Consumer goods producer PT Mandom Indonesia Tbk reported net profit of Rp114.8 billion last year, inched up by 3.2% despite strong sales growth. Meanwhile, cigarette producer PT BAT Indonesia Tbk reported net loss of Rp86.6...
Read MoreKeppel Land Ltd is one of the largest property developers in Southeast Asia with total equity of S$6.8 billion. Unfortunately that the company’s market capitalization is only S$5.45 billion or about Rp48 trillion. In the first half of 2013, Keppel Land booked net profit of S$192 million only, down 18.8% from the corresponding period of 2012. The company has decided to sell all its shareholdings in Jakarta Garden City to Modernland Realty (MDLN). How about other assets?
Read MorePT Astra International (ASII) Tbk booked net profit of Rp9.19 trillion or around US$840 million last year, increased 41% from 2007 on strong revenue growth of 38%. Last year probably one of the most profitable year for Astra...
Read MoreConsumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk reported net profit of Rp1.02 trillion in 2008, jumped 82.4% from the previous year on unbelievably high interest rate paid by motorists. With earning per...
Read MorePT Hanson Energy wins 20-year low-rank coal supply deal for six coal-fired power plants at a combined value of US$3 billion, Detik.com reported. Who’s behind? Political connection?
Read MorePT Adaro Energy (ADRO) Tbk is currently twice the size of PT Bumi Resources (BUMI) Tbk in terms of market capitalization. ADRO announced its 2008 operation activities where coal production increased 7% to 38.5 million tons while...
Read MoreRemember the tragic death of Boedyharto Angsono? Looks like the family has left the tragedy behind. Asaba Group, controlled by Angsono family, has expanded its business significantly in recent years. Established in 1962 as...
Read MorePT Bakrie & Brothers (BNBR) Tbk announced a plan to issue convertible bonds worth Rp4.2 trillion to PT Northstar Pacific this month, convertible to up to 31.25% shares of BNBR. BNBR will issue 42.6 billion shares in April or May 2009 with exercise price of Rp100-110, Detik.com reported. Confused? Don’t worry, you’re not alone!
Read MoreNorthstar Pacific agreed to takeover US$575 million loan from Odickson Finance which will give indirect control over Bakrie & Brothers (BNBR) unit PT Bumi Resources (BUMI). It is not clear how many BUMI shares Northstar paid, nor the relationship with Bakrie Group.
Read MoreSellers need to create a competition-like environment to get better prices. Some brokerage firms in Indonesia, for example, hired jockeys to establish a long queue for initial public offering (IPO) to create a perception called over-subscribed. Ask someone to take the picture, and ask someone else to publish it in the media. Sometimes it worked well, especially to attract followers-type investors.
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