Down, Astra gets profit of Rp 8.8 Trillion

JAKARTA, KOMPAS.com – PT Astra International Tbk and its subsidiaries had net profit of Rp 8.8 trillion during the first half of 2013. Net income was down 9 percent from the acquisition of the first half of 2012 which reached Rp 9.7 trillion. Earnings per share fell 9 percent to Rp 218 per saham.PT Astra International and its subsidiary, Tuesday (07/30/2013), announced a slight decrease in performance during the first half of 2013 compared to first half of 2012.
Through the release mentioned that the Astra’s net income during the first six months of 2013 amounted to Rp 94.3 trillion. Net revenue was down 2 percent compared to the same period of 2012 which reached Rp 95.9 trillion.
According to the President Director of PT Astra International Prijono Sugiarto, there are several factors that predicted to affect business performance in the second half of 2013.
Factor in question is increased competition in the automobile market, rising labor costs, and declining commodity prices. As for his own prospects for domestic demand continued to grow.
There are six core business lines are the focus of Astra Group, the automotive division, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, and information technology.
Two division increased net income, namely financial services division rose 19 percent to Rp 2.1 trillion and information technology division rose 2 percent to Rp 55 billion.
Net income and mining equipment division fell 24 percent to Rp 1.4 trillion. Agribusiness division net income fell 25 percent to Rp 571 billion.
Meanwhile, the automotive division’s net profit fell 10 percent to Rp 4.4 trillion. Demand for motor vehicles during the first 6 months of 2013 remained high.
Based on data from the Association of Indonesian Automotive, car sales in Indonesia in the period January to June 2013 reached 601 952 units. The sales figures increased compared to the same period in 2012 to reach 535 261 units.
Increased income and affordability levels still remain high interest rates support demand for motor vehicles. Automotive segment net profit decline due to increased competition due to an increase in domestic production capacity and high labor cost.
Of total national car sales of around 602,000 units, Astra’s car sales rose 6 percent to 321 000 units. Market share declined from 56 percent to 53 percent.
Astra Toyota Agya and Astra Daihatsu Ayla?-Products of energy-efficient cars and affordable (low cost green car / LCGC)-Astra Group is expected to begin to be distributed in August 2013 with a production capacity of 10,000 units per month.
Meanwhile, the Indonesian Consumers Foundation (YLKI) asked the government to revise the regulations concerning the total cars energy efficient and environmentally friendly.
“It should be given incentives are public transport, not private vehicles,” said board member daily YLKI, Sincere Abadi.
According YLKI, policy-efficient cars can be accepted if the transport system in the large cities is adequate and integrated. Regulation efficient cars is currently not on time because it is still poor public transport infrastructure in Indonesia.

Charlotte-area home prices rise 7.1% in May

Charlotte-area yearly home price gains slowed in May for the first time in 11 months – a sign that the local housing market might be cooling off.

The closely watched Standard & Poor’s Case-Shiller indexes, released Tuesday, showed prices of existing Charlotte homes increased 7.1 percent from a year ago, down from April’s year-over-year increase of 7.3 percent.

On a national level, average home prices have returned to spring 2004 levels, according to Case-Shiller. Across 20 U.S. cities, May home prices rose 12.2 percent, their largest yearly increase since March 2006, but remain about 25 percent below June-July 2006 peaks.

While the data show the local and national housing sector is healthier than during the depths of the downturn, David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said U.S. home price growth isn’t expected to stay at current levels.

“I don’t think we’re going to sustain double-digit annual rates of increase over the long haul,” he said in a phone interview. “Over the next year to year and a half, the rate of increase is going to slow down for almost all the cities.”

In Charlotte, home prices have been rising as inventory shrinks and brokers report some listings resulting in competing bids. A year ago, Charlotte brokers say, competing bids would have been virtually unheard of.

Existing Charlotte-area homes are also selling faster than they were a year ago, according to the Charlotte Regional Realtor Association. In June, it took 93 days on average for a home to sell, a decline of 16 percent from June 2012.

Despite signs of a strengthening market, some Charlotte sellers have had to lower prices this summer after failing to attract buyers.

Such reductions are helping to keep price increases in check.

