Indonesia - Market factors to watch on June 28

Thu Jun 27, 2013 9:48pm EDT

JAKARTA, June 28 (Reuters) - Following is some
company-related and market news that could affect the local
market.
     
 ---------------- MARKET SNAPSHOT AT 0020 GMT ---------------- 
                    INSTRUMENT   LAST      PCT CHG   NET CHG 
 S&P 500                 1613.20      0.62     9.94  
 USD/JPY                 98.53        0.19     0.19 
 10-YR US TSY YLD   2.47         0.00     0.00  
 SPOT GOLD               1203.86      0.36     4.37 
 US CRUDE                96.82       -0.24    -0.23  
 DOW JONES               15024.49     0.77   114.35  
 ASIA ADRS              133.46       1.86     2.43
 ------------------------------------------------------------- 
     
    GLOBAL MARKETS-Asian shares edge higher on global equity 
gains 
    SE Asia Stocks--Rebound on China cbank liquidity assurance;
Manila leads 

    STOCKS TO WATCH
    - Cement producer PT Semen Indonesia is eyeing
expansion into Bangladesh as the firm plans to acquire a local
cement producer with an initial investment of 300 billion
rupiah, said Finance Director Ahyanizzaman. (Kontan)
    - PT Indofood CBP, a wholly-owned subsidiary of
Indonesia's largest food producer, PT Indofood Sukses Makmur
, will acquire 100 percent shares in its sister company
PT Pepsi-Cola Indobeverages worth $30 million, said CEO Anthoni
Salim in a statement. (Kontan, Investor Daily)
    - PT United Tractors, the nation's biggest heavy
equipment provider, has sold 401 machines in May, down 11.48
percent from 453 units a month earlier, due to slowing demand
from the mining sector, said Corporate Secretary Sara K. Loebis.
(Kontan)
    - State-owned cement maker PT Semen Baturaja's 
initial public offering was oversubscribed up to six times, said
Marciano Herman CEO Danareksa Sekuritas, one of the company's
underwriters. (Kontan)
    - Coal miner PT Baramulti Suksessarana reported its coal
output from January to May reached 2.2 million tonnes, which
represents 40 percent of its 2013 full-year target of between 5
million tonnes and 5.5 million tonnes, said Finance Director
Eric Rahardja. (Kontan, Bisnis Indonesia)
    - State construction firm PT Wijaya Karya has
secured a contract worth 1.3 trillion rupiah to develop Arun gas
power plant with a capacity of 200 megawatts, said Corporate
Secretary Natal Argawan. (Kontan, Bisnis Indonesia)
    - State oil and gas firm PT Pertamina and
petrochemical firm PT Chandra Asri Petrochemical have
decided to cancel a plan to develop a petrochemical plant worth
$200 million as an agreement cannot be reached, said Pertamina's
Corporate Communications Officer Ali Mundakir. (Bisnis
Indonesia)
                    
    MARKET NEWS 
> Nikkei up on easing Fed concern, better econ data         
> Wall St rallies for third day as Fed concerns fade        
> Prices gain after 7-year debt sale                       
> Dollar resilient as Fed tackles 'tapering' fears        
> Gold below $1,200, headed for worst week in 30 years    
> Oil rises amid talk Fed will continue stimulus for now   
> Palm extends losses ahead of USDA report                
     
    INDONESIA IN THE NEWS: 
> GM takes on the Toyota Republic 
> Indonesia says building criminal cases against 8 firms over
fires 
> Indonesia's Bulog set to restart soybean imports after 15
years 
> Indonesia raises crude palm oil tax to 10.5 percent for July
 
> Indonesia's June CPI seen nearly +6.5 pct y/y, May trade
deficit narrows 
> Indonesia Q2 GDP growth seen at lower end of forecast-cbank
gov 

    ASIA-PACIFIC STOCK MARKETS 
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
      
    OTHER MARKETS 
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
          
    STOCKS NEWS 
    US 
    Europe 
    Asia   
     
    DIARIES & DATA:  
    U.S. earnings diary      
    European diary      
    Asia Macro         
         
    TOP NEWS 
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at:  
    topnews.session.rservices.com 
   ($1 = 9925.0000 Indonesian rupiah)

 (Compiled by Rin Hindryati and Michael Taylor; Editing by Sunil
Nair)