JAKARTA, May 10 (Reuters) - Following is some
company-related and market news that could have an impact on the
local market.
--------------------MARKET SNAPSHOT @ 0014 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1626.67 -0.37% -6.020
USD/JPY 100.86 0.27% 0.270
10-YR US TSY YLD 1.829 -- 0.015
SPOT GOLD 1455.71 -0.14% -1.990
US CRUDE 96.15 -0.25% -0.240
DOW JONES 15082.62 -0.15% -22.50
ASIA ADRS 145.08 -0.68% -0.99
-------------------------------------------------------------
GLOBAL MARKETS-Asian shares pause after rally, yen at 4-yr
low vs dollar
SE Asia Stocks-S'pore, Thailand set new highs; Malaysia
bucks trend
STOCKS TO WATCH
- Coal miner PT Exploitasi Energi Indonesia aims
to obtain a 1.6 trillion rupiah ($164.44 million) loan this year
to finance expansion, said CEO Henry Halomoan Sitanggang. The
firm is developing two steam power plants of 2x7 megawatts each.
(Bisnis Indonesia)
- Automotive spare parts distributor PT Indospring Tbk
aims to raise 357 billion rupiah ($36.69 million) via
a rights issue in June or July, releasing 210 million shares at
around 1,700 rupiah per share, for expansion, the company's
prospectus said. (Bisnis Indonesia, Kontan)
- Coal miner PT Baramulti Sukses Sarana booked a
net profit of $1.49 million in the first quarter, down 71
percent from $5.22 million in the same period last year, on
sales that grew 26 percent to $38.2 million, the company said in
a statement. (Bisnis Indonesia)
- PT Krakatau Steel, Southeast Asia's biggest
steel maker, would complete the construction of its
Krakatau-Posco steel plant worth $2.7 billion by the end of this
year and start operation in 2014 with an initial capacity of 3
million tonnes per year, said CEO Irvan K. Hakim. The plant's
capacity would increase to 6 million tonnes per year on
completion of the second phase of the plant. (Bisnis Indonesia)
- Cellular operator PT Indosat reported a net loss
of 71.1 billion rupiah ($7.31 million) for the first quarter,
compared with a net loss of 22.6 billion rupiah a year ago, on
revenues that grew 18 percent to 5.78 trillion rupiah, said
finance director Stefan Carlsson. (Kontan, Investor Daily)
- Property developer PT Agung Podomoro Land will
develop four superblocks in South Jakarta, Batam, Balikpapan and
Karawang in June with an investment of up to 5 trillion rupiah
($513.87 million) each, said co-CEO Indra Wijaya. The firm also
plans to issue bonds worth a minimum of 1 trillion rupiah with a
five-year tenure in mid-2013 to repay debt and acquire land.
(Kontan, Investor Daily)
- Industrial estate developer PT Pembangunan Deltamas plans
to launch an initial public offering within the near future to
raise between $200 million and $300 million, a source said. The
company's holding Sinar Mas Land Ltd has appointed
Macquarie Group Ltd as underwriter. (Investor Daily)
- State pharmaceutical firm PT Kalbe Farma plans
to spend up to 1 trillion rupiah ($102.77 million) on financing
acquisitions, said finance director Vidjongtius, adding the firm
is optimistic about achieving its 2013 full-year revenue and net
profit target, up 15-18 percent from last year's revenue of 13.6
trillion rupiah and net profit of 1.73 trillion rupiah.
(Investor Daily)
MARKET NEWS
> Tokyo's Nikkei share average rises 3.01 pct
> S&P 500 slips, snaps five-day streak of record closes
> Prices dip as investors eye U.S. jobs data
> Dollar steady at 4-yr highs vs yen after breaching 100
> Gold down 1 pct on broad dollar rally; PGMs higher
> Brent oil closes higher after late gains
INDONESIA IN THE NEWS
> Exim Bank to finance more projects in Indonesia-Malaysian
Reserve
> SMFG pays top dollar for Indonesia bank stake in retail
push
ASIA-PACIFIC STOCK MARKETS
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STOCKS NEWS
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DIARIES & DATA:
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A multimedia version of Reuters Top News is available at:
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($1 = 9730 rupiah)
(Compiled by Rin Hindryati and Fergus Jensen; Editing by
Subhranshu Sahu)