Mark DuPont, 68, listed his home in the Downs Grant neighborhood for $247,500 July 6, but has since slashed that to $237,500.

“It was way overpriced for the area,” DuPont said Tuesday. “I really thought I would get more interest than I did.”

After lowering the price and putting the home on the local multiple listing service, he’s getting more inquiries, he said. Since last week, there have been five showings but no offers, he said.

“I think it will sell,” he said.

Holly Corbit also had to lower the price of the Cameron Wood home she owns with her husband. The couple listed it June 2 at $230,000 after putting in new appliances and making other upgrades to the home, which was built in 1988.

“We thought we were competitively priced within our neighborhood,” she said.

They received no offers and, worried that there would be less interest in buying homes after the summer ends, put it on the multiple listing service and dropped the price to $215,000.

“We were concerned about bringing it down significantly,” she said. “But we said, ‘Well, we’ve got to get offers.’ ”

About four days later, a flurry came in, she said. The house is now under contract.

As to why the home didn’t sell at $230,000, she speculated that buyers are still trying to find a bargain.

“They’re just trying to chisel down as low as they can go,” she said.

Rising mortgage rates

Rising mortgage rates are also creating uncertainty about the housing market. According to Freddie Mac, the government-controlled mortgage-finance company, the average rate for a 30-year, fixed-rate mortgage in July is 4.37, up from 3.55 the same month last year.

On Monday, the National Association of Realtors’ chief economist said its index of pending sales dropped 0.4 percent in June from May. Lawrence Yun, the association’s economist, blamed higher mortgage rates and lower inventory of homes for sale.

In Charlotte, monthly price gains tapped on the brakes in May, according to Case-Shiller, which does not track sales of newly built homes in its indexes.

Prices rose only 0.1 percent from the month before, after a 1 percent increase from March to April.

The same trend took place in the U.S. Across the 20 cities, May prices rose 2.4 percent from April, down from a 2.6 percent rise from March to April.

Blitzer, of Case-Shiller, said the decline was not significant.

As mortgage rates go up, he said, “that will dampen housing.”

But the housing industry won’t “fall off a cliff” as a result, he said.

“It’s likely to be much more gradual. If past patterns are any indication, a lot of people will shift from fixed-rate loans to adjustable-rate loans. I don’t see any reason why we wouldn’t see it again.”

First semester of 2013, Pertamina EP Records Profit of Rp 10 Trillion

In the first half (I) 2013, PT Pertamina Exploration and Production (EP) posted a profit of Rp 10 trillion more. Targeted for this year, a subsidiary of state-owned PT Pertamina is able to reap a profit of Rp 18 trillion.
Public Relations Manager of PT Pertamina EP, Amperianto Agus told reporters in Jakarta, Saturday (3/8) night suggests, corporate profits optimistic embrace of it is based on the production performance of oil and gas corporation that produced it.
He said that the present level of oil production per day PT Pertamina EP reached 132 thousand barrels. The expected production rate constant and even increases with the exploration and discovery of new reserves by corporations. “In 2012, corporate profit reached Rp 21.5 trillion,” he said.
This year profit target of Rp 18 trillion does not mean a decrease compared to last year. Agus argues that profits surge last year in addition to the corporate consistency in producing oil and gas, as well as exchange rate differences and the rise in oil prices in the international market.
“Target profit last year (2012) amounted to Rp 17 trillion,” he added.
Most of PT Pertamina EP oil fields located in Sumatra, especially in Jambi, South Sumatra, North Sumatra, and Riau. Pertamina EP also has oil fields in West Java, Central Java and East Java.
“We’re also there is quite a large project in Central Java and East Java. BUT, it is where the gas production is later used to supply gas power plant Tambaklorok Semarang. If that was to be our gas production, is estimated to be saving USD 2 billion of fuel conversion used oil to gas power plant Tambaklorok Semarang, “he explained.
As a subsidiary of PT Pertamina engaged in the upstream oil and gas sector, according to Agus, operational and corporate performance requires the support of many parties, especially the government and society.
Oil theft cases in a massive scale in the pipeline Tempino-Plaju South Sumatra should not happen in other places. In the pipeline along the 265 kilometer (KM), he said, about 75% have been embedded in the ground at the depth of 1.5 meters to 2 meters.
“But, it remains stolen. Trick with building above the oil pipelines, oil pipelines and oil drilled and taken,” he said.

