Category: Profiles

New Renewable Energy Players: Who’s Who (1)

State-owned electricity provider PT Perusahaan Listrik Negara (PLN) and ministry of energy & mineral resources have on Monday engaged three groups linked to French companies in the development of wind farm and solar power plants with combined investments of US$336.9 million. Who are they?

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The Businesses of Jokowi’s Children (2)

Instagram account of Chilli Pari, a catering service owned by Gibran Rakabuming Raka, eldest son of President Joko ‘Jokowi’ Widodo, posted the inauguration of new outlet of Markobar stuffed pancake at Transmart Solo, Central Java last week. Chairul Tanjung, owner of TransCorp, and his wife were seen in the picture with Gibran.

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The Businesses of Jokowi’s Children (1)

Kaesang Pangarep, the youngest son of President Joko ‘Jokowi’ Widodo, has just opened the first outlet of his Sang Pisang banana nugget at the food court of ITC Cempaka Mas Saturday (Dec 9). Kaesang, the most popular among siblings, followed his brother Gibran in food business, popular with Chilli Pari catering services and stuffed pancake Markobar.

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IFC & Its Indonesian Investments/Projects

Wintermar Offshore (WINS), an offshore logistic provider, is among the best performing stocks with 53% gain year-to-date. At the last quoted price of Rp336, however, the stock is still way below the price paid by International Finance Corporation (IFC) three years ago.

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Revisiting Bumi Resources

Bumi Resources (BUMI), the largest coal group in Indonesia, booked net profit of US$263.8 million in Jan-Sep 2017, skyrocketed 261% from the corresponding period last year due to stronger performance of coal producing subsidiaries PT Kaltim Prima Coal, PT Arutmin Indonesia, and PT Darma Henwa Tbk (DEWA), falling interest charges, write-off of tax, and settlement on debt restructuring.

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Revisiting BFI Finance

Consumer finance and leasing company PT BFI Finance Indonesia Tbk (BFIN) is among the best performing stocks with 100% gain year-to-date. It is also one of the most profitable companies in the industry with net profit of Rp842 billion in the first nine months of 2017, surged by 52% from the corresponding period last year.

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Those Continue to Expand: Pupuk Kaltim

PT Pupuk Kalimantan Timur (Pupuk Kaltim), a subsidiary of state-owned fertilizer holding company PT Pupuk Indonesia, is among the most profitable companies in Indonesia. Like other state companies, Pupuk Kaltim continues to expand its production capacity for ammonia, urea, and compound fertilizers. In 2015-2016, the Company invested nearly Rp2 trillion of its cash in investing activities, mostly to procure new factories.

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Salim Group & The Future of META (4)

Metro Pacific Investments Corp (MPIC), a company co-owned by Salim Group, has finally confirmed our earlier reports about acquisition of 47.08% shares in PT Nusantara Infrastructure Tbk (META) for US$132 million. The Philippines media quoted Rodrigo E Franco, CEO of MTPC, saying the acquisition will support the current management in its future growth.

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IPO to Watch: Panca Budi

Plastic producer PT Panca Budi Idaman Tbk has kicked off initial public offering (IPO) of 738.8 million shares, proceeds of which will mostly be used to expand production capacity of factories. PT Bahana Sekuritas, PT BCA Sekuritas, and PT CIMB Sekuritas Indonesia are underwriters of the IPO.

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Property Player to Watch: Roda Vivatex

Used to be one of pioneers of textile industry in Indonesia, Roda Vivatex (RDTX) has expanded its property business after leaving textile business three years ago. RDTX informed market authorities on Monday (Oct 23) that one of its subsidiaries, PT Chitatex Peni, has signed agreement with Sinarmas Group’s Bumi Serpong Damai (BSDE) and PT Serasi Niaga Sakti for another property project in Serpong, Banten province.

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Property Player to Watch: Stareast Group

Stareast Group, as described by its website, is an Indonesian based private investment firm engaged in various industries such as real estate, hospitality, asset management, transportation, and retail businesses. The group is also partner of Tommy Soeharto (Humpuss Group) in developing Pecatu Indah Resort project, a resort complex in the south of Bali Island with 400 ha of areas. Who’s behind?

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