Fast moving consumer goods company Kino Indonesia experienced a turbulent month in September following a Supreme Court decision in response to a lawsuit filed by UK citizen Russel Vince. Jakarta's Supreme Court agreed that the logo of the brand Larutan Cap Kaki Tiga, which is produced, distributed, and sold by Kino Indonesia under a license from Singapore-based Wen Ken Drug Co. Pte. Ltd, too closely resembled the Isle of Man's triskelion flag and therefore it prohibit the use of the logo.

Lanjut baca ›

Cosmetics and household goods producer Kino Indonesia, which conducted an initial public offering (IPO) on the Indonesia Stock Exchange in late-2015, is expected to post good net profit growth in 2016. Last year the company's net profit surged a whopping 153 percent (y/y) to IDR 263 billion (approx. USD $20 million) due to higher selling prices and lower production costs. In 2016 Kino Indonesia's net profit is expected to grow 44 percent (y/y) to IDR 378 billion. Therefore Indopremier Securities advises investors to buy Kino Indonesia's shares.

Lanjut baca ›

Before the end of the year, fast-moving consumer goods (FMCG) company Kino Indonesia plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company aims to raise around IDR 1 trillion (approx. USD $74 million) by offering 228.6 million new shares, equivalent to 16 percent of its enlarged capital, to the public. The price range of has been set between IDR 3,750 and IDR 5,225 per share. Credit Suisse, Deutsche Bank and Indo Premier Securities launched the float on Tuesday (10/11) with book-building to continue until 20 November.

Lanjut baca ›