Monthly Archives: July 2016

Analyst: Foreign Funds Back in Second Half

jaysonhyd   July 18, 2016  
gatebox_technology

Jakarta (Reuters) – The flow of foreign funds is expected to re-enter the domestic capital markets following a rise in interest rates by Bank Indonesia or BI rate to 6.5 percent, said a stock market analyst.
“Indonesia is the only country to raise interest rates amid slowing economic conditions the world is. Thing that will encourage the flow of foreign capital back to the Indonesian capital market in the second half,” said analyst Hamid Agustini Recapital Securities in Jakarta on Wednesday .
He added that funding opportunities foreign investors back to Indonesia’s capital market is quite large due to the current interest rates in the U.S. only by 0.25 percent.
“The purpose central bank to raise interest rates to attract foreign investors to remain invested their funds in Indonesia,” he said.
Moreover, he added, if the U.S. economic stimulus program was decided to be extended by the Fed that foreign funds will be returned to the country and rose to the level of 5,000 points.
Agustini adding he was optimistic BEI index still can reach levels above 5,000 points, sustained by the strengthening of the shares in the sectors of infrastructure, building construction, in particular sub-sectors of basic industries of cement, consumer, banking and finance.
Head of Research at PT Universal Broker Indonesia, Satrio Utomo said in the last four trading days, foreign investors began to re-enter the Indonesian capital market, although not yet significant. That’s because that sentiment is more external than domestic role.
“Moreover, later this evening, the Fed will provide testimony, expected to be seen from the direction of Fed policy for the second half of 2013, a positive for the market,” he said.
Satrio suggest in the next few days investors can collect banking sector stocks, consumer and construction sub-sectors. Investment strategy is accumulated when the stock price is declining

PHE WMO Boost Production With New Wells

jaysonhyd   July 16, 2016  
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PHE WMO continues to increase production, the target chasing SKK Migas. Entering the second half of this year PHE WMO back to drill two new oil wells to boost production.
PHE WMO production by mid of this month has gone up again to 22,500 barrels per day (bpd). Number of production. This increase relative to production in the early month high of 22,200 (bpd),

Even so PHE WMO is still trying to raise production to 24,000 bpd to 27,000 bpd by the end of this 2013.
Head of Production PHE WMO, Agus Sudarmanto said in July they are targeting to add two new wells. By the operation of two new wells could increase total production.
Agus explained, in 2013 the PHE WMO target drill 21 production wells. Now there are 11 production wells were drilled.
Overall there. Approximately 77 wells are worked in WMO block. Of the total number of wells, 36 producing wells in antaranyasudah not.
He explained that, in the three months beginning in 2013, the production of PHE WMO average is still in the range of 10,000. Away from the target SKK Migas. Significantly increase new production achieved from April until July.
Since April 1, PHE WMO continues to increase production from 9,000 bpd to 12,000 bpd. After the break in May and 20,300 bpd 17,000 bpd in June. Peak at the beginning of production back in July increased to 22,200 bpd and 25,500 bpd now broken.
“Declining block rate in WMO relatively high, so the addition of this production in addition to menutut old debt also against declaining a relatively high rate,” said Agus, Monday (22/07/2013) night.
Agus hoped, with increased production, at the end of 2013, the average daily production of PHE WMO SKK gas could meet the target. “Our main target SKK how to reach the target gas. We still have the debt, which hopefully we can continue to pursue with increased production, “he said.
He added that the increased production expected to be achieved from the two new wells that are ready to increase production.
This additional production is expected to be optimal with the completion of the installation of a new pipeline connecting new wells with Poleng Processing Platform (PPP).

Mobile sales Selling Well, Tiphone Gets Rp 129 Billion Profit

jaysonhyd   July 15, 2016  
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PT Tiphone Mobile Indonesia Tbk (TELE) posted a net profit of Rp 129.3 billion in the first half of 2013, an increase of 63% compared to the same period last year to Rp 79.5 billion. The profit increase was triggered by increased revenues of the Company which reached Rp 4.49 trillion, an increase of 36% over the same period last year of Rp 3.3 trillion.

