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A Weaker Start for Pharmaceuticals
Six pharmaceutical companies listed on Indonesia Stock Exchange (IDX) reported an average slower start this year, hopefully because the society was overall healthier, not because people couldn't buy expensive medicines. State-owned pharmaceuticals Kimia Farma and Indofarma were the worst overall. ,Last Updated ( Thu, 02 May 2013)
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| Why Plastics Missed The Consumer Boom?
In theory, plastic producers grow alongside consumer goods. We all know major companies like Unilever, Indofood, HM Sampoerna, Gudang Garam, or Mayora enjoyed strong performance last year. In reality, however, performance of plastic raw material producers like Indopoly, Argha Karya Prima, and Trias Sentosa was not convincing at all. (Mon, 08 Apr 2013)
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| Kalbe & Tempo Scan: Overdue Correction
Pharmaceutical giant Kalbe Farma (KLBF) ended higher by 0.81% Monday (April 1st), while Tempo Scan Pacific (TSPC) dropped 3.25%. As usual, trading volume of Kalbe was substantial, while Tempo Scan was thin. They are both pricey stocks, traded with PE multiple 27 and 34 on their respective 2012 earnings. (Mon, 01 Apr 2013)
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| More Articles |
| • Cement Companies: China vs Indonesia | Chemical | Shanshui Cement, which sold 47.8 million tons of cement last year, booked net profit of RMB1.5 billion only last year or about Rp2.37 trillion. Semen Indonesia (SMGR), which sold only 22.6 million tons of cement, posted net profit of Rp4.8 trillion last year. What a contrast! How about affordable public housing program? | |
| • Sukanto's Sateri Holdings, So Far... | Chemical | Sateri Holdings Ltd, a company controlled by Indonesian tycoon Sukanto Tanoto, has just released its full 2012 financial results. The company, which operates plants in Brazil and China, among others, booked net profit of US$56 million, slashed by 64% from 2011 due to squeezed margins. | |
| • Pertamina-PTT Global Partnership | Chemical | State oil and gas company PT Pertamina has on Monday (March 11) selected PTT Global Chemical Public Company Limited as partner on developing petrochemical industry. PTT Global beat other 11 global-scale petrochemical producers on the beauty contest. | |
| • Chemical Industry Report: Edition 01/2013 | Chemical | Petrochemical is backbone of industrialization. Yet, PT Titan Kimia Nusantara (FPNI) Tbk, the second largest polyethylene (PE) producer in Indonesia, continued to report losses. Last year, Titan, an indirect subsidiary of South Korea chaebol Lotte Group, booked net loss of US$16.5 million, expanded from 2011 on poor margins. In this report: (1) Methanol Projects, (2) Ammonia Projects, Etc. | |
| • Sukanto's Tax Evasion & Sateri's Misery | Chemical | Those participated in the initial public offering (IPO) of Sateri Holdings Limited, a company controlled by Indonesian tycoon Sukanto Tanoto, in late 2010 arranged by Credit Suisse and Morgan Stanley might be very disappointed. Sateri offered 505 million shares on the Hong Kong Stock Exchange at HK$6.6 per share. Sateri raised around $430 million from the IPO. Two years later, the stock collapsed to HK$1.85. | |
| • Revisiting Soho Group | Chemical | Soho Group, one of major players in the country's pharmaceutical industry, made headlines this week for its plan to build new factory in Cikarang, West Java. Other than huge investment for the new plant, Soho Group also sets an ambitious US$2 billion plus target. | |
| • Tuban Petro Restructuring | Chemical | If the debt restructuring proposal is approved by all parties, ownership of PT Trans Pacific Petrochemical Indotama, the second largest petrochemical complex in Indonesia, will change substantially. State-owned oil and gas company will become the largest shareholder. | |
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