Arsip: July 2018

Saratoga Investama Sedaya, Tbk (SRTG:IJ) has allocated USD50Mn-USD100Mn of capital expenditure (capex) for investments, amidst the company is still reviewing 100 investments opportunity. Saratoga indicates that the company targets consumer goods companies that considered to have sustainable prospects. Currently, infrastructure and natural resources dominated the company’s portfolio investments, contributing at 40% and 48%, respectively, from the.

Fast Food Indonesia, Tbk (FAST:IJ) has obtained AA credit rating from Pemeringkat Efek Indonesia (Pefindo), with stable outlook. Pefindo explained that this rating reflects strong company’s performance in fried chicken-based fast food restaurant, geographically diversified stores location, and strong financial profile. Moreover, Pefindo targets the company to book 9% YoY average revenue growth in the.

Ricky Putra Globalindo, Tbk (RICY:IJ) still pegged the number at performance growth target of 15% by the year 2018. According to its financial statement, the company has experienced growth from IDR1.2Trn in 2016 to IDR1.6Trn in 2017. While the net profit rose to IDR16.5Bn, from the previous IDR14Bn in 2016. Asia Pacific Upgrade its Machine.

Pakuwon Jati, Tbk (PWON:IJ) recorded its net profit worth IDR3.38Trn, or growth 14.4% YoY from 1H17 at IDR2.95Trn. The management stated that 49% of 1H18 revenue is contributed by recurring revenue that is recorded at IDR1.66Trn, growth 19.2% YoY, coming from malls and hotels. The remaining 51%contributed by development revenue that is recorded at IDR1.72Trn or growth.

Bank Negara Indonesia, Tbk (BBNI:IJ) has disbursed financing facility amounting to USD100Mn to Cascade Pacific Pulp LLC (CPP), a US pulp factory located in Oregon, with 205,000 tonnes/year production capacity. Bank BNI plans to open more opportunities with other US business entities and to enter global market yet still prioritize value chain business concept in order.

Chandra Asri Petrochemical, Tbk (TPIA:IJ) strives to develop a more integrated business sectors to downstream. One of them, the construction of the factory methyl-butyl ether (MTBE) and Butene-1 the first in Indonesia. Company estimates the cost used for MTBE and Butene-1 arpund USD114Mn or equivalent with IDR1.65Trn. Chandra Asri Increase its Production Capacity, amidst the.

Adaro Energy, Tbk (ADRO:IJ) recorded improvement in coal production in 2Q18 than in 1Q18, due to supporting weather in 2Q18. Company confident to meet its production target of 52-54m tonne by the end of the year. In 1Q18, the company booked 10.95m tonnes of coal production, down 11.9% QoQ compared to 12.43m tonnes in 4Q17, due.

Samudera Indonesia, Tbk (SMDR.:IJ) targets 25% ownership in Patimban Port operator consortium. The company has submitted letter of intent regarding this matter and currently waiting for details of auction documents from Ministry of Transportation. Patimban Port construction will start by the end of July 2018 and targeted to complete in March 2019. The government plans.

Bank Mandiri, Tbk (BMRI:IJ) plans to issue IDR3.5Trn bonds in 2Q18, consist Of IDR500Bn is subordinated MTN that is currently in book building process and set to receive the proceed by the end of July 2018. The remaining IDR3Trn is the part of shelf-registration bonds and the proceed will be used for long-term credit financing.

AKR Corporindo, Tbk (AKRA:IJ) and BP Global has formed a joint venture (JV) to build gas stations in Indonesia under the brand name of “BP”. The joint venture company, BP AKR Fuels Retail, is 50.1% owned by AKR Corporindo and 49.9% by BP Global. However, management hasn’t disclosed the numbers of BP gas stations to.