May 5, 2015 | Industries, Market
Shares of Mitra Keluarga Hospitals (MIKA) opened lower this morning as the Company’s market value was twice of Siloam Hospitals (SILO). Unlike other sectors, hospitals reported relatively strong growth in the first quarter of 2015. Hopefully not because more...
May 5, 2015 | Industries, Market
Shares of construction and building materials opened mixed this morning as investors were not fully convinced about the pace of public housing and infrastructure projects launched by President Joko ‘Jokowi’ Widodo. Indocement Tunggal Prakasa (INTP), second...
May 5, 2015 | Industries, Reviews
Entrepose, subsidiary of VINCI—a global player in concessions and construction, has completed the acquisition of PT Istana Karang Laut, which engaged in both onshore and offshore activities. SGX-listed Universal Resource and Services Limited, meanwhile, is...
May 5, 2015 | Industries, Market, Reviews
PT Barito Pacific Tbk (BRPT), an investment holding controlled by Prajogo Pangestu’s Magna Resources Corporation Pte Ltd (MRC) has on April 30, 2015 settled US$146.2 million loan from MRC with 10.33% shares in petrochemical giant PT Chandra Asri Petrochemical...
May 4, 2015 | Industries, Market
Pretty much as predicted Sinarmas Group steps up challenge in Pay TV and Internet network industry dominated by MNC Group and Lippo Group. The group’s subsidiary has just secured US$160 million loan to develop fibre-to-the-home (FTTH) project. PT Dian Swastatika...
May 4, 2015 | Industries, Market, Politics
Government’s policy prohibiting sales of alcoholic beverages in convenience stores throughout the country might have contributed to significant drop of beer sales at two largest producers: Multi Bintang Indonesia (MLBI) and Delta Djakarta (DLTA) in the first...
May 4, 2015 | Industries, Politics
Approximately 150,000 workers from the greater Jakarta—Jakarta, Bogor, Depok, Tangerang and Bekasi—joined the May Day celebration rally in Jakarta on Friday last week. Those who attended are affiliated with the Confederation of Indonesian Workers Union (KSPI), the...
May 4, 2015 | Industries, Market
Shares of Waskita Karya (WSKT) fell sharply by 7% Monday (May 4th) morning. Fellow state-owned construction firms, Adhi Karya, Pembangunan Perumahan, and Wijaya Karya, also opened lower to respond their first quarter performance. These stocks, however, need a healthy...
May 4, 2015 | Industries, Market
Integrated poultry players Charoen Pokphand Indonesia (CPIN), Japfa Comfeed (JPFA), and Malindo Feedmill (MAIN) suffered from squeezed margins and non-cash loss on foreign exchange translation in the first quarter of 2015. Shrimp producer PT CP Prima (CPRO) Tbk and...
