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Pawnshops profit vanish 20%

  • Posted on March 15, 2018 at 9:42 am

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.

Profit Dropped 82 Percent BNBR

  • Posted on March 14, 2018 at 9:37 am

PT Bakrie & Brothers Tbk (Bakrie), the parent company of the Bakrie business group, posted revenue of Rp 1.95 trillion in the first semester of 2013, plunged 82 percent over the same period in 2012 amounting to Rp 11.39 trillion.
Bobby Gafur Umar, President & CEO BNBR, explains, during the first six months ni BNBR successful management significantly suppress interest expense and financial expense by decreasing the portion of the debt.
Thus, interest expense and finance
The company fell by 78 percent from Rp 775.79 billion in the first half of 2012 to Rp 172.78 billion at the end of the first half of 2013, “Bobby said in a written statement on Wednesday (31/07/2013).
“It is down when compared to the first half of 2012 revenue gains. This is due to the deconsolidation of our subsidiaries, namely Bakrie Petroleum International Pte. Ltd.. and its subsidiaries, It also had an impact on net profit of the company, “he said.
Based on the company’s financial statements as of June 30, 2013, net income BNBR first half of 2013 reached Rp 8.36 billion, down 96 percent compared to the same period in 2012 amounted to Rp 214.35 billion.
In the report a year ago, perserian still include financial records Bakrie Petroleum International Pte. Ltd.. and Subsidiaries.
While the Company’s profit attributable to the parent entity, in the same period also fell from Rp 61.23 billion to Rp 4.86 billion.
The Company recorded a debt position until the first semester of 2013 BNBR remaining Rp 172.78 billion from Rp 603 billion.

Analyst: Foreign Funds Back in Second Half

  • Posted on March 1, 2018 at 12:07 pm

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

Transaction value of USD 4.3 Billion During Sharp Festival 2013

  • Posted on February 24, 2018 at 8:42 am

Spectacular! The right word to describe the implementation of Manado Sharp Matsuri 2013 from the date of July 13, 2013 in Park area of ‚Äč‚ÄčNational Unity (TKB) Manado. It’s a new week-long festival ended on Saturday (20/7) evening with a total transaction value of USD 4.3 billion more
Although the weather is less friendly colored, yet lively closing ceremony yesterday. Also attending the Senior General Manager of Sales and Marketing of PT Sharp Electronics Indonesia from Japan, Shinji Teraoka, Economic and Urban Development Assistant Manado, Drs. Rum Usulu, Branch Manager Justin Sharp Martando Manado, Manado Tribune Editor in Chief Raharjo Edberg and supporters of this event.
Sharp leader Shinji Teraoka seemed to enjoy the whole series of events ranging from the Sharp vehicle parade, parade and appearance Dancer MND 48 which straddle the song rebound River Dance Cover of J-POP AKB48. Shinji did not forget to immortalize all the moments with his cell phone camera.
This week-long festival recorded transaction value of hundreds of billions of dollars through Sharp products that consumers buy in Manado and the surrounding areas. “Sales transactions that our target is reached. Till Closing ceremony is recorded Rp 4.3 billion. Value could be more than Rp 4.3 billion because the transaction has not been recapitulated elektronic entirely of dozens of stores that sell Sharp products,” said Ajit, sales marketing Manado Sharp .
According to him, the implementation of the Sharp Matsuri Manado in 2013 to increase branding and sales of Sharp products in Manado. “During the execution of most interest is the LCD TV products as very different from other LCD. Original panels from Japan and provide a 3 year warranty. Besides there are also LCD TVs fridges, washing machines and air conditioners,” he said. While Justin Martanto said, “This event is to introduce Japanese culture to the community, increase sales, increase our brand.”
Festival closing ceremony procession started from Gate Sharp surround a number of areas in the city of Manado and finish in Center Point Matsuri. Arriving in Center Point Matsuri Odori dance is greeted with the dancer ends with the appearance of J-POP community. On this occasion also held raffle door prizes and awards to the winners of the speech contest antarkepala environment as the city of Manado.
Marini Datau wife of Yus Gustiana who won a door prize of one unit 32 inch LCD TV is happy. “Thank God could be,” said Marini. Keitkutsertaan husband and wife in the lottery after purchasing Sharp products in the form of an air conditioning unit. “I still had hoped to be a washing machine,” he said.

