Davomas & Petra Foods
Petra Foods Limited, a company listed on SGX, booked net profit of US$42.6 million in nine months of 2012, inched up 1.1% from the corresponding period of 2011 even though its sales revenue dropped 12% to US$1.14 billion in the period. Davomas Abadi, meanwhile, posted...
Mysteries surrounding The Joker
Joko Tjandra, convicted in the Bank Bali scandal along with former central bank governor Sjahril Sabirin, left the country hours before the Supreme Court judicial review announced. The owner of Mulia Group is leaving the country with tons of unanswered questions about his “trip” to Papua New Guinea on a chartered flight and the corrupt judicial system.
Sinarmas Stocks: Pretty Much on Their Own
Golden Agri-Resources (GAR) Ltd, a company controlled by Sinarmas Group, was one of the most traded stocks on Friday (Sept 7) on Singapore Exchange (SGX). More than 267 million shares were exchanged hands when the stock dropped 4.32% to S$0.665. On Indonesia Stock...
Tempo Scan Group & SBY (2)
Our first article about pharmaceutical giant Tempo Scan Group and President SBY was published on June 18, 2009. This second article is related to the inauguration of new office tower owned by Tempo Scan Group by President SBY on Wednesday (March 7, 2012). SBY talked...
Revisiting Hutrindo
Hutan Raya Indonesia (Hutrino) Group has been facing illegal logging allegations, bankruptcy filings, breach of contract filings, dispute with several banks and financiers in the past few years. Yet the group has expanded its business into plantations and mining....
Djoesianto Law & Network
Consciencefood Holding Ltd is a small cap on Singapore Exchange (SGX). It has market capitalization of S$85.2 million. That's probably why Mr Djoesianto Law has yet to be included in the Forbes' list of rich people. Still, it is interesting to watch Mr Law's...
Kagum Group
Started out business in fashion, Kagum Group has grown into a substantial property and leisure group in the country. The group might be considered king of factory outlets in the country. It has also expanded into banking and dinning business. We're talking about a...
Sebuku Group & Pulau Laut
Pulau Laut is an island southeast of South Kalimantan province. It is about three times of Singapore. Off east Pulau Laut, you'll find Sebuku Island, where Sakari Resources has one of its coal producing concessions. Sebuku Group's main concessions, meanwhile, are...
Asnim Brothers & Maneuvers
Malaysian company Lion Forest Industries Berhad has agreed to acquire 100% shares of plantation company PT Varita Majutama for a cash consideration of US$63.75 million. This is one of the largest acquisitions in the plantation sector year-to-date. What Asnim brothers...
Mercuria & Indonesian Operation
Reuters reported that three Morgan Stanley gasoline traders in Europe are set to join the Swiss commodity trader Mercuria, the latest Wall Street bank to lose traders to aggressive merchants. Morgan Stanley is pretty active here, including in some derivative contracts...