Author: yosefardi.com

Matahari Dept Stores: Diminishing Returns?

Media outlets reported Wednesday (August 6) that JP Morgan Securities facilitated crossing of Matahari Department Stores (LPPF) shares worth Rp4.7 trillion at Rp14025 per share, a discount of 6.5% from current market price. It is not clear who were involved in the crossing. At Rp14025 per share, Matahari Dept Stores was valued Rp43 trillion.

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Growing Competition in Pay TV Market

MNC Sky Vision (MSKY), which claimed itself the largest player in pay TV market, booked net loss of Rp14 billion in the first half of 2014 against profit of Rp31 billion in the corresponding period of 2013. The network’s revenues grew only 8.7%, while gross profit collapsed 51%. Feel the heat of tougher competition in the market?

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Jokowi’s Inner Circle: The Transition Team Part III

Out of the five members of President-elect Joko “Jokowi” Widodo’s transition team, one name in particular brings a huge sigh of relief at the grassroot level. Anies Baswedan is an independent academic who joined the Democratic Party primary as a presidential hopeful. Though he lost the primary, Anies decided to join Jokowi’s camp, and was then named as the latter’s spokesperson.

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Central Java Power Plant Project: Business & Politics

Central Java governor Ganjar Pranowo, politician from PDI-P and main supporter of president elect Joko ‘Jokowi’ Widodo, is quoted by Detik.com today saying he offers new solution for the delayed 2×1000 MW coal-fired power plant developed by PT Bhimasena Power, a joint venture betweeen Adaro Energy (ADRO) and Japanese companies. The US$4 billion project is interesting in recent political dynamics in Indonesia, as a result of regional autonomy implemented since early 2000s.

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Market Focus: Corporate Actions

Other than the first presidential election dispute trial started this morning, which influence political dynamics going forward, investors might revisit corporate actions from some listed firms. In this report: Semen Indonesia, Surya Semesta Internusa, Indomobil Finance, Lippo Group, Aneka Tambang, ABM Investama, and MNC Kapital-ICB Financial Holdings.

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Live Report: Prabowo’s Challenge

Good morning, this is our first attempt at delivering “live” report for you on the field in this website. Today we’re covering the first Presidential Election Dispute Trial to be held at 9.30 AM. You may keep refreshing this article for time-stamped update. So you may keep this article open on one of your browser windows as we will begin posting at 9 AM live from the Constitutional Court. Stay tuned.

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Contract Renegotiation: Hutchison-Pelindo

The regime of Susilo Bambang Yudhoyono will end in less than 80 days. It is unlikely that the regime will make important decision on Mahakam Block, the largest gas producing block in Indonesia operated by Total (France), or Grasberg gold-copper mine of Freeport Indonesia. Hutchison Port, however, might have bagged a very sweet deal with state-owned port management company Pelindo II.

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Security Briefing: Rumors

We’ve been highlighting security concerns for the past few weeks as a general reminder that we still have to be cautious of violent opportunists taking advantage of Indonesia’s political transition. We’ve talked about ISIS and why there should be increased attention on the dissemination of their ideals in Indonesia. And it’s good to know that the government is closely monitoring ISIS and their supporters in Indonesia. But yesterday we received the following screencapture of an email alert circulating out there:

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Palm Oil Journal No.70/2014: How Low?

KPB Nusantara, the joint marketing office of state plantations, sold 11 out of 12 CPO packages (13,000 tons) auctioned off Tuesday (Aug 5) at Rp8815-8975/Kg (VAT 10% included). The benchmark October 2014 contracts of CPO on Bursa Malaysia Derivatives, meanwhile, settled further down to RM2258 per ton. The commodity has dropped almost 20% from its peak this year.

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New Mineral Export Policy (II)

Minister of finance Chatib Basri has issued Regulation No. 153/PMK.011/2014 on July 25, 2014 about mineral ore export tax to amend Regulation No 6/PMK.011/2014 about mineral ore export tax. The regulation is the third amendment to Regulation No 75/PMK.011/2012 about Export Tax.

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