Commodity price doldrums, Uno Uno Corporate Profit Drops 65%

Saratoga Investama Tbk PT Federal International (SRTG) made a profit of Rp 188.34 billion in the first half of 2013, down 65% when compared to the same period last year of Rp 539.61 billion. The fall in profits due to weak performance in the subsidiary coal and palm oil sector.

“Weakness in the coal and palm oil sector makes to the weakening performance,” said President Director of Saratoga Uno Uno S in Jakarta, Thursday (08/01/2013).

The Company recorded revenue of Rp 1.165 trillion in the first six months of this year, revenue rose compared to the previous year in the same period to Rp 1.138 trillion.

Load reduced income from Rp 1,063 to Rp 1,038 trillion trillion at the end of June 2013. So the gross profit and operating profit growth is still positive.

The company’s net profit could decline due to other expenses are quite high, especially because of the performance of subsidiaries in the coal sector and palm oil weakened.

Saratoga continued to invest in three key sectors to drive economic growth in Indonesia with a long-term outlook is very positive.

“By providing long-term benefits, Saratoga will continue to contribute to Indonesia and the wider community,” Uno added.

One of the company’s subsidiary in the consumer sector, PT Mustika Pinasthika Mitra Tbk (MPMX), earned revenues of Rp 6.78 trillion, contributed by higher sales of motorcycles in East Java and East Nusa Tenggara.

Sales volume increased by 26% to 447,578 units in the first half of 2013 compared to 355,758 units in the same period a year earlier. It is also supported by MPM automotive rental business, which rose 74%, from 6,995 units in the first half of 2012 to 12,104 units in the first half of 2013.

While the sector PT Tower Bersama Infrastructure Tbk (TBIG) won pendapatam surge by 96% This is caused by the growth of a significant tenant of organic growth and through acquisitions, from 8,584 tenants as of June 2012 to 15 277 tenants in June 2013.

In line with the increase in revenues, gross profit TBIG also been increased by 98% in the first half of 2013.

Saratoga Investment in PT Lintas Marga Sedaya managing highway projects Cikampek-palimanan goes according to schedule. Overall construction was started in January 2013.

The entire land has been acquired, the work permit has been issued by the authorities and senior debt facility is executed as well as drawdown begins in line with the project an important milestone.

While the natural resources sector, global sentiment towards commodities affect the performance of associated companies (investee companies) engaged in integrated coal sector, mining and palm oil.

Such as PT Adaro Energy Tbk (ADRO), Provident Agro, and PT Agro Maju Raya (Amara) which was corrected earnings

Expand in Insurance and Banking

Entering the second half of 2013, the company plans to enter into the insurance and banking sectors. This sector, said Uno, still very attractive in Indonesia.

“We are open to look at opportunities in the banking sector. Banks in Indonesia are very good, the growth of the industry is still good,” he said.

The Company is developing in the direction of the two sectors of the industry. How, can by buying an existing company or create new company from scratch.

“The business model we are usually targeting existing enterprises and capital needs. But it could also open opportunities from zero,” he said.

No comments, shop8admin, January 21, 2018

Bank Permata Raup Rp 818 Billion Net Income, Grows 15%

Jakarta – PT Bank Permata Tbk recorded a net profit after tax (consolidated – unaudited) of Rp 818 billion in the first half of 2013, an increase of 15% over the same period in 2012.

Total operating income reached Rp 3,205 trillion in the first half of 2013, 12% higher than the same period last year of Rp 2,859 trillion, driven by good growth in net interest income and fee-based revenue (fee-based).

The net interest income grew 12% yoy to Rp 2,568 trillion, with sustained strong credit growth. While the revenue-based fee (fee-based income) rose 11% yoy to Rp 638 billion.

Director of Permata Bank, David Fletcher said the company’s operating performance improved strongly in the first half of 2013 was made possible through corporate discipline in carrying out the strategy.