Suzuki Sales 3.8 Times National Market Growth

  • Posted on February 19, 2018 at 11:14 am

Suzuki’s total sales in the first six months of this year has increased 40 percent when compared to the first six months of last year. Endro Nugroho, Director of Marketing 4W Suzuki Indomobil Sales, said that the growth in wholesale sales or from factory to dealer.
However, the car market in Indonesia in the first six months of this year compared to the first six months of last year recorded only a 12 per cent. Thus, in percentage, Suzuki sales figures many times of what is recorded in the market.
“The car market in Indonesia in the first six months of this year compared to the first six months of last year it only grew by 12 percent. So, this Suzuki grow about 3.8 times that of the growth of the market,” said Endro.
Sales of Suzuki four-wheel for total sales in the period June 2013 as many as 15 578 units (wholesale) and 13 778 units for retail sales or from the dealer to the consumer.
Through this figure, sales of Suzuki four-wheel drive to be the highest in semester-I in the year 2013 or for the period of January-June 2013. The total sales of Suzuki four-wheel-first semester 2013 was 75,425 units.
Of that total, Suzuki Ertiga MPV is ranked top in the biggest contribution Suzuki vehicle sales. For June, sales of 6,555 units or 42.1 percent of total sales in the month.
The second rank is occupied by Suzuki Carry Futura 1.5 for modelkomersial or commercial and passenger models. Sales figure of 4,664 units or 29.9 percent of total sales.
The next position is filled by Suzuki APV for passenger cars and commercial models (Mega Carry) with the number 3,241 units or 18.6 percent of the total.

Projected industry growth of 6.5 percent

  • Posted on February 9, 2018 at 8:43 am

National industry growth is projected to end the year at 6.5 percent, in line with national economic growth sought to remain above six per cent.

“I am optimistic the industry growth of 6.5 per cent until the end of the year,” Industry Minister MS Hidayat said after giving the poor kapada Eid gifts and employee groups I and II in the Ministry of Industry, said here on Thursday.

He asserted that the target can only be achieved if other ministries involved escorting a number of investment plans in the industry in order teralisasi this year.

Ministry of Industry, he added, still rely on labor-intensive industries, such as textiles and footwear, as well as other technology-intensive industries and are able to give effect to the creation of the industry chain and new business growth as a draft.

“Labor-intensive industries absolutely must be maintained and are allowed to survive,” said Hidayat. It was judged too important to keep going no huge unemployment in the country.

Hidayat believes processing industry, including the furniture industry, still has a growing trend, compared to primary raw materials-based industries whose prices are falling. Moreover, he said, consumption in the domestic sector is still a mainstay of the national economy, in addition to investment and exports.

“The government agreed to seek national economic growth of not less than six percent,” said Hidayat, who had previously participated in a meeting with the Governor of Bank Indonesia five economic ministers to discuss the current macroeconomic situation.

To keep the national economic growth remained above six per cent, he said, among other things to keep the unemployment rate did not increase, so labor-intensive industries play an important role.

CIMB Niaga Net Income Reaches Rp 1 Trillion, Grow 12%

  • Posted on February 1, 2018 at 9:44 am

PT Bank CIMB Niaga Tbk recorded a consolidated net profit (unaudited) of Rp 1.05 trillion as of March 31, 2013, an increase of 12% compared to the net income in the same period in 2012 amounting to Rp 937 billion.

This results in a net profit growth of earnings per share (EPS) amounted to USD 41.94, greater than the figure in the same period last year of Rp 37.26.

