Shares of Bank Rakyat Indonesia (BRI), one of the leading commercial banks in Indonesia, have fallen around 21 percent so far in 2018. Considering the recent capital outflows from Indonesia amid the high degree of uncertainty in global financial markets, it makes sense that shares of BRI are hit hard. After all, it is one of the blue chip stocks that is likened by foreign investors. However, a rumor - that says BRI wants to acquire a stake in Bank Muamalat Indonesia - may add pressures on BRI shares.

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Astra International, one of the largest diversified conglomerates in Indonesia, has always been one of investors' favorite blue chip stocks. Although the automotive sector contributes around half to the company's total revenue, Astra International is usually regarded the barometer of the Indonesian economy because the company is engaged in most key sectors of the economy. Thus, if the company is doing well, so is the Indonesian economy.

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Indonesia's Transportation Ministry is optimistic that the construction of the Patimban Seaport in Subang (West Java) can commence in June 2018 after the Idul Fitri celebrations have completed. Meanwhile, the port operator tender is scheduled to be opened in July 2018. The USD $3.1 billion Patimban seaport is envisaged to become a key international seaport in Indonesia with a 7.5 million twenty-foot equivalent units (TEU) capacity.

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Indonesia-based shipbuilding company Steadfast Marine plans to sell 350 million new shares in an initial public offering (IPO) on the Indonesia Stock Exchange. This amount would equal 35.28 percent of the company's total paid-up capital. The new shares are planned to be offered in the range of IDR 110 - 120 a piece, hence the company would raise a maximum of IDR 42 billion (approx. USD $3 million) through the corporate move. Jasa Utama Capital is appointed as underwriter.

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