Aug 13, 2014 | Agriculture, Commodities
Shares of First Resources Ltd, controlled by Indonesian family of Fangiono Ciliandra/Surya Dumai Group, collapsed 4.55% this morning as investors responded negatively the company’s first half 2014 results, where it posted 28.8% drop in net profit to US$73.96...
Aug 13, 2014 | Commodities
Energy and mineral resources ministry is working on the so-called coal roadmap 2015-2030, which, among others, will cap national coal production at 425 million tons and annual growth of 1%. The roadmap ensures availability of the fuel for medium-long term domestic...
Aug 12, 2014 | Commodities
Reference price of Indonesian thermal coal for August 2014 is set at US$70.29 per ton, down 8.36% from August 2013. This is the new low in years due to strong supply in the seaborne market, including effects from illegal coal export from Indonesia. August 2014...
Aug 12, 2014 | Agriculture, Commodities
The benchmark October contracts of crude palm oil (CPO) recovered RM9 to RM2185 per ton this morning after trading as low as RM2162 per ton. Interestingly, only seven out of 14 plantation companies listed on KLSE reporting higher output in July 2014 over July 2013. KL...
Aug 11, 2014 | Agriculture, Commodities
Agriculture giant Japfa Ltd expects to raise US$158 million from an initial public offering (IPO) on the Singapore Exchange (SGX) mainboard. The company has yet to release its first half 2014 results, but peers (Charoen Pokphand Indonesia, Malindo Feedmill, and Sierad...
Aug 8, 2014 | Agriculture, Commodities
Bumitama Agri Ltd, a company listed on SGX with market capitalization of S$2.2 billion owned by Indonesian business group Harita and Malaysian IOI Corp, logged three interesting disclosures to the exchange and investors Thursday (August 7), including its plan to...
Aug 8, 2014 | Commodities
Aggressive export of cheap and illegal coal from Indonesia in the past few years amidst slowdown of China economy contributed to downfall of the commodity’s price in seaborne market. Indonesian government moves in with some new initiatives, which might cut...
Aug 8, 2014 | Agriculture, Commodities
Agriculture giant Wilmar International Ltd booked net profit of US$332.52 million in the first half of 2014, dropped by 37.7% from the corresponding period of 2013 due to weak sales revenue growth and squeezed margins especially palm & laurics and oilseeds &...
Aug 7, 2014 | Agriculture, Commodities
The benchmark October contracts of crude palm oil (CPO) ended lower by RM5 to RM2249/ton Wednesday (Aug 6) after trading as low as RM2239 per ton in the morning session. July 2014 CPO output from some companies listed on KLSE were not convincing compared to the same...
Aug 7, 2014 | Commodities
Creditors worldwide have been focusing on restructuring of debts at Bumi Resources and Berau Coal. But, with the exceptions of Adaro Energy, Bukit Asam, Indo Tambangraya Megah, Harum Energy, and Toba Bara Sejahtera, creditors need to closely monitor developments at...
