Indonesia - Market factors to watch on Jan 23

Tue Jan 22, 2013 9:14pm EST

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JAKARTA, Jan 23 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
 
 ---------------- MARKET SNAPSHOT AT 0039 GMT --------------- 
                INSTRUMENT    LAST      PCT CHG    NET CHG  
    S&P 500            1485.98      0.00       0.00 
    USD/JPY              88.59     -0.12      -0.11 
    US 10YR          1.84     -0.12       0.00 
    SPOT GOLD          1694.11      0.15       2.51 
    US CRUDE             96.74      0.06       0.06 
    DOW JONES         13712.21      0.46      62.51 
    ASIA ADRS          134.38     -0.62      -0.84 
    FTSE 100          6179.17     -0.03      -1.81 
 ------------------------------------------------------------  
    
    GLOBAL MARKETS-BoJ to buy assets, S&P 500 sets new 5-year
high 
    SE Asia Stocks-Most end off lows; late buying after BoJ 
    
    STOCKS TO WATCH
    - Indonesia's top gas distributor PT Perusahaan Gas Negara
 said construction of its 30 km (19-mile) gas pipeline
from Cikande to Bitung worth 1.1 trillion rupiah ($114.35
million) will be completed in July. (Bisnis Indonesia, Kontan,
Investor Daily)
    - State utility firm PT Perusahaan Listrik Negara 
plans to build five compressed natural gas storage facilities at
five of its power plants in Sumatra and Java, with a total
investment of $192 million, fuel and gas division chief Suryadi
Maardjoeki said. The facilities are expected to commence
operation this year. (Bisnis Indonesia, Kontan, Investor Daily)
    - Property developer PT Metropolitan Land sees
2013 marketing sales growing 37.5 percent to 1.1 trillion
rupiah, up from last year's target of 800 billion rupiah, said
corporate secretary Olivia Surodjo. The firm plans to spend 850
billion rupiah on capital expenditure this year to buy land and
build infrastructure. (Bisnis Indonesia, Kontan, Investor Daily)
    - Hitachi Construction Machinery is eyeing
expansion into Indonesia's heavy equipment sector on strong
domestic demand over the next few years, an Indonesian industry
ministry official said. (Bisnis Indonesia)
    - Property developer PT Bumi Serpong Damai said
its housing sales in 2012 grew 24 percent to 2.2 trillion
rupiah. Corporate secretary Hermawan Wijaya said housing sales
contributed 51 percent to the company's total marketing sales of
4.28 trillion rupiah. (Kontan, Investor Daily)
    - State pharmaceutical firm PT Kalbe Farma plans
to add three to five distribution networks this year, aiming to
achieve a sales target of 16 trillion rupiah, up 18 percent from
last year, said Finance director Vidjongtius. The firm currently
owns 65 distribution networks across the country. (Kontan)
    - PT Pertamina Gas will soon begin construction of a 350 km
gas pipeline from Arun in Aceh to Belawan in North Sumatra,
worth $400 million, and expects to complete the project in the
second quarter of 2014, said CEO Gunung Sardjono Hadi. (Kontan)
    - General Electric Indonesia, a subsidiary of US-listed
General Electric Co, is considering developing 20 biomass
power plants in several cities in Indonesia on strong demand for
renewable energy, said CEO Handry Santriago. The firm is
currently building a biomass power plant on Sumba Island that
will have capacity of 1 megawatt, which is expected to start
operation in 2014. (Kontan)
    - State construction company PT Adhi Karya plans
to develop four hotels in Jakarta, Bekasi, Surabaya and Bandung
this year with a total investment of 450 billion rupiah,
property and hotel division chief Renny Soviahani said. (Kontan)
    - Fifty Japanese autopart manufacturers are expected to
spend between $600 million and $700 million on investment in
Indonesia this year, unchanged from last year, an Indonesian
industry ministry official said. (Investor Daily)
    - Property developer PT MNC Land, owned by media
tycoon Hary Tanoesoedibjo, has invited PT Gobel International to
develop an integrated tourism project on a 1,250-hectare
(3,100-acre) site in Lombok, West Nusa Tenggara, director Dipa
Simatupang said. The firm will initially build a hotel, resort,
golf course and residential project on a 164-hectare coastal
strip. (Investor Daily)
    - Apple Inc. plans to spend up to $3 million on a
new online store that will open in Indonesia in the near future,
Investment Coordinating Board chief Chatib Basri said. (Investor
Daily)

    MARKET NEWS 
 > Nikkei falls, exporters sold on profit-taking          
 > Banks, commodity stocks lift S&P 500 to 5-year high    
 > Treasuries prices up on weaker housing data           
 > Yen squeezed higher, Aussie eyes inflation data      
 > Gold near one-month high on BoJ stimulus plan        
 > Oil rises on BoJ plan, German investor sentiment      
 > Palm oil rises to 2-wk high on soy supply concerns   
      
    INDONESIA IN THE NEWS
 > Indonesia aims for FDI growth of 23 pct after record 2012
 
 > INTERVIEW-Indonesia to tap global sukuk market for $1 bn in
2013 
 > Bumi says Indonesia probe fails to prove
misconduct 
      
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