Good Week for ...

PT Tower Bersama Infrastructure (TBIG). The listed telecommunications tower company’s operating margin for the first quarter of 2013 increased 2.9 percent year-on-year (YOY), and was supported by the increase in tower lease price. The company’s operating revenue for the first quarter climbed 99.5 percent YOY to Rp 617.6 billion (US$ 62.99 million) from Rp 309.5 billion, while cost of revenues increased 93.6 percent YOY to Rp 89.89 billion from Rp 46.4 billion.

PT Mitra Adiperkasa Tbk (MAPI). The listed modern retail company obtained the highest asset productivity growth as compared to its competitor, PT Ramayana Lestari Sentosa Tbk (RALS). Mitra Adiperkasa was able to maximize asset growth to drive its revenue hike. The company’s asset productivity rose by 0.27 YOY to 2.01 from 1.77. Meanwhile, Ramayana’s asset productivity increased of 0.24.

PT Acset Indonusa Tbk. The construction company targets 2013’s operating revenues to increase 49 percent to Rp 1 trillion, while net profit is projected to climb 69.8 percent to Rp 90 billion. The company expects contribution from the construction sector to reach 79 percent of Acset’s operating revenue for 2013. The construction sector contributed Rp 513 billion towards the company’s operating revenues.

PT Cardig Aero Services Tbk (CASS). The listed air transport support services company seeks to secure operating loans worth Rp 45 billion this year. The loans will be used to support the capital expenditure (capex) funding of the company’s subsidiaries in the food solution and catering services segment, PT Cipta Anugrah Sarana Catering and PT Purantara Mitra Angkasa Dua.

PT Unilever Indonesia Tbk (UNVR). The listed daily consumer goods manufacturer has raised its product selling price of an average of 405 percent in January-April, 2013. The price hike is aimed at maintaining the company’s gross, operating and net margins for 2013.

PT Bank Danamon Indonesia Tbk (BDMN). Bank Indonesia has conditionally approved the acquisition of 67.37 percent stake in Bank Danamon by DBS Group Holding Singapore. Indonesia’s central bank has asked the Monetary Authority of Singapore to facilitate banks from Indonesia in developing their businesses in Singapore. If the commitment is not acted out, DBS can only control 40 percent stake in Bank Danamon. 

Bad Week for ...

PT Solusi Tunas Pratama Tbk (SUPR). The company's management estimates Solusi Tunas's earnings before interest, taxes, depreciation and amortization (EBITDA) margin for the second quarter of 2013 to decrease from the previous quarter. The decrease is related to the company’s development of 800-1,000 telecommunication towers. Solusi Tunas’s EBITDA margin for the first quarter of 2013 slipped 3.5 percent YOY to 83.5 percent.

PT Freeport Indonesia. The mining company has temporarily shut down gold and copper production from the Grasberg mine in Papua until the investigation on the collapse of the Big Gossan underground mine in Papua is completed. The Grasberg mine contributes 89 percent gold sales to Freeport McMoran Copper & Gold Inc, the holding company of Freeport Indonesia.

PT Berlina Tbk (BRNA). The company’s net profit for the first quarter of 2013 fell 42.14 percent YOY to Rp 7.88 billion from Rp 13.62 billion that was attributed cost of revenues that climbed to Rp 184.77 billion from Rp 157.49 billion. Berlina is a company that engages in the plastic industry and industries that use plastic and fiberglass.