INDONESIA DAYBOOK: Stock Listing, Infrastructure, Indofood CBP
By Harry Suhartono
(Bloomberg) -- Indonesia wants companies with significant domestic operations to list their shares locally as the nation’s benchmark stock index keeps hitting record highs this year, President Joko Widodo said on Tuesday.
WHAT TO WATCH:
*Coordinating Minister for Maritime Affairs Luhut Panjaitan to hold meeting to discuss Patimban port, Jakarta-*Surabaya railway and second MRT project
*Foreign investors sold $86.2m net of Indonesian stocks on Tuesday and $30m of bonds on July 3
*Equity-index futures in Japan, Australia and Hong Kong pointed to small moves at the start of Asian trading as geopolitical concerns loomed over financial markets for a second day, amid saber-rattling over North Korea’s nuclear weapons program
*Perusahaan Listrik Negara plans to sell 214b rupiah of 5-yr bonds at 7.7%
EQUITIES:
United Tractors (UNTR IJ): Co. lends 600b rupiah to Acset Indonusa
Indofood CBP Sukses Makmur (ICBP IJ): Stk raised to neutral at JPMorgan with PT 9,450 rupiah
Bali Towerindo Sentra (BALI IJ): Co. plans to issue 350b rupiah 3-year medium term notes
Erajaya Swasembada (ERAA IJ): ex-date for co.’s 20 rupiah/shr cash dividend
COMPANY EVENTS:
Buana Listya Tama (BULL IJ): Co. to hold annual and extraordinary shareholders meeting
CENTRAL BANK:
*Indonesia’s GDP growth in 2Q seen better than 1Q as investment starts to support growth in 2Q, Governor Agus Martowardojo says in Jakarta
MARKETS:
S&P 500......+0.23% to 2,429.01 on *July 3*
Stoxx Europe 600......-0.29% to 382.30
MSCI Asia Pacific Index......-0.36% to 153.59
Global Commodity Prices Overview
Crude palm oil......+0.20% to 2,508 ringgit/ton in Kuala Lumpur
Brent futures.....-0.14% to $49.61/bbl
Yield on Indonesia’s 10-year government bonds little changed at....6.87%
Jakarta Composite Index.....-0.76% to 5,865.364
LQ45 Index......-1.02% to 987.379
Indonesian rupiah little changed at......13,364/USD
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