Indonesia - Market factors to watch on Dec 19

Tue Dec 18, 2012 9:12pm EST

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JAKARTA, Dec 19 (Reuters) - Following are some
company-related and market news that could have an impact on the
local market.

---------------- MARKET SNAPSHOT AT 2358 GMT ---------------   
                INSTRUMENT    LAST      PCT CHG     NET CHG  
 S&P 500               1446.79      1.15      16.43 
 USD/JPY                 84.36      0.11       0.13
 US 10YR             1.82     -0.31      -0.01 
 SPOT GOLD             1675.66      0.37       6.12 
 US CRUDE                88.00      0.08       0.07 
 DOW JONES            13350.96      0.87     115.57 
 ASIA ADRS             128.91      1.77       2.24 
 FTSE 100             5935.90      0.40      23.75 
------------------------------------------------------------ 
  
    GLOBAL MARKETS-Shares rally to 3-month high on hopes for US 
budget deal 
    SE Asia Stocks-Malaysia at 7-week high; Philippine snaps 
losing streak 
    
    STOCKS TO WATCH 
    - Food company PT Tiga Pilar Sejahtera Food Tbk is
targeting net profit of 343 billion rupiah in 2013, up 62
percent from 2012 net profit forecast of 212 billion rupiah,
boosted by revenues that are expected to grow 79 percent to 5.2
trillion rupiah, said Finance Director Sjambiri Lioe. The
company also plans to issue bonds worth 1 trillion rupiah with a
five-year tenure in the first quarter of 2013 to pay debt and
has appointed HSBC, Danareksa Sekuritas and Indo Premier
Securities as underwriters. (Investor Daily, Bisnis Indonesia)
    - Bosowa, a business group with headquarters in Sulawesi, is
ready to develop steam power plant in South Sulawesi, with
investment of 3 trillion rupiah ($311.09 million), on strong
demand for electricity in South and West Sulawesi, said CEO
Erwin Aksa. (Investor Daily)
    - Thirteen companies are expected to sell their stakes via
initial public offering (IPO) in the first quarter of 2013, said
director of Indonesia's Stock Exchange, Hoesen. (Investor Daily)
    - Cigarette maker PT Wismilak Inti Makmur expects
2013 revenue to grow 45 percent to 1.6 trillion rupiah from this
year's forecast of 1.1 trillion rupiah as net profit is likely
to reach 120 billion rupiah, up 76 percent from this year's
target 68 billion rupiah, said CEO Ronald Walla. The company
just launched its initial public offering (IPO) by selling 629
million shares at a price of 650 rupiah per share and was
oversubscribed 24.5 times. (Investor Daily, Bisnis Indonesia)
    - The government plans to issue global bond, scheduled in
April to finance its budget deficit, said Robert Pakpahan,
director general of debt management at the finance ministry.

    - Oil and gas firm PT Elnusa Tbk plans to spend
$398 million for new investment over the next five years,
financed by bank loan and right issue, said CEO Elia Massa.

   MARKET NEWS 
> Nikkei share average opens up 1.03 pct                  
> Wall St climbs on economy bets as it looks past 'cliff' 
> TREASURIES-Prices fall on hopes of fiscal deal         
> Euro outperforms majors, yen still pinned down        
> Gold falls nearly 2 pct on hopes of US fiscal deal    
> Oil rises on 'fiscal cliff' optimism, refinery issues  
> Key political risks to watch in Indonesia      
     
    INDONESIA IN THE NEWS: 
> Semen Gresik buys Vietnam cement maker        
> Indonesia blames pilot for Sukhoi crash       
> Conoco sells Algerian unit to Pertamina       
> Blue Bird eyes $200 mln IPO in 2013-sources   
> Hon Hai confirms Indonesia plant on delay     
> Indonesia's 2013 growth at 6.3 pct-World Bank 
> Half people around globe optimist about economy
 

    ASIA-PACIFIC STOCK MARKETS 
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
      
    OTHER MARKETS 
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    STOCKS NEWS 
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    DIARIES & DATA:  
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    Financials          General/political 
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A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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