Author: yosefardi.com

The Growing Manufacturing Investment

PT Synthetic Rubber Indonesia, a joint venture between Michelin (France) and Chandra Asri Petrochemical (TPIA), is scheduled to start commercial operation of the US$570 million styrene butadiene rubber (SBR) plant in Cilegon, Banten province next quarter. As of late September 2017, construction progress reached 93.5%.

Read More

Expected Growth Acceleration

Finance Minister Sri Mulyani Indrawati targets the economy to grow by 5.3% in the fourth quarter (Q4) of this year, which would bring the growth figure for the whole year of 2017 to 5.1-5.17%. She said that the Government could maintain the stability of prices and the public’s purchasing power, thus expecting the economy to accelerate its growth in Q4.

Read More

2018 Gubernatorial Elections: East Java Update

Saefullah Yusuf (otherwise known as Gus Ipul) and Khofifah Indar Parawansa are still the only two governor candidates competing in East Java 2018. Gus Ipul has already secured a ticket with the backing of PKB and PDIP. His chosen running mate is the Regent of Banyuwangi Abdullah Azwar Anas. Khofifah, meanwhile, has the endorsement of Nasdem, Golkar, PPP, Hanura and the Democratic Party. Khofifah is yet to choose a running mate. Whereas Gerindra, PKS, and PAN (the three parties left) have not yet decided on who to endorse. This is the latest on East Java 2018.

Read More

Harvesting Time: Java Toll Roads

Financials of toll road developers and operators are slated to improve significantly next year with commercial operation of new toll roads, especially those in the populated areas of Java Island. Citra Marga Nusaphala Persada (CMNP), for example, will soon harvesting from Soreang-Pasir Koja toll road in Bandung, West Java.

Read More

Market Snapshots & Corporate Actions

Foreign investors intensified selling in local stocks on Friday (Nov. 10) amid the corrections of global and regional markets. They booked a net sell of Rp1.21 trillion on Friday, bringing year-to-date net sell to Rp25 trillion. Trading, however, was volatile. The composite index of the Indonesia Stock Exchange (IDX) was dragged down into negative territory in the morning trade, but it rebounded in mid afternoon session, though falling again at market close. IDX closed lower 0.34% at 6,022 on Friday.

Read More

Revisiting BFI Finance

Consumer finance and leasing company PT BFI Finance Indonesia Tbk (BFIN) is among the best performing stocks with 100% gain year-to-date. It is also one of the most profitable companies in the industry with net profit of Rp842 billion in the first nine months of 2017, surged by 52% from the corresponding period last year.

Read More
error: Content is protected !!