If you have US$1, is it better to buy four shares of Medco Energi (MEDC) at Rp2750 per share or 122 shares of Energi Mega Persada (ENRG) at Rp94 per share? Using first quarter 2014 performance of both companies, some might prefer to buy ENRG shares which are now...
Cita Mineral Investindo (CITA), a company controlled by Harita Group, booked net profit of Rp629 billion last year, skyrocketed 223% from 2012, thanks to aggressive export of cheap bauxite ores to China. The company’s sales revenue expanded by 58% to Rp4.12...
J Resources Asia (PSAB), a gold producer controlled by Johan Lensa Family, is still dealing with years of legal battle over gold asset in North Sulawesi against the family of Jusuf Merukh. J Resources added a new legal case related to Pani gold project in Gorontalo...
ASX-listed Intrepid Mines Ltd (IAU) has entered into settlement agreement with a group of Indonesian investors led by Edwin Soeryadjaya related to the dispute over Tujuh Bukit gold project in Banyuwangi, East Java. One Asia Resources Ltd (OAR), meanwhile, is now...
Shares of Perusahaan Gas Negara (PGAS) opened lower by 2.4% to Rp5175 this morning. While the stock has gained 25.6% from its bottom early this year, PGN is still way below (-20%) its peak last year, while other blue chip stocks have either recovered or surpassed last...
Two years ago Indika Energy (INDY) raised more than US$100 million from placement of shares to some investors arranged by Citigroup and Macquarie at Rp3600 per share. Today the stock is traded at Rp1455, representing almost 60% loss. In the past twelve months,...
Hess Corporation has completed divestment of its assets in Indonesia to Perusahaan Gas Negara (PGAS) and a consortium of Pertamina & PTTEP. Santos Ltd, meanwhile, is now working on Ande-Ande Lumut field, where it invested A$188 million. Despite administrative...
Sengkang is located in Wajo Regency, South Sulawesi province. This is where ASX-listed Energy World Corporation (EWC) operates 315-MW gas-fired power plants and is working on mini liquefied natural gas (LNG) project. They are all fed by Sengkang gas field within the...
Elnusa (ELSA), an oil and gas supporting services company, booked net profit of Rp238 billion last year, jumped by 86% from 2012 despite 13.9% fall of revenues due to falling seismic activities. What happened with Benakat Integra’s investments in Elnusa? What an...
Vanadium, according to Wikipedia, is used as an alloy called ferrovanadium, an additive to improve steels. The metal is lot more expensive than copper. This is one of metals heavily invested by Indonesian conglomerate Salim Group through Atlantic Ltd, a company listed...
