Tag: INKP

Bright Spot of The Economy: Pulp & Paper

Pulp and paper producers are clear winners of the year, so far. Shares of PT Fajar Surya Wisesa (FASW) Tbk, for example, have gained nearly 100% in the past 12 months. Indah Kiat (INKP) and Tjiwi Kimia (TKIM), meanwhile, have skyrocketed 623% and 1,091% respectively in the same period. Apparently, these companies reported strong financial performance in the first half.

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Bright Spot of The Economy: Pulp & Paper

Pulp and paper producer PT Indah Kiat Pulp & Paper (INKP) Tbk, controlled by Sinarmas Group, is among the best performing stocks with 168% gain year-to-date. At the current price, Indah Kiat has market capitalization of Rp79 trillion or 1.7 x equity (US$3.37 billion by March 31, 2018).

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Corporate Actions & Results

Flag carrier Garuda Indonesia (GIAA) claimed that its earning improved in the first quarter (Q1) this year, and so it is optimistic to book profit this year. Pahala N. Mansury, GIAA’s president director, said that the airliner had implemented some strategies that support earning improvement.

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Those Who Continue to Invest

Mining firm Toba Bara Sejahtera (TOBA) spent US$28.2 million for investment in 2017. Its investment spending surged 154% from US$11 million invested in 2016. TOBA acquired fixed assets of US$6 million last year, compared to US$3.1 million investment in previous year. TOBA also boosted investment in mining properties to US$5.73 million in 2017, from US$4 million in 2016.

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