May 10, 2013 / 2:11 AM / 6 years ago

Indonesia - Market factors to watch on May 10

JAKARTA, May 10 (Reuters) - Following is some
company-related and market news that could have an impact on the
local market.
--------------------MARKET SNAPSHOT @ 0014 GMT ------------     
                    INSTRUMENT   LAST       PCT CHG   NET CHG 
S&P 500                   1626.67     -0.37%    -6.020 
USD/JPY                   100.86       0.27%     0.270 
10-YR US TSY YLD     1.829           --     0.015 
SPOT GOLD                 1455.71     -0.14%    -1.990 
US CRUDE                  96.15       -0.25%    -0.240 
DOW JONES                 15082.62    -0.15%    -22.50 
ASIA ADRS                145.08      -0.68%     -0.99 

    GLOBAL MARKETS-Asian shares pause after rally, yen at 4-yr
low vs dollar 
    SE Asia Stocks-S'pore, Thailand set new highs; Malaysia
bucks trend 
    - Coal miner PT Exploitasi Energi Indonesia aims
to obtain a 1.6 trillion rupiah ($164.44 million) loan this year
to finance expansion, said CEO Henry Halomoan Sitanggang. The
firm is developing two steam power plants of 2x7 megawatts each.
(Bisnis Indonesia)
    - Automotive spare parts distributor PT Indospring Tbk
 aims to raise 357 billion rupiah ($36.69 million) via
a rights issue in June or July, releasing 210 million shares at
around 1,700 rupiah per share, for expansion, the company's
prospectus said. (Bisnis Indonesia, Kontan)
    - Coal miner PT Baramulti Sukses Sarana booked a
net profit of $1.49 million in the first quarter, down 71
percent from $5.22 million in the same period last year, on
sales that grew 26 percent to $38.2 million, the company said in
a statement. (Bisnis Indonesia)
    - PT Krakatau Steel, Southeast Asia's biggest
steel maker, would complete the construction of its
Krakatau-Posco steel plant worth $2.7 billion by the end of this
year and start operation in 2014 with an initial capacity of 3
million tonnes per year, said CEO Irvan K. Hakim. The plant's
capacity would increase to 6 million tonnes per year on
completion of the second phase of the plant. (Bisnis Indonesia)
    - Cellular operator PT Indosat reported a net loss
of 71.1 billion rupiah ($7.31 million) for the first quarter,
compared with a net loss of 22.6 billion rupiah a year ago, on
revenues that grew 18 percent to 5.78 trillion rupiah, said
finance director Stefan Carlsson. (Kontan, Investor Daily)
    - Property developer PT Agung Podomoro Land will
develop four superblocks in South Jakarta, Batam, Balikpapan and
Karawang in June with an investment of up to 5 trillion rupiah
($513.87 million) each, said co-CEO Indra Wijaya. The firm also
plans to issue bonds worth a minimum of 1 trillion rupiah with a
five-year tenure in mid-2013 to repay debt and acquire land.
(Kontan, Investor Daily)
    - Industrial estate developer PT Pembangunan Deltamas plans
to launch an initial public offering within the near future to
raise between $200 million and $300 million, a source said. The
company's holding Sinar Mas Land Ltd has appointed
Macquarie Group Ltd as underwriter. (Investor Daily)
    - State pharmaceutical firm PT Kalbe Farma plans
to spend up to 1 trillion rupiah ($102.77 million) on financing
acquisitions, said finance director Vidjongtius, adding the firm
is optimistic about achieving its 2013 full-year revenue and net
profit target, up 15-18 percent from last year's revenue of 13.6
trillion rupiah and net profit of 1.73 trillion rupiah.
(Investor Daily)

> Tokyo's Nikkei share average rises 3.01 pct              
> S&P 500 slips, snaps five-day streak of record closes    
> Prices dip as investors eye U.S. jobs data              
> Dollar steady at 4-yr highs vs yen after breaching 100 
> Gold down 1 pct on broad dollar rally; PGMs higher     
> Brent oil closes higher after late gains                
> Exim Bank to finance more projects in Indonesia-Malaysian
> SMFG pays top dollar for Indonesia bank stake in retail
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
    U.S. earnings diary     
    European diary      
    Asia Macro         
    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:
($1 = 9730 rupiah)

 (Compiled by Rin Hindryati and Fergus Jensen; Editing by
Subhranshu Sahu)
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