CIMB Niaga’s net profit increase was contributed by the increase in operating income and a decrease in provision expense, along with the total credit growth and asset quality improved.

In the first quarter of 2013, managed to keep its position as the fifth largest bank, with total assets of Rp 217.46 trillion as of March 31, 2013, grew 26% compared to the first quarter of 2012 amounted to Rp172, 68 trillion.

As of March 31, 2013, CIMB Niaga has distributed a total gross loans amounted to Rp 147.06 trillion, up 13% from the same period in 2012 amounted to Rp 129.83 trillion.

Along CIMB Niaga step in mobilizing public funds, total deposits (deposits) grew by 26% to Rp 167.32 trillion, compared to the prior year period which amounted to Rp 133.23 trillion, which is supported by the growth of CASA (Current Account Savings Account) by 31% to Rp 77.73 trillion.

In terms of credit quality, the ratio of non-performing loans (non-performing loans) CIMB Niaga’s gross per March 31, 2013 stood at 2.41%, a decrease of 28 basis points compared to the first quarter of 2012 amounted to 2.69%.

President Director of CIMB Niaga, Arwin Rasyid said of CIMB Niaga’s total loan portfolio in the first quarter of 2013, the Commercial Banking contributed the largest value of Rp 59.60 trillion (40%), followed by Consumer Banking amounted to Rp 45.09 trillion (31%), and Corporate Banking at Rp 42.37 trillion (29%).

“Personal Loan and Micro business rate became the highest growth, respectively 75% and 56%. As of March 31, 2013, Personal Loan managed loan portfolio to Rp 1.07 trillion, and a big four bank Personal Loan largest dealer Indonesia, “Arwin said in a press release on Monday (29/04/2013).

While, micro-lending rate has amounted to Rp 2.29 trillion as of March 31, 2013, grew 56% over the same period last year. Micro business growth rate is in line with Bank Indonesia regulations that require banks to continue to increase the share of SME loans (SMEs) by 20% of the total loan portfolio in stages until 2018.

Sharia (UUSs) CIMB Niaga also recorded good growth. As of March 31, 2013, UUS CIMB Niaga has disbursed Rp 8 trillion, an increase of 135% yoy. Rahn also recorded growth businesses (mortgage) which surged 114% to Rp124 billion compared to the same period in 2012.

UMP Rise, Profit Astra Thinning 9% So Rp8.8 Trillion

  • Posted on January 27, 2018 at 11:53 am

PT Astra International Tbk (ASII) earned a net profit of Rp 8.8 trillion in the first half of 2013, the figure fell 9.2% from the previous year’s profit in the same period amounted to Rp 9.7 trillion.

Astra also slowed turnover, from Rp 95.9 trillion in the first six months of 2012 to Rp 94.3 trillion this year. Earnings per share also decreased by 9% to Rp 218 per share.

“Although the outlook remains positive domestic demand, increased competition in the automobile market, the rise in labor costs (Provincial Minimum Wage / UMP) and the decline in commodity prices expected to affect the performance of the business in the second half of this year,” said President Director of Astra International Prijono Sugiarto in press release the company, on Tuesday (30/7/20130.

Astra Group activities focus on six core business lines, namely Automotive Division, Financial Services, Heavy Equipment and Mining, Agribusiness, Infrastructure and Logistics, and Information Technology with the following details: Automotive Division Automotive Division’s net profit fell by 10% to Rp 4, 4 trillion, consisting of Rp 1.9 trillion from the Company and its subsidiaries, as well as Rp 2.5 trillion from associates and jointly controlled entities in the automotive field.

Throughout the first half of 2013, demand for motor vehicles remains high, supported by rising incomes and loan interest rates are still affordable. However, increased competition due to increased domestic production capacity and the high cost of labor has led to decrease in net income contribution from the automotive segment.

Regulatory minimum down payment on auto financing imposed sharia financing for companies since January 1, 2013 and the bank on 1 April 2013, had little impact on the first half performance of the Company. Meanwhile, it is still too early to estimate the impact of rising fuel prices that occurred in late June, the automotive sales.

