Shares of cocoa processor and forestry company PT Bumi Teknokultura Unggul (BTEK) Tbk declined further by 1% to Rp910 Monday (June 19). That means the stock already lost 26% its value year-to-date and 41.3% from its peak. Investors responded negatively BTEK’s poor performance in the first quarter.

UK company Aggreko has announced the acquisition of PT Kerta Bumi Teknindo (KBT), a power rental company, as key component of Aggreko’s strategy to expand its operations and investments in Indonesia. The acquisition intensifies competition in the temporary power services business in the country.

Agritrade Resources Ltd, a company listed on the Hong Kong Stock Exchange with coal mining and fuel operation business in Indonesia, is an example of resilience of low-calorie coal producers in the country. The Company booked profit after tax of HK$312.52 million from sales revenue of HK$1.44 billion for financial year ended March 31, 2017.

National Police will declare status of media mogul and politician Hary Tanoesoedibjo in an alleged threat to Yulianto, the head of the subdirectorate for special crimes investigation of the Attorney General’s Office (AGO), next week. The statement effectively denied earlier statement from Attorney General HM Prasetyo suggesting Hary’s status as crime suspect in the case.

Media billing and ICT retailer PT Skybeen Tbk (SKYB), controlled by the same shareholder of the troubled Trikomsel Oke (TRIO), booked zero sales revenue in the first quarter of 2017. So, no improvement from the corresponding period of 2016. The Company’s total asset was only Rp34.8 billion, crashed from Rp851 billion in December 2011.

Nickel miner and processor PT Central Omega Resources Tbk (DKFT) predicts net profit of Rp364.7 billion or Rp65 per share next year, jumped from an estimated net profit of Rp163 billion or Rp28.9 per share this year. The current price, accordingly, is seen very cheap with PE multiple 6.4 only. Really?

Few months ago, we speculated on possible future action from Anthoni Salim in water business, especially in Indonesia. On Thursday (June 8), Moya Holdings Asia Ltd, indirectly controlled by Anthoni, executed and completed a share purchase agreement for Acuatico Pte Ltd. Moya Holdings acquired Acuatico from Avenue Luxembourg S.A.R.L. and Hagerty Investments Ltd.

PT Aston Inti Makmur (AIM), a subsidiary of Indofood Group, has on Wednesday (June 7) entered into two conditional sale and purchase agreements with Anthoni Salim and PT Adithya Suramitra (ADS), which is also controlled 100% by Anthoni, regarding six plots of land for an aggregate cash consideration of Rp2.19 trillion or US$164.4 million.