“Permata Bank ended the period with a strong record of financial performance and good momentum in both segments of retail and corporate banking business (Retail and Wholesale Banking),” he said in a press release on Tuesday (07/30/2013).

The second half, continued David will bring a new challenge in the form of increased interest rates and the dynamics of the economy.

“Nevertheless, we believe that the Bank is in a good position amid this uncertainty,” he said.

In the first half of 2013, loans grew by 27% yoy from Rp 84.4 trillion at the end of June 2012 to Rp 106.9 trillion at the end of June 2013. Credit growth in almost all business segments, including strong growth in SME business, mortgage and lending to corporate and middle segments of the local market. Total assets reached Rp 144.3 trillion, up 31% yoy from Rp 110.6 trillion as of June 30, 2012.

More diverse funding base and grow sustainably. Third-party funds, including the Sharia – increased 32% yoy to Rp 116.1 trillion, where current and savings accounts (CASA) each recorded an increase of 16% yoy and 6% yoy. Meanwhile deposits recorded strong growth at 41% yoy. Sharia financing recorded a significant increase in the amount of 95% yoy.

Excellent credit quality reflects the Bank’s compliance to always keep the principle of prudence. Non Performing Loan (NPL) Gross improved to 1.2% as of June 30, 2013 compared to 1.6% in the previous year. Similarly, the net NPL has also improved to 0.4% from 0.5% in the same period last year.

Permata Bank also maintains a healthy level of capital to risk weighted assets (RWA) and ended the period with a Capital Adequacy Ratio (CAR) of 15.6%, up 232 bps compared to the previous year in spite of the strong credit expansion. Shareholders’ equity grew 35% yoy to Rp 13.2 trillion at the end of June 2013, supported by a limited public offering / PUT (Right Issue) by the Bank in the year 2012.

No comments, shop8admin, January 17, 2018

Kalbe Farma Record Net Income Rp924 Billion

PT Kalbe Farma Tbk (KLBF) recorded a net profit of Rp924, 150 billion during the first half of 2013. The net income growth from the previous year amounting to Rp807, 832 billion.

Quoted from financial reports, on Wednesday (07/31/2013), basic earnings per share of pharmaceutical and healthcare products company that was increased to Rp20 per share from the previous year Rp17 per share.

The increase was driven by sales of products that make the company’s revenue of Rp 7, 421 billion in the period January to June 2013. The revenue growth over the previous year of Rp 6, 243 trillion.

The Company also recorded a gross profit in the January-June 2013 amounted to Rp3, 622 trillion, up from the previous year amounting to Rp3, 063 trillion.

Income before income tax expense was also recorded at Rp1, 22 trillion increase over the previous year amounting to Rp1, 08 trillion.

No comments, shop8admin, January 11, 2018

Come Enjoy Good EMC Indonesia Industrial Properties

Industrial properties are very excited. Many buildings, malls, apartments and housing built everywhere.

Passion that turns a positive impact on EMC storage players. For the second quarter of this year, EMC has also enjoyed the delicious Indonesian property industry.

“One of the significant business (growth) is not in the leading sectors such as telecommunications and banking, but the property industry is hot. Many transactions. Also in the financial and telecommunications industries, “said Adi Rusli (Country Manager, EMC Indonesia) on the achievement of the company ahead of time to break the fast together in Jakarta yesterday (07/30/2013).

Adi insisted, EMC revenue spearhead Indonesia remains the financial and telecommunications sectors. “But there is a rising industrial properties (growth) with demand virtualization to cloud storage consolidation,” he explained.

Compared to the first quarter of this year, said Adi, EMC’s total revenue in the country grew by 8.2%. “It should be bigger,” said Adi. Greater constraints on growth, he said, is not economic factors. “But because many projects are backed up to the third quarter. Usually January to July slowed somewhat, “he explained.

