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Fair Indonesia Will Move the Economy

25 January 2016 News Archive |

print.kompas.com - Fair Indonesia or PRI, multiproduct large-scale exhibition, will be held at Indonesia Convention Exhibition (ICE) BSD City, Tangerang, Banten, October 20 to November 10 2016. The exhibition, which integrates the concept of shopping, entertainment, recreation, education, as well as incorporating a variety of national and international product is the first in Indonesia.

According to the Chairman of the Fair Indonesia Irwan Oetama, PRI activities to generate income. He hoped PRI provides many benefits for many people, generating a positive domino effect, which is capable of mobilizing and stimulating the economy of Indonesia. Fair Indonesia, said the Chief Executive of the PRI E Ernawan, trying to encourage the growth of the national economy through industrial MICE (meeting, incentive, convention, and exhibition) in Indonesia.

PRI will be held at the convention center and the largest exhibition and the largest in Southeast Asia, namely Indonesia Convention and Exhibition in BSD City, Tangerang, Banten, which recently won the " Best Exhibition Hall 2015" The 8th MICE Award in 2015 ago. " We are proud to be Indonesian Convention Exhibition Fair venue for Indonesia," said Marketing Manager ICE Gabrielle Angriani.

Indonesian director Teddy Surianto Convention Exhibition ICE believes that having a broad and complete facilities are the only right place for large-scale exhibitions such as the PRI.

Since officially opened by the President of Joko Widodo 2015, Indonesia Convention Exhibition has held various exhibitions and music concerts. Among these music concert singer Michael Buble, Katy Perry, Super Junior, Big Bang, Afgan and Raisa, Koma theater performances, until the auto show Gaikindo International Auto Show. 2016 is, in addition to being a place for Fair Indonesia, ICE will also be a concert band and international musicians, including Super Junior Kry and EXO (South Korea), 5 Second GF Summer

Residential Business Growth Push BSD

25 January 2016 News Archive |

beritasatu.com -

Jakarta - PT Bumi Serpong Damai Tbk (BSDE), one of the leading property companies, print pre-sales revenue (pre-sales) amounted to Rp 6.8 trillion during 2015. The growth has increased by 3.83% compared to 2014.

Most marketing sales BSD derived from residential areas, which reached Rp 4.4 trillion. The results exceeded the company' s target set at Rp 4.2 trillion.

" Growth in marketing sales of residential products also the highest, which jumped 39% compared with 2014, which stood at Rp 3.1 trillion," said Director of BSD Hermawan Wijaya in the official explanation, Sunday (24/1).

Herman explained, the increase in sales marketing company is still driven by high demand in the area of BSD City, Serpong. The regional marketing sales contributed 70.1% or Rp 4.7 trillion.

Besides BSD City, a major contributor to the increase in pre-sale company is Grand Tourism Bekasi, Kota Wisata Cibubur, Banjar Wijaya Park, and Grand City Balikpapan.

" This increase indicates that we have prepared product won the trust of consumers for its quality and superiority as a residential or investment," he said.

Meanwhile, from the other segments, the income pre-sale commercial units including plots of land, apartments, industrial estates, and shop BSD recorded last year reached Rp 2.4 trillion.

Until 30 September 2015, BSD earned income of Rp 4.6 trillion, an increase of 18% compared to the same period in 2014 of Rp 3.9 trillion. Meanwhile, the company' s net profit reached 1.7 trillion.

From the fundamental side, BSD still has a strong cash strength, which is valued at Rp 6.7 trillion. While total assets of Rp 35.6 trillion recorded until 30 September 2015.

The fundamental strength of BSD used to increase land reserves, especially the largest in BSD City location. The land purchase value reached Rp 2.07 trillion in the third quarter of last year and the acquisition was financed by cash from operating activities.

This year, the company still will continue the development of residential and commercial projects, and will replenish land banks to support the growth of sustainable performance.

KDB Daewoo Securities Indonesia in his research, said this year, the company will still rely on the project in Serpong, with a total land bank of 6,000 hectares (ha). BSD City has a competitive and attractive value with complete facilities and integrated.

The Company also boost the Serpong area with wet market expansion. Last December, the company has launched the second phase wet market in BSD City. The market stands in an area of 2.6 hectares, comprising 539 units of kiosks, counters 30 units, and 52 units of shophouses.

