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Busiest Casino Named Trada Maritime
Trada Maritime (TRAM) is among the most 'liquid' stocks in town. Today, over 154 million shares exchanged hands, way above its average daily trading volume in the past three months (136.7 million shares). At the current price, TRAM is among the most 'valuable' stocks, 10 times equity like Kalbe Farma and Charoen Pokphand. ,Last Updated ( Tue, 21 May 2013)
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| MNC Group: Stocks & Performance
Combined market capitalization of companies under MNC Group, controlled by Hanura politician Harry Tanoesoedibjo, has reached US$15 billion. Performance of operating units (financial services, media, transportation) in the first quarter of 2013, however, was relatively weak. (Mon, 20 May 2013)
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| Matahari Acquires Matahari + Ramayana US$2.4 Billion
Matahari Department Stores (LPPF) will soon launch an acquisition of 51% shares of PT Matahari Putra Prima (MPPA) Tbk for US$1.2 billion, a premium of 100% on the last quoted price. Shareholders of LPPF also agree to pay US$1.2 billion for 51% shares in Ramayana Lestari Sentosa (RALS), also a premium 100%. (Sat, 18 May 2013)
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| More Articles |
| • Investments Update: Saratoga & Bluebird | Investment | PT Saratoga Investama Sedaya, controlled by Edwin Soeryadjaya, has decided to invest more in gold exploration companies. General Electric, meanwhile, has kicked off its US$300 million investment plan in Indonesia. Bluebird Group, which mulls an initial public offering (IPO), has also entered into an interesting joint venture. | |
| • Busiest Casino Named MNC Group (2) | Investment | Three stocks related to MNC Group surged today. Global Mediacom (BMTR) jumped 7%, Indonesia Air Transport soared 10.9%, while MNC Sky Vision edged up 4.5%. Combined market capitalization of companies under MNC Group already reached Rp137 trillion or about US$14 billion. | |
| • Runaway Trains: Lippo and Sinarmas | Investment | Lippo, MNC Group, and Sinarmas Group are 'darlings' of investors this time around. Lots of actions in these groups. Their shares are valued extremely high, seems unstoppable, which might be helpful for roles they could play in next year's elections. | |
| • Nursalim-Gozali Companies: Next Target? | Investment | We have seen lots of actions at Salim Group, Lippo Group, Sinarmas Group, MNC Group, and Argo Manunggal Group in the past few years, which contributed to the hype on consumers, retail, and property stocks. They've been active in both equity and debt markets. How about companies controlled by Nursalim-Gozali? | |
| • Mergers & Acquisitions Update | Investment | Jardine Lloyd Thompson has acquired PT GESA Assistance (GESA) and PT Global Asistensi Manajemen Indonesia (GAMI), both engaged in healthcare management and service providers in Indonesia. In the meantime, state oil and gas company Pertamina has decided to acquire 15% interest in Babar Selaru block. | |
| • When Matahari Dept Store is Bigger than Adaro & CIMB-Niaga | Investment | Matahari Department Stores (LPPF) closed higher by 6.18% to Rp13,750 Friday (May 10). At this price, the retailer has market capitalization of Rp40.1 trillion, bigger than Adaro Energy (Rp38.4 trillion) or Bank CIMB-Niaga, which provided funding for the leveraged-buy out led by CVC Ltd few years back. Seriously? | |
| • Trada Maritime & Defaults | Investment | Shares of Trada Maritime (TRAM) ended lower by 1.4% to Rp1410 Friday (May 10). Still, the stock gained almost 100% since September 2012 despite the company's default of some loan facilities provided by International Finance Corporation (IFC), an investment arm of World Bank. | |
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