RHB Indonesia Morning Cuppa: 28 Dec 2018
Top Story:
♦BTPN Syariah : Positive Momentum To Continue In 2019; Maintain BUY
Market:
♦Indonesia Stock Exchange to assign alert codes to risky companies
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Industry:
♦Christmas and New Year festivities is expected to boost retail sales by 15-20%
♦Data usage for telco companies rose significantly in year end
♦Insurance coverage for Banten tsunami is projected to be IDR15.9trn
Corporate:
♦Perusahaan Gas Negara (PGAS IJ) ’s shareholders has approved the company’s acquisition of Pertagas
♦Indonesia awarded rights to companies including Medco Energi (MEDC IJ) to explore four oil and gas blocks
♦Jasa Marga (JSMR IJ) aims for loan syndication of IDR10trn for 2019
♦Wijaya Karya (WIKA IJ) launched first perpetual bond of IDR600bn with interest of 10.5% for 3yrs
♦Jakarta MRT to be completed in February 2019
To see the full report, kindly click the link: https://bit.ly/2VbqXCE

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