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Bakrie Telecom: Connectivity?
Bakrie Telecom (BTEL) is the only gainer in Bakrie Family year-to-date. The stock advanced 6% on Monday (August 30). But may be investors will think twice to enter the stock after reading the company's first half financial statement. Bakrie Telecom reported its net profit slashed 97% to Rp2.7 billion, while debts increased further to Rp6.7 trillion. ,Last Updated ( Mon, 30 Aug 2010)
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| Media Groups, so far
Media Nusantara Citra (MNCN), controlled by Harry Tanoesoedibjo family, is still the most profitable media empire in Indonesia with net profit of Rp396.9 billion in the first half of 2010. How about Sariaatmadja's SCMA or Salim's Indosiar and Thohir family's Mahaka? (Wed, 18 Aug 2010)
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| H1 Results: Indosat
PT Indosat (ISAT) Tbk posted net profit of Rp287.1 billion in the first half of 2010, slashed 71.5% from the corresponding period last year on weak revenue growth and huge debts. The stock gained 1.1% on Monday (August 16), but lost 3.7% year-to-date. (Mon, 16 Aug 2010)
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| More Articles |
| • Bakrie Telecom & ICBC | ICT | PT Bakrie Telecom (BTEL) Tbk has secured US$300 million loan from Industrial & Commercial Bank of China (ICBC) to finance its capital expenditure. Anindya Bakrie, CEO of BTEL, claimed the new facility is a confirmation of interest of Chinese institutions on Bakrie Group. Really? | |
| • XL Axiata's Turnaround | ICT | PT XL Axiata Tbk is the best performing stock in telecommunication sector this year with 146% gain. The company is now ranked 19 largest company on IDX with market capitalization of Rp40.4 trillion with a Rp14 trillion margin to Indosat, which used to be the second largest telco player. XL Axiata reported net profit growth of 87% in the first half of 2010. | |
| • H1 Results: Telkom | ICT | PT Telkom Indonesia (TLKM) Tbk is still the top loser in Top 20 stocks by market cap on Indonesia Stock Exchange (IDX). But rallies in the past few days managed to cut 50% of the stock's losses to 10.6% this year even though its first half results were far from convincing. | |
| • Amdocs, Israel & Indonesian Politics | ICT | Golkar legislator from the House Commission VII (in charge of energy and environmental affairs) Satya W Yudha asked PT Telekomunikasi Selular (Telkomsel), a subsidiary of Telkom, to reconsider the appointment of Israeli-based company Amdocs for its Operating System Software and Billing Software System (OSS, BSS). What's up? | |
| • Flexi + Esia = New Telkom BOD | ICT | State-owned enterprises minister Mustafa Abubakar has finally postponed the proposed "synergy" of Telkom's unit Flexi and Bakrie Telecom's Esia. He wants the proposal to be examined by new board of directors of Telkom. | |
| • Purchasing BTEL at Premium? | ICT | If Telkom shareholders (unfortunately the State is the largest shareholder) agree to subscribe new shares of Bakrie Telecom (BTEL) at 30%-74% premium on the stock's closing price yesterday, we can only say: Welcome to Darfur! | |
| • Flexi + Esia = ??? | ICT | People at the state-owned enterprises ministry and PT Telkom (TLKM) Tbk were busy clarifying the "consolidation" of TLKM's Flexi (CDMA-based) and Bakrie Telecom (Esia). The theme of the campaign was: NO political pressure in the proposed consolidation. Such denial only triggers speculation that there is a political pressure. | |
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