May 4, 2015 | Industries, Market, Reviews
PT Blue Bird (BIRD) Tbk, the largest taxi operator in Indonesia, booked net profit of Rp223 billion in the first quarter of 2015, inched up 1.8% from the same period of last year. Express Transindo (TAXI), second largest operator, meanwhile, booked net profit of Rp20...
May 4, 2015 | Industries, Reviews
Almost all chemical producers reported significant slowdown of sales revenues in the first quarter of 2015. PT Unggul Indah Cahaya Tbk (UNIC), one of the country’s largest surfactant (raw material for detergents) producers, for example, reported 28% fall in...
May 4, 2015 | Industries, Law
The Minister of Environment & Forestry Siti Nurbaya Bakar, together with members of the North Sumatra Regional Consultative Council (Muspida), recently visited the office of the Corruption Eradication Commission (KPK). The agenda of the visit was to coordinate...
May 3, 2015 | Industries, Market, Reviews
PT MNC Sky Vision (MSKY) Tbk booked net loss of Rp130 billion in the first quarter of 2015 against profit of Rp136 billion in the same period of 2014. While this was attributable to huge non-cash losses in foreign exchange translation, one can’t ignore the fact...
May 1, 2015 | Industries, Market, Reviews
PT SmartFren Telecom (FREN) Tbk, the remaining CDMA-based operator with substantial operations in Indonesia, booked net loss of Rp551.4 billion in the first quarter of 2015, against net profit of Rp222 million in the corresponding period of 2014. This cuts further...
May 1, 2015 | Industries, Market, Reviews
Kalbe Farma (KLBF), the largest healthcare company listed on Indonesia Stock Exchange (IDX), is among few blue chip stocks which only lost 2% year-to-date. It posted revenues growth of 4.4% only in the first quarter, significantly weaker than Kimia Farma, Merck, and...
May 1, 2015 | Industries, Market, Reviews
Indofood Group, a giant player in food & beverage market, posted weak first quarter. Mayora Indah (MYOR), Siantar Top (STTP), and Ultra Jaya Milk (ULTJ), however, reported stronger bottom line growth in the period. Mayora Indah’s sales revenue was a big...
Apr 30, 2015 | Industries, Market
Three major retailers of gadgets, tablets, and ICT products have released their first quarter 2015 financials. TiPhone Mobile Indonesia (TELE) and Erajaya Swasembada (ERAA) reported strong sales growth, while Trikomsel Oke (TRIO) dropped significantly in the period....
Apr 30, 2015 | Industries, Market
Media Nusantara Citra (MNCN), parent of RCTI, MNC TV, and Global TV stations, reported 1.2% growth in sales revenues in the first quarter of 2015. It is better than Surya Citra Media (SCMA), which posted 0.8% decline, but MNCN’s net profit fell significantly by...
Apr 30, 2015 | Industries, Market
Shares of Gudang Garam (GGRM), the second largest cigarette producer in Indonesia, dropped 4.16% this morning as investors responded negatively its financial results for the first quarter of 2015, as its net profit declined 9.5%, while sales revenue inched up 2% only....
