SOME CORPORATE EARNINGS IN INDONESIA REACH 43 to 97%

Indofood Net Profit Rise 92.5%
Performance of PT Indofood Sukses Makmur Tbk (INDF) in 2009, probably, quite shiny. One of the contributors is Indofood Agri Resources Ltd (IndoAgri), INDF subsidiary in the field of plantation. In the year 2009, IndoAgri net income increased 92.5% from Rp 1.06 trillion in 2008 to Rp 2.05 trillion. This positive performance is due to profits arising from changes in fair value of biological assets and profit rates, said Mark Wakeford, CEO and Executive Director IndoAgri, in his letter to the Indonesia Stock Exchange (BEI).

In addition, the company's net profit increase of listing its shares on the Singapore stock exchange was supported by the business efficiency. Thanks to these efficiencies, profit margin before interest, taxes, depreciation, and amortization (EBITDA) increased from 26.1% to 33%. Selling expenses and distribution are also down due to decrease in export taxes. Although its net income increased, operating income IndoAgri not too impressive. In fact, revenues fell 23.6% from Rp 11.8 trillion in 2008 to Rp 9.04 trillion.

IndoAgri CPO production rose 7% to 763,000 tons as production increases in North Sumatra, South Sumatra and Kalimantan. But, what can not be helped, the average price of the sale of crude palm oil (CPO) in the world market falls. CPO prices in world markets just beginning to crawl up on Second-quarter 2009, with the price range of U.S. $ 640-US $ 801 per ton. Decline in sales of vegetable oil and cooking oil also makes income decreased Indo Agri join.

Because the world economy is recovering, Mark Wakeford sure, demand for palm oil will rise again. One is the strengthening of the demand driving biodiesel as a result of government policies in Europe, Brazil, and Argentina. Therefore, we will continue to expand oil palm plantations.

Not only that, Indo Agri also plans to invest in research, development, and the glorification of oil palm seedlings. Unfortunately, Wakeford did not mention the value of this investment in 2010. Wakeford also did not disclose how many targets the expansion of land Indo Asia Kapitalindo Agri.Analis Arga see Paradita Sutiono IndoAgri increase in net profit as a natural thing. Moreover, IndoAgri is oil palm plantation companies which have a wide area, about 200,000 hectares.

With profits high enough, Arga predict, IndoAgri will contribute significantly to profits Indofood. Understandably, during this IndoAgri accounts for 20% -30% of the income of Indofood. If its net income increased 97%, meaning that Indofood's net profit would rise 27%. Arga count, INDF stock price could reach USD 4100 per share in 2010. For the best long-term hold, but for the medium term, better to buy shares INDF.


UNTR Net Income Increased 43% to be USD 3.82 Trillion
PT United Tractors Tbk (UNTR) to record satisfactory performance throughout the year and 2009. In that period, the company of heavy equipment and mining is a net profit of Rp 3.82 trillion. This figure increased 43% from the year 2008, is valued at Rp 2.66 trillion. In addition to after-sales service driven heavy equipment, net profit increased UNTR affected by foreign exchange gains, said UNTR Corporate Secretary, Sara K. Loebis, in his written explanation to the Indonesia Stock Exchange.

Although its net income growth charming, all 2009 UNTR only able to get revenue by 5% to Rp 29.24 trillion. Most of the revenue contributed by the business unit that served the mining contractor subsidiary, PT Pamapersada Nusantara (Pama). The focus of this unit produces coal and transfer business ground (overburden removal). The contribution of this unit for 53% of total revenues in 2009 UNTR years ago.

Other income donated by the business units of construction machinery or heavy equipment sales, which for 37% of total revenues UNTR. Only donations of this business unit decreased from the previous year. during the year 2009, sales of heavy equipment UNTR reached Rp 10.98 trillion, or 11% decline from the realization of 2008. According to Sara, the drop in sales of heavy equipment triggered by the weakening of the average prices of commodities such as coal and crude palm oil. 2009 commodity prices were still below the average of the previous year.

In addition, the loan interest rate is still high. Until the end of December 2009, UNTR only managed to sell a brand of Komatsu heavy equipment units as many as 3111. This number decreased 28% from the year 2008 achievement. Finally, as much as 10% of total income donated UNTR mining business unit through PT Dasa Eka Jasatama.

Asia Securities analyst Valbury, Budi Rustanto, see the performance subsidiary of PT Astra International Tbk is still going to increase this in 2010. Improvements commodity prices will hoist heavy equipment sales of United Tractors. Moreover, a number of mining projects UNTR started walking. Until the first half of 2010, stock prices could UNTR up to Rp 18,000 per share. Yesterday, UNTR stock prices closed down 0.87% to Rp 17,000 per share.

Unilever tighten supply of CPO
PT Unilever Indonesia Tbk (UNVR) to tighten the cooperation with suppliers of crude palm oil or crude palm oil (CPO). As one of the companies that need a lot of suppliers of CPO, Unilever does not want to deal with companies that violate environmental ethics.

This statement came after the BCC news agency said that there is a producer of CPO in Indonesia is taxable to the problem of environmental violations. According to the BBC Unilever stated that they do not buy palm oil from palm ambassadors, although the actual needs of their CPO is very high. When he confirmed this news, corporate secretary of Unilever Indonesia, that the ambassador never palm and not a direct supplier. But they acknowledged that the company's support of palm oil production process is environmentally friendly. Therefore Unilever chose to partner with those who are committed and act according to environmental principles.

Hopefully one day this world can be a place that can give everything without damaging the environment and nature around us.