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...

Market & Corporate Actions

Foreign investors continued buying local stocks on Thursday (Mar 23) as they booked a net buy of Rp429.1 billion, bringing year-to-date net buy to Rp6.08 trillion. The composite index of the Indonesia Stock Exchange (IDX) gained 0.54% to close at 5,563 yesterday....

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...

Banking Updates

Some of the banks that suffered losses last year have reported positive earnings in January this year. The Central Bank (Bank Indonesia/BI) reported that national commercial banks booked a net profit of Rp10.54 trillion in January 2017, it grew by 8.3% from Rp9.73...

Barito Pacific & Star Energy Acquisition

After years of speculation, Barito Pacific (BRPT) has on March 21, 2017 signed a suplemental memorandum of understanding with Star Energy Investment Ltd (SEIL) and SE Holdings Limited for the acquisition of Star Energy Group Holdings Pte Ltd. This is a related party...

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...

Corporate Actions & Results

State-owned miner Aneka Tambang (ANTM) will build ferronickel plant in Halmahera Timur, to be constructed by consortium of state-owned construction firm Wijaya Karya (WIKA) and Kawasaki Heavy Industries Ltd. The construction will run in three stages. The first stage...

Coal Journal No. 13/2017: Petrosea & Darma Henwa

Thermal coal has been stabilizing around US$80 per ton in the past three months, supported by strong import by China, the world’s largest consumer, due to difficulties in restoring output at local mines. China Coal Energy Co Ltd, for example, saw its output declining...

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...
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