Modernland Record Profit of Rp 260 billion, Jumped 250%

Property company, PT Modernland Realty Tbk (MDLN) earned a net profit of Rp 260 billion during the year 2012, surging 250% from the previous year’s profit of Rp 74 billion. Earnings per share also increased from Rp 24.26 per share to Rp 41.57.

The increase in net income was driven by the increase in total revenue in 2012 amounted to Rp 1.06 trillion from the previous year sebesaar revenue of Rp 504 billion. This was conveyed by the company in its disclosure to the Indonesia Stock Exchange (BEI), in Jakarta, Tuesday (03.19.13).

The amount of revenue sustained by net sales in 2012 amounted to Rp 1.01 trillion, which was also up from the previous year of Rp 468 billion.

Also supported the acquisition of the company’s revenue from the golf course and restaurant business Club House in 2012 amounted to Rp 37.76 billion. That was up from the previous year of Rp 36, 44 billion.

Of a business acquisition also sustain revenue of Rp 7.48 billion in 2012. Meanwhile, the cost of sales also increased from Rp 238 billion in 2011 to Rp 556 billion in 2012.

CIMB Group Raup RM 4.35 Billion Profit for 2012

CIMB Group Holding Berhad announced a net profit of RM 4.35 billion in fiscal year 2012. This figure is up 7.8% over the same period the previous year.

“We return a high profit for FY12 because almost all business units to increase revenue numbers,” said Group Chief Executive, CIMB Group, Dato Nazir Razak in Kuala Lumpur, Malaysia, Wednesday (04/17/2013).

Recorded earnings are equivalent to net earnings per share valued at 58 cents and the rate of return on equity of 16%.

The company achieved net profit in the fourth quarter of FY12 stood at RM 1.082 billion, or 5.3% lower than 3Q12 net income, and lower by 4.5% from 4Q11 net profit, amounting to RM 1.133 billion.

“CIMB Group’s revenue in FY12 experienced increased 11.3% over the same period previous to RM 13.495 billion,” he added.

Net interest income rose by 10.6% while non-interest income increased 12.7% due to capital market transactions exceeded the highest plus increasingly aggressive treasury market activities.

“Without taking into account the advantages and CIMB Aviva deconsolidation amounted to RM250 million in 4Q11, an increase in non-interest income amounted to 19.8%,” said Nazir.

Increase in CIMB Group’s profit before tax was higher by 9.1% to RM 5.678 billion.

“Profit before tax generated regional consumer banking unit of CIMB Group in 2012 rose 23.9% to RM 2.323 billion,” he said.

PT CIMB Niaga Tbk (BNGA) to contribute pre-tax profit by 34% to CIMB Group. 2015 is expected to increase to 40%.

“I think 2015 could be 40 percent,” said Razak.

Even so, the Group has no plan to add an injection of capital into CIMB Niaga. “If Mr. Arwin capital may ask, but I think it has been pretty,” he continued.

Nazir said the target is given as see good prospects in the banking market in Indonesia.

“We see the ratio, very attractive. Terms of the macro-economy is also growing rapidly. Macro management and banking regulation is good,” said Nazir.

On the same occasion, President Director of CIMB Niaga, Arwin Rasyid, said CIMB Niaga has committed to continue to develop products and services micro and small enterprises (MSEs) in Indonesia while maintaining good credit quality.

“Our initiative is in line with Bank Indonesia regulations that establish bank credit portfolio in the MSE sector by 20 percent in stages by 2018,” said Arwin.

Responding to these rules, the CIMB Group is also committed to undergo such a rule.

“The rule is good, we will obey it,” he continued.

