Category Archives: Market and Commercial

PTPP get New Contract Rp 9.5 Trillion

PT PP Tbk (PTPP) to new contracts worth Rp 9.5 trillion as of June 2013. The new contract is 2.5 times higher than the same period of the contract in the previous year.

“This acquisition nearly 50% against the target of a new contract this year from Rp 19.7 trillion,” said Corporate Secretary of PT PP Betty Ariana in a statement on Tuesday (07/16/2013).

With the acquisition of this new contract the company’s order book as of June 2013 reached Rp 25.3 trillion. This year the company is targeting sales of USD 10.2 billion with a net profit of Rp 370 billion.

Turnover and profit will be contributed from the five areas of the company’s business digeluri, construction, property, EPC, investment, and production of precast concrete.

Major projects that the company achieved, among others, the Port-Cilegon Krakatau Bandar Samudra, Nifaro Apartments, St Moritz, The Kencana, Cikampek Toll-palimanan, Tunjungan Surabaya Plaza V, Terminal 3 Seekarno Hatta Cengkareng Airport, railway in South Sumatra by PT KAI, infrastructure Sarulla 300 MW power plant in North Sumatra, Banten Intermark apartments and EPC projects Tanjung kitbag 120 MW Combined Cycle Power Plant, 160 MW power plant Bangkanai, and CNG Muara Tawar.

In addition, the company also received a new contract abroad, namely in Tibar Gleno Road, East Timor, amounting to Rp 264 billion.

Major program in the property sector which will begin in late 2013 the development landbank owned by the company, in the form of mixed use on an area of ​​4 hectares in Surabaya and a land area of ​​20 hectares in Jakarta. The target market is upper middle class.

Impact of Selling Assets in 2011, Merck Profit Drops 53%

Pharmaceutical and chemical company, PT Merck Tbk recorded a decrease in net income in 2012. The German issuers, incised profit of Rp 108 billion, down 53.24% from the previous period which amounted to Rp 231.16 billion.

Director of Finance Bambang Nurcahyo explain, the decline in 2012 net profit, due in 2011, the company is selling assets. This has an impact on revenues soaring Merck in 2011, while in 2012, there is no asset sales.

“The decline in performace 2012, causes the 2011 to sell property assets and Kemang BSD net profit of Rp 70 billion. Assets sold in 2011,” said Bambang at Public Expose Merck headquarters in Pasar Rebo, East Jakarta, Wednesday (20/03/2013).

In 2012, Merck’s sales reached Rp 930 billion, up 1.18% from the 2012 period amounted to Rp 919 billion. This sale, supported by three business units namely Chemicals Rp 359 billion, Merck Serono worth Rp 405 billion and Rp Consumer Healthcare 166 billion.

Merck also will perform a dividend of Rp 75 billion to shareholders. However, Bambang reluctant to mention the target profit, revenue and business plans and capital expenditures in 2013.

Pawnshops profit vanish 20%

Pawn PT (Persero) recorded a decline in first-half profit in 2013 amounted to Rp718 billion. The decline equivalent to 22 per cent, compared with the previous acquisition of Rp929 billion.

Director of Mortgage Finance Agus Dwi Pramoedya said the decline in profit due to the decline in gold prices Pawn. “Earnings in the first half we declined, due to the decline in gold prices greatly affect the performance, so terkspos pawnshops with gold prices, gold prices fell borrowing had come down,” said Dwi on Pawn Headquarters, Jakarta, Thursday (01/08/2013).

Dwi explained, for income, Pawn still recorded an increase. Where the report in June of this year recorded revenue Rp 4, 1 trillion, or an increase of 6.5 percent over the same period last year, which is Rp3, 8 trillion.

While the number of assets, Dwi said today there was an increase in total assets Pawnshops, where the current total assets Pawn Rp33 trillion, up 13 percent compared to last year’s total assets amounted to Rp29 trillion.

“Customers we still rose to 14.4 million compared to June last year, there was an increase of 5 per cent, last year’s 13.7 million customers,” he added.

