Indonesian Market Update: Various Financial Reports and Stock Listing News
Today, various announcements were made by Indonesian companies regarding financial reports, bond issuance and initial public offerings (IPOs). This today's headline compiles the most important announcements below. It covers annual net profit reports of Bank Internasional Indonesia, Tower Bersama Infrastructure and Bank Tabungan Pensiunan Nasional, a bond issuance of Bank Tabungan Negara, and IPOs of GMF AeroAsia and a Kompas Gramedia Group unit.
Bank Tabungan Negara (BTN) Issues Bonds in March
Bank Tabungan Negara (BTN) will issue bonds worth IDR 2.0 trillion (US $207.3 million) with a coupon interest rate of 7.25 - 8.05 percent. The book-building process commences today and runs up to 4 March 2013. The bonds will be listed on the Indonesia Stock Exchange (IHSG) on 28 March 2013. The bonds will have a 10-year tenor and its underwriters are Danareksa Sekuritas, Indo Premier Securities and CIMB Securities Indonesia.
This bond issuance is the second and final installment of a series of bonds. The first issuance took place in April 2012. Capital that is acquired through the bonds issuance will be used for business expansion.
Bank Internasional Indonesia (BII) Reports Increased Net Profit
Bank Internasional Indonesia (BII) reported net profit worth IDR 1.55 trillion (US $160.7 million) for the whole year 2012, a 171.8 percent increase compared to its net profit in 2011. Net earnings per share climbed 72.78 percent to IDR 18,66. Its strong growth is particularly attributed to increased net interest income of IDR 4.42 trillion (US $458.0 million), a 24.67 percent increase compared to 2011. Total assets of the bank climbed 22.5 percent to IDR 115.16 trillion (US $11.9 billion).
Tower Bersama Infrastructure Reports Increased Net Profit
Tower Bersama Infrastructure reported net profit of IDR 927.42 billion (US $96.1 million) in 2012, a 92.3 percent increase compared to the previous year. Basic earnings per share rose to IDR 180,80.
Bank Tabungan Pensiunan Nasional Reports Increased Net Profit
Bank Tabungan Pensiunan Nasional reported net profit of IDR 1.98 trillion (US $205.2 million) in 2012, a 41.3 percent increase compared to its performance in 2011. Its basic earnings per share rose to IDR 341.
Kompas Gramedia Group Will List its Exhibition and Events Unit in March
The Kompas Gramedia Group's exhibition and events unit aims for IDR 500 billion (US $51.8 million) in an initial public offering (IPO) in March. The company will offer 1.28 billion shares (30 percent of its total equity) in the third week of March, with a share price between IDR 315 and IDR 415. Proceeds from the IPO will be used for capital expenditure and debt repayment.
Garuda Indonesia Intends to List its Maintenance Facility in 2013
Garuda Indonesia intends to list its maintenance facility on the Indonesia Stock Exchange this year. Speculation arose that the nation's top class airline had cancelled its intention to list Garuda Maintenance Facility AeroAsia (GMF AeroAsia). However, president director of Garuda (Emirsyah Satar) said the listing will go ahead as planned but still needs some careful study first. GMF AeroAsia offers services, maintenance and spare parts for airplanes and is Indonesia's largest aircraft maintenance provider.