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Adaro & Affiliated Transactions
Adaro Energy (ADRO) was not even half of Bumi Resources (BUMI) two years ago. Now Adaro is almost twice the size of BUMI by market capitalization. Both emerged out of leveraged buy-outs (LBO). BUMI collapsed due to aggressive expansion of assets through dubious acquisitions of affiliated assets. Adaro, meanwhile, is on the verge of following BUMI's path. ,Last Updated ( Thu, 02 Sep 2010)
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| The Sinking APOL
Shipping company PT Arpeni Pratama Ocean Line (APOL) Tbk is racing against time. It plans to issue new shares is probably the last bid to keep the company floating. A strong recovery of Baltic Dry Index (BDI) in recent weeks might help. But for how long? (Wed, 01 Sep 2010)
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| Tiga Pilar Sejahtera & Projects
PT Tiga Pilar Sejahtera (AISA) Tbk is a company with total asset of Rp1.465 trillion and market capitalization of little over US$100 million. The company recently announced an ambitious plan of US$500 million investment in palm oil business. The group, meanwhile, has diversified into mining and energy sector. People behind? Relationship with people in power? (Wed, 01 Sep 2010)
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| More Articles |
| • PT Wintermar Indonesia | Company Profile | PT Wintermar Indonesia is one of major players in the barge chartering industry and offshore marine company. Established in 1970 with a fleet of nine units of tugs and barges in eighties, Wintermar is now a major player with over 60 vessels. The group has just completed a substantial acquisition. | |
| • IPO to Watch: Indofood CBP | Company Profile | One more company will float its shares on the Indonesian Stock Exchange (IDX) late next month, PT Indofood CBP Sukses Makmur, which is a consumer branded producer maker of PT Indofood Sukses Makmur, the flag company of Salim Group. How is the company’s prospect? | |
| • Montara Oil Spill & PTT Operations in Indonesia | Company Profile | Transportation minister Freddy Numberi, who is also member of advisory board of President SBY's Demokrat Party, said Indonesian government demands up to Rp22 trillion (US$2.44 billion) compensation from PTTEP (Thailand) for the oil spill in Timor Sea. Impacts for PTT investments in Indonesia? | |
| • Revisiting Lyman Group | Company Profile | Kota Baru Parahyangan's Hotel Mason Pine was the venue of President SBY's Demokrat Party congress in May 2010 where Anas Urbaningrum was elected as the new chairman. The hotel and the township in Bandung, West Java, are some of key property assets of Lyman Group. | |
| • Gajah Tunggal & Nursalim Empire | Company Profile | The stock price of Gajah Tunggal (GJTL) declined 1.15% on Monday (Aug 23) on profit taking after a long rally. The stock is one of the best performers on Indonesia Stock Exchange (IDX) this year with 305% gain on the back of strong fundamentals. | |
| • Andree Halim & His QAF Ltd | Company Profile | QAF Limited has just released its first half financial results on Singapore Stock Exchange (SGX) with profit after tax of S$27.33 million, declined 13% from the same period last year. | |
| • H1 Results: Noble Group | Company Profile | Noble Group, one of the world's largest commodity traders, reported 83% turnover growth to US$24.3 billion in the first half of 2010, but its net profit slashed 41% to US$200.9 million from the same period last year due to squeezed margin. The stock dropped 2.45% on Thursday. | |
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