Shares of Bakrie Group remain target of speculations. On Friday (Feb 10), most of the shares retreated as some ‘took profit’. In this issue, we focus on Bakrie Sumatra Plantations (UNSP), which had only gained 50% from its bottom. The stock is now valued 0.3 x equity, way below its peers (mainly above equity).
Read MorePresident Joko ‘Jokowi’ Widodo inspected two units of Ro-Ro ships with 500 GT capacity each in Yos Sudarso Port, Maluku province yesterday. They are part of the president’s vision of the so-called maritime highway, wherein 100 ships and seven routes will be added into the program this year.
Read MoreReference price of Indonesia thermal coal for February 2017 is set at US$83.32 per ton, down slightly from US$86.23 in January, but jumped almost 64% year-on-year. Output from major coal producing countries, including Indonesia, remains key factor to watch in the short-medium term.
Read MoreConstitutional Court (MK) Justice Patrialis Akbar was arrested for allegedly receiving bribes in connection to the deliberation of the Judicial Review (JR) on Law No. 41/2014. But despite the on-going investigation into Patrialis’ bribery, the MK moved ahead and published their decision on said JR on February 7, 2017. The Constitutional Court’s Assembly decided to partially grant the petition filed by the JR applicants.
Read MoreGlobal markets regained on Thursday and Asian shares were close to 18-month highs today (Friday), tracking a rally on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. Reuters reported Wall Street’s three main indices notched record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks, though he offered no details.
Read MoreThe incumbent Governor of Jakarta Basuki “Ahok” Tjahaja Purnama has been non-active ever since the start of the campaign season. He’s due to return to office this coming February 11. The problem is that Ahok is currently facing a blasphemy trial, and for that the Ministry of Home Affairs could decide to yet again declare the Governor non-active for the purpose of facing the law. Some politicians have asked the Ministry to do just that, but the Ministry has not yet decided on the matter. They’re still in deliberation. So in the mean time, let us ask the Ministry to consider this: there are regional leaders who are still working even though they’re standing trial for graft. On one particular case, a regional leader was even sworn in in prison. In that context, the Ministry of Home Affairs might want to be extra careful.
Read MoreState-owned oil and gas firm Pertamina reported unaudited net profit of US$3.14 billion in 2016, a 121% jump from Rp1.42 billion in 2015, supported by better operating performance and cost efficiency. Pertamina’s revenue, however, declined 14.3% to US$36.45 billion from US$41.76 billion previously.
Read MoreThe research section of Kompas (Litbang Kompas), the biggest newspaper in the country, released their most recent Jakarta gubernatorial race polling result yesterday (Feb. 9), according to which the incumbent pair Ahok-Djarot sits at the top with 36.2% electability. The pair Anies-Sandi is in the second position with electability of 28.5%. The pair Agus-Sylvi is at the bottom with 28.2% electability. Assuming that this polling is reliable, let’s talk possibilities.
Read MoreFormer President and chairman of the Democratic Party Susilo Bambang Yudhoyono (SBY), as we all know, has been actively campaigning for his son, Agus Harimurti Yudhoyono, to win Jakarta’s 2017 gubernatorial race. The problem is that SBY himself failed to stop the Democratic Party’s votes from declining back in 2014. This is why some wonder whether SBY’s help is indeed helpful for Agus.
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