Corporate Actions: Sari Roti and Indofood
Nippon Indosari (ROTI) and Indofood CBP (ICBP) are two of the largest food and beverage producers—-all associated to Salim Group—-in their respective products. ROTI is market leader for bread, while ICBP is the largest for instant noodle. ICBP’s sister company Bogasari Flour Mill is also the largest in flour industry.
A More Aggressive PTPP
We attended public expose of PT Pembangunan Perumahan Tbk (PTPP) Wednesday (Aug 3) to get better understanding about the company’s future plans. The Company has yet to release its first half 2016 financial results, pending limited review for the issuance of new shares. First quarter results were quite promising to achieve its full year target.
Revisiting Semen Baturaja
Shares of Semen Baturaja (SMBR), the smallest cement producer listed on IDX, closed flat at Rp1125 Wednesday (Aug 3) after soaring to its historic high of Rp1225 in the morning session. Some investors decided to realise their gains because the stock has surged by 365% from its bottom. At the current price, SMBR is valued significantly higher than Semen Indonesia (SMGR) and Indocement (INTP), two of the largest cement producers in the country.
Salim-Daitocacao in Chocolate Business
PT Salim Ivomas Pratama (SIMP) Tbk, member of Salim Group, has entered into a memorandum of understanding with Japanese company Daitocacao Co Ltd to start a collaboration discussion towards establishment of a joint venture in Indonesia for manufacturing and marketing of chocolate products for commercial use.
Revisiting Sido Muncul & Ultrajaya
Shares of Sido Muncul (SIDO), the largest consumer herbal producer, gained more than 3% Wednesday (Aug 3) as investors responded positively the group’s growth and expansion plans. At the current price, Sido Muncul has market capitalization of Rp9 trillion, way below milk producer Ultra Jaya (ULTJ), which has Rp12 trillion of market value.
Corporate Actions: DMAS, PPRO, BKSL, and WTON
We attended public expose of four property and construction material companies during the second day of 2016 Investor Day yesterday to get better understanding about their corporate actions. They are Puradelta Lestari (DMAS), PP Property (PPRO), Sentul City (BKSL), and WIKA Beton (WTON).
Luhut vs Archandra?
The Government of Indonesia has put in place the mineral export ban since January 14, 2014, for contract of work (KK) holders and mining license (IUP). The export ban is a mandate of Law No. 4/2009 on Minerals and Mining (Minerba). Mining companies are thus required to build smelters. But to date, there hasn’t been much progress.
Sojitz-Capital Medica Enter Indonesian Healthcare Industry
Malaysian company KPJ Healthcare Berhad, Sojitz Corporation, and Capital Medica Co (Japan) have signed a memorandum of understanding for the proposed opening of an oncology centre at Rumah Sakit Medika Bumi Serpong Damai (BSDE), Banten province, Indonesia.
Sime Darby Enters Hanson’s Maja City Project
Malaysia’s property giant Sime Darby Berhad, I&P Group Sdn Bhd, and SP Setia (Indonesia) Sdn Bhd have on Tuesday, August 2nd, signed memorandum of understanding with PT Hanson Indonesia (MYRX) Tbk for the development of 500 hectares if land in Maja, Tangerang, Banten province.
Pay TV in First Half: Telkom Gets More, MSKY Weakens Further
Competition in the Pay TV market intensified with aggressive expansion of Telkom’s IndiHome service. In the second quarter, Telkom’s revenues from pay TV has surpassed LinkNet (Lippo Group), closing further the gap with market leader MNC Sky Vision (MSKY).