|
|
IPO to Watch: Garuda Indonesia
Garuda Indonesia is scheduled to start international road show for its IPO in November 2010. The company expects to raise US$300 million from the IPO. How prospective is the IPO? WIll Garuda be able to improve its bottom line amid intense competition in both domestic and international routes? ,Last Updated ( Sun, 05 Sep 2010)
| |
| The Heavyweights are Coming, and...
Indofood CBP kicks off the biggest IPO this year with over US$550 million proceeds. Harum Energy follows with US$300-400 million expected proceeds. Borneo Lumbung, Krakatau Steel, and Garuda Indonesia will hit the road next with estimated proceeds of over US$1 billion. Mandiri and BNI expect over US$1.8 billion from their combined new shares issuance. (Sun, 05 Sep 2010)
| |
| The Billion Dollar Club: New Order
Strong capital inflow on the back of volatility in developed markets lifted Indonesian stocks to a level vulnerable for correction. We are in a situation of very thin trading volume on Top 10 stocks vis-a-vis their market capitalization. Two cigarette giants, HM Sampoerna and Gudang Garam, for example, surged 104% and 123% respectively YTD to become US$10 billion company respectively. (Fri, 03 Sep 2010)
| | |
| More Articles |
| • Unifiber - Falcon Capital Deal | Investment | United Fiber System Ltd and Masba Holdings Inc have finally entered into a conditional sale and purchase agreement of PT Kutai Chip Mill through an acquisition of all the shares in Pacific Global Holding Ltd and Pacific Capital Holding Ltd. At the same time, Falcon Capital agrees to acquire 56% shares in Unifiber for S$178 million. Who's behind the deal? | |
| • M & A JOURNAL | Investment | Falcon Capital Global Holding Limited has decided to continue to negotiate on, agree to, and finalize terms of the definitive agreement relating to its proposed investment of S$178 million in cash in United Fiber Systems despite legal dispute between Unifiber and CMEC. In this report: (1) PT Wintermar's US$50 million acquisition. | |
| • Financing Updates | Investment | Bank Saudara, controlled by Medco Group, plans a second rights issue in December to raise up to Rp200 billion to strengthen its capital and support expansion programs. Drilling company PT Apexindo Pratama Duta (APEX) Tbk, meanwhile, secured US$60 million financing. In this report: (1) Sierad Produce, (2) CIMB-Niaga rights issue, (3) Pelita Sejahtera Abadi, (4) Eterindo Wahanatama. | |
| • Blackstone Group in Indonesia | Investment | Few months ago, Blackstone Group acquired 12.5% shares in Monnet Power Company in India for US$59 million. Last week, the private equity entered into a bigger investment in India, where it purchased the stake of Moser Baer Projects Pvt for US$300 million. The New York-based fund has invested $1.25 billion in 12 Indian companies so far. How about in Indonesia? | |
| • Wilmar & Jawamanis Deal | Investment | Wilmar International Ltd announced a plan to acquire PT Jawa Manis Rafinasi (JMR) for undisclosed price on Monday, Aug 23. Combined with its acquisition of Sucrogen, the fifth largest sugar player in the world, Wilmar plans something big in Indonesian sugar industry. | |
| • Mandiri, Domba Mas, Bakrie Sumatra & Bank Capital | Investment | Bisnis Indonesia reported this morning that Bank Mandiri might sell assets of Domba Mas Group to other investors if Bakrie Sumatra Plantation (UNSP) failed to close the acquisition deal before the end of next month. Interestingly, Bakrie Sumatra's revised financial statement (after the Bank Capital misreporting issue emerged) pointed to advance for investments of Rp1.89 trillion in relation to this oleochemical thing. | |
| • Newmont Divestment & IPO | Investment | Government of Indonesia and Newmont have yet to agree on the pricing of 7% shares to be divested in PT Newmont Nusa Tenggara (NNT) this year. Today, a shareholders meeting would make decision on an initial public offering (IPO) of NNT to raise up to US$800 million. With such a huge potential gain, more groups are riding on the back of government's negotiation. | |
|
|
|