During this time, BSD has a wet market at Pasar Modern BSD City 1 consisting of 320 units of kiosks, 302 counters, and 100 shop to meet the needs of the fruits, vegetables, as well as household purposes.

KDB Daewoo Securities BSD predicts net income this year to grow to Rp 2.9 trillion from last year' s Rp 2.4 trillion. Foreign securities was also recommends trading buy stock BSD BSDE coded. The BSDE price target raised to Rp 2,100 from Rp 1,920.

- See more at: http://www.sinarmasland.com/site/news-media/news-archive/bisnis-residensial-dorong-pertumbuhan-bsd#sthash.k5VRk0Bg.dpuf (Australia), the exhibition Indobuildtech, Gaikindo International Auto Show, Jakarta Kids Fair, and more than 100 national and international events

- See more at: http://www.sinarmasland.com/site/news-media/news-archive/pekan-raya-indonesia-bakal-gerakkan-ekonomi#sthash.4VODOtqG.dpuf

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28-Jan-2016 18:55

Global Logistic / Global Logistic

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Looks like bottom liao hehe

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28-Jan-2016 00:09

OCBC Bank / OCBC

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Have been holding since $5 many yrs ago ..

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28-Jan-2016 00:05

CapitaLand / Capitaland

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Think can tank to 2.50

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27-Jan-2016 20:52

IPO / IPO-ing. what U should look out for...

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wanna get burn then play

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26-Jan-2016 12:54

Sinarmas Land / Tenasek into sinarmas land...how true insider news

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Sinarmas Land ramps up overseas expansion (Shareinvestor)

24 Nov 2015 09:00

By LYNETTE KHOO

SINARMAS Land, majority owned by Indonesia' s well-known Widjaja family, is speeding up its overseas expansion by riding on the momentum from its recent acquisitions in London.

The Singapore-listed developer is now eyeing more commercial assets in central London and continental Europe to beef up its international portfolio and recurring income - even as it continues to accumulate land bank in its home country.

Its first London acquisition was New Brook Buildings in 2013 which it held for only 18 months before selling for a whopping 70 per cent return on equity - a " very credible performance" for a new market entrant, in the words of group executive director Robin Ng.

" That was an opportunistic divestment," Mr Ng told The Business Times. " But it' s not a hit-and-run play. As you can see, we reinvested every single cent of the profit that we' ve made from the property that we sold. In fact, we put in more equity into the London market since we' ve completed the third building acquisition."

The group has acquired two other Grade-A office buildings in London, Warwick House in 2014 and Alphabeta Building this year, for £ 57.3 million (S$120.5 million) and £ 259.3 million respectively. The Alphabeta Building acquisition on Oct 8 is by far the company' s largest single asset acquisition.

Sinarmas Land is hoping for at least one to two acquisitions overseas each year to beef up its recurring income portfolio, which accounted for only 11.4 per cent of total revenue in the first nine months of 2015 versus its 25 per cent target.

The group also wants to shore up its international revenue to 20 per cent of total group revenue between three and five years, up from 3.2 per cent as at Sept 30.

Upcoming overseas acquisitions could take place in London or a new European city - " very likely in Germany because of the very favourable financial returns" that the company sees possible in the country.

Low-cost financing in Europe, strong blue-chip tenant profile, long leases on triple net lease basis (where tenants bear all outgoing expenses) are among conditions favouring landlords there, Mr Ng said, citing an entry yield of 5-6 per cent for Germany' s Grade-A office market and 4.5 per cent for central London offices.

In assessing its targets, the group is looking out for those that have room for capital appreciation and enhancement opportunities because they are under-rented or under-managed, Mr Ng said. But he stressed that speed of execution is of the essence as more players are eyeing the same markets.

Despite Sinarmas' aggressive overseas expansion, it still spends some S$300 million each year accumulating landbank in Indonesia even though it is still sitting on huge land reserves.

Likening the company to a " marathon runner" , Mr Ng said: " In the near term, we believe that there is still room to grow for Indonesian property prices though the pace of growth will probably be slower."

He conceded that recent demand has not been as impressive as in the heyday of 2010-2013. " In recent launches, we haven' t seen as hot subscription as in the past when you can have five times, 10 times demand over the number of residential units launched. But we have been very selective in our product launches. We try to time the market carefully in terms of our sales and we try to build our specifications around what the market likes and supplement it with amenities."

