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...
Asam Jawa Group & People Behind
Asam Jawa Group is among the major players in palm oil plantation business. Who are the shareholders? Relationship with the military? Asam Jawa Group operates plantations in North Sumatra, Riau, and Central Kalimantan. Low-profile, this group rarely made headlines,...
Indadi Group Coffee & Guns
What a business combination this group has. Coffee, lollipop, candy, pistols, guns, toll roads, and missiles! Who are people behind? What kind of relationship it has with those in power, especially military? Tempo magazine reported this week about fit proper test on...
Bahtera Adiguna & groups behind
PT Bahtera Adiguna Samudera Tbk issued shares few years ago with IPO price of Rp675. Today, the share price touched Rp165 with last trading in March. The company didn't provide details to JSX on the new business. But there are some interesting assets related to the...
Astrido Group & People Behind
There are at least 40 companies under Astrido Group. One of its important asset is Bank Akita which had total asset of Rp817 billion as of July 2007 with net profit of Rp8.7 billion in the period of Jan-July 2007. Astrido acquired the bank in 2001 with capital...