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DBS-Danamon Acquisition: Final Chapter?
Bank Indonesia's outgoing governor Darmin Nasution said the central bank only allows acquisition of 40% shares in Bank Danamon (BDMN) by DBS Bank Ltd. DBS may acquire 67.7% shares in Danamon if Monetary Authority of Singapore (MAS) gives easier access to state banks (Mandiri, BRI, and BNI) to open branches in the city State. ,Last Updated ( Wed, 22 May 2013)
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| MoF Chatib Basri & Sunda Strait Bridge
Chatib Basri has been sworn in as new minister of finance Tuesday, May 21. The same day, the Corruption Eradication Commission (KPK) was scheduled to examine Dr Raden Parded, partner of Chatib at CReco Consulting, as former secretary of Financial System Stability Committee (KKSK) in the high-profile Bank Century bailout scandal. (Tue, 21 May 2013)
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| Sugar Battle in Malang
East Java is long known as the largest sugar-producing province in Indonesia. Just recently, Malang district government recently invited three companies to build 12,000-tons-per-day sugarcane plant in the area: PT Permata Tene, PT Duta Plantation Nusantara and PT Anugerah. Who are they? (Tue, 21 May 2013)
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| • Busiest Casino Named Trada Maritime | Investment | Trada Maritime (TRAM) is among the most 'liquid' stocks in town. Today, over 154 million shares exchanged hands, way above its average daily trading volume in the past three months (136.7 million shares). At the current price, TRAM is among the most 'valuable' stocks, 10 times equity like Kalbe Farma and Charoen Pokphand. | |
| • Lippo Group Stocks: On Their Own | Stock Market | Pretty much as predicted, Bank Nationalnobu gained 41% in less than two days of trading on Indonesia Stock Exchange (IDX). It is not more valuable than Bank Central Asia (BCA), because it is traded 8.5 times equity as of December 2012. That also boosted Lippo Group's overall standing to Rp103.5 trillion group. | |
| • Market Snapshots | Stock Market | Consumers, retailers, and property shares continue to take composite index of Indonesia Stock Exchange (IDX) to record high this morning. In this report: (1) Kalbe Farma, (2) Sritex IPO, (3) Adira Finance, (4) BTPN bonds, (5) Aneka Tambang, and (6) Suparma Expansion. | |
| • MNCN & Financial Assets | Stock Market | Shares of Media Nusantara Citra (MNCN), parent of popular broadcasting brands RCTI, GlobalTV, and MNC TV, advanced further to Rp3625 this morning. At this price, the company controlled by Hanura politician Harry Tanoesoedibjo has market capitalization of Rp50.6 trillion (US$5.2 billion), more than three times of Bakrie Group's Bumi Resources (BUMI). | |
| • IPO to Watch: Acset Indonusa | Stock Market | Construction companies might not be as profitable as property companies in terms of net profit margin. Construction giant Wijaya Karya (WIKA), for example, only reported net profit margin of 6% in the first quarter of 2013, but with annualized ROE of 21% WIKA is now valued 5.3 times equity. Will Acset Indonusa be there? | |
| • Moeldoko: New KSAD and Then Military Commander? | Politic | President Soesilo Bambang Yudhoyono had just appointed Lieutenant General Moeldoko as the new Army Chief of Staff (KSAD) to replace General Pramono Edhie Wibowo, who will soon enter his mandatory retirement age. SBY said Moeldoko would be sworn in on Wednesday. But already speculations abound on whether Moeldoko is being prepared to be the next Commander of the Military to replace Admiral Agus Suhartono. Who exactly is Moeldoko? | |
| • Journal of Law No 18/2013 | | Roberto Bismaka Kurniawan, vice president director of Visi Media Asia (VIVA) was sentenced to seven days in prison by the Singapore High Court for not showing up in the examination as summoned. Also in this report: (1) KBN Faces Land Dispute against Hargas Industries, (2) Pertamina-Medco Settled Arbitration Dispute, and (3) Medco bs Singapore Petroleum Sampang. | |
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