Aneka Tambang (ANTM): FY16 Results & Outlook
State miner Aneka Tambang (ANTM) booked net profit of Rp65 billion last year against loss of Rp1.44 trillion in 2015. The Company’s performance improved significantly in the fourth quarter, thanks to higher prices of nickel. Still, with earning per share of Rp3 only, the Company needs to report 10 times of last year’s profit this year to justify the current stock price.
FY16 Results & Outlook: LSIP & SIMP
PT London Sumatra Plantations (LSIP) Tbk, controllled by Salim Group, booked net profit of Rp594 billion last year, down 4.7% from 2015, despite 110% jump in the fourth quarter of 2016 due to rally in crude palm oil (CPO) prices. Shares of LSIP, however, have fallen almost 20% from its recent peak as investors were nervous about possible correction of CPO prices. They anticipate significantly higher output this year because El Nino impact has disappeared. Really?
Matahari Dept Stores (LPPF): FY16 Results & Outlook
Shares of Matahari Department Stores (LPPF) ended lower by 2.5% to Rp13650 Tuesday (Feb 28). That means the stock has lost almost 40% its value from peak (June 2016) even though LPPF reported net profit of Rp2.02 trillion, an increase of 13.3% from 2015. Sales revenues and profitability softened in the fourth quarter of 2016.
Siloam Hospitals (SILO): FY16 Results & Outlook
Shares of Siloam Hospitals (SILO) ended lower by 3.83% Tuesday, but the stock is among the best performing stocks in the past 12 months with 85.7% gain. Siloam, controlled by Lippo Group, is also among companies continued expansion program despite economic slowdown in the past two years.
Property Players to Watch: Cempaka Group
PT Cempaka Bersama Maju (Cempaka Group) is an emerging property player with projects in various cities like Jakarta, Depok, and South Tangerang. The group is known as pioneer of apartment for students. The group also plans an initial public offering in the next few years. Who’s behind the Group?
Timah (TINS): FY16 Results & Outlook
Shares of PT Timah Tbk (TINS), one of the world’s largest tin producers, ended higher by 3.13% to Rp990 Tuesday (Feb 28) as investors better performance of the Company this year. Stronger results in the fourth quarter lifted Timah’s net profit by almost 150% to Rp251.83 billion last year. Outlook?
Turning Indomobil Around?
Indomobil (IMAS), controlled by Salim Group, used to be the second largest automotive player in Indonesia behind Astra International (ASII). In recent years, however, Indomobil lost ground to other groups, including Honda and Mitsubishi-Nissan. Last year, the Company’s sales revenue dropped 16.6%, while net losses expanded 547% to Rp296 billion.
Astra (ASII): FY2016 Results & Outlook
Astra International (ASII) booked net profit of Rp15.16 trillion last year, an increase of 4.8% from 2015, thanks to stronger performance of automotive and heavy equipment & mining segments in the fourth quarter. Astra’s net profit jumped 57.2% in the last quarter of 2016, while sales revenues grew 6%.
Toll Road Projects Update
State-owned toll road developers and operators PT Jasa Marga (JSMR) Tbk and PT Waskita Toll Road (subsidiary of Waskita Karya/WSKT) have been directly assigned by the government to build toll road connecting Sukabumi and Padalarang in West Java province. The toll road will connect the Bogor-Ciawi-Sukabumi (Bocimi) turnpike being built by Waskita Toll Road and the Cikampek-Purwakarta-Padalarang (Cipularang), which is operated by Jasa Marga.
Infrastructure Journal No.07/2017
After two years of physical construction, the Kuala Tanjung port in North Sumatra is scheduled for commercial operation in the second half of 2017. President Joko ‘Jokowi’ Widodo, said he would inaugurate the port, a new international hub for Indonesia, later this year.