Apr 7, 2015 | Commodities, Market
PT J Resources Asia Pasifik (PSAB) Tbk, gold producer controlled by the family of Johan Lensa, is among the best performing stocks year-to-date with 37% gain. At the current price, PSAB has market capitalisation of Rp3.92 trillion, slightly above its equity as at Dec...
Apr 7, 2015 | Commodities, Market
Bakrie Sumatra Plantations (UNSP) is probably the only palm oil producer with significant net loss last year arguably on huge debt and financial charges. The Company reported sales revenue of Rp2.64 trillion, bigger than Sawit Sumbermas (SSMS), which is now a company...
Apr 7, 2015 | Commodities, Market
The government has reinstalled the board of directors of PT Perusahaan Gas Negara (PGAS) Tbk. This is a surprise, given changes in almost all major state companies in recent months. We used the Q&A session with PGAS executives to grill the company’s gas...
Apr 6, 2015 | Commodities, Market
President Joko ‘Jokowi’ Widodo is expected to sign a new policy imposing a levy of US$50 per ton of crude palm oil (CPO) this week. Processed palm oil products will also subject to US$30 per ton of such export levy. Malaysian, meanwhile, reimposes export...
Apr 4, 2015 | Commodities, Market
Pretty much as predicted, March 2015 recovery of Indonesian thermal coal price was short-lived. Government of Indonesia has set reference price of thermal coal for April 2015 at US$64.48 per ton, down 4.84% from March and 13.81% from April 2014. The reference price...
Apr 4, 2015 | Commodities, Market
Harum Energy (HRUM), controlled by Kiki Barki family, posted net profit of less than US$1 million last year, crashed 99% from 2013 on squeezed margins and impairment of losses in its investment in ASX-listed Cockatoo Coal Ltd. HRUM booked sales revenue of US$477.64...
Apr 2, 2015 | Commodities, Market, Reviews
Oil and gas producer PT Medco Energy International (MEDC) Tbk is one of the largest ‘national players’ in the industry. This Company, unfortunately, posted net profit of US$10.1 million only last year, dropped almost 20% from 2013. As you can see in the...
Apr 2, 2015 | Commodities, Market
PT Atlas Resources Tbk (ARII) is one of coal producers seriously affected by downfall of both prices and demand of thermal coal in the region. The Company’s sales revenue collapsed 67% to US$38.5 million last year. While cost of sales also dropped significantly,...
Apr 1, 2015 | Commodities, Reviews
Leaders of ConocoPhillips met president Joko ‘Jokowi’ Widodo at the State Palace Tuesday (Mar 31) to pledge billions of USD of investments in Indonesia’s oil and gas industry. What do we know about ConocoPhillips’ operations in the archipelago?...
Apr 1, 2015 | Commodities, Market
Shares of Eagle High Plantations (BWPT), controlled by tycoon Peter Sondakh, has just left its all time low last week. Investors punished the stock severely following backdoor listing of Sondakh’s plantation assets through BWPT last year, which was considered at...