Total national car sales rose 12% to 602,000 units. Astra’s car sales (Toyota, Daihatsu, Isuzu, UD Trucks and Peugeot) increased 6% to 321,000 units, with a market share decreased from 56% to 53%.

In the first half of Astra launch six new models and eight facelift models. Meanwhile, national motorcycle sales rose 6% to 3.9 million units. Honda motorcycle sales output of PT Astra Honda Motor (AHM) rose 12% to 2.4 million units, with an increase in market share from 57% to 60%. In the first half of 2013, PT Astra Honda Motor launched two new models and five facelift models.

PT Astra Otoparts Tbk (AOP), a company in the field of automotive components, which is 80% owned by the Company, recorded a net profit of Rp 519 billion, down 2%, where 71% is the contribution from associates and jointly controlled entities.

Decrease in net income was primarily due to increased labor costs, although there was an increase in sales in the segment of Original Equipment Manufacturer (OEM) replacement parts and export markets. In the second quarter of Astra Otoparts have to issue new shares amounting to Rp 3 trillion to strengthen its capital structure.

Astra International also has sold 15.7% stake in Astra Otoparts to increase liquidity in the stock market, which results in a transaction value of Rp 2.8 trillion. In April, Astra Otoparts acquire 51% stake in PT Pakoakuina, manufacturer of alloy wheels for four-wheeled vehicles and two-wheeler valued at USD 700 billion by taking all new shares issued.

The government has announced tax incentives aimed at encouraging the production of Low Cost Green Car (LCGC) in the country. Astra Group has products that comply with the government regulations that Astra Toyota Agya and Astra Daihatsu Ayla is expected to begin to be distributed in August with a production capacity of 10,000 units per month.

Division of Financial Services Division of Financial Services Net income increased 19% to Rp 2.1 trillion. Total financing through Astra automotive finance business consisting of Federal International Finance (FIF), Astra Credit Companies (ACC), and Toyota Astra Financial Services (TAFS) increased 6% to Rp 27.8 trillion, including joint financing through bank financing without recourse .

Total weight of equipment financing through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance fell 42% to Rp 2.6 trillion as a result of declining sales of heavy equipment.

PT Bank Permata Tbk is 44.6% owned by the Company, posted a net profit increase of 15% to Rp 818 billion. Net interest income increased driven by higher loan growth of 27%, despite the increase in operating costs.

PT Asuransi Astra Buana (AAB) subsidiaries engaged in insurance business had a net profit due to higher growth in gross premium income in excess of the increased cost of reinsurance and claims costs.

Heavy Equipment and Mining Division of Net Income and Mining Equipment division fell 24% to Rp 1.4 trillion. PT United Tractors Tbk (UT), which is 59.5% owned by the Company, reported a 25% drop in net income to Rp 2.3 trillion, while net income decreased by 19%.

Business segment net revenue of construction machinery fell 40%, due to lower sales of Komatsu heavy equipment by 42% to 2,452 units. This happens due to decreased demand from the mining sector, especially for large units.

Pamapersada PT Nusantara (PAMA), a subsidiary of mining contractor UT benefited from the increasing mining capacity. PAMA reported net income increased by 12% because the increase in contract coal by 12% to 50 million tonnes of construction and earthmoving contracts (overburden removal) increased 2% to 414 million bcm.

UT subsidiaries in mining reported net income decreased by 44%, which is caused by the decrease in coal sales by 29% to 2.2 million tons. Decline in coal prices and rising fuel prices have a negative impact on net income.

Division Agribusiness Agribusiness Division’s net profit decreased by 25% to Rp 571 billion. PT Astra Agro Lestari Tbk (AAL), which is 79.7% owned by the Company, reported net income of Rp 717 billion.

