A private bank named BUMI
PT Bumi Resources (BUMI) Tbk lost another 3.66% yesterday to Rp1840. BUMI is now the top loser in Top 20 stocks on IDX (by market cap) with 24.1% fall so far this year. Endless announcements (claimed to be the most credible) failed to boost investors' confidence. Why?...
Peter Sondakh
Peter Sondakh, the owner of Rajawali Corporation Group, was born in Surabaya, East Java from a native Manado father and Dutch-born/nationality mother. His first wife was a Thailand-born woman. From this marriage, Peter has two children, Claudia & Charles, both grown-up. The second wife, a Singaporean named Evi whose family owns Peninsula Hotel chains in Singapore & Indonesia. Peter has one child from this marriage.
Adaro & BHP project
Adaro Energy (ADRO) surged 25.7% so far this year, second best behind Indika Energy (INDY) in major coal-related stocks. The stock steadily increased in the past three weeks on "expectation" of 25% equity participation in Maruwai coking coal project with BHP Billiton....
The Soeryadjayas
Respected founder of Astra International, William Soeryadjaya, passed away last week at 87. He survived a wife, Lily, four children, and twelve grandchildren. Bitterly lost his crown jewel, Astra Group, William’s children have tried to establish their own business empires for the third generation to grow.
Asia Food & Properties
Food and property arm of Sinarmas Group, AFP, reported net profit of S$153.46 million last year, inched up 0.4% from 2008 despite a strong 40.3% growth in operating profit. Last Thursday, crossing of 1.77 billion shares in its unit PT Bumi Serpong Damai (BSDE) Tbk,...
Astra International
PT Astra International (ASII) Tbk reported net profit of Rp10 trillion last year, increased 9% from 2008 on improved margin. The management proposes a 29% increase in full year dividend. The stock, meanwhile, declined 1.5% today. ASII booked net sales revenue of...
Adira’s hefty profits & motorists
For two consecutive years, consumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk, a subsidiary of Bank Danamon, reported return on equity (ROE) over 38% per annum, thanks to the generosity of motorists to pay effective interest rate of up to 41.5% per...
Aneka Tambang
In November 2007, Aneka Tambang (ANTM) was a US$4.8 billion company. Yesterday, the company's market cap was US$2.17 billion. The fall of metals prices affected the company seriously. The company reported net sales of Rp8.64 trillion last year, declined 10% from 2008....
First Resources & Martias Family
Ciliandra Fangiono, CEO of First Resources Ltd, is named among the richest in Indonesia. His father was sentenced 1.5 years in prison for a corruption case implicating former East Kalimantan governor three years ago. But now the former forestry giant is among the elites in palm oil business.
Adimitra Baratama, who’s behind?
PT Adimitra Baratama Nusantara has just awarded a US$200 million five-year mining contract to PT Petrosea (PTRO) Tbk to develop its Sanga Sanga coal mine in East Kalimantan. Who's behind Adimitra? The new contract with PT Adimitra baratama is set to commence in August...