24 January 2020 (closed)
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Ancora Indonesia Resources is a diversified natural resources company focused on Indonesia. The company's business activities include mining, trade, transportation and services, all of which are conducted through the company’s subsidiaries.
|Industry Sector||Trade, Services & Investment|
|Industry Sub Sector||Wholesale (Durable & Non Durable Goods)|
|Established||15 September 2003|
|Listed||17 April 2006|
|Listed Company Code||OKAS|
|Major Shareholders (>5%)||Multi Berkat Energi (Ancora Resources) (52.00%)
DBS Bank Ltd SA Summer Harvest Ltd (17.18%)
Banque Pictet and Cie SA Burgundy Assets Corp (11.04%)
|Key Subsidiaries||Multi Nitrotama Kimia
Stock Quote Ancora Indonesia Resources - OKAS:
Ancora is active in Indonesia's mining sector through its subsidiaries Multi Nitrotama Kimia, which is market leader in Indonesia for mining explosives (ammonium nitrate) and Ancora Indonesia Mining. In the oil & gas sector, the company is active through its subsidiary Bormindo Nusantara, which provides onshore drilling rig services to oil & gas operators in Indonesia. In the logistics sector, it is active through its subsidiary Ancora Shipping, a shipping company that provides supporting services to other business units within the company.
Ancora Indonesia Resources business model is based on expansion through acquisitions of a diverse range of businesses in order to realize the company’s vision in becoming the pre-eminent natural resources company in Indonesia.
Former politician Gita Wirjawan owns a large stake in Ancora Indonesia Resources through Ancora Resources and Emas Hitam Investindo.
Ancora Indonesia Resources' main business activities are conducted by the company's two key subsidiaries: Multi Nitrotama Kimia and Bormindo Nusantara.
Multi Nitrotama Kimia
Multi Nitrotama Kimia (MNK) is a manufacturer of Ammonium Nitrate and Nitric Acid. Both are compounds used as explosives to support activities in coal and mineral mining, general work, and the cement industry. Industrial explosive manufacturing is considered as a niche industry because of the strategic interests and risks associated with the industry. MNK operates as an explosive manufacturer, importer and distributor, in particular of Ammonium Nitrate, dominating Indonesia’s market with an almost 37 percent market share in 2012. MNK owns and operates the MNK-1 and MNK-2 plants in Cikampek, West Java.
Bormindo Nusantara (BN) is an oil drilling services contractor specialized in onshore oil and gas rigs in Indonesia. With an experience of almost 30 years BN is ready to diversify to provide comprehensive services related to drilling, including drilling services, workover and well management, integrated project management services equipment and supplies rental, as well as workforce training services. Drilling services are currently conducted with ten high-specification rigs that are owned by BN. BN also provides various drilling-related services; among others are high-pressured well control equipment, special drilling pipes, drilling recording and monitoring systems, top drive drilling, and equipment rig transfer.
Ancora Indonesia Resources' Financial Highlights:
|Net Income (loss)
per Share (loss)¹
in million US dollar
¹ in US dollar
Source: Ancora Indonesia Resources, Annual Report 2016
Projection Ancora Indonesia Resources's Future Corporate Earnings:
|P/E Ratio (x)|
in billion IDR, unless otherwise stated
Equity Tower, Floor 41 Suite A
Sudirman Central Business District (SCBD)
Jalan Jenderal Sudirman Kav. 52 - 53 Lot. 9
Jakarta - 12190
Phone: +62 21 290 35011
Fax: +62 21 290 35012