Nov 5, 2015 | Industries, Market, News Group, Reviews
Taxi operators report mixed results on their bottom line for January-September 2015 period as they differently addressed the costs side. PT Blue Bird Tbk (BIRD) and PT Express Transindo Utama Tbk (TAXI) reported growth in revenues, but TAXI posted a significant drop...
Nov 5, 2015 | Industries, News Group
Global Digital Prima (GDP) Venture of Djarum Group has reportedly acquired Bareksa.com after passing up on Tempo.co of PT Tempo Inti Media Tbk (IDX: TMPO). The Northstar Group is reportedly the one interested in Tempo.co . Last week, we heard a rumor that the GDP...
Nov 5, 2015 | Industries, Market, Reviews
PT Semen Baturaja (SMBR) Tbk, the smallest cement producer listed on IDX, reported strong growth of 20% in October 2015 year-on-year. Indocement Tunggal Prakarsa (INTP), the second largest cement producer, meanwhile, lost further ground in domestic market. Zulfikri...
Nov 4, 2015 | Industries, Market, Reviews
President Joko ‘Jokowi’ Widodo asked Asian Infrastructure Investment Bank (AIIB) to finance infrastructure projects in Indonesia. PT Indonesia Infrastructure Finance (IIF), where Asia Development Bank (ADB) has 19.99% shares, meanwhile, has applied for...
Nov 4, 2015 | Industries, Market, Reviews
Minimarket, supermarket, and department stores came up with mixed results in third quarter of 2015 compared to the first half. Hero Supermarket (HERO), for example, reported weaker sales revenue growth, but improved margins in the period. Ramayana Lestari (RALS), on...
Nov 3, 2015 | Industries, Market, Reviews
PT Multi Bintang Indonesia (MLBI) Tbk, market leader in beer industry, has yet to release its financial results for nine months ended Sept 30, 2015 pending limited review. Second largest player Delta Jakarta (DLTA), however, posted some improvements in the third...
Nov 3, 2015 | Industries, Market, Reviews
PT Bank Mandiri Tbk (BMRI) posted profit attributable to equity of Rp14.58 trillion in the first nine months to September of 2015 period, up 0.89% from Rp14.45 trillion in the corresponding period of 2014. Net interest income grew by 15.2% to Rp34.89 trillion but...
Nov 3, 2015 | Industries, News Group, Reviews
PT Sumber Segara Primadaya (S2P) has been given the task of constructing the Phase II of the expansion of the Cilacap Steam Power Plant (PLTU). The Company signed a power purchase agreement (PPA) with PT PLN (Persero) On October 30, 2015. Who are the people behind...
Nov 3, 2015 | Commodities, Industries, Market, Reviews
Gold price retreated to US$1133 per ounce in New York last night, lower than the average realized price of Freeport McMoRan in the first nine months of 2015 at US$1149 per ounce. The commodity is also way below its peak (US$1600/ounce), but this doesn’t prevent EMR...
Nov 3, 2015 | Industries, Market, Reviews
Banks with total assets above Rp40 trillion recorded 9.5% growth in fixed assets investments in the first nine months of 2015. Bank Mandiri, the largest bank by total assets, cut its investments by 31% to Rp749 billion, but Bank Rakyat Indonesia (BBRI), the second...
