King Salman & Jakarta Election Runoff

The King of Saudi Arabia Salman bin Abdul Aziz landed at the Halim Perdanakusumah Airport on Wednesday (Mar. 1) for his nine-day visit in Indonesia. President Joko “Jokowi” Widodo and Jakarta Governor Basuki “Ahok” Tjahaja Purnama were among those who welcomed the...

HERO, JPFA and Other Results

Retailer Hero Supermarket (HERO) booked net profit of Rp120 billion in 2016, against loss of Rp144 billion in 2015, supported by the 34% growth in other income. The Company booked other income of Rp240 billion last year, compared to Rp179 billion in 2015. While its...

Revisiting the DPRD Bribery Case in North Sumatera

The disgraced Governor of North Sumatera Gatot Pujo Nugroho, as we all know, is involved in four different cases of corruption, one of which is the bribery of the members of the North Sumatera Representatives Council (DPRD). The Corruption Eradication Commission (KPK)...

The Need for A New Justice

After the resignation of Patrialis Akbar, the Constitutional Court is in need of one more Justice. It is all the more unfortunate that Patrialis was caught for bribery just before the simultaneous regional elections. The need for a new Justice to join the ranks has...

Corporate Results & Data

United Tractors (UNTR) started 2017 with strong performance in sales of construction machinery, coal production, and coal sales in January 2017. Delta Dunia Makmur (DOID) also reported 25% increase in coal production, but overburden removal grew significantly faster....

Red Market & Accelerated Inflation

Investors opted to sell local stocks on Wednesday (Mar 1) as the market sentiment was undermined by the inflation data for February. The rupiah also weakened further to Rp13,361 against the U.S. dollar. The composite index of the Indonesia Stock Exchange (IDX) fell...

7 Eleven: Another Victim of Retail Competition

Hero Supermarket (HERO) booked net profit of Rp120.6 billion last year, an improvement compared to 2015 when it posted net loss of Rp144 billion. The profit, however, represents margin of 0.88% only. HERO has earlier been forced to leave smaller retail format...

Sinarmas Group in 2016 (2): GEMS & GEAR

PT Golden Energy Mines (GEMS) Tbk, coal mining subsidiary of Sinarmas Group, booked net profit of US$34.45 million last year, skyrocketed from US$2 million only in 2015, thanks to significant improvement in the fourth quarter. Strange, however, that sales revenues...

Aneka Tambang (ANTM): FY16 Results & Outlook

State miner Aneka Tambang (ANTM) booked net profit of Rp65 billion last year against loss of Rp1.44 trillion in 2015. The Company’s performance improved significantly in the fourth quarter, thanks to higher prices of nickel. Still, with earning per share of Rp3 only,...
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