For storage business, said Adi, achieving EMC in the first half of 2013 grew 24% compared to the same period last year. While in total, EMC revenue in Indonesia for the first half of this year grew 25.4% compared to the first half of 2012.

Citing data from research institutions IDC for the first quarter of 2013, Adi mentioned that the EMC is now sitting in third. “In Indonesia, EMC is not number one,” he admitted. “But there is a significant growth. First, four years ago, EMC no ranking (in Indonesia), “he explained.

Currently, there are about EMC focuses on the business of big data, cloud and security. EMC’s business is divided into the field of storage, virtualization and Pivotal (big data). Confused what is Pivotal? Pivotal is a new platform, where all the virtualized infrastructure and presented as a service (service) and complete control through software. Pivotal is a new business entity EMC, the EMC’s ownership of 60%, 20% and 10% GE VMware.

No comments, shop8admin, January 2, 2018

DSNG Records Rp 260 Billion Operating Profit

JAKARTA – PT Dharma Satya Nusantara Tbk (DSNG) in the first semester of 2013 an operating profit of Rp 260 billion in the first half of 2013, up 9% over the previous period of only Rp 238 billion. This is mainly due to the decrease in cost of sales per ton of crude palm oil (CPO) of 8.4% from USD 4.7 million in the first half of 2012 to Rp 4.3 million.

“Although the price of CPO in the international market this year has decreased, the company managed to maintain the gross profit margin of 28% as of last year, and operating profit margin at the level of 15%,” said Andrianto Oetomo, Vice President Director of PT Dharma Satya Nusantara Tbk (DSNG), in a press release.

Recorded net sales of Rp 1.7 trillion. The amount of net sales contributed by the plantation sector reaches 60% or Rp 1 trillion and wood products sector reaches 40% or approximately Rp 0.7 trillion. The revenue contribution from the plantation sector increased 55% compared to last year.

As of June 2013, total assets of the Company’s total of Rp 5.7 trillion, up 11% compared to the last year of Rp 5.1 trillion. Total equity of the Company to Rp 1.9 trillion, an increase of 35.6%.

No comments, shop8admin, December 18, 2017

China Industrial Profits Reach Rp 820 trillion as of June

China’s industrial profit growth slowed in June, because the country’s economy will weaken, rising costs, and the price of goods down because demand is growing moderately.

Based on data released by the Bureau of Statistics of China, on Friday (26/07/2013) net income of Chinese companies rose 6.3 percent (year on year / yoy) to 502.4 billion yuan (82 billion U.S. dollars, or Rp 820 trillion) . Growth is lower when compared to the previous month to reach 8.8 percent.

Stock markets in China also fell for the third time on the same day, in response to low growth in manufacturing, after the Chinese government reduce its 19 capacity to trim excess supply causes the price to drop.

At the same time, China’s National Council has also offered limited support through acceleration of railway construction, tax cuts for small businesses and cut export costs.

“In terms of policy, the most obvious thing is there is no economic stimulus package in China,” Zhu Haibin, an economist at JPMorgan Chase & Co., Which is based in China.

According to him, the Chinese government is now trying to formulate fiscal policy to be more effective at reducing the administrative expenditure.

Meanwhile, on the monetary side, the Chinese central bank is trying to boost credit directly channeled to the real sector.

