[Kabar-indonesia] 21 Biz/Economic Reports incl: Sampoerna; Jasa Marga; Berlian; NISP...

[Joyo at aol.com]

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21 reports compiled, selected, and formatted by Joyo Indonesia News Service:

- Indonesia's Sampoerna 9-mth net profit up 24.8 pct 

- Indonesia to adjust dividends to be paid by state-owned firms 

- Indonesia's Jasa Marga May Raise Up To $219M In March IPO 

- Indonesia's PT Berlian to debut on Singapore Exchange 

- Indonesia to invest US$311 mln in 2007 to upgrade railways 

- Dubai Ports World eyeing US$722 mln in Indonesian port project 

- Foreign companies dominate Indonesia's footwear exports 

- Indonesia's Bank NISP 9 mths net profit 171.49 bln rupiah vs 88.68 bln 

- Indonesia's Ramayana 9 mths net profit   143.05 bln rupiah vs 175.61 bln 

- Indonesia's Bentoel 9 mths net profit 135.54 bln rupiah vs 148.18 bln 

- Unilever Indonesia 9 mths net profit 1.37 trln rupiah vs 1.20 trln 

- Indonesia's United Tractors 9 mths net profit 842.05 bln rupiah vs
  808.94 bln 

- Indonesia's Hero Supermarket 9 mths net profit 23.01 bln rupiah vs 16.85   bln 

- Indonesia's Kimia Farma 9-mth net profit 18.20 bln rupiah vs 27.12 bln 

- Indonesia Ciputra Development 9 mths net profit 724.27 bln rupiah vs 51.93   bln 

- Indonesia's Jaya Ancol 9 mths net profit 74.14 bln rupiah vs 57.29 bln 

- Indonesia's Texmaco Jaya 9 mths net loss 23.62 bln rupiah vs loss 115.77   bln 

- Indonesia's Enseval Putera 9 mths net profit 138.48 bln rupiah vs 146.52   bln 

- Indonesia remains favored investment destination for Japan: JBIC 

- Russia eager to invest in Maluku mining sector 

- Indonesia palm oil mixed on Malaysia, funds

--------------

Indonesia's Sampoerna 9-mth net profit up 24.8 pct

JAKARTA, October 31 (Reuters) - Indonesia's second largest
listed tobacco company, PT Handaya Mandala Sampoerna Tbk ,
reported on Tuesday a 24.8 percent rise in its nine-month
net profit amid healthy sales growth.

Sampoerna, controlled by Philip Morris International, the
tobacco unit of Altria Group , posted a net profit of 3.0
trillion rupiah ($329.3 million) in January-September
compared with 2.41 trillion a year ago.

The company, with a market capitalisation of around $4
billion, saw its sales revenue climb 26 percent to 22.75
trillion rupiah in the January-September period.

Sampoerna's operating margins declined slightly to 18.5
percent from 19.3 percent due to higher raw material costs
and operating expenses.

The results were much better than the country's largest
tobacco company, PT Gudang Garam Tbk , which saw its net
profit plunge 44.5 percent in the first nine months of 2006
compared to the year-ago period.

Around a third of Indonesia's 220 million population smoke,
with some 90 percent of those choosing kreteks, whose
pungent aroma fills the air from roadside cafes to remote
thatch huts.
As inflation pushes up living costs, Gudang Garam's core
low-income market is smoking less, while wealthier smokers
are lighting up rival Sampoerna's milder kreteks instead.

Inflation in Southeast Asia's top economy spiked to its
highest in around six years last year after the government
cranked up fuel prices, hurting many sectors in the economy,
including the tobacco industry which supports as many as 7
million people.

---------------------------------------------------------

Indonesia to adjust dividends to be paid by state-owned
firms

JAKARTA, October 30 (Asia Pulse/Antara) - State Entreprises
Minister Sugiharto said the ratio of dividends state-owned
companies have to pay to the state will be adjusted in line
with the firms' business plans.

"There is no such thing as an iron rule that state-owned
companies must pay dividends of 50 per cent or 45 per cent
to the state," the minister said here over the weekend.

The minister made the remark in response to a request From
sertain state-owned companies that the ratio of their
obligation to pay dividends to the state be reduced. One of
them even asked to be alllowed to pay zero dividend to the
state.

According to the minister, the government would try to lower
the ratio of dividend payments by state-owned firms if their
profits could really be reinvested as equity, resulted in a
higher yield or a higher return on capital.

"We will consider accepting a lower dividend if each rupiah
yielded will generate a higher return. If not, part of the
net profit posted had better be paid in the form of
dividend," he said.

In the draft 2007 state budget, the House of Representatives
Macro Assumptions Working Committee proposed a target of Rp
19.2 trillion for state companies' dividend payments which
was higher than the state entreprises ministry's proposal of
Rp18.5 trillion.

