Sep 17, 2014 | Commodities
Coal mining contractor Darma Henwa (DEWA) booked net loss of US$2.25 million in the first half of 2014. It is smaller than US$6.8 million of losses in the corresponding period of 2013. But, compared to peers, Darma Henwa was the worst performing in the first half. For...
Sep 17, 2014 | Commodities
BW Plantation (BWPT) is scheduled to submit registration of listing of new shares (rights issue) to the Financial Services Authority (OJK) next week. The new shares, reportedly worth up to US$1 billion, will be issued to Rajawali Corpora, a company controlled by...
Sep 16, 2014 | Commodities
The benchmark November 2014 contracts settled higher by RM15 to RM2099 per ton Monday. That means the commodity has gained around 8% from its recent bottom. Further depreciation of rupiah, meanwhile, lifted CPO prices for domestic market in Indonesia. November...
Sep 15, 2014 | Commodities
Relatively weak rupiah and improvement in the futures market lifted CPO prices in domestic market last week. KPB Nusantara, the joint marketing office of state plantations, sold all seven CPO packages auctioned off Friday (8500 tons) at Rp8210-8320 per Kg improved...
Sep 15, 2014 | Commodities
The reference price of Indonesian thermal coal (HBA) for September 2014 is set at US$69.69 per ton, down 0.85% only from the previous month. This is the lowest price since July 2009. Has the commodity been bottoming out? Well, September 2014 reference price represents...
Sep 12, 2014 | Commodities
Coal mining contractor Delta Dunia Makmur (DOID), parent of BUMA, has just reached its new high since early 2013. The stock gained more than 50% since July 2014. Petrosea (PTRO), subsidiary of Indika Energy (INDY), meanwhile, gained only 6.5% year-to-date as its net...
Sep 11, 2014 | Commodities
Plantation shares opened mostly higher in Jakarta after several days of corrections. In Singapore, however, First Resources Ltd lost 2.9%, while Indofood Agri down 1.2%. In Kuala Lumpur, Felda Global, the world’s largest palm oil producer, opened lower by 0.53%....
Sep 10, 2014 | Commodities
Indonesia Stock Exchange (IDX) has lots of plantation and palm processing or trading companies, but very few are traded frequently. Wilmar Cahaya (CEKA), controlled by Wilmar International Ltd, however, is on its way to float more shares to public investors. How about...
Sep 9, 2014 | Commodities
Medco Group, MNC Group, and Sukanto Tanoto’s RGE Group might continue to boost their coal production, but others, especially those with concessions located far from seaports and low-rank coal, opted to suspend operations due to falling coal prices. Logistic company PT...
Sep 8, 2014 | Commodities
Rally of crude palm oil (CPO) in the futures market ended Friday on falling Nymex crude oil by 1.2% to US$93.3 per barrel. Market players should focus more on CPO production report of companies in Malaysia and Indonesia. Six companies listed on KLSE reported a...
