Check 8 Stock Exchange ‘Hot Issues’, Agung Sedayu-Saham Tender Offer OPEN

Jakarta, CNBC Indonesia – Stock trading on the Indonesia Stock Exchange (IDX) has entered the end of the week, to be exact, Friday (15/10/2021). Before closing this week, a number of issuers’ news are waiting to be listened to.

This news starts from the planned tender offer for the new shareholder of PT Pratama Abadi Nusa Industri Tbk (PANI) to the latest developments on the issuer’s performance at the end of the September 2021 period.

CNBC Indonesia has summarized eight issuer events yesterday, Thursday (14/10/2021) for consideration before today’s trading opens.

1. Investment of IDR 70 T, Chandra Asri’s New Factory Built 2023

PT Chandra Asri Petrochemical Tbk (TPIA) targets the construction of the PT Chandra Asri Perkasa (CAP2) factory, the company’s second factory, to start in 2023.

This factory will have a capacity of 3.8 million tons and bring Chandra Asri’s total production to 8 million tons per year.

Director Chandra Asri Suryandi said that this development will cost US$ 5 billion or equivalent to Rp 70 trillion (assuming an exchange rate of Rp 14,000/US$). Currently, the company has partnered with Thai Oil Public Company Limited (Thai Oil) as a strategic investor.

2. Annexing PANI, Agung Sedayu Ready for Tender Offer, Here’s the Schedule!

A company that is part of the Agung Sedayu Group, PT Multi Artha Pratama (MAP) stated that it has submitted a tender offer implementation document to the Financial Services Authority (OJK) as of October 12, 2012.

In an announcement related to an explanation for the exchange’s request for an explanation at the Indonesia Stock Exchange (IDX) information disclosure on Thursday (14/10), President Director of PT Pratama Abadi Nusa Industri Tbk (PANI), Prilli Budi Pasravita Soetantyo conveyed the estimated timetable for the tender offer to be on the 11th. November to December 10, 2021.

“The determination of the purchase price for the company’s shares is based on the agreement of the parties,” Prilli said as quoted by CNBC Indonesia.

3. Polda Metro Arrests Suspected Genius Fraud, BTPN Opens Voice!

PT Bank BTPN Tbk (BTPN) appreciates the hard work of the Greater Jakarta Metropolitan Police (Polda Metro Jaya) in investigating fraud cases that harmed Jenius Bank BTPN customers, pursuing and arresting the alleged perpetrators of the fraud.

Bank BTPN Deputy President Director Darmadi Sutanto said the arrest of the alleged perpetrators was a follow-up to the company’s report last July.

According to him, this arrest is an important lesson and a warning to banking criminals that management takes seriously every case that occurs and is detrimental to Bank BTPN’s customers.

4. Stock Prices Under IPO, This is the Response of the Boss of Bukalapak!

The management of the e-commerce issuer PT Tbk (BUKA) revealed the reason for the weakening of share prices experienced by the company in the past week.

Trading data shows that BUKA’s shares have fallen for the past few years and are below the initial public offering (IPO) price on August 6, 2021, which was valued at Rp. 850/share.

President of Bukalapak Teddy Oetomo said the decline in shares was due to the recent increase in commodity prices, and caused portfolio rotation of stock market investors on the Indonesia Stock Exchange (IDX).

5. Initial Budget of IDR 1.9 T, Due to the Japfa Pandemic Cuts Capex

PT Japfa Comfeed Indonesia Tbk (JPFA) said that one of the company’s defensive strategies in the midst of the Covid-19 pandemic was to reduce the allocation of capital expenditure (capex) since last year.

This expansion efficiency strategy is carried out to ensure that the company’s liquidity is maintained.

Japfa Comfeed Financial Controller Erwin Djohan said the lower capex allocation had been implemented since last year.

6. Adhi Karya ‘Ketiban’ New Contract Rp 11 T, Stocks Rise Slightly!

The state-owned construction company, PT Adhi Karya Tbk (ADHI), realized a new contract worth Rp 11.3 trillion in September 2021.

ADHI’s Corporate Secretary, Farid Budiyanto, said the number of new contracts increased by 82.3% compared to the acquisition of new contracts in the third quarter of 2020 of Rp 6.2 trillion.

“The value of this contract is a combination of all existing contracts from various business lines that ADHI has,” said Farid, in his explanation at the Indonesia Stock Exchange information disclosure, quoted Thursday (14/10/2021).

7. Parent Rights Issue, BGTG Injected by Hong Kong Investors Rp 1 T

An issuer engaged in financial services, PT Equity Development Investment Tbk (GSMF) will issue new shares in order to increase capital with Pre-emptive Rights (HMETD) or rights issue.

The new maximum amount is 7.45 billion series C shares with a nominal value of Rp 100. Equity Development is the holding company of PT Bank Ganesha Tbk (BGTG).

The new shares will be offered at an exercise price of Rp 165 per share, so that the total funds that can be collected from this rights issue can reach Rp 1.23 trillion.

8. Hypermart MPPA Rights Issue Rp891 billion, Lippo Family Willing to Absorb

The issuer that manages Hypermart outlets, PT Matahari Putra Prima Tbk (MPPA), plans to increase capital with a pre-emptive rights (HMETD) scheme or rights issue.

In this corporate action, the Lippo Group, through PT Multipolar Tbk (MLPL), the holding company whose shares are owned by the Lippo family through PT Inti Anugerah Pratama, will be the standby buyer.

Based on the prospectus issued by the company, MPPA plans to offer 1,171,200,788 new shares with a par value of Rp 50 per share and an exercise price of Rp 760 per share in a Limited Public Offering (PUT) VI, so that, from this rights issue, MPPA is aiming for Rp 890. ,11 billion.

[Gambas:Video CNBC]

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