JAKARTA (IFT) - US oil and gas company Chevron Indonesia Company will bid out an Engineering, Procurement and Construction (EPC) project for the Indonesia Deepwater Development gas field no later than early 2013.
Gde Pradnyana, Head of Public Relations, Security and Formality at the upstream oil and gas regulator BP Migas, estimates the gas field to produce about 980 Million Metric Standard Cubic Feet per Day and 23 thousand Barrels per Day starting 2018.
PT Bank Nasional Nobu Tbk (NOBU)
The company projects its loan growth in 2014 to reach 66.66 percent to Rp 2 trillion from 2013’s estimate of Rp 1.2 trillion. The high loan growth target is needed to catch up with larger banks. The company obtained significant loan growth since it became a public company through IPO earlier this year. Bank Nasional Nobu’s loan as of November of 2013 surged 256 percent YOY to Rp 868.87 billion from Rp 243.74 billion.
PT Modernland Realty Tbk (MDLN)
The property issuer’s bond issuance value as of the third quarter of 2013 reached Rp 3.36 trillion, or the highest among other property issuers. The bond issuances of PT Summarecon Agung Tbk (SMRA), PT Intiland Development Tbk (DILD), and PT Agung Podomoro Land Tbk (APLN) reached Rp 450 billion to Rp 1.2 trillion.
PT Erajaya Swasembada Tbk (ERAA)
The listed mobile phone retail company targets to open 120 new retail outlets in 2014, or higher than 2013’s new retail outlet target of 105 outlets. The company’s retail outlets as of the third quarter of 2013 reach 445 outlets. These include the outlets owned by Erajaya’s subsidiaries, PT Erafone Artha Retailindo, and iBox outlets.
PT Surya Citra Media Tbk (SCMA)
The listed broadcasting company allots Rp 200 billion for its 2014 capex. Most of the capex will be used to develop transmission infrastructure. The company plans to use the capex to expand its network to four or five large cities in Indonesia, aside from 10 existing large cities. The company will also conduct network transmission improvements in existing cities.
PT Japfa Comfeed Indonesia Tbk (JPFA)
The listed livestock feed company’s 2014 capex allocation decreases 14 percent to Rp 1.2 trillion from 2013’s capex of Rp 1.4 trillion. The company will obtain funding for the 2014 capex from the remaining issuance of global bond on April of this year. Most of the 2014 capex will still be used to support breeding farm business that produces day old chick (DOC), livestock feed expansion, and fish cultivation.
PT Darma Henwa Tbk (DEWA)
The listed mining services and integrated energy company has slashed its 2014 capex to US$ 21 million from 2013’s capex of US$ 108.8 million. The company will not seek loan loans next year due to the benchmark interest rate hike that caused loan interest rates to increase. The company will use 40-46 percent of the 2014 capex to fund the Bengalon coal project.
PT Indomobil Multi Jasa
The subsidiary of PT Indomobil Sukses Internasional Tbk (IMAS) has conducted IPO. However, the IPO proceeds obtained by the company were lower than the initial IPO plan. Indomobil Multi offered 450 million shares in its IPO, or at 10.4 percent of total shares. The number of shares offered was lower than the initial IPO target of 1.29 billion shares. The company’s share price for the IPO was also lower than its initial target of Rp 500 to Rp 650 per share. The company’s IPO was set at Rp 500 a share.