Cable Industry Optimistic ASEAN Free Trade Deal

Jakarta-As preparations for the ASEAN Economic Community in 2015, Vice Minister of Commerce visited the factory wiring Krisnamurthi PT Supreme Cable Manufacturing Commerce (Sucaco) Tbk. Wires and electronic equipment is one sector which is set by default in the free trade in the region.
“It turns out we are ready to face competition because the company is apparently one of the best in ASEAN,” said Bayu at the factory Sucaco in Daan, West Jakarta, Monday, July 29, 2013. Factory covering an area of ​​14 haktare was already 41 years old and is one of the oldest cable factory in Indonesia.
According to Bayu, PT Sucaco been exporting its products to Japan and other countries in the Middle East are taking a higher standard of ASEAN. However, exports are now stalled because the domestic market absorbed all of its products.
As the economy grows, the need for cables and equipment in the country is growing. This additional requirement apparently was overtaken by the domestic industry in which the culprit was more than 100 companies.
As a result, Indonesia’s trade balance was a deficit of electronic products. Last year for example, the Central Bureau of Statistics noted that the export cable and electronic products only reach U.S. $ 7 billion, while imports reached U.S. $ 15 billion.
Jamallulail Noval, Chairman of Cable Manufacturers Association (Apkabel) states, the main obstacle in the cable industry is the issue of raw materials. Although Indonesia is producing copper and aluminum, but in fact the cable industry still has to import both these metals. “Because here there is no industry median, so it should be processed beyond the first,” he said.
Another problem, the import of raw materials seengah so it turned out to be between 10-15 per cent import duty. “It’s somewhat reduces our competitiveness for export markets,” said Noval.

Market Down, Kalla Toyota Remain Optimistic

MAKASSAR, – Automotive Market this year was not as predicted. Previous dealers predict car sales in mid-year will be better, the reality is not as expected.
Based on data Polreg call centers in Sulawesi (except Sulawesi), the automotive market in April 2013 and May recorded as many as 4,800 units 4,596 units. In June this year, the market fell again to number 4,278 units.
Director of Operations Kalla Toyota, Hari Kaimuddin said, although the total market has decreased, it remains optimistic sales recorded this year is better than last year.
“Last month we try to be optimistic if the market rose in June. Moreover, it is always the beginning of the year sales fell. But it turned down (June). Bgitu However, we remain optimistic,” he said last weekend.
Kalla Toyota as the Toyota dealership in Sulawesi (except Sulawesi) in June 2013 posted sales of 2,281 units. Slightly decreased from the previous month’s sales are recorded 2,344 units.
“In terms of sales are down, but in terms of market share, Toyota rose to 53.4 percent,” he said.

Earn Income AXA Mandiri Rp 1 Trillion in 2012, Up 20%

PT AXA Mandiri Financial Services (AXA Mandiri) net profit in 2012 reached Rp 1 trillion, an increase of 20% compared to net income in 2011.

In addition, the company recorded total premiums amounted to Rp 5.67 trillion during 2012, an increase of 17% compared to premium income in the same period in 2011.

In 2012, AXA Mandiri has recorded an increase in funds under management by 30% from the previous year to Rp 13.8 trillion. The increase in total assets triggered AXA Mandiri increase by 24% with the acquisition of 2012 reached Rp 14.3 trillion

AXA Mandiri President Director Jon Sandham in the exposure of the company’s performance in Jakarta today explains, AXA Mandiri profit growth is influenced by the level of customer persistency which further premium payments increased 59% over the previous year.

In addition to the investment performance recorded significant growth with the growth of investment was 64% compared to the previous year.

“AXA Mandiri’s performance during 2012 has shown significant positive growth and of course this is thanks to the solid cooperation between the two shareholders, namely Bank Mandiri as the largest bank in Indonesia with a wide network and a global AXA experienced in managing life insurance,” says Jon in a written statement on Tuesday (4/30/2013)

Growth in net income and assets further strengthens the company’s financial health conditions AXA Mandiri, visible from the capital adequacy ratio has considered aspects of risk (risk based capital / RBC) which reached 368% for the conventional portfolio and achieve 81% to fund tabarru ‘of sharia portfolio.

These figures far exceed the minimum requirements required by the regulator that is 120% for the conventional portfolio and 15% for the portfolio of Shariah. Even compliance adequacy ratio of 30% for new Shariah portfolio required at the end of 2014.

“The figure shows that AXA Mandiri is able to provide protection and client obligations on the requirements set by the regulators,” said Chief Financial Officer of AXA Mandiri Iwan Pasila.

