Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Bank Mandiri (Persero) Tbk PT    BMRI   ID1000095003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

PT Bank Mandiri (Persero) Tbk : Mandiri Investasi to Target Infrastructure With First Private-Equity Funds

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/02/2012 | 08:06am CET
   By Caroline Henshaw and Andreas Ismar 
 

One of Indonesia's largest investment managers, Mandiri Investasi, plans to launch its first ever private-equity funds in a bid to capitalize on a relaxation in the country's land ownership law.

Mandiri Investasi Chief Executive Abiprayadi Riyanto said Monday that the investment arm of Indonesia's biggest lender by assets, Bank Mandiri (BMRI.JK), is working to raise capital for several infrastructure-focused funds over the next two years.

The fund manager has already received interest from pension funds looking to tap into Indonesia's burgeoning infrastructure sector after its parliament in December passed a long-anticipated bill to quicken the process by which the government buys land for public projects, he added.

"We see this as a good chance to expand our business more vigorously by launching private equity funds given our expertise in the mutual funds industry," he said, but declined to provide more details.

"With the land bill that has been approved by the house of representatives, we expect it will get infrastructure projects running faster."

Indonesia is one of Asia's fastest-growing economies and is quickly becoming one of the world's hottest destinations for global investors after it regained its investment-grade sovereign rating last year for the first time since the Asian financial crisis.

Foreign direct investment in Indonesia grew 20% to a record $20 billion last year as companies invested in areas like coal mines and car factories to tap the country's vast natural resources and 240 million-strong consumer market.

The passage of a new law that will set a time limit for infrastructure projects to be completed and establish a legal process through which landowners and community members opposed to these projects can be heard has also opened up the sector to international investors. The lack of such a framework has previously led to long delays in building infrastructure, while buying land for the projects can take five years or more.

The Indonesian government is now drafting regulations required to implement the law to be approved by President Susilo Bambang Yudhoyono.

"There is [an] increasing interest from overseas funding in Indonesian infrastructure, supported by the recent investment-grade rating that helped increase investor confidence in the Indonesian economy," Mr. Riyanto said.

Mandiri Investasi itself has been active in seeking foreign capital. Last year the fund manager formed a partnership with Melbourne-based AFM Investment Partners to tap Australian institutional investors' appetite for investing in Indonesian stocks.

Mr. Riyanto said he expects Australian institutions--particularly pension funds in the country's 1.3 trillion Australian dollar ($1.33 trillion) superannuation industry--will have an appetite for its private-equity funds, given their traditional appetite for domestic infrastructure investments.

"So far, pension fund investors have shown interest in this project as we believe this investment can provide a higher return compared to deposits," he said.

Indonesia's president arrived in Australia Monday for a three-day trip designed to improve bilateral relations and increase their combined A$14.8 billion trade.

Write to Caroline Henshaw at caroline.henshaw@dowjones.com and Andreas Ismar at andreasismar.sandiwan@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK MANDIRI (PERSERO) TBK
02/09 RATING ACTION : Moody's revises outlook to positive from stable for eight Indone..
02/01 BANK CENTRAL ASIA TBK PT : Major banks expand to venture capital business
01/05 BANK MANDIRI PERSERO TBK PT : Collects Rp23tn of Tax Amnesty Repatriated Fund
2016 BANK MANDIRI PERSERO TBK PT : KAI receives Rp 1.2 trillion loan to improve coal ..
2016 BANK MANDIRI PERSERO TBK PT : disburses Rp1.2 trillion for double-track railway
2016 BANK MANDIRI PERSERO TBK PT : Mandiri Disburses Rp1.2tn Loan to KAI
2016 BANK MANDIRI PERSERO TBK PT : E-commerce hub to highlight cashback promo on Harb..
2016 BANK MANDIRI PERSERO TBK PT : Mandiri Prepares Rp11.5tn for Christmas, New Year
2016 Banks set moderate targets for 2017 as loan growth falls
2016 BANK CENTRAL ASIA TBK PT : Banks breathe easier from new reserve policy
More news
Sector news : Banks - NEC
11:13a Italian banks struggle to break free from soured debt cycle
10:12aDJLLOYDS BANKING : Reports Jump in Profit, Pumps Up Dividend -- Update
08:48aDJHSBC : Loss Grows To $4.23 Billion; Buybacks Boosted -- WSJ
08:48aDJWELLS FARGO : Fires 4 Senior Managers Over Sales Practices -- WSJ
08:45aDJLLOYDS BANKING : Reports Jump in Full-Year Profit, Pumps Up Dividend
More sector news : Banks - NEC
News from SeekingAlpha
02/14 PT Bank Mandiri Persero TBK ADR 2016 Q4 - Results - Earnings Call Slides
2015 GLOBAL X SOUTHEAST ASIA ETF : Un-Emerging Market
Advertisement
Financials ( IDR)
Sales 2017 78 058 B
EBIT 2017 37 145 B
Net income 2017 20 844 B
Debt 2017 -
Yield 2017 2,38%
P/E ratio 2017 12,38
P/E ratio 2018 10,42
Capi. / Sales 2017 3,30x
Capi. / Sales 2018 3,03x
Capitalization 257 565 000 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 11 139  IDR
Spread / Average Target -0,10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kartika Wirjoatmodjo President Director & Chief Financial Officer
Wimboh Santoso President Commissioner
Abdul Aziz Independent Commissioner
Askolani Commissioner
Aviliani Independent Commissioner
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BANK MANDIRI (PERSERO)..19 317
JPMORGAN CHASE & CO.5.47%325 658
WELLS FARGO & CO5.70%292 549
BANK OF AMERICA CORP12.13%249 104
INDUSTRIAL AND COMMRCL..5.90%240 046
CHINA CONSTRUCTION BAN..9.93%203 325
More Results