Companies

Companies

Thriving in Tough Times

PT Industri Jamu dan Farmasi Sido Muncul (SIDO) managed to remain profitable and even grow despite the industry’s difficult conditions.
MP
Marella Putri 4 days ago . 8 min read
Companies
Best of the Best: Siantar Top
In 2019, Siantar Top saw its net income soar 89% to Rp 482.6 billion. The company was also able to book an 11.75% growth in net income during the first semester of 2020, and is confident to achieve 10% of growth this year despite the pandemic.
MP
Marella Putri 3 weeks ago . 5 min read
Companies
Best of the Best: Sarana Menara Nusantara
While many sectors are severely affected by the pandemic, Sarana Menara Nusantara booked its most significant quarterly revenue growth in recent years. In the time of physical distancing measure, the telecommunications sector still has a strong demand.
EV
Elisa Valenta 3 weeks ago . 5 min read
Companies

AKR Corporindo Maintained Growth Momentum in H1-2020

The falling of crude oil price and the COVID-19 pandemic didn’t have much impact on PT AKR Corporindo which booked a 10.44% YoY increase in net profit.
MP
Marella Putri 1 month ago . 1 min read
Companies
The Business Connector
GudangAda aims to bridge the technology gap across Indonesia's FMCG supply chain by digitizing transactions between traders.
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Robert Yota 1 month ago . 5 min read
Companies
Traveloka Raised $250 Million to Rise Stronger Post-COVID-19
The capital will strengthen Traveloka’s balance sheet and boost efforts to deepen Traveloka’s offerings in select priority areas, including building a more robust and integrated travel & lifestyle portfolio in key markets.
MP
Marella Putri 1 month ago . 2 min read
Companies
Molding Momentum
Glove molding producer Mark Dynamics has capitalized from the surging demand for medical gloves.
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Robert Yota 1 month ago . 4 min read
Companies
Global Bond Issuance Boost Mandiri Sekuritas' Growth
Covid-19 pandemic pushes demand for global bond issuance as companies and governments rush to issue debt to ease the pandemic's effects. 
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Elisa Valenta 1 month ago . 1 min read
Companies
Indogen Capital and Striders Corporation Announced Partnership
The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.
MP
Marella Putri 1 month ago . 2 min read
Companies
Following Strong Results in June, Indocement Expects To Regain Momentum
Publicly listed cement producer PT Indocement Tunggal Prakarsa (INTP) has managed to record strong sales figures in June after initially experiencing negative growths throughout 2Q-2020,
RY
Robert Yota 1 month ago . 2 min read
Companies
Alibaba Cloud, Medico.id, and doctorSHARE Collaborate to Provide Accessible Healthcare Information
The three companies aim to provide rural residents in Indonesia with access to healthcare information especially related to the COVID-19 pandemic, for free to patients visiting doctorSHARE's Nusa Waluya II Floating Hospital.
MP
Marella Putri 2 months ago . 1 min read
Companies
TLKM Booked 3.8% Quarterly Sales Growth Driven By Higher Data Traffic
Since the COVID-19 outbreak started, people stayed home as part of broader shutdowns to protect people from the novel coronavirus.
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Robert Yota 2 months ago . 2 min read
Companies
LPKR Booked 8.5% Sales Growth Yet Suffered Massive Currency Loss
Publicly listed integrated property company PT Lippo Karawaci (LPKR) booked revenue growth in 1Q-2020, mainly driven by sales growth in the company’s property and healthcare segments.
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Robert Yota 2 months ago . 1 min read
Companies
Pertamina’s Insurance Subsidiary Recorded 145% Net Profit Growth
Last year Tugu Insurance has generated Rp 6.4 trillion in revenue, up from Rp 5.1 trillion in 2018.
EV
Elisa Valenta 2 months ago . 1 min read
Companies
Garudafood Enjoys Double-digit Earnings Growth in 1Q-2020
Publicly-listed food producer PT Garudafood Putra Putri Jaya (GOOD) has booked positive earnings in 1Q-2020 driven by effective cost-cutting and efficiency measures.
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Robert Yota 2 months ago . 1 min read
Companies
East Ventures Announced First Close of Latest Seed Fund
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
MP
Marella Putri 2 months ago . 2 min read
Companies
BRI Ventures Launched New Venture Fund Sembrani Nusantara
It is aiming at Rp 300 billion first close, focusing on backing local tech startups in education, agro-maritime, retail, transportation, and healthcare sectors.
