Aug 28, 2014 | Industries
We have seen lots of actions at companies controlled by Salim Group, Lippo, Sinarmas, Soeryadjaya, Bakrie, or Rajawali in the past few years, but we rarely heard of significant movements at companies linked to Sjamsul Nursalim (Gajah Tunggal Group) in Indonesia. We’ve...
Aug 21, 2014 | Industries, Market
XL Axiata (EXCL) booked net loss of Rp483 billion in the first half of 2014 against profit of Rp670 billion in the corresponding period of 2013. On the other hand, Tower Bersama Infrastructure (TBIG), which leases tower to XL Axiata, posted net profit of Rp697 billion...
Aug 20, 2014 | Industries, Market
Tower operator PT Sarana Menara Nusantara (TOWR), parent of Protelindo, booked net profit of Rp583 billion in the first half of 2014, jumped by 70.9% from the corresponding period of 2013, thanks to strong sales growth of 28.9% and improved operating profit margins....
Aug 18, 2014 | Industries
West China Cement Ltd sold 8 million tons of cement in the first half of 2014, about two-thirds of Semen Indonesia (SMGR). West China Cement’s sales revenue inched up 1.5% only in the period, while Semen Indonesia posted 12.8% growth. West China Cement has...
Aug 15, 2014 | Industries
Netherland-based chemical company DSM invested US$124 million to build melamine resin plant in Bontang, East Kalimantan few decades ago. Unfortunately, the company ended up like PT Sri Melamine Rejeki, another melamine resin producer linked to state-owned fertilizer...
Aug 15, 2014 | Industries
Shares of Surya Esa Perkasa (ESSA), producer of liquefied petroleum gas (LPG) which builds US$750 million ammonia plant in Sulawesi Island, rallied from below Rp1000 in January 2012 to as high as Rp3000 last year. It retreated closer to Rp1500 early this year, but has...
Aug 15, 2014 | Industries, Market
Shares of Multipolar Technology (MLPT), controlled by Lippo Group’s Multipolar (MLPL), are among those frequently traded on Indonesia Stock Exchange (IDX). The stock has gained 110% since its initial public offering (IPO) a year ago. Like other Lippo Stocks,...
Aug 14, 2014 | Industries
Fatfish Internet Pte Ltd, a company listed on the stock exchange of Australia (ASX), has entered into a memorandum of understanding with Indonesian financial services group PT Batavia Prosperindo Investama on identifying, incubating and making co-investments into...
