Shares Offer Benakat Prime
Portfolio August 12th, 2010
PT Benakat Petroleum Energy Tbk (BBP) offers a prime shares earlier this year with a target to raise at least USD 1 trillion. Revenue funds from the sale of shares and warrants will be used for investment and working capital.
PT Benakat Petroleum is an energy company in Indonesia with a focus on increasing value through upstream oil and gas development and mining of various commodities coupled with engineering services, procurement and construction (EPC).
Benakat management along with managing underwriters emission shares have agreed to offer as much as 11.5 billion of new shares to the public offering price range of USD 120-USD 140 per share, in which for all the issued shares of warrants attached to as many as 6.5 billion in warrants.
Thus, the target acquisition IPO funds will be obtained a minimum of Rp 1 trillion for the ownership share of 38.34 percent. PT Danatama Makmur acting as underwriters managing the stock of emissions with the full capability of the entire issued shares. If the excess demand, then the party examine the possibility of removing Benakat additional same again.
According to President Director Benakat Wiguna Arifin, in a press conference on Wednesday (27 / 1), the Jak arta, income from the sale of fund shares and warrants will be used for investment and working capital, among others for the construction of oil and gas production facilities, coal, and stone manganese. The fund is also for the purchase of supporting equipment pr oduksi, and maximize return on the invested value.
Due Dilligence Meeting (DDM) and the public exposure made with Danatama Benakat as part of the initial offering period in the process of IPO shares, which performed to explore the initial interest from prospective investors both retail and institutional want any prospective underwriter of shares. Initial bidding process lasted from January 19 until January 28, 2010, with a target stock listing on the Stock Exchange is planned for Indonesia February 11, 2010.
We are optimistic Benakat IPO will get a positive response from various groups of investors both domestic and international. This can be seen from the positive response we got during the roadshows in several countries including Singapore and Hong Kong we have done, said Steffen Fang, Vice President of Investment Banking of PT Danatama Makmur.
Steffen added that oil and gas sector is believed to still be a prima donna and the mainstay of investment and has a bright prospect in line with national economic growth is conducive. This will encourage companies to get a regular cash flow and be one of the attractions for potential investors.
One of the maximum potential energy sources affiliated companies owned by PT Western Petroleum Benakat who has been working with PT Pertamina EP through cooperation contract to manage operations ar ea Benakat oil field operations West, Prabumulih, South Sumatra Province, the oil production areas of oil field operations West Benakat current average of 2000 barrels per day which will be increased to be 4000 barrels per day by the end of 2010.
Vice President Director Benakat M Suluhuddin Noor, said, since the takeover of management of the operating area of the West Benakat by BBP, BBP has increased production from the 77 existing production wells, from about 1,500 barrels of oil per day to about 2,000 barrels of oil per day within 6 months. Based on its development plan, PT BBP estimates of oil production more than 25 million barrels for a period of 15 years.
Disposal of Shares of PT PP "Oversubscribed" 1.7 times
Portfolio August 12th, 2010
Disposal of shares of prime (initial public offering / IPO) of PT PP (Persero) Tbk recorded excess demand (oversubscribed) 1.7 times as many shares with a value of more than Rp 900 billion. Thus disclosed Faith Rachman, Director-Head of Investment Banking of PT Mandiri Securities as the underwriters managing emissions.
Roadshow program to Hong Kong and Singapore, there are two prominent investment firms that have expressed interest in the shares of PT PP, namely Fidelity and Pheim Asset Management. “This has become a strong indication of confidence among foreign investors on the performance and company performance to the front, where for the foreign investors will be allocated about 20 percent of total emissions,” said Iman Rachman.
In addition to foreign investors, domestic investors are also interested in the shares of PT PP. PT Jamsostek is one who has expressed interest in buying the confirmation of PT PP.
PT PP has received an effective statement from Bapepam do an IPO on January 29, 2010. The Company started the bidding held on February 13, 2010 and continued with the recording of prime stock on 9 February 2010.
With the stock offering price of Rp 560 per share, PT PP would reap about 581 billion from the IPO. To launch an IPO programs, PT PP pointed 3 securities companies, namely PT Mandiri Securities, PT Danareksa Securities, and Indonesia DBS Vickers Securities.
The fund company will be obtained will be used for investment in energy sector, construction and property, and strengthen corporate working capital.
PT PP get a new contract worth USD 6 trillion in 2009 and the company also noted the carry over in 2010 about Rp 4 trillion. Corporate income in 2007 was Rp 3.2 trillion, in 2008 increased to $ 3, 9 trillion, and in the year 2009 is estimated to reach Rp 4.2 trillion. The net profit in 2007 was Rp 92.98 billion, in 2008 amounted to Rp 121.61 billion, and the year 2009 estimated at about Rp 163 billion.
Building projects to be the largest revenue contributor of PP in 2008, which is as much as 73.72 percent. The next work of roads and bridges as much as 10.44 percent, 5.39 percent of irrigation, and the port as much as 5.06 percent.
Consumer confidence in the Government Weakens
Economy August 2nd, 2010
Peasants in the village of Karang Anom, Kecamatan Tanjung Bintang, Lampung Selatan, Rabu (16 / 4), to harvest rice. In the past week, the price of dry grain harvest in Lampung high observed, approximately Rp 2200 per kg. The high grain prices make farmers not to sell grain directly, but keep it to fulfill their daily needs.
RELATED:
* Finance: Inflation in 2009, Lowest Throughout History
* Hatta: Naturally Rising Inflation Next Year
* Inflation Lowest Print Throughout History Records
JAKARTA, KOMPAS.com – Consumers feel confident that inflation will rise in the next six months. Based on survey results of consumer confidence index, an index which measures consumer sentiment on inflation level increased from 181.8 to 183.6 in November became December 2009.
