|Thursday, January 24, 2013
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GMR Energy acquires Golden Energy Mines
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PT Dian Swastika Sentosa Tbk (DSSA), a parent company of coal mining PT Golden Energy Mines that is controlled by Fuganto Widjaja, son of Sinarmas’ Indra Widjaja, has signed a conditional Sales & purchase agreement (CSPA) with India’s GMR Energy Ltd, subsidiaries of GMR Infrastructure. GMR Energy has agreed to acquire a 30% stake in Full Article

Petrosea 1H profit slightly drops 4.8%

Coal mining contractor PT Petrosea Tbk (PTRO), a majority stake owned by PT Indika Energy Tbk (INDY), integrated energy company that is controlled by Agus Lasmono and Wiwoho Basuki Tjokronegoro, reported a slight decrease in net profit of 4.86% for the first 6 months of this year as other charges steeply increased. In an unaudited Full Article

Dian Swastatika 1Q profit soars 511%

PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of this year as a result of higher revenue. Dian Swastatika posted US$11.99 million net profit or US$0.016 per share in 1Q 2011 from US$1.96 million or US$0.003 per share Full Article

Telkom & Cambodian mobile takeover

Telkom has been appointed as a preferred bidder for 51% stake in Cambodian’s largest mobile operator by subcriber, CamGSM. A source close to the deal said Telkom is awaiting for the approval from board of commissioner. “Telkom expects the acqusition could be accomplished in the second half of this year,” the source said. The company Full Article

TPG Capital & GIC finally control DOID

Consortium of TPG Capital and Government of Singapore Investment Corporation Pte Ltd (GIC) has finally completed a purchase of all the non-voting interest in Northstar Tambang Persada Ltd (NTP), a 40% controlling shareholder of PT Delta Dunia Makmur Tbk (DOID) from certain investors or shareholders. In a formal statement sent to management of Delta Dunia Full Article

Bumi Minerals grabs US$54 mio dividend

PT Multi Daerah Bersaing (MDB), a subsidiary of PT Bumi Resources Minerals Tbk (BRMS), today obtained US$54 million dividend from gold miner PT Newmont Nusa Tenggara (NTT). Investor Relations BRMS Herwin Hidayat stated in the press release that Multi Daerah Bersaing obtained such dividend because its holds 24% stake in Newmont. ”This is the fourth Full Article

Indika, Petrosea disposal & MBSS

In the last 6 trading days, diversified energy company PT Indika Energy Tbk (INDY) has gained 16.99% to Rp4,475 per share, reflecting annualized price to earning ratio (P/E) of 22.52x, from Rp3,825 per share. Indika last week announced an option agreement to acquire 51% holding in coal tugs and barges company PT Mitra Bahtera SegaraSejati Full Article

Bumi Resources Minerals IPO update

Indonesia’s largest coal mining company PT Bumi Resources Tbk (BUMI) plans to bring its wholly owned subsidiary namely PT Bumi Resources Minerals (BRM) into public company. How is the preparation of BRM IPO? please login or register to read more stories on Bumi Resources Minerals.Full Article

Bumi Resources Minerals IPO update (1)

PT Bumi Resources Minerals (BRM) plans to start holding a roadshow for the IPO of 16.22% stake on November 9 to November 22 2010. The company intends to schedule roadshow in Singapore, Hong Kong, London, Frankfurt, Boston, and New York. “BRM has set a listing target at Indonesia Stock Exchange in the second week of Full Article

Adaro Energy 9M net profit plunges 52%

Publicly listed one of Indonesia’s largest coal miner PT Adaro Energy Tbk (ADRO) today announces a 43% decrease in net income to US$186 million or a 52% decrease to Rp1.69 trillion for the first 9 months period ended September 30 2010. In a press statement filed to Indonesia Stock Exchange (IDX) today, earning per share Full Article