Sep 29, 2014 | Commodities
Shares of BW Plantation (BWPT) lost another 14.81% to Rp460 on Friday (Sept 26), lower than our prediction of post-rights issue’s theoretical price. Has the stock been oversold? Around 223 million BWPT shares were exchanged hands Friday, the largest in the company’s...
Sep 26, 2014 | Commodities
Holders of coal contract of work (CCOW) and contract of work (COW) have recently agreed to downsize their mining area (concession). Why one gets 4.7% cut while others should relinquish up to 60%? Adaro Indonesia, subsidiary of Adaro Energy (ADRO), has agreed to reduce...
Sep 25, 2014 | Commodities
BW Plantation (BWPT), whose stock collapsed 24.6% yesterday following the rights issue plan, has finally released its first half 2014 financials. The Company booked net profit of Rp141 billion, soared by 67.3% from the corresponding period of 2013. It is smaller than...
Sep 24, 2014 | Commodities
Felda Global Ventures, the world’s largest CPO producer, reported production of 336,738 tons of crude palm oil (CPO) last month, jumped by 33.6% from the same month of 2013. Smaller producer BLD Plantation also reported strong output growth of 28.3% in the month,...
Sep 24, 2014 | Commodities
BW Plantation (BWPT) plans to issue 27.02 billion new shares at Rp390-411 per share to raise a maximum of Rp11.1 trillion (US$950 million) to acquire plantation assets of Rajawali Corpora, which is also strategic investor at BW Plantation. This is probably one of the...
Sep 24, 2014 | Commodities
United Tractors (UNTR) sold 242 units of construction machinery last month, dropped 19.6% from the previous month on continuous weakness of mining industry. Subsidiary Pamapersada, however, produced a record 10.3 million tons of coal in the month. August sales volume...
Sep 23, 2014 | Commodities
South Korea imports annually around 80 million tons of coal. Companies from the country have actually spent significant amount for acquisition of coal assets in Indonesia in recent years. Unfortunately that some of these investments failed due to legal issues. Samtan...
Sep 23, 2014 | Commodities
President Susilo Bambang Yudhoyono has finally signed government regulation for the establishment of holding company for 14 state plantations after more than two decades of delay. Implications? State-owned enterprises minister Dahlan Iskan said SBY signed the...
Sep 22, 2014 | Commodities
The benchmark December 2014 contracts settled significantly lower by RM36 to RM2109 per ton Friday (Sept 19) on strong output growth in Indonesia. January contracts dropped around 2% to RM2121 per ton, while November contracts down RM37 to RM2107/ton. Pretty much as...
Sep 18, 2014 | Commodities
The benchmark crude palm oil (CPO) contracts for December 2014 advanced RM16 to RM2160 per ton this morning. That means the commodity has gained 5.1% from its recent bottom. Plantation shares, however, were mixed in the region. Felda Global, the world’s largest...
