You can contact the author (Teguh Hidayat) by email, teguh.idx@gmail.com. The author live in Jakarta, Indonesia.

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Prospect of United Tractors After Acquired Martabe Gold Mine

On December 4, 2018, PT United Tractors, Tbk (UNTR) announced that the company had completed the process of acquiring 95% stake of PT Agincourt Resources (PTAR), the owner of the Martabe Gold Mine in South Tapanuli, North Sumatra Province. Thus, UNTR now has five business segments ie the distribution of heavy equipments, coal mining, coal mining services, construction, and gold mining, the last two segments have only joined the group in recent years. Interestingly, in contrast to the contribution of the constructions which is still very small, the gold mining successfully contributed Rp665 billion in net income before tax in the first quarter of 2019, or 16% of the company's total pre-tax income.

Wonderful Company: Ultrajaya Milk Industry

With only 17 liters per capita, Indonesia’s milk consumption is one of the lowests in the world, but the volume of milk production in the country is even lower, that about 75% of domestic milk needs are supplied by imports, mainly from Australia. This is a very good advantage for PT Ultrajaya Milk Industry, Tbk (ULTJ), one of the largest local milk producers in country, who never have any significant difficulties in marketing their dairy products, which is of course sold at lower prices than imported milk but with similar quality, or even better. As a result, the company’s revenue consistently increased every year. And with 24.4% annualized return of equity as of first quarter 2019, ULTJ is one of the most profitable companies which listed in the Indonesia Stock Exchange.