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(SGX-ST). The bond have 7 year tenure with the first four years 10 year 8.031 0.00 0.00
non-callable (7NC4) and the proceed will primarily be used to 15 year 8.525 0.00 -0.02
TOBA – PT Toba Bara Sejahtra have obtained shareholder’s PT. Panin Asset Management
approval to conduct preemptive rights issuance of 470 million JSX Building Tower II, 11th Floor
Jl. Jend. Sudirman Kav. 52-53 , Jakarta 12190
shares and stock split with ratio of 1:4.
T : (021) 515-0595 , F : (021) 515-0601
CORPORATE NEWS – cont’d
ANTM – PT Aneka Tambang may potentially acquire PT Nusa Halmahera Minerals (NHM) divested share. NHM is
expected to divest 26% of its share by July 2020. NHM targets gold production of 200,000 – 240,000 ounce in 2019.
MARK – PT Mark Dynamics Indonesia will distribute IDR 26.6 billion cash dividend or at IDR 7.- per share. The
dividend payout ratio is 32% of FY18’s net income and the cum dividend date is on 22 May 2019.
BRPT – PT Barito Pacific allocates USD 560 million capex budget in 2019, where USD 460 million will be used for
expansion in petrochemical business, USD 80 million – 100 million will be used for energy business.
SUPR –PT Solusi Tunas Pratama allocates IDR 400 billion – 500 billion capex budget in 2019. The proceed will be
used to fund addition of up to 5 thousand km fiber optic in 2019.
MAPA – PT MAP Aktif Adiperkasa allocates IDR 300 billion capex budget in FY 2019, rose by +18.6% yoy compared
to last year’s realization. The company plans to open up to 150 – 200 new stores this year with total area up to
22,000 – 25,000 m2.
IPOL – PT Indopoly Swakarsa Industry will distribute USD 1.33 million FY 2018 cash dividend or at IDR 3/share. The
dividend payout ratio is at 27.57% of FY 2018’s net income and the cum dividend date has not been disclosed. In
addition, IPOL allocates USD 1.5 million capex budget in FY 2019, mainly for operational and maintenance needs.
ERTX – PT Eratex Djaja targets for its revenue to grow by 15% YoY in FY 2019 to around USD 87.65 million.
DILD – PT Intiland Development allocates IDR 1.5 trillion capex budget in FY 2019. The fund will primarily be used to
fund several main projects in Jakarta and Surabaya. In addition, DILD targets IDR 2.5 trillion marketing sales in FY
2019. Up to 1Q 2019, DILD reports IDR 254.2 billion marketing sales, representing 10.2% of FY 2019’s target.
BBRI – PT Bank Rakyat Indonesia has obtained approval at the AGM to distribute IDR 16.17 trillion FY 2018 cash
dividend or at IDR131/share. The dividend payout ratio is at 50% of FY 2018’s net income and the cum dividend date
has not been disclosed.
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