The survey was conducted Danareksa Research Institute (DRI) published in Jakarta, Tuesday (5/1/2010). Previously, Head of the Central Statistics Agency (BPS) announced Rusman Heriawan, Indonesia recorded the lowest inflation for the last ten years in 2009, which is 2.78 percent.
According to DRI’s Chief Economist Purbaya Yudhi Sadewa, an increase in inflation next six months largely due to seasonal factors due to rising prices of goods and services.
“Toward the Christmas celebrations and New Year, demand for food, food, and clothing are increasing,” said Purbaya. In June, annual inflation is expected to be in the range of 5 percent.
Nevertheless, clear Purbaya, to December 2009, the price increase does not seem as great as usually happens in December last year that the number of consumers who are concerned about the price movement is reduced.
Legal certainty
Meanwhile, consumer confidence in the government’s ability to perform his duties continued to weaken in the survey in December.
After falling in the previous survey, the index of consumer confidence in government (IKKP) fell back by 5.56 percent to 104.6 in December, which is the lowest level in nearly a year past.
It IKKP declining mainly due to the decline in consumer confidence in the ability of governments in creating legal certainty.
Based on survey results of DRI in December 2009, consumer confidence increased again because consumers feel the economic situation is better today.
Consumer confidence index (IKK) rose 0.7 percent to 89.1 in December, which is the highest level in four months. The increase in IKK was also driven by reduced consumer fears of rising prices of basic foodstuffs.
Purbaya explained, currently only 53.8 percent of consumers surveyed expressed their concerns over the issue price of basic foodstuffs.
The two components that make up the IKK increased in December. Component that shows the current situation, the present situation index (ISS), rose by 1.1 percent to 72.7 in December as consumers give a better assessment of current economic conditions.
Meanwhile, the component that shows the state IKK future expectations index (IE), rose by 0.5 percent to 101.3. The increase in IE shows the public’s optimism about the prospects of increasing the family income.
Consumers plan to buy durable goods declined slightly in December after reaching its highest level in four years in November.
The proportion of consumers who plan to buy durable goods in the next 6 months fell to 27.5 percent from 29.0 percent in November.
However, Purbaya said, consumer interest for buying durable goods is still at a high level.
Consumer confidence survey using 1700 samples from Indonesia household survey of six areas. In doing research on the economic movement, one of the tools used by DRI are the indicators of early warning, including a survey on consumer confidence.
This survey, said Purbaya, using face-to-face interview method. The sample for this national survey has been selected in accordance with the statistical methodology to represent the character, demographic, and economic conditions accurately consumer Indonesia.
Quality control survey that meets strict international standards. DRI, which was established in 1999, is a nonprofit research institute
Rely on "Selective Buying", JCI Opened Up
Portfolio August 2nd, 2010
In the midst of the global stock market red, Indonesia Stock Exchange on Wednesday (27/1/2010) early successful step in the green zone.
At 09.34, Composite Stock Price Index rose the first session, or 0.48 percent of 12.28 points to 2590.69. Miscellaneous trade and industry to support the index rate at the beginning of this trade.
JCI yesterday slipped 0.75 percent to 2578.42 position. According to Panin Securities research analyst, Purwoko Sartono, China plans to tighten the distribution of credit to negative sentiment for the regional exchanges in trade yesterday. Investors worried that the policy will affect the shrinking of liquidity from the market for the short term. “However, we estimate the impact of this policy did not last long,” he said.
He mentioned, in the middle of selling pressure on shares of superior, he saw an opportunity to do selective buy the stocks that have entered the oversold area. In addition, he continued, the national economic outlook is brighter still a magnet for investors / foreign funds to enter Indonesia.
“The technical, we expect the index will test support level of 2553-2566. While the resistance is in the range of 2600-2617,” he said.
Keep Fed Rates, Wall Street
Stock Report July 19th, 2010
U.S. stocks ended up on Wednesday (27/1/2010) or local time Thursday morning amid WIT signs of lack of monetary policy tightening by the Federal Reserve and state address before the U.S. President Barack Obama.
Dow Jones Industrial Average rebounding (turned up) of early losses, rising 41.87 points (0.41 percent) at the end of trading to 10,236.16.
The Nasdaq composite index rose 17.68 points (0.80 percent) to 2221.41, while the index of the Standard & Poor’s 500 rose 5.33 points (0.49 percent) to the temporary closing of 1097.50.
Embrace the market back losses after the policy-making body, the Federal Reserve decided to keep monetary policy unchanged stimulus Wednesday and said it expected to continue to keep interest rates “very low” in the long term to support economic recovery.
Andrew Fitzpatrick of Hinsdale Associates said the first reaction is to sell, but the market rises after digesting the Fed statement because there are no signs of raising interest rates or withdraw stimulus.
‘When you see the actual statement, it is very dangerous for the market. You do not have the news here, is more or less a non-event and provide a market opportunity too to think we can keep the recovery going, “he said. “So I think it was generally positive.”
FOMC decision, including a difference of opinion, a departure from the meeting recently, with the Kansas City Fed President Thomas Hoenig believes that “expectations of very low interest rate of federal funds for an extended period is no longer necessary”.
Analysts say, differences of opinion raises questions about whether the Fed’s move toward so-called exit strategy of foreign policy aimed at reducing common economic shocks of the recession.
The market was also waiting for Obama’s state address Wednesday night, when he is expected to give the chart a more “giving hopeful” future of American economic deprived and trying to save an ambitious plan for reform.