Of the total revenues, approximately 84% was contributed sales of mobile voucher of Rp 3.79 trillion, up 27% compared to the same period last year to Rp 2.98 trillion.

While handset sales reached Rp 654.6 billion, which accounted for approximately 14% of total revenue. Contribution of this handset revenue jumped 125% over the same period last year which was only Rp 291.3 billion.

Tiphone Director Tan Pin Lie said the increase in revenues from handset sales this significant is the impact of the company’s focus on developing a smartphone outlet network in collaboration with global vendors, such as Samsung Mobile and LG Mobile.

“In the first quarter and second quarter of this year, the Company aggressively developing a distribution network for smartphone products in collaboration with several global vendors, such as Samsung and LG. Past June, we have also been designated as a national authorized dealer of LG Mobile.’s Contributed to
growth in revenue from the handset sector, “Tan said in a press release on Thursday (08/01/2013).

In the past year, sales of handsets only contributes about 10% of the revenues of the Company. This year, the Company plans to increase the revenue contribution of 30% of the handset.

In early July, the company completed the acquisition of an importer and distributor of iPhone, PT Mitra Telecommunications Cellular, thus Tiphone position as an importer and distributor that will distribute the product to Apple Premium Reseller and other retailers across Indonesia.

With this acquisition, the company hopes to increase sales of handsets, especially the iPhone and iPad for 5-10% of total revenue, or about 20-30% of total handset sales.

IPhone sales are also working in bundling with operator PT Telekomunikasi Cellular (Telkomsel). Previously, the company also has teamed up with Samsung Mobile, by establishing outlets Samsung Experiential Shop.

ESSA Records Net Income of U.S. $ 6.9 Million

jaysonhyd   July 14, 2016  
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PT Surya Eka Perkasa Tbk (ESSA), issuers engaged in LPG refinery, the first semester of 2013 (unaudited) recorded revenues (consolidated) U.S. $ 19.6 million and net income of U.S. $ 6.9 million, and EBITDA of U.S. $ 12 million.

In the disclosure of information the Indonesia Stock Exchange, mentioned ESAA produce LPG at 21 493 metric tons, and 78,586 barrels of condensate during the first semester of 2013, an increase of respectively 26.1% and 33.8% compared to the first half of 2012.

The average selling price of LPG during the first half fell 10.8% to U.S. $ 809 per metric ton, compared to U.S. $ 903 per metric ton in the first half 2012.Harga average LPG during the first semester of 2013 is higher than the benchmark of the Company in 2013 amounted to U.S. $ 750 per metric ton.

Ratu Prabu Aims Rp 551 Billion Revenue in 2013, Up 25%

jaysonhyd   July 14, 2016  
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PT Ratu Prabu Energy Tbk (ARTI) is optimistic handful net income of Rp 551.85 billion at the end of 2013. Revenues, up 25% from the previous period amounting to Rp 449.48 billion.

Director of Ratu Prabu Energy, Gemilang Zaharin explained from the increase in net income of Rp 112.37 billion in 2013, the majority of revenue is contributed from the oil and gas business.

“This year, the oil and gas sector is projected to be the main revenue contributor ARTI is about Rp 478.58 billion, up 25% than in 2012. Meanwhile, income property sector is expected to contribute Rp 75.8 billion,” Bright said after the AGM at the Queen King Ratu Prabu Energy in Building I, Jalan TB Simatupang, South Jakarta, Wednesday (24/04/2013).

Coded ARTI will also go into the oil and gas services business in Myanmar and Brunei Darussalam. In property, ARTI ready to develop the concept of apartments, hotels and offices in around TB Simatupang, South Jakarta.