Further Dwi, turnover Pawn until June submit their increased 6 percent to Rp46 trillion last year reached Rp43 trillion.

Meanwhile, the increase in Islamic mortgage that has increased 8.6 percent, where as of June this Pawnshops scored 6 trillion last year compared with the same period amounted to Rp 5, 5 trillion.

“Operating revenues actually still rising, with the increasing number of our customers, it looks the business we’re still growing,” he said.

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.

Semester 1, Gas receipts Reaches 18.7 Billion U.S. Dollars

JAKARTA – State revenue from the management of the oil and gas industry-upstream (oil) in the first half of this year reached 18.7 billion U.S. dollars, or higher than the target of 18.4 billion U.S. dollars.

Meanwhile, oil production per day has reached 99 percent, or an average of 831 118 barrels per day from the target set in the state budget in 2013 amounted to an average of 840,000 barrels of oil per day.

Unit chief Special Executive Upstream Oil and Gas (Migas SKK) Rudi Rubiandini claims, the achievement is unprecedented in a period of 3 years.

“The achievement of national oil production up to 99 percent of the budget target has never happened within the last three years. During the period of last three years of national oil production performance was always below 99%,” he said, Wednesday (07/31/2013).

He said the success achieved oil production and revenues is the result of hard work in SKK Oil workers, all workers Cooperation Contract (PSC), leaders and workers in the Ministry of Energy and Mineral Resources and all stakeholders in the upstream oil and gas industry.

Therefore, Rudi appreciation to all stakeholders in order to increase production of oil and natural gas nationwide so that the target could be exceeded state revenues.

Although there are many unsuccessful PSC oil production exceeded the target set in the state budget in 2013, but some of them have worked very well exceed those targets.

Exceed Production

There are seven PSC, which surpassed the target of state budget in 2013, namely ConocoPhillips Indonesia Ltd, Vico Indonesia, Medco E & P Indonesia (S & C Sumatra), PHE ONWJ, Chevron Pacific Indonesia, Medco E & P Indonesia (Rimau) and ConocoPhillips (Grissik) Ltd..

The details are as follows: ConocoPhillips Indonesia Ltd managed to achieve oil production by an average of 34 867 barrels per day from the target in the state budget in 2013 amounted to 32 890.

Vico Indonesia managed to produce as much as 13,740 barrels of oil per day from the target of 13 010 barrels per day. Medco E & P Indonesia (S & C Sumatra) managed to produce 6,841 barrels of oil per day from the target of 6,630 barrels per day;

PHE ONWJ managed to produce 38 996 barrels of oil per day from the target of 38 080 barrels per day; Chevron Pacific Indonesia managed to produce 323 014 barrels of oil per day from the target of 319 430 barrels per day.

Medco E & P Indonesia (Rimau) managed to produce 14,086 barrels of oil per day from the target of 14,060 barrels per day.

For the PSC still can not meet the target set in the state budget-2013 as well as the target in the Work Programme and Budget (WP & B), Rudi hope they can improve their performance.

“Performance targets are not reached so soon improved to the national oil production target can also be exceeded. What we are doing right now is working for the State, for the national interest because it lets us collaborate and work together, “he said.

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.

Gets BRI Rp 5 Billion Profit In 3 Months, Up 18%

PT Bank Rakyat Indonesia Tbk (BBRI) recorded a net profit of Rp 5.01 trillion at the end of March 2013, up 18.76% over the same period in 2012 and Rp 4.22 trillion.

As quoted from the press release, Wednesday (24/04/2013), profit growth is in line with the increase in the BRI loans reached 27.6% on an annual basis. BRI micro loans grew 22.3%, up from last year’s first quarter growth recorded 16.12%.

With this growth rate, the micro segment is the largest contributor BRI loan portfolio, which reached 31.07%. For the record, the contribution of micro-credit in the loan portfolio BRI BRI continues to increase within 5 (five) years.

BRI micro credit growth is not just merely result in an increase in outstanding loans, but also results in an increase in the number of customers. Until the end of March 2013, the number of micro borrowers BRI reached 5.7 million people.

