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Signs MOU with Garuda Indonesia to Develop Bintan Island into a world class centre for the aerospace industry, as well as a tourism and aviation hub. The island located in the Riau archipelago of Indonesia will be Garuda's new hub and its centre for aircraft maintenance. The first development phase of $300m to be invested over two years in an initial 500-ha facility will include one runway and one terminal, which will be connected to the ferry terminal with services to Singapore and Batam. The two groups will set up a JV company for the maintenance, repair and overhaul of aircraft and components at Bintan Aerospace Industry.
If no economic meltdown, election year will be a bombastic year for stock market.
Last year is Malaysia, this year will be Indonesia. All shall take note on Indonesia link company listed in sgx.
Last year is Malaysia, this year will be Indonesia. All shall take note on Indonesia link company listed in sgx.
Indonesia rupiah depreciate a lot in past 2 years. It is time to appreciate in election year 2014.
Earlybird set a big nest and store a lot of worms in the nest. patiently waiting big birds fighting for it.
Good luck to those vested.
Since Salim A Gong decide to park Indomobil in Gallant Venture, they shall push it up in one day.
869lots only bring down to 27.5.
Who sell below 28, will regret soon!
Who sell below 28, will regret soon!
http://www.indonesia-investments.com/doing-business/business-columns/indonesia-attracts-investments-in-automotive-components-worth-usd-1.5b/item1530
In 2014, Indonesia is expected to see capital inflow of between USD $1 billion and USD $1.5 billion of funds for investments in the country's car components industry. About 20 to 30 companies are eager to expand or start business in this sector of Southeast Asia's largest economy (each investing about USD $50 million). Indonesia's car industry is attractive due to record high car sales in recent years (triggered by strong domestic GDP per capita growth) as well as double-digit export growth (although coming from a low base).
Amid strong gross domestic product (GDP) growth in the past decade, Indonesia's per capita GDP has grown accordingly. In 2013, per capita GDP is estimated to have reached USD $3,816, thus having doubled from the year 2007 (USD $1,923). In the next five years, this figure is expected to hit the USD $5000-mark. However, the downside of looking at per capita GDP is that this statistic does not show income distribution inequality. Indonesia is characterized by increasing inequality in terms of income distribution evidenced by the country's increasing Gini ratio.
The Association of Indonesian Automotive Manufacturers (Gaikindo) stated that, despite several government policies that were expected to hurt domestic car sales, Indonesia broke last year's record in terms of sales. In 2013, a total of 1.2 million cars were sold on the Indonesian market (100,000 more than the previous record in 2012). Several government policies that limited car sales growth included higher prices of subsidized fuels (causing serious inflationary pressures thus curbing Indonesians' purchasing power) and higher interest rates due to Bank Indonesia's decision to raise its benchmark interest rate (BI rate) gradually from 5.75 percent (June 2013) to the current 7.50 percent. Another problem is the depreciating Indonesia rupiah exchange rate, which makes imports of car components much more expensive (the rupiah fell about 25 percent against the US dollar in 2013). As such, the government applauds expansion of the domestic car components industry.
Regarding Indonesia's exports of complete built units (CBU), an increase of 15 percent to 200,000 car units is expected in 2014. Last year, 173,000 CBUs, particularly multipurpose vehicles and sport utility vehicles, were exported to overseas markets.
In recent years, Indonesia has been transforming from a production hub (due to low wages) into a major sales market. With the influx of more and more investments in recent years (for the establishment of car factories), Indonesia aims to challenge Thailand to become the regional dominated car production hub. Honda Prospect Motor, Honda?s subsidiary in Indonesia, recently stated that it expects a rise in car sales of 86 percent to 170,000 cars in 2014 amid the release of its new Mobilio car and the establishment of its new factory in Karawang (West Java). This factory is its second manufacturing facility in Indonesia and has a production capacity of about 120,000 units per year (the company's total production capacity will accelerate to 200,000 units per year).
In 2013, Honda broke its own sales record in Indonesia by selling over 91,000 cars (a 32 percent increase from the previous year) and saw its market share rise to 7.5 percent in 2013. The company aims to expand market share to 14 percent in 2014 (Toyota is the dominating market leader in Indonesia, controlling over 50 percent of the car sales market).
http://www.indonesia-investments.com/news/todays-headlines/car-sales-in-indonesia-expected-to-rise-in-2014-amid-political-elections/item1481
Supported by legislative and presidential elections, car sales in Indonesia are expected to grow between five and ten percent to 1.30 million total vehicles in 2014. These elections are estimated to boost the domestic money flow due to increased economic activity in Southeast Asia's largest economy. Consumption goods such as cars and food & beverage products are expected to feel the impact of this development and may offset the negative impact brought on by the weak rupiah, high inflation and the high interest rate environment.
