About a year ago, in August 2012, I began to analyze the stocks in sectors
that were not so popular: Sector of retail for mobile phone products and
accessories, and vouchers (for phone credit). From several stocks in this
sector, such as Trikomsel Oke (TRIO), Erajaya Swasembada (ERAA), TiPhone Mobile
(TELE), Skybee (SKYB), and Global Teleshop (GLOB), it was ERAA that selected.
And ERAA indeed made considerable gain, whose the price of shares continue to
rise from 2,200, until reaching 3,500 as its peak in last May. You can read the
full
article here.
How to Find a Super-Company: From Its Products
Four years ago, when I read the company's financial statements for the
first time, I assumed that the performance of property companies will be much
better than companies in other sectors. Because a property company selling the
houses, offices, apartments etc. that the prices are high, even reaching
billions of Rupiah (about US$ 100K) per unit, so that the company’s revenue was
definitely big. While for companies such as Indofood,
for example, how much the profit from selling Indomie at a price of Rp1,000 per
pack? (in the year 2009, the price of Indomie was still around Rp1,000 per
pack, or about US$ 0.1). From the appearance of the salesmen, we can see that
property agents usually wear suit, aka far more convincing than old woman with
pajamas who selling Indomie in grocery stalls.
How to Invest, Not Speculate!
A few days ago, the Government of Cyprus announced that it would gradually sell
their gold reserves worth 400 million Euros, as a part of the actions to rescue
the country's economy. And whether it had correlations or not, a few moments
later the price of gold on the New York Futures Market plunged to as low as of
US$ 1,351 per oz. If calculated from the peak position of US$ 1,908 in August
2011, the gold price had fallen 29.2%. Well, if viewed from the perception that
the Jakarta Composite Index (JCI) will typically drop by 20 - 25% from the peak
(when the bear period occurred), then it is the gold that experience its ‘bear
period’.
A Must Read Guide for Newbie Investors
Today I received an email that sounds like this, ‘Dear Sir, I am a newbie
investor. Frankly, I am scared to buy stock, I'm afraid of losses. Moreover, I
read on the internet that stock investors will almost certainly suffer losses
in their first year because lack of experience. Is there any way that I could
immediately gain profit in stock without losing first?' Well, since this is
probably a common question of new or potential investors in the stock market,
then I made the article to answer it comprehensively.
Indofood Sukses Makmur
Indofood Sukses Makmur (INDF), as you know, is the largest food company in
Indonesia, even among the largest in the world, with a variety of products
ranging from cooking oil, margarine, flour, instant noodles, snacks, syrups,
nutritious food, flavoring, milk, and sugar. Through its subsidiary, Salim Ivomas Pratama (SIMP), INDF is
also the largest plantation company in the world in terms of land area that
covers 483 thousand hectares. So yep,
INDF is a giant. But I was quite surprised when reading the company's annual
report, where I find out that INDF continues to expand to become larger. Lastly,
INDF has been expanding to China by acquiring China Minzhong Food Corp., a vegetable processing company.
The Battle Begins! Jokowi vs Prabowo
One of the most important issues after Joko Widodo (Jokowi) officially run for President, is about his running mate (for vice president). And after several delays, eventually announced that the mate is Jusuf Kalla or JK. Coincidentally, if we see JK’ good
track record as a vice president of Republic
of Indonesia during the
period 2004 - 2009, JK is a figure that is desired by the stock market. As a result since last Friday and also continues to this day,
JCI rise to 5,000's positions. The
question is, of course, what's next?
Koperasi Cipaganti (Cipaganti Cooperative)
Lately in the media there are news that Koperasi Cipaganti Karya Graha
Persada, or abbreviated as Koperasi
Cipaganti (KC) only (literally meaning Cipaganti Cooperative, or Cipaganti
Union), began having difficulties in paying monthly interest/yield to its
investors, and of course these investors began to worried. Some peope think
that a company listed on the Stock Exchange, namely Cipaganti Citra Graha (CPGT) is the same as KC, but it's not.
Anyway, let's learn more about this case, is it just another fraud thing?
Steel Pipe Industry of Indonesia
Since listed on the Stock Exchange on February 22, 2013 at the price of Rp295
per share, the stock of Steel Pipe Industry of Indonesia or Spindo (ISSP), hadn’t
gained a penny but directly dropped.. and continue to drop until it touches 131
as its lowest point on January 2014, before then rebounded and currently closed
at 168. If you look at the business model of the company, which makes and sells
steel pipes, ISSP is not ideal for a
long-term investment as the company’s financial performance in the future can
be easily affected by the fluctuations in raw material prices, the weakening of
Indonesian currency (Rupiah), etc. However, if you look at the discounted price
of the shares, the company’s conservative management, as well as the company's
recent performance that is quite good, then ISSP is too good to be ignored. Okay,
here’s my review.
A Lesson of Valuation: Non-Controlling Interest
Some time ago I received a question email from a friend, which he asks, 'Dear
sir, in an article about Toba
Bara Sejahtra (TOBA), you stated that the net profit of TOBA for First
Quarter 2014 was US$ 7.7 million. But I see in the paper, the profit was US$
12.8 million. Which is right?' I could say, both are right. How come? Well, here’s
the explanation.
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