Category: Industries

Bottled Water Business: Results & Outlook (1)

Shares of newly listed bottled water producer Sariguna Primatirta (CLEO) ended lower by 3.3% to Rp464 yesterday as some investors realized gains. The stock has gained 181% from its IPO price of Rp165 few months back. CLEO is now valued nearly four times equity, significantly higher than ADES and ALTO, two other bottled water producers listed on Indonesia Stock Exchange (IDX).

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Chandra Asri & Its Outlook

PT Chandra Asri Petrochemical Tbk (TPIA), the largest petrochemical company in Indonesia, is slated to receive Rp5 trillion from the issuance of 279.74 million new shares at Rp18,000 per share. Barito Pacific (BRPT), Marigold Resources Pte Ltd, and Prajogo Pangestu as controlling shareholders decided to not participating, while SCG Chemicals Co Ltd (Thailand) exercise its rights.

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Improved Infrastructure & Tourism Industry

Soekarno-Hatta International Airport in Cengkareng, Banten province, the largest airport in the country, is slated to have advanced supporting infrastructure entering 2018. The first sky-train in the country, connecting Terminal 2 and 3 at the airport, has just entered trial operation this week, while the railway connecting the airport and city center will likely be operational year-end or early 2018.

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Invasion of Budget Smartphones

Sales revenue from cell phones at four companies listed on Indonesia Stock Exchange (IDX) declined in the first half of 2017, mainly due to 27.1% fall in sales revenue recorded by PT TiPhone Mobile Tbk (TELE), an affiliate of Telkom Group (TLKM). Samsung and Apple might continue to maintain their position in premium market, but invasion of Chinese brands has intensified.

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Major Banks & The Cashless Society

June 2017 was the 50th anniversary of the first automated teller machine (ATM), which was invented by John Shepherd-Barron. As the future is increasingly cashless, most believe cash has reached its final days. Might take sometime for Indonesia to have at least 35% non-cash like Australia (Singapore is the highest of 61%), but reports from major banks suggested a faster transition.

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Connectivity Outlook Improved, Investments? (2)

Pretty much as predicted some companies have submitted plans to develop new industrial estates in Central and East Java due to growing optimism in trans-Java toll road and other infrastructure projects. East Java provincial government has identified eight new industrial estates in Jombang, Banyuwangi, Tuban, Gresik, Lamongan, Bangkalan, Madiun, and Mojokerto.

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AMNT-Macmahon Deal Completed, Next?

AMC, subsidiary of PT Amman Mineral Nusa Tenggara (AMNT), has completed the acquisition of ASX-listed mining services company Macmahon. The Indonesian company, which owns Batu Hijau gold and copper mine in Sumbawa, West Nusa Tenggara, officially controls 44.3% shares of Macmahon, which has market capitalization of A$213.52 million as of Tuesday (Aug 8).

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Tsingshan’s Major Bet in Indonesia

Chinese giant Tsingshan Group is probably the most aggressive foreign investor in Indonesia. The group is known for multi billion dollar nickel-to-stainless steel complex in Morowali, Central Sulawesi province. While the government’s policy to resume export of low-grade nickel ores might have hurt its smelters in Sulawesi, Tsingshan continues its bet in Indonesia.

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PTPP & Bantaeng Refinery-Storage Project

Most major newspapers published articles about PT Perusahaan Pembangunan Tbk (PTPP) this morning under the title ‘PTPP Acquires Refinery for Rp7 Trillion’. This is not the right term, because the total investment value for the project itself is only Rp7.5 trillion, and that the refinery is not there yet.

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Infrastructure Journal No.28/2017: More Investors

A team from Regional Infrastructure Development Agency (BPIW) inspected supporting infrastructure of Labuan Bajo, one of 10 tourist destinations prioritized by Jokowi-Kalla administration, in Flores Island last week. The government currently builds 8.2 KM of access road to Komodo Airport, which will later on be connected to northern shore of trans-Flores road.

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