Bakrie Sumatra Plantation’s Reverse Stock Split

The benchmark crude palm oil (CPO) futures contrac tor May 2017 jumped RM64 to RM2816 per ton Wednesday (March 15), but shares of Bakrie Sumatra Plantations (UNSP) collapsed 20.4% on the first trading day of its new shares from the reverse stock split (RSS) program....

Key Takeaways from February 2017 Trade Data

Indonesia booked trade surplus of US$1.32 billion in February 2017, an increase 16.1% year-on-year, thanks to 11.2% growth in export, while import increased by 10.6%. Higher average price of key commodities contributed to export growth, while higher price of crude and...

Anies-Sandi, Hardline Groups, and Tommy Soeharto

Anies Baswedan and his running mate Sandiaga Uno (Anies-Sandi) do not seem troubled with the perception that they’re cosy with hardline Muslim groups and Hutomo Mandala Putra a.k.a. Tommy Soeharto, the youngest son of the late President Soeharto. Tommy,...

On the Revision of Permenhub No. 32/2016

On May 2016, the Ministry of Transportation issued a Minister Regulation (Permenhub) No. 32/2016 that regulates the management of transportation not registered on any routes. This regulation was the answer to the cry for the legal basis for mobile-application-based...

Update on LuLu Group’s Tax Case

The trial of Rajesh “Mohan” Rajamohanan Nair, the managing director of a subsidiary of Lulu Group International PT EK Prima Ekspor (EKP) continues. In the hearing held on March 13, 2017, the court heard testimonies of several parties, including the Director General of...

Cement Market in February

After a weak start, cement sales picked up slightly by 0.5% year-on-year in February, lifted by stronger performance in Java market, but relatively weaker outside Java. Semen Indonesia (SMGR) was a winner in the month with 6% growth in domestic sales to 1.92 million...

Revisiting Indocement

Cement producer Indocement Tunggal Prakarsa (INTP), the second largest market leader in the country, continues to show a declining trend in market share, from 32% in 2012 to 26% in 2016. Aggressive entry of new players have affected the cut in market shares for...

Selection of OJK Commissioners: Fourth Round Result

The committee tasked with selecting the new commissioners for the Financial Services Authority (OJK) has announced the list of 21 candidates and forwarded it to President Joko “Jokowi” Widodo. The President will later choose 14 from the 21 candidates, whose names will...

Market Snapshots & Corporate Actions

Foreign investors continued buying local stocks on Tuesday (Mar 14) as they booked net buy of Rp457 billion, cutting their year-to-date net sell to Rp270.4 billion only. But some investors, mainly domestic players, opted to take profit in certain stocks while waiting...

Indosat: FY16 Results & Outlook

Indosat (ISAT), the second largest telecommunications operator, booked net profit of Rp1.1 trillion last year against loss of Rp1.31 trillion in 2015, supported by strong sales revenue growth of 9% and improved margins. Sales revenues softened in the fourth quarter,...
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