JAKARTA (IFT) - PT LG Electronics Indonesia and PT Samsung Electronics, Korean electronics manufacturers, aim to dominate the Indonesian smart television market by 40 percent and 75 percent this year. To achieve this, the companies will launch several products until the end of 2011, with a sales target of 1,000-1,500 units per month.
The products are priced at around Rp 4 million . Budi Setiawan, Sales Director of LG, said that to reach the target market, the company will launch 20 new smart television products this year. "We launched our first smart television in Q I/2011," said Budi.
PT Toba Bara Sejahtera Tbk (TOBA)
The listed coal issuer projects its coal production in 2014 to reach seven tons, or up seven percent from 2013’s sales projection of 6.4 million tons. The company’s production growth is at a stable 14 percent, with actual production touching 5.6 million tons in 2012. Toba Bara’s production in 2013 is estimated to reach 5.8 million to 6.4 million tons. Production as of the third quarter of 2013 climbed more than 13 percent YOY to 4.6 million tons from 4.1 million tons.
PT Marga Mandala Sakti
The operator of the Tangerang-Meral toll road projects its revenue to grow 15 percent in 2014 due to the increase in toll road tariff that is effective since October, 2013. Mandala Sakti targets to obtain Rp 600 billion revenue this year, with net profit of Rp 90 billion. The company’s revenue as of October of 2013 reached Rp 514 billion.
PT Industri Jamu dan Farmasi Sido Muncul (SIDO)
The listed herbal and health beverage manufacturer allots Rp 365.4 billion for its 2014 capex. The capex will be used to build a factory in the company’s new land. Production expansion is conducted for the Tolak Angin product and raw material production. Tolak Angin’s production capacity will double to 140 million sachets per month after the production capacity expansion. Tolak Angin’s production capacity is now at 70-80 percent, and is projected to climb 20 percent in 2014.
PT Indopura Resources
The company partners with four China-based companies to build a bauxite ore to chemical grade alumina (CGA) processing factory in Kubu Raya, West Kalimantan, with US$ 500 million in investments. The four companies that partner with Indopura Resources are Northern Heavy Industries Group Co Ltd (NHI Group), China State Construction Engineering Corporation (CSCEC), Zhongtai Construction Group, and Northeastern University Engineering & Research Institute. Groundbreaking of the factory—which sits on a 224-hectare land—was conducted last Wednesday. (*)
PT Ultrajaya Milk Industry and Trading Company Tbk (ULTJ)
The listed processed milk beverage company obtains significant increase in loss on exchange rates in the third quarter of 2013, which caused the company’s net margin to drop. Ultrajaya’s loss on exchange rate as of the third quarter of 2013 surged 123 percent YOY to Rp 23.65 billion. Most of the company’s raw material was imported, thus being significantly affected by rupiah depreciation.
PT Asuransi Ekspor Indonesia
The company, also known as ASEI, has not included the acquisition of a general insurance company in its 2014 Work and Budget Plan. The company will instead focus on developing existing business and increase premium revenue from export insurance products. ASEI was earlier reported to have a discource on accelerating the acquisition of a general insurance company in the fourth quarter of 2013. The acceleration was in accordance with the guidance from the Ministry of SOE, its shareholder.