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.

Arpeni's coupon default could trapped several SOE pension fund

BI/exchange

6/3/2011

Irvin Avriano A.

Bisnis Indonesia

Arpeni's coupon default could trapped several SOE pension fund

JAKARTA: PT Arpeni Ocean Line Tbk I/2007 bond coupon default could trapped several SOE pension fund and other institution, related to the company's inability to repaid the coupon in several times.

Based on some capital market participants, it is stipulated in the general meeting of bondholders (rapat umum pemegang obligasi/RUPO) held last week. In the meeting, the investors asked the issuers to held again the meeting before March 18th to explain its acquisition progress.

Chandra Asri Petrochemical opens rights issue opportunity

BI / exchange

6/3/2011

Irvin Avriano A. & Yusuf Waluyo Jati

Bisnis Indonesia

Chandra Asri Petrochemical opens rights issue opportunity

JAKARTA: PT Chandra Asri Petrochemical Tbk, a company results of PT Tri Polyta Indonesia Tbk and PT Chandra Asri merger, intends to held a limited public offering with the right of preemptive (rights issue).

The corporate action potentially accelerate the medium term fund-raising process. Meanwhile, the medium-term funding needs of the company reached US$400 million.

February return rebound, but still assess to wait

BI/bursa

6/3/2011

Irvin Avriano A.

Bisnis Indonesia

February return rebound, but still assess to wait

JAKARTA: The mutual funds return began moves positively during February compared with January, but investors are advised to wait to invest their idle money until global conditions improving.

Based on the data processed PT Infovesta Utama, the average return of 69 equity funds in February has been accounted for 1.59%. The magnitude was slightly higher than the return of the same mutual funds in January when its booked negative return of 9.38%.

Danareksa Investment offer Danareksa Proteksi II IDR250 bio

BI/exchange

5/3/2011

Irvin Avriano A.

Bisnis Indonesia

Danareksa Investment offer Danareksa Proteksi II IDR250 bio

JAKARTA: PT Danareksa Investment Management targeting new funds worth IDR200 billion--250 billion from their new product, Danareksa Proteksi II, which still offered to prospective investors.

Danareksa Investment Head of Retail & Bank Distribution Marketing Diah Sofiyanti said the 3-years tenured protected fund are marketed through the company's internal marketing and assistance from two banks, PT Bank Mandiri Tbk and PT Bank DBS Indonesia.

Amstelco nonpreemptive price IDR10,000, confusing?

bursa

3/3/2011

Irvin Avriano A.

Amstelco nonpreemptive price IDR10,000, confusing?

JAKARTA: PT Amstelco Indonesia Tbk intends to held a nonpreemptive rights (non-HMETD) as much as 10% of their listed shares and with minimum price of IDR10,000 within a 12 months period.

The matter was announce by the company that used to be named PT Indocitra Finance Tbk in the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) information disclosure yesterday.

Petrosea posted 2010 2,557% risen net profit

Bursa

Irvin Avriano A.

Petrosea posted 2010 2,557% risen net profit

JAKARTA: PT Petrosea Tbk booked an increasing net profit in 2010 as much as 25 times or 2,557% from US$1.59 million in 2009 to US$42.25 mio, even the revenue only grow 8.8% from US$171.82 mio to US$186.94 mio at the same period.

Based on their financial statement that published in the bourse authority yesterday, the rocketing net profit happen due to declining on its provisions on doubtful accounts that shrunk 99% from US$26.99 mio on 2009 to only US$268,000 in 2010.

Wicaksana Overseas stock suspension revoke

Bursa

2/3/2011

Irvin Avriano A.

Bisnis Indonesia

Wicaksana Overseas stock suspension revoke

JAKARTA: Suspension on PT Wicaksana Overseas International Tbk shares trading have been revoke by Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) yesterday. The revocation have been done by the bourse authority in the reguler and cash market.

The action also makes the suspension only happen to the shares that coded WICO on a day trading, starting on Tuesday, said IDX Acting Transaction Surveillance Division Head IRvan Susandy in the bourse authority announcement.

Nonetheless, the revocation let the stock moves negatively yesterday IDR7 or 5.93% to IDR111 level. The share price formed its market capitalization to IDR140.85 billion.

Sampoerna reshuffle directors and commissioners

Bursa

2/3/2011

Irvin Avriano A.

Sampoerna reshuffle directors and commissioners

JAKARTA: PT HM Sampoerna Tbk, a subsidiary of Phillip Morris-producer of Marlboro brand cigarette, intend to change its board of director and commissioner.

The matter was showed on its extraordinary general meeting of shareholders (EGMS) agenda that will held on March 9th in One Pacific Place Building, Jakarta. The changing of management and supervisor was the only agenda that been reported by the stock emitters that been announce in the newspaper.

Mobile-8 offers to exchange its bond into shares, again

BI / exchange
2/3/2011
Irvin Avriano A.
Bisnis Indonesia

Mobile-8 offers to exchange its bond into shares, again

JAKARTA: PT Mobile-8 Telecom Tbk intend to buyback their I/2007 corporate bonds that outstanding amounted to IDR606.5 billion and exchange it for the company's until May 2nd.

Mobile-8 Company Secretary Christophorus 'Chris' Siswandi Taufik said the exchange of bonds into shares would offer a 5% premium to the bond holders so that the purchasing price is 105% from the bond value.

ABDA will raise IDR106.91 bio from rights issue

BI/bursa
1/3/2011
Irvin Avriano A.
Bisnis Indonesia

ABDA will raise IDR106.91 bio from rights issue

JAKARTA: PT Asuransi Bina Dana Artha Tbk tapped a rights issue price at IDR310 level that formed its fund will raised IDR106.91 billion.

The company will issue 344.89 million B series shares nominally IDR300. For each four shares holder have five rights that will issued by the listed insurance company, which shares coded ABDA.

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.

Petrosea posted US$40 mio net profit

BI / exchange

1/3/2011
Irvin Avriano A.
Bisnis Indonesia

Petrosea posted US$40 mio net profit

JAKARTA: PT Petrosea Tbk net income predicted higher than US$40 million during 2010, or at least increased by 2415% of net profit booked in 2009 amounted to US$1.59 mio.

"The [Petrosea] contribution was increased to more than US$40 million," said Vice President Director of PT Indika Energy Tbk Wishnu Wardhana told the press this afternoon. Indika is a controlling shareholder as well as the majority of Petrosea.

Amstelco pocketed interest new standby buyers

BI/bursa

1/3/2011
Irvin Avriano A.
Bisnis Indonesia

Amstelco pocketed interest new standby buyers

JAKARTA: PT Amstelco Indonesia Tbk (previously PT Indocitra Finance Tbk) pocketed interest from several new potential future shareholder that intend to absorb new shares in their IDR5.1 trillion rights issue. Previously, the standby buyer only Amco Plc.

"We obtain several interesting institution, either from local or foreign investors," said Robert J.H. Bonnier to the press this beginning of the week.

IDX prohibit Sierad reverse stock

BI/bursa

28/2/2011
Irvin Avriano A.
Bisnis Indonesia

IDX prohibit Sierad reverse stock

JAKARTA: Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) prohibit PT Sierad Produce Tbk plan to held a 10:1 reverse stock action in the near term.

"We see no urgent needs for the company to do such a sensitive corporate action, and also several of their track record give us consideration, especially the similar reverse stock that been done many years ago," said IDX Company Assessment Director Eddy Sugito to Bisnis on Monday.