Indonesia Bond Market Directory 2008
Content
I N D O N E S I A
BOND MARKET
D I R E C T O R Y
2 0 0 8
INDONESIA BOND MARKET DIRECTORY 2008
ISBN : 978-979-95474-1-5
Sanksi Pelanggaran Pasal 44 Undang-undang No. 12 Tahun 1997 tentang Perubahan Atas Undang-undang
Nomor 6 Tahun 1982 Tentang Hak Cipta sebagaimana telah diubah dengan Undang-undang Nomor 7 Tahun
1987.
1.
Barang siapa dengan sengaja dan tanpa hak mengumumkan atau memperbanyak suatu ciptaan atau
memberi izin untuk itu, dipidana dengan pidana penjara paling lama 7 (tujuh) tahun dan/atau denda paling
banyak Rp 100.000.000 (seratus juta rupiah)
2.
Barang siapa dengan sengaja menyiarkan, memamerkan, mengedarkan atau menjual kepada umum suatu
ciptaan atau barang hasil pelanggaran Hak Cipta sebagaimana yang dimaksud dalam ayat (1), dipidana
dengan pidana penjara paling lama 5 (lima) tahun dan/atau denda paling banyak Rp 50.000.000 (lima puluh
juta rupiah)
PREFACE
This book is released to publish information about the condition of the Indonesian bond market in 2007 and 1st
Semester of 2008. Bond Book contents statistical data of listed bonds transaction and information of the bond
issuing companies.
We really hope that this book can give a useful information to the public about bond market condition in
Indonesia in 2007 and 1st Semester of 2008. At last, we thanks to all parties that gives support to the completion
of this book.
Jakarta, October 2008
CONTENTS
Page
FOREWARDS
GOVERNMENT BONDS
...........................................................................................................................................................................................................................................................
2
CORPORARE BONDS
No. CODE COMPANY NAME
Page
1.
ADHI
ADHI KARYA (PERSERO) TBK
2.
ADMF
ADIRA DINAMIKA MULTIFINANCE TBK
3.
AIRJ
AETRA AIR JAKARTA (FORMERLY: THAMES PAM JAYA)
4.
ALFA
ALFA RETAILINDO TBK
5.
6.
7.
ASDF
ASTRA SEDAYA FINANCE
8.
ASGR
ASTRA GRAPHIA TBK
9.
BASS
BAHTERA ADIMINA SAMUDRA TBK
10.
BBIA
BANK UOB BUANA TBK
11.
BBKP
BANK BUKOPIN TBK
12.
BBMI
BANK SYARIAH MUAMALAT INDONESIA TBK
......................................................................................................................................................................
60
13.
BBNI
BANK NEGARA INDONESIA (PERSERO) TBK
......................................................................................................................................................................
62
14.
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK
........................................................................................................................................................................
64
15.
BBSM
BANK SYARIAH MANDIRI
.......................................................................................................................................................................................................................
66
16.
BBTN
BANK TABUNGAN NEGARA (PERSERO)
17.
BCAF
BCA FINANCE
18.
BDKI
BANK DKI (BPD DKI)
19.
BDMN
BANK DANAMON INDONESIA TBK
20.
BDSS
BANK SUMSEL (BPD SUMATERA SELATAN)
21.
BETA
BETA INTI MULTIFINANCE
22.
BEXI
BANK EKSPOR INDONESIA (PERSERO)
23.
BFIN
BFI FINANCE INDONESIA TBK
24.
BFNC
BHAKTI FINANCE
25.
BJBR
BANK JABAR BANTEN
26.
BJTM
BANK JATIM (BPD JAWA TIMUR)
27.
BLAM
BANK LAMPUNG (BPD LAMPUNG)
28.
BLTA
BERLIAN LAJU TANKER TBK
29.
BNIS
BNI SECURITIES
30.
BNLI
BANK PERMATA TBK
.................................................................................................................................................................................................................................
106
31.
BNTB
BANK NTB (BPD NTB)
32.
BRAM
INDO KORDSA TBK
33.
BRNA
BERLINA TBK
34.
BSDE
BUMI SERPONG DAMAI TBK
35.
BSEC
BHAKTI SECURITIES
36.
BSLT
BANK SULUT (BPD SULAWESI UTARA)
37.
BTEL
BAKRIE TELECOM TBK
38.
BVIC
BANK VICTORIA INTERNATIONAL TBK
39.
CFIN
CLIPAN FINANCE INDONESIA TBK
40.
CLPK
CILIANDRA PERKASA
............................................................................................................................................................................................................
.......................................................................................................................................................................................
26
28
.........................................................................................................................................
32
............................................................................................................................................................................................................................
34
APEX
APEXINDO PRATAMA DUTA TBK ......................................................................................................................................................................................................
36
APOL
ARPENI PRATAMA OCEAN LINE TBK
..........................................................................................................................................................................................
38
.....................................................................................................................................................................................................................
40
..............................................................................................................................................................................................................................
50
..............................................................................................................................................................................................
52
............................................................................................................................................................................................................................
54
...................................................................................................................................................................................................................................
56
..................................................................................................................................................................................
68
...................................................................................................................................................................................................................................................
72
....................................................................................................................................................................................................................................
.................................................................................................................................................................................................
76
80
........................................................................................................................................................................
82
.....................................................................................................................................................................................................................
84
...................................................................................................................................................................................
86
...........................................................................................................................................................................................................
90
...........................................................................................................................................................................................................................................
92
...............................................................................................................................................................................................................................
.....................................................................................................................................................................................................
94
96
.................................................................................................................................................................................................
98
...............................................................................................................................................................................................................
102
.............................................................................................................................................................................................................................................
104
................................................................................................................................................................................................................................
108
......................................................................................................................................................................................................................................
110
....................................................................................................................................................................................................................................................
112
...............................................................................................................................................................................................................
114
..................................................................................................................................................................................................................................
116
.....................................................................................................................................................................................
118
............................................................................................................................................................................................................................
120
......................................................................................................................................................................................
122
................................................................................................................................................................................................
124
................................................................................................................................................................................................................................
126
No. CODE COMPANY NAME
Page
41.
CMNP
CITRA MARGA NUSAPHALA PERSADA TBK
.........................................................................................................................................................................
128
42.
CPIN
CHAROEN POKPHAND INDONESIA TBK
43.
DNRK
DANAREKSA (PERSERO)
44.
DUTI
DUTA PERTIWI TBK
45.
ELTY
BAKRIELAND DEVELOPMENT TBK
46.
EXCL
EXCELCOMINDO PRATAMA TBK
47.
FIFA
FEDERAL INTERNATIONAL FINANCE
48.
FREN
MOBILE-8 TELECOM TBK
49.
HITS
HUMPUSS INTERMODA TRANSPORTASI TBK
50.
HMSP
HANJAYA MANDALA SAMPOERNA TBK
51.
IATG
INFOASIA TEKNOLOGI GLOBAL TBK
52.
IDSR
INDOSIAR VISUAL MANDIRI
53.
IJPA
INDO JASA PRATAMA
54.
INDF
INDOFOOD SUKSES MAKMUR TBK
55.
INKP
INDAH KIAT PULP & PAPER TBK
56.
ISAT
INDOSAT TBK
57.
JPFA
JAPFA COMFEED IDONESIA TBK
58.
JPOS
JAWA POS
59.
JPRO
JAKARTA PROPERTINDO
60.
JSMR
JASA MARGA (PERSERO) TBK
61.
KLBF
KALBE FARMA TBK
62.
KREN
KRESNA GRAHA SEKURINDO TBK
63.
LPPI
LONTAR PAPYRUS PULP & PAPER INDUSTRY
64.
LTLS
LAUTAN LUAS TBK
65.
MAIN
MALINDO FEEDMILL TBK
66.
MASP
MASPION
67.
MAYA
BANK MAYAPADA INTERNASIONAL TBK
68.
MEDC
MEDCO ENERGI INTERNASIONAL TBK
69.
MEGA
BANK MEGA TBK
70.
MLSS
MULIAGLASS
71.
MPPA
MATAHARI PUTRA PRIMA TBK
72.
MYOR MAYORA INDAH TBK
73.
NEFI
NEWERA FOOTWEAR INDONESIA
74.
NISP
BANK NISP TBK
75.
OTMA
OTO MULTIARTHA
76.
PANS
PANIN SEKURITAS TBK
77.
PIDL
PINDO DELI PULP AND PAPER MILLS
78.
PJAA
PEMBANGUNAN JAYA ANCOL TBK
79.
PLJA
PAM LYONNAISE JAYA
80.
PNBN
BANK PAN INDONESIA TBK
81.
PPGD
PERUM PEGADAIAN
82.
PPLN
PERUSAHAAN LISTRIK NEGARA (PERSERO)
83.
PTPN
84.
PTPV
85.
PVII
PERKEBUNAN NUSANTARA VII (PERSERO)
86.
PWON PAKUWON JATI TBK
87.
RCTI
RAJAWALI CITRA TELEVISI INDONESIA
88.
RENT
CSM CORPORATAMA
..................................................................................................................................................................................
130
.......................................................................................................................................................................................................................
132
.....................................................................................................................................................................................................................................
136
...............................................................................................................................................................................................
138
....................................................................................................................................................................................................
140
.........................................................................................................................................................................................
142
.......................................................................................................................................................................................................................
146
....................................................................................................................................................................
148
....................................................................................................................................................................................
150
...........................................................................................................................................................................................
152
.................................................................................................................................................................................................................
154
................................................................................................................................................................................................................................
156
..............................................................................................................................................................................................
158
.....................................................................................................................................................................................................
160
...................................................................................................................................................................................................................................................
162
...................................................................................................................................................................................................
170
...........................................................................................................................................................................................................................................................
172
......................................................................................................................................................................................................................
174
..........................................................................................................................................................................................................
176
......................................................................................................................................................................................................................................
180
...............................................................................................................................................................................................
182
.................................................................................................................................................................
184
.......................................................................................................................................................................................................................................
186
.......................................................................................................................................................................................................................
188
..............................................................................................................................................................................................................................................................
190
.................................................................................................................................................................................
192
.....................................................................................................................................................................................
196
...........................................................................................................................................................................................................................................
198
.....................................................................................................................................................................................................................................................
200
..........................................................................................................................................................................................................
202
..................................................................................................................................................................................................................................
204
................................................................................................................................................................................................
206
...............................................................................................................................................................................................................................................
208
........................................................................................................................................................................................................................................
...........................................................................................................................................................................................................................
210
212
........................................................................................................................................................................................
214
...............................................................................................................................................................................................
216
.............................................................................................................................................................................................................................
218
.................................................................................................................................................................................................................
222
...................................................................................................................................................................................................................................
226
.....................................................................................................................................................................
232
PERKEBUNAN NUSANTARA III (PERSERO)
...........................................................................................................................................................................
238
PERKEBUNAN NUSANTARA V (PERSERO)
............................................................................................................................................................................
242
.........................................................................................................................................................................
244
...................................................................................................................................................................................................................................
246
...................................................................................................................................................................................
248
................................................................................................................................................................................................................................
250
No. CODE COMPANY NAME
Page
89.
RICY
RICKY PUTRA GLOBALINDO TBK
90.
RMBA
BENTOEL INTERNATIONAL INVESTAMA TBK
91.
RUIS
RADIANT UTAMA INTERINSCO TBK
92.
SBTR
SEMEN BATURAJA (PERSERO)
93.
SCTV
SURYA CITRA TELEVISI
94.
SIFC
SWADHARMA INDOTAMA FINANCE
95.
SMRA
SUMMARECON AGUNG TBK
96.
SOFN
SUMMIT OTO FINANCE
97.
SONA
SONA TOPAS TOURISM INDUSTRY TBK
98.
TKIM
PABRIK KERTAS TJIWI KIMIA TBK
99.
TRAC
SERASI AUTORAYA
100.
TRIM
TRIMEGAH SECURITIES TBK
.............................................................................................................................................................................................................
278
101.
TRJE
TRUBA JAYA ENGINEERING
...............................................................................................................................................................................................................
282
102.
TUFI
TUNAS FINANCINDO SARANA
...........................................................................................................................................................................................................
284
103.
UNIC
UNGGUL INDAH CAHAYA TBK
...........................................................................................................................................................................................................
288
104.
WOMF WAHANA OTTOMITRA MULTIARTHA TBK
105.
WSKT
...................................................................................................................................................................................................
252
......................................................................................................................................................................
254
.............................................................................................................................................................................................
256
.......................................................................................................................................................................................................
258
..........................................................................................................................................................................................................................
260
.............................................................................................................................................................................................
262
...............................................................................................................................................................................................................
264
............................................................................................................................................................................................................................
268
.................................................................................................................................................................................
272
.................................................................................................................................................................................................
274
.....................................................................................................................................................................................................................................
276
WASKITA KARYA (PERSERO)
...............................................................................................................................................................................
290
............................................................................................................................................................................................................
294
FOREWORDS
This publication is designated as a service to domestic investors and other capital market participants, as part of the nation-wide efforts in
educating and improving the dissemination of capital market information. These efforts are important in carrying out the task of expanding the
domestic investor base.
To improve the future editions of this publication, the readers’ comments and feedback would be highly appreciated.
Jakarta, October 2008
Research and Product Development Division
Indonesia Stock Exchange
© 2008 Indonesia Stock Exchange. All rights reserved.
Disclaimer :
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
G O V E R N M E N T
B O N D S
MINISTRY OF FINANCE, REPUBLIC OF INDONESIA
GOVERNMENT BOND
Issuer
: Ministry of Finance, Republic of Indonesia
Phone
: (62-021) 381-0175
Direktorat Pengelolaan Surat Utang Negara (DPSUN)
Website : http://www.dmo.or.id
Profile : Fundamental Duty of Directorat Management of Government Securities Management is executing formula of policy,
development, and implementing in bond management area. Bond management including issuing, sale, redemption
obligation accountancy and administration, and operation of risk of portofolio obligation, and also development of
obligation market, pursuant to technical policy which specified by Minister for Finance and current law and regulation.
Directorat Management of Government Securities Management have a purpose to realize bond institution which reliable
State, transparent, and accountable in interest expenses minimization effort on a long term at risk storey level able to be
controlled
As of June 2008
FIXED RATE
Listing
Date
Maturity
Date
Coupon
Obligasi Pemerintah Tahun 1999 Seri FR0002
01-Feb-00
15-Jun-09
14.00%
4 months
14,924,493,000,000
Obligasi Pemerintah Tahun 2002 Seri FR0010
03-Dec-02
15-Mar-10
13.15%
4 months
9,983,678,000,000
FR0011
Obligasi Pemerintah Tahun 2002 Seri FR0011
03-Dec-02
15-May-10
13.15%
4 months
800,000,000,000
4.
FR0012
Obligasi Pemerintah Tahun 2002 Seri FR0012
03-Dec-02
15-May-10
12.63%
4 months
1,725,141,000,000
5.
FR0013
Obligasi Pemerintah Tahun 2002 Seri FR0013
03-Dec-02
15-Sep-10
15.43%
4 months
4,733,601,000,000
6.
FR0014
Obligasi Pemerintah Tahun 2002 Seri FR0014
03-Dec-02
15-Nov-10
15.58%
4 months
1,205,947,000,000
7.
FR0015
Obligasi Pemerintah Tahun 2002 Seri FR0015
03-Dec-02
15-Feb-11
13.40%
4 months
5,620,938,000,000
8.
FR0016
Obligasi Pemerintah Tahun 2002 Seri FR0016
03-Dec-02
15-Aug-11
13.45%
4 months
4,118,937,000,000
9.
FR0017
Obligasi Pemerintah Tahun 2002 Seri FR0017
03-Dec-02
15-Jan-12
13.15%
4 months
8,245,063,000,000
10.
FR0018
Obligasi Pemerintah Tahun 2002 Seri FR0018
03-Dec-02
15-Jul-12
13.18%
4 months
5,915,062,000,000
11.
FR0019
Obligasi Pemerintah Tahun 2002 Seri FR0019
03-Dec-02
15-Jun-13
14.25%
4 months
11,856,341,000,000
12.
FR0020
Obligasi Pemerintah Tahun 2002 Seri FR0020
03-Dec-02
15-Dec-13
14.28%
4 months
11,856,341,000,000
13.
FR0021
Obligasi Negara RI Seri FR0021
27-Dec-02
15-Dec-10
14.50%
4 months
2,328,000,000,000
14.
FR0022
Obligasi Negara RI Seri FR0022
10-Apr-03
15-Sep-11
12.00%
4 months
7,331,000,000,000
15.
FR0023
Obligasi Negara RI Seri FR0023
11-Sep-03
15-Dec-12
11.00%
4 months
13,432,500,000,000
16.
FR0024
Obligasi Negara RI Seri FR0024
06-Nov-03
15-Oct-10
12.00%
6 months
4,404,000,000,000
17.
FR0025
Obligasi Negara RI Seri FR0025
29-Apr-04
15-Oct-11
10.00%
6 months
6,749,000,000,000
18.
FR0026
Obligasi Negara RI Seri FR0026
27-Aug-04
15-Oct-14
11.00%
6 months
11,382,000,000,000
19.
FR0027
Obligasi Negara RI Seri FR0027
28-Jan-05
15-Jun-15
9.50%
6 months
10,900,000,000,000
20.
FR0028
Obligasi Negara RI Seri FR0028
24-Feb-05
15-Jul-17
10.00%
6 months
10,100,000,000,000
21.
FR0030
Obligasi Negara RI Seri FR0030
20-May-05
15-May-16
10.75%
6 months
5,330,000,000,000
22.
FR0031
Obligasi Negara RI Seri FR0031
17-Jun-05
15-Nov-20
11.00%
6 months
11,469,000,000,000
23.
FR0032
Obligasi Negara RI Seri FR0032
06-Sep-05
15-Jul-18
15.00%
6 months
1,560,000,000,000
24.
FR0033
Obligasi Negara RI Seri FR0033
27-Jan-06
15-Mar-13
12.50%
6 months
9,945,000,000,000
25.
FR0034
Obligasi Negara RI Seri FR0034
27-Jan-06
15-Jun-21
12.80%
6 months
10,379,000,000,000
26.
FR0035
Obligasi Negara RI Seri FR0035
17-Feb-06
15-Jun-22
12.90%
6 months
6,600,000,000,000
27.
FR0036
Obligasi Negara RI Seri FR0036
20-Apr-06
15-Sep-19
11.50%
6 months
3,711,000,000,000
28.
FR0037
Obligasi Negara RI Seri FR0037
19-May-06
15-Sep-26
12.00%
6 months
2,450,000,000,000
29.
FR0038
Obligasi Negara RI Seri FR0038
25-Aug-06
15-Aug-18
11.60%
6 months
3,083,000,000,000
30.
FR0039
Obligasi Negara RI Seri FR0039
25-Aug-06
15-Aug-23
11.75%
6 months
4,175,000,000,000
31.
FR0040
Obligasi Negara RI Seri FR0040
22-Sep-06
15-Sep-25
11.00%
6 months
12,914,000,000,000
32.
FR0041
Obligasi Negara RI Seri FR0041
13-Oct-06
15-Nov-08
9.25%
6 months
1,100,000,000,000
33.
FR0042
Obligasi Negara RI Seri FR0042
26-Jan-07
15-Jul-27
10.25%
6 months
14,426,000,000,000
34.
FR0043
Obligasi Negara RI Seri FR0043
23-Feb-07
15-Jul-22
10.25%
6 months
12,653,000,000,000
No.
CODE
1.
FR0002
2.
FR0010
3.
NAME
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Coupon
Period
Nominal Value (Rp)
1
Coupon
20-Apr-07
19-Apr-24
10.00%
6 months
25-May-07
15-May-37
9.75%
6 months
6,400,000,000,000
Obligasi Negara RI Seri FR0046
20-Jul-07
15-Jul-23
9.50%
6 months
16,855,000,000,000
FR0047
Obligasi Negara RI Seri FR0047
31-Aug-07
15-Feb-28
10.00%
6 months
9,850,000,000,000
39.
FR0048
Obligasi Negara RI Seri FR0048
28-Sep-07
15-Sep-18
9.00%
6 months
5,717,000,000,000
40.
FR0049
Obligasi Negara RI Seri FR0049
15-Feb-08
15-Sep-13
9.00%
6 months
5,250,000,000,000
41.
FR0050
Obligasi Negara RI Seri FR0050
25-Jan-08
15-Jul-38
10.50%
6 months
CODE
35.
FR0044
Obligasi Negara RI Seri FR0044
36.
FR0045
Obligasi Negara RI Seri FR0045
37.
FR0046
38.
NAME
Listing
Date
Coupon
Period
Maturity
Date
No.
TOTAL FIXED RATE
Nominal Value (Rp)
5,589,000,000,000
1,200,000,000,000
298,268,042,000,000
VARIABEL RATE
Coupon
Period
Listing
Date
Maturity
Date
Obligasi Pemerintah Tahun 1999 Seri VR0014
01-Feb-00
25-Aug-08
SBI 3 months 6 months
9,104,632,000,000
Obligasi Pemerintah Tahun 1999 Seri VR0015
01-Feb-00
25-Dec-08
SBI 3 months 6 months
8,760,471,000,000
Obligasi Pemerintah Tahun 1999 Seri VR0016
01-Feb-00
25-Jul-09
SBI 3 months 6 months
8,831,717,000,000
VR0017
Obligasi Pemerintah Tahun 1999 Seri VR0017
25-Nov-02
25-Jun-11
SBI 3 months 6 months
3,458,666,000,000
5.
VR0018
Obligasi Pemerintah Tahun 1999 Seri VR0018
25-Nov-02
25-Oct-12
SBI 3 months 6 months
516,483,000,000
6.
VR0019
Obligasi Pemerintah Tahun 2002 Seri VR0019
03-Dec-02
25-Dec-14
SBI 3 months 6 months
11,406,226,000,000
7.
VR0020
Obligasi Pemerintah Tahun 2002 Seri VR0020
03-Dec-02
25-Apr-15
SBI 3 months 6 months
9,899,007,000,000
8.
VR0021
Obligasi Pemerintah Tahun 2002 Seri VR0021
03-Dec-02
25-Nov-15
SBI 3 months 6 months
7,546,328,000,000
9.
VR0022
Obligasi Pemerintah Tahun 2002 Seri VR0022
03-Dec-02
25-Mar-16
SBI 3 months 6 months
9,666,749,000,000
10.
VR0023
Obligasi Pemerintah Tahun 2002 Seri VR0023
03-Dec-02
25-Oct-16
SBI 3 months 6 months
8,652,056,000,000
11.
VR0024
Obligasi Pemerintah Tahun 2002 Seri VR0024
03-Dec-02
25-Feb-17
SBI 3 months 6 months
9,909,300,000,000
12.
VR0025
Obligasi Pemerintah Tahun 2002 Seri VR0025
03-Dec-02
25-Sep-17
SBI 3 months 6 months
6,909,300,000,000
13.
VR0026
Obligasi Pemerintah Tahun 2002 Seri VR0026
03-Dec-02
25-Jan-18
SBI 3 months 6 months
5,442,142,000,000
14.
VR0027
Obligasi Pemerintah Tahun 2002 Seri VR0027
03-Dec-02
25-Jul-18
SBI 3 months 6 months
5,442,142,000,000
15.
VR0028
Obligasi Pemerintah Tahun 2002 Seri VR0028
03-Dec-02
25-Aug-18
SBI 3 months 6 months
7,033,994,000,000
16.
VR0029
Obligasi Pemerintah Tahun 2002 Seri VR0029
03-Dec-02
25-Aug-19
SBI 3 months 6 months
12,212,320,000,000
17.
VR0030
Obligasi Pemerintah Tahun 2002 Seri VR0030
03-Dec-02
25-Dec-19
SBI 3 months 6 months
10,503,015,000,000
18.
VR0031
Obligasi Pemerintah Tahun 2002 Seri VR0031
03-Dec-02
25-Jul-20
SBI 3 months 6 months
25,322,354,000,000
19.
VR0032
Obligasi Negara RI Seri VR0032
18-Apr-08
25-Apr-11
SBI 3 months 6 months
No.
CODE
1.
VR0014
2.
VR0015
3.
VR0016
4.
NAME
Coupon
TOTAL VARIABEL RATE
Nominal Value (Rp)
5,000,000,000,000
165,616,902,000,000
ZERO COUPON
No.
CODE
NAME
Listing
Date
Maturity
Date
Coupon
Coupon
Period
Nominal Value (Rp)
1.
ZC0001
Obligasi Negara RI Seri ZC0001
31-Aug-07
20-Nov-08
-
-
5,777,000,000,000
2.
ZC0002
Obligasi Negara RI Seri ZC0002
21-Sep-07
20-Sep-09
-
-
2,709,000,000,000
3.
ZC0003
Obligasi Negara RI Seri ZC0003
23-Nov-07
20-Nov-12
-
-
1,500,000,000,000
4.
ZC0004
Obligasi Negara RI Seri ZC0004
01-Feb-08
20-Feb-10
-
-
5,887,000,000,000
5.
ZC0005
Obligasi Negara RI Seri ZC0005
01-Feb-08
20-Feb-13
-
-
3,150,000,000,000
TOTAL ZERO COUPON
19,023,000,000,000
RETAIL
No.
2
CODE
NAME
Listing
Date
Maturity
Date
Coupon
Coupon
Period
Nominal Value (Rp)
1.
ORI001
Obligasi Negara RI Seri ORI001
10-Aug-06
09-Aug-09
12.05%
monthly
3,013,650,000,000
2.
ORI002
Obligasi Negara RI Seri ORI002
29-Mar-07
28-Mar-10
9.28%
monthly
6,233,200,000,000
3.
ORI003
Obligasi Negara RI Seri ORI003
13-Sep-07
12-Sep-11
9.40%
monthly
9,367,695,000,000
4.
ORI004
Obligasi Negara RI Seri ORI004
13-Mar-08
12-Mar-12
9.50%
monthly
13,455,765,000,000
TOTAL RETAIL
32,070,310,000,000
GRAND TOTAL
514,978,254,000,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0002
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
4,500
12.5
3,600
10.0
2,700
7.5
1,800
5.0
900
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
10.063 10.179
29-Mar 26-Jun
10.387 10.230
9.971 10.029
10.031 10.156
WA1
3,803
1,848
Volume2
102.5% 49.8%
Turnover3
Modified Duration (Yrs): 8.363
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.350
25-Sep
10.458
10.111
10.325
995
26.8%
10.281
24-Dec
11.008
9.292
10.028
3,239
87.3%
10.503
31-Mar
10.507
9.411
10.498
2,377
64.1%
10.741
30-Jun
10.857
10.483
10.741
1,898
51.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0010
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
9.710
9.550
28-Mar 29-Jun
9.703 10.381
9.621
9.232
1
9.573
9.636
WA
2,014
4,448
Volume2
81.0% 179.0%
Turnover3
Modified Duration (Yrs): 3.490
Last
Date
High
Low
Q3
Q4
9.810
24-Sep
10.035
9.414
9.947
1,096
44.1%
9.726
9.887 10.380
06-Dec 24-Mar 30-Jun
9.955 11.366
10.258
9.631
9.332 10.107
9.719
9.877 10.380
3,143
5,199
1,398
56.3% 126.4% 209.2%
Q1
Q2
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0011
No Transaction in the Year of 2007 and Q1-Q2 2008
FR0012
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.173
8.190
28-Mar 28-Jun
8.235
8.222
8.014
8.146
8.205
8.203
WA1
2
3,021
9,058
Volume
3
710%
2,127%
Turnover
Modified Duration (Yrs): 9.030
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
8.280
20-Sep
8.281
8.185
8.245
142
33%
8.254
8.379
14-Dec 26-Mar
8.400
8.379
8.265
8.224
8.243
8.379
2,411 17,882
566% 4,200%
Q2
8.675
30-Jun
8.728
8.487
8.728
3,231
759%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
3
TRADING HIGHLIGHT
FR0013
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.220 10.310
26-Mar 18-Jun
11.653 10.471
10.192 10.294
10.192 10.406
WA1
1,636
623
Volume2
138.3% 52.7%
Turnover3
Modified Duration (Yrs): 7.916
Last
Date
High
Low
Q3
Q4
Q1
Q2
10.510
25-Sep
11.697
10.336
10.461
638
53.9%
10.477 10.575 11.205
18-Dec 13-Mar 22-Jun
11.662 11.684 11.448
10.300 10.412 10.976
10.461 10.885 11.246
575
1,222
1,888
48.6% 103.3% 159.7%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0014
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.873
9.230
08-Feb 25-May
9.174
9.230
8.800
8.796
1
8.867
8.814
WA
243
264
Volume2
81.9% 89.0%
Turnover3
Modified Duration (Yrs): 8.355
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
8.964
8.873
9.043
9.503
08-Aug 29-Nov 06-Mar 19-Jun
9.059
9.525
8.873
8.997
8.817
8.863
8.931
9.262
8.873
8.920
9.045
9.493
243
511
1,621
1,242
81.9% 172.3% 546.8% 418.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0015
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5,000
12.5
4,000
10.0
3,000
7.5
2,000
5.0
1,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
8.418
8.360
8.308
14-Mar 21-Jun 28-Sep
8.402
8.355
8.469
8.324
8.267
8.298
8.375
8.302
8.418
WA1
1,077
4,120
2,307
Volume2
76.9% 294.4% 164.8%
Turnover3
Modified Duration (Yrs): 8.874
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.377
8.689
8.955
13-Dec 31-Mar 17-Jun
8.689
8.975
8.398
8.333
8.364
8.683
8.391
8.594
8.854
882
2,022
1,645
63.0% 144.5% 117.5%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
4
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0016
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
15,000
12.5
12,000
10.0
9,000
7.5
6,000
5.0
3,000
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.292
8.267
30-Mar 28-Jun
9.175
8.413
8.286
8.204
8.324
8.275
WA1
4,715
3,181
Volume2
458%
309%
Turnover3
Modified Duration (Yrs): 8.959
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.335
28-Sep
8.495
8.243
8.384
3,582
348%
8.383
11-Dec
9.164
8.313
8.332
664
65%
8.672
8.959
31-Mar 26-Jun
8.672
9.079
8.321
8.657
8.546
8.681
2,286 13,726
222% 1,333%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0017
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
17,500
12.5
14,000
10.0
10,500
7.5
7,000
5.0
3,500
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.242
9.179
8.968
9.080
9.435
9.910
06-Mar 10-May 25-Sep 28-Dec 31-Mar 30-Jun
10.077
9.971
9.971
9.471 10.077 10.000
9.069
8.890
8.944
9.012
9.164
9.469
1
9.171
9.031
9.120
9.140
9.435
9.781
WA
12,514
7,807 10,161
7,052 15,464
4,179
Volume2
615.8% 384.2% 500.1% 347.1% 761.0% 205.7%
Turnover3
Modified Duration (Yrs): 4.896
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0018
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
17,500
12.5
14,000
10.0
10,500
7.5
7,000
5.0
3,500
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
8.996
9.162 10.090
9.090
8.915
9.838
29-Mar 30-May 28-Sep 28-Dec 04-Jan 04-Jun
9.918
9.687
9.984
9.984
9.875 10.090
8.969
8.820
8.883
8.985
9.010
9.116
9.163
8.996
9.047
9.065
9.525
9.785
WA1
5,882
3,560
2,459 14,519
3,429
2,119
Volume2
399.8% 241.9% 167.1% 986.9% 233.1% 144.0%
Turnover3
Modified Duration (Yrs): 4.951
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
5
TRADING HIGHLIGHT
FR0019
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
9.599
9.656
9.611
9.470
9.532 10.813
07-Mar 28-Jun 25-Sep 15-Nov 28-Mar 26-Jun
10.165 11.165
9.854
9.991 11.230 11.360
9.475
9.346
9.461
9.358
9.529
9.687
9.623
9.578
9.652
9.519
9.904 10.634
WA1
9,721
6,499
4,334
7,432 19,331
4,735
Volume2
328.0% 219.3% 146.2% 250.7% 652.2% 159.7%
Turnover3
Modified Duration (Yrs): 6.471
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0020
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
35,000
12.5
28,000
10.0
21,000
7.5
14,000
5.0
7,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
9.494
9.439
9.519
29-Mar 28-Jun 25-Sep
10.534 11.179 10.631
9.430
9.268
9.393
1
9.564
9.517
9.594
WA
5,843 17,918 30,765
Volume2
197%
604% 1,038%
Turnover3
Modified Duration (Yrs): 9.184
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
9.476
05-Oct
10.759
9.334
9.430
15,916
537%
10.545
29-Jan
11.236
9.474
9.902
6,701
226%
10.800
26-Jun
11.179
10.075
10.677
3,528
119%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0021
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
9.893
9.941
29-Mar 22-Jun
9.983 10.427
9.889
9.921
9.933
9.976
WA1
424
1,012
Volume2
73.5% 175.4%
Turnover3
Modified Duration (Yrs): 2.138
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
10.188 10.008 10.331 10.886
20-Sep 14-Dec 28-Mar 26-Jun
11.385 10.127 10.984 10.942
9.999