The group is slated to launch premium high-rise condominiums The Elements in Kuningan, South Jakarta next year. Last year, it launched a high-end residential development project, NavaPark, in a joint venture with Hong Kong Land in its flagship residential township project BSD City in the southern outskirts of Jakarta.

Having owned large tracts of land in Indonesia over decades, Sinarmas Land is able to unlock their value by selling land parcels at stunningly high margins of 80-90 per cent, going by recent transacted prices in its township development projects. For instance, its sale of some 68-ha of land in BSD City to its JV company with Hong Kong Land yielded a gross profit margin of 85-90 per cent it will also enjoy 51 per cent share of profits from the sale of residential units through its stake in the JV.

Mr Ng pointed out that the group' s large industrial landbank also puts it in a sweet spot at a time when many of its competitors do not have enough land to offer to foreign investors. " Some of these foreign investors that we talked to, particularly the auto manufacturers, sometimes require parcels in the likes of 40-50 hectares in order for them to build their facilities and ancillary space. In an average year, we probably sell around 100 to 150-ha of industrial land."

Industrial land sales in its industrial townships Kotas Deltamas and Karawang International Industrial City (KIIC) have seen a pickup in demand from foreign investors since Indonesia' s presidential elections last year, according to Mr Ng. The two industrial township projects are jointly developed with Japanese partners Sojitz Japan and ITOCHU Japan respectively. There are still nearly 1,800-ha of land at Kotas Deltamas and about 200-ha of land at KIIC left for development.

Since 2013, Sinarmas Land has roped in other JV partners to offer new products in its township projects, leading to the opening of Japanese Aeon Mall in BSD City in May and the opening of an exhibition hall with Kompas Gramedia Group in January. Half of the 6,000-ha of land at BSD City is left for development.

" So as you can see, as we move to a more mature stage of development in BSD City now, we start to bring in brand names from overseas to enhance the image and product quality," Mr Ng said. The group is now keen to work with international schools to set up campuses in BSD City. A second Aeon Mall is also planned for Kotas Deltamas.

A relatively young population, rising household incomes, rising urbanisation and decent GDP growth of above 5 per cent are among reasons why Mr Ng is confident of the Indonesian real estate market. In the near to mid-term, he also expects the recent stimulus packages released by the Indonesian government to boost real estate demand and consumption.

But it seems that investors have not priced it all in. Mr Ng said: " We are still a deeply undervalued stock by virtue of our conservative accounting policy whereby we take a cost basis for all our assets including land bank. At the same time, we have a very strong balance sheet, not to mention that we are still sitting on S$1.2 billion of cash."

* This article was published in The Business Times on 23 Nov 2015 and is reproduced here with permission in its entirety.

Source: Business Times

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26-Jan-2016 12:44

StarHub / Starhub

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StarHub, CDL among top 10 most sustainable corporations globally (shareinvestor)

23 Jan 2016 09:00

By Lee Meixian

TWO homegrown companies - StarHub and City Developments - have made it to the list of top 10 most sustainable corporations in the world, making Singapore the only Asian city to have representation in the top ranks alongside Western regulars.

Telco StarHub clinched eighth position, while property developer City Developments came in 10th.

The results were announced on Thursday during the World Economic Forum in Davos, Switzerland, by Corporate Knights, a Toronto-based media and investment advisory company.

Publicly listed companies with a market cap of at least US$2 billion were considered in the assessment. Companies were then evaluated across 12 key performance indicators that measure the management of resources, employees and finances.

Tan Tong Hai, CEO of StarHub said: " I am very happy that our efforts to create a sustainable future and to deliver long term value for our stakeholders are recognised. It has always been important to us to do what is right for the business, community and the environment."

In 2013, StarHub was ranked 66th in its first entry and had improved its ranking to 29th in 2014 and 24th in 2015.

Meanwhile, CDL was also crowned the world' s most sustainable real estate company. The group owes its status as a sustainability forerunner to the work of its late deputy chairman Kwek Leng Joo, who died last November from a sudden heart attack.

Mr Kwek was a well-known advocate of corporate social responsibility, especially in championing sustainability practices to be adopted by businesses. Starting from 81st position in 2010, CDL' s ranking improved to 34th in 2015 and rose to 10th in 2016.

