Sun Motor Group’s Property Business

Aug 4, 2017 | Profiles

Sun Motor Group, controlled by Sundoro Family, is known for its automotive business. According to the group’s website, the group now operates more than 60 outlets for Mitsubishi, Nissan, Suzuki, Chevrolet, Hino, Toyota, Renault in various cities in this country. ...

BAT-Bentoel, Eight Years Later Stuck in Number Four

Aug 3, 2017 | Profiles

Eight years ago, the British American Tobacco (BAT) acquired majority shares of PT Bentoel International Investama Tbk (RMBA) from Peter Sondakh’s Rajawali Group at enterprise value of Rp5.88 trillion. Peter walked away with Rp3.35 trillion for his portion of the...

Salim Group’s Next Move in Financial Services Industry

Aug 2, 2017 | Profiles

Media outlets have generally pointed to Salim Group as owner of Bank INA Perdana (BINA), a small bank with total assets of Rp2.9 trillion only. Salim’s name contributed to around 600% gain in BINA shares year-to-date. At the current price, Bank INA already has market...

Sariaatmadja’s Emtek & Huge Tech Bet

Aug 1, 2017 | Profiles

Elang Mahkota Teknologi (EMTK), a company controlled by Sariaatmadja Family, booked net profit of Rp214.6 billion in the first half of 2017, skyrocketed from Rp55.5 billion in the corresponding period last year. But, as the group expanded its business beyond media and...

First Half of Bakrie Group (1): Bumi Resources

Jul 31, 2017 | Profiles

Bumi Resources (BUMI), the largest coal producer in Indonesia, booked net profit of US$162.25 million in the first half of 2017 against loss of US$20.8 million in the same period of 2016. But, this is not exceptional, because most of the profit was attributable to...

Those Competing in the North Bali International Airport Project

Jul 31, 2017 | Profiles

Kuta, Nusa Dua, Jimbaran, Uluwatu, Sanur, Petitenget, Ubud, and Tanah Lot are famous tourist destination located in southern part of Bali Island. Menjangan, Pemuteran, and Lovina beach in northern part of the resort island, are also famous worldwide, but difficult...

Bank Mayapada’s Aggressive Mode Continues, Next?

Jul 29, 2017 | Profiles

Bank Mayapada (MAYA), co-owned by Dr Tahir (owner of Mayapada Group) and Taiwanese company Cathay Life Insurance Co Ltd, is the fastest growing bank in the country. In the first six months of this year, the bank’s total assets expanded by 16.6% to Rp70.9 trillion....

Telkom’s First Half: Weaker Second Quarter & The Growing ‘Other Businesses’

Jul 27, 2017 | Profiles

Telkom (TLKM), the state-owned ICT company, which is now the largest company on Indonesia Stock Exchange (IDX) by market capitalization, booked net profit of Rp12.1 trillion in the first half of 2017, an increase of 21.9% from the corresponding period 2016. While...

Another Lawsuit against Tanri Abeng

Jul 26, 2017 | Law, Profiles

One general contracting company has filed lawsuit against an entity controlled by Tanri Abeng, chairman of state-owned oil and gas company Pertamina. The plaintiff accused the defendant of breaching contract, and accordingly asks the court to seize Tanri’s house and...

First Half Results: Multi Bintang

Jul 25, 2017 | Profiles

Beer and beverage producer PT Multi Bintang Indonesia Tbk (MLBI) booked net profit of Rp645.7 billion in the first half of 2017, jumped by 45% from the corresponding period last year, but its sales revenue actually slipped 1.9% to Rp1.5 trillion. Cost of sales,...