9.926 10.040 10.616
10.187
9.985 10.334 10.813
284
1,257
1,866
1,708
49.2% 217.8% 323.3% 296.0%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
6
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0022
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
9.090
9.011
8.993
8.939
9.219
9.939
30-Mar 19-Jun 28-Sep 14-Dec 19-Mar 20-Jun
9.255 10.074
9.707 27.578 28.333
9.295
8.882
8.915
8.967
8.705
9.046
9.420
9.050
9.068
9.212
9.030
9.231
9.835
WA1
6,336
4,254 11,500
5,725
4,765
6,006
Volume2
356.2% 239.1% 646.5% 321.9% 267.9% 337.6%
Turnover3
Modified Duration (Yrs): 2.596
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0023
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50,000
12.5
40,000
10.0
30,000
7.5
20,000
5.0
10,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.613
8.478
29-Mar 20-Jun
11.814 23.676
8.601
8.436
1
8.692
8.667
WA
10,115 10,492
Volume2
304%
315%
Turnover3
Modified Duration (Yrs): 10.160
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
8.721
10-Sep
9.580
8.250
8.716
9,614
289%
8.645
9.126
28-Dec 16-Jan
8.887 13.808
8.438
8.566
8.533
8.834
11,151 45,563
335% 1,368%
Q2
9.575
30-Jun
9.795
9.133
9.496
3,712
111%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0024
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.482
6.147
27-Mar 20-Jun
8.406
6.159
7.912
5.896
7.928
5.900
WA1
1,705
23
Volume2
157.5%
2.1%
Turnover3
Modified Duration (Yrs): 12.047
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.861
26-Sep
8.277
7.861
8.265
22
2.1%
6.177
12-Dec
6.177
5.893
5.925
337
31.1%
8.160
31-Mar
8.160
7.938
8.160
503
46.4%
6.161
23-Jun
6.194
6.029
6.132
1,071
98.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
** Coupon Payment Period every 6 months (see page 1)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
7
TRADING HIGHLIGHT
FR0025
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
7.282
5.608
7.336
5.704
7.482
5.872
27-Mar 19-Jun 14-Sep 19-Dec 31-Mar 27-Jun
7.536
5.909
16.584
6.048
8.028
6.001
6.873
5.268
7.144
5.532
7.122
5.635
7.367
5.585
7.281
5.584
7.517
5.883
WA1
6,318
4,692
7,364
1,863
3,558
5,342
Volume2
379.0% 281.5% 441.8% 111.7% 213.5% 320.5%
Turnover3
Modified Duration (Yrs): 12.719
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0026
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.756
7.596
5.610
7.413
7.834
6.178
29-Mar 06-Jun 25-Sep 26-Dec 24-Mar 26-Jun
6.534
9.797
6.837
8.492
6.256 18.692
7.186
5.486
7.276
5.586
7.564
5.831
1
7.668
5.731
7.524
5.663
7.957
6.150
WA
12,159 18,136
9,865 10,434
8,905
4,767
Volume2
356.8% 532.1% 289.5% 306.2% 261.3% 139.9%
Turnover3
Modified Duration (Yrs): 12.164
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0027
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.466
7.494
14-Mar 07-Jun
5.512
7.889
5.410
7.450
5.468
7.797
WA1
9,380
8,357
Volume2
285%
254%
Turnover3
Modified Duration (Yrs): 11.808
Last
Date
High
Low
Q1-Q2 2008
Q1
Q2
Q3
Q4
5.358
25-Sep
5.535
5.316
5.422
2,189
67%
7.773
5.418
8.866
28-Dec 21-Feb 18-Jun
5.811 10.170
8.279
6.574
5.159
7.807
7.560
5.579
8.872
10,648 36,187 59,889
324% 1,101% 1,822%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
8
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0028
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40,000
12.5
32,000
10.0
24,000
7.5
16,000
5.0
8,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
5.541
5.668
7.006
13-Mar 19-Jun 25-Sep
5.738
7.398
5.793
5.266
6.885
5.414
5.676
7.349
5.623
WA1
9,187 37,264 29,046
Volume2
364% 1,476% 1,150%
Turnover3
Modified Duration (Yrs): 9.122
Last
Date
High
Low
Q4
Q1
Q2
7.468
15-Nov
8.116
6.818
7.276
14,961
593%
5.837
28-Mar
6.086
5.140
5.837
7,322
290%
8.340
30-Jun
8.385
7.656
8.190
13,494
534%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0030
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.963
6.222
30-Mar 18-Jun
6.036
7.337
5.797
6.080
1
6.030
6.406
WA
2,621
7,457
Volume2
196.7% 559.6%
Turnover3
Modified Duration (Yrs): 12.645
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.569
5.871
6.140
6.934
25-Sep 28-Dec 31-Mar 07-May
6.163
7.401
6.672
7.289
5.801
6.241
5.937
6.685
5.929
6.272
6.140
6.984
543
2,902
1,703
5,200
40.8% 217.8% 127.8% 390.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0031
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.893
6.454
6.011
6.453
6.087
7.244
22-Jan 24-Apr 25-Sep 12-Nov 28-Mar 26-Jun
6.590
7.544
8.546
6.938
6.192
7.009
5.974
6.229
5.602
5.940
5.845
6.623
6.087
6.513
5.954
6.330
6.071
7.238
WA1
9,798 13,144 14,754 14,569 19,926
5,854
Volume2
341.7% 458.4% 514.6% 508.1% 694.9% 204.2%
Turnover3
Modified Duration (Yrs): 2.032
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
9
TRADING HIGHLIGHT
FR0032
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
6.769
5.993
7.692
14-Mar 15-Jun 16-Aug
6.000
7.943
6.484
5.991
7.668
5.866
5.999
7.942
5.917
WA1
835
422
1,864
Volume2
214.1% 108.3% 477.9%
Turnover3
Modified Duration (Yrs): 3.713
Last
Date
High
Low
Q4
Q1
Q2
8.138
28-Dec
8.366
7.874
7.874
114
29.1%
6.005
18-Feb
6.005
5.977
6.005
53
13.5%
8.985
13-Jun
8.985
8.751
8.764
191
48.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0033
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
8.568
5.797
8.613
13-Mar 29-Jun 25-Sep
9.172
6.848
9.292
8.519
5.661
8.461
1
8.610
5.746
8.696
WA
14,806 22,194 26,932
Volume2
596%
893% 1,083%
Turnover3
Modified Duration (Yrs): 12.002
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
5.785
15-Nov
6.017
5.709
5.732
22,060
887%
9.379
04-Jan
10.305
8.479
8.871
20,991
844%
6.102
06-Jun
6.505
5.846
6.109
24,636
991%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0034
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75,000
12.5
60,000
10.0
45,000
7.5
30,000
5.0
15,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.677
5.748
8.111
30-Mar 21-Jun 04-Sep
6.207 12.221
6.173
5.660
8.065
5.577
5.772
8.592
5.681
WA1
13,913 31,460 70,523
Volume2
333%
752% 1,686%
Turnover3
Modified Duration (Yrs): 10.873
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.550
28-Dec
9.454
8.098
8.231
24,784
593%
6.052
10-Mar
6.153
5.600
5.944
13,327
319%
9.686
02-Jun
10.539
8.164
9.701
27,083
648%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0035
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
5.622
8.458
5.744
8.116
5.979
9.815
30-Mar 20-Jun 27-Sep 12-Dec 28-Mar 25-Jun
6.154 10.045
6.023 12.280
5.783
8.857
5.662
8.089
5.554
8.164
5.632
8.217
5.764
8.578
5.689
8.217
5.974
9.936
WA1
6,555
6,292 10,118
2,965 11,185
7,231
Volume2
237.8% 228.3% 367.1% 107.6% 405.8% 262.4%
Turnover3
Modified Duration (Yrs): 1.905
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0036
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
8.332
5.516
8.253
5.643
28-Mar 30-May 30-Jul 17-Dec
22.990
5.673
8.630
5.738
8.159
5.474
7.923
5.557
1
8.367
5.668
8.278
5.559
WA
4,047
6,371
3,835
3,554
Volume2
248.6% 391.4% 235.6% 218.3%
Turnover3
Modified Duration (Yrs): 11.076
Last
Date
High
Low
Q1
Q2
8.956
31-Mar
9.379
8.059
8.059
1,391
85.4%
6.074
03-Jun
6.337
5.564
6.071
1,227
75.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0037
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.371
5.504
27-Mar 20-Jun
8.487
6.765
8.229
5.499
8.418
5.666
WA1
899
1,580
Volume2
147%
258%
Turnover3
Modified Duration (Yrs): 11.498
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.326
17-Sep
8.489
8.070
8.270
1,183
193%
5.699
9.134
6.163
10-Dec 31-Mar 02-May
5.743
9.278
6.170
5.576
8.368
5.988
5.576
9.213
6.155
450
6,429
1,704
278%
73% 1,050%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
11
TRADING HIGHLIGHT
FR0038
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
6.397
6.046
6.534
5.840
6.476
30-Mar 19-Jun 25-Sep 14-Dec 28-Mar
6.603
6.310
6.706
6.216
7.115
6.421
5.826
6.249
5.930
6.447
6.565
6.050
6.444
5.949
6.807
WA1
3,240
7,451 19,319
9,437 11,212
Volume2
420%
967% 2,507% 1,224% 1,455%
Turnover3
Modified Duration (Yrs): 9.052
Last
Date
High
Low
Q2
6.337
15-Apr
6.871
6.310
6.595
2,818
366%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0039
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.162
6.563
6.078
6.435
6.867
6.703
30-Mar 12-Apr 27-Sep 27-Dec 27-Mar 26-Jun
6.943
6.932
6.606
7.268
6.584
6.245
6.239
5.861
6.357
5.903
6.407
5.991
1
6.498
6.078
6.506
5.972
6.750
6.571
WA
6,268
2,557
3,639
3,225
6,473
2,561
Volume2
600.6% 244.9% 348.6% 309.0% 620.2% 245.4%
Turnover3
Modified Duration (Yrs): 7.583
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0040
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150,000
12.5
120,000
10.0
90,000
7.5
60,000
5.0
30,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.340
5.518
12-Jan 27-Jun
8.943
5.820
7.779
5.343
8.369
5.668
WA1
18,791 142,845
Volume2
582% 4,424%
Turnover3
Modified Duration (Yrs): 10.452
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.063
26-Jul
8.976
7.460
8.196
31,580
978%
5.592
27-Dec
6.032
5.365
5.545
8,127
252%
9.169
28-Mar
9.567
7.965
9.141
4,597
142%
5.587
27-Jun
6.442
5.472
6.189
5,430
168%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
12
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0041
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
600
12.5
480
10.0
360
7.5
240
5.0
120
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
5.603
5.959
05-Mar 31-May
5.681
5.985
5.603
5.946
5.603
5.957
WA1
309
558
Volume2
112.4% 203.0%
Turnover3
Modified Duration (Yrs): 11.232
Last
Date
High
Low
Q3
Q4
Q1
Q2
5.540
16-Jul
5.540
5.540
5.540
30
11.1%
5.670
5.281
4.290
21-Nov 31-Mar 19-May
5.283
4.290
5.812
5.812
5.263
4.283
5.812
5.281
4.290
10
439
56
3.7% 159.6% 20.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0042
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75,000
12.5
60,000
10.0
45,000
7.5
30,000
5.0
15,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.778
7.317
09-Jan 08-Jun
5.841
7.859
5.232
6.907
1
5.779
7.581
WA
29,748 69,769
Volume2
825% 1,935%
Turnover3
Modified Duration (Yrs): 4.060
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.651
27-Sep
5.935
5.457
5.756
28,799
799%
7.726
27-Dec
17.963
7.343
7.439
6,773
188%
6.014
25-Mar
6.168
5.611
5.808
33,155
919%
7.648
27-Jun
9.282
7.234
8.765
3,918
109%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0043
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100,000
12.5
80,000
10.0
60,000
7.5
40,000
5.0
20,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.661
5.771
7.223
23-Mar 18-Jun 27-Jul
6.049
7.580
6.293
5.345
6.781
5.185
5.799
7.571
5.658
WA1
18,369 63,413 86,479
Volume2
581% 2,005% 2,734%
Turnover3
Modified Duration (Yrs): 4.067
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.414
28-Dec
7.569
7.083
7.422
29,923
946%
6.046
31-Mar
6.279
5.329
5.835
8,242
261%
7.338
10-Jun
8.977
7.137
8.305
4,590
145%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
13
TRADING HIGHLIGHT
FR0044
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
7.972
N/A
5.442
N/A 07-Jun 28-Sep
N/A
5.686
8.626
N/A
5.172
7.869
N/A
5.583
8.029
WA1
N/A 54,278 15,708
Volume2
N/A 3,885% 1,124%
Turnover3
Modified Duration (Yrs): 11.043
Last
Date
High
Low
Q4
Q1
Q2
5.664
21-Dec
5.977
5.489
5.506
2,786
199%
8.751
28-Mar
9.544
8.019
8.077
5,144
368%
5.548
27-Jun
6.423
5.513
6.086
876
63%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0045
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
6.283
N/A 11-Jun
N/A
6.581
N/A
5.898
N/A
6.238
WA1
N/A 52,227
Volume2
N/A 3264%
Turnover3
Modified Duration (Yrs): 11.280
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.868
25-Sep
6.445
5.538
5.905
9,163
573%
7.014
27-Nov
7.014
5.918
6.287
1,352
84%
6.455
31-Mar
6.465
5.898
6.456
8,038
502%
7.396
27-Jun
7.832
6.309
6.472
3,999
250%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0046
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
15,000
12.5
12,000
10.0
9,000
7.5
6,000
5.0
3,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.595
N/A
N/A
N/A
N/A 27-Sep
N/A
N/A
5.818
N/A
N/A
5.554
N/A
N/A
5.622
WA1
N/A
N/A 14,746
Volume2
N/A
N/A 349.9%
Turnover3
Modified Duration (Yrs): 5.426
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.644
6.029
8.603
18-Dec 31-Mar 25-Jun
6.265
9.127
7.861
6.824
5.403
7.188
7.345
5.976
8.519
3,874
5,958 12,834
91.9% 141.4% 304.6%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
14
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0047
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
6.449
6.008
N/A
N/A
6.929
6.115
N/A
N/A 06-Sep 21-Dec 31-Mar 27-Jun
7.238
6.958
N/A
N/A
6.875
6.410
N/A
N/A
6.110
5.882
6.343
5.996
N/A
N/A
6.350
5.906
6.584
6.924
WA1
N/A
N/A 28,310 22,804 23,387 11,459
Volume2
N/A
N/A 817.6% 658.6% 675.4% 331.0%
Turnover3
Modified Duration (Yrs): 8.420
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0048
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 12.245
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
5.424
7.624
7.819
26-Sep 09-Dec 28-Mar
8.906
7.625
5.607
7.587
5.267
7.525
7.616
5.341
7.565
4,375 16,924 19,194
306% 1,184% 1,343%
Q2
5.469
27-Jun
6.220
5.305
5.894
7,446
521%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0049
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
7.445
5.687
12-Feb 17-Jun
7.444
5.720
7.437
5.561
7.440
5.647
3 17,372
0.3% 1,324%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
15
TRADING HIGHLIGHT
FR0050
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1,250
12.5
1,000
10.0
750
7.5
500
5.0
250
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
N/A
5.869
N/A 15-Feb
6.104
N/A
N/A
5.859
N/A
6.100
N/A
1,119
N/A 229.6%
Q2
7.728
25-Jun
8.887
7.713
8.779
226
46.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0014
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.879
4.858
5.975
5.126
4.552
2.142
29-Mar 07-May 07-Aug 28-Dec 31-Mar 30-Jun
4.587
2.153
6.025
5.162
5.963
4.922
5.946
5.090
5.847
4.856
4.475
2.119
1
5.964
5.137
5.879
4.865
4.528
2.129
WA
2,984
6,023
5,737
2,874
5,095
4,279
Volume2
131.1% 264.6% 252.0% 126.3% 223.8% 188.0%
Turnover3
Modified Duration (Yrs): 8.551
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0015
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1,500
12.5
1,200
10.0
900
7.5
600
5.0
300
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.272
8.465
30-Mar 25-Jun
5.290
8.500
5.272
8.422
5.272
8.422
WA1
759
1,262
Volume2
34.7% 57.6%
Turnover3
Modified Duration (Yrs): 10.692
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.235
24-Sep
5.294
5.209
5.235
113
5.2%
8.362
26-Dec
8.362
7.409
8.355
395
18.0%
4.987
26-Mar
4.999
4.719
4.987
660
30.1%
8.100
25-Jun
9.112
7.651
8.121
485
22.1%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
16
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0016
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
3,000
12.5
2,400
10.0
1,800
7.5
1,200
5.0
600
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.336
6.532
5.747
01-Feb 08-Jun 24-Sep
5.336
6.543
5.747
5.336
6.529
5.708
5.336
6.532
5.740
WA1
37
1,561
2,571
Volume2
1.7% 72.9% 120.1%
Turnover3
Modified Duration (Yrs): 7.284
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
6.596
12-Dec
6.598
6.574
6.585
526
24.6%
5.355
6.467
19-Mar 30-Jun
5.695
6.482
5.355
6.455
5.355
6.459
474
2,341
22.2% 109.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0017
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.299
5.310
8.477
29-Mar 07-May 14-Sep
5.569
8.556
5.480
5.295
8.443
4.913
1
5.302
8.482
5.306
WA
6,039
3,808
6,897
Volume2
1,140%
719% 1,302%
Turnover3
Modified Duration (Yrs): 11.073
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.342
26-Dec
8.546
7.478
8.407
1,497
283%
5.065
31-Mar
5.325
5.065
5.306
2,307
436%
8.491
26-Jun
8.732
8.472
8.497
3,247
613%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0018
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
6.603
04-Jan
6.603
6.603
6.603
WA1
165
Volume2
171%
Turnover3
Modified Duration (Yrs): 12.946
Last
Date
High
Low
Q3
6.557
- 25-Sep
6.661
6.531
6.549
1,905
- 1,972%
Q1-Q2 2008
Q4
Q1
Q2
5.339
18-Dec
5.742
5.314
5.742
664
687%
6.623
11-Mar
6.624
6.082
6.623
212
220%
5.768
09-Apr
5.768
5.768
5.768
149
154%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
17
TRADING HIGHLIGHT
VR0019
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
5.310
8.503
5.315
8.417
5.315
28-Mar 27-Jun 28-Sep 12-Dec 19-Mar
5.588
8.636
5.359
8.721
5.391
5.012
7.268
5.251
6.942
4.816
5.322
8.491
5.333
8.375
5.317
WA1
5,725 13,728 17,470
5,012 10,133
Volume2
200.8% 481.4% 612.6% 175.8% 355.3%
Turnover3
Modified Duration (Yrs): 3.806
Last
Date
High
Low
Q2
8.504
25-Jun
9.058
7.928
8.030
1,087
38.1%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0020
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.548
5.734
6.678
5.125
7.023
5.777
29-Mar 29-Jun 10-Sep 26-Dec 24-Mar 02-Jun
6.723
5.818
6.575
5.740
7.044
5.800
6.604
5.125
6.484
5.078
5.893
5.408
1
6.678
5.767
6.575
5.737
6.548
5.688
WA
2,510
3,423
4,204
2,783
4,236
5,022
Volume2
101.4% 138.3% 169.9% 112.5% 171.2% 202.9%
Turnover3
Modified Duration (Yrs): 12.771
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0021
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
3,000
12.5
2,400
10.0
1,800
7.5
1,200
5.0
600
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.936
6.667
28-Mar 27-Jun
5.936
6.681
5.668
6.660
5.670
6.677
WA1
2,542
1,365
Volume2
134.7% 72.4%
Turnover3
Modified Duration (Yrs): 3.428
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
5.655
19-Sep
5.658
5.642
5.653
1,351
71.6%
6.615
13-Nov
6.616
5.759
6.616
1,509
80.0%
5.660
17-Jan
5.661
5.660
5.660
100
5.3%
Q2
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0022
No Transaction in the Year of 2007 and Q1-Q2 2008
** Coupon Payment Period every 6 months (see page 2)
18
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0023
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
-
5.770
26-Jun
5.770
5.770
5.770
WA1
249
Volume2
11.5%
Turnover3
Modified Duration (Yrs): 13.105
Last
Date
High
Low
Q1-Q2 2008
-
-
-
Q4
Q1
Q2
5.524
16-Nov
5.745
5.464
5.464
762
35.2%
6.615
12-Feb
6.625
6.615
6.615
1,692
78.2%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0024
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
0.0
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
-
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 11.224
-
-
-
Q1
Q2
-
5.649
30-Nov
5.649
5.649
5.649
16
0.7%
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0025
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1.25
12.5
1.00
10.0
0.75
7.5
0.50
5.0
0.25
2.5
0.00
-
Executed
Yield (%)**
Last
Date
High
Low
YEAR 2007
Q1
Q2
-
Q3
-
Q4
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1-Q2 2008
-
Q1
-
-
-
-
Q2
5.492
- 26-May
5.492
5.492
5.492
0.47
0.03%
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
19
TRADING HIGHLIGHT
VR0026
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
Q4
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1
-
-
-
-
-
-
Q2
5.748
12-Feb
5.748
5.748
5.748
100
7.3%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0027
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25
12.5
20
10.0
15
7.5
10
5.0
5
2.5
0
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
-
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 6.509
-
-
-
Q2
Q1
6.647
19-Dec
6.647
6.647
6.647
20
1.5%
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0028
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.911
14-Jun
5.911
5.911
5.911
WA1
5,041
Volume2
- 286.7%
Turnover3
Modified Duration (Yrs): 6.211
Last
Date
High
Low
-
-
Q3
Q1-Q2 2008
Q4
7.078
18-Jul
7.078
7.078
7.078
1,501
85.3%
Q2
Q1
-
-
-
-
-
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0029
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
-
-
Q4
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1
-
-
-
-
-
-
Q2
7.042
24-Mar
7.042
7.042
7.042
1,803
59.1%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0030
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
0.00
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 10.533
-
Q1-Q2 2008
Q4
-
5.833
28-Sep
5.833
5.833
5.833
4
0.2%
Q2
Q1
-
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0031
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
6.057
6.943
- 07-May 12-Sep
6.943
6.057
6.293
5.758
6.293
5.904
WA1
4,108 10,112
Volume2
64.9% 159.7%
Turnover3
Modified Duration (Yrs): 6.561
Last
Date
High
Low
-
Q1-Q2 2008
Q4
Q1
Q2
7.011
19-Dec
7.011
6.604
6.605
2,463
38.9%
6.039
04-Mar
6.045
6.039
6.042
2,698
42.6%
6.951
12-Jun
6.952
6.951
6.951
2,001
31.6%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0032
No Transaction in Q2-2008
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
21
TRADING HIGHLIGHT
ORI001
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,500
12.5
2,000
10.0
1,500
7.5
1,000
5.0
500
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
8.204
8.206
8.223
8.275
29-Mar 23-Apr 19-Sep 28-Dec
8.488
8.445 15.818
8.487
8.016
8.058
8.020
8.084
8.124
8.213
8.152
8.161
WA1
2,422
1,456
2,204
1,486
Volume2
330.6% 198.8% 300.9% 202.8%
Turnover3
Modified Duration (Yrs): 7.780
Last
Date
High
Low
Q1
Q2
8.308
28-Mar
8.464
8.022
8.320
716
97.7%
8.381
30-Jun
8.639
8.293
8.395
177
24.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ORI002
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)#
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
8.878
8.880
8.979
9.431
8.991
8.832
30-Mar 29-Jun 27-Sep 28-Dec 28-Mar 30-Jun
9.132
9.870
8.958
9.063
9.520
9.109
8.710
8.467
8.747
8.447
8.425
8.969
1
8.785
8.876
8.906
8.772
8.999
9.347
WA
2,058
5,822
2,665
3,093
5,332
4,629
Volume2
132.1% 373.6% 171.0% 198.5% 342.2% 297.0%
Turnover3
Modified Duration (Yrs): 10.968
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ORI003
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
N/A
N/A
7.886
8.785
7.880
7.929
N/A
N/A 21-Sep 30-Nov 11-Mar 30-Jun
8.084
8.785
N/A
N/A
7.992
8.389
N/A
N/A
7.822
7.510
7.754
7.890
N/A
N/A
7.902
7.809
7.971
8.469
WA1
N/A
N/A
4,228
2,569
5,072
5,116
Volume2
N/A
N/A 180.6% 109.7% 216.6% 218.5%
Turnover3
Modified Duration (Yrs): 5.287
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
22
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ORI004
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.958
8.691
N/A 18-Mar 10-Jun
8.309
9.264
N/A
N/A
7.914
7.943
N/A
7.990
8.467
N/A
4,408 28,085
N/A 131.0% 834.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
23
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24
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
C O R P O R A T E
B O N D S
ADHI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ADHI KARYA (PERSERO) TBK
:
:
:
:
:
ADDRESS
Jl. Raya Pasar Minggu KM 18
Jakarta - 12510
Phone : (021) 797-5312
Fax : (021) 797-5311
idABuilding Construction
www.adhi-karya.com
Kurnadi Gularso
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
The name Adhi Karya mentioned for the first time in the Decree of the
Minister of Public Works and Labor dated 11th of March 1960. Later on,
based on the Government Regulation No. 65 year 1961, the name was
changed to become Perusahaan Negara Adhi Karya. In the same year
and based on the same regulation, the formerly Dutch owned company
but then nationalized, Associatie NV merged with the Company. In
1974, based on Act No. 1 dated June 1, 1974 juncto Amendment Act
No. 2 dated December 3, 1974 both by Kartini Mulyadi, SH, Notaries in
Jakarta, PT Adhi Karya (Persero) was established.
The Company’s Statutes undergone several amendments. The last one
was based on the Deed of Minutes of Meeting of Extraordinary General
Meeting of Shareholders of Limited Liability Company PT Adhi Karya
(Persero) Tbk. dated 19-6-2008 (nineteen day of June two thousand and
eighth) number 39, which made before Dr. A. Partomuan Pohan, S.H.,
LL.M, Notary Public in Jakarta.
Currently, ADHI has three lines of business which are:
1. Construction Service
Undertaking projects divided mainly into:
a. Infrastructure
Major public works and infrastructure projects i.e. roads and
bridges, irrigations, power plants, ports, etc.
b. Buildings
High-rise buildings; public facility buildings; commercial buildings;
residential buildings; industrial and manufacturing buildings;
mechanical and electrical works, power transmission and main
stations, building automation, air system and sound system,
radio, telecommunication and instrumentation, etc.
2. Engineering Procurement Construction (EPC)
ADHI undertakes designing, planning and procurement prior to actual
construction of the project. Since by its nature EPC projects offer a
higher profit margin than simple construction projects, ADHI aims to
develop and secure more EPC projects in the future.
3. Investment
Investment constitutes a new line of business that is altogether
different from the construction business. ADHI will undertake
selectively and focus more on infrastructure-related investments.
Now, ADHI has extended its projects to several Middle Eastern
countries. This has strengthen its position to become a true champion
in the construction service business and a choice in the EPC as well as
investment in the field of infrastructure in Indonesia and several selected
countries.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
174,005
813,264
179,041
65,092
126,437
38,839
2,869,948
973,154
2,425,550
3,737
544,000
180,132
1,801
100
240,481
440,661
784,298
1,091,047
264,231
149,585
147,233
6,468
4,333,167
1,627,765
3,787,812
14,121
544,000
180,132
1,801
100
331,055
531,235
350.73
34.16
47.58
129.81
16.45
-83.35
50.98
67.27
56.16
277.82
37.66
20.55
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
4,328,860
3,926,033
436,987
185,287
251,700
-122,793
128,906
33,036
-289
95,581
4,973,867
4,516,924
495,456
204,362
291,094
-137,257
153,838
40,927
-1,310
111,601
14.90
15.05
13.38
10.29
15.65
-11.78
19.34
23.88
-352.92
16.76
5.50
3.33
2.21
5.81
7.13
2.58
2.24
5.85
29.54
-22.67
1.62
0.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
26
Code
Series Name
ADHI04
IV Tahun 2007
SMKADHI01
Sukuk Mudharabah I
Tahun 2007
Outstanding
(Rp Million)
375,000
125,000
Listing
Date
09-Jul-07
09-Jul-07
Maturity
Date
06-Jul-12
06-Jul-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 11.00%
06-Oct-07
06-Jan-08
06-Apr-08
06-Jul-08
idA-
Nisbah of Revenue
Sharing: 76.39%
06-Oct-07
06-Jan-08
06-Apr-08
06-Jul-08
idA-(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ADHI04
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.763
N/A
N/A 29-Jun
N/A
9.763
N/A
9.743
N/A
9.753
WA1
N/A
6.03
Volume2
N/A
6.4%
Turnover3
Modified Duration (Yrs): 5.938
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
9.698
27-Sep
9.791
9.652
9.791
51.47
54.9%
9.749
13-Dec
9.888
9.737
9.845
87.53
93.4%
9.844
27-Mar
9.885
9.778
9.854
31.42
33.5%
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SMKADHI01
Trading Volume
(Rp Billion)
1.25
12.5
1.00
10.0
0.75
7.5
0.50
5.0
0.25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 3.657
Last
Date
High
Low
Q1
Q3
Q4
9.787
05-Jul
9.787
9.787
9.787
1.00
3.2%
9.025
02-Oct
9.025
9.025
9.025
1.12
3.6%
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Code
No.
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
ADHI04
9.652
9.888
9.845
145
0.279
38.67%
5.938
2.
SMKADHI01
9.025
9.787
9.025
2
0.004
1.70%
3.657
147
0.283
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
ADHI04 - 6
51
Q2-2007
Q3-2007
Q4-2007
Outstanding
88
375
Outstanding
--
SMKADHI01 - 11
--
125
Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
27
ADMF ADIRA DINAMIKA MULTIFINANCE TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
PROFILE
Built on a strong willingness to become the best and highly reputable
company in consumer automotive financing sector, PT Adira Dinamika
Multi Finance Tbk (“Adira Finance”), which was established since 1990,
has become the largest multi-brand automotive financing companies in
Indonesia in terms of market share and total managed assets.
In March 2004, Adira Finance conducted an initial public offering,
followed by the private placement, which allowed the transfer of 75.0%
share ownership held by former shareholders to Bank Danamon, one
of the largest national private banks, owned by Temasek Group from
Singapore. With the fully support from Bank Danamon, Adira Finance
continues to expand its business by creating competitive advantages
in order to be able to bring superior value to both consumers and
stakeholders.
In line with Adira Finance’s core competence in managing risk of retail
financing business, Adira Finance is concentrating more on the financing
of the high-yield assets. With sizable funding support from Bank
Danamon, also high professionalism and dedication, Adira Finance
currently are able to record new financing of above Rp 12 trillion, with
assets managed of Rp 14 trillion.
Adira Finance has established strong foundations to support its future
growth, including a wide business networks, strong organization
capabilities, reliable funding source and highly competent and loyal
employees. All of these efforts have brought a sense of pride and
affection to Adira Finance.
Meanwhile, learning from past experiences in going through challenging
and difficult conditions, Adira Finance continued to expand its wings
and developed a proper strategy by starting innovation in new financing
products and continuing to serve consumers who need to obtain financing
in acquiring motorcycle or car and strengthening its position as a multibrand automotive financing company. Such strategy has been proven
to be effective in line with the growth in automotive industry particularly
the growth in motorcycle and with the support of 14,000 employees
and above 300 business networks spread throughout many cities in
Indonesia, Adira Finance has strengthened its position to become the
leading companies in automotive consumer financing in Indonesia,
without the need to be affiliated with any particular brand.
28
ADDRESS
Graha Adira, 10th - 12th Fl.
Jl. Menteng Raya No. 21 Jakarta - 10340
Phone : (021) 391-8686, 392-4825 (hunting)
Fax : (021) 392-4827
idAAFinancial Institution
http://www.adira.co.id
Hafid Hadeli
Bank Permata Tbk
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
345,919
31,036
376,313
30,927
8.79
-0.35
1,781,400
1,905,356
6.96
60,025
148,545
2,906,905
195,833
44,368
2,000,254
4,000
400,000
100,000
1,000
100
806,651
906,651
88,116
176,620
3,301,818
145,833
37,081
2,077,205
4,000
400,000
100,000
1,000
100
1,124,613
1,224,613
46.80
18.90
N/A
13.59
-25.53
-16.42
3.85
39.42
35.07
1,983,671
1,323,091
660,580
2,483,609
1,682,790
800,819
25.20
27.19
N/A
21.23
196,641
463,939
241,109
559,710
22.61
20.64
2.21
15.96
23.39
33.30
1.70
16.95
22.54
32.24
-23.12
6.21
-3.64
-3.17
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
ADMF02A
1.
2.
II Tahun 2006 Seri A
ADMF02B
3.
Outstanding
(Rp Million)
570,000
90,000
II Tahun 2006 Seri B
ADMF02C
II Tahun 2006 Seri C
90,000
Listing
Date
09-Jun-06
09-Jun-06
09-Jun-06
Maturity
Date
08-Jun-09
08-Jun-10
08-Jun-11
3 Years
4 Years
5 Years
Coupon
Payment
Date
Coupon
Structure
Issue
Term
Rating
Fixed: 14.40%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
Fixed: 14.50%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
Fixed: 14.60%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
TRADING HIGHLIGHT
ADMF02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
9.965 10.112 10.080
29-Mar 18-Jun 21-Sep
11.944 12.093 11.991
9.935 10.002
9.944
9.976
9.935 10.114
WA1
353.18 190.79 331.67
Volume2
247.8% 133.9% 232.8%
Turnover3
Modified Duration (Yrs): 8.158
Last
Date
High
Low
Q4
Q1
Q2
10.019
28-Dec
10.698
9.931
10.201
80.64
56.6%
10.076 10.055
27-Mar 06-May
10.569 10.472
9.983 10.055
10.076 10.228
135.93 333.16
95.4% 233.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ADMF02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.005 10.030
05-Jan 12-Jun
10.005 10.853
10.005 10.030
1
10.852
10.005
WA
1.07
6.27
Volume2
4.8% 27.9%
Turnover3
Modified Duration (Yrs): 4.699
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.210
05-Jul
10.210
10.210
10.210
3.15
14.0%
10.293
16-Nov
10.293
10.293
10.293
1.02
4.6%
10.045
12-Mar
10.045
10.045
10.045
1.06
4.7%
10.130
01-Apr
10.130
10.130
10.130
3.19
14.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ADMF02C
No Transaction in the Year of 2007 and Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
29
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
ADMF02A
9.931
12.093
10.201
956
1.84
167.77%
8.158
2.
ADMF02B
10.005
10.853
10.293
12
0.02
12.79%
4.699
3.
ADMF02C
-
-
-
-
-
-
-
968
1.86
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
ADMF02A
Q2-2007
353
Outstanding
Q3-2007
Q4-2007
191
Outstanding
332
570
81
--
ADMF02B
Outstanding
90
--
90
--
ADMF02C -Outstanding
-
30
100
200
300
400
500
600
700
800
900
1,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
31
AIRJ
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
AETRA AIR JAKARTA (FORMERLY: THAMES PAM JAYA)
:
:
:
:
:
ADDRESS
Sampoerna Strategic Square, South Tower 28th Fl.
Jl. Jend. Sudirman Kav. 45-46, Jakarta 12930
Phone : (021) 577-2030
Fax : (021) 577-2041
A-(idn)
Water utilities
Yosua Lusopatia Tobing
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
The Company is a drinking water providing company with 25 years
concessin under cooperartion with PDAM DKI Jakarta (PAM JAYA).
Scopes of the cooperation are management, operation and maintenance,
as well as investement for optimizing, expanding and improving drinking
water service for community within eastern area of DKI Jakarta, Central
Jakarta area and the whole area of East Jakarta with Ciliwung River as
operational area border.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
150,536
118,166
12,313
290,091
437,803
1,021,448
132,765
747,811
880,576
176,500
87,191
25
3,530
-127,955
140,872
145,872
117,000
19,100
294,585
479,588
1,331
1,003,361
85,838
713,803
799,641
176,500
87,191
25
3,530
-65,107
203,720
-3.10
-0.99
55.12
1.55
9.54
N/A
-1.77
-35.35
-4.55
-9.19
N/A
49.1
44.6
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
617,949
247,429
370,520
209,968
160,552
13,761
174,312
53,682
120,631
626,735
267,582
359,153
189,032
170,121
-64,716
105,405
42,557
62,848
1.42
8.14
-3.07
-9.97
5.96
N/A
-39.53
-20.72
N/A
-47.90
6.25
11.81
19.52
25.98
3.93
6.26
10.03
27.14
-37.21
-46.96
-48.63
4.47
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
32
Code
AIRJ01A
AIRJ01B
Series Name
I Tahun 2008 Seri A
I Tahun 2008 Seri B
Outstanding
(Rp Million)
97,000
149,500
Listing
Date
14-Mar-08
14-Mar-08
Maturity
Date
13-Mar-11
13-Mar-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
3 Years
5 Years
Rating
Fixed: 11.30%
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
A-(idn)
Fixed: 12.50%
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
A-(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
Code
3.
Outstanding
(Rp Million)
Series Name
AIRJ01C
I Tahun 2008 Seri C
368,000
Listing
Date
14-Mar-08
Maturity
Date
13-Mar-15
Issue
Term
Coupon
Payment
Date
Coupon
Structure
7 Years
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
Fixed: 13.25%
Rating
A-(idn)
TRADING HIGHLIGHT
AIRJ01A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.162
31-Mar
9.163
9.162
9.163
20.00
82.5%
9.202
11-Apr
9.203
9.202
9.203
20.10
82.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
AIRJ01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2.50
12.5
2.00
10.0
1.50
7.5
1.00
5.0
0.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.863
26-Mar
9.863
9.863
9.863
2.00
5.4%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
AIRJ01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.280
28-Mar
10.280
10.280
10.280
1.00
1.1%
10.386
24-Jun
10.397
10.342
10.391
7.00
7.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
33
ALFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ALFA RETAILINDO TBK
:
:
:
:
:
ADDRESS
Komplex BIDEX Blok G - No. 25-31
Jl. Pahlawan Seribu, Bumi Serpong Damai, Tangerang 15321
Phone : (021) 5316-4350
Fax : (021) 5316-4310/20/3040; 5316 4311 - 15
idARetail Trade
http://www.alfa-retail.co.id/
Surjadi Budiman
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
101,574
51,946
215,922
381,552
328,292
5,051
744,926
207,400
168,214
375,614
421
630,000
234,000
468
500
131,105
368,891
158,664
39,466
141,920
344,663
303,870
2,334
688,375
270,878
44,199
315,078
630,000
234,000
468
500
135,281
373,298
56.20
-24.02
-34.27
-9.67
-7.44
-53.79
-7.59
30.61
-73.72
-16.12
-100.00
3.19
1.19
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,624,924
3,396,528
228,396
315,373
15,885
18,559
34,444
-4,642
-11
39,074
3,175,322
2,942,243
233,080
345,379
-18,519
12,606
-5,913
-9,950
139
4,176
-12.40
-13.37
2.05
9.51
N/A
-32.07
N/A
-114.36
N/A
-89.31
1.02
5.25
1.08
0.44
0.84
0.61
0.13
-0.58
-17.11
-88.43
-87.80
N/A
BALANCE SHEETS
PT Alfa Retailindo Tbk was founded on August 4, 1989. The Group’s
principal activities are general trading including distribution, dealership
and grocers. The Group operated 26 supermarkets under the name
of ‘Alfa Super’ and ‘Alfa Toko Gudang Rabat’, and 8 grocers located
in Jakarta, Tangerang, Bekasi, Depok, Medan, Bandung, Cirebon,
Semarang, Solo, Yogyakarta, Surabaya, Malang, Jember, Denpasar,
Ujung Pandang and Bandar Lampung. Supermarket accounted for 58%
of 2001 revenues; grocer, 39% and distribution, 3%. The Company has
also 90% shares of PT Betasetia Mega (BSM). PT BSM founded on
1994, domiciles in Jakarta, and representing as a “sole distributor” of PT
Unilever Indonesia Tbk.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
34
Code
ALFA01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
125,000
Listing
Date
18-Jul-03
Maturity
Date
16-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.75%
16-Jan-07
16-Apr-07
16-Jul-07
16-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ALFA01XXBFTW
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
10.041 10.137 10.041 10.113
26-Feb 25-Jun 25-Sep 17-Dec
10.263 10.150 10.119 10.113
9.864
9.858
10.000
9.842
10.041
9.878 10.037
9.940
WA1
51.54
9.23
42.17
49.68
Volume2
29.5% 134.9% 164.9% 159.0%
Turnover3
Modified Duration (Yrs): 5.378
Last
Date
High
Low
Q1
Q2
9.624
3.593
31-Mar 25-Jun
9.624
3.594
9.427
3.412
3.593
9.624
19.19
57.25
61.4% 183.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
No.
Code
1.
ALFA01XXBFTW
9.842
High
Weighted Avg.
Executed
Yield (%)
10.263
% of Total
Turnover
Ratio
(%)
153
0.29
122.10%
153
0.29
TRADING VOLUME
(Billion Rp)
9.940
TOTAL
Modified
Duration (Yrs)
End of Year
5.378
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
9
ALFA01XXBFTW
Q2-2007
42
Q4-2007
Outstanding
52
50
125
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
165
35
APEX
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
APEXINDO PRATAMA DUTA TBK
:
:
:
:
:
ADDRESS
Medco Building, 2nd - 3rd
Jl. Ampera Raya No. 20 Jakarta - 12560
Phone : (021) 780-4766, 780-0840
Fax : (021) 788-0815, 780-4666
idA+
Crude Petroleum & Natural Gas Production
http://www.apexindo.com
Ade R. Satari
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Apexindo Pratama Duta Tbk is a national oil, gas and geothermal
drilling contractor. Its existing fleet of drilling units comprise of 4
submersible swamp barges, 2 jack-up rigs, and 7 onshore drilling rigs.
Apexindo’s new super premium jack up Soehanah and swampbarges
- Maera, Raisis, Raissa and Yani - are currently committed to long-term
contracts with Total E&P Indonesie in East Kalimantan, while the jackup Raniworo is presently undertaking its long term project in Sampang,
Madura with Santos.
All of the company’s onshore rigs are located throughout Indonesia.
Apexindo acquired these land rigs in 2001, as a result of its merger with
PT Medco Antareja, a company specialized in onshore drilling services
that was established in 1983.
Apexindo human resources are highly skilled professionals. Our drillers
are certified by the International Well Control Forum. To maintain the
highest level of professionalism, we continuously provide both in-house
and outsource enhancement training.
The focus on Health, Safety and Environment (HSE) is also paramount
in our employee’s work culture. Our excellent safety record is like a
passport in obtaining new contracts. It allows the Company to gain entry,
also business confidence, in all areas of oil and gas drilling industry.
To maintain our high quality standard, the Company has gone through the
audit process for ISO 9001:2000 certification by applying strategies that
include improving business process management. These strategies are
not only serving as guidelines when conducting business; they also help
to assure focus and commitment to optimize performance. On November
2005, Apexindo has been awarded an ISO 9001:2000 certification for
successfully implementing the Quality Management System.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
232,090
322,754
110,273
891,518
3,062,002
153
4,043,663
192,506
1,913,552
2,106,058
3,000,000
1,311,678
2,623
500
566,754
1,937,604
412,957
430,218
152,607
1,207,711
3,370,203
1,296
4,610,420
464,891
1,938,061
2,402,952
3,000,000
1,316,833
2,634
500
1,012,825
2,207,468
77.93
33.30
38.39
35.47
10.07
749.01
14.02
141.49
1.28
14.10
N/A
0.39
0.39
78.71
13.93
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,435,917
945,477
490,441
77,077
413,363
146,039
559,403
178,621
380,782
1,884,007
1,165,795
718,213
86,816
631,397
-197,998
433,399
110,306
323,093
31.21
23.30
46.44
12.63
52.75
N/A
-22.52
-38.25
N/A
-15.15
1.09
9.42
26.52
28.79
1.09
7.01
17.15
33.51
0.15
-25.58
-35.33
16.42
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
36
Code
Series Name
APEX01A
I Tahun 2005
APEX01B
Syariah Ijarah I Tahun
2005
Outstanding
(Rp Million)
510,000
240,000
Listing
Date
11-Apr-05
11-Apr-05
Maturity
Date
08-Apr-10
08-Apr-10
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.25%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA+
Ijarah Fee
Rp29,400,000,000 p.a
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA+(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
APEX01A
Trading Volume
(Rp Billion)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.309 10.143 11.208 10.974 10.505 10.350
27-Mar 18-Jun 27-Sep 28-Dec 31-Mar 19-Jun
10.769 10.532 11.238 10.974 10.577 10.553
10.193
9.856 10.040 10.150 10.166
9.987
10.373 10.532 10.155 10.212 10.505 10.270
WA1
338.45
86.63 196.77 176.59 210.28 163.20
Volume2
265.5% 67.9% 154.3% 138.5% 164.9% 128.0%
Turnover3
Modified Duration (Yrs): 3.719
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APEX01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
11.035 10.134
29-Mar 28-Jun
11.035 10.456
10.272 10.040
1
10.515 10.155
WA
48.91
34.46
Volume2
81.5% 57.4%
Turnover3
Modified Duration (Yrs): 5.048
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.193
18-Sep
10.251
10.056
10.082
47.42
79.0%
10.197
19-Dec
10.515
10.197
10.515
49.58
82.6%
10.343
26-Mar
10.515
10.185
10.343
11.71
19.5%
10.430
04-Jun
10.430
10.135
10.154
9.58
16.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Weighted Avg.
