Below is a list with tagged columns and company profiles.

Today's Headlines SMGR

  • Semen Indonesia: Rising Cement Sales, Sliding Market Share

    Semen Indonesia: Rising Cement Sales, Sliding Market Share

    Indonesia's largest cement producer Semen Indonesia sold 28.96 million tons of cement in full-year 2017, up 10.2 percent year-on-year (y/y) from sales in the preceding year. Domestic cement sales of Semen Indonesia reached 27.09 million tons in 2017, up 5.5 percent (y/y). This is slightly below the nation's average: in full-year 2017 total cement sales in Indonesia rose 7.6 percent (y/y) to 66.4 million tons.

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  • Semen Indonesia to See Cement Production Capacity Rise in 2017

    Semen Indonesia to See Cement Production Capacity Rise in 2017

    Indonesia's largest cement producer Semen Indonesia, which controls about 41 percent of the domestic cement market, targets to have raised its annual installed cement production capacity to 37 million tons by September 2017. Johan Samudra, Director of Production and Business Strategy at Semen Indonesia, said the company's production capacity currently stands at 32-33 million tons.

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  • Semen Indonesia Creates New Unit, Sees Consolidation in Cement Sector

    Semen Indonesia Creates New Unit, Sees Consolidation in Cement Sector

    Indonesia's leading cement manufacturer Semen Indonesia created a joint venture (JV) together with its subsidiary Semen Indonesia Beton. This JV - named Semen Indonesia Industri Building - is active in the building materials sector. Semen Indonesia controls 99 percent of the shares in this new entity, while Semen Indonesia Beton owns the remaining 1 percent.

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  • Bond Sale Semen Indonesia Oversubscribed 1.3 Times

    Bond Sale Semen Indonesia Oversubscribed 1.3 Times

    Bonds of Indonesian cement manufacturer Semen Indonesia are subscribed 1.3 times. Semen Indonesia Finance Director Darmawan Junaidi said the company planned to sell IDR 3 trillion worth of five-year bonds (8.6 percent coupon), but demand reached IDR 4 trillion. Most demand originated from domestic financial institutions such as banks, insurance and pension funds.

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  • Cement Consumption in Indonesia Continues to Rise in May 2017

    Cement Consumption in Indonesia Continues to Rise in May 2017

    In May 2017 Indonesia's national cement consumption extended the rise that started in the preceding month supported by a recovery in the property sector and infrastructure development projects. Based on data from the Indonesian Cement Association (ASI), cement demand grew 7 percent year-on-year (y/y) to 5.47 million tons in May. Meanwhile, cement sales rose 4.1 percent (y/y) to 25.26 million tons in the January-May 2017 period.

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  • Semen Indonesia Eyes Two New Cement Factories in Aceh & Kupang

    Semen Indonesia Eyes Two New Cement Factories in Aceh & Kupang

    Indonesia's largest cement manufacturer, Semen Indonesia, plans to establish two new cement factories - one in Aceh (Sumatra) and one in Kupang (East Nusa Tenggara) - in order to strengthen the company's portfolio and distribution network. Semen Indonesia is currently conducting further studies to determine strategies to realize its plans.

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  • What Were Indonesia's Most Profitable Listed Companies in 2015?

    What Were Indonesia's Most Profitable Listed Companies in 2015?

    In 2016 listed companies on the Indonesia Stock Exchange have a more expansive attitude compared to the preceding year, reflected by plans to raise capital expenditure. Plans for business expansion are supported by Indonesia's expected accelerating GDP growth in 2016, people's improving purchasing power, government-led infrastructure development (that should cause a multiplier-effect in the Indonesian economy), and the economic reforms that are set in the series of economic stimulus packages that have been released by the Indonesian government since September 2015.

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  • Company Profile Semen Indonesia: Preparing to Accelerate Growth

    Company Profile Semen Indonesia: Preparing to Accelerate Growth

    Sales of Semen Indonesia, Indonesia's leading cement producer, are expected to remain stagnant in 2015 despite recently rising cement demand due to the kick off of various government-led infrastructure projects. In the January-October 2015 period, the company's cement sales fell 2 percent compared to sales in the same period last year. On a positive note, Semen Indonesia's cement sales in October surged 10 percent to 2.7 million tons compared to the same month one year earlier. But with two months remaining it is not expected that the company's sales will significantly rise from last year's sales (26.6 million tons).

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  • Infrastructure & Property Development: Indonesian Cement Firms Benefit

    Cement sales in Indonesia are expected to rise as the new Indonesian government aims to ramp up infrastructure development while - in the long term - Indonesian banks will lower interest rates. Lower interest rates give rise to enhanced property development in Southeast Asia’s largest economy. The country’s three leading cement producers are expected to benefit significantly from these developments. These companies are Semen Indonesia, Indocement Tunggal Prakarsa, and Holcim Indonesia.

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  • Update on Indonesian Cement Industry: Prospects for 2014 and Beyond

    Indonesian cement sales fell 25 percent to 3.7 million tons in July 2014 from 5 million tons in the same month last year. This sharp decline is attributed to the Lebaran holiday (also known as Idul Fitri in which Muslims celebrate the end of the fasting month) when businesses are closed as well as Indonesia’s July 2014 presidential election. Slowing cement sales are also caused by declining economic growth (5.12 percent yoy in Q2-2014). Cement sales are a key indicator for construction activity (infrastructure and property development).

