The Composite Stock Price Index (IHSG) ended trading Thursday (20/6/2019) in the red zone. As of the end of session 2, JCI weakened 0.06% to 6,335.7.
The performance of the JCI is inversely proportional to the main stock exchanges in the Asian region which are comfortably in the green zone: the Nikkei index rose 0.6%, the Shanghai index soared 2.38%, the Hang Seng index shot up 1.2%, the Straits Times index rose 0.81 %, and the Kospi index rose 0.31%.
Read: Global Interest Rates Are Conducive, But Pay Attention to Oil Prices
There are several issuer actions that are worth paying attention to before trading opens today, Friday (21/6/2019).
1. Outlet Expansion, Duck King Resto Manager Spends IDR 160 Billion
The issuer that manages The Duck King restaurant, PT Jaya Bersama Indo Tbk (DUCK) invested IDR 160 billion to add new outlets in 2019.
Dewi Tio, Chief Financial Officer (CFO) of DUCK stated that the company will open 12 new outlets with details, 11 domestic outlets spread across the Jabodetabek and Yogyakarta areas and one outlet in Ho Chi Minh, Vietnam. This year, DUCK also plans to expand outside Java.
2. After the drop, MNCN plans a private placement of IDR 2.3 trillion
PT Media Nusantara Citra Tbk (MNCN) plans to increase capital without pre-emptive rights (PMTHMETD/Private Placement) with a target fund of IDR 1.83-2.29 trillion.
Based on Information Disclosure on the Indonesian Stock Exchange (BEI), the company will issue a maximum of 1.14 billion shares or 8% of the number of shares that have been issued and fully paid up as of March 31 2019.
The planned implementation price for private placement shares is IDR 1,600-IDR 2,000 per share, taking into account the book building price range.
3. Aiming at IDR 30 billion, KJN Express offers initial shares at IDR 202
Prospective issuer in the courier and logistics business, PT Krida Network Nusantara will enter the stock exchange with an initial public offering (IPO) scheme by releasing initial shares at a price of IDR 202/share.
According to the plan, the company will be listed on the Indonesian Stock Exchange (BEI) on July 1 on the development board.
4. Sinar Mas Sells 40% Shares of Life Insurance Subsidiary for IDR 5.08 T
A subsidiary of the Sinar Mas Group which operates in the life insurance services sector, PT Asuransi Jiwa Sinarmas MSIG will release shares through an initial public offering (IPO) mechanism with total funds raised worth IDR 5.08 trillion.
President Director of Sinarmas MSIG Life Insurance Hamid Hamzah said there would be no issuance of new shares in this IPO, because the shares released to the public belonged to its shareholder PT Sinar Mas Multiartha Tbk (SMMA) amounting to 40% or the equivalent of 420 million with a nominal value of IDR 100/share .
5. Refinancing, First Media was injected with a Deutsche loan of IDR 1.54 T
Lippo Group issuer, PT First Media Tbk (KBLV), received a loan facility from Deutsche Bank AG, Singapore, based on a Facility Agreement (FA) on 20 June 2019 worth US$ 107.50 million, or equivalent to Rp. 1.54 trillion (assuming exchange rate IDR 14,300/US$).
The purpose of using loans includes refinancing the company’s debt and working capital needs for the company and its subsidiaries. Financial report data for the first quarter of 2019 shows that KBLV’s short-term liabilities are still quite high, namely IDR 4.32 trillion and long-term liabilities IDR 1.59 trillion.
6. Collaborating with Private Equity, Lippo Builds Thousands of Houses Rp. 100 T
The Lippo Group’s property holding company, PT Lippo Karawaci Tbk (LPKR) targets to build 100,000 houses in the next 5-10 years. The investment value is estimated to require no less than IDR 100 trillion.
Lippo Karawaci Chief Executive Officer (CEO) John Riady said that the company will carry out this development by collaborating with foreign partners who will also become shareholders of the company through a rights issue scheme which is currently being processed.
7. Still losing IDR 608 billion, Bentoel is confident that he can make a profit
The performance of cigarette issuer PT Bentoel International Investama Tbk (RMBA) is still affected by the impact of the decline in tobacco industry volume at the beginning of 2019, which has an impact on business performance in the first quarter of 2019.
President Director of Bentoel Internasional Investama Christopher John McAllister said this decline was the impact of the implementation of cigarette excise in previous years. Nevertheless, his party was quite surprised by the volume in the first quarter of 2019 which fell by 7% industry-wise, quite a lot due to cigarette excise.
8. Profit Increases 30%, Summarecon Distributes Dividends of IDR 69 Billion
Property issuer PT Summarecon Agung Tbk (SMRA) distributed dividends to shareholders amounting to IDR 69 billion or 10% of the company’s net profit for the 2018 financial year. This was agreed at the Annual General Meeting of Shareholders (AGMS), Thursday (20/6/2019 ) in Kelapa Gading, North Jakarta.
9. For the sake of liquidity, Temas Line is ready to stock split 1:5
The maritime transportation services issuer, PT Pelayaran Tempuran Emas Tbk (TMAS) or Temas Line plans to take several strategic steps, one of which is splitting the nominal value of shares (stock split) in order to increase the liquidity of the company’s shares.
The stock split that will be carried out is with a ratio of 1:5, one share will receive 5 new Temas Line shares. In trading this Thursday (20/6/2019), TMAS shares were trading at IDR 795/share, stagnant with quiet transactions, and a market capitalization of IDR 907 billion.
10. Expansion, PTPP Collaborates with Partners from K-Pop Countries
Construction issuer PT PP Tbk (PTPP) signed a memorandum of understanding (Memorandum of Understanding/MoU) with PT Hyundai Engineering & Construction (Hyundai E&C) to explore cooperation between the two companies.
As a follow-up to the signing of the MoU, both parties will introduce each other to general construction projects, EPC (Engineering, Procurement, Construction) and other investment opportunities both in Indonesia and in other countries throughout the world including infrastructure projects, building projects and others. .
source: https://www.cnbcindonesia.com/market/20190621074401-17-79715/sinarmas-msig-ipo-rp-5t-mnc-private-placement-rp-2t