No comments, shop8admin, December 9, 2017

The existence of the Industrial Bank Could Push Manufacturing Sector

MAKASSAR – Proposed Ministry of Industry (Ministry of Industry) regarding the presence of special industrial rated bank could trigger industrial growth better.
Economic observers Hasanuddin University, Syarkawi Rauf explained by the existence of special or specific bank serving the industry could trigger industrial growth in the business sector. The same thing happens in China.
“They have a lot of banks aimed at channeling funding priority activities, such as agriculture with agricultural bank, industrial bank industry, and others,” he said in Makassar on Thursday (25/07/2013).
For this project, the government should include the estimated capital above Rp 5 trillion, so the banks can get three books with high flexibility to manage business products.
DPD Chamber of Commerce and Industry (Kadin) Sulsel also strongly supports the presence of industry-specific bank. Chairman of the Chamber of Commerce of South Sulawesi, Zulkarnain Arif, said the bank’s presence is needed to help businesses meet industry needs.
According to Zulkarnain, the bank line government regulations regarding the application of the rules on the management of raw materials before export overseas.
However, the Chairman of the Banks of South Sulawesi, Andrew Wongjaya, banks should assess the industry empowering government bank that already exist today.
“It should be the government’s existing bank actually asked to allocate credit in the field of industry on the percentage of the loan portfolio,” he explained.

No comments, shop8admin, December 4, 2017

US home prices rise 12.2 percent, best in 6 years

U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening.

The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The month-over-month gain nearly matched the 2.6 percent increase in April from March – the highest on record.

The price increases were widespread. All 20 cities showed gains in May from April and compared with a year ago.

Prices in Dallas and Denver reached the highest level on records dating back to 2000. That marks the first time since the housing bust that any city has reached an all-time high.

Home values are rising as more people are bidding on a scarce supply of houses for sale. Steady price increases, along with stable job gains and historically low mortgage rates, have in turn encouraged more Americans to buy homes.

One concern is that higher mortgage rates could slow home sales. But many economists say rates remain low by historical standards and would need to rise much faster to halt the momentum.

Svenja Gudell, senior economist at Zillow, a home price data provider, said a big reason for the recent price gains is that foreclosed homes make up a smaller proportion of overall sales. Foreclosed homes are usually sold by banks at fire-sale prices.

“Typical home values have appreciated at roughly half this pace for the past several months, which is still very robust,” Gudell said.

Gudell said higher mortgage rates and a likely increase in the number of homes for sale in the coming months should slow the pace of price gains and stabilize the housing market.

The index covers roughly half of U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The May figures are the latest available. They are not adjusted for seasonal variations, so the monthly gains reflect more buying activity over the summer.

Despite the recent gains, home prices are still about 25 percent below the peaks they reached in July 2006. That’s a key reason the supply of homes for sale remains low, as many homeowners are waiting to recoup their losses before putting their houses on the market.

Dallas and Denver, the two cities that reached record highs, were not hit hard by the housing bust and therefore didn’t experience the sharp price swings like cities in Nevada, Arizona, California and Florida.

In Dallas, prices fell only 11.2 percent from their previous peak in June 2007 through February 2009. That’s far less than Las Vegas, where prices plummeted by more than half. Since bottoming out, home prices in Dallas have increased nearly 14 percent.

In Denver, prices dropped 14.3 percent from August 2006 until they also hit bottom in February 2009. Since then, they have risen 17.3 percent.

The biggest price gains are occurring in many of the states that experienced the worst housing bust.

Prices jumped 24.5 percent in San Francisco in May from a year earlier, the largest increase. Las Vegas reported the next biggest gain at 23.3 percent, followed by Phoenix at 20.6 percent. All three remain well below their peak prices.

The smallest yearly gains were in New York, at 3.3 percent, followed by Cleveland with 3.4 percent and Washington, D.C. at 6.5 percent.

Higher home prices help the economy in several ways. They encourage more sellers to put their homes on the market, boosting supply and sustaining the housing recovery. And they make homeowners feel wealthier, encouraging consumers to spend more. Banks are also more willing to provide mortgage loans when homes are appreciating in value.

Mortgage rates have surged since early May, though the increase would have had little impact on the current report. The average rate on a 30-year fixed mortgage has jumped a full percentage point since early May and reached a two-year high of 4.51 percent in late June.

Mortgage rates jumped after Chairman Ben Bernanke said the Federal Reserve could slow its bond-buying program later this year if the economy continues to improve. The Fed’s bond purchases have kept long-term interest rates low, encouraging more borrowing and spending.