In 2012, ARTI earn net income of Rp 449.48 billion, up from the previous period which amounted to Rp 309.74 billion. While net income, a significant increase from Rp 11.76 billion in 2011 to Rp 51.85 billion last year.

Sinar Mas Profit Drops 39.8 Percent

jaysonhyd   July 13, 2016  
5-Teknologi

Net income PT. Sinar Mas Agro Resources and Technology Tbk. (SMART) tumbled 39.8 percent during the first half of this year, or Rp 795.42 billion from Rp 1.11 trillion.

Based on the company’s disclosure to the Indonesia Stock Exchange, Thursday, August 1, 2013, which can diatrirbusikan profit to equity holders of the parent decreased due to the company’s net sales were eroded to Rp 11.18 trillion. That figure is down 21.49 percent compared to the same period of the previous year of Rp 13.58 trillion.

While the cost of goods sold and agribusiness plantation companies had dropped to Rp 9.3 trillion from Rp 10.33 trillion. Operating expenses also dropped from Rp 1.62 trillion to Rp 881.12 billion. Thus, the company’s operating profit reached Rp 996.97 billion.

Earnings per share also fell by 110 points to Rp 277 per share from Rp 387 per share. SMART currently has total assets worth a total of Rp 15.04 trillion, with the composition of current assets amounting to Rp 5.24 trillion and non-current assets of Rp 9.8 trillion.

Weakening performance was also felt by the palm oil company PT Astra Agro Lestari Tbk. (Aali). Aali recorded a decline in profit for the period during the first half of 2013 to Rp 745.64 billion from Rp 996.36 billion in the first half of 2012.

Of the company’s financial llaporan be published in the Indonesia Stock Exchange, July 29, 2013, Aali net income is lower than the second half of last year’s Rp 5.64 trillion to Rp 5.49 trillion. The company’s revenue eroded by the increased cost of revenue increased to Rp 4.03 trillion from Rp 3.84 trillion. This makes the company’s gross profit fell to Rp 1.45 trillion.

Western Digital Gets USD 3.8 Billion

jaysonhyd   July 13, 2016  
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Western Digital (WD) reported financial results for the second fiscal quarter ended March 29, 2013. For income, WD earned $ 3.8 billion, up from winning the USD 3 billion in the same quarter last year.

But for the profit side, the digital storage media maker earned less than satisfactory results. WD’s net profit stood at USD 391 million, down from last year which exceeded USD 483 million.

As for shipping the hard drive as much as 60.2 million units for the third fiscal quarter ended March 29, 2013. While in the year-ago quarter, sending 44.2 million WD hard drive.

Non-GAAP net income in the year-ago quarter amounted to USD 619 million or USD 2.52 per share.

WD generating $ 727 million in cash from operations during the March quarter, bringing the total cash and cash equivalents are held at USD 4.1 billion.

During this quarter, WD uses USD 243 million to buy back 5.2 million shares of common stock. On February 14, WD announced common stock dividend of $ 0.25 which was paid on April 15.

“Strong execution by our HGST and WD subsidiaries encourage outstanding results in the March quarter as we continue to capitalize on the secular growth of digital data,” said Steve Milligan, president and chief executive officer of WD.

“Demand for the industry as a whole is in line with our expectations. In our business, we saw strength in corporate, stable performance in client and consumer electronics, and some seasonal softness is already anticipated in the branded product,” he said, in a written statement on Wednesday (08.05.2013).

Suzuki Production ‘Wagon R’ In Indonesia

jaysonhyd   July 11, 2016  
5-Teknologi

Suzuki confirmed that it will produce fuel efficient car in Indonesia. The car will take the base of the Wagon R with a capacity of 660 cc.

Similarly, Suzuki spokesman Ei Mochizuki told Reuters.

Suzuki’s strategy to participate in the program Low Cost and Green Car (LCGC) or a cheap and environmentally friendly cars.

One of the biggest Japanese manufacturers saw LCGC is an opportunity for them to export technology microcar.

