|
|
Fajar Paper Rights Issue
Paper manufacturer PT Fajar Surya Wisesa (FASW) Tbk has kicked off the issuance of 412.98 million new shares with preemptive rights at Rp1650-3000 per new share. JP Morgan is stand-by buyer of the rights issue. Proceeds of the rights issue will be used to refinance debts and funding expansion programs. ,Last Updated ( Fri, 10 May 2013)
| |
| Sinarmas Pulp-Paper: Market Leader with 'Consistent Low Profit'?
Sinarmas Group is the leader of pulp and paper industry in Indonesia through companies like Indah Kiat (INKP), Tjiwi Kimia (TKIM), Pindo Deli, Lontar Papyrus, Univenus, etc. It is substantially bigger than Sukanto Tanoto's Riaupulp. Despite dominant position, INKP and TKIM consistently reported low profits in the past five years, and accordingly their tax payments. Why? (Wed, 10 Apr 2013)
| |
| Pan Brothers: Textile Industry Revisited
Pan Brothers (PBRX) has finally secured term-loan commitment for 60 months and revolving credit commitment for 36 months worth US$165 million from 22 banks. This is probably the single largest facility provided by banks to garment producer in Indonesia after the 1997-1999 financial crisis. (Fri, 29 Mar 2013)
| | |
| More Articles |
| • Steel Industry: Where are We? | Manufacturing | World crude steel production for 62 countries reporting to the World Steel Association was 125 million tons last month, a slight increase of 0.8% compared to January 2012, once again thanks to China. The world's single largest steel producer, accounted to almost 40% of world output, saw its output increasing 4.6%, while others mostly declining. | |
| • Mayora Indah: What Next? | Manufacturing | Food processor Mayora Indah (MYOR) closed higher by 4.75% to Rp22,050 Wednesday (Feb 13). It is 16% below its peak last year. But, even at the current price, Mayora is already one of the most expensive stocks in the market, valued almos six times equity. | |
| • Steel Projects to Watch | Manufacturing | Indonesia is a huge market for metal-related products. Our import of mechanical machineries reached US$26.2 billion in 11 months of 2012. Import of iron & steel and articles from iron & steel amounted to US$13.9 billion in the same period. Combined, you have at least US$50 billion market for products derived from minerals. | |
| • Panasia Group: From Garment to Cement | Manufacturing | Panasia Group is known for its textile and garment business. It has two companies listed on Indonesia Stock Exchange (IDX): PAFI and HDTX. As the textile industry failed to recover, amidst pressures from imported products and increasing labor costs, Panasia decided to enter cement business. | |
| • Ganda Group & Cement Industry | Manufacturing | Ganda Group is a diversified company with interests in palm oil, mining, property, heavy equipment, construction, and recently cement. In the cement business, Ganda Group develops Semen Merah Putih. It initially imported the cement from Chinfon Cement Corp (Vietnam). The company's presence in the cement business, however, has expanded substantially. | |
| • Surprise from China Steel Industry | Manufacturing | World Steel Association, which collects data from 62 countries, released a surprise statistic yesterday. China reported crude steel output of 57.5 million tons last month, jumped 13.7% from November 2011. India also reported strong growth of 6.6% to 6.4 million tons, while US and Europe suffered 4.8% and 5.3% fall respectively. | |
| • Steel Industry & Iron Ore Acquisitions | Manufacturing | PT Krakatau Posco will start commercial operation in the first quarter of 2014. If the company would produce at plateau of 6 million tons per annum, the company needs at least 12.7 million tons of iron ores per annum. In 20 years time, the company needs security of supply of at least 254 million tons. | |
|
|
|