Credit to small and medium-sized business segment, which is the result of a trickle-down corporate segment, grew by 183% over the same period last year.

PJAA Revenue Exceeds USD 1 trillion in 2012, Net Profit Up 10.02%

Annual General Meeting (AGM) of PT Pembangunan Jaya Ancol Tbk (PJAA) has appointed Billy Setyo Waluyo as President Director of PT Pembangunan Jaya Ancol, Tbk replace Budi Karya Sumadi have ended his term.

Billy had previously occupied the position as Director of PT Jaya Real Property since 2004. Graduates of the Architectural Engineering, Gadjah Mada University (UGM) is a recommendation of the Provincial Government (Government) DKI Jakarta.

While former President Director of PT Pembangunan Jaya Ancol, Tbk Budi Karya Sumadi end of his term in Ancol, and has received mandate from the city government to occupy the President Director of PT Jakarta Propertindo.

Various development efforts and efficiency PJAA conducted during 2012 the company managed to boost performance. PJAA revenue last year managed to break the USD 1 trillion, to be exact Rp 1,053 trillion, up 12.9% compared to the year 2011 amounting to Rp 933 billion. The figure is a record in the history PJAA revenue performance.

Meanwhile, net income rose sharply to Rp 178.15 billion or 10.02% higher than in 2011 which reached Rp 161.92 billion. This makes the achievement of earnings per share (EPS) rose from Rp 101 per share in 2011 to USD 111 in fiscal year 2012.

Company admits it is not easy to increase revenue amid increasingly intense competition with the emergence of leisure recreation places new, “but various contents innovation and development during 2012 has shown satisfactory results. Ancol Dream Park visitor numbers continue to grow to 15.849 million, up 6%, “said the former President Director of PT Pembangunan Jaya Ancol, Tbk, Budi Karya Sumadi, after the Open General Meeting of Shareholders (AGM) of the company, in the temple Bentar Mermaid Ancol , Thursday (30/5).

Based on data from the financial statements, all 5 (five) years the company’s revenue continued to grow significantly from just Rp 763.066 billion in 2007 to Rp 1.053 trillion in 2012, up 38% more. In the same period, net profit rose from Rp 140.867 to Rp 178.151 billion billion, an increase of approximately 23%.

In terms of total assets, the company is also experiencing rapid growth. As of December 31, 2012, total assets PJAA already reached Rp 2.38 trillion, up 37.49% compared to 2011’s Rp 1,737 trillion. But at the same time, total liabilities also increased from Rp 557.81 billion in 2011 to Rp 1.078 trillion in 2012.

Of the data is also visible, recreation and resort sector is still the largest contributor to revenue PJAA. Revenue from recreation sector reached Rp 674.56 billion, up 8% from the year 2011 which is only Rp 627.027 billion. While the resort segment operating income increased 31%, from Rp 48.3 billion in 2011 to Rp 63.112 billion.

Meanwhile, despite the rise in larger numbers (26%), income from the property sector in 2012 reached Rp 292.121 billion compared to 2011 amounting to Rp 232.410 billion. Performance segment performance properties obtained from the sale of the retail market segment, through the presence of several new property projects being built PJAA.

Described, contents development efforts and new innovations in the leisure segment conducted during 2012 as part of the strategic plan of the company until 2015. Efforts are made with the aim of achieving the company’s business growth suistainable recreation business segments where performance could be more adequate, both in the number of visitors and revenue.

Prospects in 2013

In 2013, for recreation and resort segment, PJAA will focus on the completion of the construction of Courtyard Marriot Hotel in Ancol complex Mermaids will have 310 rooms and is scheduled soft opening in mid-2014, the development of Ecopark, indoor Dufan, as well as the revitalization of the Art Market. The Company also plans to cooperate in the development of Taman Wisata Jurug in Solo, Central Java, South Jakarta Ragunan Swan Lake, as well as the development of Marunda Public Beach, North Jakarta.