CEO Grant Kelley said: " We are focused on sustainable development and have helped to green Singapore with more than 80 Green Mark buildings . . . Our efforts have created stronger brand equity and product differentiation. They have also given us a first-mover advantage as environmental regulations have been mandated progressively for the property sector."

Keppel Corporation also made a debut at 55th spot on the list. It was also the top industrial conglomerate, beating giants such as General Electric, which was placed 70th.

Keppel Land, a Keppel Corp subsidiary that was taken private last year, had stood in fourth place in 2015.

The company said that to communicate its sustainability strategy, it produces an annual sustainability report in accordance with global and the Singapore Exchange' s guidelines.

CapitaLand was also listed - at 93rd in the list. Tan Seng Chai, group chief corporate officer and chairman of the sustainability steering committee, said that the accolades validate its success in integrating sustainability into the business.

Toby Heaps, CEO of Corporate Knights, noted that the presence of Asian firms on the Global 100 has grown significantly since the index was first launched in 2005.

" This is a trend that is set to continue as the region develops and sustainability issues gain prominence on companies' agendas."

Four Singapore companies made it to the top 100 list in all, as did four companies from South Korea and Japan each. Nineteen companies in the US went to the list, none of which were in the top 10.

* This article was published in The Business Times on 22 Jan 2016 and is reproduced here with permission in its entirety.

Source: Business Times

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26-Jan-2016 12:17

M1 / M1

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7% dividend seems good.

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26-Jan-2016 12:15

SMRT / SMRT

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I like SMRT as a Monopoly and a company WITH PRICING POWER, we consumers complain also lan lan.

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26-Jan-2016 12:09

CapitaLand / Breaking News Capitaland Crash

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bomb shelter!

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25-Jan-2016 22:11

Neptune Orient L Rg / NOL

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they short i buy all up ^^

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25-Jan-2016 21:54

M1 / M1

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Everyday sell down, demand for it should be coming

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25-Jan-2016 21:50

DBS / DBS

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seems attractive long term

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25-Jan-2016 21:35

Sinarmas Land / Tenasek into sinarmas land...how true insider news

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feedback@sharejunction.com

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25-Jan-2016 19:34

Sinarmas Land / Tenasek into sinarmas land...how true insider news

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A series of news announcement regarding Sinarmas Land,

Sinar Mas Land Complete BSD City Courts Megastore Largest in Asia (http://www.sinarmasland.com)

Indopos.co.id - Sinar Mas Land brings the latest shopping facilities in the Courts Megastore BSD City officially opened on 23 January 2015. Built on an area of 22 694 square meters, with 20,400 square meters of a shopping mall, which also incorporates support office at once distribution center covering an area of 4,650 square meters, making it a megastore Courts Megastore in Asia.

Courts Megastore in BSD City offers a wide range of houseware products and lifestyle under one roof, providing more than 5,000 of products from hundreds of well-known brand with a composition of 60 percent local and 40 percent international products, ranging from electronics, IT, product home appliances, and furniture.

Isaac Chandra, CEO of Corporate Strategy and Services Sinar Mas Land said, Sinar Mas Land in collaboration with Courts presenting Courts Megastore in Asia to provide convenience as well spoil the public in the area of BSD City and area development around them who need diverse needs of household appliances, electronic devices as well as the best furniture.

" The development process has been completed and the building is the largest in Asia Courts Megastore is ready to be opened officially on January 23, 2015," said Ishak Chandra, Saturday (23/1).

Scheme Build to Suit for Courts Megastore

Cooperation Sinar Mas Land and Courts Courts Asia Limited (" Courts Asia" and together with its subsidiaries, " the Group" ), one retail company for electronic products, information technology (IT), home appliances and the leading furniture in Southeast Asia Courts Megastore presents the largest in Asia in BSD City began with the signing of a Memorandum of Understanding (MOU) in July 2013.

Scheme ' Build-to-suit' is a concept arrangement in which a developer (usually the owner of the land) to finance and construct the building in accordance with the needs of tenants. These places will be leased back to the tenant under a long-term lease agreement.

