I Love Monday. ANTM & UNTR Secure This!
After long weekend the last IHSG still only down a few points. Doesn't give negative impact in today trading, but you need to monitor first. Check this stock code :
ANTM - Performance 1H 2017
PT Aneka Tambang (ANTM) booked a loss of Rp 496.1 Billion in 1H 2017 Vs net profit of Rp 11 Billion in 1H 2016 ago. The decline in performance triggered a decline in sales of 27.7% Yoy to Rp 3.01 Trillion. Although ANTM's operating loss decreased 8% Yoy to Rp 230.6 Billion in 1H 2017, net profit performance was depressed by the increase of 115% Yoy to Rp 304.2 Billion and the decrease of other income by 78.2% Yoy to Rp 81.7 Billion in 1H 2017.
BYAN - Sales to Korea
The subsidiary of PT Bayan Resources (BYAN), PT Bara Tabang (BT), was awarded a coal supply contract from Korea Midland Power Co. Ltd. Starting in October 2017 BT will supply approximately 10 million metric tons of coal to Korea Midland Power for the next 6 years with a maximum volume of shipments of 2 metric tons of coal per year.
ESSA - Rights issue plan
PT Surya Esa Perkasa (ESSA) plans to issue 3 billion new shares through a rights issue process with a maximum funding target of Rp 600 billion. The proceeds from the rights issue will be allocated to increase the investment of subsidiaries, PT Panca Amara Utama (PAU), and working capital. PAU will allocate the funds to complete the PAU ammonia project. Shareholders who do not exercise their rights have the potential to experience maximum ownership dilution of 21.43%. The plan is awaiting approval of EGMS on October 9, 2017.
TPIA - Construction of polyethylene plant
PT Chandra Asri Petrochemical (TPIA) has signed an EPC (engineering, procurement and construction) contract with Toyo Engineering Group for the construction of a new Polyethylene (PE) plant in the integrated Naptha Cracker complex in Cilegon (Banten). Toyo Engineering Coporation (Toyo-Japan) is responsible for detailed engineering and import equipment suppliers, while PT Inti Karya Persada Tekhnik (IKPT-Indonesia) acts as a contractor and local equipment supplier. The new plant facility will produce High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), and Metallocaene LLDPE). Some applications for HDPE products include blown film, rice bag, toy, bottle cap, shopping bag, household appliance, rope, tarpaulins, pipe, and container box. The construction of the new plant requires an investment of US $ 350 million and is targeted to be completed by the end of 2019 and fully operational by early 2020.
UNTR - Initial power plant project
PT United Tractors (UNTR) started the initial power plant project of the Java IV Power Plant (PLTU) in Jepara (Central Java) through a groundbreaking stage. UNTR joined the consortium together with Sumitomo Corporation Group and The Kansai Electric Power Co., Inc. Group. The three companies create a joint venture under the name of PT Bhumi Jati Power. The total investment value of PLTU Java IV or called Tanjung Jati Steam Power Units 5 and 6 reached US $ 4.2 Billion with funding sources consisting of 20% of internal cash and 80% of bank syndicated loans. The development target of Java IV power plant takes 50-54 months or until 2021.