KINO’s Joint Ventures Company still waits for permits
Two joint ventures company formed between Kino Indonesia, Tbk (KINO:IJ) and Malee Capital Company Limited still wait for operational permits and other documents. The joint ventures were formed to boost business synergy in each country and targeted to operate by the end of 2018. They are Kino Indonesia Malee and Malee Kino.
Read More...Elnusa Allocates IDR400Bn Capex
Elnusa, Tbk (ELSA:IJ) has allocated IDR400Bn of capital expenditure (capex) in 2018. This will mostly be used to buy equipments for offshore activities. For 2017, its targeting to book IDR3.98Trn of revenues or up by 10% from 2016, after booking IDR3.3Trn in.
Read More...Pembangunan Perumahan Targets 22% Net Income Growth in 2018
Pembangunan Perumahan, Tbk (PTPP:IJ) is targeting IDR2.1Trn of net income in 2018, or an increase of 22% from projected realization in 2017. Its revenue target is IDR28.5Trn, an increase of 21% from the projected realization in 2017. It seeks to book IDR49.1Trn of new.
Read More...Bank Mandiri Targets NPL to be Under 3%
Bank Mandiri, Tbk (BMRI:IJ) targets non-performing loans (NPL) to be under 3% in 2018. Last year, company’s NPL ratio is on 3%-3.5% level. To mitigate the NPL risk, company targets credit growth to be at 10%-11% in 2018. This figure is considered realistic comparing 2017 Bank Mandiri consolidated credit growth at.
Read More...Waskita Plans to Sell Palembang LRT’s Receivables Through Factoring Scheme
Waskita Karya, Tbk (WSKT:IJ) plans to sell its Palembang light rail transit (LRT)’s receivables through factoring scheme in 2018 to finance investors as the potential buyer. The company plans to sell IDR9.1Trn receivables of the total IDR10.9Trn project.
Read More...PP Properti Recorded IDR3Trn Marketing Sales in FY17
PP Properti, Tbk (PPRO:IJ) succeeded to record IDR3Trn marketing sales (+21% YoY) in FY17, in line with company target. This marketing sales growth is in line with increase in FY17 net income amounting to IDR440Bn. The company’s marketing sales come from various projects such as Grand Kamala Lagoon project, Grand Shamaya Surabaya.
Read More...Samudera Indonesia Allocates USD190Mn of Capex
Samudera Indonesia, Tbk (SMDR:IJ) allocates USD190Mn capital expenditure (capex) in FY18. The company plans to purchase maximum 15 units of ships this year and to acquire Cold Logistic company, which will be completed in 1Q18. Samudera will acquire 67% shares of Adib Cold.
Read More...Indofood ICB Allocates USD20Mn to Increase Ownership in its Subsidiaries
Indofood ICB Sukses Makmur, Tbk (ICBP:IJ) prepares USD20Mn funds in order to increase its ownership in two subsidiaries, which are joint venture company with Asahi Group Holdings Southeast Asia Pte Ltd. Asahi intends to sell a 51% stake in Asahi Indofood Beverage Makmur, and about 49% stake in Indofood Asahi Success.
Read More...Adhi Booked IDR13.6Trn of New Contracts in 11M17
Adhi Karya, Tbk (ADHI:IJ) has booked IDR13.6Trn of new contracts (exclude Greater Jakarta Light Rail Transit) in 11M17. This achievement makes 63.6% of company’s new contract target in.
Read More...MUFG to Acquire 73.8% Stake in Bank Danamon
Mitsubishi UFJ Financial Group (MUFG) agreed to buy an initial USD1.2bn stake in PT Bank Danamon, Tbk (BDMN IJ), to achieve 19.9% stake in the local bank. The Japanese bank reached an agreement with Temasek Holdings Pte and units affiliated with Singapore’s state investor. The deal values Danamon shares at IDR8,323 per share, 39% more.
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