Puradelta Lestari Booked IDR561Bn Marketing Sales
Puradelta Lestari, Tbk (DMAS:IJ) booked IDR561Bn marketing sales in 1H18, equivalent to 48% of FY18 targeted marketing sales of IDR1.25Trn. The company is confident to meet this target on account to high interest in buying industrial land in Greenland International Industrial Center (GIIC) industrial estates. Furthermore, the company has allocated IDR500-600Bn capital expenditure mainly for.
Read More...Siam Cement to Acquire 29% Catur Sentosa’s Stake
Siam Cement PCL has signed agreement to acquire Catur Sentosa Adiprana, Tbk (CSAP:IJ) stake to 29%, valuing at IDR1.03Trn. Siam Cement plans to purchase both existing shares and newly issued shares to acquire this stake. This transaction is expected to be complete in 3Q18. Siam Cement Group Acquires 9.09% of Catur Sentosa Adiprana CSAP Acquires.
Read More...Mandom Indonesia to Boost Expansion in 2H18
Mandom Indonesia, Tbk (TCID:IJ) has allocated IDR200Bn capital expenditure in 2018, whereas IDR80Bn of which already spent in 1H18. In 2H18, the company plans to launch new product and buy production machine. However, the company hasn’t disclosed the detail of its new product launch. It also plans to strengthen their exports market to Indochina, relying.
Read More...Vale Indonesia Nickel in Matte Production Declines 6% YoY
Vale Indonesia, Tbk (INCO:IJ)’ production fell to 18,893 metric tonnes in 2Q18 from 20,107 tonnes in 2Q17. Decline in production was due to a delay in some planned maintenance activities to April from previously scheduled in March. Meanwhile, output was 17,141 tonnes in 1Q18. However, the company is still confident to meet FY18 production target.
Read More...Wika Gedung’s Contracts Reach 71%
Wijaya Karya Bangunan Gedung, Tbk (WEGE:IJ) already booked IDR11.77Trn of order book in 1H18, equals to 70.9% from its FY18 target of IDR16.6Trn (+28.2% YoY) from FY17 realization. The management stated that these contracts do not include the company’s new contract plan of IDR2.6Trn in July 2018. APLN and WIKA Gedung Topping Off Podomoro Golf.
Read More...Waskita Karya Receives IDR15Trn Payment
Waskita Karya, Tbk (WSKT:IJ) is going to receive IDR15Trn in 2H18 from turnkey projects payment that includes IDR4Trn payment from Palembang LRT project with total contract of IDR10.9Trn. Moreover, the management stated that the toll divestment plans are still in progress. Currently, the company is still offering 2 of its tolls, namely Bekasi-Cawang-Kampung Melayu (Becakayu).
Read More...Siam Cement Group Acquires 9.09% of Catur Sentosa Adiprana
SCG Retail Holding Company Limited officially acquires 9.09% of Catur Sentosa Adiprana, Tbk (CSAP:IJ) through private placement scheme. SCG Group purchased 405.3Mn shares at IDR800/share. Through this corporate action, Catur Sentosa will receive additional IDR324Bn funds. The entry of SCG retail to the company will support the company’s plan to expand its retail business, Mitra.
Read More...Sentul City is Rated B2 by Moody’s
Sentul City, Tbk (BKSL:IJ) is rated B2 with stable outlook by Moody’s. According to Moody’s, the company has a strategic and relatively cheap land bank that will put the company as a beneficiary of infrastructure development and can support the company’s sales growth for the next 12-18 months. As of 30 June 2018, the company.
Read More...Pulp and Paper Company’s Stock Price Rise Sharply
Pulp and paper’s industry in Indonesia has the potential to growth, along with the paper’s needs remaining high, post the policy of reduction in the use of plastics waste once. The stock price of Indah Kiat Pulp and Paper, Tbk (INKP IJ) managed to obtain increases of 2,111% during five years. In fact, since the.
Read More...Antam Gold Sales Increases 385% YoY in 1H18
Aneka Tambang, Tbk (ANTM:IJ) recorded an increase in gold sales to 385% YoY to 13.1 tonnes in 1H18, compared to 1H17 of 2.7 tonnes. Jump in their gold sales driven by the company’s market development strategy amid low gold prices, In addition, Antam’s ferronickel production also increases by 33% YoY to 12,400 kilograms (kg) in.
Read More...