Monthly Archives: February 2011
Delta Dunia & new commissioner
February 27th, 2011
BUMA is currently in talks with 12-15 lenders, mostly existing lenders, to secure a new financing of US$750 million with saggy covenants. “About US$600 million will be used to refinancing existing facility with tight covenants and US$50 million is ...
3 Indo coal mining contrators, target
February 27th, 2011
Pamapersada and BUMA have set a similar target this year. Pama plans to reach a 12% increase in overburden removal to 729.68 million bcm and coal production is set to rise 8% to 84.13 million tons. BUMA aims to ...
Astra FY10 net profit rises 26.49%
February 22nd, 2011
Automotive maker PT Astra International Tbk (ASII) is estimated to book Rp12.7 trillion net profit last year, a 26,49% increase from Rp10.04 trillion in the previous year, said a source. Astra President Director Prijono Sugiarto declined to comment on ...
Multistrada considers rights issue
February 21st, 2011
PT Multistrada Arah Sarana Tbk (MASA), Indonesia’s tire producer, plans to hold right issue merely to increase its working capital as much as US$50 million-US$100 million to establish a new subsidiary focusing on the management of industrial plantation. Multistrada ...
Multistrada, a clear sign to tap rubber
February 19th, 2011
Tire producer PT Multistrada Arah Sarana Tbk (MASA), which is now 9.8% owned by automotive producer of Salim Group dubbed PT Indomobil Sukses International Tbk (IMAS), has announced an extraordinary of shareholders’ general meeting (EGM) scheduled on February 21. ...
Multipolar dividend, who tell a lie?
February 15th, 2011
After experiencing rejection from minority share holders on Monday, Multipolar, controlled by Riady family’s Lippo Group, eventually sealed approval to distribute a very small dividend of Rp10/share or Rp77.28 billion totally. The dividend equals with payout ratio of 2.76% ...
Garuda IPO hard lending, the culprit?
February 13th, 2011
Indonesian flag carrier Garuda Indonesia may record the largest IPO of the state-owned enterprises at Indonesia Stock Exchange. But, it may be the worst as well. During the first day of trading debut on last Friday, Garuda Indonesia plunged ...
DB, J.P & UBS grab Indo’s bond mandate
February 11th, 2011
After inviting several foreign houses for presentation yesterday, Indonesian government via Ministry of Finance (MoF) has picked three joint global book runners for about US$1.5 billion of global bonds. A source close to the deal said Directorate General of ...
Trakindo’s affiliated eyeing IPO
February 6th, 2011
Indonesia Stock Exchange (IDX) now has two listed companies of heavy equipment distributor, PT United Tractors Tbk (UNTR) with its stellar brand Komatsu and PT Hexindo Adi Perkasa Tbk (HEXA) with Hitachi. An affiliated company of authorized dealer of ...