May 3, 2012 | Industries, News Group
Indosat (ISAT) is the second telecommunication company that has released 2011 financial results. The company booked net profit of Rp835 billion, increased 29% from 2010, while sales revenue inched up 3.9% to Rp20.6 trillion. The company’s performance weakened...
May 3, 2012 | Commodities, Industries, News Group
Iron ore contract prices are expected to remain at the current levels in the range of US$120-140 per ton FOB for the foreseeable future. How come that Yiwan Group, which sold over 1 million tons of iron ore in 2010 only generated turnover of RMB172 million? How much...
May 1, 2012 | Commodities, Industries, News Group
Borneo Lumbung’s Samin Tan reportedly plans to acquire Bumi Resources Minerals (BRMS) from Bumi Resources (BUMI). It was Bumi Plc, which initially planned to acquire BRMS. We all know what happened in the past few months. Borneo Lumbung is now partner of Bakrie...
Apr 20, 2012 | Commodities, Industries, News Group
Bhakti Coal Resources (BCR), controlled by Harry Tanoesoedibjo family, claimed to have started commercial coal production at two of its coal mines. One of them reportedly produced 90,000 tons per month, while the other one 100,000 tons per month. How about AKR, Salim,...
Apr 12, 2012 | Commodities, Industries, News Group
Some people, including major coal players, believe falling prices have prevented smaller players from continuing production. They expect that would lead to a new balance in supply-demand. Unfortunately, that might not be the case. In this report: (1) Killara...
Apr 12, 2012 | Industries, Mining, News Group
For some, gold is GOD. It stays above US$1,700 per ounce. Gold producers in Indonesia could produce gold with cash cost of less than US$700 per ounce. Gold is good, they say. They keep searching for gold in the archipelago from Miwah, Aceh (East Asia Minerals Ltd) to...
Apr 12, 2012 | Industries
In the past few hours, we read lots of statements from Pertamina CEO Karen Agustiawan related to the state oil and gas company’s intention to become the largest player in Indonesian petrochemicals. The company entered into two major partnerships. First with...
Apr 10, 2012 | Agriculture, Industries, News Group
Tiran Group plans to build two sugar mills with investment cost of around US$415 million in South Sulawesi. The group claimed to have acquired 7,000 hectares land for sugar cane plantation. The group plans to produce 200,000 tons per annum of sugar to serve consumers...
Apr 10, 2012 | Industries, Market, News Group
Bank Tabungan Negara (BBTN) has finally kicked off the issue of 1.51 billion new shares (rights issue) at Rp1000-1400 per share to raise up to Rp2.12 trillion. The government, which currently owns 71.85% shares, will not exercise its rights. That means the...
