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Indonesia - Market factors to watch on Jan 25
January 25, 2013 / 2:31 AM / 4 years ago

Indonesia - Market factors to watch on Jan 25

5 Min Read

JAKARTA, Jan 25 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
 
 ----------------- MARKET SNAPSHOT AT 0025 GMT --------------- 
                   INSTRUMENT     LAST      PCT CHG    NET CHG 
 S&P 500                1484.82      0.00       0.01  
 USD/JPY                  90.42      0.10       0.09 
 US 10YR              1.85      0.02       0.00 
 SPOT GOLD              1666.16     -0.07      -1.20 
 US CRUDE                 95.91     -0.04      -0.04 
 DOW JONES             13825.33      0.33      46.00 
 ASIA ADRS              134.44      0.25       0.34 
 FTSE 100              6264.91      1.09      67.27 
 ------------------------------------------------------------- 
   
    GLOBAL MARKETS--Asia steady after positive factory data, yen
hits lows 
    SE ASIA STOCKS-Firmer; large-caps lead S'pore to 2-year high
 
 
    STOCKS TO WATCH
    - Indonesia's manufacturing industry is expected to expand
between 6.8 and 7.1 percent this year, said industry minister MS
Hidayat. (Investor Daily)
    - Cement producer Bosowa Group , a business group with
headquarters in Sulawesi, plans to develop three cement
factories in West Papua, Banten and South Sulawesi this year,
with a combined capacity of up to 5.55 million tonnes per year,
said CEO Erwin Aksa. (Investor Daily, Bisnis Indonesia)
    - Construction firm PT Nusa Raya Cipta, a unit of property
developer PT Surya Semesta Internusa, plans to release
between 20 and 30 percent of its enlarged capital via an initial
public offering in the third quarter of this year. It expects to
raise up to 300 billion rupiah ($31.17 million), said Surya
Semesta CEO Jonahhes Suriadjaja, adding that the proceeds will
be used for working capital and to finance construction
projects. (Investor Daily)
    -PT Mitra Adiperkasa, Indonesia's largest upmarket
retailer, clocked 7.6 trillion rupiah ($789.61 million) in sales
in 2012, up 30 percent from a year earlier, according to a
report by Credit Suisse. (Investor Daily)
    - Retail company PT Sumber Alfaria Trijaya is
ready to spend 1.4 trillion rupiah ($145.45 million) this year
to open 800 new stores and up to 6 distribution networks, said
finance director Fernia Rosalie Kristanto. (Investor Daily)
    - Telecom firm PT XL Axiata has secured loans
totaling 3 trillion rupiah ($311.69 million) with five-year
tenures from PT Bank Mandiri, to finance capital expenditure and
other expenses, said corporate secretary Murni Nurdini in a
statement to the stock exchange. The firm plans to spend between
9 and 10 trillion rupiah on capital expenditure this year to
expand its 3G mobile network coverage. (Investor Daily, Bisnis
Indonesia)
    - Truck body manufacturer PT Kyokuto Indomobil
Manufacturing, a unit of Osaka-listed Kyokuto Co Ltd,
expects its factory in Cikampek, West Java, to commence
operation in July with an initial production of 200 units per
month, said Jusak Kertowidjojo, CEO of PT Indomobil Sukes
Internasional. (Bisnis Indonesia)
    - Heavy equipment distributor PT Intraco Penta has
called off a plan to buy two coal mine concession rights this
year on concerns over sluggish coal prices, said finance
director Fred L. Manibog. (Kontan)

    MARKET NEWS 
> Nikkei jumps as weak yen lifts exporters, financials   
> S&P rises for seventh day but 1,500 too steep a climb  
> Bond prices fall as jobless claims drop to 5-year low 
> Yen skids to new lows after Japan price data         
> Gold near 1-1/2-wk low as econ data saps demand      
> Oil up on encouraging economic data, Seaway optimism  
> Palm rises to 3-week high on grain supply worries      
 
 
    INDONESIA IN THE NEWS
> Indonesia's PT Timah falls short on tin supply after monsoon
 
> Indonesia may postpone all IPOs for state firms in
2013 
> Bumi Resources slides on probe report 
      
    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 = 9625.0000 Indonesian rupiahs)

 (Compiled by Rin Hindryati and Fergus Jensen)

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