Sumitomo in Indonesia (2)
Sumitomo Corporation has decided to invest 3 billion yen to build hydraulic excavators factory in Karawang, Indonesia about three months ago. This would be a serious competitor to Komatsu (United Tractors), Hitachi (Hexindo), and Caterpillar (Trakindo). How about...
Inovisi Infracom: Real Deal?
Inovisi Infracom (INVS) is now a company with market capitalization of Rp15.3 trillion, bigger than Indika Energy (INDY). The company has announced various acquisitions in the past two years. Acquired B2B e-commerce company for US$40 million, purchased Ozura World for...
Trisurya Group & People Behind
Established in 2008, Trisurya Group is a growing resources player in the country. At least that's what the group claimed in its website. One of its subsidiaries worked with Sojitz for coal-fired power plant project in Bali three years ago. That's right! We're talking...
A More Aggressive Citra Marga
National media reported early this week that toll road operator PT Citra Marga Nusaphala Persada (CMNP) Tbk plans to enter mining infrastructure business in partnership with San Miguel Corp. The company also sets an ambitious target for 2012. Who's in charge? First of...
Reality Check on Tempo Scan
Tempo Scan Pacific (TSPC), the second largest pharmaceutical company listed on Indonesia Stock Exchange (IDX), is not a liquid stock like Kalbe Farma (KLBF), despite placement of 800 million shares to some investors few months back. Since the placement, Tempo Scan...
Li Ka Shing & Indonesia
Li Ka Shing is still the richest man in Hong Kong, according to Forbes. Li is also one of the largest investors in Indonesia, ranging from infrastructure to energy. He was involved in Mitra Rajasa-Apexindo deal, reportedly as creditor, which turned sour. Mr Li's major...
Indoland Group: Beyond Land
In June last year, we published an article about PNE Micron, a small small company engaged in the production of electronic components. PNE Micron launched a reverse takeover of Bali property assets controlled by Indonesian business groups. Unfortunately, the deal...
Sumitomo in Indonesia
Sumitomo Corporation announced over the weekend a capital injection of Rp2.4 trillion or around US$218 million into two of its subsidiaries dealing with automotive financing PT Oto Multiartha and PT Summit Oto Finance—both are bond issuers listed at Indonesia Stock Exchange (IDX). But Sumitomo’s operation is clearly way beyond finance. This is the one of the largest groups with vast business interests in Indonesia, from minerals to LNG, and from steel to property.
Kentjana Widjaja & His Ventures
Three years ago, businessman Kentjana Widjaja, through Quattro Inti Investama, was among investors competing to acquire Berau Coal from Risjad family and Boy Thohir (shareholder of Adaro). We all know he lost in the race to Bakrie Group-led consortium. Very few...
Yap Hong Tjoen & Finansia
Dr Yap Hong Tjoen, according to Wikipedia, is a philanthropist from Yogyakarta, known as close friend of national education hero Ki Hajar Dewantara. He established the famous eye clinic Dr Yap. His son Dr Yap Kie Tiong took over management of the hospital in 1949.