MP
Marella Putri 2 months ago . 2 min read
Companies
Inalum to Buy PT Vale Indonesia
The transaction, expected to close by the end of this year, is in line with Indonesia's moves to gain greater control of local mining operations.
MP
Marella Putri 2 months ago . 1 min read
Companies
Expanding Coverage
State-owned pharmaceutical Indofarma is expanding its business to medical equipment to batle the pandemic.
EV
Elisa Valenta 3 months ago . 2 min read
Companies
Gojek Xcelerate's Fourth Batch Announced 11 Startups
The fourth batch of Gojek Xcelerate focuses on startups providing Direct-to-Consumer business model.
MP
Marella Putri 3 months ago . 1 min read
Companies
MMP Teams Up for Indonesia-focused Logistics Property Venture
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
MP
Marella Putri 3 months ago . 1 min read
Companies
TPMA Posted 28% Revenue Growth In 1Q-2020 Propelled By Tug & Barge Services
Transhipment company PT Trans Power Marine (TPMA) booked double-digit revenue growth in the first quarter of 2020, mainly driven by its tug & barge fleet.
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Robert Yota 3 months ago . 1 min read
Companies
South Korean Bank to Seize Control in Bank Bukopin
KB Kookmin Bank is currently awaiting approval from banking regulations in Jakarta and Seoul for proceeding with the acquisition.
EV
Elisa Valenta 3 months ago . 1 min read
Companies
WEGE Booked 5.3% Net Profit Growth in 1Q-2020 Driven by Cost Efficiencies
Publicly-listed construction company PT Wijaya Karya Bangunan Gedung (WEGE) booked earnings growth in the first quarter of 2020, mainly due to higher cost efficiencies.
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Robert Yota 3 months ago . 1 min read
Companies
BCA Bought Rabobank for $20.5 Million
The acquisition is aiming to support the development of BCA’s multi finance subsidiary, BCA Finance.
EV
Elisa Valenta 3 months ago . 1 min read
Companies
Strong Will
Friderica Widyasari leads Danareksa Sekuritas to persevere amidst this year's market turbulence and economic downturn.
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Robert Yota 3 months ago . 8 min read
Companies
Buyung Poetra Sembada Earned Rp 450.42 Billion Net Sales in 1Q-2020
HOKI enjoyed 13% revenue growth, albeit suffering lower earnings due to higher costs.
MP
Marella Putri 3 months ago . 1 min read
Companies
Fashionable Measures
For years publicly listed textile manufacturer Sritex is famous for producing military uniforms for the Indonesia Military (TNI) and several countries. Now, the company is racing to meet the demands of face masks and PPE during outbreak.
EV
Elisa Valenta 3 months ago . 7 min read
Companies
Bank Mandiri Posted Rp 7.92 Trillion Net Profit in 1Q-2020
The net profit grew by 9.44% compared to the same period last year, which was Rp 7.23 trillion.
MP
Marella Putri 3 months ago . 2 min read
Companies
Kejora Capital and SBI Holdings Launched $30 Million Orbit Fund
The joint-venture fund will focus on early-stage technology companies in Indonesia
MP
Marella Putri 3 months ago . 2 min read
Companies
Mark Dynamics Booked 9.94% Sales Growth in 1Q-2020, Aims to Capitalize on Subsiding Lockdown
MARK's positive performance in the first quarter of 2020 was mainly driven by a demand boost in medical latex gloves amid the ongoing COVID-19 pandemic.
MP
Marella Putri 3 months ago . 2 min read
Companies
BRMS posted high double-digit earnings in 1Q-2020
The company recorded a net profit of $165,057, up 90% (YoY) from $86,650 last year.
MP
Marella Putri 3 months ago . 2 min read
Companies
Property and construction drove SSIA's 7% revenue increase in 1Q-2020
SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MP
Marella Putri 3 months ago . 2 min read
Companies
Energi Mega Persada's net sales grew 51% in 1Q-2020
ENRG was able to score $79.66 million in its net sales thanks to higher gas production from its Bentu PSC blocks in Riau
MP
Marella Putri 3 months ago . 1 min read
Companies
Indonesia's Biggest Banks remain Strong in Q1 2020
Coronavirus pandemic gave a tough year for the banking industry, but seven biggest lenders in Indonesia still managed to post a positive result.
