Improved Indicators?

Indonesian Automotive Industry Association (Gaikindo) was upbeat with sales of cars in the first two months of 2017, which grew 5.8% from the corresponding period of 2016. Time will tell as to whether this year’s sales would beat the association’s growth projection of...

FY16 Results: Fast Food Indonesia

PT Fast Food Indonesia (FAST) Tbk, operator of Kentucky Fried Chicken outlets, booked net profit of Rp173 billion last year, jumped 64% from 2015. The Company was more aggressive last year with 32% increase in acquisition of fixed assets to grow its outlets. As shown...

FY16 Results: Indofood Group & Ultrajaya

Indofood Sukses Makmur (INDF), the largest food company in Indonesia, booked net profit of Rp4.14 trillion last year, jumped by almost 40% from 2015, but mostly due to substantial decline in finance costs. The group’s sales revenues grew only 4.2% last year with even...

Tower Bersama (TBIG) vs Sarana Menara (TOWR)

PT Tower Bersama Infrastructure (TBIG) Tbk, co-owned by Saratoga Group and Provident Group, reported 8.5% growth in sales revenues to Rp3.7 trillion last year, thanks to double digit growth from Telkomsel, subsidiary of state-owned PT Telkom Tbk (TLKM). TBIG’s growth...

Trans-Sumatra Toll Project: Two Years On

President Joko ‘Jokowi’ Widodo kicked off development of trans-Sumatra toll road program about two years ago with the construction of the long 141-KM Bakauheni-Terbanggi Besar turnpike. Progress was pretty slow in the beginning with construction progress of 1.2% by...

Infrastructure Journal No. 11/2017

Physical construction of 10 low-cost apartment towers in Kemayoran, Jakarta, which will also be used as dormitory for athletes participating in next year’s Asian Games in Jakarta and Palembang has reached 66% as of this week. The apartments (7,428 units) will be...

Saving Flag Carrier Garuda

Flag carrier Garuda Indonesia (GIAA) booked net profit of US$8.1 million last year, crashed by 88% from 2015 due to a combination of factors, including the airline’s reluctance to streamlining operations and revamp the fleet management. Garuda failed to benefit from...

FY16 Results: Mandom & Latinusa

Shares of Latinusa (NIKL), market leader for tinplates in Indonesia, advanced further this morning to make it one of the most expensive stocks on Indonesia Stock Exchange (IDX). Shares of Mandom Indonesia (TCID), key player in personal care market, meanwhile, were...

Ceramic Industry: Different Tales

Tough market has forced ceramic producer PT Intikeramik Alamasri Industri Tbk (IKAI) to suspend its production. Lyman Group, meanwhile, has recently expanded production capacity with US$70 million of investment. Arwana Citramulia (ARNA), another ceramic producer...

Mayora Indah (MYOR): FY16 Results & Outlook

Food processor Mayora Indah (MYOR) booked net profit of Rp1.36 trillion last year, an increase of 11.1% from 2015, thanks to strong performance in the fourth quarter. Mayora, which is among companies aggressively expanded production facilities and grow export market,...
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