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.

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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.

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