Unilever Distributes IDR336 per Share of Interim Dividend
Unilever Indonesia will distribute interim dividend of IDR2.56trn or 91.4% from 1H14 net profit or equivalent to IDR336/share. Dividend cum date for regular & negotiation market is scheduled on 2 December 2014. On the other hand, currently the company is focusing on the development of IDR2trn oleo chemical plant in Sei Mangkei, North Sumatera that.
Read More...Semen Indonesia Seeking Additional IDR2trn Loan
Management of PT Semen Indonesia (SMGR IJ, BUY, TP: IDR18,150) is seeking bank loan of IDR1-2trn to fund 2015’s planned capex of IDR5trn. One of its plans is to build 3m tonnes cement plant in Rembang, Central Java. Meanwhile, the company is still in feasibility studies phase in building 600,000 – 1m tonnes cement plant.
Read More...Perusahaan Gas Negara, In Line, long-term gas demand remains bright
3Q14 net profit reached USD222m (+14.7% q-o-q), bringing 9M14 figure to USD592m (-7.8% y-o-y), in line, comprising 70%/75% of ours/consensus FY14 target. The q-o-q net profit increase is mainly due to forex gain of USD34m in 3Q14 (vs forex loss of USD11m in 2Q14). We see that gross margin squeeze on higher gas cost to.
Read More...Wintermar Below expectation, Yet Has Sufficient Amunitions
3Q14 net profit reached USD5Mn (-1.3% QoQ), bringing 9M14 figure to USD18Mn (-4.7% QoQ), accounting to 64%/62% of ours and consensus FY14 target respectively which is below our expectation. We expect 4Q14 gross margin and net profit to pick ups QoQ on slightly higher utilization rated for its higher-end vessels yet inadaquate to reach our.
Read More...Adhi Karya’s 9M14 Results was below Expectation
Adhi Karya (ADHI IJ, BUY, TP: IDR3,745) booked 44% YoY lower earnings in 9M14 that only reached IDR101bn, revenue also declined 8% YoY to IDR5.19trn. 9M14 achievements were below expectation where revenue & earnings only accounted for 45%/47% & 23%/24% from our/consensus full year estimates. Seasonally, revenue and net income achievements in the past 3.
Read More...PTPP 9M14 Earnings Reached IDR290bn (+32.9% y-o-y)
PT Pembangunan Perumahan (PTPP IJ, Neutral, TP: IDR2,590) booked net income of IDR290bn (+32.9% y-o-y) while revenue reached IDR7.8trn (+7.6% y-o-y). On quarterly basis, 3Q14 net income jumped to IDR143bn (+91.6% y-o-y) and 3Q14 revenue reached IDR3.2trn (+4.1% y-o-y). Comment: The 9M14 earnings was above our expectation that made up 56%/54% from our/consensus full year.
Read More...Steel Pipe Industry Slightly Below Our Expectation
3Q14 net profit increased 13.3% q-o-q to IDR48bn, bringing 9M14 bottom line to IDR176bn (+22.5% y-o-y), comprising 67% to our FY14 forecast. 4Q14 earnings to pick up given seasonality factors derived from the construction sector yet not adequate to reach our FY14 target. Thus, we slightly cut 2014 earnings by 4% following the results but.
Read More...Wijaya Karya Beton 9M14 Earnings Reached IDR223.35Bn (+15% YoY)
Wijaya Karya Beton, Tbk (WTON IJ) booked IDR223.35Bn of net income during 9M14 (+15% YoY), this was supported by revenue that increased to IDR2,322Bn (+13.8% YoY). Wijaya Karya Beton’s 9M14 earnings were relatively in-line with our/consensus estimates that reflect 72%/71% from full-year projection. On quarterly basis, 3Q14 net income declined to IDR57.2bn (-33.4% QoQ) as.
Read More...Wijaya Karya Beton 9M14 earnings reached IDR223.35bn (+15% y-o-y)
Wijaya Karya Beton (WTON IJ, BUY, TP: IDR1260) booked IDR223.35bn of net income during 9M14 (+15% y-o-y), this was supported by revenue that increased to IDR2,322bn (+13.8% y-o-y). Wijaya Karya Beton’s 9M14 earnings was relatively in-line with our/consensus estimates that reflects 72%/71% from full-year projection. On quarterly basis, 3Q14 net income declined to IDR57.2bn (-33.4%.
Read More...Logindo Samudramakmur A Solid Bottom Fishing Choice
3Q14 results highlights 3Q14 revenue declined 8.4% q-o-q on lower utilization on low-tier vessels and no new vessel expansion coming in in 3Q14. 3Q14 cost of revenue spiked 11.5% q-o-q mainly on crew & maintenance/docking costs dragging 3Q14 gross margin to 42.3% vs 52.6% in 2Q14. Given higher economies of scale from fleet expansion, 3Q14.
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