Author: yosefardi.com

Market Snapshots & Corporate Actions

Stock markets in the region started 2014 with substantial corrections. This morning, Nikkei 225 and Shanghai composite declined further by 2.21% and 1.3% respectively, while All Ordinaries slipped 0.25%. Corporate actions to watch: Sido Muncul, Panorama Sentrawisata, Bumi Resources, Semen Baturaja, and Kimia Farma.

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2014 Challenges: Security

At New Year’s Eve, when most of Jakarta was in a celebratory mode, the residents of Kampung Sawah, Ciputat, a district in the Province of Banten, had to put aside their fireworks and contend with hours of pops and bangs of an entirely different sort. The Indonesian National Police’s counter terrorism unit known as Detachment 88 (or Densus 88) killed six suspected terrorists in a gun battle that lasted from late night to dawn. It’s a keen reminder that there are still Indonesian terror cells at large, planning their next move.

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Who Will Eventually Build Caprolactam Plant Here?

Plastic News reported last August that Asahi Kasei Chemicals Corp becomes the first company to produce nylon 6/6 compounds locally in Indonesia. Asahi Kasei produces compounds for automotive applications, particularly glass reinforced grades, to tap the growing automotive market in the country. The question, of course, who will become the first to produce caprolactam, main raw material for nylon?

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Smelter Projects: Where are We? (4)

The government of Indonesia insisted to implement export ban on mineral ores by January 12, 2014 pursuant to Law No 4/2009. Companies (miners), which have yet to do processing and refining, will not be allowed to export mineral ores, while those having processing and refining facilities, will be regulated by a new government regulation (PP). The PP will be issued before January 12, 2014.

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Restaurateur: Arief Wirawangsadita

In less than 10 years, Arief S Wirawangsadita managed to open more than 60 outlets of Bumbu Desa restaurants in Indonesia and provide jobs for more than 4,000 people. The restaurant, which mainly serves Sundanese cuisine, managed to grow beyond West Java. How many of them actually owned by Arief and franchise holders?

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Palm Oil Players to Watch: Makin Group

Three years ago, Matahari Kahuripan Indonesia (Makin Group), controlled by Susilo Wonowodijojo (one of shareholders of Gudang Garam, second largest cigarette player), reportedly had around 130,000 hectares of planted area. Back then, the group only produced around 850,000 tons of fresh fruit bunch (FFB) or around 170,000 tons of crude palm oil (CPO). What’s happened in the past three years?

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Feed Mill Expansion Projects

Animal feed industry continues to attract new players as existing players reported substantially high return on equity. Malindo Feedmill, for example, reported annualized ROE of 37% in nine months of 2013, while Charoen Pokphand...

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