Indonesia Market Summaries 1 September 2014

PT Aneka Tambang Tbk (ANTM, Rp 1.195) to Obtain new loan USD75mn. ANTM will get a new loan worth $ 75 million (IDR 877,95 billion) from PT Bank UOB Indonesia. The credit will be used to meet the capital expenditure (capex) of 2015. (Kontan)

PT Telekomunikasi Indonesia Tbk (Telkom, TLKM, Rp 2.685, BUY, TP Rp 2,900) plans to divest 20% stake of PT Metra TV. TLKM plans to divest 20% stake in TV Metra to develop a streaming TV and Internet Protocol TV business (IPTV). Further details have not been delivered by the company. (Kontan)

Telkom and Telstra plan to provide the cloud computing service. TLKM and Telstra plans to provide cloud computing services began 2015. Telstra will provide network services and applications (NAS) for local and foreign corporate customers. Based on the company, both companies have approved the agreements to establishing the joint venture (JV). (Bisnis Indonesia)

PT Surya Semesta Internusa Tbk (SSIA, Rp 810) to expand in West Java. SSIA will expand in West Java through three projects. All this three are Surya Cipta Industi Karawang third phase, Technopark estatem, and additional new industrial land. The company is optimistic to meet the revenue target of IDR 4.5 trillion-5 trillion and net profit of IDR 400 billion to 500 billion this year. (Kontan)


PT Pakuwon Jati Tbk (PWON, Rp 434, BUY, TP Rp 510) to build the superblock in South Jakarta. PWON plans to build three superblock in South Jakarta began 2015. The Sources of funding will come from internal cash and presales revenue. The new project will be developed in an area of ​​4.2 hectares that have been acquired in TB Simatupang. (Kontan)


for Indonesia Market Summaries 1 September 2014

Indonesia Market Summaries 25 August 2014

PT Acset Indonusa Tbk (ACST, Rp 3.245) intends to expand its business into two new segments. Both are rental and sales of construction and heavy equipment; rental and sales of tower crane and passanger hoist. (Investor Daily)

The value of the acquisition of two subsidiaries, PT Benakat Integra Tbk (Bipi, Rp 121) by PT Saratoga Investama Sedaya Tbk (SRTG, Rp 5.000) fell to USD 60 million from the initial USD 78.5 million. The value of the purchase by SRTG subsidiary - Interra Resources Ltd - is based on consideration of oil reserves. (Investor Daily)

The new government Jokowi-JK intends to increase high-level income tax, above 500 million per year. The new government also intends to grant tax amnesty for entrepreneurs who intend to bring home money from abroad. It is not yet fully confirmed because there are pros and cons. (Kontan)

PT Bumi Resources Tbk (BUMI, Rp 196) of Bakrie Group, get approval from its subsidiary bondholders to extend the repayment period up to 2018. The Bondholders of BUMI subsidiary named Enercoal, also agreed to decrease to 6% coupon bonds of the previous 9 5%. (Kontan)

Issuers of industrial land, PT Surya Semesta Internusa Tbk (SSIA, Rp 835) considering to take loan from a number of local and foreign banks  amount of USD 126 million, equivalent IDR 1.46 trillion. The Funds will be use to rebuild the SSI Tower office building in Jakarta. (Bisnis Indonesia)

Asia Link Pte Ltd and issuers pay TV of Lippo Group, PT First Media Tbk (KBLV, Rp. 2,200) intends to release its subsidiary, PT Link Net Tbk (LINK, Rp 6.650) through private placements. If the release is realized as much as 1.82 billion shares (60%), the potential of fund obtained by both shareholder is IDR 12.1 trillion. (Bisnis Indonesia)

for Indonesia Market Summaries 25 August 2014

Indonesia Market Summaries 12 September 2013

• PT Modernland Realty Tbk (MDLN, 700, BUY, TP Rp 1.250) seek approval of its shareholders at the EGM 27 September to seek bank loans. The fund is intended to be a source of funding for the acquisition of Jakarta Garden City of Keppel Land that has been previously announced.
  
  As a result of the world financial market conditions that are not conducive, MDLN failed to issue bonds denominated in U.S. dollars that were previously planned and are looking for alternative financing from banks. In the EGM, MDLN also requested approval of a stock split 1:2 . (Company Released)
• PT Cemindo Gemilang , the owner of Semen Merah Putih, began to build a new cement plant worth U.S. $ 600 million. The factory of Ganda Group company in Banten will have a capacity of 4 million metric tons per year and will start operating in 2015. The plant capacity can be increased to 12 million metric tons per year with a total investment of Rp 1,8 trillion. (Investor Daily)
• PT Astra Otoparts Tbk (AUTO, Rp3.550) of Group Astra will pay an interim dividend of Rp 22 per share (0.6 % yield). Cum date and ex date of dividend is 2 and 3 October, while the distribution will be made on October 23.
  
