|
|
SINARMAS Multiartha & Its Accounts
Sinarmas Multiartha (SMMA), financial services arm of Sinarmas Group, is a company with total assets of US$5 billion. In the first quarter of 2013, the company reported net profit of Rp1.24 trillion, skyrocketed 275% from the corresponding period of 2012. How true? ,Last Updated ( Mon, 20 May 2013)
| |
| MNC Group: Action & Performance
PT Bhakti Investama (BHIT) Tbk advanced 5.66% Friday with over 207 million shares exchanged hands as the company, controlled by Harry Tanoesoedibjo, completed the issuance of US$365 million Senior Notes due 2018. Global Mediacom (BMTR) and MNC Sky Vision, two of companies under MNC Group, interestingly reported not too shiny performance in the first quarter. (Fri, 17 May 2013)
| |
| Performance of SGX-Listed Companies of Soeryadjaya
Seroja Investments Ltd, a coal transportation company controlled by tycoon Edwin Soeryadjaya, who is also substantial shareholder of Adaro Energy (ADRO), turned to net loss in the first quarter of 2013 on squeezed margins. How about other SGX-listed companies? (Tue, 14 May 2013)
| | |
| More Articles |
| • Modern Group: Next? | Company Profile | Modernland Development (MDLN) is on the way to raise US$300 million funds from offshore debt market. Modern International (MDRN), meanwhile, continues expanding its 7-Eleven retail outlets to challenge Alfamart and Indomaret, which dominated the market. | |
| • Bakrie World's Upside Down | Company Profile | Against all odds, Aburizal Bakrie, chairman of Golkar Party, expressed his optimism in front of some intellectuals on Monday (April 29) related to his presidential bid next year. Financial statement of Bakrie-controlled companies, however, yet provide promising results, which might raise concern about Aburizal's campaign financing. | |
| • Adaro Group: So Much, Yet So... | Company Profile | Adaro Energy (ADRO) opened lower by 1.63% to Rp1210 this morning, closer to its lowest level last year. The stock is now valued less than half of its peak in early 2011. Since then, ADRO aggressively acquired more coal and infrastructure assets, including this week's acquisition of three coal mining licenses (IUP) in Balangan Regency, South Kalimantan province. | |
| • A New Bakrie Without Petromine | Company Profile | Bakrie & Brothers (BNBR) has just released its first quarter of 2013 results. It booked net profit of Rp4.3 billion, down slightly from Rp5.4 billion in the same period of 2012. Sales revenue, meanwhile, slashed by 88% from Rp7.06 trillion to Rp860.99 billion because deconsolidation of Bakrie Petroleum International Pte Ltd (and accordingly Petromine Energy Trading). | |
| • Kam Kettin & Depo Bangunan | Company Profile | Depo Bangunan is among pioneers of supermarket for building materials in Indonesia. The first outlet was opened in October 1996 in Kalimalang area, Jakarta. Kam Kettin is founder of the company, which has expanded substantially in recent years. | |
| • Underreported Wealthy Families: Adipoetra Halim | Company Profile | In September last year, The Australian reported that Indonesia's Halim Family was confident of securing the funding it needs for a $285 million renovation of Melbourne's dowager Windsore Hotel. "We start serious discussions with financiers next year," said Adipoetra Halim, representative of the Medan-based Halim family, that time. | |
| • Pressures on Bumitama Agri: Beyond Orangutan | Company Profile | Bumitama Agri Ltd, a plantation giant controlled by Lim Gunawan Hariyanto family, issued a statement about petitions to the Roundtable of Sustainable Palm OIl (RSPO) filed by The Center for Orangutan Protection and The International Animal Rescue and The Friends of Borneo at SGX this morning. This company responded faster issues related to Orangutan than people? | |
|
|
|