MP
Marella Putri 3 months ago . 1 min read
Companies
TBLA booked Rp 2.76 trillion net sales in 1Q-2020
The 27.3% YoY increase was mainly driven by palm oil and its derivative products. Earnings growth over the next 12 months however will be tempered by slowing economic growth due to COVID-19 outbreak.
MP
Marella Putri 3 months ago . 2 min read
Companies
Telkom Indonesia's 2019 revenue surpassed Rp 135 trillion
Cellular data (Telkomsel), internet (IndiHome), and IT services were the largest contributors to the company’s 2019 revenues
MP
Marella Putri 3 months ago . 2 min read
Companies
BCA booked Rp 6.6 trillion net profit in 1Q-2020
The surge of 8.6% YoY was attributed to loan and operational income growths.
MP
Marella Putri 3 months ago . 1 min read
Companies
Decline in crude oil prices leads to opportunities for BULL
The recent decline in crude oil prices has opened new opportunities for publicly listed shipping company PT Buana Lintas Lautan (BULL) as oil companies seek alternatives to store their storage while keeping them in the refinery
MP
Marella Putri 3 months ago . 2 min read
Companies
Sekar Laut records positive performance in 2020 1Q amid COVID-19
The growth is mainly driven by the sales of SKLT’s Finna seafood crackers, despite the economic turbulence that started months ago
MP
Marella Putri 3 months ago . 1 min read
Companies
Pertamina signed MoU on RDMP project with South Korean consortium
The $1.5 billion project in Dumai will be jointly undertaken with state-owned firm PT Nindya Karya, while DH Global Holdings Co. Ltd represented the Korean consortium
MP
Marella Putri 3 months ago . 1 min read
Companies
Maybank Indonesia grew promising net profit in 1Q-2020
The growth was backed by fee-based income improvement as well as sustained strategic cost management
MP
Marella Putri 3 months ago . 2 min read
Companies
ICBP recorded Rp 12 trillion net sales in 1Q-2020
Its instant noodles are the highest contributor , claiming 66.11% of total net sales.
MP
Marella Putri 3 months ago . 1 min read
Companies
BTPN recorded double-digit net profit growth in 1Q-2020
The bank plans to be more cautious in disbursing its loans in order to maintain the positive performance amid uncertainties of global economic condition
MP
Marella Putri 3 months ago . 1 min read
Companies
ACES continues expansion amid pandemic, intensifies online sales
Analyst estimates that ACES’ sales and gross profit margin for the remainder of 2020 to decline due to lower demand for home improvement products during the pandemic
MP
Marella Putri 3 months ago . 1 min read
Companies
Cellphone and tablet sales at ERAA remained strong in 1Q
ERAA plans to open 300 more stores by the end of the year, mainly in satellite cities to add its existing 1,100 outlets
MP
Marella Putri 4 months ago . 1 min read
Companies
Set in Motion
CGV Cinemas aims to become a whole entertainment platform beyond screening movies
MP
Marella Putri 4 months ago . 6 min read
Companies
Chandra Asri secured $70 million loans from Permata Bank
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
MP
Marella Putri 4 months ago . 1 min read
Companies
Citibank's net profit jumped by 20.43% YoY despite market turmoil
The increase was driven by loan disbursement and non-interest income growths from derivative forex transactions
MP
Marella Putri 4 months ago . 1 min read
Companies
Bakrie Group and Air Products to build methanol production facility
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
MP
Marella Putri 4 months ago . 1 min read
Companies
Poultry and aqua feed drove JPFA's 1Q growth
Subsequent quarters however pose challenges to JPFA as demand in poultry has been declining since COVID-19 pandemic hit
MP
Marella Putri 4 months ago . 1 min read
Companies
Semen Indonesia Group maintained growth in 1Q
Next to increasing exports, the improvements were mainly driven by the synergy and efficiency initiatives SMGR has undertaken since 2018.