In this case, the Sinar Mas Land has been appointed to undertake the construction of the two Courts Megastore in accordance with requirements, backed by the reputation of Sinar Mas Land reliable as a property developer in Indonesia, with a strong financial capability, and wide area networks.

Ishak Chandra further explains, the scheme ' Build to Suit' is a breakthrough concept, where we are working closely with the Courts to develop facilities that are built to order and the needs of tenants that will lead to innovative retail concept called life.

Courts Megastore BSD City Ready to Operate

Courts Megastore in BSD City provide a comfortable shopping experience for consumers through a unique five zones, namely ' Live zone' , ' Play zone' , ' Relax zone' , ' Sleep zone' , and Market Hall. In addition, the one that makes the famous Courts is the theme of ' home to an innovative retail concept' which provides the facility to customize Design Your Sofa sofa, Protect U for cleaning sofas and mattresses as well as the Courts Kitchen for cooking demonstrations. To give more value to consumers, Courts guarantee the lowest price of products with a refund of the difference in price through the facilities of Courts Price Promise, and ease of payment gradually through the facilities of Courts Flexi Plans.

" We are pleased and grateful to be able to open our megastore that the second, after the first in Kota Harapan Indah, Bekasi in October 2014. In addition Courts office has moved to BSD City, it is that where we are closer to the community and consumers, " Roy said Santoso, Country CEO of PT Courts Indonesia Retail.

Carrying the reputation as one-stop shopping destination, Courts Megastore in BSD City worked with various partners in the service industry lifestyle, food and beverages. In tenant areas currently only about 10% of tenants, including the Food Court which is managed by the Courts, salon, children' s play area and so forth. This area will be filled on a regular basis until mid-2016.

" Indonesia is a growth driver for the Courts. Since it first entered Indonesia in 2014, now has five stores Courts (consisting of 2 megastore and 3 shops). And we plan to open twelve stores in 2018. This proves the commitment Courts in serving the needs of the people of Indonesia, " added Roy Santoso.

BSD City Best Choice for Courts Megastore

One reason Courts Megastore opened its second in BSD City is due to economic and population growth. With the economic growth rate of 8.7% - well above the national economic growth, South Tangerang become one of the developed regions with rapid economic growth. According to BPS data, the population of South Tangerang City in 2014 reached 1,492,999 inhabitants with a population density of 10,143 inhabitants per square kilometer.

BSD City is believed as one of the ' Satellite City' of Jakarta, which was originally intended to be an independent city, where all facilities are provided in the city, including industrial estates, offices, commerce, education, tourism, as well as housing. It is estimated that more than 150,000 new homes or more than a million will be in BSD City, in the coming decades.

Infrastructure and facilities to cope with urbanization and modernization in BSD City also highly visible development, this is evidenced by the access trasnportasi that can be passed through two toll roads namely Jakarta-Tangerang toll road and toll road Bintaro - Serpong. Moreover, it can also be accessed by public transport, shuttle bus / feeder busway, commuter line, and other city transport. (RMN)

Bumi Serpong Damai (BSDE) Raup Rp 6.8 Trillion Sales Marketing Throughout 2015

Bisnis.com, JAKARTA - PT Bumi Serpong Damai Tbk. (BSDE) posted revenue of pre-sale or pre-sales amounted to Rp6.8 trillion in 2015.

Director of Bumi Serpong Damai, Hermawan Wijaya, said the number grew 3.83% compared with the period mengimbuhkan 2014. He contributed as much as 70.1% of revenues from the sale of property in the area of BSD City, Serpong.

" This increase indicates that we have prepared product won the trust of consumers for its quality and superiority as a residential or investment," he said in a press release received Bisnis.com, Sunday (24/01/2016).

Besides BSD City, pre-sales revenue also contributed by property projects in Grand Wisata Bekasi, Kota Wisata Cibubur, Banjar Wijaya Park, and Grand City Balikpapan.

By segment, revenue from sales of residential property reached Rp4.4 trillion, exceeding the target of Rp4.2 trillion. Meanwhile, property sales in the commercial segment recorded Rp2.4 trillion.

Hermawan said, this year the company is going to continue the development of residential and commercial projects.

- See more at: http://www.sinarmasland.com/site/news-media/news-archive/bumi-serpong-damai-bsde-raup-marketing-sales-rp-68-triliun-sepanjang-2015#sthash.KlrCq8E4.dpuf

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