You can contact the author (Teguh Hidayat) by email, The author live in Jakarta, Indonesia.

See my activities in Instagram, @teguhidx.

Bank CIMB Niaga

Bank CIMB Niaga (BNGA) caught my attention for the first time in early 2015 when the stock fell from Rp1,400 to 900’s per share, then because the company reported a net income of Rp2.3 trillion in 2014, dropped almost half compared to the previous year, because of the soaring burden of impairment losses. However, at the price of Rp900 per share, the PBV was below 1 times, and it was very cheap considering that BNGA is not a small nor unknown bank, but actually one of the ten largest banks in Indonesia.

Between Medco, Newmont, and Bumi Resources

On Friday, July 1, 2016, the management of Medco Energi Internasional (MEDC) announced that the company will acquire PT Amman Minerals International (AMI), which previously acquired a 82.2% stake in PT Newmont Nusa Tenggara (NNT) at US $ 2.6 billion or equivalent to Rp34.3 trillion (based on the exchange rate Rp13,200 per US Dollar), thus MEDC will become an indirect shareholder in NNT. Soon after that MEDC shares rose 24.7% in a single day onto Rp1,870 per share, drawing the attention of stock traders, but in this writing I will invite you to dig deeper about Medco's corporate action, complete with the investment opportunities that may arise. Okay, here we go!

Jasa Marga & Right Issue: Opportunity!

Jasa Marga (JSMR) reported a net income of Rp849 billion during first half 2016, grew 28% over the same period of the previous year, thus JSMR becomes one of few major companies in the Indonesia Stock Exchange who still had a good financial performance in 2016 so far. But why does the stock fell instead?