Day: March 28, 2017

Mitra Keluarga vs Siloam Hospitals

Siloam Hospitals (SILO) is among the best performing stocks with 28.4% gain year-to-date. Mitra Keluarga Hospital (MIKA), meanwhile, inched up 1.2% only. Mitra Keluarga, however, currently has market value of Rp37.8 trillion or nearly 11 x equity, while Siloam Hospitals has market value of Rp18.2 trillion or 5.8 x equity only.

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Gajah Tunggal: FY16 Results & Outlook

Tyre producer Gajah Tunggal (GJTL) booked net profit of Rp627 billion last year against loss of Rp313 billion in 2015 on improved margins. The Company, however, reported significantly weaker performance in the fourth quarter of 2016, when sales revenues inched up 1.3% only, while operating profit declined by 15.5%.

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Saratoga Enters Antangin (Deltomed)

On February 17, 2017, we published an article titled ‘Who’s entering Antangin (Deltomed)?’. In the article, we speculated on an investment company. Yesterday, Saratoga Investama Sedaya (SRTG), investment company controlled by tycoon Edwin Soeryadjaya, informed market participants that its subsidiary PT Saratoga Sentra Business (SSB) has acquired minority shareholding in PT Deltomed Laboratories, producer of Antangin JRG, a herbal remedy for the common cold, for Rp85.7 billion.

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Notification: Public Holiday

Dear Subscribers,

Today (March 28) is a public holiday as Indonesia celebrates Nyepi, the Day of Silence that marks the Balinese Hindu’s new year of Saka. Publication of Analysis stops for today. Business will resume as usual tomorrow, March 29. Thank you for your kind understanding. We apologize for any inconvenience this may cause.

Sincerely,

The Editors

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