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The Insider Stories Market Briefs


JAKARTA (The Insider Stories) – Here’s some market news compiled by Mandiri Sekuritas that that may affect shares trading today:

*Indonesia Stock Exchange enter the stock movement Multifiling PT Mitra Indonesia Tbk (MFMI, 400) in a category out of the ordinary. Currently the stock exchange authorities were observing the development pattern stock transaction.

*Financial Services Authority noted, the rate of nonperforming loans of banks fell to 3.1% in September 2016. Meanwhile, in August 2016, NPLs of banks was recorded at 3.22%.

*Fundamental bad data failed to erode the rate of the price of crude palm oil. Greatest support came from the weakening Ringgit Malaysia is still happening and rising crude oil prices.

*The price of coal began to gradually improve this month. MEMR sets coal price in November 2016 amounted to US$84.89 per ton. The price rose 23% compared to October 2016 amounted to $69.07 per ton. President Director of PT Adaro Energy Tbk (ADRO), Garibaldi Thohir states, rising coal prices this will certainly improve the financial performance of Adaro. Moreover, it has made efforts coal production cost efficiency since 4 years ago.

*PT Waskita Karya Tbk (WSKT, Rp2,500, BUY, TP Rp3,200) projected growth of aggressive financial performance in 2017 in line with the operation of several toll roads were successfully acquired. In addition, the company estimates that 30 trillion of assets may increase or become Rp90 trillion in 2017.

*Directorate General of Taxation, Ministry of Finance noted that the realization of tax revenue until Oct. 31, 2016 has reached Rp870,95 trillion, or 64.27% of the overall target Rp1.355 trillion.

*PT Sentul City Tbk (BKSL, RP90) formed a joint venture with a transaction value of Rp20 billion to run the business activities of the tourist park. The Company announces that on  Nov. 3 the company and PT Fauna Land Indonesia create a joint venture with a transaction value of Rp 20 billion, which is derived from the company’s Rp14 billion and 6 billion belonging Fauna Land.

*PT Astra Sedaya Finance, a subsidiary of PT Astra International Tbk (ASII, Rp8.225, NEUTRAL, TP Rp8.200), intends to raise funds of about Rp 6.25 trillion begin the end of 2016 until next year. The amount is made up of foreign currency loans of about US$90 to $150 million and bonds worth Rp 4.3 trillion.

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Source: The Insiderstories
The Insider Stories Market Briefs

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