June 20, 2013 / 1:22 AM / 4 years ago

Indonesia - Market factors to watch on June 20

JAKARTA, June 20 (Reuters) - Following is some
company-related and market news that could affect the local
market. 
     
---------------- MARKET SNAPSHOT AT 0020 GMT -------------- 
                  INSTRUMENT   LAST      PCT CHG   NET CHG 
S&P 500                 1628.93     -1.39   -22.89  
USD/JPY                 96.29       -0.18    -0.17 
10-YR US TSY YLD   2.35        -0.02     0.00  
SPOT GOLD               1339.20     -0.85   -11.49 
US CRUDE                97.40       -0.86    -0.84  
DOW JONES               15112.19    -1.35  -206.04 
ASIA ADRS              134.37      -1.61    -2.19 
----------------------------------------------------------- 
     
    GLOBAL MARKETS-Asian stocks brace for fall, China data eyed 
    
    SE Asia Stocks-Flat to weaker ahead of Fed; Indonesia off 
high 

    STOCKS TO WATCH
    - Candy maker PT Mayora Indah is seeking a
280-billion rupiah loan to finance its 2013 capital expenditure
of 700 billion rupiah ($70.65 million), its CEO said. (Kontan)
    - Tycoon Syamsul Nursalim will sell 70 percent shares in
synthetic fibre manufacturer PT Polychem Indonesia on
concern over slowing textile demand in European market and
increasing material price, sources said, adding that the family
has appointed HSBC Holdings as adviser for the transaction.
(Kontan, Bisnis Indonesia)
    - Traditional cosmetics company PT Mustika Ratu 
plans to expand into property business by developing apartment,
house-shop and warehouse on 10.9 hectares of land in Cibitung,
West Java, with a total investment of 105.8 billion rupiah, its
CEO said. (Kontan, Bisnis Indonesia)
    - Paper producers PT Indah Kiat Pulp & Paper and
PT Pabrik Kertas Tjiwi Kimia plan to spend $400
million in capital expenditure this year. Tjiwi Kimia will
allocate between $140 million and $150 million to develop a 90
megawatts power plant worth $100 million, said a director.
(Investor Daily, Kontan)
    - Flexible packaging film manufacturer PT Indopoly Swakarsa
Industry is targeting revenues of $272 million in
2013, up 5 percent from last year's $238 million as net profit
is expected to grow 25 percent to $9 million, said a director.
(Investor Daily)
    - PT Mestika Benua Mas plans to sell 818 million shares, or
20 percent of its enlarged capital, in PT Bank Mestika Dharma
via an initial public offering, scheduled in July, Bank
Mestika's CEO said, adding that the firm expects to raise up to
1.2 trillion rupiah. Bank Mestika has appointed Ciptanada
Securities as underwriter. (Investor Daily)
    - Indonesian Palm Oil Association (GAPKI) said exports of
crude palm oil (CPO) in May rose 21.5 percent from a month
earlier to 1.82 million tonnes due to a surge in demand.
(Investor Daily)
    - China has expressed interest to develop industrial estates
for Chinese companies in the eastern part of Indonesia such as
Kalimantan, Sulawesi and Maluku, said industry minister MS
Hidayat, adding that each industrial estate will be developed on
5,000 hectares of land. The government expects between 15 to 20
Chinese companies will invest in Indonesia that mostly to build
smelter plant. (Investor Daily)  
    - State utility firm PT Perusahaan Listrik Negara (PLN)
plans to develop a 2x150 megawatt steam power plant in Dumai
industrial estate, Riau, with a total investment of 3 trillion
rupiah, said the company's general manager for Riau region,
adding that it expects the facility will start operation in
2015. (Bisnis Indonesia)

MARKET NEWS 
> Nikkei falls as Fed signals possible stimulus rollback 
> Wall St drops after Bernanke hints at slowing stimulus 
> Treasuries jump as Bernanke signals less bond buying  
> Dollar shines as U.S. yields jump on Fed stance      
> Gold hits 1-mth low on reduced stimulus talk         
> Oil pressured by Bernanke comments, crude stocks up    
> Key political risks to watch in Indonesia      
     
    INDONESIA IN THE NEWS: 
> Ibris Group plans $1.8 bln nickel smelter     
> MNC to buy Bakrie-owned TV firm for $500 mln  
> Retail sales growth picks up to 9.7 pct y/y   
     
    ASIA-PACIFIC STOCK MARKETS 
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
      
    OTHER MARKETS 
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
          
    STOCKS NEWS 
    US 
    Europe 
    Asia   
     
    DIARIES & DATA:  
    U.S. earnings diary      
    European diary      
    Asia Macro         
         
    TOP NEWS 
    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:  
    topnews.session.rservices.com 
      
($1 = 9,907.5 rupiah) 

 (Compiled by Rin Hindryati and Andjarsari Paramaditha; Editing
by Jijo Jacob)

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