Indonesia Market Summaries April 17 2013

SSIA announced dividend growth of 170%

Surya Semesta announced that they will pay Rp141.2bn or Rp30/sh as dividend which implies 170% growth yoy. The dividend growth is in-line with the company’s net profit growth of 175% in FY12. (Bisnis Indonesia)

AISA increase CAPEX to IDR 808.9 Billion

PT Tiga Pilar Sejahtera Food (AISA) in Indonesia Market Summaries,  has set aside IDR 808.9 Billion for capital expenditure. The CAPEX will be allocated to develop two rice mills, which would double grain production to 240,000 ton a year. The remainder of the CAPEX budget will be used for their plantation division, notably palm oil. They are planning to garner additional land, amounting to 770 hectares. Lastly, the smallest portion of their CAPEX would be allocated into their food division. Specifically, the Company is planning on adding more production lines within their factories. Another note, the Company is also planning to increase the price of their products by about 5% this year. (Kontan)

JAPFA developing feedlot and breeding center in China

PT Japfa Comfeed Indonesia is currently developing a breeding center and feedlot for livestock in China. The output target would be to breed, and essentially ‘fatten’, 90,000 cows per year or 30,000 cows per cycle (each cycle being four months). (Kontan)