State-owned steel producer Krakatau Steel (KRAS) is among the best performing stocks with 115% gain year-to-date despite continuous pressures in steel industry worldwide. Krakatau Steel booked net loss of US$59.8 million in the first quarter of 2016, expanded by 41.4% from the corresponding period of 2015 despite improved operations.
Read MoreTelecommunication operator SmartFren (FREN), controlled by Sinarmas Group, reported net loss of Rp266 billion in the first quarter of 2016. It is less than half of losses booked in the corresponding period of 2015, but mainly because of huge non-cash gain in foreign exchange translation.
Read MoreState-owned oil and gas company PT Perusahaan Gas Negara (PGAS) Tbk booked net profit of US$101 million in the first quarter of 2016, down 8% from the corresponding period of 2015, but mainly because of significantly higher non-cash losses in foreign exchange translation.
Read MorePT Blue Bird Tbk (BIRD), the largest conventional taxi operator, booked net profit of Rp138.3 billion in the first quarter of 2016, crashed 38% from the corresponding period of 2015. Second largest operator, Express Transindo (TAXI), was forced to record net loss of Rp9.8 billion against profit of Rp20.3 billion in the first quarter of 2015. Hit by web-based taxi services like Uber and GrabCar?
Read MoreNickel returned to US$9460 per ton in London Metal Exchange (LME) Friday to tracking rally of commodities, while copper settled at US$5045 per ton after several days of corrections. Volatility remains out there, but charts point to bottoming out of commodities.
Read MoreAdaro Energy (ADRO) is among the best performing stocks year-to-date with 41.7% gain despite Friday’s correction. Still, Adaro Energy is valued only half of its equity. The second largest coal group, interestingly, reported improved margins in the first quarter despite substantial decline of thermal coal prices.
Read MoreSome, including human rights activists, believe President Joko ‘Jokowi’ Widodo’s frequent visits to Papua won’t solve the long-standing issues between the eastern most province and the central government. Jokowi was in Jayapura, Papua Friday-Saturday for some events, his fourth visit as President already.
Read MorePT MNC Sky Vision (MSKY) Tbk, pay TV operator owned by Hary Tanoesoedibjo’s MNC Group, posted net profit of Rp121.3 billion in the first quarter of 2016 against loss of Rp130 billion in the corresponding period of 2015, but mostly due to Rp156 billion non-cash gain on foreign exchange translation.
Read MoreGudang Garam (GGRM), the second largest cigarette producer in Indonesia, posted net profit of Rp1.69 trillion in the first quarter of 2016, an increase of 32.1% from the corresponding period of 2015. HM Sampoerna (HMSP), market leader, meanwhile, reported net profit of Rp3.12 trillion, grew only 7.6% from the same period of 2015.
Read MoreThe United Development Party (PPP), a member of the ruling coalition, has just introduced the new lineup of their central executive board (DPP) for the period of 2016-2021. The new leadership has been legitimized by the Ministry of Law & Human Rights. And here are some names in the new lineup that are interesting to note: the former Chief of the Corruption Eradication Commission (KPK) Taufiequrachman Ruki, the former CEO of state-owned airports operator PT Angkasa Pura (AP) I Tommy Soetomo, and the former Director of state-owned news agency LKBN Antara Ahmad Kusaini.
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