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Lippo Group Stocks: On Their Own
Pretty much as predicted, Bank Nationalnobu gained 41% in less than two days of trading on Indonesia Stock Exchange (IDX). It is not more valuable than Bank Central Asia (BCA), because it is traded 8.5 times equity as of December 2012. That also boosted Lippo Group's overall standing to Rp103.5 trillion group. ,Last Updated ( Tue, 21 May 2013)
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| Market Snapshots
Consumers, retailers, and property shares continue to take composite index of Indonesia Stock Exchange (IDX) to record high this morning. In this report: (1) Kalbe Farma, (2) Sritex IPO, (3) Adira Finance, (4) BTPN bonds, (5) Aneka Tambang, and (6) Suparma Expansion. (Tue, 21 May 2013)
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| MNCN & Financial Assets
Shares of Media Nusantara Citra (MNCN), parent of popular broadcasting brands RCTI, GlobalTV, and MNC TV, advanced further to Rp3625 this morning. At this price, the company controlled by Hanura politician Harry Tanoesoedibjo has market capitalization of Rp50.6 trillion (US$5.2 billion), more than three times of Bakrie Group's Bumi Resources (BUMI). (Tue, 21 May 2013)
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| More Articles |
| • IPO to Watch: Acset Indonusa | Stock Market | Construction companies might not be as profitable as property companies in terms of net profit margin. Construction giant Wijaya Karya (WIKA), for example, only reported net profit margin of 6% in the first quarter of 2013, but with annualized ROE of 21% WIKA is now valued 5.3 times equity. Will Acset Indonusa be there? | |
| • ARPENI & Auditor's Lengthy Note | Stock Market | The troubled shipping company Arpeni Pratama Ocean Line (APOL) booked net loss of Rp721 billion last year, dropped 65% from 2011 because of smaller finance costs and extremely high financial income from debt restructuring. The company, however, has recently decided to replace its auditor. Why? | |
| • Market Snapshots | Stock Market | Crude oil hovers around US$96/barrel, while crude palm oil (CPO) has rallied to above RM$2300/ton in the past few trading days. Time for portfolio shifting and revisiting resources stocks? In this report: XL Axiata, TPS Food, Centrin Online, etc. | |
| • Unilever & Consumer Stocks | Stock Market | Unilever Indonesia (UNVR) surged 11% to become the fifth largest company on Indonesia Stock Exchange (IDX) by market capitalization today. Unilever Indonesia, a company with equity of Rp5.4 trillion, is now valued 44 times equity. It is now bigger than Bank Mandiri (BRI) and Bank Rakyat Indonesia, two of the largest banks in Indonesia. | |
| • Corporate Results & Actions | Stock Market | MNC Sky Vision (MSKY), parent of pay TV Indovision, reported weaker than expected performance in the first quarter of 2013. While revenues grew 30% to Rp696 billion, the company's gross profit rose by 7.7% only. Operating profit even dropped to Rp124 billion. | |
| • Harry Tanoe: Stocks & Politics | Stock Market | He just joined Hanura Party three months ago, but party founder General (ret) Wiranto already trusted Harry Tanoe as 2014 election campaign leader. As part of the party’s efforts to boost popularity, Hanura issued populist statements, including rejecting fuel price hike and abolition of economy class of train services. | |
| • Market Snapshots: Cornering | Stock Market | Adaro Energy (ADRO) and Indo Tambangraya Megah (ITMG), two of the most profitable companies in the past decade, are still cornered. Adaro lost another 3.67% this morning, while ITMG lost 2.38%. On the other hand, Global Mediacom and Bumi Serpong Damai, continued their rally to new highs. | |
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