Mar 3, 2015 | Industries, Market, Reviews
State-owned cement producer PT Semen Indonesia (SMGR) Tbk booked net profit of Rp5.57 trillion last year, inched up 3.6% from 2013 on falling margins from higher operational expenses. Competition starts to eat out margins of cement producers? SMGR’s sales...
Mar 2, 2015 | Industries, Market, Reviews
Tower Bersama Infrastructure (TBIG) posted net profit of Rp1.3 trillion last year, inched up 4.25% from 2013 due to higher financial charges from falling rupiah. Aggressive accounting and low income tax expenses, however, prevented the company from reporting...
Mar 2, 2015 | Industries, Market, Reviews
Food processing giant PT Indofood CBP (ICBP) Tbk has decided to acquire 9.88% shares of JC Comsa, a company listed on the Tokyo Stock Exchange’s JASDAQ Standard, for a total consideration of 284.4 million yen. What’s next? Well, Indofood and JC Comsa have...
Mar 1, 2015 | Industries, Reviews
State-owned telecommunication giant PT Telkom (TLKM) Tbk has aggressively invested in IndiHome Fiber, which is consisted of fixed-line phone, high speed Internet, and cable TV (IP TV). TLKM has set an ambitious target to serve 3 million subscribers by next year....
Mar 1, 2015 | Industries, Market, Reviews
Shares of Alibaba Group ended lower by 0.29% to US$85.12 on NYSE Friday (Feb 27). This is the lowest since October 14, 2014, but still higher than IPO price of US$68. At the current price, Alibaba has market capitalisation of US$211.7 billion. As you know,...
Feb 28, 2015 | Industries, Market, Reviews
Just hours after Lippo Group launched MatahariMall.com, aimed to be Indonesia’s alibaba.com, Golden Agri-Resources Ltd, a palm oil and cooking oil producer controlled by Sinarmas Group, informed stock exchange of Singapore (SGX) about the incorporation of PT Sinar Mas...
Feb 27, 2015 | Industries, Market, Reviews
Unlike Matahari Department Stores (LPPF), PT Hero Supermarket (HERO) Tbk booked net profit of Rp44 billion only last year, crashed 93.5% from 2013. Such profit represents net profit margin of 0.3% from total sales revenue of Rp13.56 trillion. HERO’s sales...
Feb 27, 2015 | Industries, News Group
The 2015 Indonesia Fashion Week was officially launched yesterday (Feb. 26). The four-day event was opened by the chairman of Regional Representative Council (DPD), Irman Gusman, Tourism Minister Arief Yahya, Trade Minister Rachmat Gobel, Industry Ministry Saleh...
Feb 27, 2015 | Industries, Market, Reviews
Agriculture giant PT Japfa Comfeed (JPFA) TBk booked net profit of Rp332 billion last year, crashed 44.2% from 2013 due to falling margins from higher financial costs, selling expenses, and labor costs. The Company, however, reported a significantly better fourth...
