Category: Uncategorized

Yan Bin’s Reignwood & Bakrie Group

Some continued speculative trading in shares related to Bakrie Group, which is seen in huge trading volume and volatility. Average trading volume of Bumi Resources (BUMI), the largest coal producer in Indonesia, for example, was 722 million shares per day in the past three months as thermal coal hovers above US$80 per ton. Average trading volume in Energi Mega Persada (ENRG), the oil and gas producer, was 561 million shares per day in the period.

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The Lucky EXCL Finds Desperado SUPR?

Tower Bersama Infrastructure (TBIG) acquired 2500 towers from Indosat (ISAT) in mid 2012 for US$406 million when rupiah was Rp9400/USD or about Rp1.52 billion per tower. Two weeks ago, Solusi Tunas Pratama (SUPR) acquired 3500 towers from XL Axiata (EXCL) for Rp5.6 trillion or Rp1.6 billion per tower. Some believe the latest deal benefits EXCL more than SUPR. Why?

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BTEL & FREN: Merger?

PT Smartfren Telecom Tbk (FREN) and PT Bakrie Telecom Tbk (BTEL) have proposed to the ministry of information and communication to share the 800 MHz radio frequency spectrum, which could lead into the merger of both entities, Bisnis Indonesia reported this morning. Bloomberg, meanwhile, reported few hours ago that BTEL and affiliates were sused in New York state court by investors, who claim the company breached its contract involving a $380 million bond issue.

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Telkom’s Endless Maneuver in Tower Business

Almost all online media published statements from Honesti Basyir, CFO of Telekomunikasi Indonesia (TLKM), on Wednesday saying ‘Telkom wants to be the largest player in tower business,” and that to reach the target Telkom will acquire the largest tower company in Indonesia. These are misleading statements!

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Competition to Acquire XL Towers

Second largest telecommunication company PT XL Axiata (EXCL) Tbk has kicked off an open tender to divest portion of its towers. Various companies have expressed their interest to enter the race, which might be the biggest acquisition in the sector this year.

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Update: The New Cellular SIM Card Registration System

The Indonesian Telecommunication Regulatory Body (BRTI) would improve the identification system of prepaid SIM Card users by August this year. Prepaid users are required to reregister their SIM Card by March 2015. Else, they would be blocked and unable to make an outgoing phone call or text message, even though they still can receive phone call or text message.

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Growing Competition in Pay TV Market

MNC Sky Vision (MSKY), which claimed itself the largest player in pay TV market, booked net loss of Rp14 billion in the first half of 2014 against profit of Rp31 billion in the corresponding period of 2013. The network’s revenues grew only 8.7%, while gross profit collapsed 51%. Feel the heat of tougher competition in the market?

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