Timah (TINS): FY16 Results & Outlook

Shares of PT Timah Tbk (TINS), one of the world’s largest tin producers, ended higher by 3.13% to Rp990 Tuesday (Feb 28) as investors better performance of the Company this year. Stronger results in the fourth quarter lifted Timah’s net profit by almost 150% to...

CPO: How Low Will You Go?

The benchmark May 2017 contracts of crude palm oil (CPO) opened lower by RM9 to RM2745 per ton on the Bursa Malaysia Derivatives this morning. The commodity has lost more than 15% from its recent peak due to projected higher production in Malaysia and Indonesia this...

Update on the PKPU of Humpuss Pengolahan Minyak

PT Niman Internusa’s Suspension of Debts Payment (PKPU) lawsuit against their debtor PT Humpuss Pengolahan Minyak (HPM), a subsidiary of PT Humpuss belonging to Hutomo Mandala Putra, was granted by the Panel of Judges of the Commercial Court at the Central...

Prabowo, Jakarta Election, and His 2019 Ambition

Back in Feb. 5, 2017, Lt. Gen. (ret) Prabowo Subianto, the chairman of Gerindra Party, told his supporters to work hard on helping Anies Baswedan and Sandiaga Uno win Jakarta’s 2017 gubernatorial race, especially if they want him to become the President of the...

SBY and Prabowo to Meet

Lt. Gen. (ret) Prabowo Subianto, the chairman of the Gerindra Party, has been seen in a number of recent political events with the intention of helping the pair his Party endorses in the Jakarta gubernatorial race: Anies Baswedan and Sandiaga Uno. The most recent...

Banking Update: Lending Growth

The Financial Services Authority (OJK) predicts that the banks’ lending would grow by 8.5% in the first quarter of this year, and later to double-digit in the second quarter. The growth of non-performing loan (NPL) in the previous quarter had prompted the...

OC Kaligis Fights for Reconsideration

Five months have passed since the Supreme Court decided to decline the Cassation filed by Otto Cornelis (OC) Kaligis, the senior lawyer who’s found guilty of bribing three judges and a registrar of the Medan State Administrative Court (PTUN Medan). Kaligis filed...

Jokowi, Papua & Freeport (2)

Minister of energy and mineral resources Ignasius Jonan met leaders of Papua in Jakarta Monday (Feb 27) to discuss various issues surrounding PT Freeport Indonesia. Mimika Regent Eltinus Omaleng revealed that Jonan promised portion of shares in PT Freeport Indonesia...

Market Snapshots & Corporate Actions

Foreign investors continued selling local stocks on Monday (Feb 27) following global and regional markets sentiment. Global investors are now waiting for U.S. president Donald Trump’s policy speech for the Congress. At home, the composite index of the Indonesia...

Turning Indomobil Around?

Indomobil (IMAS), controlled by Salim Group, used to be the second largest automotive player in Indonesia behind Astra International (ASII). In recent years, however, Indomobil lost ground to other groups, including Honda and Mitsubishi-Nissan. Last year, the...
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