To build a ‘Wagon R’ Suzuki to invest 60 billion yen. One of them is by building a new plant that is believed to be in the Cikarang area. Previously seen Suzuki Wagon R car test center of the latest models in the streets of Jakarta.

Suzuki’s second plant located in Greenland International Industrial Center (GIIC), Cikarang, West Java will be 5 times bigger than the Suzuki factory in Tambun.

Previously Managing Director of Sales Indomobil Suzuki Seiji Itayama said this factory occupies an area of ​​120 hectares.

Home Based Industry Jeans, timeless Crisis

jaysonhyd   July 11, 2016  
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Jakarta – Juki (29) issued dozens of cardboard jeans. With deft, one by one pants tires put on the sleeve completed in the wind. Jeans also expands and hand Juki greeted with giving red dye.

“It’s to let the jeans accessories colorful. Wage of Rp 500/celana I can,” said one of the Juki in jeans dye workshop in South Sukabumi, West Jakarta, Thursday (11/12/2008).

After manually colored with a brush, the pants washed through several stages. Afterward, the jeans are dried and ready to be sold over packed into cardboard.

“Not bad. Nope never drag orders. Always alone,” added Juki when alluded to the impact of economic crisis on demand process.

However, the order was decreased significantly after the crisis. Whereas in the past can bring home Rp 200.000/hari/orang, now only half. That is because the wage per piece pants 700/celana derived from Rp to Rp 500/celana.

“The important thing is not to be laid off. Fixed work,” said Juki.

In South Sukabumi district, there are at least 48 similar businesses. Kind of like a home-based business industry is often immune to the global economic crisis hit. Therefore, capital is not used sebombastis yag big industry.

“We were there just ngandelin money. So do not rely at other parties,” said Chairman of the Association of South Sukabumi Laundry, Rozali.

Kiris time ten years ago, many large-scale garment industries out of business. But not so with the cottage industry in the region. The key, in addition to its own capital, the market share of roadside pants up in malls and other modern market.

“Must be creative. If you do not so we had dispersed from the first-first,” said Rozali.

Production of 834,000 Barrels of Oil per Day Maximum

jaysonhyd   July 10, 2016  
gatebox_technology

Head of Special Unit the Upstream Oil and Gas (Migas SKK) Rudi Rubiandini estimates, production of crude oil and condensate in 2013, up 834,000 barrels per day.
“At present, production is 831,700 barrels per day and by the end of the 834 000 barrels,” he said in Jakarta on Tuesday.
According to him, the production level is still lower than the budget target set at 840,000 barrels per day.
“But, to be 99.3 per cent achievement was good,” he said.
In the last 1.5 months, production is declining mainly due to a number of field maintenance cut gas condensate production.
However, he added, in the second half of 2013, the SKK optimistic that production could increase to 840,000 barrels per day.
Although, in the second half of 2013, the production of the Offshore North West Java (ONWJ) down due to bridge work (plattform).
However, in the second half as well, there is the addition of Block West Madura Offshore (WMO) which started production three wells.
In contrast to oil, Rudi optimistic “lifting” gas will exceed the budget target.
According to him, until the first half of 2013 production was still 6,998 BBTUD or lower than the budget target BBTUD 7175.
“However, we are optimistic until the end of 2013 will exceed the budget target,” he said.
Head of the Division of Oil and Gas Utilization Gas SKK Popi Nafis Ahmad added that the present downturn is “lifting” gas is mainly because there is a maintenance schedule Tangguh, Papua, and Bontang, East Kalimantan, and damage to electrical transformer in Cilegon, Banten.
“However, going forward, there is a field that will increase its production,” he said.
Which are expected to come from South Mahakam field managed by Total E & P Indonesia with a production rate of 115 MMSCFD, Musi East of PT Pertamina EP 20 MMSCFD, Epic Sengkang 12 MMSCFD, and Ruby from Pearl Oil Sebuku 6.7 MMSCFD.