Transasia Securities: Profile and interest

Transasia Securities: Profile and interest

PT Transasia Securities’ acquisition by OCBC Bank is interisting. Not only does it show us more about the invasion of regional financial institution into Indonesian soil, but also the relation to other entities.

Based on Transasia Securities official website, the company is a member of Indonesia Stock Exchange incorporated on July 7th 1990, originally named PT Transpacific Securindo.

OCBC Bank acquire Transasia Securities

BI/market
12/4/2012
Irvin Avriano A.
Bisnis Indonesia

OCBC Bank acquire Transasia Securities

JAKARTA: Oversea-Chinese Banking Corporation Ltd (OCBC Bank) will acquire 80% stake on an Indonesia brokerage house PT Transasia Securities worth IDR92 billion or equal to S$12.5 million.

The matter was announced in the OCBC Bank's information disclosure to Singapore Exchange (SGX) yesterday, April 13th, 2012. OCBC Bank is a Singapore local-based bank and holding company to PT Bank OCBC NISP Tbk.

BNIS Proteksi Pundi Rupiah I ready to launch

Irvin Avriano A.

BNIS Proteksi Pundi Rupiah I ready to launch

JAKARTA: PT BNI Asset Management will offer their new protected mutual fund namely BNIS Proteksi Rupiah Pundi I.

The plan indicated from a statement posted in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today, related to international securities identification number (ISIN code) given to the new securities.

KFC Indonesia set 9.5% bond's coupon

Irvin Avriano A.

KFC Indonesia set 9.5% bond's coupon

JAKARTA: PT Fast Food Indonesia Tbk, holder of Kentucky Fried Chicken restaurant franchise brand in Indonesia, set their 5 years I/2011 bond coupon on 9.5% level per annum.

The decision is shows in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today. The IDR200 billion bond issuance is helped by PT OSK Nusadana Securities Indonesia as underwriters.

Mansek's Kartika moved to IIF

BI/market

26/9/2011

Irvin Avriano A.

Bisnis Indonesia

Mansek's Kartika moved to IIF

JAKARTA: One of PT Mandiri Sekuritas (Mansek) director, Kartika Wirjoatmodjo, move to PT Indonesia Infrastructure Fund (IIF) and become the president director of the SOE finance company.

His position will replace by former PT RBS Asia Securities Indonesia president director Laksono Boyke Widodo.

One executives who know the matter said Kartika resignation from Mansek and appointment to become the highest position in IIF already set up on September 5th and will assist the other director in IIF, Bibin Busono, former director of PT Tanah Laut Tbk (formerly PT Indoexchange Tbk).

Multistrada shares decline after offering canceled

BI/market

25/8/2011
Irvin Avriano A.
Bisnis Indonesia

Multistrada shares decline after offering canceled

JAKARTA: A car, motor, and commercial vehicle tire listed company PT Multistrada Arah Sarana Tbk's stock price corrected IDR10 in the stock market today after their shares offering canceled by the bidders.

Today, their shares decline 1.82% to IDR540 level after the bidding dispersed after South Korea-based Hankook Tire Co, Japan-based Yokohama Tire Corp, and private equity fund TPG Capital (formerly named Texas Pacific Group) can not reach a deal, related to low bid price that only stands on IDR500. The matter was reported bu Bisnis Indonesia newspaper this morning.

The price that been request is far lower than the initial majority shareholder has been expected namely PVP XVIII Pte Ltd and PT Central Sole Agency, at IDR800 level.

Lautandhana & Mahanusa launch two protected funds

13/6/2011

Irvin Avriano A.

Lautandhana & Mahanusa launch two protected funds

JAKARTA: PT Lautandhana Investment Management and PT Mahanusa Investment Management launch two new capital protected mutual fund, namely Lautandhana Proteksi IX and Mahanusa Dana Prestasi, respectively.

The matter was disclosed on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website, early this month. Lautandhana Investment commandeered by Ahmad Subagja, while Mahanusa Investment by Howard Chu.

BCA Finance up-sized bond to IDR1.1 trio

BI/financial

8/6/2011

Irvin Avriano A.

Bisnis Indonesia

BCA Finance up-sized bond to IDR1.1 trio

JAKARTA: PT BCA Finance, a multi-finance company owned by PT Bank Central Asia Tbk (BCA), up-sized their IV/2011 bond issuance from initial target IDR1 trillion to IDR1.1 trio because a huge demand from investors.

The matters already rumored by one capital market player and in Fitch Ratings rating research published yesterday. The Fitch research pegged the AA-(idn) final rating for the processed bond issuance.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

28/5/2011

Irvin Avriano A.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

JAKARTA: International Financing Review Asia (IFR Asia) reported government of Malaysia already pick two local bank and two global bank as their sovereign global/US-dollar-denominated sukuk issuance arranger.

The banks namely CIMB, Maybank, Citigroup, and HSBC. The matter was announced on short and limited news published on May 25th.