Executed
Yield (%)
No.
Code
1.
APEX01A
9.856
11.238
10.212
2.
APEX01B
10.040
11.035
10.515
Low
High
TOTAL
% of Total
Turnover
Ratio
(%)
798
1.54
156.56%
3.719
180
0.35
75.15%
5.048
979
1.89
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
APEX01A
Q2-2007
Q3-2007
338
Q4-2007
87
Outstanding
197
49
34
47
50
--
240
Outstanding
-
80
160
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
177
--
510
APEX01B
Outstanding
E X C H A N G E
240
320
400
480
560
640
720
800
37
APOL ARPENI PRATAMA OCEAN LINE TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma BSG, 7th Fl. Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5350
Fax : (021) 350-5440
idA
Transportation
http://www.apol.co.id
Ronald Nangoi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Arpeni Pratama Ocean Line Tbk is one of Indonesia’s leading
diversified shipping companies, owning and operating the largest fleet
of Indonesian flagged bulk carriers. With its comprehensive fleets,
comprising Capesize, Panamax and Handysize vessels, tugboats,
barges and floating cranes, Arpeni has the capacity to provide its end-toend logistic solution services
Arpeni is the leading provider of maritime coal transportation services to
the Indonesian power plants, particularly to the Suralaya Power Plant,
the largest power plant in Indonesia, and to Tanjung Jati B Power Plant.
We have been awarded by PT PLN (Persero) Pembangkitan Tanjung
Jati B a contract of Coal Shipping and Jetty Management Services at
Tanjung Jati B coal steam fired Power Plant for a period of 15 years.
In the first half of 2008, the Company operated 76 wholly-owned vessels,
comprising nine bulk carriers, three general cargo vessels, three tankers,
one LPG carrier, 27 tug boats, 23 barges, nine floating cranes and one
crew boat.
In September 2008, the Company received the delivery of one unit of
Capesize bulk carrier with the capacity of about 150 thousand dwt. By
the operation of this vessel, Arpeni now becomes the only Indonesian
shipping company that owns a capesize bulk carrier, increasing its total
capacity of fleet from 743.3 thousand dwt to be 890.7 thousand dwt.
Arpeni also provides general cargo, liquid cargo maritime transportation
services, as well as supporting services, such as agency, ship management and stevedoring.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
266,336
721,535
44,750
1,258,972
2,161,760
224,349
3,702,989
614,787
1,817,331
2,432,118
10,027
1,000,000
749,651
2,999
250
348,356
1,260,843
438,521
806,372
49,444
1,570,099
2,571,935
177,663
4,930,022
908,598
2,509,220
3,417,818
16,349
1,000,000
749,651
2,999
250
553,628
1,495,856
64.65
11.76
10.49
24.71
18.97
-20.81
33.14
47.79
38.07
40.53
63.05
58.93
18.64
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,354,568
945,280
409,288
94,923
314,365
-96,544
217,821
19,644
-4,227
193,950
1,617,553
1,072,895
544,658
116,114
428,544
-176,848
251,697
23,710
-3,428
223,264
19.41
13.50
33.07
22.32
36.32
-83.18
15.55
20.70
18.90
15.11
1.93
5.24
14.32
23.21
2.28
4.53
13.80
26.49
18.45
-13.54
-3.60
14.16
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
38
Code
APOL01XXBFTW
APOL02A
Series Name
I Tahun 2003
II Tahun 2008 Seri A
Outstanding
(Rp Million)
171,000
276,000
Listing
Date
03-Oct-03
19-Mar-08
Maturity
Date
02-Oct-08
18-Mar-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.25%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
idA
Fixed: 12.00%
18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
APOL02B
3.
II Tahun 2008 Seri B
324,000
19-Mar-08
18-Mar-15
7 Years
18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09
Fixed: 12.50%
idA
TRADING HIGHLIGHT
APOL01XXBFTW
Trading Volume
(Rp Billion)
200
15.0
160
12.0
120
9.0
80
6.0
40
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
Q1
Q2
13.605 12.964 13.823 13.400 12.617 12.918
30-Mar 28-Jun 27-Sep 19-Dec 27-Mar 08-May
14.032 13.326 13.863 13.750 13.640 13.236
12.855 12.713 12.661 13.122 12.617 12.522
13.252 13.326 12.856 13.527 12.617 13.236
WA1
138.21
71.09 183.06 112.93
45.51 184.41
Volume2
323.3% 166.3% 428.2% 264.2% 106.5% 431.4%
Turnover3
Modified Duration (Yrs): 3.498
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APOL02A
Trading Volume
(Rp Billion)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.037
19-Mar
10.037
10.037
10.037
5.50
8.0%
9.993
30-Jun
10.143
9.993
9.993
8.10
11.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APOL02B
No Transaction in Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
APOL01XXBFTW
Low
High
12.661
14.032
% of Total
Turnover
Ratio
(%)
505
0.97
295.49%
505
0.97
TRADING VOLUME
(Billion Rp)
13.527
TOTAL
Modified
Duration (Yrs)
End of Year
3.498
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
APOL01XXBFTW
138
Outstanding
50
100
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Q3-2007
71
171
-
I N D O N E S I A
Q2-2007
E X C H A N G E
Q4-2007
Outstanding
183
113
-150
200
250
300
350
400
450
500
550
39
ASDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ASTRA SEDAYA FINANCE
:
:
:
:
:
ADDRESS
Jl. T.B Simatupang No. 90, Tanjung Barat
Jagakarsa, Jakarta - 12530
Phone : (021) 788-59000
Fax : (021) 7885-1182
idAAFinancial Institution
http://www.AutoCybercenter.com
Daniel Sutanto
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
Incorporated in Jakarta at July 15, 1982 under the name of PT Raharja
Sedaya, based on the Deed of the Notary Rukmasanti Hardjasatya SH,
No. 50, the Company started operations in mid of 1983. In the year of
1989 the name was changed into PT Raharja Sedaya Finance. Then,
under the Deed of Statements of Meeting Resolutions No. 161 dated
December 20, 1990, the name was changed from PT Raharja Sedaya
Finance to PT Astra Sedaya Finance (ASF).
With the establishment of ASF, Astra started consumer financing services
through ASF and associated companies (Known as the “Astra Credit
Companies” or ACC). Following the government regulation under the
Decree of the Minister of Finance No. 448 of 2000, ASF is only allowed
to have a stake of maximally 25 % of the associated companies. To date
the associated companies in the ACC include the following:
PT Astra Multi Finance is a joint venture company of PT Astra International
Tbk and the Marubeni Corp. Itachu, Capella Medan and Tunas Mobilindo
Parama. However, as PT Astra Multi Finance owns a business in the
same line, the activities are channeled through the ACC group.
1. PT Swadharma Bhakti Sedaya Finance, an associated companies
between ASF and Yayasan Dana Pensiun Bank Negara Indonesia.
PT Sedaya Pratama and PT Tri Handayani Utama.
2. PT Estika Sedaya Finance, an associated company between ASF
and Yayasan Dana Pensiun Bank Bumi Daya and PT Sedaya
Pratama.
3. PT Stacamitra Sedaya Finance, an associated company between
ASF and Yayasan Dana Pensiun Bank Mandiri Dua and PT
Sedaya Pratama.
4. PT Astra Auto Finance, an associated company between ASF and
PT Astra International Tbk, PT Astra Daihatsu Motor, Nichimen
Corporation and PT Tjahja Sakti Motor Corporation.
5. PT Surya Artha Nusantara Finance, an associated company
between ASF and Marubeni Corporatuion and PT Sedaya Multi
Investama.
6. PT Astra Multi Finance is a joint venture company of PT Astra
International Tbk and the Marubeni Corp. Itachu, Capella Medan
and Tunas Mobilindo Parama. However, as PT Astra Multi Finance
owns a business in the same line, the activities are channeled
through the ACC group.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
128,804
87,807
217,168
49,809
68.60
-43.27
7,050,053
6,224,683
-11.71
168,140
116,521
317
8,028,077
4,136,507
14,598
6,805,982
200
200,000
112,830
113
1,000
1,078,883
1,222,095
94,675
121,589
317
7,444,148
3,652,266
65,499
6,065,547
200
200,000
112,830
113
1,000
1,235,389
1,378,601
-43.69
4.35
-7.27
-11.71
348.68
-10.88
14.51
12.81
1,968,388
1,670,216
298,172
1,623,191
1,211,863
411,328
-17.54
-27.44
N/A
37.95
87,467
210,705
126,405
284,923
44.52
35.22
5.57
2.62
10.70
15.15
4.40
3.83
17.55
25.34
-21.00
45.83
63.98
67.29
AS OF JUNE 2008
No.
1.
2.
40
Code
Series Name
ASDF05G
V Tahun 2004 Seri G
ASDF06J
VI Tahun 2005 Seri J
Amortisasi
Outstanding
(Rp Million)
100,000
90,000
Listing
Date
27-Oct-04
25-Feb-05
Maturity
Date
26-Oct-08
24-Feb-09
Issue
Term
4 Years
4 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 11.25%
26-Jan-07
26-Apr-07
26-Jul-07
26-Oct-07
idAA-
Fixed: 10.625%
24-Feb-07
24-May-07
24-Aug-07
24-Nov-07
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Code
Series Name
ASDF06K
VI Tahun 2005 Seri K
Amortisasi
ASDF07D
ASDF07E
ASDF07F
ASDF08A
ASDF08B
ASDF08C
ASDF08D
ASDF08E
ASDF08F
VII Tahun 2006 Seri D
VII Tahun 2006 Seri E
VII Tahun 2006 Seri F
VIII Tahun 2007 Seri A
VIII Tahun 2007 Seri B
VIII Tahun 2007 Seri C
VIII Tahun 2007 Seri D
VIII Tahun 2007 Seri E
VIII Tahun 2007 Seri F
Outstanding
(Rp Million)
100,000
100,000
150,000
50,000
190,000
100,000
75,000
35,000
200,000
200,000
Listing
Date
25-Feb-05
14-Jun-06
14-Jun-06
14-Jun-06
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
Maturity
Date
24-Feb-10
13-Dec-08
13-Jun-09
13-Dec-09
03-Jul-08
28-Dec-08
28-Jun-09
28-Dec-09
28-Jun-10
28-Dec-10
Issue
Term
5 Years
30 Months
36 Months
42 Months
370 Days
18 Months
24 Months
30 Months
36 Months
42 Months
Coupon
Structure
Coupon
Payment
Date
Rating
Fixed: 11.00%
24-Feb-07
24-May-07
24-Aug-07
24-Nov-07
idAA-
Fixed: 14.00%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 14.10%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 14.20%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 9.00%
03-Jul-07
03-Oct-07
03-Jan-08
03-Apr-08
idAA-
Fixed: 9.30%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 9.375%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 9.80%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 10.10%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 10.30%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
idAA-
13.
ASDF08G
VIII Tahun 2007 Seri G
200,000
29-Jun-07
28-Jun-11
48 Months
Fixed: 10.35%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
14.
ASDF09A
IX Tahun 2008 Seri A
305,000
10-Mar-08
11-Mar-09
370 Days
Fixed: 9.075%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idAA-
Fixed: 9.125%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
15.
ASDF09B
IX Tahun 2008 Seri B
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
128,000
10-Mar-08
06-Sep-09
18 Months
41
No.
Code
16.
Series Name
ASDF09C
17.
ASDF09D
18.
ASDF09E
19.
ASDF09F
Outstanding
(Rp Million)
IX Tahun 2008 Seri C
133,000
IX Tahun 2008 Seri D
68,000
IX Tahun 2008 Seri E
145,000
IX Tahun 2008 Seri F
221,000
Listing
Date
10-Mar-08
10-Mar-08
10-Mar-08
10-Mar-08
Maturity
Date
06-Mar-10
06-Sep-10
06-Mar-11
06-Sep-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
24 Months
30 Months
36 Months
42 Months
Rating
Fixed: 9.625%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 9.875%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 10.125%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 10.30%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
TRADING HIGHLIGHT
ASDF05G
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.311
8.381
07-Mar 26-Jun
8.508
9.115
8.328
8.311
1
8.387
8.325
WA
2
46.62
21.98
Volume
93.2% 44.0%
Turnover3
Modified Duration (Yrs): 6.543
Last
Date
High
Low
Q3
Q4
Q1
8.327
8.358
8.207
13-Sep 26-Dec 27-Mar
9.106
8.414
8.253
8.224
8.133
8.242
8.327
8.358
8.207
29.73 111.29
45.51
59.5% 222.6% 121.3%
Q2
7.870
30-Jun
7.870
7.781
7.861
12.82
51.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF06J
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
7.962
7.975
10-Jan 13-Jun
7.962
7.994
7.962
7.967
7.994
7.962
WA1
23.03
28.09
Volume2
76.8% 93.6%
Turnover3
Modified Duration (Yrs): 9.083
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
7.991
28-Sep
7.991
7.944
7.991
26.20
87.3%
7.961
01-Oct
7.961
7.961
7.961
1.00
3.3%
7.856
7.880
25-Mar 26-May
7.938
7.880
7.856
7.804
7.856
7.815
23.29
22.27
77.6% 99.0%
Q2
1
-
-
Q1-07
42
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF06K
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
8.140
8.624
28-Feb 26-Jun
8.624
8.173
8.140
8.082
8.144
8.082
WA1
2
2.10
8.06
Volume
8.4% 32.3%
Turnover3
Modified Duration (Yrs): 9.826
Last
Date
High
Low
Q4
7.994
04-Sep
8.040
7.994
7.994
5.16
20.6%
Q1
Q2
-
-
-
-
-
7.942
17-Apr
7.942
7.757
7.777
0.53
2.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF07D
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.059
14-Mar
11.059
10.721
11.059
WA1
9.55
Volume2
38.2%
Turnover3
Modified Duration (Yrs): 7.337
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
10.392 11.300
30-Jul 28-Dec
10.406 11.693
10.363 10.313
10.374 11.449
31.62
49.58
126.5% 198.3%
Q1
Q2
10.318 10.558
23-Jan 05-May
10.318 10.558
10.261 10.558
10.318 10.558
14.61
13.00
58.4% 52.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF07E
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.308
14-Feb
10.308
10.183
1
10.308
WA
13.97
Volume2
37.2%
Turnover3
Modified Duration (Yrs): 7.566
Last
Date
High
Low
Q1-Q2 2008
Q3
-
-
-
Q4
Q1
Q2
10.348
14-Dec
10.350
10.331
10.344
26.37
70.3%
10.351
05-Feb
10.351
10.351
10.351
3.16
8.4%
10.674
20-Jun
10.674
10.448
10.674
6.19
16.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
43
ASDF07F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
10.224 10.408 10.896
12-Feb 07-May 26-Sep
10.241 10.866 10.896
10.166 10.408 10.896
1
10.224
10.866 10.896
WA
2
14.10
4.21
17.00
Volume
112.8% 33.7% 136.0%
Turnover3
Modified Duration (Yrs): 7.519
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
10.288
19-Dec
10.315
10.288
10.288
6.41
51.3%
10.277 10.574
21-Feb 28-May
10.277 10.577
10.277 10.574
10.277 10.574
1.07
60.52
8.6% 484.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
N/A
8.579
8.607
8.570
8.681
N/A 28-Jun 18-Sep 18-Dec 26-Mar
N/A
8.579
8.591
8.708
8.619
N/A
8.575
8.474
8.521
8.631
N/A
8.579
8.570
8.681
8.613
WA1
N/A
25.75 183.97
82.23
54.49
Volume2
N/A 54.2% 387.3% 173.1% 114.7%
Turnover3
Modified Duration (Yrs): 5.443
Last
Date
High
Low
Q2
2.680
25-Jun
3.009
2.212
2.680
39.09
82.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
N/A
8.942
9.278
9.074
9.002
9.122
N/A 27-Jun 21-Aug 28-Dec 28-Mar 18-Jun
N/A
9.079
9.200
9.119
9.278
9.122
N/A
9.074
8.998
8.922
8.899
9.031
1
N/A
9.077
9.059
8.942
9.153
8.959
WA
N/A
12.00
28.55
40.11
54.09
40.37
Volume2
N/A 48.0% 114.2% 160.4% 216.4% 161.5%
Turnover3
Modified Duration (Yrs): 10.688
Last
Date
High
Low
1
-
-
Q1-07
44
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF08C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
9.147
N/A 26-Jun
N/A
9.150
N/A
9.147
1
N/A
9.148
WA
2
N/A
4.00
Volume
N/A 21.3%
Turnover3
Modified Duration (Yrs): 5.094
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.128
01-Aug
9.158
9.128
9.128
6.01
32.0%
8.975
17-Dec
9.124
8.975
9.124
6.95
37.1%
8.856
10-Mar
8.900
8.856
8.856
5.61
29.9%
9.308
17-Jun
9.423
9.145
9.308
10.31
55.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
17.5
12.5
14.0
10.0
10.5
7.5
7.0
5.0
3.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Q3
-
Last
Date
High
Low
Q1-Q2 2008
Q4
-
Q1
-
-
-
-
-
-
Q2
9.420
27-Feb
9.427
9.420
9.424
15.02
171.6%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08E
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.717
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
-
Q4
9.817
9.693
28-Sep 01-Nov
9.831
9.706
9.817
9.693
9.824
9.706
20.02
51.05
40.0% 102.1%
Q1
9.693
15-Jan
9.697
9.693
9.695
10.01
20.0%
Q2
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
45
ASDF08F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): 2.812
Last
Date
High
Low
Q3
-
Q1-Q2 2008
Q4
Q1
Q2
9.946
9.872
9.805
9.979
31-Jul 27-Dec 27-Mar 19-Jun
10.202 10.054
9.916 10.523
9.946
9.846
9.805
9.933
10.192
9.888
9.806 10.225
65.95 219.74
70.70 125.37
131.9% 439.5% 141.4% 250.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08G
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.852
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.051
28-Sep
10.065
10.052
10.052
28.01
56.0%
9.933
01-Oct
9.933
9.840
9.910
27.06
54.1%
9.954
24-Jan
9.956
9.954
9.955
3.99
8.0%
9.926
17-Jun
9.926
9.926
9.926
1.01
2.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.631
7.639
N/A 28-Mar 17-Jun
N/A
7.631
7.639
N/A
7.613
7.572
N/A
7.631
7.639
N/A 135.65
85.40
N/A 177.9% 112.0%
1
-
-
Q1-07
46
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF09B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
7.485
06-Mar
7.485
7.485
7.485
5.00
15.6%
7.515
02-Jun
7.515
7.515
7.515
0.35
1.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
-
7.828
02-Jun
7.828
7.828
7.828
5.35
16.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
7.978
30-Jun
7.978
7.975
7.978
12.35
72.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09E
No Transaction in Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
47
ASDF09F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
8.226
30-Jun
9.602
8.226
8.864
21.60
39.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
1.
ASDF05G
8.224
9.115
8.358
2.
ASDF06J
7.944
7.994
7.961
% of Total
Turnover
Ratio
(%)
210
0.40
104.81%
6.543
78
0.15
65.27%
9.083
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
3.
ASDF06K
7.994
8.624
7.994
15
0.03
15.32%
9.826
4.
ASDF07D
10.313
11.693
11.449
91
0.17
90.75%
7.337
5.
ASDF07E
10.183
10.350
10.344
40
0.08
26.89%
7.566
6.
ASDF07F
10.166
10.896
10.288
42
0.08
83.43%
7.519
7.
ASDF08A
8.521
8.708
8.681
292
0.56
153.66%
5.443
8.
ASDF08B
8.922
9.200
8.959
81
0.16
80.66%
10.688
9.
ASDF08C
8.975
9.158
9.124
17
0.03
22.62%
5.094
10.
ASDF08D
-
-
-
-
-
-
-
11.
ASDF08E
9.693
9.831
9.706
71
0.14
35.53%
9.717
12.
ASDF08F
9.846
10.202
9.888
286
0.55
142.84%
2.812
13.
ASDF08G
9.840
10.065
9.910
55
0.11
27.53%
9.852
1,277
2.46
TOTAL
48
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
47
ASDF05G
Q2-2007
22
Q3-2007
30
Q4-2007
111
200
Outstanding
23
ASDF06J
28
26
--
1
120
Outstanding
Outstanding
--
ASDF06K
100
Outstanding
10
ASDF07D
--
32
50
100
Outstanding
14 -
ASDF07E
--
26
150
Outstanding
14 4
ASDF07F
17
6
50
Outstanding
--
--
26
ASDF08A -
184
82
190
Outstanding
ASDF08B - 12
29
--
40
100
Outstanding
--
ASDF08C 75
Outstanding
--
ASDF08D-35
Outstanding
ASDF08E -
--
20
51
200
Outstanding
66
ASDF08F -
220
Outstanding
ASDF08G -
28
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
200
--
200
--
27
Outstanding
-
--
S T O C K
E X C H A N G E
90
120
150
180
210
240
270
300
49
ASGR ASTRA GRAPHIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kramat Raya No. 43
Jakarta - 10450
Phone : (021) 390-9444, 230-2460
Fax : (021) 390-9388, 390-9181
idA
Computer And Services
http://www.astragraphia.co.id/
Susy Herlina Widjaja
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
151,615
98,389
95,401
370,126
137,308
23,676
584,839
152,613
136,272
288,885
250,000
134,878
1,349
100
103,762
295,954
151,020
105,757
123,453
399,385
141,513
24,294
624,557
298,995
11,486
310,481
250,000
134,878
1,349
100
121,885
314,076
-0.39
7.49
29.40
7.91
3.06
2.61
6.79
95.92
-91.57
7.48
N/A
17.47
6.12
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
619,039
385,186
233,853
157,122
76,731
-799
81,600
26,035
55,565
725,581
440,265
285,316
190,266
95,049
-5,490
95,279
23,205
72,074
17.21
14.30
22.01
21.09
23.87
-586.96
16.76
-10.87
N/A
29.71
0.98
9.50
8.98
12.40
0.99
11.54
9.93
13.10
1.27
21.46
10.66
5.68
BALANCE SHEETS
PT Astra Graphia Tbk (ASGR) was founded on October 31, 1975 in
Jakarta. The Company entered information and technology as line of
business in 1983 becoming exclusive distributor of digital product of
digital equipment Corporation USA, for Indonesia market. The Company
has strong presence in document solution, especially photocopier rental,
conservative financial leverage and strong cash flow protection, but
mitigated by high business dependency on Fuji Xerox products and
fluctuating IT solution business. The Company is engaged in document
solution (53% of total revenue in 2002) and information technology
solution services (47%). The company has listed its shares at the JSX
and SSX since 1989. As to date, the Company’s shareholders consist of
PT Astra International (78.8%) and the public (21.2%).
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
50
Code
ASGR01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
150,000
Listing
Date
28-Oct-03
Maturity
Date
27-Oct-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.375%
27-Jan-07
27-Apr-07
27-Jul-07
27-Oct-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ASGR01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.336
9.058
9.263
9.191
9.146
07-Mar 26-Jun 03-Sep 27-Dec 14-Mar
9.336
9.264
9.221 10.448
9.204
9.270
8.939
9.204
9.014
9.028
9.146
9.204
9.048
9.036
9.336
WA1
96.31 111.12 137.58
37.12
41.88
Volume2
99.0% 111.7% 256.8% 296.3% 366.9%
Turnover3
Modified Duration (Yrs): 5.892
Last
Date
High
Low
8.598
27-Jun
8.611
8.433
8.611
7.94
21.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
1.
High
Low
Code
9.014
ASGR01XXBFTW
10.448
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
286
0.55
190.95%
286
0.55
TRADING VOLUME
(Billion Rp)
9.036
TOTAL
Modified
Duration (Yrs)
End of Year
5.892
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
37
ASGR01XXBFTW
Q2-2007
42
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Q4-2007
Outstanding
96
150
Outstanding
I N D O N E S I A
Q3-2007
111
--
90
120
150
180
210
240
270
300
51
BASS BAHTERA ADIMINA SAMUDRA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Total Building 8th - 9th Fl.
Jl. Letjen. S. Parman Kav. 106A, Jakarta 11440
Phone : (021) 568-0481
Fax : (021) 568-0487/88
N.A
Fishery
Panudju Adjie Ibrahim
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
102
5,833
6,141
296,426
3,298
306,940
211,271
12,399
223,670
650,000
175,653
1,757
100
-108,968
83,270
145
734
1,085
245,361
3,298
250,829
238,023
11,825
249,848
650,000
175,653
1,757
100
-191,258
980
41.92
-87.41
N/A
-82.33
-17.23
-18.28
12.66
-4.63
11.70
N/A
-75.52
-98.82
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,750
26,646
-19,896
4,887
-24,783
-63,799
-88,582
-3,632
-84,950
3,902
-3,902
-79,818
-83,720
-1,430
-82,290
-100.00
-100.00
100.00
-20.16
84.26
-25.11
5.49
60.64
N/A
3.13
BALANCE SHEETS
PT Bahtera Adimina Samudra Tbk (hereinafter called “the Company”)
founded on August 5, 1989. The Company is meant to engage in fishery
business mainly in fish-catching. The Company is a subsidiary of Kompak
Group-Fishery Division.
In line with the growth of fishery industry in Indonesia, the Company’s
business activities grows rigorously. The Company’s is aware of the
need to gain sufficient experience with limited risks prior to investing its
capital to establish a strong basis into fishery business.
In 1997, with a five-year experience on hand, the Company was
committed to make a significant investment by acquiring fishing vessels
in its effort to accomplish its goals.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.69
-27.68
-1,258.54
-367.16
Change %
254.88 9,389.02
-32.81
-18.54
N/A
N/A
N/A
N/A
AS OF JUNE 2008
No.
1.
52
Code
BASS01XXBFTW
Series Name
I Tahun 2000
Outstanding
(Rp Million)
75,000
Listing
Date
12-Jun-00
Maturity
Date
05-Jun-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Year 1: 15.00%; Year 25: 16.00%
05-Mar-07
05-Jun-07
05-Sep-07
05-Dec-07
Rating
N.A
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BASS01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1.50
20.0
1.20
16.0
0.90
12.0
0.60
8.0
0.30
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q3
Q2
-
17.455
27-Apr
- 17.463
- 17.463
- 17.463
WA1
1.31
Volume2
7.0%
Turnover3
Modified Duration (Yrs): 7.315
Last
Date
High
Low
Q1-Q2 2008
Q4
-
10.913
25-Sep
10.913
10.913
10.913
1.00
5.3%
-
Q1
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BASS01XXBFTW
Low
High
10.913
17.463
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
2.3
0.004
3.09%
2.3
0.004
TRADING VOLUME
(Billion Rp)
10.913
TOTAL
Modified
Duration (Yrs)
End of Year
7.315
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BASS01XXBFTW 75
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
30
-40
50
60
70
80
90
100
53
BBIA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK UOB BUANA TBK
:
:
:
:
:
ADDRESS
Jl. Gajah Mada No. 1A
Jakarta 10130
Phone : (021) 633-0585, 638-65927
Fax : (021) 632-4467, 632-4478
idA+
Bank
http://www.uobbuana.com
Susan Kwanto & Yovita Wening S.
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
The bank was founded as PT Bank Buana Indonesia on August 31,
1956. The Bank received its business license in October 1956 and
started operations on November 1, 1956. Over the next 5 decades, it
grew to become a leading bank in financing Small and Medium-sized
Enterprises (SME) in Indonesia.
The Bank acquired 3 banks in Bandung, Semarang and Jakarta in
between 1972 and 1975, and become a foreign-exchange licensed
bank in 1976. It successfully weathered the financial crisis that hit Asia
in 1997 without the need for government recapitalization. This success
was followed by the Bank’s listing on the IDX (formerly JSX and BSX)
in 2000.
In 2004, United Overseas Bank Limited (UOB) of Singapore acquired a
23% stake in the Bank through its wholly-owned investment company,
UOB International Investment Private Limited (UOBII). UOBII increased
its shareholding to 53% in October 2005. A tender offer for the remaining
shares of the Bank in November 2005 increased UOBII’s shareholding
by 8.1% to 61.1%.
On March 9, 2007, the Bank officially changed its name to PT Bank UOB
Buana Tbk (“UOB Buana”). This move was to leverage the strong brand
name of UOB in Southeast Asia.
As at year-end 2007, UOB Buana’s service network comprised 35
branches, 170 sub-branches and 126 ATMs across 30 cities in 18
provinces throughout Indonesia. To further improve our bank services,
UOB Buana also collaborated with ALTO and ATM Bersama, enabling
the Bank’s customers to access over 18,000 ATMs in Indonesia and over
1,000,000 ATMs worldwide using the Visa network. In addition, UOB
Buana is linked to the regional and global network of UOB.
In line with UOB’s vision to be a premier bank in Asia Pacific, UOB Buana
strives to expand its business in consumer and corporate banking, while
maintaining its leadership in the SME financing segment. Supported
by an experienced service network, effective information technology
systems, sound capital structure as well as experienced management
and human resources, UOB Buana is committed to creating sustainable
long-term value for its stakeholders.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
182,745
1,416,703
3,525,628
10,108,440
365,544
154,271
16,856,118
12,928,253
74,140
22,220
122,777
13,587,790
4,500,000
1,663,339
6,653
250
684,565
3,268,328
Dec-2007
219,140
877,552
3,059,148
12,455,486
349,236
193,369
18,260,086
14,034,152
53,068
16,330
169,183
14,702,432
4,500,000
1,663,339
6,653
250
982,092
3,557,654
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
2,183,721
1,009,904
125,137
639,495
592,880
-5,666
587,214
177,971
409,243
1,836,772
681,072
144,037
733,410
603,228
1,157
604,385
184,083
420,302
-15.89
-32.56
15.10
14.69
1.75
N/A
2.92
3.43
N/A
2.70
4.16
2.43
18.74
27.15
4.13
2.30
22.88
32.84
-0.60
-5.19
22.10
20.96
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
19.92
-38.06
-13.23
23.22
N/A
-4.46
25.34
8.33
8.55
-28.42
-26.51
37.80
8.20
N/A
43.46
8.85
AS OF JUNE 2008
No.
1.
54
Code
BBIA01
Series Name
Subordinasi I Tahun 2004
Outstanding
(Rp Million)
300,000
Listing
Date
Maturity
Date
15-Jul-04
14-Jul-09 /
14-Jul-14
Issue
Term
Coupon
Structure
Coupon
Payment
Date
14-Jul-07
Year 1-5: Fixed: 13.25%; 14-Oct-07
5/10 Years
Year 6-10: Fixed: 22.05% 14-Jan-08
14-Apr-08
Rating
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBIA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
9.956
9.776
04-Feb 05-May
9.956
9.778
9.956
9.776
9.956
9.777
1.04
8.41
1.4% 11.2%
-
9.913 11.321 10.334
22-Mar 25-Jun 20-Sep
10.861 11.321 10.334
9.798
9.731
9.904
9.903
9.731
9.920
WA1
126.92
47.33
82.56
Volume2
169.2% 63.1% 110.1%
Turnover3
Modified Duration (Yrs): 5.450
Last
Date
High
Low
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BBIA01
Low
High
9.731
11.321
% of Total
Turnover
Ratio
(%)
257
0.49
85.60%
257
0.49
TRADING VOLUME
(Billion Rp)
9.731
TOTAL
Modified
Duration (Yrs)
End of Year
5.450
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
127
BBIA01
Q3-2007
Q4-2007
47
Outstanding
83
-
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
55
BBKP BANK BUKOPIN TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idABank
http://www.bukopin.co.id
Tantri Wulandari
Bank Mandiri (Persero) Tbk
PROFILE
PT Bank Bukopin (BPIN) was founded on July 10, 1970 under the
name of Bank Umum Koperasi Indonesia (BUKOPIN). Between 19841987, The Company merged with several Bank in Indonesia such as :
Bank Koperasi Sulawesi Selatan, Bank Koperasi Propinsi Jawa Barat,
Bank Umum Koperasi Kalimantan Selatan, and Bank Umum Koperasi
Kahuripan Pusat Surabaya. In 1989, The Company’s name had been
changed to Bank Bukopin. In 1993, The Company’s status had been
changed to Limited Company called PT Bank Bukopin.
The Company’s operation is currently supported by 204 offices, operated
under 30 branches in 19 provinces in Indonesia. In addition, BPIN has
236 Swamitra outlets in 17 provinces and around 7,200 ATMs network
(including its own ATM of 200 units, ATM BCA and ATM Bersama).
Throughout 2003, The Company plans to open another 6 branches
to further support its small-scale lending exposures in Tasikmalaya,
Probolinggo, Mataram, Tegal, Pare-pare, and Manado. The Company is
currently owned by Kopelindo (47.8%), GoI (21.7%), Yanatera BULOG
(14.4%), Kopkapindo (8.8%), INKUD (4.7%), and others (2.6%).
ADDRESS
Bank Bukopin Building
Jl. MT Haryono Kav. 50 - 51, Jakarta - 12770
Phone : (021) 798-8266
Fax : (021) 798-0625
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
56
Million Rp except Par Value
Dec-2006
275,562
3,122,782
10,496,345
14,408,595
39,232
268,882
366,932
31,556,143
25,799,327
86,173
851,992
383,871
29,883,343
4,796
2,500,000
773,756
5,625
Dec-2007
421,803
3,757,515
6,748,641
18,801,342
35,510
321,991
501,257
34,446,177
30,152,480
58,684
895,788
479,258
32,476,453
4,931
2,500,000
782,480
5,712
703,661
1,668,004
952,701
1,964,793
Change %
53.07
20.33
-35.70
30.49
-9.49
19.75
36.61
9.16
16.87
-31.90
5.14
24.85
8.68
2.81
1.13
1.55
35.39
17.79
3,063,756
1,842,112
175,153
812,007
430,127
29,900
460,027
144,520
-142
315,216
3,205,929
1,924,020
273,547
986,958
528,121
15,490
543,611
168,350
-135
375,126
4.64
4.45
56.18
21.55
22.78
-48.19
18.17
16.49
5.13
19.01
17.92
1.00
10.29
14.04
16.53
1.09
11.70
16.47
-7.74
9.02
13.73
17.34
10,000 & 100 10,000 & 100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
1.
2.
3.
Outstanding
(Rp Million)
Series Name
BBKP01AXBFTW
Seri A II Tahun 2003
319,000
BBKP01BXBVSB
Subordinasi Seri B Tahun
2003
SYR-BBKP01XX
Syari'ah Mudharabah
Tahun 2003
236,000
45,000
Listing
Date
15-Jul-03
15-Jul-03
15-Jul-03
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA-
10-Jul-08
5 Years
10-Jul-13
Year 1-5: Fixed: 14.00%;
10 Years
Year 6-10: Fixed: 24%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB+
10-Jul-08
Nisbah of Revenue Sharing Year
I: 38.58% & 52.88%; Year 2:
52.50%; Year 3: 39.38%; Year 4:
31.50%; Year 5: 26.25%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA-
5 Years
Fixed: 13.375%
TRADING HIGHLIGHT
BBKP01AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
10.574 10.465 10.447
27-Mar 29-Jun 26-Sep
12.756 10.607 10.501
10.127 10.447 10.356
1
10.611 10.605 10.493
WA
2
47.30 115.11
240.50
Volume
301.6% 59.3% 144.3%
Turnover3
Modified Duration (Yrs): 4.855
Last
Date
High
Low
Q4
Q1
Q2
10.580
17-Dec
12.730
10.506
11.007
34.48
43.2%
10.137
3.308
25-Mar 15-May
3.380
10.185
3.293
10.110
10.136
3.308
52.97
10.06
66.4% 12.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBKP01BXBVSB
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1
Q2
Q3
11.012 11.204 10.883
27-Mar 28-Jun 27-Sep
11.251 12.364 11.313
10.964 10.787 10.772
10.975 10.794 10.835
WA1
194.15 131.04
80.89
Volume2
329.1% 222.1% 137.1%
Turnover3
Modified Duration (Yrs): 7.925
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q4
Q1
Q2
11.038 11.031 10.918
18-Oct 14-Mar 05-Jun
11.057 11.057 11.232
11.038 11.031 10.772
11.057 11.032 10.772
58.47 161.77 135.33
99.1% 274.2% 229.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SYR-BBKP01XX
No Transaction in the Year of 2007 and Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
57
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
1.
BBKP01AXBFTW
10.127
12.756
11.007
437
0.84
137.11%
4.855
2.
BBKP01BXBVSB
10.772
12.364
11.057
465
0.89
196.84%
7.925
3.
SYR-BBKP01XX
-
-
-
-
-
-
-
902
1.74
Executed Yield (%)
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
BBKP01AXBFTW
Q3-2007
Q4-2007
240
Outstanding
47
115
319
BBKP01BXBVSB
34
--
194
131
236
Outstanding
Outstanding
81
58
--
SYR-BBKP01XX -45
Outstanding
-
58
-50
100
150
200
250
300
350
400
450
500
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
59
BBMI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK SYARIAH MUAMALAT INDONESIA TBK
:
:
:
:
:
ADDRESS
Arthaloka Building, 5th Fl.
Jl. Jend. Sudirman No. 2, Jakarta - 10220
Phone : (021) 251-1414, 251-1470, 251-1451
Fax : (021) 251-1465, 251-1453
idBBB(sy)
Bank
http://www.muamalatbank.com
U. Saefudin Noer
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Syariah Muamalat Indonesia Tbk was established on November
1991, endorsed by the Indonesian Council of Ulama (MUI) and the
Government of Indonesia. The Company commenced operations on
May 1992. Supported by the prominent Indonesian Moslem Scholars
& Leaders and a group of Moslem entrepreneurs, and also won the
support of the general public.
The Company’s activities are based on Sharia principle. The Company
establishment as the pioneer of Sharia Bank in Indonesia and its
experience in surviving the economic crisis in 1997-1998, made its
existance bring a strong influence to inspire the Islamic banking and
financial industry in Indonesia. The Company also play its role to develop
the industry by establishing Takaful Insurance, Muamalat Pension Fund,
Muamalat Institute, BaituMaal Muamalat, Al Ijarah Indonesia Finance,
etc.
The Company offers several sharia products ranging from wadiah
(demand deposits and saving), mudharabah (time deposit and saving),
as well as financing with varieties of products including murabahah,
istishna, salam, Ijarah, mudharabah, and musyarakah. The Company
provides other financial services such as wakalah, kafalah, hiwalah,
etc.
