Charoen Pokphand obtain approval to stock split

BI / exchange

19/10/2010

Dewi Idam Sari (16) & Irvin Avriano A.

Bisnis Indonesia

Charoen Pokphand obtain approval to stock split

JAKARTA: PT Charoen Pokphand Indonesia Tbk, a animal feed and broiler producers listed company, plans to split the value of shares (stock split) in December.

The plan was established after receiving approval from its shareholders in general meeting extraordinary shareholders (EGM/RUPSLB) today.

Charoen Pokphand Corporate Secretary Hadijanto Kartika said, in the EGM the company successfully obtain the approval from all the attended shareholders. The stock split will be done with 1:5 ratio and will make the shares nominal reduced from IDRp50 to IDR10 per share.

"The shareholders who attended approximately 72%, the majority approve our agendas, there are few who abstained but considered also agreed, according to the rules," he told the press this afternoon.

NatPac denied have a default discretionary funds

BI/exchange

19/10/2010

By: Irvin Avriano A., Stefanus Arief Setiaji (09), Ratna Ariyanti

Bisnis Indonesia

NatPac denied have a default discretionary funds

JAKARTA: PT NatPac Asset Management denied any embezzlement of their investors' fund for allegedly failing to pay up the discretionary funds (KPD/kontrak pengelolaan dana), which managed by the investment management company.

NatPac Asset Management President Commissioner Marusaha Lumban Gaol said his company is in the process of improving the investment contract.

According to him, recently the company did not have any problem with their investors and the project that became the basis of the issuance of the KPD underlying asset was still running.

"Until now we do not have a problem with our investors," he told reporters today. Underlying asset that became portfolio in the KPD are promissory notes and exchangeable bond.

Fajar Wisesa operating income jumped 50.66%

Monday, 18/10/2010 15:38:52 AM

Fajar Wisesa operating income jumped 50.66%

By: Irvin Avriano A.

Bisnis Indonesia

JAKARTA: PT Fajar Surya Wisesa Tbk operating income rose 50.66% to IDR410.02 billion in the 3rd quarter/2010 compared to IDR272.14 billion in the same period last year.

In their financial report submitted to the Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia) last weekend, the company also booked revenues grew 21.87% to IDR2.44 trillion.

Cost of goods sold rose 18.05% from IDR1.65 to IDR1.95 trillion and their operating expenses increased 3.74% from IDR83.77 billion to IDR86.9 billion.

The Bekasi-based company's net income rose 44.26% from IDR177.78 billion in the 2009 3rd quarter to IDR256.48 billion in the 2010 3rd quarter.

CP Prima projected revenues fell 13.56%

Monday, 18/10/2010 19:22:15 AM

CP Prima projected revenues fell 13.56%

By: Irvin Avriano A.

Bisnis Indonesia

JAKARTA: A fisheries emitters, PT Central Proteinaprima Tbk (CP Prima), is projecting revenues decreased by 13.65% this full year to IDR5.9 trillion compared with last year revenue that booked at IDR6.83 trillion level, optimistically. The decline was still affected by the IMNV, a shrimp virus, problem that occurs in their ponds.

In the disclosure to Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia) today, the management company explained that revenue projection is based on the four main factors.

First, the speed of the Lampung-based company to fix IMNV viruses which have suffered in the company's ponds since 2009. Second, the continuation of the pond recovery and areas infected with the virus.

Ancora Indonesia's shareholders sell stake

BI/bursa

18/10/2010

By: Irvin Avriano A.

Bisnis Indonesia

Ancora Indonesia's shareholders sell stake

JAKARTA: Pictet and Cie S/A Burgundy Asset Corp and Sarasin Robo Nominees (Singapore) Pte Ltd, shareholders of PT Ancora Indonesia Resouces Tbk, release thier company's stock on October 13th.

Based on the stock ownership portion in published disclosure today, it shows the ownership of Pictet and Cie was not recorded again on October 13th from the previous portion of 11.04% ownership or 194.99 million shares on October 16th. Ownership was already decrease from 11.82% position or 208.78 million shares at the end of August.

The portion of Sarasin Robo is also reduced from 11.79% or worth 208.22 million shares at the end of August to 11.04% or as much as 194.99 million shares on October 13th.

Taiwan instant noodles rejection not affect Indofood rating

Friday, 10/15/2010 16:41:14 AM

Taiwan instant noodles rejection not affect Indofood rating

By: Irvin Avriano A.

Bisnis Indonesia

JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo) assess the rejection of instant noodle products of PT Indofood Sukses Makmur Tbk and its subsidiary in Taiwan case did not affect the company's outstanding bond rating.

Pefindo analyst Vonny Widjaja and Niken Indriarsih in a release today stating that the product withdrawal does not matter, because the distribution of the consumer products only 1% of the export value of instant noodles and 0.03% of total sales of instant noodle.

"However, Pefindo still monitoring the impact of the withdrawal of instant noodles in Taiwan and on domestic sales for Indofood," Vonny said in the release.

Akasha Wira pocketed IDR200 billion loan commitment

Friday, 10/15/2010 14:51:41 AM

Akasha Wira pocketed IDR200 billion loan commitment

By: Irvin Avriano A.

JAKARTA: PT Akasha Wira International Tbk, a manufacturer of bottled drinking water brand Ades and Nestle Pure Life, has secured a loan from PT Bank Internasional Indonesia Tbk worth maximum IDR200 billion.

In the official disclosure to the Indonesia Stock Exchange today, the emitters mentioned the loan which was signed on September 2nd will be used to acquire assets of hair cosmetics company PT Damai Sejahtera Mulia worth US$5 million. The amount is equivalent to IDR45 billion, according to company calculations.

"A total of IDR35 billion from the loan will be used to acquire assets of Damai Sejahtera," as quoted from the release.