Category: Profiles

Major Business Groups So Far (5)

With the exception of property giant Lippo Karawaci (LPKR), other companies of Lippo Group have released their financial statement for the period ended Sept 30, 2019. Siloam Hospital (SILO), for example, booked net profit of Rp42.88 billion, skyrocketed from around Rp3 billion only in the first nine months of 2018.

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Revisiting Sariaatmadja’s Emtek

Elang Mahkota Teknologi (EMTK), controlled by Eddy Sariaatmadja, once tried to become a conglomerate with diversified businesses. Looks like, however, that Emtek has given up some businesses to focus in media and ICT (including digital economy). The first to let go is the pay TV business, which failed to survive in the highly competitive industry.

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Major Business Groups So Far (4)

Sinarmas Multiartha (SMMA), sub-holding of Sinarmas Group for financial sector, is currently the largest company within the group based on market capitalization. SMMA, which is parent of Bank Sinarmas, has market cap of Rp82.78 trillion or 3.6 x equity as at September 30, 2019 (Rp23.09 trillion).

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Major Business Groups So Far (3)

Bakrie & Brothers (BNBR) reported strong performance in the first nine months of 2019 with net profit of Rp342 billion against loss of Rp1.23 trillion in the corresponding period last year, thanks to improved sales revenues and margins. BNBR, however, only has a market capitalization of Rp1.04 trillion or 0.3 x equity as at Sept 30, 2019.

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Major Business Groups So Far (2)

MNC Investama (BHIT), holding company of MNC Group (Hary Tanoesoedibjo) booked net profit of Rp351.26 billion in the first nine months of 2019 against loss of Rp549.28 billion in the corresponding period of 2018. The company, however, has market capitalization of Rp4.9 trillion or 0.2 x equity as at Sept 30 (Rp30.99 trillion).

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Major Business Groups So Far (1)

Djarum Group, controlled by the Hartonos, is in good shape with Bank Central Asia (BBCA) reporting net profit of Rp20.92 trillion in the first nine months of 2019, an increase of 13% from the corresponding period last year. The Hartonos should be cash-rich because BCA paid out cash dividend of Rp6.29 trillion in Jan-Sep 2019, jumped by nearly 46% from the corresponding period last year.

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Influencers of the New Cabinet (2)

Luhut Binsar Pandjaitan admitted he was about to pack his things when the State Palace asked him to meet President Joko ‘Jokowi’ Widodo ahead of the announcement of new cabinet. He thought that Jokowi would move him to other portfolio in the cabinet. Turned out that Jokowi not only maintaining the retired general in his post, but adding his authority.

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Joesoef Family & Konimex

Yohana Theodora Juniati (Sie Yauw Nio), wife of Djoenaedi Joesoef (Djoe Djioe Liang), passed away October 2nd, 2019. Djoenaedi is founder of Konimex, one of the largest pharmaceutical players in the country, which is famous with OTC brands like Paramex, Konidin, and Inza. Yohana leaves behind four children and eleven grandchildren.

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Aziz Syamsuddin

He’s known for being easy to get along with people. This is why journalists found it easy to contact him. He was under the spotlight when a video of him, Aburizal Bakrie, and two young female celebrities (Marcella Zalianty and Olivia Zalianty) vacationing in Maldives was leaked on March 21, 2014 on YouTube.

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Bambang Soesatyo

Bamsoet is known for his extravagant lifestyle. We can easily find him posing with luxurious cars and vacationing abroad with his family using private jet on his Instagram account @bambang.soesatyo. Perhaps, this is why for some, he may appears arrogant.

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The troubled companies (1)

Bank Bukopin issued an interesting warning in newspapers this morning, demanding 23 companies to immediately settle their payments within seven days. One of the companies is known  for Rp300 billion loan facilities secured seven years ago to build an apartment in Daan Mogot, West Jakarta.

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Puan Maharani

Puan appears to be a calm figure outside, but she’s actually not afraid of confrontation. The Jakarta Post observed the relationship dynamics between Puan and President Joko “Jokowi” Widodo back in 2014. According to the Jakarta Post there was infighting a few hours after the quick-count results of the 2014 legislative election. Jokowi, the Post wrote, was “disappointed” with PDIP’s performance.

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