  Another ASII subsidiary, PT Astra Agro Lestari Tbk (AALI, Rp 21.400, BUY, TP Rp 21.900) and PT Astra Graphia Tbk ( ASGR , Rp1.230 ) will also pay dividends Rp 160 and Rp 18 per share. (IDX)
• Property company PT Surya Semesta Internusa Tbk intends to hold a buyback worth IDR200 billion. The funds will be used to purchase a maximum of 20 % of its shares in the stock market. (Investor Daily)
• Group Emtek PT Elang Mahkota Teknologi Tbk (EMTK, Rp 5.450) develope their business into the health care sector by acquiring ​​1.5 hectares area of RS Usada Insani in Tangerang. Acquisition is done by forming a joint subsidiary namely PT Surya Cipta Medika. The business group of Sariaatmadja was known as SCTV and has other business lines such as solutions and connectivity. (Bisnis Indonesia)
• PT Nippon Indosari Corpindo Tbk (ROTI, Rp 5.950) will hold the sale price this year despite there are any invasion of foreign companies and increased costs when fuel prices rise. The selling price was hold especially useful for maintaining their market share. (Bisnis Indonesia)

for Indonesia Market Summaries 12 September 2013

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)

Indonesia Market Summaries 16 April 2013 Part 2

Surya Internusa boost commercial property business

SSIA is boosting their commercial property business by expanding their Graha Surya Internusa office building which would cost the company Rp1.5-1.8tn. The Indonesia Market Summaries found that this company is planning to add another tower at Graha Internusa which will add the building size to 80,000sqm from 20,000sqm now. Expansion is expected to start in January 2014 and will be funded using internal cash and external financing. The office building will then change its grade to a grade A from grade B and the average rental rate will rise from USD10/sqm to USD17-18/sqm. (Investor Daily)

Nissan seeks 67%yoy growth in East Java sales

PT Nissan Motor Indonesia aims to increase the monthly sales in East Java from around 600 units in FY12 to 1,000 units this year, implying a 67%yoy growth. Anton Wijaya, its regional manager for East Java, Bali, Lombok, and Sulawesi, expects rising sales to be supported by the opening of new dealerships this year. Initial monthly sales target would be about 700 units before ramping up to 1,000 units towards the end of the year. (Bisnis Indonesia)

Indomobil to do local assembling for Renault

Citing its CEO statement, Indomobil Sukses Internasional (IMAS) plans to do local assembling for Renault cars at one of IMAS’ local assembling facilities. Local assembling would make Renault more price competitive, as it would get better tax incentives from the government. The study remains ongoing now, with better clarity expected in July. The media reports a possibility for Renault to do local assembling for its SUV type. (Kontan)

Adhi karya: securing Rp7.6tn property backlog in 2014

A newspaper reported for Indonesia Market Summaries that ADHI, through its property subsidiaries, is securing a total of Rp7.6tn property backlog in 2014. The largest project will be a 6-Ha superblock in Daan Mogot, West Jakarta with contract value of Rp6tn and low-rise residences in Pejaten with project value of Rp800bn, where ADHI owns 70% of the project. This year, Adhi Properti is aiming for Rp890bn revenue and (Rp341bn revenue in 2012) and Rp160bn in net profit (Rp78bn net profit in 2012) (Kontan).

Surya Internusa Fantastic Profit

Surya Internusa recorded a fantastic profit up 165.52%

PT Surya Semesta Internusa Tbk (SSIA), an industrial zone developer posted net profit during 2012, Rp 738,62 billion. Up 165.52% from the performance of 2011, Rp 278,18 billion.

Totaling of Rp 707,25 billion attributable to the parent entity and the remaining of Rp 31,37 billion attributable to non-controlling interests.

Net earnings per share of the company had come up to Rp 150 per share from the previous year, Rp55 per share.

Based on the company's financial statements by December 31, 2012, published today, Friday (03/15/2013), net profit growth was driven by operating income and other income.

The net profit margin for SSIA in the period January to December 2012 stood at Rp 3,56 trillion, up 23.82% from the previous year's performance, Rp 2,88 trillion.

Meanwhile, other income recorded jumped to Rp 43,81 billion from the previous year, Rp 9,94 billion. This also surged 114.43% to 20.72% from the previous year, 9.66%.

Cost of revenue of the company recorded Rp 2,27 trillion, up 8.23% from the previous year's performance, Rp 2,1 trillion.

Income before taxes was recorded Rp 877,96 billion, up 127.99% compared to the performance of the same period of 2011 at Rp 385,09 billion. (Bisnis Indonesia)

Surya Internusa Fantastic Profit

Surya Internusa recorded a fantastic profit up 165.52%

PT Surya Semesta Internusa Tbk (SSIA), an industrial zone developer posted net profit during 2012, Rp 738,62 billion. Up 165.52% from the performance of 2011, Rp 278,18 billion.

Totaling of Rp 707,25 billion attributable to the parent entity and the remaining of Rp 31,37 billion attributable to non-controlling interests.

Net earnings per share of the company had come up to Rp 150 per share from the previous year, Rp55 per share.

Based on the company's financial statements by December 31, 2012, published today, Friday (03/15/2013), net profit growth was driven by operating income and other income.

The net profit margin for SSIA in the period January to December 2012 stood at Rp 3,56 trillion, up 23.82% from the previous year's performance, Rp 2,88 trillion.

Meanwhile, other income recorded jumped to Rp 43,81 billion from the previous year, Rp 9,94 billion. This also surged 114.43% to 20.72% from the previous year, 9.66%.

Cost of revenue of the company recorded Rp 2,27 trillion, up 8.23% from the previous year's performance, Rp 2,1 trillion.

Income before taxes was recorded Rp 877,96 billion, up 127.99% compared to the performance of the same period of 2011 at Rp 385,09 billion. (Bisnis Indonesia)