Vice-Chairman of the Association of Indonesian Automotive Manufacturers (Gaikindo) Rizwan Alamsjah said that the IDR rupiah exchange rate, which has depreciated about 27 percent against the US dollar in 2013, is a serious problem as it increases production costs of cars considering that certain car components are imported (using US dollars). Producers can transfer these costs to end-buyers by raising prices of cars but this will curb the number of car sales. Toyota, the most popular car brand in Indonesia, will raise prices of its cars in the beginning of 2014. Through a jointly controlled entity with the Toyota Motor Corporation, Astra International holds the exclusive right to sell Toyota vehicles on the Indonesian market.
The higher benchmark interest rate (BI rate) also forms an obstacle as around 75 percent of car buyers use a loan for the purchase. The central bank's BI rate has been raised gradually from 5.75 percent to 7.50 percent between June and November 2013 in order to curtail high inflation and support the rupiah exchange rate.
But despite these matters, car sales are expected to increase (or at least remain stable) in 2014 due to the influence of the elections in Indonesia. Prior to - and during - these elections, about IDR 44 trillion (USD $3.6 billion) of funds is expected to flow on the domestic market (amid campaigns of the political parties), part of which will be used to buy cars.
In 2013, Indonesia's car sales increased 10 percent to 1,226,199 car units from 1,116,230 in 2012. Although the weakening rupiah and higher BI rate also formed a problem last year, car sales were supported by the introduction of the low cost green car (LCGC), which has a price tag of around IDR 100 million (USD $8,196), on the Indonesian market. Car sales are generally a good indicator of the state of the economy (and consumer confidence) as economic growth and car sales tend to go hand in hand.
Right issue to purchase indomobil is US 23 cents or SGD28 cents.
The pump up will be started from here
The pump up will be started from here
Shall see 40 cents in 1H 2014 if economic in Indonesia doesn't melt down.
Swift88 ( Date: 16-Jan-2014 18:34) Posted:
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Hopefully call cross $0.30 n above.
earlybird14 ( Date: 16-Jan-2014 17:07) Posted:
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Surprise close @ 28.5.
Tomorrow move higher? hope so.
earlybird disappointed with today pump & dump pattern. Will keep my holding well. Pump and dump at rock bottom price is part of accummulation process.
NAV is 53.44cents. To a profitable company, 28-28.5 is very undervalued.
Gallant venture is not more the bintan resort and asset holding and development company which doesn't has stable revenue and profit.
Gallant venture is holding Indomobile and revenue jump 1400% from 44million to 677million company.
Based on Salim group influence power in Indonesia. They can eat Astra international or Jardine C& C holding market share slowly.
Let's see. buy and hold this diomand stock properly at least a year.
http://www.thejakartapost.com/news/2014/01/07/after-record-sales-surge-car-producers-bracing-soft-landing.html
Jardine C& C hold Astra international, they are holding
Car: Toyota, Daihatsu, Isuzu, UD Trucks, Peugeot, BMW,Lexus
Motorcycle: Honda
Gallant Venture hold indomobile, they are holding
Car: Suzuki, Nissan, Volkswagen, Renault, Audi, Volvo
Motor cycle: Suzuki (2 Wheel)
Truck: Hino, Volvo Trucks
There are a lot of room for Indomobile to catch up the market share from Astra international. Potential of growth is huge if Salim group can use their influence power in the indonesia to boost the sales and outlets in indonesia.
http://wardsauto.com/indonesia-press-indomobil-multi-jasa-expects-30-pct-rise-2014-revenue-investor-daily
Post old news. Indomobile subsidiary exppect 30 percent rise in 2014
Jardine C& C is so agressive. Too big worm for earlybird to bite.
earlybird can only bite small worm and expect it grow bigger and bigger.
Early bird pick early worm called gallant.
it has been a year gallant taking over indomobil. market said gallant will be next Jardine C& C.
Early bird set up nest and catch worm first.
The spate of condo hotel & sea side villa launches at Bintan few weeks ago. Lagoi bay shopping mall opening this year end . Sure bodes well for gallant with nav more than 0.64. No more shortists. Genuine buyers now
This one so many shortist ,,,,
This one still done have buyer,,,where is uncle salim