Mar 30, 2016 | Commodities, Industries, Market
Resource Alam (KKGI) is not a liquid stock. It is a small coal producer with sales revenue of US$111 million only. But, this company is probably another example of how Indonesian coal producers would survive even if weak coal prices persist. Last year, the Company...
Mar 30, 2016 | Commodities, Industries, Market
Petrosea (PTRO), subsidiary of Indika Energy (INDY), is among the best performing stocks year-to-date with gain of 66%. Financial report of the Company for the year ended Dec 31, 2015, however, pointed to significantly weaker performance in the fourth quarter with net...
Mar 29, 2016 | Industries, Market, News Group
Head of the Indonesia Investment Coordinating Board (BKPM) Franky Sibarani told the press that around 200 Chinese furniture companies had expressed their interest to relocate their factories to Indonesia due to increasing operational costs in China. Moreover, rattan...
Mar 29, 2016 | Industries, Law
The air transport industry in Indonesia is increasingly gaining support from the Government. In early March 2016, the Ministry of Finance issued PMK No. 35/PMK.010/2016 which provides convenience and fiscal incentives for the import of products and materials used in...
Mar 29, 2016 | Industries, Market
PT Protelindo, controlled by Sarana Menara (TOWR), has just won competitive bidding to acquire 2,500 towers of XL Axiata (EXCL) for Rp3.57 trillion. This heats up competition in the tower business between TOWR, Tower Bersama (TBIG), and Solusi Tunas Pratama (SUPR). ...
Mar 29, 2016 | Industries, Law
The debt dispute between PT Grahalintas Properti and one of its creditors PT Bank CIMB Niaga Tbk (BNGA) continues. In the hearing on March 28, 2016, the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to examine the petition...
Mar 29, 2016 | Industries, Market
Pharmaceutical company Darya-Varia Laboratoria (DVLA) booked net profit of Rp108 billion last year, an increase of 32.2% from 2014, thanks to strong sales growth of 18.3% and operating profit jump of 33% despite weaker performance in the fourth quarter. Darya-Varia is...
Mar 29, 2016 | Industries, Market
Shares of PT Kino Indonesia (KINO) Tbk have gained 16.3% from its initial public offering (IPO) Price late last year to become a company with market capitalisation of Rp6.3 trillion. The stock is now traded with PE multiple 18.9 on the historical 2015 earnings. As...
Mar 29, 2016 | Industries, Market
China National Building Material (CNBM) Co Ltd, the largest building material producer in China, posted net profit of RMB1.02 billion last year, collapsed 82.8% from 2014 as China saw the first decline of cement sales in 25 years. CNBM’s sales revenue fell 17.8%...
Mar 29, 2016 | Industries, Market, News Group
Finance Minister Bambang Brodjonegoro told the press that the coupon rate for the government bonds (SUN) had to be cut from the current 8% for bonds with tenor of 5-10 years. The 5-year tenor SUN offers coupon rate of 8.25% and yield of 7.34%. The 15-year tenor SUN...