The House Committeee arrived at the figure Rp19.2 trillion
(US$2.11 billion) assuming that all state-owned companies
would pay 50 per cent of dividends on their profits which
were estimated to total Rp44.47 trillion.

Among the state-owned companies that had requested a
reduction to zero per cent of their obligaton to pay
dividends were PT Adhie Karya and PT Jamsostek.

According to state enterprises minister's secretary Said
Didu, PT Adhie Karya's request to be freed from the
obligation to pay dividend on its net profit was not logical
because state companies' function was to make profit for the
state.

He said it was PT Adhie Karya's had the right to request an
exemption, but noted the house would rule on the request.
There was no reason to approve PT Adhe Karya's request
except if the company had suffered big losses in its
business activities, he said.

"If the board of directors of a state company asks to be
allowed to pay no dividends to the state, they had better
resign from their posts," Didu said.

----------------------------------------------------------

Indonesia's Jasa Marga May Raise Up To $219M In March IPO

JAKARTA, October 30 (Dow Jones)--State-owned toll road
operator PT Jasa Marga hopes to sell between 20%-25% of its
shares to the public in an initial public offering next
year, raising up to IDR2 trillion ($219 million) in
proceeds, a company official said Monday.

"Hopefully (the IPO) will be in March, and raise between
IDR1.5 trillion and IDR2 trillion ($219 million) in
proceeds," said Jasa Marga's President Director Frans
Sanito.

The company will use the funds to finance development of
several toll roads in Java, Sanito added.

----------------------------------------------------------

Indonesia's PT Berlian to debut on Singapore Exchange

SINGAPORE, October 30 (XFN-ASIA) - Indonesian shipping firm
PT Berlian Laju Tanker Tbk will start trading on the
Singapore Exchange today.

PT Berlian's key shareholder PT Tunggaladhi Baskara sold
576.06 mln shares at 0.32 sgd at its initial public
offering, below its maximum indicative price of 0.40 sgd.

The IPO comprised of a retail tranche of 28.8 mln shares,
with the rest placed with institutional investors. The
company said the retail tranche was 2.9 times subscribed.

-----------------------------------------------------------

Indonesia to invest US$311 mln in 2007 to upgrade railways

JAKARTA, October 30 (Asia Pulse/Antara) - The Indonesian
government says it will set aside Rp2.8 trillion (US$311
million) for the expansion of railway transport in 2007,
adding to the Rp2.5 trillion spent in 2006, Transport
Minister Hatta Rajasa said.

Rajasa said the fund will be used to buy additional coaches
for passengers, improve railway infrastructure and build
double tracks.

He said the state-owned railway company PT Kereta Api has
improved its performance and services this year notably in
the transport of people celebrating Idul Fitri.

He said ahead and during Idul Fitri, PT Kereta Api used 35
additional coaches produced locally.

-----------------------------------------------------------
Dubai Ports World eyeing US$722 mln in Indonesian port
project

JAKARTA, October 31 (Asia Pulse/Antara) - Dubai Ports World
of the United Arab Emirates has indicated interest in
financing the Rp6.5 trillion (US$722 million) Bojonegoro
International Port project in Banten.

Syaifuddin, president of state-owned port operator PT
Pelabuhan Indonesia, said Dubai Ports is among the investors
showing interest in building the Bojonegoro port project.

Dubai Ports, the fifth largest port operator in the world,
wants to expand operation in Asean especially Indonesia and
it sees good prospects in this region, Syaifuddin said.

He said other investors are also offered to have a share in
the project, adding a number of other investors have also
indicated interest in the project.

------------------------------------------------------------

Foreign companies dominate Indonesia's footwear exports

JAKARTA, October 30 (Asia Pulse/Antara) - Three
international brands Nike, Reebok and Adidas dominated
Indonesia's footwear exports for the first half of the year,
the shoe makers association (Aprisindo) said.

The three brands contributed 90 per cent to the country's
total footwear exports of US$832.8 million in the first half
of this year, an increase of 15.05 per cent over the same
period in 2005, the association told the official Antara
news agency yesterday.

Aprisindo said exports in 2006 are expected to reach US$2
billion up from US$1.43 billion in 2005.

The country's exports of footwear peaked at US$2.2 billion
in 1996.

The largest export market for Indonesian footwear is the
United States to which exports were valued at US$472.2
million in 2005, followed by the European Union and Japan.

