Monthly Archives: January 2011
Bukit Makmur & director resignation
January 30th, 2011
After three reputable financial investors indirectly acquired all shareholding in Northstar Tambang Persada, a 40% stake holder in PT Delta Dunia Makmur Tbk (DOID), one strategic director in Delta Dunia’s wholly owned subsidiary PT Bukit Makmur Mandiri Utama (BUMA) ...
Indofood FY10 revenue to rise 10%
January 26th, 2011
Indonesia’s largest instant noodle maker PT Indofood Sukses Makmur Tbk (INDF) estimates to post 9%-10% revenue in 2010 to Rp40.48 trillion-Rp40.85 trillion from Rp37.14 trillion in 2009. Indofood Vice President Director Franky Welirang said Indofood expects to rise revenue ...
Indofood CBP and noodles price hike
January 23rd, 2011
Instant noodle maker PT Indofood CBP Sukses Makmur Tbk (ICBP) is considering to jack up instant noodles’ selling price of four main brands starting tomorrow. The price increase may be intended to anticipate the hike of raw materials. Indofood ...
The next Bapepam chairman
January 20th, 2011
The market rumor on the replacement of the Chairman of Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) A. Fuad Rahmany will be proven soon. A source familiar with the matter said that there will be official inauguration tomorrow ...
Djoko Susanto to dispose AMRT
January 18th, 2011
Founder of Alfamart chain retailer PT Sigmantara Alfindo, Djoko Susanto, has bought back shares of PT Sumber Alfaria Trijaya Tbk (AMRT) from Northstar Pacific Partners. Will he place or retain the shares? Sigmantara Alfindo will raise Rp926.56 billion-Rp1.04 trillion ...
What do you expect from Garuda IPO?
January 16th, 2011
The state-owned airlines PT Garuda Indonesia (Persero) Tbk is underway to lure both domestic and foreign investors through initial public offering (IPO) road show scheduled on January 13-January 24 2011. The IPO final price is expected to be determined ...
ELTY to sell 75% stake in Bakrie Toll
January 13th, 2011
Property developer PT Bakrieland Development (ELTY) plans to divest up to 75% its ownership in Bakrie Toll Road (Bakrie Toll), the company’s toll-road operator subsidiary. Based on news in Investor Daily, the President Director, Hiramsyah Thaib, mentioned that the ...
Asia Green seeks stake in Indonesia coal
January 13th, 2011
Asia Green Energy Plc (AGE), Thailand’s top coal importer, is in talks to acquire majority stakes of coal mines in Indonesia and minority shares of power plants in China as part of its five-year plan to boost revenue to ...
Borneo indicates US$305 mio revenue
January 13th, 2011
Hard coking coal producer PT Borneo Lumbung Energi & Metal Tbk (BORN) indicated to post 1.65 million tons sales volume with average selling price of US$185 million per ton by end of last year. Referring to the indicators, Borneo ...
Garuda IPO set at Rp750-Rp1,100
January 13th, 2011
Indonesia’s flag carrier PT Garuda Indonesia is set at the price of Rp750-Rp1,100 per share during initial public offering (IPO). Iman Rachman, Director of Investment Banking at Mandiri Sekuritas, told Insider Stories that Garuda plans to sell 36.47% shareholding ...