Good Week for ...

Listed alcoholic beverage manufacturers PT Delta Djakarta Tbk (DLTA) and PT Multi Bintang Indonesia Tbk (MLBI) posted solid profitability in the first quarter of 2013. Delta Djakarta’s gross margin reached 70.04 percent with operating margin of 40.77 percent. Multi Bintang’s gross margin reached 65.42 percent with operating margin of 47.21 percent. Delta Djakarta obtained gross profit of Rp 150.01 billion (US$ 15.45 million, Rp 87.32 billion in operating profit and net profit of Rp 69.2 billion. Meanwhile, Multi Bintang’s gross profit reached Rp 973.37 billion, operating profit of Rp 702.35 billion and Rp 525.37 billion in net profit.

The Pension Fund of PT Bank Mandiri Tbk (BMRI) has prepared Rp 300 billion to expand the company’s investment portfolio in direct equity investments in the third quarter of this year. an official of the company said the company will acquire a property company to increase the company’s direct equity investment.

Large-scale multi-finance company PT BFI Finance Indonesia Tbk (BFIN) secured syndicated loan worth Rp 500 billion in early April, 2013. The term loan will be used to fund the company’s 2013 working capital, the company’s official said.

State-owned large-scale pawnbroker PT Pegadaian (Persero) has obtained permission from the Ministry of State-Owned Enterprises (SOE) to issue a bond worth Rp 7 trillion, or higher than the initial proposal of Rp 5 trillion.

Listed energy and infrastructure company PT Dian Swastatika Sentosa (DSSA) targets 2013’s revenue to climb 19 percent from US$ 629 million in 2012. The revenue growth will be supported by the mining and coal trading segment that is run by the company’s subsidiary, PT Golden Energy Mines Tbk (GEMS).

Bad Week for ...

PT Pudjiadi Prestige Tbk (PUDP) obtained 2013’s first quarter consolidated net profit drop of 38.96 percent year-on-year (YOY) to Rp 3.76 billion from Rp 6.17 billion that was attributed to revenues that fell 4.28 percent YOY to Rp 21.61 billion from Rp 22.58 billion. The net profit decrease was also driven by operating cost hike of 12.28 percent YOY to Rp 9.65 billion.

Plain concrete steel manufacturer PT Betonjaya Manunggal Tbk (BTON) obtained net profit of Rp 3.87 billion in the first quarter of 2013, or a decline of 45.57 percent YOY from Rp 7.11 billion. The net profit decrease was driven by revenues that fell to Rp 25.35 billion from Rp 44.93 billion.

The earnings before interest, taxes, amortization and depreciation (EBITDA) margin of listed telecommunications tower company PT Solusi Tunas Pratama Tbk (SUPR) may drop in the second quarter of this year due to the company’s plan to build 800 to 1,000 telecommunication towers. The company’s EBITDA margin for the first quarter of 2013 slipped 3.5 percent YOY to become 83.5 percent from 87 percent. The company’s EBITDA rose 46.2 percent YOY to Rp 135.8 billion from Rp 92.9 billion.