Mar 7, 2012 | Commodities, Industries, News Group
NG Group is a growing player in coal industry here. The group claimed to have entered into joint ventures in South and East Kalimantan. This is one of business groups, which initially engaged in timber business with export market in Asia and Middle East countries....
Mar 5, 2012 | Agriculture, Industries, News Group
First quarter 2012 results of plantation companies were mixed. Some of them reported higher sales revenues, but most posted lower operating and net profit. It is understandable if we look at average prices of crude palm oil (CPO) in the period. The average spot month...
Mar 4, 2012 | Commodities, Industries, News Group
Samin Tan, controlling shareholder of Borneo Lumbung Energi & Metal (BORN), could have sit tight and enjoyed US$200 million of net profit last year. Samin, however, decided to take in US$1 billion loan for the partnership with Bakrie Group at Bumi Plc, Bumi...
Mar 2, 2012 | Industries, News Group
One businessman in plantation sector with powerful political network once said “please don’t put someone smart and brave at SOEs ministry. Else, our company will be kicked out of MSCI.” We were discussing consolidation of state plantations to match Sime Darby or...
Mar 2, 2012 | Agriculture, Industries, News Group
Salim Group and Japfa Group are two of the country’s largest players in food business. Salim is the largest producer of flour, noodles, and operator of the largest fried chicken network. Japfa Group, meanwhile, is the largest supplier of meat, including chicken and...
Mar 2, 2012 | Industries, Mining, News Group
Energi Mega Persada (ENRG) closed lower by 1% to Rp198 on Thursday (Feb 2nd). This is 25% below its peak last August, but a 72% gain since early October 2011. Acquisition of Offshore North West Java (ONWJ) block has also contributed to the gain. What’s next? How...
Mar 1, 2012 | Commodities, Industries, News Group
India is set to surpass China as the largest importer of steam coal this year, analysts predicted. China’s import is predicted to decline substantially. All eyes are now on India, not only the pace of coal-fired power plant projects in the country, but maneuvers...
Feb 24, 2012 | Commodities, Industries, News Group
Shares of Agritrade Resources Ltd surged 23.4% to HK$0.58 Friday (Feb 24) on the Hong Kong Stock Exchange related to new financing package for its coal production and sales in Indonesia. Still, the current price is 58% below its peak last year. At the current price,...
Feb 11, 2012 | Industries
Mulia Industrindo (MLIA), controlled by Mulia Group, one of the largest glass manufacturers in Indonesia. This company generated sales revenue of Rp3.36 trillion in nine months of 2012, substantially bigger than Asahimas Flat Glass (AMFG). Unfortunately that Mulia...
Feb 11, 2012 | Commodities, Industries, News Group
Harum Energy (HRUM) booked net profit of US$125 million in nine months of 2012, inched up from US$124.4 million in the corresponding period of 2011, mostly due to squeezed margins in the third quarter of 2012 related to falling thermal coal prices. How about Berau...