MP
Marella Putri 4 months ago . 2 min read
Companies
Bank Rakyat Indonesia posted flat earnings in 1Q
Affected by COVID-19 pandemic, the bank saw its net profit dropped and NPL rose from a year earlier
MP
Marella Putri 4 months ago . 1 min read
Companies
PT Mayora Indah's Q1 had robust earnings growth but shrinking top line
The company’s sales declined due to the weakening export market
MP
Marella Putri 4 months ago . 1 min read
Companies
Government Gives Liquidity Injection to the Banking Sector
The regulation aims to help lenders cope with the financial impacts of the COVID-19 outbreak.
MP
Marella Putri 4 months ago . 1 min read
Companies
Mitra Keluarga enjoyed growths in 1Q, seeks to capitalize on COVID-19 treatments
The rise in revenue is mainly attributed to the new demand for COVID-19 treatment
MP
Marella Putri 4 months ago . 1 min read
Companies
Acquired Demi Istri Production, IDN Media launched IDN Pictures
It acquired Demi Istri Production, an independent film company, having several films in the pipeline to be released soon.
MP
Marella Putri 4 months ago . 2 min read
Companies
Inalum raised $2.5 billion from global bonds
The proceed will be used to refinance Inalum’s maturing $1 billion in debt and to fund projects
MP
Marella Putri 4 months ago . 1 min read
Companies
Strong Growth for Metrodata Electronics
During the coronavirus pandemic, strong growth in the electronics market was witnessed globally, as billions of people working and studying
EC
Ester Christine Natalia 4 months ago . 1 min read
Companies
Textile giants stay solid amid the pandemic
Indonesia textile giants are still posting a solid performance in the first quarter, amid the economic slowdown caused by the
EC
Ester Christine Natalia 4 months ago . 2 min read
Companies
HEAL maintained stable occupancy rate amid COVID-19 pandemic
Despite declining visitors for non-critical treatments, PT Medikaloka Hermina has been able to maintain the occupancy rate mainly due to the company’s decision to become one of the private hospitals that accept coronavirus patients
MP
Marella Putri 4 months ago . 2 min read
Companies
MNCN sets to capitalize on COVID-19 social distancing
By Robert YotaThe integrated media company, PT Media Nusantara Citra (MNCN) recorded revenue growth at the end of this year’s
EC
Ester Christine Natalia 4 months ago . 3 min read
Companies
XL Axiata booked a formidable financial performance
By Ulisari EslitaMobile telecommunication services company, PT XL Axiata (EXCL) reported a formidable financial result during the first quarter of
EC
Ester Christine Natalia 4 months ago . 1 min read
Companies
Fresh Bargain
Super Indo supermarket is growing its business during the pandemic.
EC
Ester Christine Natalia 4 months ago . 4 min read
Companies
Kopi Kenangan Raised $109 million of Series B
By Ulisari EslitaCountry’s grab-and-go coffee chain Kopi Kenangan has announced, it has raised $109 million in a Series B funding
EC
Ester Christine Natalia 4 months ago . 1 min read
Companies
BNI to raise $2 billion from Euro MTN
The securities issuance aims to keep the bank steady amid macroeconomic headwinds due to the COVID-19
MP
Marella Putri 4 months ago . 1 min read
Companies
INCO's matte nickel output rose in Q1
The performance, however, was lower than Q4-2019, and the industry is facing slower global demand due to COVID-19
MP
Marella Putri 4 months ago . 1 min read
Companies
Bank CIMB Niaga reported an 11.8% jump on net profit in Q1-2020
The accomplishment was mainly driven by non-interest income growth and operating expenses reduction.
MP
Marella Putri 4 months ago . 1 min read
Companies
Bank Mandiri and Hutama Karya raised funds from global bonds issuance
Bank Mandiri offered $500 million global bonds, while Hutama Karya launched its first-ever global bond of $600 million earlier
MP
Marella Putri 4 months ago . 1 min read
Companies
COVID-19 Pandemic, Bukit Asam Still Have a Chance for Positive Outlook
Publicly listed state coal miner PT Bukit Asam (PTBA) may suffer from the blow caused by COVID-19 pandemic. However, analysts
EC
Ester Christine Natalia 4 months ago . 1 min read
Companies
Kalbe Farma Bags Rp 5.8 T of Net Sales in Q1-2020
Publicly listed pharmaceutical company PT Kalbe Farma (KLBF) bagged Rp 5.8 trillion of net sales during the first quarter of
EC
Ester Christine Natalia 4 months ago . 1 min read