Mayora Indah (MYOR): FY16 Results & Outlook
Food processor Mayora Indah (MYOR) booked net profit of Rp1.36 trillion last year, an increase of 11.1% from 2015, thanks to strong performance in the fourth quarter. Mayora, which is among companies aggressively expanded production facilities and grow export market, reported 30.6% jump in net profit for the quarter.
Hospitality Player to Watch: Lariz Hotel
Improved public infrastructure will likely grow tourism industry significantly in the coming years. Business players anticipate the growth with investments in the hospitality industry, especially hotels. Lariz Hotels & Resort Management is one of those hospitality players with rapid growth in the past two years. Established in 2015, Lariz Hotel now manages hotels and villa in several cities like Jakarta, Bogor, Bandung, and Makassar. Who’s behind the group?
Semen Baturaja (SMBR): FY16 Results & Outlook
PT Semen Baturaja Tbk (SMBR) has dropped 11.7% from its peak, but still considered the most expensive cement stock in the market. It is now traded with PE multiple 101.2 on its historical 2016 earnings, while market leader PT Semen Indonesia Tbk (SMGR) is traded with PE multiple 12. While sales revenues grew 4.2%, net profit collapsed 26.8% to Rp259 billion only last year.
Poor Q4 Drags Down PGAS, Next?
Shares of oil and gas company PT Perusahaan Gas Negara (PGAS) Tbk eroded 4.15% to Rp2540 Friday (March 17) with over 122 million shares exchanged hands as investors were disappointed with poor results in the fourth quarter of 2016, which forced PGAS to report 24% fall in net profit for the whole year.
Corporate Results: Tunas Baru Lampung, Indocement, and Prodia
Shares of Tunas Baru Lampung (TBLA), producer of palm oil & derivatives and sugar, opened higher to respond strong performance of the company last year. Second largest cement producer Indocement (INTP), meanwhile, lost almost 2% in the morning session as some investors responded negatively deeper corrections in the fourth quarter of 2016. Newly listed healthcare services provider PT Prodia Widyahusada (PRDA) Tbk gained 2% in the morning session as the Company reported strong performance in 2016.
Revisiting Kris Wiluan’s KS Energy
KS Energy Limited, a company controlled by Indonesian businessman Kris Wiluan listed on Singapore Exchange (SGX), once had market value of S$1.9 billion. That was ten years ago. Yesterday, the stock declined 1.28% to S$0.08 to make a market value of S$42 million only, less than half of its equity.
Those Continue to Invest in Indonesia: Meiji
Meiji Co Ltd, one of the largest business groups in Japan, has a long presence in Indonesian business. Started back in 1974 when it established PT Meiji Indonesian Pharmaceutical Industries in partnership with Tjipto Pusposuharto and others, Meiji has since expanded its portfolios in Indonesia to include food & beverages.
Kimia Farma (KAEF): FY16 Results & Outlook
State-owned pharmaceutical company PT Kimia Farma Tbk (KAEF) booked net profit of Rp267.4 billion last year, relatively flat compared to 2015 (Rp261 billion). The Company actually posted strong sales revenue growth of 22% to Rp5.8 trillion. Its gross profit also improved substantially by 21% to Rp1.86 trillion, but operating profit improved only by 13.3%, while financial charges surged by 66%. Combined with significant increase in tax expenses, KAEF then posted flat growth in net profit.
Revisiting Indonesian Alumina Industry
Last year was a better year for Indonesian alumina industry, at least in terms of sales revenues. Higher volume and average price of aluminium in international market, especially in the fourth quarter, contributed to the growth. PT Indonesia Chemical Alumina (ICA), a joint venture between Showa Denko (Japan) and Aneka Tambang (ANTM), for example, generated sales revenue of Rp471.95 billion, jumped by 64% from 2015.
Toll Road Projects Update
State-owned toll road developer and operator PT Jasa Marga Tbk (JSMR) has just provided updates about its toll road projects by the end of February 2017. Hutama Karya, fellow state owned company assigned to build trans-Sumatra toll road, has also updated public about status of toll road projects by March 10, 2017. Combined, they add credibility to the program pushed by Jokowi-Kalla administration.