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...
Feb 27, 2015 | Industries, Market, Reviews
The bell weather Astra International (ASII), which has interests in various industries, booked net profit of Rp19.18 trillion last year, down slightly by 1.3% due to a combination of impairment loss on mining properties of Rp2.74 trillion and higher operating costs....
Feb 26, 2015 | Industries, Market, Reviews
United Tractors (UNTR), subsidiary of Astra International engaged in the heavy equipment, coal mining contracting, and coal production, booked net profit of Rp5.37 trillion last year, grew 11.1% from 2013 even though sales revenue grew only 4.2%, while operating...
Feb 26, 2015 | Industries, News Group
According to the 2014 Digital Music Report compiled by the International Federation of the Phonographic Industry (IFPI), the revenue of the digital music industry went up 4.3 percent to US$ 5.9 billion in 2013 from US$ 5.6 billion in 2012. The Report also claimed that...
Feb 26, 2015 | Commodities, Industries, Market
In October 2012, Sinopec kicked off construction of Batam Oil Storage Project in the West Point Industrial Park, Batam Island, Riau Islands province. The storage is designed to handle 2.6 million m3 of crude oil and oil products. How about other projects? The West...
Feb 26, 2015 | Industries, Market, Reviews
Shareholders of cigarette producer PT Bentoel International (RMBA) Tbk, controlled by British American Tobacco, have recently agreed to receive Rp6.7 trillion of loans from Rothsman Far East to refinance loans from Deutsche Bank AG, HSBC, and Citibank. To understand...