------------------------------------------------------------

Indonesia's Bank NISP 9 mths net profit 171.49 bln rupiah vs
88.68 bln

JAKARTA, October 31 (XFN-ASIA) - PT Bank NISP nine months to
September results:

Interest income - 1.87 trln rupiah vs 1.34 trln Net interest
income - 639.62 bln rupiah vs 533.84 bln Operating profit -
245.77 bln rupiah vs 128.60 bln Net profit - 171.49 bln
rupiah vs 88.68 bln Earnings per share - 34.74 rupiah vs
20.28

Bank NISP is 70.74 pct-owned by Singapore's Oversea-Chinese
Banking Corp Ltd (OCBC).

-----------------------------------------------------------

Indonesia's Ramayana 9 mths net profit 143.05 bln rupiah vs
175.61 bln

JAKARTA, October 31 (XFN-ASIA) - Retailer PT Ramayana
Lestari Sentosa's first half to June results:

Sales - 2.91 trln rupiah vs 2.69 trln Operating profit -
144.68 bln rupiah vs 159.28 bln Net other income - 24.83 bln
rupiah vs 67.09 bln Net profit - 143.05 bln rupiah vs 175.61
bln Earnings per share - 20 rupiah vs 25

------------------------------------------------------------

Indonesia's Bentoel 9 mths net profit 135.54 bln rupiah vs
148.18 bln

JAKARTA, October 30 (XFN-ASIA) - Cigarette maker PT Bentoel
Internasional Investama's nine months to September results:

Sales - 2.14 trln rupiah vs 1.64 trln Operating profit -
107.02 bln rupiah vs 54.09 mln Net other income - 28.28 bln
rupiah vs 138.28 bln Net profit - 135.54 bln rupiah vs
148.18 bln Earnings per share - 21.80 rupiah vs 22.76

----------------------------------------------------------

Unilever Indonesia 9 mths net profit 1.37 trln rupiah vs
1.20 trln

JAKARTA, October 30 (XFN-ASIA) - PT Unilever Indonesia nine
months to September results:

Sales - 8.67 trln rupiah vs 7.61 trln Operating profit -
1.95 trln rupiah vs 1.69 trln Net profit - 1.37 trln rupiah
vs 1.20 trln Earnings per share - 180 rupiah vs 157

-----------------------------------------------------------

Indonesia's United Tractors 9 mths net profit 842.05 bln
rupiah vs 808.94bln

JAKARTA, October 31 (XFN-ASIA) - Heavy equipment distributor
PT United Tractors nine months to September results:

Sales - 10.46 trln rupiah vs 9.78 trln Opg profit - 1.21
trln rupiah vs 1.40 trln Net other income - 3.35 bln rupiah
vs charges 238.70 bln Net profit - 842.05 bln rupiah vs
808.94 bln EPS - 295 rupiah vs 284

United Tractors is a 58.03 pct-owned unit of car dealer PT
Astra International.

------------------------------------------------------------

Indonesia's Hero Supermarket 9 mths net profit 23.01 bln
rupiah vs 16.85 bln

JAKARTA (XFN-ASIA) - Retailer PT Hero Supermarket nine
months to September results:

Sales - 3.49 trln rupiah vs 3.02 trln Operating profit -
25.96 bln rupiah vs 13.96 bln Net other income - 5.31 bln
rupiah vs 18.54 bln Net profit - 23.01 bln rupiah vs 16.85
bln Earnings per share - 70 rupiah vs 51

Hero is a 44.55 pct-owned unit of Singapore's Dairy Farm
International Holdings Ltd.
----------------------------------------------------------

Indonesia's Kimia Farma 9-mth net profit 18.20 bln rupiah vs
27.12 bln

JAKARTA, October 30 (XFN-ASIA) - State pharmaceutical firm
PT Kimia Farma's nine months to September results:

Sales - 1.35 trln rupiah vs 1.14 trln Operating profit -
32.26 bln rupiah vs 42.82 bln Net profit - 18.20 bln rupiah
vs 27.12 bln Earnings per share - 3.28 rupiah vs 4.88

-----------------------------------------------------------

Indonesia Ciputra Development 9 mths net profit 724.27 bln
rupiah vs 51.93bln

JAKARTA, October 31 (XFN-ASIA) - Property developer PT
Ciputra Development's nine months to September results:

Sales - 969.44 bln rupiah vs 710.53 bln Operating profit -
265.68 bln rupiah vs 156.40 bln Extraordinary gain - 627.69
bln rupiah vs nil Net profit - 724.27 bln rupiah vs 51.93
bln Earnings per share - 227 rupiah vs 22

------------------------------------------------------------

Indonesia's Jaya Ancol 9 mths net profit 74.14 bln rupiah vs
57.29 bln

JAKARTA, October 30 (XFN-ASIA) - Property developer and
recreation park operator PT Pembangunan Jaya Ancol nine
months to September results:

Sales - 444.56 bln rupiah vs 329.52 bln Operating profit -
98.39 bln rupiah vs 78.27 bln Net profit - 74.14 bln rupiah
vs 57.29 bln Earnings per share - 71 rupiah vs 72