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Latest Columns SMGR

  • Cost Efficiency High on the Agenda of Indonesia's Cement Producers

    Cost Efficiency High on the Agenda of Indonesia's Cement Producers

    Over the past five years Indonesia's annual cement production capacity surged to above 100 million tons, while domestic cement consumption has difficulty to reach beyond 65 million tons (and Indonesia exports relatively few cement). The subsequent oversupply condition puts significant pressure on cement prices. So, what are the strategies of Indonesian cement producers in 2018?

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  • Cement Sales Indonesia Rise Slightly in 2016, Exports Surge

    Cement Sales Indonesia Rise Slightly in 2016, Exports Surge

    Cement sales in Indonesia weakened 5.4 percent month-on-month (m/m) - or 5.3 percent on an annual basis - to 5.7 million tons in November 2016. However, in the first 11 months of 2016 Indonesian cement sales reached a total of 56.5 million tons, up 2.8 percent (y/y) from domestic cement sales in the same period one year earlier. This modest growth is supported by government-led infrastructure development as well as smelter and power plant development. The housing market, however, remained flat. Also intense rainfall managed to curtail the progress of projects. Below, a snapshot of our latest report.

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  • Cement Sales Indonesia Down, Semen Indonesia Loses Rembang Case

    Cement Sales Indonesia Down, Semen Indonesia Loses Rembang Case

    Cement sales in Indonesia - a key indicator to measure the state of infrastructure and property development - declined 3.3 percent year-on-year (y/y) to 5.64 million tons in September 2016. This decline was attributed to fewer cement demand from the property sector (housing and apartments). Meanwhile, shares of state-controlled cement maker Semen Indonesia fell 2.91 percent on Tuesday (11/10) after Jakarta's Supreme Court revoked the environmental permit for the company's USD $320 million cement plant in Rembang (Central Java).

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  • Cement Industry Update: Semen Indonesia in a Good Position

    Cement Industry Update: Semen Indonesia in a Good Position

    As cement sales in Indonesia are expected to rise nearly 10 percent (y/y) to 66.4 million tons in 2016 on the back of government-led infrastructure development, investment growth and accelerating GDP growth, three cement producers are set to benefit. The three market leaders in Indonesia's cement industry that should see higher sales are Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia.

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  • Indonesian August Cement Sales Rise on Property & Infrastructure Projects

    Indonesian August Cement Sales Jump 37% on Property & Infrastructure Projects

    Indonesian cement sales jumped 37.4 percent (year-on-year) to 4.7 million tons in August 2014 due to higher cement demand from Indonesian property and infrastructure developers. Widodo Santoso, Chairman of the Indonesian Cement Association (ASI), said that the development of smelters, power plants, apartments, hotels, and social housing has been key to improved cement sales last month. However, the 37.4 percentage point growth was also caused by fewer working days in August 2013 as the Lebaran holiday fell in that month.

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  • Foreign Investors Push Indonesia’s Jakarta Composite Index Up

    Although at the end of Wednesday’s trading day (11/06) Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) was up, the index had been moving in the red zone during most of the day. Moreover, the index did not get support from the Indonesia rupiah exchange rate nor did it get support from Asian stock indices which tended to decline after yesterday’s weakening indices on Wall Street. Fortunately, foreign investors recorded net buying, thus contributing to the 0.52 percent growth of the IHSG to 4,971.95 points.

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  • Along Slowing Economy and Floods Indonesia's Cement Sales Decline

    Along Slowing Economy and Floods Indonesia's Cement Sales Decline

    Indonesia's cement sales in January 2014 declined 1 percent to 4.65 million metric tons from the same month in 2013 (4.68 million metric tons). The decline was caused by severe floods brought about by high rainfall amid a peak in Indonesia's rainy season. The floods resulted in disrupted distribution networks, therefore blocking cement shipments to retailers. Moreover, these weather conditions caused the postponement of several construction activities, thus reducing demand for cement.

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  • Indonesia's Falling Cement Sales in August 2013 Indicate Slowing Economy

    Indonesia's Falling Cement Sales in August 2013 Indicate Slowing Economy

    According to data from the Indonesian Cement Association (ASI), domestic cement sales have fallen 5.8 percent to 3.3 million tons in August 2013 (from the same month last year). Being an important indicator of economic expansion (as cement sales inform about the development of property and infrastructure projects in the country), these lower cement sales confirm the slowing pace of economic growth in Indonesia. Compared to July 2013, cement sales in Indonesia fell by a massive 32 percent.

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  • Top Ten Largest Companies in Indonesia by Market Capitalization

    Top Ten Largest Companies in Indonesia by Market Capitalization

    Indonesia's largest company by market capitalization is still HM Sampoerna, the country's largest tobacco company. The company has been the top company in Indonesia since March 2013 when it replaced Astra International, Indonesia's largest diversified conglomerate, on the top spot. Astra had been Indonesia's largest company since 2010. Currently, the third-largest company in terms of market capitalization is Unilever Indonesia. Unilever, which is Indonesia’s largest consumer goods producer, jumped four places in the ranking since late 2012.

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  • Indonesia's Main Stock Index (IHSG) Continues its Fall on Tuesday

    For three consecutive days, Indonesia's main stock index (IHSG) had to cope with significant losses. On Tuesday (11/06), the index fell 3.50 percent to 4,609.95 points, considerably below its record high level of 5,214 on 20 May 2013. Foreign investors recorded a net sell of IDR 3.98 trillion (USD $406.1 million) as domestic conditions in Indonesia are unstable. Moreover, investors are concerned about governments (USA and Japan) that want to slow down their stimulus programs as various economic data are showing positive outcomes.

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