Kiwoom Securities: JCI Positive Moves

Positive market. Dow Jones and positive Asian markets China ahead of the release of GDP data could provide support. Trading stock index closed higher amid mixednya trading yesterday. Reinforcement is still open if followed by the emergence of buying interest. Thus, we estimate the composite index will move in the positive area today.

APLN - Plan new projects

PT Agung Podomoro Land (APLN) plans megeluarkan 14 to 19 new projects this year. Most projects are located in the Greater Jakarta area. APLN require funding of about Rp 11 trillion for projects within the next 3-5 years. APLN cover the funding needs from internal cash, bank loans to bond issues. APLN need to issue a new project because more than 50% of the project have been sold a long time so even with the rental property. APLN mall traffic is also claimed that they develop is above 50%.

BMTR & MNCN - private placement plan

PT Global Mediacom (BMTR) and its subsidiary PT Media Nusantara Citra (MNCN) plans to issue new shares by private placement scheme. Corporate action is an opportunity for employees, directors and board of commissioners to hold shares and MNCN BMTR. BMTR plans to sell 138.46 million shares, or a maximum of 1% of the total shares issued and fully paid by December 31, 2011, while MNCN plans to sell 207.7 million shares, or a maximum of 1.5% of the total shares issued and fully paid by the end of 2011. BMTR can raise as much as Rp 182.35 billion from the sale diharga Rp 1.317 / share while MNCN obtain funds from the sale of Rp 338.75 billion diharga Rp 1.631 / share. Both companies are using the proceeds from private placement to strengthen its capital structure.

ENRG - Target production

PT Energi Mega Persada (ENRG) targeting increased production by 10% to 40.000 barrels of oil equivalent per day (OEBPD) from 16.700 OEBPD. The source of the increase comes from gas fields in Block Light Kangean PSC, PSC Bentu Block, and Block ONWJ new PSC acquired late last year. ENRG allocating capex of U.S. $ 157 million, mostly from cash inernal.

GDST - Increase the capacity of

PT Gunawan Dianjaya Steel (GDST) plans to increase production capacity of steel plate into 550000-600000 tons per year starting in June 2012 from a position of 400 000 tonnes per year at this time. Management projected demand growth of 15% -20% per year. The increase in production capacity is done by replacing the motor of the machine as well as several other components with a total investment of U.S. $ 15 million. The increase in production also depends on the certainty of additional supplies of gas.

MASA - American product recall

National Highway Traffic Safety Administration (NHTSA) in the United States attractive (recall) products are manufactured Achilles Multistrada Direction of PT Sarana (MASA) on 5 April 2012 then. Recall done because the tire is located under the motor vehicle safety standards. Products affected by the recall are the Achilles Desert Hawk and Radar type for the year of production in December 2009 until November 2011.