In 2004, The Company launched its flagship product, called Shar-E,
which is the instant saving account card product that can be used as
ATM card and Debit Card. Shar-E is sold through The Company office
network, SOPP Pos on line and agents. As of December 2007, Shar-E
reached 1.2 million account and make Shar-E the fastest percentage
growth rate in the number of customers for a bank product in Indonesia.
As of June 2008, The Company’s shareholders consist of Islamic
Development Bank (IDB-28.01%), Boubyan Bank of Kuwait (21.28%),
Atwill Holding Ltd (15.32%), and others (35.39%). To support its
operation, as to date, The Company has 1 main operational office,
51 branches offices, 8 sub branches, 20 sharia service unit, 94 Cash
Offices, 43 Gerai Muamalat outlet and connected realtime online with
2,700 SOPP Pos outlets. The Company’s networks are supported by
various delivery channel: ATM network at almost all ATMs in Indonesia
through its own ATM and shared ATM (ATM Prima/BCA, ATM Bersama,
MEPS in Malaysia); Debit Prima/BCA; Phone Banking (SalaMuamalat);
Mobile Banking (M-Bank), PC Banking, etc.
Million Rp except Par Value
Dec-2006 Dec-2007
Change %
BALANCE SHEETS
Cash on Hand
30.25
133,340
173,671
Placements with Other Banks 1,319,653 1,331,195
0.87
Marketable Securities
14,850
14,850
Loans
28.82
6,449,366 8,308,122
Investments
610.38
5,662
40,223
Fixed Assets
16.76
59,403
69,359
Other Assets
26.82
211,266
267,930
Total Assets
26.26
8,370,595 10,569,078
Deposits
38.26
727,797 1,006,253
Taxes Payables
66.97
18,397
30,718
Fund Borrowings
-14.24
179,581
154,012
Other Liabilities
14.29
68,448
78,229
Total Liabilities
42.45
1,079,562 1,537,870
Minority Interests
25.83
6,504,592 8,185,045
Authorized Capital
1,950,000 1,950,000
Paid up Capital
492,791
492,791
Paid up Capital (Shares)
820
820
Par Value
1,000 & 500 1,000 & 500
Retained Earnings
161,152
220,875
37.06
Total Equity
786,441 846,163,706 107,494.0
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,049,309
570,047
92,171
396,663
174,770
841
161,473
53,116
108,357
1,165,320
500,151
117,868
561,668
221,369
1,687
212,038
66,713
145,325
11.06
-12.26
27.88
41.60
26.66
100.48
31.32
25.60
N/A
34.12
1.37
1.29
10.33
16.66
0.002
1.38
12.47
19.00
-99.87
6.22
20.76
14.05
AS OF JUNE 2008
No.
1.
60
Code
Series Name
SYR-BBMI01SB
Syariah I Subordinasi
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
21-Jul-03
Maturity
Date
15-Jul-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
7 Years
Nisbah of Revenue
Sharing: 91.00%
15-Jan-07
15-Apr-07
15-Jul-07
15-Oct-07
Rating
idBBB
(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SYR-BBMI01SB
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.195
8.287
23-Mar 08-Jun
9.195
9.140
8.234
8.229
8.515
8.465
WA1
39.73
49.38
Volume2
79.5% 98.8%
Turnover3
Modified Duration (Yrs): 6.877
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.445
17-Sep
8.529
8.214
8.214
35.07
70.1%
8.219
19-Dec
8.595
8.098
8.140
39.01
78.0%
8.160
19-Mar
8.311
8.146
8.158
32.80
65.6%
8.205
18-Jun
8.205
8.181
8.205
24.02
48.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
SYR-BBMI01SB
Low
High
8.098
Weighted Avg.
Executed
Yield (%)
9.195
% of Total
Turnover
Ratio
(%)
163
0.31
81.60%
163
0.31
TRADING VOLUME
(Billion Rp)
8.140
TOTAL
Modified
Duration (Yrs)
End of Year
6.877
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
40
SYR-BBMI01SB
Q3-2007
49
35
Outstanding
39
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
61
BBNI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK NEGARA INDONESIA (PERSERO) TBK
:
:
:
:
:
ADDRESS
BNI Building, 24th Fl.
Jl.Jend.Sudirman Kav. 1, Jakarta - 10220
Phone : (021) 251-1946 (70 lines)
Fax : (021) 251-1214, 251-1961, 251-1075
idA+
Bank
http://www.bni.co.id
Intan Abdams Katoppo
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank BNI Tbk (BBNI) was established on July 5, 1946 as Central
Bank, located in Jakarta owned by Indonesia Government. In 1955, the
company changed to be general bank to support the development of
Indonesia economy. In 1992, the company’s name was changed to PT
Bank Negara Indonesia (Persero). On October 28, 1996, the company
was going public (initial public offering) and changed its name to PT
Bank Negara Indonesia (Persero) Tbk.
Million Rp except Par Value
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
2,694,635 3,259,229
Placements with Other Banks 29,978,141 14,808,515
4,956,328 16,200,561
Marketable Securities
62,613,795 83,214,985
Loans
337,716
134,793
Investments
Fixed Assets
4,111,593 3,871,229
Other Assets
4,139,786 2,799,685
Total Assets
169,415,573 183,341,611
Deposits
138,141,073 149,992,482
Taxes Payables
405,269
151,379
Fund Borrowings
4,009,424 6,309,151
Other Liabilities
2,640,068 4,318,861
Total Liabilities
154,596,653 166,094,416
Minority Interests
24,651
27,610
Authorized Capital
15,000,000 15,000,000
Paid up Capital
7,042,194 7,789,288
13,282
15,274
Paid up Capital (Shares)
Par Value
& 7,500 & 375& 7,500 & 375
Retained Earnings
2,740,011 2,039,493
Total Equity
14,794,269 17,219,585
Change %
20.95
-50.60
226.87
32.90
-60.09
-5.85
-32.37
8.22
8.58
-62.65
57.36
63.59
7.44
12.00
10.61
15.00
-25.57
16.39
INCOME STATEMENTS
Total Interest Income
14,938,397 14,877,720
Interest Expenses
7,561,866 7,410,289
2,861,275 4,129,716
Other Operating Income
Other Operating Expenses 6,263,931 7,625,927
Income from Operations
2,655,122 1,267,648
Non-Operating Income
184,517
213,492
Income Before Tax
2,839,639 1,481,140
Provision for Income Tax
911,074
579,396
-2,735
-3,816
Minority Interests
Net Income
1,925,830
897,928
-0.41
-2.00
44.33
21.74
-52.26
15.70
-47.84
-36.41
-39.52
-53.37
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
-7.69
-56.92
-53.18
-52.06
10.45
1.14
12.89
17.77
9.65
0.49
6.04
8.52
AS OF JUNE 2008
No.
1.
2.
62
Code
BBNI01XXBFTW
USD-BBNI01SB
Series Name
I Tahun 2003
Subordinasi Tahun 2003
Outstanding
(Rp Million)
1,000,000
100
Listing
Date
14-Jul-03
14-Jul-03
Maturity
Date
10-Jul-11
10-Jul-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
8 Years
10 Years
Rating
Fixed: 13.125%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA+
Year 1-5: Fixed: 7.5%;
Year 6-10: US Treasury
Rate + 7.74 %
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBNI01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.938
10.174
29-Mar 25-Jun
10.976 10.736
10.068
9.916
1
10.894
9.918
WA
191.46 130.72
Volume2
76.6% 52.3%
Turnover3
Modified Duration (Yrs): 6.082
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.926
13-Sep
10.573
9.926
9.961
114.62
45.8%
10.047
12-Dec
10.736
10.043
10.542
209.39
83.8%
10.110
05-Feb
10.736
10.066
10.693
120.67
48.3%
10.579
30-Jun
10.586
9.826
10.541
227.63
91.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
USD-BBNI01SB
Trading Volume
(USD Million)
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
6.900
16-Feb
6.900
6.900
6.900
WA1
1.98
Volume2
7.9%
Turnover3
Modified Duration (Yrs): 12.070
Last
Date
High
Low
-
Q3
Q4
Q1
Q2
6.815
01-Aug
6.836
6.815
6.825
4.98
19.9%
6.846
16-Nov
6.852
6.846
6.849
4.00
16.0%
6.849
6.783
25-Mar 27-May
6.852
6.792
6.834
6.783
6.844
6.788
12.01
4.01
48.1% 16.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BBNI01XXBFTW
2.
USD-BBNI01SB
Low
High
9.916
10.976
10.542
6.815
6.900
6.849
% of Total
Turnover
Ratio
(%)
1.24
64.62%
6.082
101
0.00
10.96%
12.070
747
1.24
TRADING VOLUME
(Billion Rp)
646
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
191
BBNI01XXBFTW
Q2-2007
131
Q3-2007
115
Q4-2007
Outstanding
209
1,000
Outstanding
--
USD-BBNI01SB - 0
Outstanding -- 0
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
300
400
500
600
700
800
900
1,000
1,100
63
BBRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK RAKYAT INDONESIA (PERSERO) TBK
:
:
:
:
:
ADDRESS
BRI I Building, Jl. Jend. Sudirman No. 44 - 46
Jakarta - 10210
Phone : (021) 251-0244; 250-0124; 251-0315
Fax : (021) 570-1865
idAA+
Bank
http://www.bri.co.id
Hartono Sukiman
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is the third largest bank
in Indonesia. Officially, BRI was established based on Law No. 21 year
1968, but its root history can be traced back since 1895.
Previously a wholly owned by the government of Indonesia, BRI went
public in November 2003 and become a public listed company. Now,
the Government owns 56.8% and public own the rest. BRI share is
categorized as a blue chip and is included in LQ 45.
BRI is famous for its focus on financing the micro and SME business.
Its micro business is considered as one of the biggest micro lending
providers in the world. Of its total loan portfolio, 80% goes to Micro and
SMEs. Given the business nature of BRI, it has the largest networks, with
more than 5,000 outlets spreading all over Indonesia, from rural to the
city. Moreover, BRI also has an enormous customer base, more than 20
million depositors and borrowers which gives a competitive advantage
for BRI to develop its business including fee based business.
To serve its customers, BRI has a wide range of banking products and
services. Kupedes, a loan product for micro borrower, is widely known to
micro enterprenuers. In addition to that BRI also provides working capital
loans, fixed asset loans, consumer loans, export/import loans, etc. For
deposits, Simpedes is a prominent saving products in rural and small
town, whereas Britama is designed for urban people. BRI also has time
deposit and demand deposits.
Supported by a solid business model and infrastructure, BRI has become
the most profitable bank in Indonesia. BRI will continue to expand its
business to give a better value for all shareholders and stakeholders.
Million Rp except Par Value
Dec-2006
BALANCE SHEETS
Cash on Hand
3,458,907
Placements with Other Banks 13,615,786
Marketable Securities
15,382,732
Loans
82,541,885
Investments
68,711
Fixed Assets
1,821,978
Other Assets
2,306,227
Total Assets
154,725,486
Deposits
126,336,779
Taxes Payables
287,337
Fund Borrowings
1,764,607
Other Liabilities
4,367,107
Total Liabilities
137,846,678
Minority Interests
Authorized Capital
15,000,000
Paid up Capital
6,143,211
Paid up Capital (Shares)
12,286
Par Value
500
Retained Earnings
7,439,180
Total Equity
16,878,808
Dec-2007
5,041,396
14,629,443
17,317,899
105,923,763
76,668
1,644,172
2,713,984
203,734,938
167,211,016
1,140,490
2,382,277
6,448,558
184,297,303
15,000,000
6,158,900
12,318
500
9,978,092
19,437,635
Change %
45.75
7.44
12.58
28.33
11.58
-9.76
17.68
31.68
32.35
296.92
35.00
47.66
33.70
N/A
0.26
0.26
34.13
15.2
INCOME STATEMENTS
Total Interest Income
21,070,537 23,240,631
7,281,182 6,544,059
Interest Expenses
Other Operating Income
1,509,050 1,821,701
Other Operating Expenses 7,665,646 9,019,611
Income from Operations
5,784,619 7,556,003
Non-Operating Income
122,102
224,071
Income Before Tax
5,906,721 7,780,074
Provision for Income Tax
1,649,149 2,942,073
Minority Interests
Net Income
4,257,572 4,838,001
10.30
-10.12
20.72
17.66
30.62
83.51
31.72
78.40
N/A
13.63
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
16.10
-13.70
3.02
18.43
8.17
2.75
20.21
27.45
9.48
2.37
20.82
32.51
AS OF JUNE 2008
No.
1.
64
Code
BBRI01XXBFSB
Series Name
Subordinasi I Tahun 2004
Outstanding
(Rp Million)
500,000
Listing
Date
12-Jan-04
Maturity
Date
09-Jan-14
Coupon
Payment
Date
Issue
Term
Coupon
Structure
10 Years
Year 1-6: Fixed: 13.5%;
Year 7-10: Fixed: 23.5%
09-Jan-07
09-Apr-07
09-Jul-07
09-Oct-07
Rating
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBRI01XXBFSB
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.399 10.341
27-Mar 27-Jun
10.841 11.611
10.399 10.341
10.568 10.400
WA1
99.99 140.91
Volume2
80.0% 112.7%
Turnover3
Modified Duration (Yrs): 5.013
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.649
13-Sep
11.476
10.353
10.461
86.43
69.1%
9.960
18-Dec
11.140
9.960
9.960
26.69
21.4%
9.831
27-Mar
11.140
9.831
9.831
46.74
37.4%
9.739
25-Jun
10.960
9.739
9.739
69.58
55.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BBRI01XXBFSB
Low
9.960
High
Weighted Avg.
Executed
Yield (%)
11.611
% of Total
Turnover
Ratio
(%)
354
0.68
70.80%
354
0.68
TRADING VOLUME
(Billion Rp)
9.960
TOTAL
Modified
Duration (Yrs)
End of Year
5.013
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
100
BBRI01XXBFSB
Q3-2007
141
86
Outstanding
27
500
Outstanding
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
150
200
250
-300
350
400
450
500
550
65
BBSM BANK SYARIAH MANDIRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Bank Syariah Mandiri Building
Jl. MH. Thamrin No. 5, Jakarta - 10360
Phone : (021) 230-0509, 3983-9000
Fax : (021) 3983-2989
idBBB+(sy)
Bank
Tutuy Guntara
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Syariah Mandiri operated since November 1, 1999 as a
general bank. The Company’s activities based on Syariah principle. The
Company was founded to response Banking Act No. 10, 1998.
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006 Dec-2007
137,457
201,359
1,298,094 1,562,654
497,209
778,409
6,958,770 9,829,606
114,316
102,793
87,403
114,611
9,554,967 12,885,391
2,064,427 1,875,240
13,802
13,440
32,000
32,000
207,297
161,885
2,657,593 2,646,612
6,200,142 9,427,402
1,000,000 1,000,000
358,373
358,373
72
72
5,000
5,000
338,858
453,004
697,231
811,376
Change %
46.49
20.38
56.56
41.25
N/A
-10.08
31.13
34.86
-9.16
-2.62
-21.91
-0.41
52.05
33.69
16.4
934,420
455,490
145,126
523,225
100,832
-5,595
95,237
29,756
65,480
1,197,273
511,874
209,920
728,252
167,068
1,116
168,183
52,728
115,455
28.13
12.38
44.65
39.19
65.69
N/A
76.60
77.20
N/A
76.32
3.81
0.69
7.01
10.79
3.26
0.90
9.64
13.95
-14.42
30.75
37.61
29.31
AS OF JUNE 2008
No.
1.
66
Code
Series Name
SYR-BBSM01XX
Syariah Mudharabah
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
03-Nov-03
Maturity
Date
31-Oct-08
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Nisbah of Revenue
Sharing: 77.50%
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
Rating
idBBB+
(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SYR-BBSM01XX
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.252
8.150
12-Mar 26-Jun
8.322
8.252
8.186
8.150
8.239
8.247
WA1
5.92
11.87
Volume2
23.7% 11.8%
Turnover3
Modified Duration (Yrs): 6.962
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.123
19-Sep
8.210
8.022
8.123
32.34
64.7%
8.118
27-Dec
8.180
8.068
8.142
45.87
91.7%
8.008
24-Mar
8.030
7.871
7.947
6.75
13.5%
7.625
25-Jun
7.934
7.594
7.594
13.22
26.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
No.
Code
1.
SYR-BBSM01XX
8.022
High
8.322
% of Total
Turnover
Ratio
(%)
96
0.18
48.00%
96
0.18
TRADING VOLUME
(Billion Rp)
8.142
TOTAL
Modified
Duration (Yrs)
End of Year
6.962
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
12
SYR-BBSM01XX
6
Q2-2007
32
Q3-2007
Outstanding
46
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
67
BBTN BANK TABUNGAN NEGARA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idA+
Bank
http://www.btn.co.id
Saut Pardede, Rinna Mona Lindyana
Bank Mega Tbk
PROFILE
PT Bank Tabungan Negara (BTN) was founded on February 9, 1950
under the name of Bank Tabungan Pos. Along with the government’s
program in housing development, especially housing for low-income
segment, in 1974 The Company was appointed as the housing loan
financing institution. Furthermore, in 1989, the bank’s status was
changed into a commercial bank and became Persero in 1992. In 1994,
Bank BTN began its operation as a Foreign Exchange Bank.
Based on the study conducted by an independent consultant, Price
Waterhouse Coopers, the government through the minister of State
Owned Company decided that the main function of Bank BTN was to
become public bank focused in non subsidy housing loan.
To support its operation, as to date, The Company has 56 branches, 183
sub-branches, and 289 fully owned ATMs in addition to around 12,700
units of ATM Bersama network all over Indonesia. The bank started
Syariah Business in 2005. As to date, BTN Syariah has operated 15
branches and 39 office channelings. In addition, to cover its customers in
remote areas, In 2005 The Company signed the agreement with PT. Pos
Indonesia to implement an online system operation in both branches.
There are 1.269 post office outlets all around the nation connected on
line with Bank BTN branches. As to date, the Government of Indonesia
(GoI) still holds 100% ownership at The Company.
ADDRESS
Bank Tabungan Negara Building, 20th Fl.
Jl. Gajah Mada No. 1 Jakarta - 10130
Phone : (021) 633-6733, 633-6789, 6332666
Fax : (021) 633-6737, 633-6701, 634-6704
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
134,694
290,429
1,750,050
17,540,172
307,296
175,480
32,575,797
21,603,827
22,851
3,704,445
911,682
30,815,521
5,000,000
1,250,000
1
1,000,000
-13,320
1,760,276
INCOME STATEMENTS
Total Interest Income
4,163,319
-2,539,074
Interest Expenses
160,747
Other Operating Income
Other Operating Expenses 1,176,085
Income from Operations
538,984
Non-Operating Income
4,235
Income Before Tax
543,219
Provision for Income Tax
178,545
Minority Interests
364,674
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
68
Million Rp except Par Value
17.51
1.12
8.76
12.95
Dec-2007
Change %
36.80
184,264
-81.40
54,013
1,908,327
9.04
21,855,337
24.60
N/A
997,662
224.66
456,151
159.94
36,693,247
12.64
24,202,236
12.03
-100.00
3,625,754
-2.12
1,293,937
41.93
33,905,835
10.03
N/A
10,239,216
104.78
2,559,804
104.78
15 1,107.48
169,596
-83.04
235,976
N/A
2,787,412
58.35
3,930,568
2,177,694
226,921
1,391,377
590,831
10,808
601,639
199,619
402,020
-5.59
N/A
41.17
18.31
9.62
155.21
10.75
11.80
N/A
10.24
12.16
1.10
10.23
15.03
-30.52
-2.13
16.77
16.11
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BBTN09XXBFTW
1.
2.
BBTN10B
4.
750,000
X Tahun 2004
Subordinasi I Tahun 2004
BBTN11
250,000
XI Tahun 2005
BBTN12
5.
750,000
IX Tahun 2003
BBTN10A
3.
Outstanding
(Rp Million)
750,000
XII Tahun 2006
1,000,000
Listing
Date
03-Oct-03
25-May-04
25-May-04
07-Jul-05
20-Sep-06
Maturity
Date
02-Oct-08
25-May-09
25-May-14
06-Jul-10
19-Sep-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.50%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
idA+
Fixed: 12.20%
25-Feb-07
25-May-07
25-Aug-07
25-Nov-07
idA+
10 Years
25-Feb-07
Year 1-5: Fixed: 12.60%; 25-May-07
Year 6-10: Fixed: 22.60% 25-Aug-07
25-Nov-07
idA
5 Years
Fixed: 12.00%
06-Jan-07
06-Apr-07
06-Jul-07
06-Oct-07
idA+
Fixed: 12.75%
19-Mar-07
19-Jun-07
19-Sep-07
19-Dec-07
idA+
5 Years
5 Years
5 Years
TRADING HIGHLIGHT
BBTN09XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.736 11.775
08-Mar 26-Jun
12.754 12.078
11.672 11.382
11.717 11.484
WA1
19.31 273.54
Volume2
10.3% 145.9%
Turnover3
Modified Duration (Yrs): 2.995
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
11.435 12.197
25-Sep 26-Dec
11.579 12.524
11.326 11.665
11.496 11.748
118.94 277.20
63.4% 147.8%
Q1
Q2
11.787 11.559
18-Jan 27-Jun
12.769 11.635
11.766 11.309
12.124 11.496
150.04 260.88
80.0% 139.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN10A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
8.573
8.552
28-Feb 21-Jun
9.220
8.573
8.482
8.504
8.504
8.573
WA1
28.17
74.61
Volume2
15.0% 39.8%
Turnover3
Modified Duration (Yrs): 8.677
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
8.550
8.512
26-Sep 28-Dec
9.282
8.729
8.509
8.471
8.548
8.525
87.50 272.66
46.7% 145.4%
Q1
Q2
8.564
8.667
28-Mar 30-Jun
8.604
8.733
8.435
8.460
8.564
8.561
183.52 240.76
97.9% 128.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
69
BBTN10B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
8.780
9.259
9.124
27-Feb 16-May 04-Sep
9.259
9.124
9.156
8.679
8.688
8.714
9.156
9.124
8.782
WA1
99.45
25.23 193.25
Volume2
159.1% 40.4% 309.2%
Turnover3
Modified Duration (Yrs): 8.451
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.876
29-Nov
8.876
8.876
8.876
21.73
34.8%
8.927
17-Mar
9.000
8.925
8.927
49.41
79.1%
8.412
12-Jun
8.469
8.412
8.412
44.27
70.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN11
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.347 10.432
26-Mar 12-Jun
10.385 10.517
10.347 10.090
10.369 10.186
WA1
84.16
94.70
Volume2
44.9% 50.5%
Turnover3
Modified Duration (Yrs): 3.822
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.165
20-Sep
10.275
10.165
10.275
11.96
6.4%
10.444
26-Dec
10.706
10.368
10.368
23.62
12.6%
10.420
21-Jan
10.423
10.338
10.422
5.19
2.8%
10.137
30-Jun
10.137
10.137
10.137
2.62
1.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN12
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.850
9.843
29-Mar 20-Jun
11.125 11.184
9.762
9.723
9.929 10.490
WA1
235.69 131.74
Volume2
94.3% 52.7%
Turnover3
Modified Duration (Yrs): 3.907
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.114
26-Sep
11.285
9.619
11.069
110.18
44.1%
9.734
05-Dec
10.732
9.523
10.555
215.03
86.0%
9.665
26-Feb
10.535
9.375
10.533
91.39
36.6%
10.866
27-Jun
10.914
9.491
10.732
137.04
54.8%
1
-
-
Q1-07
70
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING STATISTICS 2007
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
1.
BBTN09XXBFTW
11.326
12.754
11.748
689
1.33
91.87%
2.995
2.
BBTN10A
8.471
9.282
8.525
463
0.89
61.73%
8.677
3.
BBTN10B
8.679
9.259
8.876
340
0.65
135.86%
8.451
4.
BBTN11
10.090
10.706
10.368
214
0.41
28.59%
3.822
5.
BBTN12
9.523
11.285
10.555
693
1.33
69.26%
3.907
2,399
4.62
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BBTN09XXBFTW 19
Q2-2007
274
119
Outstanding
BBTN10A 28
75
87
99
25
193
250
Outstanding
84
BBTN11
95
277
750
--
750
--
750
--
--
24
132
236
110
215
1,000
Outstanding
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
22
Outstanding
BBTN12
Q4-2007
273
Outstanding
BBTN10B
Q3-2007
S T O C K
E X C H A N G E
300
400
500
-600
700
800
900
1,000
1,100
71
BCAF BCA FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma Millenia 3rd Fl.
Jl. MT Haryono Kav. 16, Jakarta Selatan
Phone : (021) 831-0222
Fax : (021) 831-0338
idA+ & Aa3.id
Financial Institution
Amirdin Halim
Bank Mega Tbk
PROFILE
PT BCA Finance is a fast-growing automotive financing company of BCA
Group and one of the main leader in financing industries in Indonesia.
The Company has 24 branches & sales points in 11 cities all over
Indonesia, more than 40,000 customers, more than 2,500 payment
points, and fully supported by Bank Central Asia, as well as its largest
network in branches and ATMs in Indonesia.
Currently, BCA Finance is focusing on:
1. Consumer finance (automotive), including New Cars, Used Cars,
High Class Cars to Medium-Low Class Cars.
2. Leasing, machine, and heavy equipment
3. Factoring
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
72
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
2,389
-
2,190
-
-8.33
N/A
991,858
1,347,462
35.85
3,316
11,077
10,178
1,077,097
11,970
792,044
20
200,000
58,952
6
10,000
230,527
285,052
5,337
11,270
18,876
1,438,883
34,262
1,027,332
20
200,000
58,952
6
10,000
357,026
411,551
60.94
1.74
85.46
33.59
N/A
186.22
29.71
54.87
44.38
285,099
172,523
112,576
451,582
236,930
214,652
58.40
37.33
N/A
90.67
34,162
78,414
64,629
150,022
89.18
91.32
2.78
7.28
27.50
39.49
2.50
10.43
33.22
47.53
-10.16
43.22
20.79
20.38
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BCAF02A
1.
BCAF02B
2.
BCAF02C
3.
BCAF02D
4.
Outstanding
(Rp Million)
100,000
II Tahun 2007 Seri A
150,000
II Tahun 2007 Seri B
II Tahun 2007 Seri C
125,000
II Tahun 2007 Seri D
125,000
Listing
Date
28-Feb-07
28-Feb-07
28-Feb-07
28-Feb-07
Maturity
Date
27-Feb-09
27-Feb-10
27-Aug-10
27-Feb-11
Issue
Term
24 Months
36 Months
42 Months
48 Months
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 10.25%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
Fixed: 10.75%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
Fixed: 11.00%
27-Nov-07
27-Feb-08
27-May-08
27-Aug-08
idA+ &
Aa3.id
Fixed: 11.375%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
TRADING HIGHLIGHT
BCAF02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
7.826
7.874
08-Mar 26-Jun
7.850
7.875
7.820
7.840
1
7.825
7.844
WA
8.03
22.03
Volume2
32.1% 88.1%
Turnover3
Modified Duration (Yrs): 10.143
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.857
19-Sep
7.860
7.856
7.859
18.05
72.2%
7.839
7.817
7.778
13-Dec 31-Mar 13-May
7.839
7.858
7.802
7.791
7.713
7.686
7.749
7.778
7.807
15.07
60.38
13.96
60.3% 241.5% 55.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BCAF02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1
Q2
8.091
8.132
23-Feb 26-Jun
8.133
8.105
8.075
8.074
8.076
8.105
WA1
9.02
47.23
Volume2
24.1% 125.9%
Turnover3
Modified Duration (Yrs): 9.805
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
Q1
8.098
8.082
8.105
25-Sep 18-Dec 26-Mar
8.105
8.117
8.132
8.082
8.046
8.041
8.115
8.048
8.105
25.11
56.50
99.45
67.0% 150.7% 265.2%
Q2
8.082
11-Apr
8.082
8.077
8.078
14.14
37.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
73
BCAF02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.154
8.199
8.232
8.198
8.167
8.182
29-Mar 28-Jun 20-Sep 27-Dec 14-Mar 14-May
8.154
8.215
8.232
8.224
8.242
8.194
8.143
8.183
8.172
8.161
8.154
8.088
1
8.149
8.201
8.232
8.224
8.167
8.179
WA
10.15 115.94 101.76 119.74
89.76 127.11
Volume2
32.5% 371.0% 325.6% 383.2% 287.2% 406.7%
Turnover3
Modified Duration (Yrs): 9.298
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BCAF02D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.411
8.314
29-Mar 25-Jun
8.443
8.411
8.411
8.307
8.411
8.333
WA1
13.00 150.82
Volume2
41.6% 482.6%
Turnover3
Modified Duration (Yrs): 9.336
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.440
26-Sep
8.442
8.333
8.424
30.14
96.5%
8.290
8.407
18-Dec 26-Mar
8.309
8.411
8.282
8.405
8.407
8.293
22.47
36.02
71.9% 115.3%
8.514
20-Jun
8.514
8.438
8.440
9.99
32.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
BCAF02A
7.791
7.875
7.807
63
0.12
63.18%
10.143
2.
BCAF02B
8.046
8.133
8.048
138
0.27
91.91%
9.805
3.
BCAF02C
8.143
8.232
8.224
348
0.67
278.07%
9.298
4.
BCAF02D
8.282
8.443
8.293
216
0.42
173.15%
9.336
765
1.47
Executed Yield (%)
Low
TOTAL
74
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
8
BCAF02A
18
22
Q2-2007
9
BCAF02B
47
56
25
-
150
-
125
Outstanding
30
151
13
BCAF02D
-
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
22
-
125
Outstanding
120
102
116
10
Outstanding
-
Outstanding
BCAF02C
Q4-2007
15
100
Outstanding
Q3-2007
105
140
175
210
245
280
315
350
75
BDKI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK DKI (BPD DKI)
:
:
:
:
:
idABank
Moch. Syahroni
Bank Mega Tbk
PROFILE
PT Bank of DKI represents one of the bank property of Local government
of DKI which is on initially is so called Local Development Bank of DKI
( BPD DKI). Founded on 11 April 1961, with paid-in capital equal to Rp
2,500,000 (two millions five hundreds thousand rupiah). In the year
1999, paid-in capital became Rp 700,000,000,000.00 (seven hundred
billion rupiahs.
Types of Services which is given to his clients such as Foreign Currency
transaction as according to decree of Indonesia Bank Number: 25/67/
KEP/DIR dated 30 November 1992.
ADDRESS
Jl. Ir. H Juanda III/7-9
Jakarta Pusat
Phone : (021) 231-2623, 231-3102, 231-4567
Fax : (021) 231-2893, 351-7660
FINANCIAL HIGHLIGHT
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
286,591
260,273
Placements with Other Banks
911,210 1,829,104
Marketable Securities
5,101,128 3,504,876
Loans
3,526,275 4,756,490
Investments
917
917
Fixed Assets
175,267
173,613
Other Assets
62,196
97,856
Total Assets
11,186,893 11,838,239
Deposits
8,953,678 9,381,780
Taxes Payables
21,103
49,488
Fund Borrowings
67,460
66,446
Other Liabilities
114,365
139,256
Total Liabilities
10,463,049 11,090,931
Minority Interests
Authorized Capital
1,000,000 1,500,000
Paid up Capital
553,917
600,325
1
1
Paid up Capital (Shares)
1,000,000 1,000,000
Par Value
Retained Earnings
122,666
146,983
Total Equity
723,844
747,308
Change %
-9.18
100.73
-31.29
34.89
-0.94
57.34
5.82
4.78
134.50
-1.50
21.76
6.00
N/A
50.00
8.38
8.38
19.82
3.24
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
76
Million Rp except Par Value
1,194,935
674,600
92,179
384,567
145,370
-23,405
121,965
51,372
70,592
1,236,182
564,324
15,908
472,040
158,766
-8,268
150,498
78,108
72,391
3.45
-16.35
-82.74
22.75
9.22
64.67
23.39
52.04
N/A
2.55
14.45
0.63
5.91
12.17
14.84
0.61
5.86
12.84
2.67
-3.09
-0.87
5.57
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BDKI04
1.
2.
700,000
IV Tahun 2004
BDKI05B
425,000
V Tahun 2008
BDKI05A
3.
Outstanding
(Rp Million)
Subordinasi I Tahun 2008
325,000
Listing
Date
18-Jun-04
05-Mar-08
05-Mar-08
Maturity
Date
17-Jun-09
04-Mar-13
04-Mar-18
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.50%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
idA-
5 Years
Fixed: 11.25%
04-Jun-08
04-Sep-08
04-Dec-08
04-Mar-09
idA-
10 Years
Year 1-5: Fixed: 12.25% & Year 610: 22.25%
04-Jun-08
04-Sep-08
04-Dec-08
04-Mar-09
idBBB+
5 Years
TRADING HIGHLIGHT
BDKI04
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
9.991 10.359 10.053
29-Mar 26-Jun 28-Sep
10.249 10.359 30.956
9.975
9.947
9.937
1
10.019
10.094
9.981
WA
391.97 269.52 389.33
Volume2
224.0% 154.0% 222.5%
Turnover3
Modified Duration (Yrs): 2.782
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
9.940
9.937 10.347
13-Dec 14-Mar 27-Jun
10.139 10.245 10.347
9.895 10.052
9.801
9.946
9.937 10.171
119.05 467.39 380.32
68.0% 267.1% 217.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BDKI05A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
8.608
22-Feb
8.611
8.591
8.605
42.04
39.6%
8.540
19-Jun
9.624
8.526
8.526
61.52
57.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
77
BDKI05B
Trading Volume
(Rp Billion)
15.0
12.5
12.0
10.0
9.0
7.5
6.0
5.0
3.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.117
22-Feb
9.117
9.117
9.117
6.00
7.4%
9.033
27-Apr
9.140
9.033
9.140
14.72
18.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDKI04
Low
9.801
High
Weighted Avg.
Executed
Yield (%)
30.956
9.946
TOTAL
% of Total
Turnover
Ratio
(%)
1,170
2.25
167.12%
1,170
2.25
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
2.782
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BDKI04
Q3-2007
392
120
240
360
Outstanding
389
700
-
Q4-2007
270
Outstanding
78
Q2-2007
119
-480
600
720
840
960
1,080
1,200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
79
BDMN BANK DANAMON INDONESIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Bank Danamon, Jl. Prof. DR. Satrio Kav. E4/6
Mega Kuningan, Jakarta - 12940
Phone : (021) 5799-1001 - 03 (H)
Fax : (021) 5799-1056, 5799-1160/61
idAA+
Bank
http://www.danamon.co.id/
Dini Herdini
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Established in 1956, PT Bank Danamon Indonesia Tbk (Danamon) is
the second largest private national bank and the fifth largest commercial
bank in Indonesia, with a 5% share of the domestic system loans and
deposits. Danamon has the widest geographic distribution network of
all Indonesian banks with 1,101 branch offices, 718 ATMs and is wellsupported by more than 38,959 employees. Danamon is recognized as
Indonesia’s leading SME and consumer bank and also serves corporate
and institutional customers across Indonesia.
Presently, Asia Financial Indonesia Pte. Ltd (AFI) owns 68.05% of
Danamon shares. The holders of the AFI shares are Temasek Holdings
(Pte) Ltd. and Deutsche Bank AG. Temasek Holdings is theSingapore
investment holding company with many renowned companies in
Singapore as its subsidiary companies. Some of them are Singapore
Airlines and DBS Bank, one of the biggest financial services assembling
in Asia. Another 31.95% of Danamon’s shares are owned by the public
owned.
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Million Rp except Par Value
Dec-2006
832,583
4,986,250
6,012,055
39,746,644
12,052
1,574,536
2,696,414
82,072,687
58,963,510
167,039
1,028,329
2,033,480
72,385,809
244,951
10,000,000
3,581,679
4,946
Dec-2007
1,237,518
4,959,485
4,110,753
49,858,293
12,053
1,538,878
3,665,715
89,409,827
62,413,009
184,687
1,510,124
2,782,714
78,239,344
337,038
10,000,000
3,625,336
5,033
Change %
48.64
-0.54
-31.62
25.44
0.01
-2.26
35.95
8.94
5.85
10.57
46.85
36.84
8.09
37.59
1.22
1.77
26.92
14.74
50,000 & 500 50,000 & 500
5,196,109 6,595,065
9,441,927 10,833,445
INCOME STATEMENTS
Total Interest Income
11,684,007 13,471,200
5,690,278 5,662,297
Interest Expenses
Other Operating Income
1,107,961 1,030,382
Other Operating Expenses 4,694,451 5,406,846
Income from Operations
2,548,963 3,603,760
Non-Operating Income
-445,722
-290,235
Income Before Tax
2,103,241 3,313,525
Provision for Income Tax
652,328 1,043,549
-125,581
-153,061
Minority Interests
Net Income
1,325,332 2,116,915
15.30
-0.49
-7.00
15.18
41.38
34.88
57.54
59.97
-21.88
59.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
-5.80
46.62
38.54
22.62
7.67
1.61
11.34
21.82
7.22
2.37
15.71
26.75
AS OF JUNE 2008
No.
1.
2.
80
Code
BDMN01A
BDMN01B
Series Name
I Tahun 2007 Seri A
I Tahun 2007 Seri B
Outstanding
(Rp Million)
250,000
1,250,000
Listing
Date
20-Apr-07
20-Apr-07
Maturity
Date
19-Apr-10
19-Apr-12
Issue
Term
3 Years
5 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 9.40%
19-Jul-07
19-Oct-07
19-Jan-08
19-Apr-08
idAA+
Fixed: 10.60%
19-Jul-07
19-Oct-07
19-Jan-08
19-Apr-08
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BDMN01A
Trading Volume
(Rp Billion)
450
12.5
360
10.0
270
7.5
180
5.0
90
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 4.912
-
Last
Date
High
Low
Q4
-
-
-
Q1
Q2
7.703
7.705
09-Oct 29-Feb
7.703
7.705
7.703
7.705
7.703
7.705
10.01 400.00
16.0% 640.0%
8.082
30-Jun
8.131
8.085
8.108
2.30
3.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BDMN01B
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.395
8.297
14-Mar 29-Jun
8.372
8.398
8.395
8.266
8.285
8.397
WA1
33.01 194.33
Volume2
10.6% 62.2%
Turnover3
Modified Duration (Yrs): 8.317
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.294
14-Sep
8.401
8.201
8.316
196.09
62.8%
8.349
07-Dec
8.355
8.323
8.346
142.18
45.5%
8.354
31-Mar
8.375
8.331
8.355
119.56
38.3%
8.846
30-Jun
8.846
8.284
8.353
191.07
61.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDMN01A
2.
