All posts by: scciadmin

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Monday, 25 May 2015 PP Property to acquire a hotel and a mall. PP Property (PPRO) plans to acquire a hotel and a mall in Balikpapan, East Kalimantan. The company is preparing Rp415b with Rp180b to acquire a hotel and Rp245b for a mall acquisition. The funds will come from IPO proceeds and loans. Corporate […]

Monday, 30 March 2015 Alam Sutera 2014 net profit of Rp1.1t, +25% below expectation. Alam Sutera Realty (ASRI) reported 2014 net profit of Rp1.1t, after selling more land plots (with huge margins) than residential projects in Serpong. Total revenue fell 1.4% yoy, mainly due to change in sales mix. Gross and operating margins improved to […]

Monday, 23 March 2015 Adhi Karya IPO property subsidiary in 2016. Adhi Karya (ADHI) plans to merge two of its property subsidiaries – Adhi Persada Realti (APR) and Adhi Persada Properti (APP) – in preparation for ADHI’s IPO plan of its property business. APR engages in the development of high-rise buildings while APP engages in […]

Mr Lee Kuan Yew passed away peacefully at the Singapore General Hospital today at 03:18am. He was 91. The Condolence book at the Singapore Embassy in Jakarta will be open to the Public from 2:00pm – 4:00pm on 23 March 2015, and from 9:00am – 4:00 pm from 24 – 27 March 2015. Also available […]

Monday, 16 March 2015 Rukun Raharja bank loan of US$70m. Rukun Raharja (RAJA) has obtained a loan of US$70m from HSBC with a maturity period of five years. The company will use the funds to pay off its debt and to finance its capex. The company has allocated capex of US$40m in 2015 to develop […]

Monday, 16 February 2015 Pembangunan Perumahan to clinch 65% Govt contracts. Pembangunan Perumahan (PTPP) is targeting to clinch around Rp27.5t worth of new contracts in total for 2015. Out of that, 65% are expected to come from government and SOE projects, while private projects are expected to make up around 35%. With carry-over contracts worth […]

Monday, 9 February 2015 Bank BTN seeks loan from World Bank. Bank Tabungan Negara (BBTN) is seeking loans from the World Bank to finance its expansion. In 2015, the company plans to distribute housing credit of Rp125t and targets non-performing loans of 3.35%, down from 4% in 2014. (Source: Investor Daily) Jasa Marga: To raise […]

Monday, 2 February 2015 Jasa Marga to acquire Solo-Kertosono toll road. Jasa Marga (JSMR) is ready to acquire the 90.1km SoloNgawi and 87km Ngawi-Kertosono toll road projects as the current concession holder PT. Thiess Contractors Indonesia (TCI) has run into funding difficulties. The land acquisition of this project has been 80% completed and TCI is […]