LPEI picks Danareksa, Trimegah, and Indo Premier

BI/financial

25/5/2011

Irvin Avriano A. & M. Munir Haikal

Bisnis Indonesia

LPEI picks Danareksa, Trimegah, and Indo Premier

Pegadaian picks Bahana and Danareksa as underwriters

25/5/2011

Irvin Avriano A. & Donald Banjarnahor

Pegadaian picks Bahana and Danareksa as underwriters

JAKARTA: Perum Pegadaian picks two state owned enterprise (SOE) securities house as their XIV/2011 bond lead underwriters, predicted amount around IDR2 trillion.

Two capital markets participant said the SOE pawn house already pick PT Bahana Securities and PT Danareksa Sekuritas as the bond's joint lead underwriters.

PTPN XIII issue IDR80 bio MTN

24/5/2011

Irvin Avriano A.

PTPN XIII issue IDR80 bio MTN

JAKARTA: PT Perkebunan Nusantara XIII (PTPN XIII), Pontianak-based SOE plantation company, issue their very first medium term notes (MTN) worth IDR80 billion. The fixed income securities tenured 2 years.

The matter announced on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) official website today. The private-offered type securities burdened by 9.35% p.a. interest that will be paid every 3 months.

MNC Securities appoint Panin Sekuritas as their bond's underwriter

24/5/2011

Irvin Avriano A.

MNC Securities appoint Panin Sekuritas as their bond's underwriter

JAKARTA: PT MNC Securities, MNC Group securities company, appoint PT Panin Sekuritas Tbk as their II/2011 IDR300 billion bond's lead underwriter, that will be offered today.

MNC Securities Director & Corporate Secretary Susy Meilina confirm the capital market rumors. She also said the issuance documentation has been given to Bapepam-LK and they now still wait for pre-effective statement from the capital market authority to continue the offering phase.

Mandiri Sekuritas upgraded Holcim to buy

20/5/2011

Irvin Avriano A.

Mandiri Sekuritas upgraded Holcim to buy

JAKARTA: PT Holcim Indonesia Tbk shares recommendation upgraded to buy level from hold level by PT Mandiri Sekuritas through its equity analyst Octavius Oky Prakarsa, Bloomberg reported this afternoon.

The 12-months target price for the company commandeered by Eamon John Ginley is set at IDR2,500 per sheet.

HD Finance shares offering oversubscribed 2.32 times

6/5/2011

Irvin Avriano A.

HD Finance shares offering oversubscribed 2.32 times

JAKARTA: PT HD Finance Tbk shares offering experience 2.32 times oversubscribed demand from their future investors.

Based on officials disclosure yesterday, the company's lead underwriters namely PT Makinta Securities have receive order as much as IDR213.22 billion demand.

Intraco issue IDR500 bio bond

15/4/2011

Irvin Avriano A.

Intraco issue IDR500 bio bond

JAKARTA: PT Intraco Penta Tbk, a reseller of heavy equipments listed company, intend to issue a bond worth IDR500 billion in July--August.

"We have appoint two securities to assist us as our bond's lead underwriters," said Intraco Director Fred Lopez Mandibog in the public expose last Friday.

KSEI will launch trading ID in April

BI / exchange

8/3/2011

Irvin Avriano A, Gita Arwana Cakti, Sekti Dewi Mayestika

Bisnis Indonesia

KSEI will launch trading ID in April

JAKARTA: Indonesian Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) intends to launch the identity of the transaction (trading ID) in April to support the separation of investors' funds account and a single investor identity (single investor ID/SID) in the capital market.

"Insha Allah we will launch the trading ID in April, which will be one of supporting the SID," said KSEI Central Depository Services Division Head Gusrinaldi Akhyar in PT Bank Permata Tbk Securities Gathering event this morning.

Mandiri Sekuritas obtained 3 underwriting mandates

BI/bursa

2/3/2011
Irvin Avriano A.
Bisnis Indonesia

Mandiri Sekuritas obtained 3 underwriting mandates

JAKARTA: PT Mandiri Sekuritas took over 3 potential listed company with emission worth IDR4 trillion--5 trio this year.

Mandiri Sekuritas Investment Banking Director Iman Rachman said they already obtained mandate from future emitters which will listed their shares in 1st semester or 2nd semester.

Mega Capital Indonesia eyes 10,000 investors

BI/bursa

27/2/2011
Irvin Avriano A.
Bisnis Indonesiat

Mega Capital Indonesia eyes 10,000 investors

JAKARTA: PT Mega Capital Indonesia seeks as much as 5,000--7,000 new investors from previously only 3,000 to 8,000--10,000 this year, with help from their new online trading facility.

Mega Capital Indonesia Director Kaleb L. Limuel also said the company also target their daily transaction can increase IDR50 billion--70 bio from previously IDR80--billion to be IDR150 bio.

3 Garuda underwriters' capital dropped: SOE Ministry asked for help

BI/Hal. Bursa

MKBD

24/2

Irvin Avriano & Wisnu Wijaya

Bisnis Indonesia

3 Garuda underwriters' capital dropped

SOE Ministry asked for help

JAKARTA: Adjusted net working capital (modal kerja bersih disesuaikan/MKBD) from three PT Garuda Indonesia Tbk lead underwriters shrunk after one of the SOE's shares corrected after listed in the stock market.

The declining also indicated there are many of Garuda shares that been kept by the underwriters, namely PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas, because they can not sold at the offering period.