BDMN01B
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.02
4.00%
4.912
566
1.09
45.25%
8.317
576
1.11
TRADING VOLUME
(Billion Rp)
7.703
7.703
7.703
10
8.201
8.401
8.346
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BDMN01A Outstanding
250
BDMN01B 33
--
194
196
142
--
1,250
Outstanding
-
130
260
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
390
520
650
780
910
1,040
1,170
1,300
81
BDSS BANK SUMSEL (BPD SUMATERA SELATAN)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kapten A. Rivai No. 21
Palembang 30129
Phone : (0711) 350-494, 351-867
Fax : (0711) 377-620
idABank
http://www.banksumsel.com
Nelson Wijaya
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Sumsel had been licensed as Regional Development Bank on
February 27, 1963 and domiciled in Palembang, South Sumatera. The
Company had been known as BPD Sumsel. In 1993, The Company had
been licensed as a General Bank.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
146,675
2,354,960
1,604,442
1,831,772
111,010
76,703
6,838,309
5,466,141
6,061
41,792
23,555
6,452,887
600,000
237,392
0.24
1,000,000
46,751
385,422
Dec-2007
130,981
467,528
2,905,032
2,503,878
124,045
102,965
7,443,451
5,874,563
5,997
41,145
30,592
6,947,458
600,000
286,429
0.29
1,000,000
69,844
495,993
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
733,453
308,311
12,696
262,038
88,818
-13,351
75,468
28,716
46,751
783,743
353,580
17,167
286,212
132,140
-21,924
110,216
40,371
69,844
6.86
14.68
35.22
9.23
48.78
-64.22
46.04
40.59
N/A
49.40
16.74
0.68
6.37
12.11
14.01
0.94
8.91
16.86
-16.34
37.25
39.81
39.23
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
-10.70
-80.15
81.06
36.69
N/A
11.74
34.24
8.85
7.47
-1.06
-1.55
29.87
7.66
N/A
20.66
20.66
49.40
28.7
AS OF JUNE 2008
No.
1.
82
Code
BDSS01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
97,500
Listing
Date
16-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.375 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BDSS01XXBFTW
Trading Volume
(Rp Billion)
62.5
12.5
50.0
10.0
37.5
7.5
25.0
5.0
12.5
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
Q4
10.977 10.825 10.792 10.911
26-Feb 31-May 28-Sep 18-Dec
11.048 11.093 10.869 10.943
10.977 10.825 10.730 10.836
10.989 11.093 10.775 10.836
WA1
8.29
5.12
59.66
27.79
Volume2
34.0% 21.0% 244.7% 114.0%
Turnover3
Modified Duration (Yrs): 4.652
Last
Date
High
Low
Q1
Q2
10.486
08-Jan
10.486
10.435
10.463
3.07
12.6%
3.395
12-Jun
3.447
3.395
3.395
4.03
16.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDSS01XXBFTW
Low
High
10.730
11.093
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
101
0.19
103.43%
101
0.19
TRADING VOLUME
(Billion Rp)
10.836
TOTAL
Modified
Duration (Yrs)
End of Year
4.652
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
8
BDSS01XXBFTW
Q2-2007
Q3-2007
5
Outstanding
60
28
98
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
30
40
50
-60
70
80
90
100
110
83
BETA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BETA INTI MULTIFINANCE
:
:
:
:
:
ADDRESS
Plaza Kebon Jeruk Blok B. No. 6-7
Jl. Kedoya Raya (Perjuangan) Jakarta - 11530
Phone : (021) 530-9331, 532-4309
Fax : (021) 536-3549
Baa3.id
Financial Institution
http://www.betainti.com
Helen Widjaja
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
16,589
832
2,826
1,200
-82.97
44.24
38,757
40,509
4.52
248
176
183
103,200
803
78,014
25
25,000
10,000
10
1,000
15,186
25,186
17
105
475
107,820
695
78,456
25
25,000
10,000
10
1,000
19,365
29,365
-92.96
-40.22
159.45
4.48
N/A
-13.45
0.57
27.51
16.59
24,090
18,577
5,512
22,438
16,551
5,887
-6.86
-10.91
N/A
6.79
Net Tax
Net Income
1,363
4,149
1,708
4,178
25.30
0.71
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
3.10
4.02
17.22
22.88
2.67
3.88
18.62
26.24
-13.74
-3.60
8.13
14.66
BALANCE SHEETS
Located in Jakarta, was established in May 3rd 1994 and originally
named PT Bumiraya Multifinance. The name was changed to PT
Centranusa Intimultifinance after a change of ownership in 2000. The
name was again change to PT Beta Intimultifinance, until now.
With paid up capital of Rp 10 billion and asset of Rp 107.8 billion at
the end of 2007, the company is the bigest medium size multifinance
company. The paid up capital was again raised to Rp 20 billion.
The company’s main business is consumption financing, capital
leasing and factoring. The types of assets including automotive, house,
machinary, commercial building etc. The loan is given through retail,
individually to consumer or through cooperation with companies or other.
The area of operation is all across Indonesia, but specially in Jakarta.
In 2004, the company raised capital through bond issuance with a
value of Rp 65 billion. The company’s bond is currently rated Baaa3.id
(Stable Outlook) by PT Moodys Indonesia. The Company was already
ammortizing 20% of its bond in February of 2007
In 2005, the company received an award from Info Bank megazine with
the very satisfactory notation for 2004 annual report performance. And
then sequentionally in 2006 and 2007, the company received award from
InfoBank megazine version rating.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Change %
AS OF JUNE 2008
No.
1.
84
Code
BETA01XXBFTW
Series Name
Amortisasi I Tahun 2004
Outstanding
(Rp Million)
39,000
Listing
Date
18-Feb-04
Maturity
Date
17-Feb-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.50%
17-Feb-07
17-May-07
17-Aug-07
17-Nov-07
Rating
Baa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BETA01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
9.301
9.287
29-Mar 26-Jun
9.339
9.301
9.287
9.249
9.287
9.249
WA1
40.95
35.10
Volume2
315.0% 270.0%
Turnover3
Modified Duration (Yrs): 7.912
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.299
23-Aug
9.299
9.299
9.299
8.00
61.5%
9.275
13-Dec
9.275
9.275
9.275
2.00
15.4%
9.247
30-Jan
9.247
9.247
9.247
2.00
20.5%
9.006
22-Apr
9.006
9.006
9.006
1.24
12.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BETA01XXBFTW
Low
High
9.249
Weighted Avg.
Executed
Yield (%)
% of Total
86
0.17
165.48%
86
0.17
(Billion Rp)
9.275
9.339
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.912
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BETA01XXBFTW
Q2-2007
Q4-2007
41
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
35
52
Outstanding
I N D O N E S I A
Q3-2007
8
2
-30
40
50
60
70
80
90
100
85
BEXI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK EKSPOR INDONESIA (PERSERO)
:
:
:
:
:
idABank
http://www.bexi.co.id
Tri Utami R. Nugroho
Bank Mandiri (Persero) Tbk
PROFILE
The Indonesian government established Bank Ekspor Indonesia (BEXI)
in 1999 with a paid-in capital of IDR3 trillion through Government
Regulation (Peraturan Pemerintah) No. 37/99. Its primary objective is to
provide financing, guarantees, consultation and other supporting services
for export-oriented industries and the banking sector. The Company has
one head office in Jakarta and two marketing offices in Surabaya and
Medan. As of March 31, 2002, outstanding loans and guarantee portfolio
was IDR6.4 trillion. The Company is wholly-owned by the Government of
Indonesia through Ministry of Finance, while the supervisory was under
Ministry of BUMN for operation and Central Bank for bank regulation.
ADDRESS
Indonesia Stock Exchange Building, Tower II 8th Fl.
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-4638
Fax : (021) 515-4639
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
86
Million Rp except Par Value
Dec-2006 Dec-2007
357
230
761,340 1,134,793
1,422,738 2,583,126
5,797,750 6,258,052
4,754
4,916
54,480
43,045
8,804,579 10,292,037
833,825 1,233,277
14,134
25,488
2,197,334 3,397,629
70,500
78,126
4,811,017 6,125,953
3,000,000 3,000,000
3,000,000 3,000,000
3
3
1,000,000 1,000,000
993,562 1,166,084
3,993,562 4,166,084
Change %
-35.57
49.05
81.56
7.94
N/A
3.41
-20.99
16.89
47.91
80.33
54.63
10.82
27.33
N/A
17.36
4.32
839,392
337,094
18,364
86,433
359,895
730
360,624
114,209
246,222
924,724
437,775
16,074
104,261
404,901
705
405,606
127,208
278,398
10.17
29.87
-12.47
20.63
12.51
-3.42
12.47
11.38
N/A
13.07
1.20
2.80
29.33
42.88
1.47
2.70
30.11
43.79
22.06
-3.27
2.63
2.12
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BEXI01XXBFTW
1.
BEXI03A
3.
150,000
III Tahun 2006 Seri B
BEXI03C
5.
200,000
III Tahun 2006 Seri A
BEXI03B
4.
295,000
I Tahun 2003
II Tahun 2005 Seri B
BEXI02B
2.
Outstanding
(Rp Million)
200,000
150,000
III Tahun 2006 Seri C
Listing
Date
09-Jul-03
20-Jun-05
29-Sep-06
29-Sep-06
29-Sep-06
Maturity
Date
08-Jul-08
17-Jun-10
28-Sep-09
28-Sep-10
28-Sep-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
3 Years
4 Years
5 Years
Rating
Fixed: 13.00%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 12.50%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
idA-
Fixed: 12.50%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
Fixed: 12.70%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
Fixed: 12.80%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
TRADING HIGHLIGHT
BEXI01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.717
15-Mar
12.648
10.705
10.705
WA1
44.06
Volume2
59.7%
Turnover3
Modified Duration (Yrs): 5.239
Last
Date
High
Low
Q4
Q3
-
10.524
27-Sep
11.870
10.456
10.493
177.84
241.1%
Q1
10.719 10.454
13-Dec 28-Mar
10.797 10.475
10.617 10.231
10.619 10.454
47.26
78.94
64.1% 107.0%
Q2
3.197
05-Jun
3.211
2.961
3.072
52.76
71.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q3
Q2
9.874
05-Mar
9.922
9.874
9.902
WA1
32.43
Volume2
64.9%
Turnover3
Modified Duration (Yrs): 7.255
Last
Date
High
Low
Q1-Q2 2008
-
-
-
-
-
Q4
Q1
Q2
9.820
09-Nov
9.820
9.820
9.820
8.99
18.0%
9.700
25-Mar
10.021
9.700
9.701
35.91
71.8%
10.279
02-Jun
10.299
10.279
10.289
2.02
4.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
87
BEXI03A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.479 11.539
08-Mar 22-Jun
11.479 11.539
11.296 11.419
1
11.479 11.463
WA
155.88
18.92
Volume2
415.7% 50.5%
Turnover3
Modified Duration (Yrs): 8.625
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
11.608
07-Sep
11.618
11.508
11.603
17.73
47.3%
11.336
30-Oct
11.402
11.336
11.387
12.55
33.5%
Q2
-
12.043
10-Jun
12.043
11.691
12.043
23.50
62.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI03B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.682 11.459
05-Mar 28-Jun
11.703 11.683
11.419 11.424
11.551 11.601
WA1
71.29
70.29
Volume2
142.6% 140.6%
Turnover3
Modified Duration (Yrs): 4.308
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.625
11-Sep
11.899
11.625
11.625
4.18
8.4%
12.028
14-Dec
12.028
11.336
11.374
45.42
90.8%
11.551 11.695
28-Mar 26-Jun
11.551 12.152
11.389 11.583
11.551 12.137
27.53
59.90
55.1% 119.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.318 11.613
22-Mar 06-Jun
11.646 11.613
11.299 11.383
11.402 11.498
WA1
87.66
18.30
Volume2
233.8% 48.8%
Turnover3
Modified Duration (Yrs): 2.434
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
11.564
26-Sep
11.567
11.403
11.566
19.41
51.8%
-
Q1
Q2
11.649
26-Mar
11.771
11.282
11.649
21.37
57.0%
11.933
10-Jun
12.330
11.933
12.269
28.17
75.1%
1
-
-
Q1-07
88
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
10.456
12.648
% of Total
Turnover
Ratio
(%)
0.52
91.24%
5.239
0.08
20.71%
7.255
0.40
136.72%
8.625
0.37
95.59%
4.308
0.24
83.58%
2.434
TRADING VOLUME
No.
Code
1.
BEXI01XXBFTW
(Billion Rp)
2.
BEXI02B
9.820
9.922
9.820
41
3.
BEXI03A
11.296
11.618
11.387
205
4.
BEXI03B
11.336
12.028
11.374
191
5.
BEXI03C
11.299
11.646
11.566
125
832
1.60
10.619
269
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
44
BEXI01XXBFTW
Q2-2007
Q3-2007
-
Outstanding
178
47
295
Outstanding
32
BEXI02B
--
- 9
200
Outstanding
--
156
BEXI03A
19
150
Outstanding
18
70
45
200
Outstanding
18
88
BEXI03C
--
19 -
150
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
13
--
71
BEXI03B
I N D O N E S I A
Q4-2007
-90
120
150
180
210
240
270
300
89
BFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BFI FINANCE INDONESIA TBK
:
:
:
:
:
ADDRESS
Menara Kebon Sirih, 25th Fl. Jl. Kebon Sirih No. 17 - 19
Jakarta - 10340
Phone : (021) 391-0110, 392-0061, 392-0091
Fax : (021) 391-2005, 392-0607
Baa1.id
Financial Institution
http://www.bfi.co.id
Cornellius Henry
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Following the Asian financial crisis in 1998, BFI became one of a small
number of companies that successfully managed to restructure its debts
early and without government’s assistance in 2001.
Currently BFI is majority owned by foreign shareholders that are leading
institutional funds.
After the debt restructuring, BFI shifted its concentration to car financing
and leasing. At the same time it shifted its focus to resources-rich
Sumatera and Borneo. As of August 2008, BFI has 64 branches spread
out across Indonesia.
BFI is licensed to operate as a finance company from the Ministry of
Finance, and currently engages in leasing and consumer financing
activities.
BFI is a major player in the heavy equipment leasing and automotive
financing industry in Indonesia. Its receivable portfolio is well diversified
across geography, brands and vehicles type. Almost 74% of BFI business
is in used cars, 14% in new cars and 12% in heavy equipment.
BFI was awarded the “Best Multi-Finance Company” since 2006 to 2008
by Infobank Magazine and Investor Magazine which assigned weightage
and rankings to these companies based on criteria including net profit,
equity, assets and liabilities.
Change %
Dec-2006
Dec-2007
83,646
-
108,687
-
29.94
N/A
1,007,762
1,876,609
86.22
33,120
31,518
1,426,625
298,944
6,775
374,623
1,000
500,000
380,170
760
500
313,926
1,052,002
39,934
110,902
2,523,979
990,518
41,216
1,320,689
1,000
500,000
380,170
760
500
465,214
1,203,290
N/A
20.57
251.87
76.92
231.34
508.31
252.54
48.19
14.38
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
381,060
177,344
203,717
570,434
291,834
278,601
49.70
64.56
N/A
36.76
Net Tax
Net Income
44,547
162,960
82,222
200,170
84.57
22.83
0.36
11.42
42.76
53.46
1.10
7.93
35.09
48.84
208.21
-30.57
-17.94
-8.64
BALANCE SHEETS
Founded in 1982, as a joint venture with Manufacturer Hanover of the
USA, BFI Finance Indonesia is one of the oldest finance companies in
Indonesia. Since 1990, BFI is listed on the Indonesia Stock Exchange.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
90
Code
BFIN02
Series Name
Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
20-Aug-07
Maturity
Date
16-Aug-09
Issue
Term
2 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.50%
16-Nov-07
16-Feb-08
16-May-08
16-Aug-08
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BFIN02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
8.708
N/A 27-Sep
N/A
N/A
N/A
8.715
N/A
N/A
8.698
N/A
N/A
8.707
WA1
N/A
N/A 120.71
Volume2
N/A
N/A 241.4%
Turnover3
Modified Duration (Yrs): 8.311
Last
Date
High
Low
Q4
Q1
Q2
8.700
19-Dec
8.701
8.687
8.693
23.97
47.9%
8.684
14-Mar
8.697
8.684
8.684
20.68
41.4%
8.691
13-Jun
8.703
8.687
8.697
33.85
67.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BFIN02
Low
High
8.687
% of Total
145
0.28
72.34%
145
0.28
(Billion Rp)
8.693
8.715
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.311
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BFIN02 -
Q2-2007
Q3-2007
Q4-2007
121
Outstanding
24
200
Outstanding
-
20
40
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
80
100
-120
140
160
180
200
220
91
BFNC BHAKTI FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Bhakti Finance Building
Jl. Abdul Muis No. 36, Jakarta - 10160
Phone : (021) 385-8080
Fax : (021) 384-8431
Baa2.id
Financial Institution
Purnadi Harjono
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
This company was established in Jakarta as PT Citra International
Finance and Investment Corporation” with act no. 64, November 14,
1989 made by Maria Lidwina Indriani Soepojo, SH. Notary in Jakarta.
This establishing act has received admittance from Indonesian ministry
of law
The name of PT Citra International Finance and Investment Corporation
was changed into PT Bhakti Finance based on act no. 48, November
10, 2003. made by Aulia Taufani, SH. Subtitute Notary of Sutjipto, SH.,
Notary in Jakarta and has received admittance from Indonesian ministry
of Law.
Presently, PT Bhakti Capital Indonesia, Tbk. owns 99,9% shares of the
company, while the remaining shares was held by Employee Cooperative
of PT Bhakti Investama, Tbk.. The company has no subsidiary.
The company’s headquarter and operational office was located in Bhakti
Finance Building, jalan Abdul Muis, no.36 C-F, Jakarta 10160 up to now.
At present, the company has 42 branch offices located in Jabotabek,
Java and Sumatera.
Main operation of the company centers around consumer financing,
leasing and factoring, by focusing more on motorcycles, be it Japanmade or otherwise, electronic goods, computer, home appliances and
some others.
Company has an integrated brand communication program under the
“Bang Kredit” as mascot.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
4,609
8
12,498
42
171.18
442.10
123,798
261,853
111.52
2,846
11,546
2,874
204,908
18,950
1,389
124,428
0.3
280,000
70,000
0.1
1,000,000
10,479
80,479
4,972
11,739
3,376
367,057
114,129
3,439
278,086
0.3
280,000
70,000
0.1
1,000,000
18,971
88,971
74.68
1.67
17.47
79.13
502.27
147.50
123.49
81.03
10.55
56,557
53,685
2,873
92,389
80,045
12,343
63.35
49.10
N/A
329.67
833
2,039
3,852
8,492
362.23
316.37
1.55
1.00
3.61
5.08
3.13
2.31
9.19
13.36
102.16
132.43
154.89
163.03
AS OF JUNE 2008
No.
1.
92
Code
BFNC02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
150,000
Listing
Date
04-Dec-07
Maturity
Date
03-Dec-10
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
03-Mar-08
03-Jun-08
03-Sep-08
03-Dec-08
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BFNC02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.558
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
Q2
9.304
19-Dec
9.304
9.304
9.304
35.00
93.3%
9.295
03-Mar
9.297
9.295
9.295
2.00
5.3%
9.358
12-Jun
9.481
9.238
9.238
12.56
33.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BFNC02
Low
High
9.304
% of Total
35
0.07
23.33%
35
0.07
(Billion Rp)
9.304
9.304
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.558
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BFNC02 -
Q2-2007
Q3-2007
Q4-2007
Outstanding
35
150
Outstanding
-
15
30
45
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
60
75
-90
105
120
135
150
165
93
BJBR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK JABAR BANTEN
:
:
:
:
:
ADDRESS
Jl. Naripan No. 12-14
Bandung
Phone : (022) 423-4868
Fax : (022) 421-4838, 420-2995
idA
Bank
http://www.bankjabar.co.id
Suhirman
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
The Company was founded in Bandung under the name of “PT Bank
Karja Pembangunan Daerah Djawa Barat”. This establishment was
based on the Decree of Governor of Regional Government of West
Java Province No. 7/GKDH/BPD/61 dated 20 May 1961 regarding The
Regional Company Establishment of PT Bank Karja Pembangunan
Daerah Djawa Barat as a result of the nationalization of Dutch company
N.V. Denis (De Eerste Nederlandsch Indische Shareholding). In 1962,
the legal form of the Company has been changed from the Limited
Liability Company Bank Karja Pembangunan Daerah Djawa Barat to
Djawa Barat Regional Development Bank
In 1992, based on the Decree of Bank of Indonesia No. 25/84/KEP/DIR
dated 2 November 1992 status of the Company has been promoted
to become Commercial Foreign Exchange Bank and according to the
permit of Bank of Indonesia No. 2/18/DpG/DPIP dated 12 April 2000,
commencing 15 April 2000, the Company became the first of Regional
Development Bank in Indonesia to use the dual banking system, both
Conventional and Sharia Systems.
In 1998, legal form of the Company has been changed to the Limited
Liability Company based on the Provincial Regulation of West Java
Province No. 22 Year 1998 dated 14 December 1998 regarding the
Change of Legal Form of Bank Pembangunan Daerah Jawa Barat
from Regional Company to the Limited Liability Company (PT) Bank
Pembangunan Daerah Jawa Barat. This transformation was further
regulated in Article of Association of the Company as stated in the Deed
of Establishment of PT Bank Pembangunan Daerah Jawa Barat No. 4
dated 8 April 1999 jo. Deed of Revision No. 8 dated 15 April 1999, both
executed before Ny. Popy Kuntari Sutresna, SH., notary in Bandung.
The articles of association of the Company has been amended as
stated in the Deed of the Extraordinary General Shareholder’s Meeting
PT Bank Jabar No. 2 dated 3 July 2007 jo. Deed of Amendment No. 9
dated 27 August 2007, both executed before Ny. Popy Kuntari Sutresna,
SH., MH., notary in Bandung, which amending name of the Company
became “PT Bank Pembangunan Daerah Jawa Barat and Banten” or “
Bank Jabar Banten”.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
672,645
1,915,422
4,690,022
11,606,721
4,930
438,261
212,519
21,290,573
16,336,444
77,302
76,476
384,332
19,436,531
4,000,000
1,073,034
107
10,000
589,567
1,854,042
Dec-2007
1,049,539
3,528,648
2,892,623
12,809,919
6,412
456,369
266,801
23,122,845
18,167,138
47,057
60,695
432,475
20,887,240
4,000,000
1,264,475
126
10,000
740,007
2,235,605
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
2,384,432
1,289,443
196,570
787,264
504,295
-1,958
502,337
201,267
301,070
2,459,590
1,238,026
219,749
881,941
559,372
1,302
560,674
184,431
376,243
3.15
-3.99
11.79
12.03
10.92
N/A
11.61
-8.37
N/A
24.97
10.48
1.41
12.63
21.15
9.34
1.63
15.30
22.74
-10.88
15.07
21.15
7.53
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
56.03
84.22
-38.32
10.37
30.06
4.13
25.54
8.61
11.21
-39.13
-20.64
12.53
7.46
N/A
17.84
17.84
25.52
20.58
AS OF JUNE 2008
No.
1.
2.
94
Code
BJBR04B
BJBR05
Series Name
IV Tahun 2004 Seri B
V Tahun 2006
Outstanding
(Rp Million)
690,000
1,000,000
Listing
Date
06-Oct-04
11-Dec-06
Maturity
Date
05-Oct-09
08-Dec-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 12.50%
05-Jan-07
05-Apr-07
05-Jul-07
05-Oct-07
idA
Fixed: 11.25%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BJBR04B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
11.302 10.639
27-Mar 08-Jun
11.302 11.625
10.795 10.609
1
10.812 10.626
WA
140.40
50.84
Volume2
81.4% 29.5%
Turnover3
Modified Duration (Yrs): 5.273
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.043
06-Sep
11.075
10.648
10.662
62.27
36.1%
11.302
14-Dec
11.302
10.843
10.850
17.47
10.1%
11.231
19-Mar
11.231
10.952
11.231
50.07
29.0%
11.015
27-Jun
11.042
10.705
10.881
49.19
28.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BJBR05
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.646
8.631
23-Mar 27-Jun
8.814
8.871
8.607
8.631
8.814
8.871
WA1
154.35
73.62
Volume2
61.7% 29.4%
Turnover3
Modified Duration (Yrs): 9.662
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.694
24-Sep
8.871
8.577
8.640
205.23
82.1%
8.583
19-Dec
8.814
8.577
8.598
155.32
62.1%
8.736
28-Mar
8.879
8.601
8.738
74.73
29.9%
8.871
29-Apr
8.871
8.871
8.871
6.00
2.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BJBR04B
2.
BJBR05
Low
High
10.609
11.625
10.850
8.577
8.871
8.598
% of Total
Turnover
Ratio
(%)
0.52
39.27%
5.273
589
1.13
58.85%
9.662
859
1.66
TRADING VOLUME
(Billion Rp)
271
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
140
BJBR04B
51
Q2-2007
Q3-2007
Q4-2007
62 17
690
Outstanding
154
BJBR05
Outstanding
74
--
205
155
1,000
Outstanding
-
100
200
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
400
500
-600
700
800
900
1,000
1,100
95
BJTM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK JATIM (BPD JAWA TIMUR)
:
:
:
:
:
ADDRESS
Jl. Basuki Rakhmad No. 98 - 104
Surabaya 60271
Phone : (031) 531-0090, 531-0099
Fax : (031) 531-1056, 531-1054
idABank
http://www.bankjatim.net.id
Murlan Hadie
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Jatim (Bank Pembangunan Daerah Jawa Timur) was founded
in 17 August 1961 in Surabaya, based on National Deed No. 91 dated
17 August 1961. Furthermore, based on regulation No. 13 dated 1962
about the main rule of Regional Development Bank and regulation No. 14
dated 1967 about banking rules, completion is undertaken by Regional
Government of East Java regulation No. 2 dated 1976 to change the
company’s status from limited company to regional government owned
company (BUMD).
In 1990, Bank Jatim upgraded its status from commercial bank to foreign
exchange reserve bank, backed by Decrees of Bank Indonesia No.
23/28/KEP/DIR dated 2 August 2008.
Million Rp except Par Value
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
946,944 1,204,338
Placements with Other Banks 2,498,088 2,156,308
Marketable Securities
4,568,848 4,101,008
Loans
4,542,304 5,430,616
Investments
Fixed Assets
76,082
69,132
Other Assets
7,227
5,446
Total Assets
14,170,573 15,735,812
Deposits
12,095,160 13,292,880
Taxes Payables
58,318
41,681
Fund Borrowings
86,523
114,813
Other Liabilities
37,257
92,714
Total Liabilities
12,916,228 14,174,713
Minority Interests
Authorized Capital
750,000 2,000,000
Paid up Capital
532,166
664,410
Paid up Capital (Shares)
0.53
0.66
Par Value
1,000,000 1,000,000
Retained Earnings
381,593
403,466
1,254,345 1,561,099
Total Equity
Change %
27.18
-13.68
-10.24
19.56
N/A
-9.13
-24.64
11.05
9.90
-28.53
32.70
148.85
9.74
N/A
166.67
24.85
24.85
5.73
24.46
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,753,645
652,757
69,181
543,707
557,181
-423
556,758
175,165
381,593
1,739,271
714,284
66,325
450,726
574,261
9,548
583,809
180,343
403,466
-0.82
9.43
-4.13
-17.10
3.07
N/A
4.86
2.96
N/A
5.73
10.30
2.69
21.76
31.77
9.08
2.56
23.20
33.02
-11.82
-4.79
6.61
3.92
AS OF JUNE 2008
No.
1.
96
Code
BJTM03XXBFTW
Series Name
III Tahun 2003
Outstanding
(Rp Million)
280,000
Listing
Date
14-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.45 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BJTM03XXBFTW
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
Q4
10.482 10.350 10.310
27-Mar 14-Jun 27-Sep
10.574 10.350 10.368
10.431 10.318 10.278
10.497 10.318 10.335
WA1
33.15
8.31 165.47
Volume2
47.4% 11.9% 236.4%
Turnover3
Modified Duration (Yrs): 5.317
Q1
Q2
10.438 10.075
14-Dec 18-Mar
10.448 10.187
9.983
10.350
9.992
10.354
26.19 110.88
37.4% 158.4%
Last
Date
High
Low
3.053
03-Jun
3.390
3.053
3.053
48.57
69.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BJTM03XXBFTW
Low
High
10.278
10.574
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
233
0.45
83.26%
233
0.45
TRADING VOLUME
(Billion Rp)
10.354
TOTAL
Modified
Duration (Yrs)
End of Year
5.317
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
33
BJTM03XXBFTW
Q2-2007
8
Q3-2007
Outstanding
165
26
280
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
90
120
-150
180
210
240
270
300
97
BLAM BANK LAMPUNG (BPD LAMPUNG)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idBBB
Bank
http://www.banklampung.co.id
Ahmad Ben Bella
Bank Mandiri (Persero) Tbk
PROFILE
BANK LAMPUNG (PD. Bank Pembangunan Lampung) legally operated
on January 31, 1966. based on permition from Ministry of Central Bank
No. Kep. 66/ubs/1965 and district regulation no. 8/PERDA/II/DPRD/73
established to support economic development in all subject as one
source of district earning to enhance people’s wealth.
In April 1999, the Bank’s name and status were changed to Perseroan
Terbatas Bank Pembangunan Daerah Lampung (PT. Bank Lampung).
As of March 2006, Provincial Government of Lampung is the major
shareholder with 57.1% ownership, while the remaining is owned by
several Municipal Governments in Lampung (41.3%) and Koperasi
Karyawan (1.6%).
As developing economy and bank to improve capital and competition,
product expansion as well as giving a chance to the people to join as
shareholder by remain concerning on its function as general bank and
district cash holder.
PT Bank Lampung’s focus on relatively secure consumer loans,
expansion to Civil Servants (Pegawai Negeri Sipil) through “Kredit
Pantas” (Pinjaman Angsuran Terbatas) and Small Medium Enterprise,
which provides promising growths with relatively small risks.
With a continuing capital injection from shareholders, Bank’s total capital
improved to IDR 130.083 billion (fully paid) and IDR 250.000 billion
(authorized capital).
By December 2005, PT. Bank Lampung BPLP employs 540 staffs to
operate its 31 offices and 15 self-owned ATMs.
ADDRESS
Jl. Wolter Monginsidi No. 182
Bandar Lampung
Phone : (0721) 487175, 489127, 489572, 487175 Ext. 130
Fax : FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
56,421
560,358
4,950
1,043,493
550
15,883
3,691
1,858,543
1,525,356
21,409
50,708
1,723,506
150,000
84,300
8
10,000
33,335
135,037
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
236,162
97,197
13,252
86,884
47,834
2,187
50,021
16,765
33,256
239,657
96,584
14,365
88,842
55,205
2,469
57,674
20,166
37,508
1.48
-0.63
8.40
2.25
15.41
12.86
15.30
20.28
N/A
12.79
12.76
1.79
14.08
20.25
10.66
1.90
15.65
23.04
-16.49
6.44
11.14
13.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
98
Million Rp except Par Value
Dec-2007
Change %
53.50
86,608
-68.91
174,235
154,473 3,020.67
1,243,019
19.12
550
20,103
26.57
4,597
24.55
1,969,283
5.96
1,313,301
-13.90
N/A
21,707
1.39
45,545
-10.18
1,800,367
4.46
N/A
150,000
108,719
28.97
11
28.97
10,000
37,544
12.62
168,916
25.09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
I Tahun 2005 Seri A
BLAM01A
BLAM01B
2.
3.
45,000
I Tahun 2005 Seri B
BLAM02
Listing
Date
Outstanding
(Rp Million)
59,000
II Tahun 2007
300,000
14-Jul-05
14-Jul-05
12-Nov-07
Maturity
Date
13-Jul-08
13-Jul-10
09-Nov-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 Years
Rating
Fixed: 12.70%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idBBB
Fixed: 12.90%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idBBB
Fixed: 11.85%
09-Feb-08
09-May-08
09-Aug-08
09-Nov-08
idBBB
5 Years
TRADING HIGHLIGHT
BLAM01A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
Q3
-
-
WA1
2
Volume
Turnover3
Modified Duration (Yrs): 5.961
-
Q1-Q2 2008
Q4
9.716
14-Sep
9.726
9.716
9.723
4.63
41.1%
Q1
-
Q2
-
-
-
-
3.160
12-Jun
3.160
3.160
3.160
1.03
9.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BLAM01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.685
- 16-May
9.717
9.685
9.701
WA1
10.54
Volume2
71.4%
Turnover3
Modified Duration (Yrs): 7.677
Last
Date
High
Low
-
Q3
Q1-Q2 2008
Q4
9.682 10.062
29-Aug 28-Nov
9.724 10.062
9.682
9.801
9.703
9.841
2.11
19.85
14.3% 134.6%
Q1
Q2
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
99
BLAM02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.624
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.350
8.248
28-Dec 13-Feb
8.390
8.403
8.290
8.248
8.403
8.306
33.94
97.99
45.2% 130.7%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
8.348
23-Jun
8.404
8.152
8.358
34.48
46.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
BLAM01A
9.716
9.726
9.723
5
0.01
10.28%
5.961
2.
BLAM01B
9.682
10.062
9.841
32
0.06
55.07%
7.677
3.
BLAM02
8.290
8.390
8.306
34
0.07
11.31%
7.624
71
0.14
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BLAM01A Outstanding
45
BLAM01B - 11
--
20
59
Outstanding
BLAM02 -
--
34
300
Outstanding
-
100
30
60
90
120
150
-180
210
240
270
300
330
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
101
BLTA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BERLIAN LAJU TANKER TBK
:
:
:
:
:
ADDRESS
Wisma BSG, 10th Fl., Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5488, 350-5390 ext. 1059
Fax : (021) 350-5391, 350-5488
idA+
Transportation
http://www.blt.co.id
Kevin Wong
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Berlian Laju Tanker Tbk. (the “Company”) was established in 1981
with the name of PT Bhaita Laju Tanker and started its business with
two oil tankers of 12,050 DWT in total tonnage. The Company legally
changed its name to PT. Berlian Laju Tanker in 1988 and has made rapid
progress until today (as of 1st March 2005) by operating 51 vessels with
total tonnage of 1,223,636 DWT, services bulk liquid transportation both
in domestic as well as international waters, covering the Southeast Asia,
Far East, South Asia and Middle East.
Due to the growth of petrochemical industries, the Company has taken
the opportunity to expand its business. In 1986, the Company diversified
its services into transporting other liquid cargoes such as chemicals,
liquefied petroleum gas (LPG), palm oil and molasses.
The Company is the first Indonesian shipping company that listed its
shares on the Jakarta Stock exchange in 1990. Currently, the Company
controls 100% shares in Indigo Pacific Corporation, Diamond Pacific
Corporation and Asean Maritime Corporation. By so doing, it has
strengthened its marketing base and global networks and also reduced
the marketing risks caused by the instability of domestic economy.
The Company keeps delivering its best services inspired by the motto
‘Delivers with Safety, Competitiveness and Timeliness’. Operating 47
owned tankers, 4 chartered-in vessels, and being supported by more
than 1,000 experienced and certified crews, the Company has become
one of the prominent providers of liquidse aborne transportation in Asia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
886,091
537,508
58,880
1,972,477
5,903,932
8,205,956
1,286,463
3,788,333
5,074,796
917,280
259,848
4,158
63
2,520,931
3,131,160
1,980,423
739,674
118,865
3,624,617
15,810,719
20,668,625
5,198,831
12,154,212
17,353,043
917,280
259,938
4,159
63
3,130,100
3,315,582
123.50
37.61
101.87
83.76
167.80
N/A
151.87
304.12
220.83
241.95
N/A
0.03
0.03
24.16
5.89
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,073,788
1,951,494
1,122,293
175,901
946,392
267,644
1,214,036
8,756
1,205,280
3,641,773
2,504,681
1,137,092
239,021
898,071
-129,989
768,082
9,100
758,982
18.48
28.35
1.32
35.88
-5.11
N/A
-36.73
3.93
N/A
-37.03
1.62
14.69
39.21
30.79
5.23
3.67
20.84
24.66
222.93
-75.00
-46.85
-19.91
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
102
Code
BLTA03
SIKBLTA01
Series Name
III Tahun 2007
Sukuk Ijarah Tahun 2007
Outstanding
(Rp Million)
700,000
200,000
Listing
Date
06-Jul-07
06-Jul-07
Maturity
Date
05-Jul-12
05-Jul-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 10.35%
05-Oct-07
05-Jan-08
05-Apr-08
05-Jul-08
idA+
Ijarah Fee
Rp20,600,000,000 p.a.
05-Oct-07
05-Jan-08
05-Apr-08
05-Jul-08
idA+ (sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BLTA03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
9.402
N/A
N/A 28-Sep
N/A
N/A
9.442
N/A
N/A
9.386
N/A
N/A
9.400
WA1
N/A
N/A 182.39
Volume2
N/A
N/A 104.2%
Turnover3
Modified Duration (Yrs): 9.328
Last
Date
High
Low
Q2
Q4
Q1
9.592
12-Nov
9.592
9.554
9.558
25.08
14.3%
9.570 10.140
28-Mar 14-May
9.592 10.187
9.563
9.417
9.442
9.571
20.05
72.09
11.5% 41.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKBLTA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 4.086
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.403
10-Sep
9.403
9.371
9.373
46.61
93.2%
9.551
27-Dec
9.594
9.316
9.551
15.01
30.0%
9.551
12-Mar
9.551
9.551
9.551
5.50
11.0%
9.400
26-Jun
9.423
9.400
9.423
5.20
10.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
BLTA03
9.386
9.592
9.558
207
0.40
29.64%
9.328
2.
SIKBLTA01
9.316
9.594
9.551
62
0.12
30.81%
4.086
269
0.52
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BLTA03 -
182
Q2-2007
Q3-2007
Q4-2007
Outstanding
25
700
Outstanding
SIKBLTA01 -
47
15
200
Outstanding
-
70
-140
210
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
S T O C K
E X C H A N G E
280
350
420
490
560
630
700
770
103
BNIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BNI SECURITIES
:
:
:
:
:
ADDRESS
Sudirman Plaza, Indofood Tower 16th Fl.
Jl. Jend. Sudirman Kav. 76-78, Jakarta
Phone : (021) 570-1205, 2554-3946
Fax : (021) 570-1203, 579-35828
idBBB+
Securities Company
http://www.bnisecurities.co.id
Ronny Hari A.
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT BNI Securities was established based on National Deed No. 22
dated 12 April 1995 which was changed by Notarial Deed No. 39 dated
3 May 1995. The company is a securities firm with activities comprising
of underwriting and brokerage, investment management and investment
advisory and other activities related to capital market regulation as
licensed according to Bappepam-LK decrees.