In recent weeks, Bernanke and other Fed members have stressed that any change in the bond-buying program will depend on the economy’s health, not a set calendar date.

Since those comments, interest rates have declined. The average on the 30-year mortgage was 4.31 percent last week.

The Fed begins a two-day policy meeting Tuesday and could clarify its remarks further when the meeting concludes on Wednesday.

No comments, shop8admin, December 2, 2017

Batik entrepreneurs Complaining Export Difficulties

Batik entrepreneurs of small and medium scale industries in Surakarta complain of difficulty for export. Difficulties due to the high export standards applied by the government, such as production standards, labels, and hospitable environment. To meet the standards, the costs are also not small.
»What we regret, government implement high standards and difficult to batik to be exported. Though Indonesian batik, “said the owner of batik Lor Market Ing, Widhiarso, as marketing strategy discussions batik in the international market at the Islamic University of Batik (UNIBA) Surakarta, Tuesday, July 30, 2013.
On the other hand, the government seemed to ease the entry of goods imported into Indonesia. As a result, Indonesia is controlled by imported products, including batik textiles. “Unfortunately, our society is happy with smelling product imports.”
He asked the government to facilitate the export process for batik. As a cultural heritage of Indonesia, batik role introduced and became an icon of Indonesia in the international world. He admitted during the batik entrepreneurs, especially in the village of batik Laweyan, have attempted to adjust to the foreign buyer. For example about the style, quality, and environmentally friendly production processes. According to him, the government rules actually hinder exports.
Other batik entrepreneurs, Achmad Soelaiman, said other challenges batik exports come from the country of destination. As in Malaysia which forbids existing Indonesian batik products into the country. »The goal is to protect their batik industry based in Terengganu and Kelantan,” said Puspa Kencana batik owners.
For that, he tried to outsmart by offering a white cloth as raw material of batik in Malaysia. Malaysian batik entrepreneurs usually bring a white cloth from Thailand and China.
Having established the business long enough, eventually he gained the confidence to produce Malaysian batik in Indonesia. »Then exported to Malaysia,” he said. He added, Laweyan batik entrepreneurs actually start exporting batik since the 1970s, although the numbers are limited.
Lecturer UNIBA Surakarta, Siti Endang Rahayu, said sales of batik Laweyan quite encouraging. To prevail in the international market, he advises entrepreneurs batik attention to culture in the country of destination, the efficiency of the production process to improve competitiveness, and look at the rules. For example, should not be using a mixture of certain ingredients in the production process.

No comments, shop8admin, November 24, 2017

Profit Perhutani first semester of 2013 reached Rp466 billion

Profit before tax Perhutani to end first semester of 2013 reached Rp466 billion, up 179 percent from Renca Budget Work Company (CBP) has been determined.

According to a press release from Perhutani received by AFP in Jakarta, on Saturday, the profit of the many donated from round timber sales in the country reached Rp882 billion and Rp520 billion overseas reach.

In addition, sales of other industries in the country reached Rp232 billion, sales of finished wood products industry from abroad totaled Rp50 billion and sales of processed wood (raw sawn timber) in the country reached 30 billion.

Gondorukem products, processed pine resin is the second largest income producer for Perhutani with the value of exports jumped 12 per cent of the target in the CBP. Perhutani gondorukem export markets are Europe, Japan, China and several other countries. Gondorukem Perhutani is the largest producer in Indonesia and Southeast Asia.

Director Sukmananto Perhutani Bambang said targets and business outlook for the second half of 2013 Perhutani directed at four things, ie achieve the production target node exceeds the first half, giving priority to the principles of sustainable forest management, the industry will begin to prepare for productive use and make savings in anticipation of price increases oil to the forest industry.

Perhutani also has several projects such as the completion of construction of the plant in Pemalang gondorukem derivatives, sago factory in Sorong, Papua Perhutani headquarters and development in collaboration with other state-owned enterprises.

No comments, shop8admin, November 18, 2017



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