AmCapital News Highlights

Bank Central Asia (BBCA, Rp5,200)
To pay 39% of 2009 net income as dividend Bank Central Asia will pay 39% of its 2009 net income as a dividend. The bank will pay Rp70 a share as a final dividend after it paid an interim dividend of Rp40 a share on 2 Dec 2009. – Bloomberg

TB Bukit Asam (PTBA, Rp17,950)
Considering in acquiring 2 coal mines State-owned coal miner Tambang Batubara Bukit Asam (Bukit Asam) is planning to spend some Rp560bn to acquire two coal mines this year. Targeted companies are Kalimantan-based coal mine, local newspaper cited President Director Sukrisno. – Investor Daily

Semen Gresik (SMGR, Rp7,950)
Set to add 4 packing plants for Rp600bn Indonesia’s largest cement producer, Semen Gresik (SMGR) is planning to construct 4 packing plants this year with investment estimated at Rp600bn, local newspaper reported. President Director Dwi Soetjipto said the plant location will be in East Java, West Kalimantan, East Kalimantan, and Papua. Each plant will have annual capacity of 600k ton. The company adds more packing plant to anticipate of higher cement demand and saving cost in transportation and distribution, the report said. – Investor Daily

PP Lonsum (LSIP, Rp9,150)
Sets to spend Rp500bn for FY10 capital expenditure, final dividend of Rp209 per share approved Oil palm and rubber plantation PP Lonsum may spend Rp500bn this year to upgrade its oil palm mill capacity from 405 tons of FFB per hour to 425 tons of FFB per hour, new planting activity, and infrastructure. The company may seek bank loans to finance some 40% of this year targeted capital expenditure. On the shareholder meeting yesterday, PP Lonsum shareholders agreed of final FY09 dividends amounted Rp285.2bn or Rp209 per share or 40% of FY09 net profit. – Investor Daily

Summarecon Agung (SMRA, Rp910)
Plans for landbank acquisition Summarecon Agung plans to acquire landbank in South Jakarta to be developed as small independent city. To finance the acquisition, the company is considering bonds issuance or a right issue. The company gave no further details on size of the landbank to be acquired or funds to be raised. Meanwhile, Summarecon will pay dividend of Rp8 a share or a total of Rp50.1b which represents 30% of 2009 net income. – Investor Daily, Bisnis Indonesia

Alam Sutera Realty (ASRI, Rp186)
Placement of 28% stake About 5bn shares or 28% stake of property company Alam Sutera Realty worth Rp950bn changed hand yesterday. Macquarie Capital Securities Indonesia arranged the share placement at Rp190 per share. No details on the identity of the seller(s) or the buyer(s). – Bisnis Indonesia.