The Company is a subsidiary of PT BNI Tbk with share composition
ownership of 99.85% by December 2007, while the remaining of 0.15%
were owned by Employee Cooperation PT BNI Securities.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
59,931
9,000
117,257
208,835
9,000
141,496
248.46
20.67
66,058
154,226
36,334
5,250
3,070
488,195
78,928
145,957
209,958
145,161
47,421
5,460
1,013,230
200,107
120.95
36.14
299.52
803.29
77.84
107.55
153.53
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
69,059
2,148
165,059
200,000
100,000
100
1,000
223,136
323,136
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
69,554
45,927
23,626
5,975
29,601
-498
30,099
138,269
86,414
51,854
-23,531
28,323
1,770
26,553
98.79
88.16
119.48
N/A
-4.32
N/A
N/A
-11.78
0.51
6.17
43.28
33.97
2.06
2.62
19.20
37.50
302.37
-57.49
-55.62
10.40
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
39.47
96,319
27,783 1,193.19
312.94
681,601
N/A
200,000
100,000
100
1,000
3.81
231,629
2.63
331,629
AS OF JUNE 2008
No.
1.
104
Code
BNIS01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
300,000
Listing
Date
11-May-07
Maturity
Date
10-May-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.00%
10-Aug-07
10-Nov-07
10-Feb-08
10-May-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNIS01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.466
N/A
N/A 26-Jun
N/A
8.467
N/A
8.460
N/A
8.466
WA1
N/A
18.49
Volume2
N/A 24.6%
Turnover3
Modified Duration (Yrs): 8.854
Last
Date
High
Low
Q4
Q3
Q1
8.447
8.429
05-Sep 06-Dec
8.462
8.460
8.434
8.422
8.452
8.460
26.09 110.36
34.8% 147.1%
Q2
-
8.460
25-Jun
8.460
8.283
8.283
4.11
5.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNIS01
Low
High
8.422
% of Total
155
0.30
51.64%
155
0.30
(Billion Rp)
8.452
8.467
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.854
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BNIS01 -
18
Q2-2007
26
Q3-2007
Q4-2007
Outstanding
110
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
105
BNLI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK PERMATA TBK
:
:
:
:
:
ADDRESS
Permata Bank Tower I
Jl. Jend Sudirman Kav. 27, Jakarta - 12920
Phone : (021) 523-7899, 523-7999
Fax : (021) 523-7244, 523-7253
idA
Bank
http://www.permatabank.com
Sandy Tjipta Muliana
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Permata Tbk (formerly PT Bank Bali Tbk) (“The Bank”) was
establish in Indonesia on Descember 17, based on Notarial Deed No.
228 of Eliza Pondaang, S.H., substitute of Raden Mas Soerojo, S.H.,
notary in Jakarta.
The deed of establish was approved by the Ministry of Justice of the
Republic of Indonesia in its Decision letter No. J.A.5/2/2 dated January
4, 1995, registered in Jakarta Distris\ct Countr under No. 123 dated
January 15, 1955 and published in Supplement No. 292 to State Gazette
of the Republic of Indonesia No. 22 dated March 18, 1955
The Bank’s head office is located at Jalan Jendral Sudirman Kav. 27,
Jakarta
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
575,054
1,070,428
7,404,595
22,783,695
234
1,422,836
1,746,234
37,841,524
30,815,874
95,783
676,163
992,034
34,025,970
53,482
2,600,000
1,300,534
7,743
Dec-2007
702,666
311,713
6,586,022
25,289,060
84
1,328,510
1,624,835
39,298,423
31,076,396
177,190
709,263
1,501,596
35,336,070
59,677
2,600,000
1,300,534
7,743
-4,224,994 -3,725,969
3,762,072 3,902,676
Change %
22.19
-70.88
-11.05
11.00
-64.10
-6.63
-6.95
3.85
0.85
84.99
4.90
51.37
3.85
11.58
11.81
3.74
4,588,209
2,602,095
554,295
1,679,746
520,614
-65,445
455,169
136,719
-6,981
311,469
4,096,153
1,799,116
1,034,458
2,130,844
780,677
-43,879
736,798
227,886
-9,887
499,025
-10.72
-30.86
86.63
26.86
49.95
32.95
61.87
66.68
-41.63
60.22
9.04
0.82
6.79
11.35
9.05
1.27
12.18
19.06
0.11
54.28
79.46
67.97
12,500 & 125 12,500 & 125
AS OF JUNE 2008
No.
1.
106
Code
BNLI01
Series Name
Subordinasi I Tahun 2006
Outstanding
(Rp Million)
500,000
Listing
Date
15-Dec-06
Maturity
Date
14-Dec-16
Issue
Term
Coupon
Structure
10 Years
Coupon
Payment
Date
14-Mar-07
Year 1-5: 12.25%, Year 6- 14-Jun-07
10: 22.25%
14-Sep-07
14-Dec-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNLI01
Trading Volume
(Rp Billion)
625
12.5
500
10.0
375
7.5
250
5.0
125
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
9.553
9.626
9.675
23-Mar 27-Jun 25-Sep
9.791
9.897
9.699
9.584
9.619
9.508
9.757
9.684
9.575
WA1
594.34 386.48 160.66
Volume2
475.5% 309.2% 128.5%
Turnover3
Modified Duration (Yrs): 8.617
Last
Date
High
Low
Q4
Q1
Q2
9.541
17-Dec
9.665
9.541
9.595
84.97
68.0%
9.587
14-Mar
9.689
9.585
9.587
98.43
78.7%
9.709
26-Jun
9.897
9.586
9.709
88.05
70.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNLI01
Low
High
9.508
9.897
9.595
TOTAL
% of Total
Turnover
Ratio
(%)
1,226
2.36
245.29%
1,226
2.36
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.617
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
594
BNLI01
-
130
260
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Outstanding
386
500
Outstanding
Q4-2007
161
85
-390
520
650
780
910
1,040
1,170
1,300
107
BNTB BANK NTB (BPD NTB)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Pejanggik No. 30
Mataram - 83126
Phone : (0370) 636-331, 635-332
Fax : (0370) 623-527
Aa3.id
Bank
H.M. Taufik Gozi
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
This corporate started with establishing Bank Pembangunan Daerah
Nusa Tenggara Barat based on propinsi Nusa Tenggara barat district
rule no 6, 1963.
Based on Propinsi Daerah Tingkat I Nusa Tenggara Barat no. 5, April 21,
1999 Seri D Bank Pembagunan Daerah was changed into perseroan
terbatas (PT) Bank Pembangunan Daerah Nusa Tenggara Barat
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
32,836
342,648
101,839
1,125,318
1,041
35,127
9,900
1,824,641
1,321,719
3,517
53,336
18,807
1,601,731
250,000
155,792
16
10,000
34,867
222,911
Dec-2007
46,820
134,653
71,015
1,393,869
1,125
30,642
16,098
1,922,791
1,290,522
13,047
49,254
36,421
1,674,210
250,000
163,292
16
10,000
43,105
248,580
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
259,727
100,699
8,714
114,671
53,070
-621
52,448
17,948
34,501
286,022
104,846
13,817
137,284
57,710
2,695
60,404
19,730
40,674
10.12
4.12
58.56
19.72
8.74
N/A
15.17
9.93
N/A
17.89
7.19
1.89
13.28
20.43
6.74
2.12
14.22
20.18
-6.27
11.88
7.06
-1.25
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
42.59
-60.70
-30.27
23.86
8.08
-12.77
62.60
5.38
-2.36
270.92
-7.65
93.65
4.53
N/A
4.81
4.81
23.63
11.52
AS OF JUNE 2008
No.
1.
108
Code
BNTB01B
Series Name
I Tahun 2005 Seri B
Outstanding
(Rp Million)
140,000
Listing
Date
11-Apr-05
Maturity
Date
08-Apr-10
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.875%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
Rating
Aa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNTB01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
Q4
10.667 10.752 11.533
23-Jan 19-Jun 27-Sep
10.724 10.753 11.562
10.602 10.346 10.320
10.652 10.367 10.339
WA1
43.39
45.37
22.19
Volume2
129.6% 63.4% 124.0%
Turnover3
Modified Duration (Yrs): 3.774
Q1
-
Last
Date
High
Low
-
Q2
10.932 10.742
18-Feb 30-Jun
10.932 10.751
10.594 10.738
10.675 10.745
56.03
43.11
123.2% 160.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNTB01B
Low
High
10.320
11.562
10.339
TOTAL
% of Total
Turnover
Ratio
(%)
111
0.21
79.25%
111
0.21
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
3.774
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
45
BNTB01B
Q3-2007
22
Q4-2007
Outstanding
43
-
140
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
109
BRAM INDO KORDSA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Pahlawan, Desa Karang Asem Timur Citeurep
Bogor - 16810
Phone : (021) 875-2115
Fax : (021) 875-3934
idAAutomotive & Components
http://www.brantamulia.com
Faisal Dharmasetiawan
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Indo Kordsa Tbk (Formerly: Branta Mulia Tbk) has been manufacturing
high-performance tire cord fabric and yarn for the world’s foremost tire
companies since 1981, when we established South East Asia’s first Tire
Cord Fabric plant. Recoqnised for a commitment to excellence, our
strength lies in our flexibility to collaborate closely with customers, and
our ability to both initiate and respond rapidly to technological advances
in the industry.
Thanks to continuous expansion through development and consolidation
in the region, and later through strategic alliances with global leaders in
the industry, we have emerged as a principal worldwide supplier of tire
reinforcing material. From our plants in Indonesia and Thailand, we now
export Nylon 66 and Polyester Tire Yarn, as well as a range of Tire Cord
Fabric, to major markets worldwide.
As an established producer of a full range of premium quality tire cord
fabric, we are uniquely positioned in this growing region to meet your
needs, however diverse. Think of us as a one-stop shop for all your tire
yarn or fabric requirement.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
159,578
233,314
348,687
837,970
687,877
2,806
1,530,173
212,990
295,494
508,484
188,064
350,000
225,000
450
500
551,554
833,625
252,952
299,338
297,915
911,770
639,999
2,901
1,554,863
183,230
279,122
462,352
198,505
350,000
225,000
450
500
585,303
894,006
58.51
28.30
-14.56
8.81
-6.96
3.38
1.61
-13.97
-5.54
-9.07
5.55
6.12
7.24
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,500,835
1,297,018
203,817
134,323
69,494
-29,792
39,702
10,571
-10,818
18,314
1,547,112
1,351,587
195,524
111,204
84,321
-17,544
66,777
22,705
-4,923
39,149
3.08
4.21
-4.07
-17.21
21.34
41.11
68.19
114.79
54.49
113.76
0.61
1.20
1.22
4.63
0.52
2.52
2.53
5.45
-15.21
110.37
107.37
17.71
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
110
Code
BRAM01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
275,000
Listing
Date
20-Apr-04
Maturity
Date
19-Apr-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.50%
19-Jan-07
19-Apr-07
19-Jul-07
19-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BRAM01
Trading Volume
(Rp Billion)
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.527
9.720
28-Mar 26-Jun
9.861
9.841
9.527
9.619
9.630
9.841
WA1
76.38
11.41
Volume2
111.1% 16.6%
Turnover3
Modified Duration (Yrs): 6.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.571
27-Sep
9.751
9.553
9.751
16.35
23.8%
9.626
17-Dec
9.770
9.624
9.678
5.67
8.2%
9.713
9.816
31-Mar 20-Jun
9.914
9.816
9.608
9.518
9.813
9.674
58.98 155.06
85.8% 225.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BRAM01
Low
High
9.527
9.861
9.678
TOTAL
% of Total
Turnover
Ratio
(%)
110
0.21
39.93%
110
0.21
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.026
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
76
BRAM01
Q2-2007
11
16
Q3-2007
Q4-2007
Outstanding
6
275
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
90
120
-150
180
210
240
270
300
111
BRNA BERLINA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Raya Pandaan KM 43
Pandaan - 67156
Phone : (0343) 631-901
Fax : (0343) 631-902
Baa3.id
Plastics & Packaging
Lioe Cu Ling
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
37,893
44,393
45,998
187,435
202,438
1,927
408,108
108,738
132,906
241,645
19,223
50,000
34,500
69
500
102,184
147,240
28,878
79,638
41,165
175,649
195,360
1,652
387,273
72,923
137,744
210,667
20,074
50,000
34,500
69
500
112,564
156,532
-23.79
79.39
-10.51
-6.29
-3.50
-14.29
-5.11
-32.94
3.64
-12.82
4.43
10.16
6.31
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
306,652
258,721
47,931
36,737
11,194
-16,862
-5,667
-1,367
-1,147
-5,447
375,941
303,847
72,094
45,216
26,878
-10,228
16,650
3,377
-2,893
10,380
22.60
17.44
50.41
23.08
140.10
39.34
N/A
N/A
-152.14
N/A
1.64
-1.33
-1.78
3.65
1.35
2.68
2.76
7.15
-17.99
N/A
N/A
95.85
BALANCE SHEETS
Established in Pandaan, East Java in 1969 with only one Germanmade Bekum Blow Molding Machine. Later expanded and became a
major manufacturer of rigid plastics containers, with a primary focus on
Cosmetics and Pharmaceuticals Industries. Main customers include
national and multinational corporations such as Unilever, L’Oreal, Kao,
Pfizer, Jordan, and Avon etc.
Started its first business relationship with Unilever in 1971 and later
became the first supplier of Sunsilk bottles. In 1979, produced one
million bottles per month for Sunsilk and Clear Shampoo.
Continued to grow fast, in 1981 expanded to Toothbrush manufacturing,
appointed as the contract manufacturer for Jordan (Norway), Pepsodent
(Unilever), Reach (Johnson and Johnson), and Prodent (Prodenta)
brands.
In 1982, acknowledged as the leader in rigid plastics container, also
being the first Indonesian processor of Co-extruded (multi layers) bottles
used for Pesticides and Herbicides containers. In 1989, became the
first producer of five gallons Polycarbonate Mineral Water bottles in the
country.
To serve the growing number customers in West area better, in 1984, set
up a Plant located in Tangerang, West Java.
The Company was public listed in Jakarta and Surabaya Stock Exchange
in September 1989. Consistent with its commitment to quality and to
announce itself as a real global player, in December 1998 the company
received ISO 9001 Certificate. Today, producing more than 500 product
items per month for various local and export industries.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
112
Code
Series Name
BRNA01B
I Tahun 2004 Seri B
BRNA01C
Syari'ah Ijarah I Tahun
2004
Outstanding
(Rp Million)
32,000
85,000
Listing
Date
16-Dec-04
16-Dec-04
Maturity
Date
15-Dec-09
15-Dec-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 13.75%
15-Mar-07
15-Jun-07
15-Sep-07
15-Dec-07
Baa3.id
Ijarah Fee
Rp2,921,875,000,quarterly
15-Mar-07
15-Jun-07
15-Sep-07
15-Dec-07
Baa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BRNA01B
Trading Volume
(Rp Billion)
3.50
12.5
2.80
10.0
2.10
7.5
1.40
5.0
0.70
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.669
- 09-May
- 10.866
- 10.669
- 10.744
WA1
3.05
Volume2
38.2%
Turnover3
Modified Duration (Yrs): 6.415
-
-
Last
Date
High
Low
Q4
Q3
Q1
-
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BRNA01C
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.517 11.206
14-Mar 21-Jun
10.842 11.298
10.430 10.862
1
10.773 10.882
WA
24.91
2.96
Volume2
117.2% 14.0%
Turnover3
Modified Duration (Yrs): 8.142
Last
Date
High
Low
Q3
Q4
Q1
11.095
25-Sep
11.235
10.597
10.665
8.34
39.2%
10.865
26-Dec
11.028
10.513
10.539
5.84
27.5%
10.901 10.920
21-Feb 15-May
10.901 11.012
10.881 10.920
10.901 10.920
2.26
7.09
10.7% 33.4%
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
BRNA01B
10.669
10.866
10.744
3
0.01
9.54%
6.415
2.
BRNA01C
10.430
11.298
10.539
42
0.08
49.48%
8.142
45
0.09
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BRNA01B - 3
Outstanding
--
32
25
BRNA01C
3
8
6
--
85
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
30
40
50
60
70
80
90
100
113
BSDE BUMI SERPONG DAMAI TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Taman Perkantoran I BSD
Jl. Raya Serpong, Tangerang - 15322
Phone : (021) 537-0161
Fax : (021) 537-0002,537-0003
idBBB
Property & Real Estate
http://www.bsdcity.com
Fangky Indahjani
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bumi Serpong Damai was established in 1984 to develop a township
on approximately 5,950 hectares of land located towards the southwest
of Jakarta. According to Real Estat Indonesia, BSD City will be one
of the largest privately developed townships in terms of the location
permits sanctioned in the Jakarta-Bogor-Depok-Tangerang-Bekasi (the
Jabodetabek) area in Indonesia and it will comprise a mix of residential
and industrial properties and a central business district. BSD City’s focus
is to provide quality living conditions for residents, create a commercial
community and to provide for industry and trade within and around
the confines of a township development. BSD City will be supported
with its social and recreational facilities and adequate infrastructure
and technology, which will support the businesses and the resident
community living within the city.
BSD City is located approximately 25 kms southwest of Jakarta and is
connected to Jakarta and all parts of the Jabodetabek region through a
network of primary (including toll roads and highways) and secondary
roads and railways. BSD City is an integrated township currently
comprising, among other things, 12 residential estates, two sub-town
centers that are equipped with retail and commercial facilities, an
industrial estate and public and social facilities, including schools, parks
and utilities. BSD City has been designed to cater to both local and
foreign customers. BSD City is based on a master plan (the “Master
Plan”) developed by the Company along with several international
consultants. Pursuant to the Master Plan, BSD City is intended to grow
to comprise up to approximately 80 residential estates, seven sub-town
centers and a complete central business district.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
220,715
77,994
1,581,148
50,860
75,052
3,692,196
36,858
2,530,339
1,000,000
984,206
1,968
500
166,875
1,161,858
275,096
55,362
1,376,992
63,360
78,019
3,607,961
27,729
2,339,539
1,000,000
984,206
1,968
500
273,439
1,268,422
24.64
-29.02
-12.91
24.58
3.95
N/A
-2.28
-24.77
-7.54
N/A
63.86
9.17
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,078,828
672,197
406,631
221,010
185,621
-78,995
106,614
23,645
82,969
1,440,718
992,527
448,191
179,897
268,294
-127,528
140,766
34,201
106,564
33.54
47.65
10.22
-18.60
44.54
-61.44
32.03
44.64
N/A
28.44
2.18
2.25
7.69
17.21
1.84
2.95
7.40
18.62
-15.31
31.44
-3.82
8.23
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
114
Code
BSDE01XXBFTW
BSDE02
Series Name
I Tahun 2003
II Tahun 2006
Outstanding
(Rp Million)
250,000
600,000
Listing
Date
13-Oct-03
30-Oct-06
Maturity
Date
10-Oct-08
20-Oct-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 15.675%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB
Fixed: 15.00%
20-Jan-07
20-Apr-07
20-Jul-07
20-Oct-07
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSDE01XXBFTW
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
11.885 11.964
26-Mar 12-Jun
12.438 11.965
11.735 11.516
12.281 11.952
WA1
44.85
71.24
Volume2
71.8% 114.0%
Turnover3
Modified Duration (Yrs): 3.304
Q4
Q1
Q2
11.918 12.063 11.808 11.306
21-Sep 26-Dec 26-Mar 26-Jun
12.038 12.180 12.078 11.306
11.652 11.682 11.661 10.839
11.918 12.135 11.808 10.918
26.33 196.17 100.53
69.45
42.1% 313.9% 160.9% 111.1%
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BSDE02
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
10.118 10.312 10.000
28-Mar 29-Jun 19-Sep
10.454 10.774 10.427
10.081
9.875 10.000
1
10.130
10.118
10.402
WA
216.63 174.09 190.43
Volume2
144.4% 116.1% 127.0%
Turnover3
Modified Duration (Yrs): 4.621
Last
Date
High
Low
Q4
Q1
Q2
10.095
28-Dec
10.462
9.316
10.432
107.89
71.9%
10.183
18-Mar
10.487
9.574
9.574
112.48
75.0%
10.176
24-Jun
10.336
9.511
9.511
83.44
55.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
2.
% of Total
Turnover
Ratio
(%)
339
0.65
135.44%
3.304
689
1.33
114.84%
4.621
TRADING VOLUME
(Billion Rp)
Low
High
BSDE01XXBFTW
11.516
12.438
12.135
BSDE02
9.316
10.774
10.432
1,028
1.98
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
45
BSDE01XXBFTW
71
Outstanding
Q2-2007
26
196
250
--
Q3-2007
217
BSDE02
174
Outstanding
190
108
600
Outstanding
-
70
140
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
210
280
-350
420
490
560
630
700
115
BSEC BHAKTI SECURITIES
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Kebon Sirih 4th Fl.
Jl. Kebon Sirih No. 17-19, Jakarta - 10340
Phone : (021) 392-2000
Fax : (021) 3983-6857
Baa1.id
Securities Company
http://www.bhaktisecurities.com
Fransiska L. Therik
Bank Mega Tbk
PROFILE
FINANCIAL HIGHLIGHT
Bhakti Securities is a securities company, established in Jakarta in
2004. The company is affiliated with Bhakti investama Group and has
conducting its business in capital market in Indonesia since 1989.
Currently, Bhakti Securities’ with complete activities in securities
business, such as:
• Financial Advisory Services
- Restructuring and Merger & Acquisition
- Underwriting,
- Origination & Syndication
• Brokerage and Securities Trading Services
- Equity Instrument (shares, Warrant, Rights, etc)
- Fixed Income Instrument (Bonds, Convertible Bonds, Medium
Term Notes, Government Bonds, etc)
- Other Activities (Repurchase Agreement, Margin Trading etc)
• Research and Business Development Services:
- Securities Research
- Special Project Research
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Company’s headquarter is in Jakarta and supported with office network
widely spread in several big cities in Indonesia. Starting in 2008, PT
Bhakti Securities shall operate as a full service securites company, as
follows:
• Retail investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
portfolio systems reporting, financing of deferred transaction,
margin trading financing, custodian and transfer of portfolio at
zero cost within sub-accounts in PT Bhakti Securities.
- Strive to perform Share Option Contract transactions
and shares of Index Option.
- Provide bond transaction to retail clients.
• Institutional investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
private placement/wholesale transacitons, system monitoring
and reporting.
- Provide portfolio enhancement facility to achieve an optimal
investment return.
As the performance of the Company progresses yearly, PT Bhakti
Securities has received the following awards:
• Top awards as the most active company in equity transaction on
the Surabaya Stock Exchange in 2007.
• Award from Investor magazine as the Best Securities Company
in 2007.
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
33,865
2,157
128,883
27,947
3,548
154,675
-17.47
64.49
20.01
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
65,711
255,653
2,623
272
491,642
135,396
188,640
227,299
3,795
294
608,226
181,069
187.08
-11.09
N/A
44.64
8.00
23.71
33.73
193,651
157
338,710
400,000
100,000
100
1,000
52,932
152,932
-45.09
106,328
37,977 24,031.92
5.40
356,989
N/A
400,000
100,000
100
1,000
185.49
151,115
64.28
251,237
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
45,326
18,349
26,977
2,205
29,182
3,497
25,684
149,592
28,197
121,395
3,733
125,128
26,945
98,183
230.04
53.67
349.99
69.34
328.79
670.42
N/A
282.27
2.21
5.22
56.67
59.52
1.42
16.14
65.63
81.15
-35.84
209.00
15.83
36.35
Recievables from Customers
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
116
Code
BSEC01
Series Name
I Tahun 2008
Outstanding
(Rp Million)
150,000
Listing
Date
30-May-08
Maturity
Date
30-May-11
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
30-Aug-08
30-Nov-08
02-Mar-09
02-Jun-09
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSEC01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.752
N/A
N/A 23-Jun
N/A
9.752
N/A
9.752
N/A
9.752
N/A
76.00
N/A 202.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
117
BSLT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK SULUT (BPD SULAWESI UTARA)
:
:
:
:
:
ADDRESS
Jl. Sam Ratulangi No. 9
Manado - 95111
Phone : (0431) 851-451, 861-761
Fax : (0431) 854-522, 846-515
idBBB
Bank
Felming Harun
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Pembangunan Daerah Sulawesi Utara (Bank Sulut), firstly
established as PT Bank Pembangunan Daerah Sulawesi Utara
Tengah, founded under the act no. 88 Mach 17, 1961, made by Raden
Hadiwidodo, renewed by Raden Kadiman thereafter, under the act no.
22 August 4, 1961.
Based on statement from Indonesia ministry of finance no BUM. 9-3-22
may 18, 1961, the mnister gave the bank permission to PT Bank Sulut,
in Gorontalo.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
18,403
611,399
231,549
8,415,060
2,527
39,321
28,948
1,955,154
1,538,778
10,531
4,209
1,864
1,775,814
300,000
77,366
0.77
100,000
87,641
179,340
Dec-2007
79,774
478,190
66,624
1,132,712
2,642
43,834
27,180
2,249,548
1,847,607
27,443
3,361
5,107
2,072,778
300,000
117,272
1.17
100,000
59,322
176,770
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
340,094
122,928
9,293
146,782
79,676
8,564
88,240
30,030
58,211
329,857
133,004
14,892
159,467
52,278
2,361
54,639
19,443
35,196
-3.01
8.20
60.25
8.64
-34.39
-72.43
-38.08
-35.26
N/A
-39.54
9.90
2.98
17.12
23.43
11.73
1.56
10.67
15.85
18.42
-47.45
-37.66
-32.35
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
333.49
-21.79
-71.23
-86.54
4.55
11.48
-6.11
15.06
20.07
160.60
-20.15
174.00
16.72
N/A
51.58
51.58
-32.31
-1.43
AS OF JUNE 2008
No.
1.
118
Code
BSLT03
Series Name
III Tahun 2005
Outstanding
(Rp Million)
200,000
Listing
Date
13-May-05
Maturity
Date
12-May-10
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
12-Feb-07
12-May-07
12-Aug-07
12-Nov-07
Rating
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSLT03
Trading Volume
(Rp Billion)
350
12.5
280
10.0
210
7.5
140
5.0
70
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.563
8.538
8.590
8.541
8.559
30-Mar 29-Jun 14-Aug 18-Dec 14-Mar
8.750
8.667
8.632
8.570
8.667
8.074
8.477
8.531
8.437
8.505
8.560
8.590
8.532
8.547
8.544
WA1
52.90 340.09
78.73
22.60
73.71
Volume2
157.5% 45.2% 105.8% 680.2% 147.4%
Turnover3
Modified Duration (Yrs): 8.307
Last
Date
High
Low
8.555
17-Apr
8.555
8.555
8.555
1.04
2.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BSLT03
Low
High
8.074
Weighted Avg.
Executed
Yield (%)
8.750
8.544
TOTAL
% of Total
Turnover
Ratio
(%)
494
0.95
247.17%
494
0.95
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.307
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
79
BSLT03
23
Q2-2007
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Q4-2007
53
E X C H A N G E
Outstanding
340
200
Outstanding
Q3-2007
-150
200
250
300
350
400
450
500
119
BTEL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BAKRIE TELECOM TBK
:
:
:
:
:
ADDRESS
Wisma Bakrie, 2nd Fl.
Jl. HR. Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 910-1112
Fax : (021) 910-0080
idATelecommunications
http://www.bakrietelecom.com
Harry Prabowo
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bakrie Telecom Tbk was founded in 1993 as PT Radio Telepon
Indonesia. Ratelindo, the Company’s first product, was an E-TDMA
fixed wireless network, and was launched in 1996. The Company was
renamed Bakrie Telecom in 2003, and launched a new limited mobility
fixed wireless network (FWA - LM) using CDMA 2000 1x technology
under the Esia brand name.
BTEL became a public company in February 2006 when it was listed
on the Jakarta Stock Exchange. At the end of 2006, BTEL received a
license in principal from the Government of Indonesia to expand its fixed
wireless network nationally. In June 2007, a Ministerial Decree from the
Minister for Telecommunications and Information confirmed this license
to offer our products across the whole of the Indonesian archipelago.
Concurrently, BTEL also received permission to offer International Direct
Dialing (IDD) facilities through its network.
By the end of 2007, BTEL was serving 3.82 million subscribers via
a network of 32 Mobile Switching Centers (MSC), 37 Base Station
Controllers (BSC) and 1200 Base Transceiver Stations (BTS). Our
network services were available in 34 cities across the nation.
Looking ahead, BTEL will remain focused on its customers. We will
make every effort to ensure that all Indonesians can enjoy the right to
affordable telecommunications services that enhance the prosperity of
each member of the community.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
239,424
70,766
12,373
527,412
1,554,253
2,217,139
299,516
422,201
721,717
5,211,165
2,456,762
18,816
200 & 100
-991,139
1,495,422
295,663
102,986
18,427
926,983
3,307,202
4,664,164
514,367
2,274,588
2,788,955
5,211,165
2,470,518
18,954
200 & 100
-846,870
1,875,209
23.49
45.53
48.93
75.76
112.78
N/A
110.37
71.73
438.75
286.43
N/A
0.56
0.73
14.56
25.40
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
607,921
469,074
138,847
469,074
138,847
-63,449
75,398
2,718
72,680
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,289,889
112.18
971,600
107.13
318,289
129.24
971,600
107.13
318,289
129.24
-55.40
-98,596
219,693
191.38
75,424 2,675.05
N/A
98.50
144,269
1.49
3.09
11.18
24.68
0.48
3.28
11.96
22.84
208.17
-5.64
-6.45
8.04
AS OF JUNE 2008
No.
1.
120
Code
BTEL01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
650,000
Listing
Date
05-Sep-07
Maturity
Date
04-Sep-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.90%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BTEL01
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.908
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.965
27-Sep
8.995
8.932
8.959
97.68
60.1%
8.884
12-Dec
8.915
8.779
8.890
101.02
62.2%
8.873
17-Mar
8.884
8.854
8.878
28.90
17.8%
8.904
12-Jun
8.906
8.800
8.905
133.65
82.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BTEL01
Low
8.779
High
Weighted Avg.
Executed
Yield (%)
8.995
8.890
TOTAL
% of Total
Turnover
Ratio
(%)
199
0.38
30.57%
199
0.38
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.908
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BTEL01 -
98
Q2-2007
Q3-2007
Q4-2007
Outstanding
101
650
Outstanding
-
70
140
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
210
280
-350
420
490
560
630
700
121
BVIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK VICTORIA INTERNATIONAL TBK
:
:
:
:
:
ADDRESS
Bank Panin Building, Senayan Ground Floor
Jl. Jend. Sudirman No. 1, Jakarta - 10270
Phone : (021) 573-5425
Fax : (021) 573-5429
A1.id
Bank
http://www.victoriabank.co.id
Tamunan Kiting
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Victoria was established in 1992, and has maintained its competition
in the national banking realm. Up to the end of September 2008, Bank
Victoria has a network of 68 branches that are ready to serve custumers
in Jabodetabek (Jakarta, Bogor, Depok, Tangerang and Bekasi) area.
The Bank is currently focusing on retail banking.
The Company was listed in the Jakarta Stock Exchange since 1999, is
active in executing corporate action such as right issus and securities
public offering. In 2007 Bank Victoria issued Corporate Bond II BVIC Rp
200 billion and Subordinated Bond I BVIC Rp 200 biilion. To strengthen
the Equity structure, Bank Victoria obtained the effective notice from
Bapepam and LK in its letter No.S-4114/BL/2008 dated 26 June 2008,
for its public offering, through Preemptive Right Issue IV to stockholders
of Rp 124 billion, with Rp 66,97 billion Warrant Series V.
In August 2007, Bank Victoria acquired 99.80 % of Bank Swaguna share.
Bank Swaguna has a head office in Jakarta and branches in Bekasi,
Cirebon, Bandung, Tegal and Denpasar. Bank Swaguna is planned to be
converted to Bank Syariah.
In June 2008, Bank Victoria managed to attain Assets of Rp 5,66 trillion,
Loans were Rp 2,27 trillion, Deposits were recorded at Rp 4,19 trillion and
Net income of Rp 24.54 bliion as at 30 June, 2008. Some achievements
in Financial ratios are indicated by :
• NIM 2.64%
• CAR 17.25%
• ROA 1.24%ROE 12.79%
• LDR increased to 53.60%
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Ban
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
12,698
198,000
1,326,265
1,088,691
43,067
9,091
2,897,471
2,539,754
8,845
9,429
2,589,620
517,800
201,116
2,011
100
93,621
307,851
Dec-2007
14,981
197,395
2,477,204
1,953,183
61
124,566
10,443
5,268,995
4,427,422
5,736
19,053
4,865,424
9
517,800
233,500
2,335
100
143,175
403,562
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
275,841
224,628
20,564
31,150
40,091
-1,525
38,566
8,515
30,051
352,275
272,191
43,465
65,518
58,032
-55
57,976
8,422
-0.2
49,554
27.71
21.17
111.37
110.33
44.75
96.37
50.33
-1.09
N/A
64.90
8.41
1.04
10.89
14.53
12.06
0.94
14.07
16.47
43.32
-9.32
29.12
13.34
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
17.98
-0.31
86.78
79.41
N/A
189.24
14.87
81.85
74.32
-35.14
N/A
102.06
87.88
N/A
16.10
16.10
52.93
31.09
AS OF JUNE 2008
No.
1.
2.
122
Code
BVIC02A
BVIC02B
Series Name
II Tahun 2007
Subordinasi I Tahun 2007
Outstanding
(Rp Million)
200,000
200,000
Listing
Date
22-Mar-07
22-Mar-07
Maturity
Date
21-Mar-12
21-Mar-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
10 Years
Rating
Fixed: 12.00%
21-Jun-07
21-Sep-07
21-Dec-07
21-Mar-08
A1.id
Year 1-5: 12.50%; Year 610: 21.50%
21-Jun-07
21-Sep-07
21-Dec-07
21-Mar-08
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BVIC02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
10.370 10.616
23-Mar 25-Jun
10.383 10.616
10.370 10.367
1
10.370 10.499
WA
40.00
58.94
Volume2
80.0% 117.9%
Turnover3
Modified Duration (Yrs): 3.442
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.251
24-Sep
11.765
10.251
10.399
39.96
79.9%
10.451
13-Dec
10.451
10.332
10.332
11.04
22.1%
10.285
27-Mar
10.358
9.651
9.651
22.48
45.0%
10.413
23-Jun
10.499
9.794
10.244
37.89
75.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BVIC02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
10.596 10.850
23-Mar 28-Jun
10.596 10.968
10.596 10.771
10.596 10.771
WA1
2.03
3.20
Volume2
4.1%
6.4%
Turnover3
Modified Duration (Yrs): 2.284
Last
Date
High
Low
Q3
Q4
Q1
10.953
24-Sep
10.953
10.837
10.837
1.99
4.0%
10.724
19-Dec
10.724
10.724
10.724
45.00
90.0%
10.724 10.895
26-Mar 27-May
10.724 10.895
10.702 10.819
10.724 10.895
20.01
6.00
40.0% 12.0%
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BVIC02A
2.
BVIC02B
Low
High
10.251
11.765
10.332
10.596
10.968
10.724
% of Total
Turnover
Ratio
(%)
150
0.29
74.97%
3.442
52
0.10
26.11%
2.284
202
0.39
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BVIC02A
Q2-2007
40
59
20
40
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
11
200
--
200
--
45
Outstanding
-
Q4-2007
40
Outstanding
BVIC02B 2 3 2
Q3-2007
S T O C K
E X C H A N G E
80
100
120
140
160
180
200
220
123
CFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CLIPAN FINANCE INDONESIA TBK
:
:
:
:
:
ADDRESS
Wisama Slipi 8th Fl.
Jl. S. Parman Kav. 12, Jakarta
Phone : (021) 530-8005
Fax : (021) 530-8026, 530-8027
A2.id
Financial Institution
Dwijanto
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Clipan Finance Indonesia Tbk (CFIN) was originally established
in 1982 under the name of PT Clipan Leasing Corporation with Credit
Lyonais, Paris as a major shareholder holding 40% ownership in the
company. After several times ownership structure changes through IPO
in 1990 and 3 right issues in 1997, 1999, and 2000 respectively. The
Company’s shareholders structure consisted of Panin Bank (PNBN)
holding 44.79% ownership and the Public (55.21%). The Company’s
name was also changed to PT Clipan Finance Indonesia Tbk. in March
1997. The Company has also changed its management structure
19 times during FY82-03, which as to date ended up with Mr. Mu’min
Ali Gunawan, the founder of Panin Group, becoming the President of
Commissioner and Ms. Gita P. K Darmawan, who has been working
for the Company for over 12 years, becoming the President Director of
the Company. Currently, the Company focuses on consumer financing,
though still maintained its good customers in leasing business. As to
date, The Company has one head office in Jakarta , three branches in
Denpasar, Bandung and Medan and two marketing offices in Kelapa
Gading and Fatmawati
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
22,211
2,368
25,673
6,027
15.59
154.54
281,306
376,588
33.87
1,285
11,467
387
778,942
83,975
7,278
329,467
4,160
1,040,000
260,554
1,042
250
188,799
449,474
3,866
10,774
413
1,674,394
380,574
4,056
612,505
4,160
1,040,000
650,825
2,603
250
263,512
1,061,889
200.88
-6.05
6.85
114.96
353.20
-44.27
85.91
149.79
149.79
39.57
136.25
154,000
84,728
69,272
69,272
218,198
123,950
94,247
41.69
46.29
-100.00
36.05
19,071
50,200
19,534
74,714
2.42
48.83
0.73
6.44
32.60
44.98
0.58
4.46
34.24
43.19
-21.31
-30.76
5.04
-3.98
AS OF JUNE 2008
No.
1.
124
Code
CFIN01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
150,000
Listing
Date
20-Nov-03
Maturity
Date
19-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
19-Feb-07
19-May-07
19-Aug-07
19-Nov-07
Rating
A2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CFIN01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
-
10.522
26-Feb
10.522
10.522
10.522
WA1
17.49
Volume2
46.7%
Turnover3
Modified Duration (Yrs): 1.986
Last
Date
High
Low
Q1-Q2 2008
Q4
9.330
13-Sep
9.879
9.330
9.598
137.44
366.5%
-
Q1
10.467
15-Nov
10.467
10.467
10.467
17.60
46.9%
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
CFIN01XXBFTW
Low
High
9.330
Weighted Avg.
Executed
Yield (%)
% of Total
173
0.33
115.02%
173
0.33
(Billion Rp)
10.467
10.522
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
1.986
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CFIN01XXBFTW
17
Q2-2007
-
Q4-2007
Outstanding
137
18
150
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
60
-80
100
120
140
160
180
200
125
CLPK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CILIANDRA PERKASA
:
:
:
:
:
ADDRESS
Wisma 77, 7th Fl.
