November 19, 2012 / 1:45 AM / 5 years ago

Indonesia - Market factors to watch on Nov.19

JAKARTA, Nov 19 (Reuters) - Following are some
company-related and market news that could have an impact on the
local market.
    
 -------------------- MARKET SNAPSHOT @ 0006 GMT -------------  
                     INSTRUMENT   LAST       PCT CHG   NET CHG 
 S&P 500                   1359.88      0.48     6.550 
 USD/JPY                   81.47        0.26     0.210 
 10-YR US TSY YLD     1.5995         --     0.015 
 SPOT GOLD                 1717.41      0.23     3.920 
 US CRUDE                  87.65        0.84     0.730 
 DOW JONES                 12588.31     0.37     45.93 
 ASIA ADRS                118.73       1.18      1.39 
 ------------------------------------------------------------- 
     
    GLOBAL MARKETS-Asian shares rise on positive US tone, yen 
slips 
    SE Asia Stocks-Thailand recovers; others mixed as global 
concerns weigh 

    STOCKS TO WATCH 
    - State oil and gas firm PT Pertamina plans to acquire state
engineering firm PT Rekayasa Industri (Rekind) in December, said
Arifin Tasrif, CEO of PT Pupuk Indonesia Holding Company, adding
that the two firms are finalising the due diligence check.
(Investor Daily, Bisnis Indonesia)
    - Argo Manunggal group, through its unit PT Manunggal Prime
Development, sold 1.2 billion shares, or 6.1 percent stake, in
property developer PT Alam Sutera Realty at 570 rupiah
per share, said Nathan Tanugraha, Alam Sutera's investor
relations officer. (Investor Daily)
    - Food company PT Tiga Pilar Sejahtera Food is
targeting net profit of 343 billion rupiah ($35.63 million) next
year, up 61 percent from this year's forecast of 212 billion
rupiah on sales that are expected to reach 5.1 trillion rupiah
that grew 70 percent from this year's target of 3 trillion
rupiah, said finance director Sjambiri Lioe. (Investor Daily)
    - Cement maker PT Semen Bosowa Maros will spend $310 million
for expansion in Maros, South Sulawesi to boost output, said CEO
Erwin Aksa, adding that the firm sees production in 2015 will
reach 10 million tonnes, up from the current output of 3.2
million tonnes. (Investor Daily)
    - The government is ready to open bidding for 15 projects
worth $7.4 billion under a public-private partnership scheme
this year, said Bastary Pandji Indra, director of cooperation at
the planning ministry. (Bisnis Indonesia)
    - Property developer PT Bakrieland Development 
expects to finalise a deal to sell its ownership in its toll
road unit by end of this year as the firm has signed a
disclosure agreement with the future company, said Nuzirman
Nurdin, the company's head of investor relations. (Bisnis
Indonesia)
    - Government sees construction spending will reach 360
trillion rupiah by the end of this year as the spending has
currently reached 300 trillion rupiah, said Muchammad Natsir, an
officer at the public works ministry. (Bisnis Indonesia)
    - Cigarette maker PT Wismilak Inti Makmur aims to raise a
minimum 350 billion rupiah via an initial public offering by
selling 630 million shares or 30 percent of its enlarged
capital, schedule for this month, said CEO Ronald Walla. The
firm has appointed PT OSK Nusadana Securities and PT Mandiri
Sekuritas as underwriters. (Bisnis Indonesia)
    - Garment producer PT Eratex Djaja sees sales in
2013 at between 544 billion rupiah and 554 billion rupiah, up
8-10 percent from this year's forecast of 504 billion rupiah,
said corporate secretary Juliarti Pudji. (Bisnis Indonesia)
     
    MARKET NEWS 
> Nikkei jumps to 2-mth high on new govt expectations     
> Washington's positive tone cheers Wall St for a day     
> Bonds rise on U.S. budget talks, Israel worries        
> Yen steadier after hammering, still fragile           
> Gold down for week on recession, fiscal crisis fears  
> Oil rises on Middle East conflict, Gulf of Mexico fire 
> Key political risks to watch in Indonesia       
     
    INDONESIA IN THE NEWS: 
> Indonesia to replace energy regulator         
> Overseas Union, Thais battle control of F&N   
> BP's Tangguh Train 1 operational, train 2 off 
> Indonesia robusta hit 6-mth high              
     
    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 = 9,627.5 rupiahs)

 (Compiled by Rin Hindryati and Andjarsari Paramaditha, Editing
by G.Ram Mohan)

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