--------------------------------------------------------

Indonesia's Texmaco Jaya 9 mths net loss 23.62 bln rupiah vs
loss 115.77 bln

JAKARTA, October 31 (XFN-ASIA) - PT Texmaco Jaya's nine
months to September results:

Sales - 52.71 bln vs 52.70 bln Operating loss - 56.52 bln
rupiah vs loss 68.55 bln Net loss - 23.62 bln rupiah vs loss
115.77 bln Loss per share - 66 rupiah vs loss 322

--------------------------------------------------------

Indonesia's Enseval Putera 9 mths net profit 138.48 bln
rupiah vs 146.52 bln

JAKARTA, October 31 (XFN-ASIA) - PT Enseval Putera
Megatrading's nine months to September results:

Sales - 4.06 trln rupiah vs 4.0 trln Operating profit -
169.05 bln rupiah vs 208.79 bln Net profit - 138.48 bln
rupiah vs 146.52 bln Earnings per share - 61 rupiah vs 64

---------------------------------------------------------

Indonesia remains favored investment destination for Japan:
JBIC

JAKARTA, October 31 (Asia Pulse/Antara) - Indonesia remains
among the main countries of destination for Japanese
investors in the manufacturing sector, a survey shows.

Indonesia is third in Asia after China and Thailand among
favorite countries for investment by Japanese
industrialists, according to a survey by Japan Bank for
International Cooperation (JBIC).

Japanese investors, however, have complained about the lack
of legal certainty in the country.

Darmawan Djajusman, a deputy at the capital investment board
(BKPM), said a number of Japanese companies operating in
chemical and automotive sectors have considered business
expansion to Indonesia and make the country their production
base.

-----------------------------------------------------------

Russia eager to invest in Maluku mining sector

AMBON, October 31 (Asia Pulse/Antara)  - The Russian
Government expressed interest in investment in the mining
sector particularly in coal and natural gas in Maluku in
view of the region's practically untapped and abundant
natural resources.

"We plan to invest our capital in the mining sector in
Maluku, considering that the province is rich in natural
resources and the investment will bring about prosperity to
the local people," Russian Ambassador to Indonesia Mikhail
Bely said here on Monday.

The Russian ambassador who was in Maluku along with some
Indonesian state entreprises ministry staff officials said
that he had received accurate data on one of the potential
mining commodities, which has a high price on the world
market.

Russia is interested in investment in the mining sector
because that country is well-experienced in the application
of coal and gas exploitation and exploration technology.
That country's advanced technology is also applicable to the
mining sectors in other regions.

As to the realization of investment plan, the ambassador
said he was still waiting for the result of President Susilo
Bambang Yudhoyono's visit to Rusia for talks on cooperation
the two countries had to follow up after the signing of a
memorandum of understanding in November.

"Hopefully, Maluku is also covered by the cooperation
agreement to be signed by the leaders of the two countries,
as it will give greater benefits to the province's recovery
in the post-conflict period," he said.

Besides the mining sector, Rusia will also step up
cooperation in education with Ambon's Pattimura University
(Unpatti) established in 1961 in the sending of university
lecturers and students to Russia to pursue master and
doctoral programs.

-----------------------------------------------------------
Indonesia palm oil mixed on Malaysia, funds

JAKARTA, October 31 (Reuters) - Indonesian palm oil prices
were mostly lower on Tuesday, dragged down by losses in the
Malaysian market, but fresh fund buying supported local
crude palm oil, traders said.

RBD palm olein prices in Jakarta eased to 4,900 rupiah
($0.538) a kg from 4,925 on Monday.

"The market is a bit quiet today," a Jakarta trader said.
"Buyers are waiting and watching for any correction in
Malaysia."

The benchmark January contract <KPOF7> on the Bursa Malaysia
Derivatives was down 21 ringgit at 1,677 ringgit ($460) a
tonne at the end of the morning session.

Losses in Malaysia also put presure on the state marketing
centre, which held no auction on Tuesday.

On the exports front, crude palm oil was offered slightly
lower at $457.5 a tonne for November shipment, free on board
Belawan, while bids were set at $452.5.

Sellers were offering December shipment at $462.5 a tonne
with bids at $455.

Short covering and fund money entering the market have
pushed crude palm oil higher in North Sumatra's Medan, the
main port for palm oil exports, at between 4,457 and 4,582
rupiah a kg compared with 4,270 on Oct. 19.

"The market is not yet active after the holiday, with
sellers waiting for positive sentiment after seeing the
(Malaysian) index that fell a lot in the morning. But short-
term buying and funds coming in have helped prices," said a
Medan trader.

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Joyo Indonesia News Service
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