Although palm oil production increased 11% to 704,000 tons, revenue declined 3% to Rp 5.5 trillion, caused by a decline in the average price of CPO by 16% to Rp 6.638/kg. The decline in revenue is accompanied with the high cost of production and operating costs, resulting in lower net profit.

AAL has started constructing an oil refinery in West Sulawesi, which will change from the crude palm oil plantation in Kalimantan and Sulawesi into olein and stearin. Oil refinery was built at a cost of Rp 750 billion is expected to be operational in early 2014 with a production capacity of 2,000 tons per day.

Infrastructure and Logistics Division Net income Infrastructure and Logistics Division declined by 29% to Rp 223 billion. PT Marga Mandala Sakti (MMS), which operates the toll road operator pathway Tangerang – Merak along 72.5 km, which is 79.3% owned by the Company, noted an increase in the volume of vehicle traffic by 11% to 20 million vehicles. PT PAM Lyonnaise Jaya (PALYJA), a leading provider of clean water in the area west of Jakarta, reported a slight decrease in sales volume of clean water to 78 million m3.

PT Serasi Autoraya (SERA), recorded an increase in revenue, mainly supported by the increasing number of vehicles on contract hire vehicle rental business TRAC 2% with the number of vehicles of more than 31,000 units. The high cost of depreciation and operating costs resulted in decrease in profit by 27% to Rp 97 billion.

Division of Information Technology and Net income and Information Technology Division of Rp 55 billion, up 2% compared to the first half of 2012. PT Astra Graphia Tbk (AG), a company engaged in the field of information technology and the sole agent of Fuji Xerox in Indonesia, which is 76.9% owned by the Company, recorded a net profit of Rp 72 billion, up 2% compared to the same period in ago.

Takjil Transaction achieve Rp 4 bilions

  • Posted on January 26, 2018 at 1:21 pm

BOGOR-Who says business takjil during Ramadan is home-based business with minimal turnover. In Bogor, turnover of the business is actually small medium businesses billions of dollars.

During the last six days, the velocity of money to commodities takjil Ramadan City Rain turns to reach Rp 4 billion. Average daily transaction estimated at Rp680 million.
This does not include culinary shopping “street” during fasting, such as in the cafe tent, stalls pecel catfish, seafood or cottage. The transaction is expected to double, from 3 billion to 6 billion per night.

A trader takjil in Jalan Padjadjaran, Ernie claimed could sell 200 packs per day. “Not only compote, but there lupis, golosor noodles, and fried foods. The price is Rp 5,000 per pack, so my turnover approximately one million dollars. Fortunately Rp200 thousand per day, “he explained.

At least there are five centers takjil in Bogor, which is in Housing Yasmin, Jalan Tegalgundil Bantarjati, Suryakencana Street, Fountain Roundabout, and the dam area. Not infrequently, the height of the seasonal market spill resulted in congestion due to the crowds of visitors.

On average in every village there are 10 traders takjil, it is estimated that there are 680 traders takjil in 68 villages in the city of Bogor. When a trader doing an average transaction of Rp 1 million, then the velocity of money to commodities takjil around Rp680 million.

“That figure is logical, very logical. Bogor is quite consumptive, so that small and medium enterprises (SMEs) in the field of culinary enthusiasts never quiet, “said the Chairman of the Chamber of Commerce and Industry (Kadin) Bogor, Radar Bogor to Erik Suganda (Group JPNN), yesterday.

Erik said, Bogor City Chamber of Commerce study culinary related transactions always scored five feet high. “From the afternoon, at about 16:00 in the morning until late, transaction hawkers around Rp3 billion. At Ramadan, increased 100 percent because many people break their fast on the outside of the house, “he explained.

Meanwhile, economic observers Bogor, Nusa Muktiaji said the high turnover of describing a culture of consumption. “It tends to over-consumptive culture. A number of commodities which is usually not consumed, it sought during Ramadan, such as pastries, “he said.

Come Enjoy Good EMC Indonesia Industrial Properties

  • Posted on January 14, 2018 at 10:58 am

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.