Sawit Sumbermas vs Peers
PT Sawit Sumbermas Sarana (SSMS) Tbk is currently the most ‘valuable’ plantation stock on Indonesia Stock Exchange (IDX), valued twice of Astra Agro Lestari (AALI) and significantly higher than Dharma Satya (DSNG).
Read MoreAuthor: yosefardi.com
Itochu + Rukun Raharja in Gas Infrastructure
Japanese trading house Itochu Corporation has just subscribed 24381 B series shares of PT Triguna Internusa Pratama, which equals to 33% of the enlarged issued share capital of the company. The investment is small of Rp165 billion or about US$12.6 million. The joint venture, however, deserved attention for several reasons.
Read MoreStock to Watch: Mitra Keluarga Hospital
PT Mitra Keluarga Karyasehat (MIKA) Tbk, operator of Mitra Keluarga Hospital chain, kicks off trading of its shares on Indonesia Stock Exchange (IDX) Tuesday (March 24). Starting with market capitalization of Rp24.74 trillion, Mitra Keluarga becomes the fourth hospital operator listed on IDX after Mayapada, Omni, and Siloam.
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Indonesian Cement Market & Anhui Conch’s Serious Challenge
Anhui Conch is one of the world’s largest cement producer. Last year, the Company produced 219 million tons of cement, nearly three times of Indonesia’s total capacity. In Indonesia, Anhui Conch has only operated around 1 million tons of clinker production line in South Kalimantan. But, watchout its maneuvers.
Read MoreMarket Snapshots: Update Report on Economy
The composite index of the Indonesia Stock Exchange (IDX) ended down 0.1% at 5437 on Monday (March 23), reversing earlier gains as profit taking hit. Foreign investors booked net sell of Rp394 billion, cutting further their net buy to Rp6.95 trillion year to date. The rupiah was traded flat at Rp13,076 against the US dollar.
Read MoreSritex FY14 Results & The Textile Industry
Shares of textile giant PT Sri Rejeki Isman (SRIL) Tbk, otherwise popular as Sritex, advanced 3.72% this morning as investors responded positively the Company’s performance last year. The stock was heavily traded with almost half a billion shares exchanged hands in morning session.
Read MoreJokowi’s Inner Circle at Jasa Marga
Appointment of commissioners at state-owned companies has drawn criticism in the past few months. Starting with the appointment of Diaz Hendropriyono as commissioner of Telkomsel, the largest cellular operator subsidiary of state-owned PT Telkom Tbk, to the appointment of President Joko ‘Jokowi’ Widodo’s cousin as commissioner of Jasa Marga, the largest toll road operator.
Read MoreBRI’s New Board & The Politics
Shareholders of Bank Rakyat Indonesia (BBRI)—the second largest bank in Indonesia by total assets—have appointed new commissioners and directors. Some of them are interestingly linked to political parties from both the Great Indonesia ruling coalition (KIH) and the Red-and-White opposition group (KMP).
Read MoreChandra Asri’s FY14 & Indonesia’s Petrochemical Industry
PT Chandra Asri Petrochemical (TPIA) Tbk, Indonesia’s largest petrochemical company controlled by Barito Group (Prajogo Pangestu) and Siam Cement Group, booked net profit of US$18 million last year, jumped by 86% from 2013. Still, this represented net profit margin of 0.7% only and return on equity (ROE) of 2.1%.
Read MoreSecurity Briefing: Police Arrested Self-Proclaimed ISIS Financier
The head of the hard-line group Islamic Reform Movement (Garis) Chep Hermawan made a revelatory statement last week. He claimed that he’s the financiers behind Indonesians joining the State of Iraq and Syria (ISIS). The Indonesian National Police (POLRI), however, believe that Chep was lying and that he had simply sought to create a media sensation. POLRI said that they had investigated Chep and found no proof supporting his claim.
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