Jul 9, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) failed to tracking broad market sentiments Friday (Sept 7) as the benchmark November contracts ended further down by RM21 to RM2927 per ton. September bids were as low as RM2776, while January 2013 contracts drop to below RM3000. In...
Jul 6, 2012 | Agriculture, Industries, News Group
Unlike mining stocks, plantation stocks performed quite well year-to-date. Well, Bakrie Sumatra Plantations (UNSP), the worst performing stock in the sector, only lost 30.5% YTD, while BW Plantation gains 20.5%. Plantation stocks were somehow shielded from falling...
Jul 1, 2012 | Agriculture, Industries, News Group
Sugar is a growing business in Indonesia, especially with influx of major investments in food industry and higher per capita consumption. PT Tunas Baru Lampung (TBLA) Tbk has kicked off a major investment in the sugar business. Industry ministry recorded at least 15...
Jun 12, 2012 | Agriculture, Industries, News Group
Recovery of palm oil prices is important for Indonesian economy. Other than being the second largest export earner behind coal with export value of US$17.6 billion in 10 months of 2012, the industry contributed to strong consumption outside Java, especially in Sumatra...
Jun 9, 2012 | Agriculture, Industries, News Group
Early last decade, worldwide investors were screwed by global default of APP’s US$15 billion bonds. APP is forestry division of Sinarmas Group. Today, Golden Agri-Resources, plantation arm of Sinarmas, offers $500 million convertible bonds due 2017. Citigroup,...
Jun 6, 2012 | Agriculture, Industries, News Group
What an irony! Wilmar International is one of bell-weathers of Singapore Exchange (SGX). Wilmar’s subsidiary PT Cahaya Kalbar (CEKA) Tbk, meanwhile, is one of the sleeping stocks on Indonesia Stock Exchange (IDX), with less than 2 million shares exchanged per...
May 12, 2012 | Agriculture, Industries, News Group
Provident Agro (PALM) is the newest plantation company listed on Indonesia Stock Exchange (IDX). The stock jumped 20% in the first few days of trading, but has recently retreated to leave only 3.3% gain. The company suffered substantial loss in nine months of 2012,...
May 11, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) lost RM85 to RM2411 per ton for the benchmark January 2013 contracts Monday (Nov 5) after RM41 correction last Friday. Supply-demand balance and downfall of crude oil weighed on the commodity. In this report: (1) Sime Darby, (2) Genting...
May 10, 2012 | Agriculture, Industries, News Group
Plantation shares ended mostly higher in the region Friday to tracking rebound of crude palm oil (CPO) in both futures and physical markets. BW Plantation gained 4.29% in Jakarta, while Golden Agri-Resources advanced 2.38% in Singapore. This might be a good news for...
Apr 10, 2012 | Agriculture, Industries, News Group
Tiran Group plans to build two sugar mills with investment cost of around US$415 million in South Sulawesi. The group claimed to have acquired 7,000 hectares land for sugar cane plantation. The group plans to produce 200,000 tons per annum of sugar to serve consumers...
