Integrated poultry player Japfa Comfeed (JPFA) booked net profit of Rp761 billion in the third quarter ended Sept 30, 2016, skyrocketed 508% from the corresponding period of 2015 on improved margins despite softer sales growth year-on-year. Japfa then reported net profit of Rp1.73 trillion in the first nine months of 2016 against loss of Rp147 billion in the corresponding period of 2015.

PT Kino Indonesia Tbk (KINO), consumer goods player, reported net profit of Rp185 billion in the first nine months of 2016, inched up 0.7% only from the corresponding period of 2015 due to substantial downfall in the third quarter.

Shares of SGX-listed Innovalues Ltd opened lower by 0.51% after its trading resumed following confirmation about the proposed acquisition of all shares by Northstar Advisors Pte Ltd for S$1.01 per share. With an outstanding share capital of 328.1 million, the consideration value of Innovalues is approximately S$331.4 million.

Full Right, a wholly-owned subsidiary of Prosperity International Holdings (HK) Limited, a company listed on the stock exchange of Hong Kong, has agreed to acquire 25% shares of Indonesia Conch, a subsidiary of Chinese cement giant Anhui Conch, for HK$450 million.

We have long speculated on Astra Group’s property business. But, only yesterday, Astra International (ASII), market leader in automotive industry, declared property as its new business line to complete their existing six business lines—-automotive, financial services, heavy equipment & mining, agriculture, infrastructure & logistics, and information technology.

Shares of Trada Maritime (TRAM), a troubled shipping company, suddenly jumped 34% Wednesday afternoon with 858 million shares exchanged hands. Pelayaran Tempuran Mas (TMAS), one of the most profitable shipping companies survived the crisis, on the other hand, lost almost 3% to respond third quarter results

PT Chandra Asri Petrochemical (TPIA) Tbk, the largest petrochemical company in Indonesia, continued its strong performance in the third quarter, where it posted net profit of US$85 million, more than six times the profit recorded in the same quarter of 2015.

PT Unilever Indonesia Tbk (UNVR), market leader for personal, home care, and foods & refreshments, booked net profit of Rp1.45 trillion in the third quarter of 2016, an increase of 16% from the corresponding period of 2015, despite softening of sales growth.

Last week the President announced that fuel prices are to become the same across the entire archipelago. The President made the announcement while he was visiting Papua—due to weak infrastructure and poor distribution channels, prices of gasoline and diesel are about ten times as expensive in Papua compared to Java. In order to realize President Joko Widodo’s “One Fuel Price” policy, state-owned oil and gas company Pertamina will need to invest about Rp380 billion in additional infrastructure.

Telco giant PT Telekomunikasi Indonesia (TLKM) Tbk booked net profit of Rp14.73 trillion in the first nine months of 2016, an increase of 27.6% from the corresponding period of 2015, thanks to strong performance in the first half. In the third quarter, Telkom’s growth in sales, operating and net profit were moderated.