“We will focus on development to support sustainable growth and transform business segments that do not contribute to the advancement of the company,” said Billy Setyo Waluyo as President Director of PT Pembangunan Jaya Ancol, Tbk new.

In the property sector, efforts will be made to the income mengenjot continue reclamation projects in the framework of additional land bank, an exclusive residential development Coasta Villa Beach Resort Living as many as 105 units on an area of ​​27 491 m2, the completion of construction of North Land Ancol Residence apartment, condo development and Seafront town house in Ancol Ancol Barat, West Ancol apartment development, and construction of an office area Ancol Office Park.

“This development is in line with the plan of making PJAA Ancol became the center of business, entertainment and residential in Jakarta,” said Gatot Setyo.

In addition to leisure and property segment, to increase its revenue PJAA will also continue the development of new business with business-based infrastructure. For 2013, the company through its subsidiary PT Pratama Jaya Ancol will continue keikusertaannya in development projects along Priok Access Road Toll PT Jakarta Propertindo through PT JATP (Toll Priok Access Road), and the construction of 6 sections Jakarta Urban Toll Road through a partnership company PT JTD.

“This effort is a collaboration of our commitment to creating new sources of revenue for the company. And through a variety of efforts, the company’s revenue is expected to grow an average of 15% per annum in the next 5 years, “said Gatot Setyo.

PJAA contribution to PAD Capital Continues to Increase

Increasing the company’s performance also affects the contribution PJAA for local revenue (PAD) DKI Jakarta. For 2012, the company’s contribution to the PAD Jakarta Rp 129.212 billion or greater than in 2011 which reached Rp 120.8 billion.

Of revenue amounting to Rp 129.212 billion, Rp 77.372 billion, a regional tax to be paid and the remaining Rp 51.840 billion of dividends. “Local Taxes that we pay consisting of the UN, PHI, and PB 1,” he said.

PJAA contribution to DKI Jakarta PAD in 5 (five) last year continues to increase. In 2007, the contribution of Rp 90.25 billion and increased to Rp 100.9 billion in 2008. For the year 2009 reached Rp 100.7 billion in 2010 to Rp 113.2 billion and Rp 120.8 billion for 2011.

The AGM also agreed, on the earnings per share (EPS) of Rp 111 per share, will be distributed in the form of dividends amounting to Rp 49.5 per share to the shareholders. This figure is much better than the previous year in which EPS reached Rp 101 per share and dividends are distributed only Rp 45 per share.

Bicycle merchant turnover increased

Coming to commemorate the anniversary of independence of the Republic of Indonesia (Independence Day), turnover bike trader in the Market Development Pangkalpinang increased 30 percent, due to increased demand for bicycles.

It is the custom every year to commemorate the anniversary of Independence of the Republic of Indonesia held a parade cycling ornamental, “said A Kim, traders in the Market Development Pangkalpinang bike on Sunday.

He explained that the demand for bicycles of various sizes up to 5 to 8 units a day, when compared to previously only 2 to 3 units a day, even during the day there is nothing to sell at all.

“Currently bike trader turnover reached Rp1 million to R1, 5 million per day, compared to 300 thousand previously only Rp500 thousand per day,” he said.

He said the current demand is dominated by bikes bikes for children and young women, while for men a little less, “he said.

Meanwhile, the price varies depending on the size of the bike and the brand price offered is around Rp500 thousand per unit up to Rp1 million per unit.

According to him, the increasing demand for bicycles is only temporary because after Independence Day typically requests again deserted.

“People prefer to use motorcycles instead of using a bicycle dikayuh, with cycling when our bodies to be healthy and free of pollution,” he said.

Hardi, other bicycle traders said, ahead of the Independence Day bike trader harvest due to increased sales of bicycles so that merchant turnover increased.

“Sales of bicycles on Independence Day is almost every year there is an increase, but after that, sales declined again, because there is still low awareness for cycling,” he said.

“I just hope the bike demands a typical day could continue to rise, so the bike stable income traders,” he hoped.

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.