When coal company, Berau Coal Energy (BRAU), decided to conduct an IPO some time ago, some of observers had questioned the decision. Because regardless of the fundamentals of BRAU itself, the coal sector in Indonesia in these days is being in a state of decline. At the end of 2009, most of coal companies in Indonesia were enjoying significant increase in revenues and net income, sustained by increase in coal prices. However, in 1Q10, the income of coal companies began to decline, along with decline of volume production. And the decline was still continued in last 1H10.
Thursday, September 16, 2010
Indofood (INDF) is identical with Indomie, because that's their flagship product, which until now seems have no rival (Wings Food indeed is trying to shift the Indomie with Mie Sedaap, but so far apparently not been successful). But actually, business scope of INDF is much broader than simply selling instant noodle with Indomie brand. As the name implies: Indofood, INDF is one of the largest integrated food company in Indonesia, which controls the food sector from upstream to downstream.