Oct 30, 2015 | Industries, Market, Reviews
Astra International (ASII) booked net profit of Rp12 trillion in nine months of 2015, down 17.3% from the corresponding period of 2014 due to falling sales of automotive, heavy equipment, and agriculture. It reported improvements in the third quarter, compared to the...
Oct 29, 2015 | Industries, Market, Reviews
Food processor Mayora Indah (MYOR) booked net profit of Rp869 billion in nine months of 2015, skyrocketed 248% from the corresponding period of 2014, even though its sales revenue inched up 1.3% only. Unlike other companies, Mayora reported significantly stronger...
Oct 29, 2015 | Industries, Market, News Group, Reviews
PT XL Axiata Tbk (EXCL) suffered loss of Rp506 billion in third quarter of 2015, mainly due to the rupiah depreciation against the US dollar. While revenue rose 4% quarter on quarter (q/q). EXCL’s Ebitda increased 10% q/q to Rp2.2 trillion and Ebitda margin...
Oct 29, 2015 | Industries, News Group
Six months has passed since the launch of the 35,000 MW electrification program. So, where are we now? On October 23, 2015, PT PLN (Persero) agreed on a Power Purchasing Agreement (PPA) for the expansion of the Cirebon Steam Powered Plant (PLTU). Auction of several...
Oct 29, 2015 | Industries, Market, Reviews
Other than competition to enter BringinLife, two groups are reportedly competing to acquire Tempo.co, online news portal currently controlled by Tempo Inti Media (TMPO). Indonesian conglomerate, meanwhile, has reportedly acquired another investment portal. Also in...
Oct 29, 2015 | Industries, Market, Reviews
Astra Agro Lestari (AALI) booked net loss of Rp277 billion in third quarter of 2015 against profit of Rp545 billion in the corresponding period of 2014. Other than losses in foreign exchange translation, the Company’s margins worsened significantly in the...
Oct 29, 2015 | Industries, Market, News Group, Reviews
Three companies under Astra Group reported drops in their profit during the first nine months to September of 2015. Plantation arm PT Astra Agro Lestari Tbk (AALI) only booked profit attributable to equity of Rp145 billion in the period, dropped 92.3% from Rp1.88...
Oct 29, 2015 | Industries, Market, News Group, Reviews
PT Bank Central Asia (BCA) Tbk (BBCA) posted net profit of Rp13.4 trillion for the first nine months of the fiscal year ending September 30, 2015, grew by 9.6% from Rp12.2 trillion it booked in the corresponding period of 2014. Operating income as a total of net...
Oct 29, 2015 | Industries, Market, Reviews
President Jokowi has set an ambitious goal to complete the trans-Java toll road project by 2018. Where are we now after one year of Jokowi-Kalla administration in the project, which should have been completed many years ago by SBY regime? Overall, things have been...
Oct 29, 2015 | Industries, Market, Reviews
Just when some thought of breaking the US$40/barrel, crude oil spiked almost 7% to US$46.2 on Nymex Wednesday (Oct 28). With the exception of gold and soybean oil, however, other commodities ended lower ground. It is hard to find rationale of the spike other than...
