Asia Kapitalindo & Bakrie action
Brokerage firm PT Asia Kapitalindo Securities Tbk or AKSI (literally means "action") has just published its 2008 financial results with net profit of Rp0.6 billion, dropped 93% from 2007. That's not the interesting part. The firm's repurchase agreement (repo) deal...
2008 Results: Mandom, BAT & Bentoel
Consumer goods producer PT Mandom Indonesia Tbk reported net profit of Rp114.8 billion last year, inched up by 3.2% despite strong sales growth. Meanwhile, cigarette producer PT BAT Indonesia Tbk reported net loss of Rp86.6 billion, jumped 153% from net loss of Rp34...
Astra’s performance
PT Astra International (ASII) Tbk booked net profit of Rp9.19 trillion or around US$840 million last year, increased 41% from 2007 on strong revenue growth of 38%. Last year probably one of the most profitable year for Astra thanks to commodities and automotive sales....
Adira’s profit & motorists
Consumer financing company PT Adira Dinamika Multi Finance (ADMF) Tbk reported net profit of Rp1.02 trillion in 2008, jumped 82.4% from the previous year on unbelievably high interest rate paid by motorists. With earning per share of Rp1020 last year, ADMF is...
Adaro performance
PT Adaro Energy (ADRO) Tbk is currently twice the size of PT Bumi Resources (BUMI) Tbk in terms of market capitalization. ADRO announced its 2008 operation activities where coal production increased 7% to 38.5 million tons while sales increased 9% to 41.1 million...
ASABA Group, so far
Remember the tragic death of Boedyharto Angsono? Looks like the family has left the tragedy behind. Asaba Group, controlled by Angsono family, has expanded its business significantly in recent years. Established in 1962 as stationary products distributor, Asaba Group...
Ciliandra repurchases bonds
Ciliandra Perkasa Finance Company Ltd has repurchased US$5 million bonds due 2011 leaving the outstanding amount of US$140.8 million. How about the company's performance? PT Ciliandra Perkasa Tbk, a company controlled by First Resources Ltd (95.91%) and PT...
Argo Manunggal Group
Argo Manunggal is a diversified business group with five major divisions: textile, steel, property, rubber, and non-core. The group once had 61 companies, of which 22 of them defaulted loans to banks. What's happened since the crisis? The group was listed as biggest...
ASIA’s extreme makeover: From grain to nickel
This is another ’victim’ of commodity and mining hype. PT Asia Grain International (ASIA) Tbk decided to leave grain processing business and transformed into mining business. ASIA told IDX today that the company will consolidating PT Tekonindo, but the scheme has yet...
An intimate look at Intim Group
One thing we should give two thumbs up to Kalla Family is their transparency. The family explains its business through the world wide web, even though not all of them, just like others. This time, let’s take an intimate look at Intim Group. As we reported earlier...