Business growth throughout 2012, the company claims to be the market leader in Indonesia bancassurance. AAJI report on the third quarter of 2012 showed AXA Mandiri is located at the top of the bancassurance market share of 34.1% by Weight New Business Premium.

AXA Mandiri will continue to enhance the company’s growth and its commitment to utilize its financial strength in order to improve service to customers and support sales reps.

“This includes providing services proactively reach customers as services that directly serve the customer makes a claim on health care for example through our Care Corner in RSPP,” said Jon.

Batik entrepreneurs Complaining Export Difficulties

Batik entrepreneurs of small and medium scale industries in Surakarta complain of difficulty for export. Difficulties due to the high export standards applied by the government, such as production standards, labels, and hospitable environment. To meet the standards, the costs are also not small.
»What we regret, government implement high standards and difficult to batik to be exported. Though Indonesian batik, “said the owner of batik Lor Market Ing, Widhiarso, as marketing strategy discussions batik in the international market at the Islamic University of Batik (UNIBA) Surakarta, Tuesday, July 30, 2013.
On the other hand, the government seemed to ease the entry of goods imported into Indonesia. As a result, Indonesia is controlled by imported products, including batik textiles. “Unfortunately, our society is happy with smelling product imports.”
He asked the government to facilitate the export process for batik. As a cultural heritage of Indonesia, batik role introduced and became an icon of Indonesia in the international world. He admitted during the batik entrepreneurs, especially in the village of batik Laweyan, have attempted to adjust to the foreign buyer. For example about the style, quality, and environmentally friendly production processes. According to him, the government rules actually hinder exports.
Other batik entrepreneurs, Achmad Soelaiman, said other challenges batik exports come from the country of destination. As in Malaysia which forbids existing Indonesian batik products into the country. »The goal is to protect their batik industry based in Terengganu and Kelantan,” said Puspa Kencana batik owners.
For that, he tried to outsmart by offering a white cloth as raw material of batik in Malaysia. Malaysian batik entrepreneurs usually bring a white cloth from Thailand and China.
Having established the business long enough, eventually he gained the confidence to produce Malaysian batik in Indonesia. »Then exported to Malaysia,” he said. He added, Laweyan batik entrepreneurs actually start exporting batik since the 1970s, although the numbers are limited.
Lecturer UNIBA Surakarta, Siti Endang Rahayu, said sales of batik Laweyan quite encouraging. To prevail in the international market, he advises entrepreneurs batik attention to culture in the country of destination, the efficiency of the production process to improve competitiveness, and look at the rules. For example, should not be using a mixture of certain ingredients in the production process.

Pawnshops profit vanish 20%

Pawn PT (Persero) recorded a decline in first-half profit in 2013 amounted to Rp718 billion. The decline equivalent to 22 per cent, compared with the previous acquisition of Rp929 billion.

Director of Mortgage Finance Agus Dwi Pramoedya said the decline in profit due to the decline in gold prices Pawn. “Earnings in the first half we declined, due to the decline in gold prices greatly affect the performance, so terkspos pawnshops with gold prices, gold prices fell borrowing had come down,” said Dwi on Pawn Headquarters, Jakarta, Thursday (01/08/2013).

Dwi explained, for income, Pawn still recorded an increase. Where the report in June of this year recorded revenue Rp 4, 1 trillion, or an increase of 6.5 percent over the same period last year, which is Rp3, 8 trillion.

While the number of assets, Dwi said today there was an increase in total assets Pawnshops, where the current total assets Pawn Rp33 trillion, up 13 percent compared to last year’s total assets amounted to Rp29 trillion.

“Customers we still rose to 14.4 million compared to June last year, there was an increase of 5 per cent, last year’s 13.7 million customers,” he added.

Further Dwi, turnover Pawn until June submit their increased 6 percent to Rp46 trillion last year reached Rp43 trillion.

Meanwhile, the increase in Islamic mortgage that has increased 8.6 percent, where as of June this Pawnshops scored 6 trillion last year compared with the same period amounted to Rp 5, 5 trillion.

“Operating revenues actually still rising, with the increasing number of our customers, it looks the business we’re still growing,” he said.