Monday, April 22, 2013

Indonesia Market Summaries 22 April 2013

Lippo Karawaci booked Rp1.15tn 1Q13 marketing sales

LPKR has reported a 1Q13 marketing sales of Rp1.15tn which is 16% of their full year target of Rp6.8tn where township development still became the major contributor of 64.5% followed by condominiums which contributed 35.2% of total 1Q13 marketing sales. Within LPKR, LPCK itself contributed Rp551bn or 47.9% of LPKR’s total marketing sales. LPCK’s 1Q13 marketing sales is equivalent to 22% of LPCK’s full year target of Rp2.4tn. LPCK’s sales include Rp366bn from residential (66.4% of LPCK or 31.8% of LPKR), Rp15bn from commercial (2.8% of LPCK or 1.3% of LPKR), and Rp170bn from industrial (30.8% of LPCK or 14.8% of LPKR). Other major contributors from LPKR include Kemang Village (18.4%) and Tanjung Bunga (10.4%). (Company Release)

Sinarmas Land’s  Deltamas prepares for IPO

Quoted on local news that PT Pembangunan Deltamas is preparing for IPO soon. The company develops a 3,000ha township, Kota Deltamas, in Cikarang, Bekasi and is owned by Sinarmas Land and Sojitz. The company’s IPO plan made the tentative IPO list to 20 companies who are planning to go public between May and July. (Bisnis Indonesia)

Oil production remains lower than government’s target

Oil production along 1Q13 reached 830,900 barrel per day which is higher than end last year at 825,000 barrel per day yet still lower compared to government’s realization target at 900,000 barrel per day (Bisnis Indonesia)

The government postponed hike on 12 kg LPG

The ministry of energy, Jero Wacik, suddenly asked Pertamina to postponed the increase on 12kg LPG. Meanwhile, Pertamina was planning to announce the increase yesterday due to change of distribution for non-subsidized LPG (Bisnis Indonesia)

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