Mar 2, 2015 | Commodities, Politics
In early November 2014, East Nusa Tenggara governor Frans Lebu Raya revealed his plan to meet President Joko ‘Jokowi’ Widodo to discuss revenue sharing of Masela Block, where Inpex/Shell plans to build Abadi LNG. Frans said that after a meeting with Maluku...
Mar 1, 2015 | Commodities, Market, Reviews
Investors dumped Noble Group Ltd shares on the stock exchange of Singapore (SGX) Friday (Feb 27) after the exchange resumed its trading. The stock collapsed 8.52% with 102 million shares exchanged hands on that particular day as investors responded negatively a report...
Feb 28, 2015 | Commodities, Market, Reviews
SGX-listed palm oil producer Global Palm Resources Holding Ltd, controlled by the family of Mr Suparno Adijanto, reported 501% surge in net profit last year. Another SGX-listed palm oil producer Kencana Agri Limited, controlled by Henry Maknawi family, also returned...
Feb 27, 2015 | Commodities, Market
Energy World Corporation Ltd, controlling owner of Sengkang power plant and Sengkang gas fields in Sulawesi Island, booked sales revenue of US$93.74 million in the first half ended December 31, 2014, an increase of 28% from the corresponding period of 2013 due to...
Feb 27, 2015 | Commodities, Market, Reviews
Palm oil and natural rubber producer PT London Sumatra Plantations (LSIP) Tbk reported 19.1% growth in net profit last year. Salim Ivomas Plantations (LSIP), meanwhile, posted 60.8% jump in profit. Both, consistently valued lower than peers, are units of SGX-listed...
Feb 27, 2015 | Commodities, Market, Reviews
Vale Indonesia (INCO), the largest nickel producer in Indonesia, booked net profit of US$172.3 million last year, skyrocketing 346% from 2013 on improved margins. It was one of the best performing stocks with 56% gain last year. Year-to-date, however, Vale has lost 6%...
Feb 26, 2015 | Commodities, Industries, Market
In October 2012, Sinopec kicked off construction of Batam Oil Storage Project in the West Point Industrial Park, Batam Island, Riau Islands province. The storage is designed to handle 2.6 million m3 of crude oil and oil products. How about other projects? The West...
Feb 26, 2015 | Commodities, Market, Reviews
PT Astra Agro Lestari (AALI) Tbk booked net profit of Rp2.5 trillion last year, jumped by 39% fromm 2013 on strong sales revenue of 28.6%. Like other palm oil producers, however, Astra Agro suffered significant correction in the last quarter of 2014. In this report:...
Feb 26, 2015 | Commodities, Market, Reviews
PT Golden Energy Mines (GEMS) Tbk, a coal producer and trader controlled by Sinarmas Group, booked net profit of Rp133 billion last year, collapsed 41% from 2013 due to falling prices of thermal coal. What about GMR Infrastructure’s US$550 million investment in...
Feb 25, 2015 | Commodities, Market
Plantation shares opened mostly higher in Indonesia this morning, but Felda Global Ventures, the world’s largest producer of palm oil collapsed 7.82% in Kuala Lumpur. Wilmar International, another giant, lost 1.22% in Singapore, despite yesterday’s...
