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IPO to Watch: Krakatau Steel
The Billion Dollar stocks on Indonesia Stock Exchange (IDX) have been considered too pricey due to lack of new equity supply. State-owned steel maker PT Krakatau Steel might be benefited from the situation for its initial public offering (IPO) of 19.61% shares with expected proceeds of up to Rp3.3 trillion. How valuable is investment in this company? ,Last Updated ( Sat, 28 Aug 2010)
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| H1 Results: Indomobil
PT Indomobil Sukses International (IMAS) Tbk used to be the second largest automotive player in the country behind Astra International (ASII). But now Astra has market cap of US$22 billion, while Indomobil is "valued" US$100 million only. Today, August 9, the stock slashed 20%. (Mon, 09 Aug 2010)
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| H1 Results: Pulp & Paper
Seven pulp and paper manufacturers listed on Indonesia Stock Exchange (IDX) have released their financial statement for the first half of 2010. Most of them, except Surabaya Agung (Surya Kertas), reported strong sales growth. Six out of seven posted net profit, but three of them actually booked operating loss. (Tue, 03 Aug 2010)
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| • H1 Results: Textiles | Manufacturing | Most of you might not be interested in this article. Banks and investors tend to stay away from this industry. It's sad, especially because lots of people still working in the industry. But we don't want to share more sad stories. Let's just take a short visit to the industry. Who knows you can be a hope for millions of families living from this so-called sunset industry. | |
| • Wiring The Nation | Manufacturing | Cable is a neglected industry, just like most manufacturing operations in Indonesia. Still, the industry has grown tremendously with export value almost touched US$1 billion in 2007. Last year, they suffered the global crisis dearly. How about this year? | |
| • Metals & The Steel Industry | Manufacturing | What a contrast! Metals regained grounds in the period of June 4-11, but the Baltic Dry Index (BDI) slumped. Metals stocks closed mainly higher, except those listed on Indonesia Stock Exchange (Aneka Tambang, INCO, and Timah). What's going on in the steel industry? | |
| • Paper Industry: Glossy First Quarter | Manufacturing | Four paper manufacturers listed on IDX have published their first quarter results. They're all glossy. Well, at least compared to the same period last year. But as global pulp prices are heading north, will they return to gloomy? | |
| • Tobacco giants: Up in A Puff | Manufacturing | Three listed tobacco giants (HM Sampoerna, Gudang Garam, and Bentoel-BAT) reported strong performance in the first quarter of 2010 despite endless pressures to cut substantially number of smokers. Combined, they reported net sales of Rp20.9 trillion in the first quarter and net profit of Rp3.5 trillion. | |
| • Semen Gresik: Watch out fuel cost | Manufacturing | PT Semen Gresik (SMGR) Tbk posted net profit of Rp802 billion in the first quarter of 2010, increased 17.8% from the same period last year. But the company's sales revenue inched up 0.6% only. Watch out energy costs! | |
| • Asia Pacific Fibers & Sinivasan | Manufacturing | PT Asia Pacific Fibers (previously Polysindo Eka Perkasa) Tbk reported net profit of Rp1.18 trillion last year. Surprised? Well, no need. Non-cash gain in foreign exchange translation of Rp1.54 trillion contributed to the "profit". Still, it is interesting to watch the development at the company. | |
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