Jl. Letjend. S. Parman Kav. 77, Slipi, Jakarta - 11410
Phone : (021) 5367-0888
Fax : (021) 5367-1888
idAPlantation
http://www.ciliandraperkasa.co.id
Atan Masri
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Ciliandra Perkasa is the principal subsidiary of First Resources
Ltd, which is listed on the mainboard of the Singapore Exchange. PT
Ciliandra Perkasa’s main businesses activities are in cultivating and
harvesting oil palms, and processing the fruits into crude palm oil and
palm kernel for local and export sales. As of 30 June 2008, we manage
more than 91,400 hectares of planted oil palm plantations and operate 7
palm oil mills in the Riau province of Sumatra, Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
34,703
17,750
75,341
852,587
636,009
2,706,519
203,722
1,578,643
1,782,364
242,232
500,000
450,000
450
1,000
124,807
681,692
707,156 1,937.75
85.72
32,965
142,081
88.58
1,077,086
26.33
1,065,470
67.52
N/A
3,747,579
38.46
394,740
93.76
2,081,669
31.86
2,476,409
38.94
372,204
53.66
500,000
450,000
450
1,000
457,490
266.56
898,757
31.84
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
857,133
537,644
319,489
38,584
280,905
-94,843
186,063
56,285
-45,965
84,438
1,516,187
648,282
867,905
88,725
779,180
-116,030
663,150
200,125
-130,704
332,683
76.89
20.58
171.65
129.95
177.38
-22.34
256.41
255.56
-184.36
294.00
2.61
3.12
9.85
32.77
2.76
8.88
21.94
51.39
5.38
184.55
122.73
56.81
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
126
Code
CLPK02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
500,000
Listing
Date
28-Nov-07
Maturity
Date
27-Nov-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11,50%
27-Feb-08
27-May-08
27-Aug-08
27-Nov-08
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CLPK02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
10.0
120
8.0
90
6.0
60
4.0
30
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.879
Last
Date
High
Low
Q1-Q2 2008
Q4
Q3
N/A
8.457
N/A 29-Dec
N/A
8.484
N/A
8.422
N/A
8.471
N/A 138.05
N/A 110.4%
Q1
Q2
8.452
13-Feb
8.501
8.119
8.119
121.94
97.6%
8.881
04-Jun
8.881
8.393
8.844
93.80
75.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
CLPK02
Low
High
8.422
% of Total
138
0.27
27.61%
138
0.27
(Billion Rp)
8.471
8.484
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.879
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CLPK02 -
Q2-2007
Q3-2007
Q4-2007
Outstanding
138
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
127
CMNP CITRA MARGA NUSAPHALA PERSADA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Citra Marga Building, Jl.Angkasa No.20 Kemayoran
Jakarta - 10610
Phone : (021) 4288-5282
Fax : (021) 4288-5281
A1.id
Tollroad, Airport, Harbor & Allied Product
http://www.cmnp.co.id
Hudaya Arryanto
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Citra Marga Nusaphala (CMNP) was established in 1987 as the
first private toll road construction and operating company in Indonesia.
CMNP obtained Indonesia’s toll road concession based on the Toll Road
Implementation Authority Agreement (hereinafter referred to as the
“Agreement”) with PT Jasa Marga, a state-owned toll road operating
company. CMNP was listed on the Jakarta Stock Exchange in 1995, and
39.6% of its shares were held by public-sector entities as of December
31, 2000. Other major shareholders are three state-owned companies,
including PT Jasa Marga, with a combined share of 32.6%. A foundation
Yayasan Purna Bhakti Pertiwi headed by the current President holds
11.0% and the company associated with the eldest daughter of former
President Suharto holds 2.4%.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
133,410
2,893
145,559
1,721,029
21,118
1,967,088
196,180
446,228
642,407
41,354
3,600,000
1,000,000
2,000
500
256,994
1,283,327
151,659
1,093
160,706
2,434,691
21,200
2,720,480
163,380
1,131,943
1,295,323
64,176
3,600,000
1,000,000
2,000
500
337,411
1,360,981
13.68
-62.23
N/A
10.41
41.47
0.39
38.30
-16.72
153.67
101.64
55.19
31.29
6.05
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
474,782
265,255
209,527
265,255
209,527
-36,972
171,424
49,413
-489
121,522
496,211
281,226
214,984
281,226
214,984
-39,820
175,220
54,896
273
120,598
4.51
6.02
2.60
6.02
2.60
-7.70
2.21
11.10
N/A
-0.76
0.50
6.18
25.60
44.13
0.95
4.43
24.30
43.33
90.13
-28.24
-5.05
-1.83
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
128
Code
CMNP03B
CMNP03C
Series Name
III Tahun 2005 Seri B
III Tahun 2005 Seri C
Outstanding
(Rp Million)
100,000
100,000
Listing
Date
09-Jun-05
09-Jun-05
Maturity
Date
08-Jun-09
08-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
4 Years
5 Years
Rating
Fixed: 12.75%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
A1.id
Fixed: 13.00%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CMNP03B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Q2
Q1
Q3
-
9.677
26-Jun
9.679
9.413
9.413
WA1
9.13
Volume2
36.5%
Turnover3
Modified Duration (Yrs): 5.276
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
Q2
9.360
9.542
9.643
16-Nov 11-Mar 13-Jun
9.360
9.543
9.659
9.360
9.432
9.591
9.360
9.543
9.645
3.12
51.11
28.08
12.5% 204.4% 112.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
CMNP03C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
9.733
9.419
27-Mar 11-Apr
9.740
9.419
9.733
9.419
1
9.740
9.419
WA
6.99
2.12
Volume2
28.0%
8.5%
Turnover3
Modified Duration (Yrs): 8.446
Last
Date
High
Low
Q3
Q4
9.807
24-Aug
9.807
9.746
9.807
18.06
72.2%
9.740
27-Dec
9.744
9.714
9.725
12.01
48.0%
Q1
Q2
-
9.968
- 27-May
9.968
9.770
9.941
6.90
27.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
CMNP03B
9.360
9.679
9.360
12
0.02
12.24%
5.276
2.
CMNP03C
9.419
9.807
9.725
39
0.08
39.18%
8.446
51
0.10
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CMNP03B -
9
Q2-2007
7
2
18
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
S T O C K
100
--
100
--
12
Outstanding
-
Q4-2007
- 3
Outstanding
CMNP03C
Q3-2007
E X C H A N G E
40
50
60
70
80
90
100
110
129
CPIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CHAROEN POKPHAND INDONESIA TBK
:
:
:
:
:
ADDRESS
Jl. Ancol VIII/1
Jakarta Utara - 14430
Phone : (021) 681-2501 (H)
Fax : (021) 690-7324
idBBB+
Animal Feed
http://www.cp.co.id
Hadijanto Kartika
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Charoen Pokphan Indonesia (CPIN) was founded on January 7,
1972. The Company’s product such as animal feeding, producing day
old chicken (DOC) for Indonesian Market. The Company was going
public (initial public offering) on January 2001.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
136,890
484,798
880,846
1,792,215
917,402
74,467
2,902,419
1,163,808
960,478
2,124,286
400,000
140,767
1,408
100
536,338
778,133
132,685
753,469
1,585,415
3,099,170
1,402,267
94,953
4,760,491
2,517,430
1,165,066
3,682,496
11,664
400,000
164,228
3,285
50
659,379
1,066,331
-3.07
55.42
79.99
72.92
52.85
27.51
64.02
116.31
21.30
73.35
N/A
16.67
133.33
-50.00
22.94
37.04
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,385,579
5,407,109
978,470
639,870
338,600
-69,608
268,992
107,828
157,057
8,679,504
7,477,099
1,202,405
722,658
479,747
-189,149
290,598
98,107
-4,105
185,448
35.92
38.28
22.89
12.94
41.69
-171.73
8.03
-9.02
N/A
18.08
2.73
5.41
2.46
5.30
3.45
3.90
2.14
5.53
26.50
-28.01
-13.13
4.24
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
130
Code
CPIN01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
500,000
Listing
Date
07-Jul-03
Maturity
Date
02-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CPIN01XXBFTW
Trading Volume
(Rp Billion)
350
15.0
280
12.0
210
9.0
140
6.0
70
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
13.522 13.228 12.870 13.612 13.195
30-Mar 28-Jun 14-Sep 28-Dec 28-Mar
13.931 13.593 13.426 14.004 13.497
13.148 12.938 12.756 13.021 13.039
13.855 13.235 12.933 13.646 13.197
WA1
267.90 297.91 270.18 143.61 210.17
Volume2
214.3% 238.3% 216.1% 114.9% 168.1%
Turnover3
Modified Duration (Yrs): 2.086
Last
Date
High
Low
3.340
26-Jun
5.166
2.187
5.166
98.47
78.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
CPIN01XXBFTW
Low
High
12.756
14.004
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
980
1.89
195.92%
980
1.89
TRADING VOLUME
(Billion Rp)
13.646
TOTAL
Modified
Duration (Yrs)
End of Year
2.086
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
268
CPIN01XXBFTW
500
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Q4-2007
298
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
Outstanding
270
144
-300
400
500
600
700
800
900
1,000
131
DNRK DANAREKSA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
PROFILE
PT Danareksa (Persero) was founded back in 1976 as a state-owned
investment bank. Over the years Danareksa has played an increasingly
important role in developing the capital markets to become one of the
country’s leading players in the industry. Danareksa is engaged in a
number of businesses including securities brokerage and services,
asset management, treasury services, investment banking and multi
finance. As a holding company, Danareksa has four subsidiaries. They
are PT Danareksa Sekuritas, PT Danareksa Investment Management,
PT Danareksa Finance and PT Danareksa Futures.
Over the years Danareksa has underwritten more equity and debt
placements than any other investment bank and securities house in
Indonesia. All in all, Danareksa has helped companies and institutions
to raise more than Rp140 trillion of capital in total. Moreover, Danareksa
has pioneered the development of mutual funds, promoting syari’ahbased investments in addition to launching a US dollar denominated
fixed income fund. In addition, Danareksa was also the first to advise on
the government’s privatization program.
Aided by Danareksa’s independent research unit called Danareksa
Research Institute, Danareksa has been able to offer valuable insights
into the health of the economy. Of particular note are the periodic surveys
on consumer confidence and business sentiment. This research is well
regarded by the market and regular users of the research include the
Ministry of Finance and a number of major corporations.
Danareksa had over Rp 3 trillion in total assets as of December 2007.
The company is presently supported by a presence in 8 large cities
in Indonesia and more than 20 branches. Looking ahead, one of the
company’s goals is to continue strengthening its service network and
points of contact so that more individuals and institutions can enjoy its
products and services.
Danareksa’s chief competencies are centred on its human assets, capital
and reputation. There is no doubt that the company could not have
achieved its prominent position in the industry without the efforts of the
talented and dedicated professionals at every level of the organization.
Yet despite the efforts of its employees, the real measure of success is
ultimately the trust placed in Danareksa by its clients.
132
ADDRESS
Danareksa Building
Jl. Medan Merdeka Selatan No. 14, Jakarta - 10110
Phone : (021) 350-9777, 350-9888
Fax : (021) 350-0989, 350-1712
idA
Others Finance
http://www.danareksa.com
Frans N. Sukardi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Recievables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
767,638
1,020,002
137,628
26,423
2,158,365
44,983
1,487,210
1
3
701,480
1
1
-232,316
671,153
631,500
1,531,081
133,167
48,295
3,300,648
61,819
2,572,195
2
3
701,480
1
1
-176,119
728,451
-17.73
50.11
N/A
N/A
-3.24
82.78
52.92
N/A
37.43
72.95
15.34
24.19
8.54
334,427
224,322
110,106
20,216
130,321
31,882
-0.2
98,439
505,849
335,469
170,380
-62,413
107,967
51,769
-0.2
56,197
51.26
49.55
54.74
N/A
-17.15
62.38
-21.43
-42.91
2.22
4.56
29.44
32.92
3.53
1.70
11.11
33.68
59.35
-62.67
-62.26
2.30
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income
Earning Before Tax
Net Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
II Tahun 2007
DNRK02
DNRK03A
2.
3.
4.
500,000
III Tahun 2008 Seri A
DNRK03B
120,000
III Tahun 2008 Seri B
DNRK03C
Listing
Date
Outstanding
(Rp Million)
130,000
III Tahun 2008 Seri C
250,000
26-Sep-07
23-Jun-08
23-Jun-08
23-Jun-08
Maturity
Date
25-Sep-12
20-Jun-10
20-Jun-11
20-Jun-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
2 Years
3 Years
5 Years
Rating
Fixed: 10.875%
25-Dec-07
25-Mar-08
25-Jun-08
25-Sep-08
idA
Fixed: 12.50%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
Fixed: 13.00%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
Fixed: 13.50%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
TRADING HIGHLIGHT
DNRK02
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 4.329
-
Last
Date
High
Low
-
Q4
Q1
Q2
10.009
14-Dec
10.009
9.942
9.942
3.01
2.4%
9.785
05-Mar
9.899
9.785
9.785
19.30
15.4%
9.645
12-Jun
9.645
9.645
9.645
2.11
1.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
DNRK03A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
10.724
24-Jun
10.724
10.724
10.724
4.00
13.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
133
DNRK03B
No Transaction in Q2 2008
DNRK03C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
0.50
12.5
0.40
10.0
0.30
7.5
0.20
5.0
0.10
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
11.405
24-Jun
11.405
11.405
11.405
0.15
0.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
DNRK02
Low
High
9.942
10.009
% of Total
Turnover
Ratio
(%)
3.0
0.006
0.60%
3.0
0.006
TRADING VOLUME
(Billion Rp)
9.942
TOTAL
Modified
Duration (Yrs)
End of Year
4.329
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
DNRK02 - 3
500
Outstanding
-
134
50
100
150
200
250
-300
350
400
450
500
550
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
135
DUTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
DUTA PERTIWI TBK
:
:
:
:
:
ADDRESS
ITC Mangga Dua 7th & 8th Fl.
Jl. Mangga Dua Raya, Jakarta - 14430
Phone : (021) 601-9788
Fax : (021) 601-8555, 601-7039
idBBB
Property & Real Estate
http://www.simasred.com
Feniyati Tenggara
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Initially PT Duta Pertiwi Tbk (DUTI) was set up as contractor and since
1987 began its involvement in property development as developer and
property owner. Numbers of prestigious projects with various development
i.e. housing, commercial superblock, office building, apartment and hotel
has been successfully developed by the company and its subsidiaries as
well as its associate companies.
Although most projects developed are located in Jakarta, DUTI has
started to develop projects in Jabodetabek, and even in other some big
cities of Indonesia such as Balikpapan and Surabaya. Projects developed
are strategically and well located either in the CBD area or within the
outer ring road with easy or direct access to the highway road.
Some of prestigious projects developed are: Mangga Dua Superblock,
Roxy Mas Superblock, Cempaka Mas Superblock, Ambasador Kuningan
Superblock, Fatmawati Mas Superblock, Mangga Dua Surabaya Superblock, Permata Hijau Superblock, ITC Depok, ITC Surabaya, Taman
Duta Mas, Banjar Wijaya, Taman Permata Buana, Kota Bunga, Legenda
Wisata, Kota Wisata and Grand Wisata. As well as hotel Le Grandeur
Mangga Dua in Jakarta and Le Grandeur Balikpapan in East Kalimantan
and Plaza BII office building.
DUTI was listed in stock exchange since November 1994.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
289,218
65,235
1,332,052
489,268
186,507
250
4,518,811
21,757
2,441,388
426,151
1,000,000
693,750
1,388
500
815,471
1,651,273
487,264
41,937
1,115,924
457,580
241,725
250
4,513,454
11,723
2,341,874
459,929
1,000,000
693,750
1,388
500
874,410
1,711,652
68.48
-35.71
-16.23
-6.48
29.61
-0.12
-46.12
-4.08
7.93
7.23
3.66
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,101,411
570,483
530,928
421,026
109,901
36,248
137,969
25,656
-39,370
72,943
1,274,546
675,460
599,086
449,208
149,877
-13,012
131,761
32,281
-40,542
58,938
15.72
18.40
12.84
6.69
36.37
N/A
-4.50
25.83
-2.98
-19.20
1.48
1.61
6.62
9.98
1.37
1.31
4.62
11.76
-7.46
-19.10
-30.18
17.85
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
136
Code
Series Name
DUTI04XXBFTW
Amortisasi IV Tahun
2003
DUTI05
V Tahun 2007
Outstanding
(Rp Million)
300,000
500,000
Listing
Date
17-Jul-03
12-Jul-07
Maturity
Date
10-Jul-08
11-Jul-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 15.675%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB
Fixed: 12.85%
11-Oct-07
11-Jan-08
11-Apr-08
11-Jul-08
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
DUTI04XXBFTW
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
12.177 11.956 11.928
27-Mar 25-Jun 18-Sep
12.211 12.983 11.932
11.784 11.606 11.539
12.012 11.958 11.616
WA1
67.16
97.16 119.54
Volume2
89.5% 129.6% 159.4%
Turnover3
Modified Duration (Yrs): 4.143
Last
Date
High
Low
Q4
Q1
Q2
11.787
19-Dec
12.066
11.703
12.044
27.69
36.9%
11.431
28-Mar
11.441
11.075
11.426
27.55
36.7%
3.496
19-Jun
3.496
3.241
3.496
11.69
15.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
DUTI05
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
Q4
N/A
N/A 10.321 10.483
N/A 28-Sep 28-Dec
N/A
N/A
N/A 10.364 10.499
N/A
N/A 10.206 10.321
1
N/A
10.279 10.368
N/A
WA
N/A
N/A 228.68 181.11
Volume2
N/A
N/A 182.9% 144.9%
Turnover3
Modified Duration (Yrs): 3.871
Last
Date
High
Low
Q1
Q2
10.358
17-Jan
10.475
10.343
10.460
43.01
34.4%
10.468
30-Jun
10.468
9.928
10.321
100.95
80.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
2.
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
312
0.60
103.85%
4.143
410
0.79
81.96%
3.871
TRADING VOLUME
(Billion Rp)
Low
High
DUTI04XXBFTW
11.539
12.983
12.044
DUTI05
10.206
10.499
10.368
721
1.39
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
DUTI04XXBFTW
Q2-2007
67
Q3-2007
97
Outstanding
120
--
229
181
--
500
Outstanding
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
28
300
DUTI05 -
Q4-2007
S T O C K
E X C H A N G E
150
200
250
300
350
400
450
500
550
137
ELTY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BAKRIELAND DEVELOPMENT TBK
:
:
:
:
:
ADDRESS
Wisma Bakrie I, 6th & 7th Fl.
Jl. HR Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 525-7835
Fax : (021) 522-5063
idBBB+
Property & Real Estate
http://www.bakrieland.com
Nuzirman Nurdin
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bakrieland Development Tbk is an integrated property developer and
publicly-listed company at BEI (code: ELTY). Bakrieland develops city
property, landed residential, world-class hotel & resort and also engaged
in Infrastructure and property-related business.
We are the first and the largest superblock developer in Jakarta’s central
business district area. Among major City Property projects of Bakrieland
are:
• Rasuna Epicentrum, the first and largest superblock in CBD area,
on a location of 53.5 ha
• Wisma Bakrie 1
• Wisma Bakrie 2
Unit Landed Residential covers:
• Bogor Nirwana Residence, Bogor
• Ijen Nirwana Residence, Malang
• Batam Nirwana Residence, Batam
Unit Hotel & Resort include:
• Legian Nirwana Suites, Bali
• Ubud Nirwana Villas, Bali
• Bali Nirwana Resort, Bali
• Balikpapan Nirwana Suites & Residences, Balikpapan
• Krakatoa Nirwana Resort, Lampung
We have posted a very strong financial performance over the years.
Among the publicly-listed property companies in Indonesia, Bakrieland
is one of the largest market capitalization. With the company’s healthy
financial position, diversified property portfolio and huge land bank, we
will continue to accelerate our growth and strengthen project development
in the years to come.
A number of awards that have been received by Bakrieland;
• Developer of the Year (Property & Bank Awards 2008)
• The Best Listed Company in Property & Real estate (Bisnis
Indonesia Awards 2008)
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
32,637
177,023
1,323,985
62,042
637,822
27,993
2,395,677
138,685
1,036,383
40,464
2,800,000
1,120,000
5,600
500 & 100
-15,283
1,318,830
1,042,876 3,095.37
201.34
533,447
1,601,916
20.99
146,346
135.88
701,186
9.93
138,547
394.93
5,708,016
138.26
220,022
58.65
1,508,297
45.53
66,888
65.30
2,800,000
2,522,189
125.20
19,622
250.39
500 & 100
47,472
N/A
4,132,832
213.37
Change %
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
393,232
226,043
167,189
94,988
72,201
7,145
79,346
8,978
-2,760
67,609
782,106
98.89
103.93
460,963
92.08
321,142
58.58
150,634
136.16
170,508
802.49
64,487
234,995
196.16
110,142 1,126.78
-4,209
-52.52
134,185
98.47
FINANCIAL RATIOS
0.79
2.82
17.19
18.36
DER (X)
ROA (%)
NPM (%)
OPM (%)
0.36
2.35
17.16
21.80
-53.56
-16.70
-0.21
18.74
AS OF JUNE 2008
No.
1.
2.
138
Code
ELTY01A
ELTY01B
Series Name
Tahun 2008 Seri A
Tahun 2008 Seri B
Outstanding
(Rp Million)
220,000
280,000
Listing
Date
12-Mar-08
12-Mar-08
Maturity
Date
11-Mar-11
11-Mar-13
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 Years
Rating
Fixed: 11.90%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idBBB+
Fixed: 12.85%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ELTY01A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.357
9.441
24-Mar 16-Jun
9.368
9.765
9.357
9.349
9.367
9.551
24.50
83.12
44.5% 151.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ELTY01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.886
18-Mar
9.886
9.873
9.880
2.00
2.9%
9.832
10-Apr
9.834
9.832
9.832
20.40
29.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
139
EXCL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
EXCELCOMINDO PRATAMA TBK
:
:
:
:
:
ADDRESS
Grha XL, Jl. Mega Kuningan Lot. E 4-7 No. 1
Jakarta - 12950
Phone : (021) 576-1881
Fax : (021) 576-1880
idAATelecommunications
http://www.xl.co.id
Ike Andriani
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
Excelcomindo Pratama, Tbk. (“XL”) was established on October 6th
1989 under the name of PT Grahametropolitan Lestari concentrating on
trading and general services.
In 1995, along with cooperation with the Rajawali Group, PT Grahametropolitan Lestari changed its name to PT Excelcomindo Pratama and
changed its main business to basic telephony service.
In 1996, XL got its license on GSM service operation and began to
operate commercially focusing at Jakarta, Bandung and Surabaya and
further has been expanded its network and service to cover throughout
Indonesia. XL launched its 3G service in September 2006.
Listed on the Indonesia Stock Exchange (previously known as the
Jakarta Stock Exchange) since 2005, XL is majority held by TM
International Berhad through Indocel Holding Sdn Bhd and Emirates
Telecommunications Corporation (Etisalat) through Etisalat International
Indonesia Ltd.
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
37.23
49.25
66.66
41.90
51.12
22.28
48.99
215.05
16.13
71.89
N/A
20.85
4.29
587,176
805,769
208,072
310,554
35,377
58,960
1,183,404 1,679,309
10,462,010 15,810,223
991,162 1,212,012
12,636,576 18,827,267
2,342,362 7,379,536
6,013,019 6,982,925
8,355,381 14,362,461
2,265,000 2,265,000
709,000
709,000
7,090
7,090
100
100
880,510 1,064,122
4,281,194 4,464,806
4,681,675 6,459,770
37.98
3,653,813 4,699,988
28.63
1,027,861 1,759,782
71.21
3,653,813 4,699,988
28.63
1,027,861 1,759,782
71.21
-25,439 -1,241,751 -4,781.28
1,002,422
518,031
-48.32
-23.76
350,539
267,251
N/A
-61.53
651,883
250,780
1.95
5.16
13.92
21.95
3.22
1.33
3.88
27.24
64.83
-74.18
-72.12
24.08
AS OF JUNE 2008
No.
1.
140
Code
EXCL02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
1,500,000
Listing
Date
27-Apr-07
Maturity
Date
26-Apr-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.35%
26-Jul-07
26-Oct-07
26-Jan-08
26-Apr-08
Rating
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
EXCL02
Trading Volume
(Rp Billion)
1,250
12.5
1,000
10.0
750
7.5
500
5.0
250
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
N/A
7.473
7.898
N/A 25-Jun 27-Sep
N/A
7.924
7.924
N/A
7.864
7.428
N/A
7.896
7.886
WA1
N/A 1138.59 555.40
Volume2
N/A 303.6% 148.1%
Turnover3
Modified Duration (Yrs): 7.069
Last
Date
High
Low
Q4
Q1
Q2
7.895
27-Dec
8.028
7.885
7.903
277.61
74.0%
7.788
27-Mar
7.956
7.788
7.788
152.83
40.8%
7.940
25-Jun
7.942
7.691
7.941
50.51
13.5%
1
0
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
EXCL02
Low
High
7.428
7.903
8.028
TOTAL
% of Total
Turnover
Ratio
(%)
1,972
3.80
131.44%
1,972
3.80
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
7.069
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
EXCL02 -
Q2-2007
Q3-2007
Q4-2007
1,139
Outstanding
555
1,500
Outstanding
-
200
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
600
800
278
--
1,000
1,200
1,400
1,600
1,800
2,000
141
FIFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
FEDERAL INTERNATIONAL FINANCE
:
:
:
:
:
idAAFinancial Institution
http://www.fifkredit.com
Arie Susanty
Bank Mandiri (Persero) Tbk
PROFILE
PT Federal International Finance (FIF) domiciles in Jakarta, was founded
in 1989 under the name of PT Mitrapusaka Artha Finance based on
corporation Act No I, dated May 1, 1989, and have been altered based
on the changing of corporation Act No 40, dated June 26, 1989.
FIF obtained business license in the field of consumer financing from
Minister of Finance of Indonesia Republic based on Minister of Finance’s
Decree No 1151/KMK.013/1989 dated October 17, 1989, and obtained
additional license No: 1004/KMK.013/1990 dated August 30, 1990 for
leasing and factoring.
With the vision to offer the best financial solution to retail customer, FIF
focus es to do financing services in several products :
1. New Honda motorcycle financing
2. Used motorcycle financing
3. Multi-Product financing
As one of the biggest retail consumer financing company, as of December
31, 2007 FIF has a strong network consisting of 109 branch offices and
276 Point of Services (POS) in 33 provinces.
Subsequently to enrich the performance, numerous breakthrough has
been accomplished in 2007 and the results have provoked positive
achievement for the company. FIF has been able to boost its collectability and operational efficiency. It was demonstrated by the decrease of
total loss from Rp. 1,227.8 billion to Rp. 982.6 billion and the significant
increase of net profit from Rp. 341 billion to Rp. 410 billion in 2007. Also
the increment of ROE from 20% in 2006 to 21% in 2007.
As the subsidiary of Astra, to ensure the Environment, Health and Work
Safety within the company, FIF referred to the Astra Green Company
(AGC) Throughout 2007, based on the AGC guidelines, 5 of FIF
branches were awarded gold status from Audit Joint Certification PT
Astra International, Tbk and AFAQ.
To support Corporate Social Responsibilities activities, FIF reffered to a
standardized tool named Astra Friendly Company (AFC). FIF has alloted
an adequate amount of budget for social responsibilities activities,
such as: scholarships, school and libraries renovation, environmental
welfare, hygienic facilities, road improvements, and natural disaster
reinforcement.
142
ADDRESS
AMDI-B Building
Jl. Gaya Motor Raya No. 8 Sunter II, Jakarta - 14330
Phone : (021) 6530-0627, 6530-0628
Fax : (021) 653-00707
FINANCIAL HIGHLIGHT
Million Rp except Par Value
Dec-2006
Dec-2007
471,958
Cash & Cash Equivalents
332,591
Other Recievables
Consumer Financing
9,149,909
Receivables
Prepaid Expenses and
44,047
Taxes
Fixed Assets
123,485
Other Assets
21,679
Total Assets
10,488,285
Fund Borrowings
6,580,898
Taxes Payable
43,978
Total Liabilities
8,819,507
300
Authorized Capital (Shares
Authorized Capital
300,000
Paid up Capital
280,000
Paid up Capital (Shares)
280
Par Value
1,000
Retained Earnings
1,388,778
Total Equity
1,668,778
308,351
289,438
-34.67
-12.97
7,792,739
-14.83
58,555
140,741
23,270
9,059,098
4,946,253
162,770
7,127,963
300
300,000
280,000
280
1,000
1,651,135
1,931,135
32.94
13.97
7.34
-13.63
-24.84
270.12
-19.18
18.89
15.72
4,442,601
3,965,344
477,257
4,298,230
3,690,320
607,910
-3.25
-6.94
N/A
27.38
136,360
340,897
197,734
410,176
45.01
20.32
5.29
3.25
7.67
10.74
3.69
4.53
9.54
14.14
-30.16
39.30
24.36
31.65
BALANCE SHEETS
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
VI Tahun 2006 Seri C
FIFA06C
Listing
Date
Outstanding
(Rp Million)
300,000
24-Apr-06
Maturity
Date
21-Apr-09
36 Months
Coupon
Payment
Date
Coupon
Structure
Issue
Term
Rating
Fixed: 14.75%
21-Jan-07
21-Apr-07
21-Jul-07
21-Oct-07
idAA-
idAA-
2.
FIFA07B
VII Tahun 2007 Seri B
75,000
03-May-07
02-May-09
24 Months
Fixed: 10.00%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
3.
FIFA07C
VII Tahun 2007 Seri C
300,000
03-May-07
02-May-10
36 Months
Fixed: 10.50%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
idAA-
Fixed: 10.75%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
idAA-
Fixed: 11.125%
18-Aug-08
18-Nov-08
18-Feb-09
18-May-09
idAA-
Fixed: 12.125%
13-Aug-08
13-Nov-08
13-Feb-09
13-May-09
idAA-
Fixed: 12.625%
13-Aug-08
13-Nov-08
13-Feb-09
13-May-09
idAA-
4.
FIFA07D
5.
VII Tahun 2007 Seri D
FIFA08A
6.
VIII Tahun 2008 Seri A
FIFA08B
7.
VIII Tahun 2008 Seri B
FIFA08C
VIII Tahun 2008 Seri C
350,000
600,000
190,000
360,000
03-May-07
14-May-08
14-May-08
14-May-08
02-May-11
18-May-09
13-May-10
13-May-11
48 Months
370 hari
2 Tahun
3 Tahun
TRADING HIGHLIGHT
FIFA06C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1
Q2
Q3
9.765
10.371 10.155
27-Mar 25-Jun 20-Sep
11.576 11.256 10.496
9.686
9.771
9.695
9.788
9.822
9.887
WA1
52.36
59.33 198.16
Volume2
69.8% 79.1% 264.2%
Turnover3
Modified Duration (Yrs): 4.947
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q4
Q1
Q2
10.231 10.637
9.922
27-Dec 14-Mar 11-Jun
10.404 10.637 10.051
9.717
9.800
9.871
9.837 10.637 10.028
64.30
81.87 195.98
85.7% 109.2% 261.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
143
FIFA07B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
7.610
7.579
N/A
7.650
N/A 26-Jun 31-Aug 10-Dec
7.596
7.650
N/A
7.610
7.597
7.528
7.583
N/A
1
7.528
7.583
N/A
7.607
WA
2
N/A
207.23
33.79
22.01
Volume
N/A 1105.2% 180.2% 117.4%
Turnover3
Modified Duration (Yrs): 9.551
Last
Date
High
Low
Q1
Q2
7.615
7.563
19-Mar 05-May
7.615
7.615
7.608
7.495
7.608
7.495
15.01
31.05
80.0% 165.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FIFA07C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
N/A
7.858
7.835
7.878
N/A 04-Jun 13-Sep 22-Nov
7.853
7.878
N/A
7.858
7.828
7.833
7.830
N/A
N/A
7.858
7.834
7.847
WA1
N/A 153.09 113.40 123.73
Volume2
N/A 204.1% 151.2% 165.0%
Turnover3
Modified Duration (Yrs): 9.970
Last
Date
High
Low
Q1
Q2
7.871
27-Mar
7.871
7.759
7.871
15.15
20.2%
7.832
11-Apr
7.833
7.810
7.832
39.22
52.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FIFA07D
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
350
12.5
280
10.0
210
7.5
140
5.0
70
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
7.978
7.943
N/A 26-Jun 25-Sep
N/A
8.328
7.978
N/A
7.927
7.887
1
N/A
7.978
7.947
WA
N/A 204.29 325.62
Volume2
N/A 233.5% 372.1%
Turnover3
Modified Duration (Yrs): 9.596
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.954
7.918
7.970
29-Nov 17-Mar 23-Jun
7.963
7.962
8.819
7.933
7.905
7.921
7.963
7.918
7.970
83.15 104.21 156.60
95.0% 119.1% 179.0%
1
-
-
Q1-07
144
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
FIFA08A
Trading Volume
(Rp Billion)
1,000
12.5
800
10.0
600
7.5
400
5.0
200
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
8.094
N/A
N/A 20-Jun
8.099
N/A
N/A
8.077
8.078
N/A
N/A 810.27
N/A 540.2%
1
0
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
FIFA08B
No Transaction in Q2 2008
FIFA08C
No Transaction in Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
FIFA06C
Low
High
9.686
11.576
9.837
% of Total
Turnover
Ratio
(%)
0.72
124.72%
TRADING VOLUME
(Billion Rp)
374
Modified
Duration (Yrs)
End of Year
4.947
2.
FIFA07B
7.528
7.650
7.583
263
0.51
350.70%
9.551
3.
FIFA07C
7.828
7.878
7.847
390
0.75
130.07%
9.970
4.
FIFA07D
7.887
8.328
7.963
613
1.18
175.16%
9.596
1,640
3.16
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
52
FIFA06C
Q2-2007
59
Q3-2007
198
FIFA07B -
-
207
75
Outstanding
FIFA07C -
34
22
-
153
113
124
-
300
Outstanding
FIFA07D -
204
326
350
Outstanding
-
65
130
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
64
300
Outstanding
Q4-2007
S T O C K
E X C H A N G E
83
195
260
325
390
455
520
585
650
145
FREN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
MOBILE-8 TELECOM TBK
:
:
:
:
:
ADDRESS
Menara Kebon Sirih 18th Fl.
Jl. Kebon Sirih Kav. 17 - 19, Jakarta - 10340
Phone : (021) 392-0218
Fax : (021) 392-0219
idBBB+
Telecommunication
http://www.mobile-8.com
Chris Taufik
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Mobile-8 Telecom Tbk (“Mobile-8” or “the Company”) was established
in December 2002, and majority owned by PT Global Mediacom Tbk, the
holding company of a leading media group in Indonesia which owns and
manages an extensive library of local and foreign content.
Mobile-8 operates in the 800 MHz spectrum on the CDMA2000 1X
platform and provides mobile cellular services with “Fren” brand name,
fixed wireless services with “Hepi” brand name and VoIP services with
number code 01068. Coverage area of Fren includes big cities such as
Medan, Palembang, Banjarmasin, Makasar, Bali, Lampung and Batam
as well as reached almost all big and small cities and villages in Java,
For Hepi, the coverage has reached Jakarta, Bandung, Surabaya,
Semarang, Banjarmasin, Medan, Bogor, Malang and Denpasar. It is also
provides data services with EV-DO technology.
Mobile-8 achieved Best CDMA Operator Award, Best CDMA Prepaid
Award, and third place for Best Contact Center Award
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
859,881
37,884
11,462
1,069,830
1,452,416
8,120
3,040,817
499,253
950,451
1,449,703
738
6,000,000
1,958,536
19,585
100
-852,608
1,590,376
852,669
-0.84
-26.80
27,732
173,526 1,413.88
1,474,706
37.84
2,650,484
82.49
9,838
21.16
4,536,744
49.19
345,491
-30.80
2,395,067
151.99
2,740,557
89.04
-100.00
6,000,000
2,023,587
3.32
20,236
3.32
100
-802,780
5.84
1,796,186
12.94
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
588,641
559,510
29,132
559,510
29,132
55,537
84,668
50,029
517
35,157
882,545
715,007
167,539
715,007
167,539
-110,697
56,842
6,496
50,345
49.93
27.79
475.11
27.79
475.11
N/A
-32.87
-87.01
-100.00
43.20
0.91
1.16
5.97
4.95
1.53
1.11
5.70
18.98
67.38
-4.02
-4.49
283.59
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
146
Code
FREN01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
675,000
Listing
Date
16-Mar-07
Maturity
Date
15-Mar-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.375%
15-Jun-07
15-Sep-07
15-Dec-07
15-Mar-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FREN01
Trading Volume
(Rp Billion)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q4
Q3
9.884
9.963
9.976 10.025
03-Mar 28-Jun 27-Sep 28-Dec
11.208 10.894 10.112 10.121
9.957
9.884
9.895
9.899
9.912 10.030 10.031
9.974
WA1
241.29 710.22 264.31 183.31
Volume2
143.0% 420.9% 156.6% 108.6%
Turnover3
Modified Duration (Yrs): 8.752
Last
Date
High
Low
Q1
Q2
9.954
24-Mar
10.023
9.917
9.931
88.03
52.2%
10.219
26-Jun
10.222
9.957
10.049
97.32
57.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
FREN01
Low
9.884
High
Weighted Avg.
Executed
Yield (%)
9.974
11.208
TOTAL
% of Total
Turnover
Ratio
(%)
1,399
2.70
207.28%
1,399
2.70
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.752
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
241
FREN01
Q3-2007
710
675
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Q4-2007
E X C H A N G E
Outstanding
264
183
-450
600
750
900
1,050
1,200
1,350
1,500
147
HITS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
HUMPUSS INTERMODA TRANSPORTASI TBK
:
:
:
:
:
ADDRESS
Granadi Building 8th Fl.
Jl. H.R. Rasuna Said Kav. X-1 No. 8-9 Jakarta 12950
Phone : (021) 252-4114
Fax : -
A1.id
Transportation
http://www.hits.co.id/
Sapto Basuki
Bank Permata Tbk
PROFILE
FINANCIAL HIGHLIGHT
PT Humpuss Intermoda Transportasi Tbk is an Indonesia-based sea
transport company. The Company is engaged in sea transportation
and related activities, which involve transporting methanol, liquefied
natural gas, crude oil, fuel and other sea cargoes. It also provides vessel
crews and management services to vessel owners. The Company’s
subsidiaries include Humpuss Sea Transport Pte.Lte., which principal
activity is time chartering of vessels; PT Humpuss Transportasi Kimia,
which principal activity is vessel chartering on a spot basis, and PT
Humpuss Transportasi Curah, which principal activity is international and
domestic sea transportation. The Company is headquartered in Jakarta,
Indonesia.
The Company’s vision is to be the regional leader in industrial liquid and
dry cargo sea supply chain solution. The Company focuses on servicing
beyond customer satisfaction by offering an integrated shipping
solution services supported by first class vessels, crews, systems
and managements. Safety, Quality and Reliability are the Company’s
values.
The Company offered its 74 millions of shares through Initial Public
Offering effectively declared on November 24th, 1997 and listed at
the Jakarta Stock Exchange on December 15th in the same year. In
2004 the company offered bonds up to 350 billions IDR through Initial
Public Offering, effectively declared on December 10th, and listed at
Surabaya Stock Exchange on December 20th. This company has been
the first Indonesian company awarded the Certificate of International
Safety Management (ISM) for safety management system on vessel’s
operator.
