Author: yosefardi.com

Prabowo’s Coalition Breaking Apart?

Congratulatory statements have been flowing in for president elect Joko “Jokowi” Widodo and vice president elect Jusuf Kalla from dignitaries worldwide. It’s a sign that the world has officially recognized the legitimacy Jokowi-Kalla’s victory. But the most important recognition for Jokowi-Kalla at the moment ought to be the ones close to home.

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Market Focus: First Half Results

As politics enter a cooling down period, market participants can now focus on first half results of companies. Composite index of Indonesia Stock Exchange (IDX) advanced only 0.19% this morning, weighed by correction in property and construction sector. Companies in this report: AKR Corporindo, Timah, Elnusa, Samindo Resources, Hexindo Adiperkasa, etc.

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First Half 2014 Results: Construction Firms

State-owned construction firm PT Pembangunan Perumahan (PTPP) Tbk is among the best performers on Indonesia Stock Exchange (IDX) so far this year with 104% gain. The company’s first half 2014 financial performance, however, was far from convincing with net profit growth of 2.2% only. With annualized ROE of less than 15%, the stock is traded with PE multiple almost 40?

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Photo Journal: The Volunteers Celebrate

Internal divisions in Joko “Jokowi” Widodo’s party the Indonesian Democratic Party of Struggle (PDI-P) resulted in haphazard, last-minute support for Jokowi during the presidential campaign period. PDI-P’s political machination failed to do what they were supposed to do. But Jokowi won the presidential race anyway. The key to his victory was the incredibly devoted support of his millions of volunteers all over Indonesia. Yesterday afternoon was the time for the volunteers to celebrate.

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Palm Oil Journal No.67/2014: AALI & DSNG

Astra Agro Lestari (AALI) ended flat at Rp26000 Wednesday (July 23) despite the company’s strong performance in the first half of 2014—where it posted 91% jump in net profit to Rp1.37 trillion, because of further corrections in crude palm oil (CPO). Dharma Satya Nusantara (DSNG), meanwhile, advanced 1.61% to Rp3150, making it one of the best performer on IDX this year with almost 58% gain.

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First Half 2014 Results: PWON, TLKM, and TCID

Property developer Pakuwon Jati (PWON) booked net profit of Rp906 billion in the first half of 2014, jumped by 36.1% from the corresponding period of 2013 on strong sales revenue growth and improved margins. Telco giant PT Telkom (TLKM) Tbk, meanwhile, posted net profit of Rp7.4 trillion in the period, inched up 2.5% from the same period of 2013.

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New Army Chief of Staff: Why now?

The appointment of a new Army Chief of Staff isn’t really the story. The story is the dismissal of the Army Chief of Staff General Budiman. It became such a story because of the rumors that the General displeased President SBY for allegedly having mentioned the president’s administration as a “sinking ship”. There are other theories

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New Army Chief of Staff: Gatot Nurmantyo

President Susilo Bambang Yudhoyono has just appointed Lt. Gen. Gatot Nurmantyo as the new Army Chief of Staff (KSAD) to replace General Budiman. The latter will enter into his mandatory retirement age on September 25, 2014. Rumors have been swirling around in line with Budiman’s dismissal and Gatot’s promotion. So, who is Gatot Nurmantyo?

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Market Focus: First Half Results

The presidential election is pretty much over with KPU’s decision to declare Joko ‘Jokowi’ Widodo as president for 2014-2019. Composite index of Indonesia Stock Exchange (IDX) gained 1.05% this morning to recover yesterday’s losses following a decision from Prabowo to quit the race, which triggered security concerns. Investors can now return to fundamentals of companies, including their first half performance.

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