Cement producers yet to see the light, and probably have to wait few more years. Indocement Tunggal Prakarsa (INTP), the second largest player in the market, booked net profit of Rp355 billion in the first half of 2018, crashed by 60% from the corresponding period last year as profit margins were squeezed further.
Read MoreStronger coal prices will boost earnings of coal producers this year. Starting from 2015, coal prices have been in an upward trend; a trend that is continuing to date. Strong international demand led to higher reference price of Indonesian thermal coal for June 2018 at US$96.61 per ton, up 28.03% year-on-year, and 7.9% from May.
Read MoreIndocement Tunggal Perkasa (INTP), the second-biggest cement producer in Indonesia, is working towards boosting its operational and financial performance this year. INTP plans to boost sales volume (8-9% growth target), to increase selling price by 2-3% (in gradual), to add terminals for retail market, and to supply cement for power plant and port projects. INTP allocates capital expenditure (capex) of Rp1.35-1.4 trillion for building new terminals.
Read MoreCement producer Indocement Tunggal Prakarsa (INTP) allocates capital expenditure (capex) of Rp1.5 trillion this year for building a terminal located in Lampung (Sumatera) and quarry in Gunung Batu, Jonggol (West Java). The Company previously inaugurated a terminal project in Palembang (Sumatera). Last year, INTP completed the construction of 14 units of brown field project-plant located in Citereup, Bogor. It will fund its capex by internal cash, which reached Rp8.29 trillion per December of 2017.
Read MoreMore companies have released their financial results for 2017. Pretty much as predicted, cement producers and retailers saw their net profit margins eroding substantially, while pharmaceuticals enjoyed double-digit margins. In this report: Indocement Tunggal Prakarsa, Fast Food Indonesia, Merck, and Darya Varia Laboratory.
Read MoreIndonesia’s second-biggest cement producer Indocement Tunggal Prakarsa (INTP) will start operating its new cement terminal in Palembang (South Sumatra) in the first quarter of 2018. This terminal will strengthen the...
Read MoreInvestors were focused on buying cigarette, cement, coal, and retail stocks in the first week of trading this month as the sectors are expected to experience positive growth. Cigarette producer HM Sampoerna (HMSP) gained 3.2% on Friday last week and became the prime mover for market gain. HMSP gained 2.5% year to date, while its peer Gudang Garam (GGRM) only rose 0.56%.
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