|
|
Tujuh Bukit Gold Dispute Continues
The South Jakarta District Court will proceed to examine the dispute between Michael Paul Willis and Intrepid Mines Ltd, Emperor Mines Ltd, and PT Indo Multi Niaga (IMN) after a mediation process, on Jun.18, 2013, did not produce any settlement. ,Last Updated ( Thu, 20 Jun 2013)
| |
| Bakrie & Harry Tanoe: ANTV-MNCN Deal?
This morning, Bisnis Indonesia reported Visi Media (VIVA), business segment controlled by Bakrie Group, has divested minority ownership in television operator PT Cakrawala Andalas Televisi, operator of ANTV, to MNC Group owned by Hary Tanoesoedibjo. The divestment is reportedly valued for US$500 million. (Wed, 19 Jun 2013)
| |
| Retailers Reality Check: Mitsubishi-Alfamart
Shares of Sumber Alfaria Trijaya (AMRT), operator of Alfamart convenience stores, ended substantially higher by 8.8% to Rp6,500 Tuesday (June 18) with only 21,500 shares were exchanged hands. This is clearly not a real price because Mitsubishi Corporation only managed to sell substantial amount of shares at Rp4506 a day earlier. (Tue, 18 Jun 2013)
| | |
| More Articles |
| • Lippo's Endless Maneuvers | Investment | OUE Ltd, controlled by Lippo Group, opened lower by 0.34% this morning and failed to return to its peak despite its recent maneuver to sell Mandarin Orchard and Gallery in Singapore for S$1.7 billion to its affiliated entity called OUE Hospitality REIT. LippoMalls REIT, meanwhile, lost 3% or 17% from its recent peak. | |
| • If I Ever Lose My Faith In You... | Investment | "Some would say I was a lost man in a lost world. You could say I lost my faith in the people on TV. You could say I'd lost my belief in our politicians. They all seemed like game show hosts to me. If I aver lose my faith in you, there'd be nothing left for me to do." (Sting) Looks like that foreign investors loudly sing that song, so the composite index collapsed as much as 4.27% Tuesday afternoon. | |
| • Painful, Yet Healthy Correction | Investment | Early last month, Citigroup upgraded property developer Lippo Karawaci (LPKR) to buy from neutral with target price of Rp1600. That time, LPKR was around Rp1400. Some investors followed the recommendation. The stock soared to as high as Rp1850 late last month, but has since retreated to Rp1490 this morning. | |
| • Newmont Divestment: The End | Investment | Leadership change at ministry of finance and downfall of gold price to below US$1400 per ounce might have resulted in substantial change of the central government's policy related to 7% shares in gold-copper producer PT Newmont Nusa Tenggara (NNT). | |
| • Mergers & Acquisitions Update | Investment | Pyramid Wilmar Plantations Ltd, a joint venture between Wilmar International and Wressle Holdings Ltd, has entered into Estate Management Services Ltd (EMSPL), which operates oil palm plantations in Sri Lanka. Also in this report: (1) Provident Minerals - Finders Resources and (2) ASL Marine - Capitol Nusantara Indonesia. | |
| • Chairul Tanjung & Telkomvision Deal | Investment | Chairul Tanjung's CT Corp has reportedly entered into a lucrative deal, acquiring 80% stake in Telkomvision, a pay-TV unit of Telkom (TLKM). If confirmed, the acquisition will intensify competition between CT Corp and MNC Group in the media business. It might also affect other potential deal at Telkom. | |
| • Mahakam & Weda Bay: Comment Alez-Vouz? | Investment | Energy and mineral resources minister Jero Wacik welcomed French business delegation led by Nicole Bricq, minister of international trade, in Jakarta yesterday. They discussed various energy-mineral-related issues, including new and renewable energy development. Focus of attention, however, are on Mahakam Block and Weda Bay Project. | |
|
|
|
