HALISTER1: SE Asian Stocks to Watch: Adaro Energy, Berjaya Land, Sri Trang

SE Asian Stocks to Watch: Adaro Energy, Berjaya Land, Sri Trang

(Bloomberg) -- MSCI South East Asia Index rose 1.2% yesterday, is up 8.3% this year. 21 stocks trade ex-div., for full list click here. Indonesia
  • Indonesia’s Top Fund Likes Bonds More Than Stocks on Tax Amnesty
  • Adaro Energy (ADRO IJ): To buy BHP’s stake in joint coal operation for $120m
Malaysia
  • Berjaya Land (BL MK): Sells 9m shrs in Berjaya Sports Toto at avg. price of 2.86 rgt each
  • DRB (DRB MK): Says Proton unit completed issuance of preferred shares to Govco.
  • Mercury Industries (MER MK): Gets 9.8m-ringgit contract
Philippines
  • Goldman Sachs Comes Out Bullish on a Strong-Willed Duterte
    • As Duterte Woos China, Casino Tycoon Gives Thumbs Up
  • Overseas Investors Bought Net 2.4b Pesos ($53.1m) of Philippine Stocks Yesterday
  • PNB (PNB PM): Sells PNB Life Insurance stake to Allianz for $66m
Singapore
  • Aspial (ASP): Completes purchase of shares in AF Global (AFG SP)
  • Mermaid Maritime (MMT SP): Wins six subsea contracts with an estimated aggregate contract value of $15 million
  • T T J Holdings (TTJ SP): 3Q net income S$13.6m y/y vs S$1.9m y/y
Thailand
  • Sri Trang (STA TB), Thai Rubber (TRUBB TB): ANRPC sees weak rubber demand
Vietnam
  • Vietnam to Accelerate Bad-Debt Cleanup With First Cash Purchase
  • Vingroup (VIC VN): Cut to neutral from outperform at Credit Suisse
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Source: BFW (Bloomberg First Word)

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