• Bond Sale Semen Indonesia Oversubscribed 1.3 Times

    Bonds of Indonesian cement manufacturer Semen Indonesia are subscribed 1.3 times. Semen Indonesia Finance Director Darmawan Junaidi said the company planned to sell IDR 3 trillion worth of five-year bonds (8.6 percent coupon), but demand reached IDR 4 trillion. Most demand originated from domestic financial institutions such as banks, insurance and pension funds.

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  • Trade Balance Indonesia May 2017: Declining on Ramadan Imports

    Indonesia's Statistics Agency (BPS) announced Indonesia's trade surplus stood at USD $474 million in May 2017, significantly below analysts' estimates and the revised April 2017 trade surplus of USD $1.33 billion. Key reason that explains Indonesia's lower trade surplus is rising imports ahead of the Ramadan (the Islamic fasting month) and Idul Fitri celebrations (the festivities that follow after the end of Ramadan).

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  • Commodity Watch Indonesia: Coal Price Expected to Rise

    The coal price is expected to rise in the remainder of this year as China seems eager to limit domestic coal output, while global coal demand is predicted to rise in the second half of 2017. After a steep decline in May, coal prices have been recovering in June. So far this month, coal prices rallied around 10 percent to slightly above USD $80 per ton (Newcastle index, July contracts).

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  • Portfolio Watch Indonesia: Tiga Pilar Sejahtera Food

    Tiga Pilar Sejahtera Food, one of Indonesia's largest listed food producers, saw its shares decline around 20 percent during the Ramadan period (the Islamic fasting month that has been ongoing for the past three weeks). However, over the past 52 weeks its shares have risen nearly 17 percent, hence showing a high degree of volatility. Main reason for the recent correct is the company's declining earnings in 2017.

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