As its commitment to professionalism with priority on safety and
reliability, the Company has obtained ISO 9001:2000 certificates for
vessel operational management, manning, and ship agency.
Up to the present, the company keeps on exploring and expanding
its business in shipping industry, improving its service quality, and
upgrading the ship and crew management expertise as well. By having
the new professional management, the Company concentrates on 8
business sectors: Gas Transportation, Oil Transportation, Chemical
Transportation, Industrial Coal Supply Chain, Dry Bulk Transportation,
Crew Management Services, Ship Agency Services, and Technical Ship
Management. They are all integrated as the first-rate solution to answer
regional and global market needs of shipping transportation.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
85,161
50,755
7,000
299,260
1,513,555
2,014,766
332,846
551,022
883,868
28,261
300,000
225,000
2,250
100
1,309,249
1,102,637
246,052
58,232
8,235
513,257
1,255,311
20,199
2,048,315
270,743
387,716
658,459
29,627
300,000
225,000
4,500
50
1,507,350
1,360,229
188.93
14.73
17.64
71.51
-17.06
N/A
1.67
-18.66
-29.64
-25.50
4.83
100.00
-50.00
15.13
23.36
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
846,745
550,141
296,604
72,333
224,271
-42,858
181,414
21,068
-9,679
150,667
780,041
492,773
287,267
87,281
199,987
63,548
263,535
13,889
-9,638
240,008
-7.88
-10.43
-3.15
20.67
-10.83
N/A
45.27
-34.08
0.42
59.30
0.80
7.48
17.79
26.49
0.48
11.72
30.77
25.64
-39.61
56.69
72.92
-3.20
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
148
Code
Series Name
HITS01B
I Tahun 2004 Seri B
HITS01C
Syari'ah Ijarah I Tahun
2004
Outstanding
(Rp Million)
80,500
92,000
Listing
Date
20-Dec-04
20-Dec-04
Maturity
Date
17-Dec-09
17-Dec-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 14.00%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
A1.id
Ijarah Fee
Rp17,080,000,000 p.a
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
HITS01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.853 10.869
21-Mar 26-Jun
12.171 11.657
10.842 10.670
10.873 10.974
WA1
35.46
54.32
Volume2
176.2% 269.9%
Turnover3
Modified Duration (Yrs): 2.237
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
10.842
06-Sep
10.979
10.842
10.842
8.39
41.7%
10.882 10.779 10.943
14-Dec 27-Feb 27-May
10.882 10.782 10.943
10.704 10.704 10.943
10.737 10.781 10.943
8.38
20.51
1.04
41.7% 101.9%
5.2%
Q1
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
HITS01C
Trading Volume
(Rp Billion)
30.0
15.0
24.0
12.0
18.0
9.0
12.0
6.0
6.0
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
13.754 13.541 13.709
29-Mar 29-Jun 18-Sep
13.754 13.881 13.831
13.457 13.541 13.281
1
13.754
13.881 13.645
WA
4.97
11.74
27.23
Volume2
21.6% 51.0% 118.4%
Turnover3
Modified Duration (Yrs): 6.414
Last
Date
High
Low
Q4
Q1
Q2
13.693
28-Dec
13.693
13.185
13.317
6.00
26.1%
13.244
24-Mar
13.317
13.244
13.244
7.44
32.4%
13.975
04-Jun
13.975
13.315
13.315
8.08
35.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
HITS01B
10.670
12.171
10.737
107
0.21
132.36%
2.237
2.
HITS01C
13.185
13.881
13.317
50
0.10
54.28%
6.414
156
0.30
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
HITS01B
Q2-2007
Q3-2007
35
Q4-2007
54
Outstanding
8
5
12
27
6
--
92
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
8
--
81
HITS01C
Outstanding
40
50
60
70
80
90
100
110
149
HMSP HANJAYA MANDALA SAMPOERNA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Rungkut Industri Raya 18
Surabaya - 60293
Phone : (031) 843-1699, 843-0986
Fax : (031) 843-0986
idAAA
Tobacco Manufacturers
http://www.sampoerna.com/
Suartini Harintho
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Hanjaya Mandala Sampoerna Tbk. (Sampoerna) was established in
1963 with the primary activity of manufacturing and marketing kretek
cigarettes. The history of HM Sampoerna and its current stature as one
of the biggest cigarette manufacturers in Indonesia are inseparable from
the history of its founder, Lim Seeng Tee, who began his business in
1913 producing and selling hand rolled clove cigarettes. Dji Sam Soe,
Sampoerna A Mild and Sampoerna A Hijau are Sampoerna’s main
brands. Since 2005 Sampoerna through its wholly owned subsidiary,
PT Panamas was appointed distributor for Marlboro, the leading
international cigarette brand produced by PT Philip Morris Indonesia.
Sampoerna’s significant subsidiaries include PT Handal Logistik
Nusantara (expedition and warehousing), PT Perusahaan Dagang dan
Industri Panamas (cigarette distribution), PT Asia Tembakau (cigarette
manufacturing and trading), and PT Sampoerna Printpack (printing and
packaging). Sampoerna also produces and distributes clove cigarettes
outside Indonesia through license and distribution agreements with
Philip Morris International or its affiliates and through PT Sampoerna
Joo Lan Sdn. Bhd. for the Malaysian market.
The Company is domiciled and has its headquarters in Surabaya. It
employs approximately 29,500 people and has factories located in
Surabaya, Pandaan, Malang, and Karawang. It also has agreements
with a number of third parties, called Third Party Operators to produce
hand rolled cigarettes.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,005,445
557,239
399,011
991,638
7,432,208 8,929,824
9,432,332 11,056,457
2,390,868 3,522,336
171,062
190,998
12,659,804 15,680,542
5,612,677 6,212,685
1,260,422 1,401,703
6,873,099 7,614,388
92,765
2,612
630,000
630,000
438,300
438,300
4,383
4,383
100
100
4,657,517 6,988,550
5,693,940 8,063,542
-44.58
148.52
20.15
17.22
47.32
11.65
23.86
10.69
11.21
10.79
-97.18
50.05
41.62
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
29,545,083 29,787,725
21,092,522 21,005,260
8,452,561 8,782,465
3,277,279 3,205,187
5,175,282 5,577,278
165,388
-232,275
5,344,895 5,345,073
1,787,404 1,712,231
-27,001
-8,824
3,530,490 3,624,018
0.82
-0.41
3.90
-2.20
7.77
N/A
0.00
-4.21
67.32
2.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1.21
27.89
11.95
17.52
0.94
23.11
12.17
18.72
-21.77
-17.13
1.81
6.89
AS OF JUNE 2008
No.
1.
150
Code
HMSP03
Series Name
III Tahun 2004
Outstanding
(Rp Million)
1,000,000
Listing
Date
27-Oct-04
Maturity
Date
26-Oct-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.75%
26-Jan-07
26-Apr-07
26-Jul-07
26-Oct-07
Rating
idAAA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
HMSP03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
10.0
240
8.0
180
6.0
120
4.0
60
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
8.079
8.052
8.025
23-Mar 29-Jun 25-Sep
8.160
8.206
8.579
8.058
7.994
8.002
8.066
8.112
7.994
WA1
220.05
95.11 261.06
Volume2
88.0% 38.0% 104.4%
Turnover3
Modified Duration (Yrs): 8.414
Last
Date
High
Low
Q4
Q1
Q2
8.047
13-Dec
8.132
8.029
8.094
41.67
16.7%
8.072
22-Feb
8.088
8.064
8.088
34.55
13.8%
8.145
24-Jun
8.161
8.040
8.145
84.34
33.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
HMSP03
Low
High
7.994
% of Total
618
1.19
61.79%
618
1.19
(Billion Rp)
8.094
8.579
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.414
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
220
HMSP03
Q2-2007
95
Q3-2007
261
Q4-2007
Outstanding
42
1,000
Outstanding
-
100
200
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
400
500
-600
700
800
900
1,000
1,100
151
IATG
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INFOASIA TEKNOLOGI GLOBAL TBK
:
:
:
:
:
ADDRESS
Menara Thamrin 15th Fl.
Jl. MH Thamrin Kav. 3 Jakarta - 10250
Phone : (021) 398-30150
Fax : (021) 398-30165
Ba2.id
Telecommunication
http://www.infoasia.com
Priska Emerentiana Erjani
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT. Infoasia Teknologi Global Tbk was established in 1995. The company
is engaged Computer Hardware Distribution, Network Services and
System Integrator, Network Provider and Internet Services, ASP, TV
Cable and Telecommunication Services.
Vision: to integrate the future communication through innovative
technology. Mission: to become a gateway of Information Technology
and Telecommunications in the region by providing the most advanced
technology and cost-effective services for the full satisfaction of our
customers towards the next millennium.
The scope of company’s business activities could be included in 4 (four)
business activities :
1. Supplier or telecommunication network & service of data and
voice traffic wholeselling/refilling.
2. Supplier internet access, internet telephony and data communication services.
3. Distributor of computer hardware.
4. Supplier of Inmarsat satellite and Global Positioning System
(GPS) services
The company and its subsidiaries are :
1. PT Global Teknindo Infotama, engaged in the sales agent of
various computer hardware brands of big, medium and small
companies, as well as state own companies.
2. PT Sejahtera Globalindo, engaged in Internet Service Provider
(ISP) and Wireless Network, as well as content provider VoIP
operator.
3. Global Communication Inc., engaged in network provider and
data and voice traffic telecommunication services for Asia Pacific
countries.
4. Distribution Technology Inc., engaged in the trading of various
computer hardware and software in ASEAN region.
5. PT Gemilang Putri Nusantara, or known as Bali Interactive who
operates and own cable TV license as well as own last mile
backbone fiber optic in the whole Southern part of Bali Island.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
14,171
72,201
1,397
140,665
184,618
897
345,935
12,779
108,472
121,251
817
240,000
89,997
900
100
110,792
223,867
10,434
-26.37
68,506
-5.12
2,688
92.42
93,695
-33.39
192,566
4.31
14,645 1,532.38
383,107
10.75
69,547
444.24
64,278
-40.74
133,825
10.37
796
-2.66
240,000
89,997
900
100
125,708
13.46
11.00
248,486
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
366,939
295,955
70,983
41,641
29,343
-12,275
17,068
-66
47
17,180
-1.34
362,007
-2.79
287,705
4.68
74,302
-1.82
40,883
13.89
33,419
-70.45
-20,922
12,496
-26.78
-2,398 -3,559.53
-53.34
22
14,916
-13.17
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
0.54
4.97
4.68
8.00
0.54
3.89
4.12
9.23
-0.56
-21.60
-11.99
15.44
AS OF JUNE 2008
No.
1.
2.
152
Code
IATG01B
IATG01C
Series Name
I Tahun 2004 Seri B
I Tahun 2004 Seri C
Outstanding
(Rp Million)
10,000
65,000
Listing
Date
28-Dec-04
28-Dec-04
Maturity
Date
23-Dec-08
23-Dec-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
4 Years
5 Years
Rating
Fixed: 13.30%
23-Mar-07
23-Jun-07
23-Sep-07
23-Dec-07
Ba2.id
Fixed: 13.75%
23-Mar-07
23-Jun-07
23-Sep-07
23-Dec-07
Ba2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IATG01B
Trading Volume
(Rp Billion)
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
-
11.756
- 11-May
- 11.756
- 11.756
- 11.756
WA1
2.00
Volume2
80.0%
Turnover3
Modified Duration (Yrs): 7.729
Last
Date
High
Low
Q3
Q4
Q1
Q2
11.855 11.587 12.194 11.656
21-Sep 27-Dec 19-Mar 27-Jun
11.855 11.682 12.194 12.355
11.855 11.587 12.151 11.656
11.855 11.681 12.184 12.146
1.98
7.95
11.28
11.57
79.2% 318.1% 451.2% 462.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
IATG01C
Trading Volume
(Rp Billion)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
12.030 12.285 12.218
23-Mar 12-Jun 21-Sep
13.074 12.285 12.218
12.030 12.090 12.036
1
12.030 12.218 12.218
WA
62.36
33.59
63.22
Volume2
383.8% 206.7% 389.0%
Turnover3
Modified Duration (Yrs): 7.441
Last
Date
High
Low
Q4
Q1
Q2
12.024
26-Dec
12.030
11.880
12.030
12.15
74.8%
11.810
21-Jan
12.005
11.810
11.810
5.98
36.8%
12.089
27-Jun
13.501
12.059
12.059
8.02
49.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
IATG01B
11.587
11.855
11.681
12
0.02
119.34%
7.729
2.
IATG01C
11.880
13.074
12.030
171
0.33
263.58%
7.441
183
0.35
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
IATG01B -
Q2-2007
Q3-2007
Q4-2007
Outstanding
8
10 --
Outstanding
62
IATG01C
34
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
12
--
65
Outstanding
63
E X C H A N G E
60
80
100
120
140
160
180
200
153
IDSR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOSIAR VISUAL MANDIRI
:
:
:
:
:
ADDRESS
Jl. Damai No. 11 Daan Mogot
Jakarta Barat - 11510
Phone : (021) 567-2222, 568-8888
Fax : (021) 560-7892
idBB+
Advertising, Printing & Media
http://www.indosiar.com
Andreas Ambesa
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Indosiar Visual Mandiri Tbk. was established on July 19, 1991,
located in Jakarta. The Company’s principal activity is the provision of
television-related activities including private TV broadcasting, advertising,
entertainment, information and import and export of TV materials. It
operates solely in the domestic market.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
7,268
152,601
414,418
638,983
655,155
28,286
1,305,189
386,925
704,985
1,091,910
1,000,000
497,291
1,989
250
-190,267
431,473
31,858
171,107
286,658
508,322
537,398
23,584
1,523,383
274,633
734,354
1,008,986
1,000,000
497,291
1,989
250
-325,537
296,203
338.37
12.13
-30.83
-20.45
-17.97
-16.62
16.72
-29.02
4.17
-7.59
N/A
-71.09
-31.35
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
607,849
846,985
-239,136
846,985
-239,136
-156,857
-395,992
-110,591
-285,401
608,344
666,692
-58,348
666,692
-58,348
-128,998
-187,345
-52,075
-135,270
0.08
-21.29
75.60
-21.29
75.60
17.76
52.69
52.91
N/A
52.60
2.53
-21.87
-46.95
-39.34
3.41
-8.88
-22.24
-9.59
34.61
59.39
52.64
75.62
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
154
Code
IDSR01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
696,207
Listing
Date
08-Aug-03
Maturity
Date
08-Aug-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.80%
08-Feb-07
08-May-07
08-Aug-07
08-Nov-07
Rating
idBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IDSR01XXBFTW
Trading Volume
(Rp Billion)
600
10.0
480
8.0
360
6.0
240
4.0
120
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
9.019
8.720
8.807
30-Mar 25-Jun 26-Sep
9.397
9.714
9.657
8.801
8.617
8.644
8.981
9.220
8.740
WA1
244.95 500.90 258.63
Volume2
140.7% 287.8% 148.6%
Turnover3
Modified Duration (Yrs): 6.776
Last
Date
High
Low
Q4
Q1
Q2
8.611
27-Dec
8.915
8.550
8.654
64.40
37.0%
4.636
8.219
26-Mar 25-Jun
8.451
4.636
8.183
4.348
8.220
4.470
143.54 218.37
82.5% 125.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
IDSR01XXBFTW
Low
8.550
High
Weighted Avg.
Executed
Yield (%)
8.654
9.714
TOTAL
% of Total
Turnover
Ratio
(%)
1,069
2.06
153.53%
1,069
2.06
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.776
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
245
IDSR01XXBFTW
Q4-2007
259
696
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Outstanding
501
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
300
64
-400
500
600
700
800
900
1,000
1,100
155
IJPA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDO JASA PRATAMA
:
:
:
:
:
ADDRESS
Sudirman Park Blok C30
Jl. K.H. Mas Mansyur Kav. 35, Jakarta - 10220
Phone : (021) 5794-2440
Fax : (021) 5794-2441
Baa2.id
Financial Institution
Zaenal Abidin
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Change %
Dec-2006
Dec-2007
9,982
2,127
11,046
1,693
10.66
-20.40
127,956
108,591
-15.13
3,432
12,615
3,172
160,016
1,197
129,180
500
50,000
17,500
175
100
13,336
30,836
6,491
13,862
1,493
144,521
1,276
108,633
500
50,000
17,500
175
100
18,387
35,887
89.12
9.88
-52.95
-9.68
N/A
6.67
-15.91
37.88
16.38
46,487
40,350
6,137
59,062
51,879
7,182
27.05
28.57
N/A
17.04
Net Tax
Net Income
1,801
4,335
2,131
5,051
18.32
16.51
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
4.19
2.71
9.33
13.20
3.03
3.50
8.55
12.16
-27.74
29.01
-8.29
-7.88
BALANCE SHEETS
PT Indo Jasa Pratama Tbk was etablished on May 21, 2001, located in
Jakarta. The Company’s line of business is focusing on leasing, factoring,
credit card, and consumer financing. Regarding to the company’s
strategic plan, it’s line of business is concentrating on motorcycle
financing, car financing.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
AS OF JUNE 2008
No.
1.
156
Code
IJPA01XXBFTW
Series Name
Amortisasi I Tahun 2003
Outstanding
(Rp Million)
7,200
Listing
Date
07-Nov-03
Maturity
Date
06-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 15.00%
06-Feb-07
06-May-07
06-Aug-07
06-Nov-07
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IJPA01XXBFTW
Trading Volume
(Rp Billion)
1.00
12.5
0.80
10.0
0.60
7.5
0.40
5.0
0.20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.070
-
Q1-Q2 2008
Q3
Q4
Q1
10.219
19-Sep
10.219
10.219
10.219
0.32
7.2%
10.009
05-Oct
10.009
10.009
10.009
0.86
23.8%
Q2
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
IJPA01XXBFTW
Low
High
10.009
10.219
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
1.2
0.002
8.16%
1.2
0.002
TRADING VOLUME
(Billion Rp)
10.009
TOTAL
Modified
Duration (Yrs)
End of Year
5.070
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
IJPA01XXBFTW - 0.3
Q2-2007
Q3-2007
Q4-2007
Outstanding
0.9
14.4
Outstanding
-
0.75
1.50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
2.25
3.00
3.75
4.50
5.25
6.00
6.75
7.50
157
INDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOFOOD SUKSES MAKMUR TBK
:
:
:
:
:
ADDRESS
Sudirman Plaza, Indofood Tower 27th Fl.
Jl. Jend. Sudirman Kav. 76 - 78, Jakarta - 12190
Phone : (021) 5795-8822 ext 1215
Fax : (021) 5793-7373
idAA+
Food And Beverages
http://www.indofood.co.id
Werianty Setiawan
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,794,451
1,668,487
2,975,274
7,457,559
6,440,524
747,886
16,112,493
6,273,098
4,247,287
10,523,697
657,710
3,000,000
944,419
9,444
100
4,283,280
4,931,086
4,536,937
2,367,820
4,169,150
11,766,665
8,079,455
900,400
29,527,466
12,776,365
5,899,543
18,679,042
3,721,828
3,000,000
944,419
9,444
100
4,999,251
7,126,596
152.83
41.91
40.13
57.78
25.45
20.39
83.26
103.67
38.90
77.50
465.88
16.72
44.52
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
21,941,558 27,858,304
16,760,382 21,281,752
5,181,176 6,576,552
3,205,467 3,682,124
1,975,709 2,894,428
-750,485
-829,199
1,225,224 2,065,229
473,176
696,842
-90,838
-387,270
661,210
980,357
26.97
26.98
26.93
14.87
46.50
-10.49
68.56
47.27
-326.33
48.27
BALANCE SHEETS
PT Indofood Sukses Makmur Tbk (Indofood) is the premier processed
foods company in Indonesia, with leading domestic market shares for
most of its products, including instant noodles, wheat flour, branded
edible oils and fats, baby foods and snack foods. Indofood also produces
food seasonings products. Currently Indofood is the largest instant
noodles manufacturer and the largest flour miller in the world, with
installed capacities of approximately 13 billion packs and 3.6 million tons
per annum, respectively. Indofood owns the largest distribution network
in Indonesia.
Supermi, Sarimi and Sakura instant noodles, Bimoli and Sunrise cooking
oil, Royal Palmia and Simas margarine, Chiki, Chitato and Jet-Z modern
snacks, Promina and Sun baby food products, and the Indofood and
Piring Lombok range of food seasonings. These brands play a vital
role in sustaining Indofood’s business stability and Indofood’s strong
fundamentals. The well-known and trusted brands of Indofood include
household names such as Indomie. Thirty-four manufacturing plants
including 121 instant noodles production lines make up operations.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.13
4.10
3.01
9.00
Change %
2.62
3.32
3.52
10.39
22.81
-19.09
16.78
15.39
AS OF JUNE 2008
No.
1.
2.
158
Code
INDF03
INDF04
Series Name
III Tahun 2004
IV Tahun 2007
Outstanding
(Rp Million)
976,000
2,000,000
Listing
Date
14-Jul-04
16-May-07
Maturity
Date
13-Jul-09
15-May-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.50%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA+
Fixed: 10.0125%
15-Aug-07
15-Nov-07
15-Feb-08
15-May-08
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
INDF03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
9.608
9.482
9.630
28-Feb 05-Jun 24-Sep
11.484 11.311
9.630
9.592
9.466
9.465
9.623
9.808
9.585
WA1
405.19 192.66 250.09
Volume2
166.1% 79.0% 102.5%
Turnover3
Modified Duration (Yrs): 4.419
Last
Date
High
Low
Q4
Q1
Q2
9.755
28-Dec
9.954
9.624
9.815
161.25
66.1%
9.830
9.736
17-Mar 30-Jun
9.776
9.830
9.497
9.635
9.818
9.698
178.16 394.34
73.0% 161.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
INDF04
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1000
10.0
800
8.0
600
6.0
400
4.0
200
2.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
N/A
7.535
7.590
N/A 29-Jun 13-Sep
7.618
N/A
7.696
N/A
7.535
7.500
1
7.560
7.585
N/A
WA
N/A 840.21 978.19
Volume2
N/A 168.0% 195.6%
Turnover3
Modified Duration (Yrs): 9.038
Last
Date
High
Low
Q4
Q1
Q2
7.554
28-Dec
7.604
7.529
7.539
283.41
56.7%
7.427
27-Mar
7.668
7.417
7.475
285.21
57.0%
7.567
26-Jun
8.057
7.439
7.439
145.29
29.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
INDF03
9.465
11.484
9.815
1,009
1.94
103.40%
4.419
2.
INDF04
7.500
7.696
7.539
2,102
4.05
105.09%
9.038
3,111
5.99
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
INDF03
405
Q2-2007
193
Outstanding
250
Q4-2007
Outstanding
161
--
976
INDF04 -
Q3-2007
840
978
283
--
2,000
Outstanding
-
200
400
600
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
159
INKP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDAH KIAT PULP & PAPER TBK
:
:
:
:
:
ADDRESS
BII Plaza Tower II, 9th Fl.
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9266 - 69
Fax : (021) 392-7685
idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian R. Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
366,894
1,552,648
3,322,875
6,622,009
34,343,343
12,711
47,646,020
3,889,525
27,003,216
30,892,741
2,605
20,000,000
5,470,983
5,471
1,000
-3,057,607
16,750,675
195,412
1,798,798
3,872,115
7,078,710
37,659,803
13,375
51,689,503
5,527,782
27,812,125
33,339,907
2,671
20,000,000
5,470,983
5,471
1,000
-2,326,116
18,346,926
-46.74
15.85
16.53
6.90
9.66
5.22
8.49
42.12
3.00
7.92
2.54
23.92
9.53
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
14,298,094 17,701,849
11,687,734 13,839,306
2,610,360 3,862,543
1,643,255 1,747,296
967,105 2,115,247
-1,203,454 -1,064,299
-236,349 1,050,948
1,435,826
185,774
-129
-199
-1,672,305
864,975
23.81
18.41
47.97
6.33
118.72
11.56
N/A
-87.06
-53.42
N/A
BALANCE SHEETS
PT Indah Kiat Pulp & Paper Tbk is:
• One of the world’s largest vertically integrated pulp & paper
companies.
• A major player in the Asian market.
• Strategically located within the Asia-Pacific region.
• A Company that directly employs approximately 15,300 employees.
• Committed to sustainability in all its operations.
PT Indah Kiat Pulp & Paper Tbk was established on December 7, 1976.
The Company has been listed on Indonesia Stock Exchange since
1990.
The Company currently has production facilities in three locations:
Perawang (Riau), Tangerang and Serang (Banten).
The Company’s main business activities are the production of pulp,
various types of culture papers consisting of printing and writing paper
(coated and uncoated freesheet) and photocopy paper. The Company
also produces industrial paper i.e. packaging paper which comprises:
containerboard (linerboard and corrugated medium), corrugated shipping
containers (converted from containerboard), boxboard and specialty
colored papers.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1.84
-3.51
-11.70
6.76
Change %
1.82
1.67
4.89
11.95
-1.47
N/A
N/A
76.66
AS OF JUNE 2008
No.
1.
2.
160
Code
INKP02A
INKP02B
Series Name
I Tahun 1999 Seri A
I Tahun 1999 Seri B
Outstanding
(Rp Million)
257,440
500,000
Listing
Date
01-Oct-04
01-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
INKP02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
20.0
48.0
16.0
36.0
12.0
24.0
8.0
12.0
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
19.273 10.113
12-Feb 04-Jun
19.273 10.113
18.584 10.113
19.255 10.113
WA1
0.81
1.58
Volume2
0.9%
1.9%
Turnover3
Modified Duration (Yrs): 4.815
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
14.105
27-Jul
14.106
14.106
14.106
0.47
0.6%
14.644
07-Dec
14.645
14.645
14.645
0.21
0.3%
Q1
Q2
-
12.675
18-Jun
21.068
11.621
12.482
56.59
87.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
INKP02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
20.0
100
16.0
75
12.0
50
8.0
25
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
19.238 10.113
12-Feb 04-Jun
19.273 14.028
18.584 10.113
1
19.255
14.028
WA
1.11
5.95
Volume2
0.9%
4.8%
Turnover3
Modified Duration (Yrs): 4.930
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
14.204
27-Jul
14.205
14.205
14.205
0.70
0.6%
14.193
07-Dec
14.194
14.194
14.194
0.36
0.3%
Q1
Q2
-
12.675
18-Jun
21.078
11.621
12.483
102.79
82.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
INKP02A
10.113
19.273
14.645
3
0.01
1.04%
4.815
2.
INKP02B
10.113
19.273
14.194
8
0.02
1.63%
4.930
11
0.02
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
INKP02A
Outstanding
--
294
INKP02B
--
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
300
350
400
450
500
550
161
ISAT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOSAT TBK
:
:
:
:
:
idAA+
Telecommunication
http://www.indosat.com
Strasfiatri Auliana
Bank Rakyat Indonesia (Persero) Tbk
PROFILE
PT Indosat Tbk is a leading telecommunication and information service
provider in Indonesia that provides cellular of prepaid and postpaid
services (Mentari, IM3 and Matrix), 3G services using HSDPAtechnology, fixed data services including Multimedia, Internet & Data
Communication Services (MIDI) and fixed telecommunication services
including IDD services and fixed wireless services.
PT Indosat Tbk (Indosat) was established in 1967 as a foreign direct
investment company to provide international telecommunications
services in Indonesia. In 1980, the Indonesian Government took over full
ownership of Indosat, which then became a Stated-Owned Company.
As the leading Indonesian international telecommunication provider, the
Company went public in 1994, by listing its shares on the Jakarta Stock
Exchange, the Surabaya Stock Exchange and its American Depository
Receipts in the New York Stock Exchange.
Entering the 21st century and in keeping with the global trends,
the Government of Indonesia decided to deregulate the national
telecommunications sector, opening it up to free market competition and
gradually removing the exclusive rights previously granted to Indosat
and another market incumbent. Indosat quickly seized the opportunity
by developing its cellular business. In 2001, with the establishment
of a cellular operator company, PT Indosat Multi Media Mobile (IM3),
followed by the full ownership acquisition of PT Satelit Palapa Indonesia
(Satelindo) in 2002, Indosat became the second largest cellular operator
in Indonesia.
On November 2003, following the signing of the Merger Deed to merge
Satelindo, IM3 and Bimagraha into Indosat, the Company emerged
as a cellular focused Full Network Service Provider (FNSP). This was
followed by a comprehensive transformation program, launched in 2004,
encompassing in human resources, technology platform and corporate
culture and values. The transformation has started to demonstrate
encouraging results as the Company posted record revenues that
surpassed Rp10 trillion thresholds and increased in margin its 10th year
as a publicly listed company
162
ADDRESS
Jl. Medan Merdeka Barat No. 21
Jakarta - 10110
Phone : (021) 3000-3001, 386-9614, 386-9166
Fax : (021) 380-4045
FINANCIAL HIGHLIGHT
Million Rp except Par Value
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
2,807,260
1,282,000
110,935
5,665,432
24,963,030
328,953
34,228,658
6,803,205
12,023,088
18,826,293
200,620
2,000,000
543,393
5,434
100
12,707,771
15,201,745
8,053,006
1,051,869
161,573
10,794,127
30,572,773
518,258
45,305,086
11,658,581
16,804,405
28,462,986
297,370
2,000,000
543,393
5,434
100
14,044,761
16,544,730
186.86
-17.95
45.65
90.53
22.47
57.55
32.36
71.37
39.77
51.19
48.23
10.52
8.83
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
12,239,407
8,840,748
3,398,659
8,840,748
3,398,659
-1,375,754
2,022,667
576,107
-36,467
1,410,093
16,488,495
11,968,891
4,519,604
11,968,891
4,519,604
-1,589,988
2,929,616
859,517
-28,056
2,042,043
34.72
35.38
32.98
35.38
32.98
-15.57
44.84
49.19
23.06
44.82
1.24
4.12
11.52
27.77
1.72
4.51
12.38
27.41
38.92
9.41
7.50
-1.29
BALANCE SHEETS
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
1.
Series Name
Code
ISAT02BXBFTW
II Tahun 2002 Seri B
Outstanding
(Rp Million)
200,000
Listing
Date
08-Nov-02
Maturity
Date
06-Nov-32
2.
ISAT03AXBFTW
III Tahun 2003 Seri A
1,860,000
23-Oct-03
22-Oct-08
3.
ISAT03BXBFTW
III Tahun 2003 Seri B
640,000
23-Oct-03
22-Oct-10
4.
5.
6.
7.
8.
ISAT04A
IV Tahun 2005
ISAT04B
Syariah Ijarah Tahun
2005
ISAT05A
V Tahun 2007 Seri A
ISAT05B
V Tahun 2007 Seri B
ISAT06A
VI Tahun 2008 Seri A
815,000
285,000
1,230,000
1,370,000
760,000
22-Jun-05
30-May-07
30-May-07
10-Apr-08
10-Apr-08
21-Jun-11
21-Jun-11
29-May-14
29-May-17
09-Apr-13
09-Apr-15
Coupon
Structure
Coupon
Payment
Date
Rating
Fixed: 16.00%
06-Feb-07
06-May-07
06-Aug-07
06-Nov-07
idAA+
Fixed: 12.500%
22-Jan-07
22-Apr-07
22-Jul-07
22-Oct-07
idAA+
Fixed: 12.875%
22-Jan-07
22-Apr-07
22-Jul-07
22-Oct-07
idAA+
6 Years
Fixed: 12.000%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idAA+
6 Years
Ijarah Fee
Rp8,550,000,000
quarterly
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idAA+
Fixed: 10.20%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA+
Fixed: 10.65%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA+
Fixed: 10.25 %
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
idAA+
10 Years
Fixed: 10.80 %
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
idAA+
Ijarah Fee
Rp40,800,000,000 p.a.
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA
(sy)+
30 Years
5 Years
7 Years
7 Years
10 Years
7 Years
ISAT06B
VI Tahun 2008 Seri B
10.
SIKISAT02
Sukuk Ijarah II Tahun
2007
400,000
30-May-07
29-May-14
7 Years
11.
SIKISAT03
Sukuk Ijarah III Tahun
2008
570,000
10-Apr-08
09-Apr-13
7 Years
9.
320,000
22-Jun-05
Issue
Term
09-Jul-08
Ijarah Fee Rp58,425,000,000 09-Oct-08
p.a.
09-Jan-09
idAA
(sy)+
09-Apr-09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
163
TRADING HIGHLIGHT
ISAT02BXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.386
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.912
17-Sep
9.912
9.912
9.912
5.05
10.1%
9.802
05-Oct
9.802
9.802
9.802
1.04
2.1%
9.928
31-Jan
9.928
9.928
9.928
0.91
1.8%
9.725
01-Apr
9.725
9.722
9.724
8.59
17.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT03AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1000
10.0
800
8.0
600
6.0
400
4.0
200
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.467
9.029
20-Mar 27-Jun
10.467
9.108
8.958
8.941
9.011
9.014
WA1
500.31 242.95
Volume2
107.6% 52.2%
Turnover3
Modified Duration (Yrs): 5.528
Last
Date
High
Low
Q1-Q2 2008
Q1
Q2
Q3
Q4
8.898
27-Sep
9.115
8.781
9.015
207.21
44.6%
9.023
8.869
8.417
27-Dec 11-Feb 24-Jun
9.006
8.523
9.261
8.906
8.809
8.265
8.995
8.926
8.468
453.19 800.61 619.23
97.5% 172.2% 133.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT03BXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.050
9.298
29-Mar 26-Jun
9.187
9.305
9.001
8.925
9.037
9.305
WA1
30.61 228.87
Volume2
19.1% 143.0%
Turnover3
Modified Duration (Yrs): 7.752
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.305
28-Sep
9.305
9.008
9.015
21.83
13.6%
8.993
06-Dec
9.365
8.993
9.365
2.06
1.3%
9.100
15-Feb
9.365
8.993
9.092
89.85
56.2%
9.185
24-Jun
9.270
9.044
9.221
89.46
55.9%
1
-
-
Q1-07
164
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ISAT04A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60
12.5
48
10.0
36
7.5
24
5.0
12
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.319 10.013
08-Feb 15-Jun
10.383 10.445
9.933
9.970
1
10.351
10.445
WA
50.08
22.48
Volume2
24.6% 11.0%
Turnover3
Modified Duration (Yrs): 3.781
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.243
24-Sep
11.243
9.971
10.031
49.94
24.5%
9.890
12-Dec
10.375
9.890
9.935
22.09
10.8%
9.987
27-Mar
10.058
9.944
9.944
55.33
27.2%
10.482
26-Jun
10.499
10.192
10.197
39.10
19.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT04B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.443 10.499
29-Mar 26-Jun
10.443 10.499
10.007 10.304
10.443 10.456
WA1
4.20
10.86
Volume2
5.9% 15.2%
Turnover3
Modified Duration (Yrs): 8.902
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.396
18-Sep
10.396
10.338
10.338
6.89
9.7%
10.403
28-Dec
10.403
10.188
10.403
6.73
9.4%
10.188
24-Mar
10.188
10.188
10.188
5.32
7.5%
10.273
30-Jun
10.676
10.273
10.307
6.79
9.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT05A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
7.835
N/A
7.788
7.872
N/A 29-Jun 28-Sep 28-Dec
N/A
7.912
7.904
7.880
N/A
7.788
7.839
7.808
1
N/A
7.891
7.870
7.849
WA
N/A 720.97 503.47 336.70
Volume2
N/A 234.5% 163.7% 109.5%
Turnover3
Modified Duration (Yrs): 9.905
Last
Date
High
Low
Q1
Q2
7.866
12-Mar
7.908
7.853
7.908
298.88
97.2%
7.870
30-Jun
7.918
7.853
7.865
122.30
39.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
165
ISAT05B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
750
10.0
600
8.0
450
6.0
300
4.0
150
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
8.075
8.089
N/A 07-Jun 06-Sep
N/A
8.160
8.161
N/A
7.738
8.003
1
N/A
8.053
8.105
WA
2
N/A
733.89
706.43
Volume
N/A 214.3% 206.3%
Turnover3
Modified Duration (Yrs): 9.588
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.102
28-Dec
8.297
7.949
7.987
240.04
70.1%
8.068
14-Mar
8.150
8.019
8.112
133.42
39.0%
8.144
30-Jun
8.382
8.069
8.353
240.98
70.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT06A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
125
10.0
100
8.0
75
6.0
50
4.0
25
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
8.882
17-Jun
8.955
8.541
8.882
106.65
56.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT06B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
10.0
20.0
8.0
15.0
6.0
10.0
4.0
5.0
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
9.257
17-Jun
9.257
9.257
9.257
22.00
27.5%
1
-
-
Q1-07
166
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
SIKISAT02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
10.0
28.0
8.0
21.0
6.0
14.0
4.0
7.0
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
7.880
N/A 25-Jun
N/A
7.907
N/A
7.880
1
N/A
7.885
WA
2
N/A
7.01
Volume
N/A
7.0%
Turnover3
Modified Duration (Yrs): 10.264
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.901
25-Sep
7.907
7.846
7.846
31.65
31.6%
7.834
18-Dec
7.877
7.826
7.830
33.20
33.2%
7.858
27-Feb
7.874
7.853
7.866
4.04
4.0%
7.963
30-Jun
7.964
7.877
7.882
25.00
25.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKISAT03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
10.0
28.0
8.0
21.0
6.0
14.0
4.0
7.0
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
8.990
25-Jun
8.997
8.541
8.882
29.81
20.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
ISAT02BXBFTW
Low
High
9.802
9.912
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.01
3.04%
TRADING VOLUME
(Billion Rp)
9.802
6
Modified
Duration (Yrs)
End of Year
5.386
2.
ISAT03AXBFTW
8.781
10.467
8.995
1,404
2.70
75.47%
5.528
3.
ISAT03BXBFTW
8.925
9.365
9.365
283
0.55
44.28%
7.752
4.
ISAT04A
9.890
11.243
9.935
145
0.28
17.74%
3.781
5.
ISAT04B
10.007
10.499
10.403
29
0.06
10.06%
8.902
6.
ISAT05A
7.788
7.912
7.849
1,561
3.01
126.92%
9.905
7.
ISAT05B
7.738
8.297
7.987
1,680
3.24
122.65%
9.588
8.
SIKISAT02
7.826
7.907
7.830
72
0.14
17.96%
10.264
5,180
9.98
TOTAL
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
167
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
ISAT02BXBFTW
Outstanding
200
-
ISAT03AXBFTW
500
243
207
Outstanding
453
1,860
ISAT03BXBFTW
-
229
Outstanding
640
-
ISAT04A
Outstanding
815
-
ISAT04B
Outstanding
285
-
ISAT05A -
721
503
337
1,230
Outstanding
ISAT05B -
-
706
734
Outstanding
240
1,370
-
SIKISAT02 Outstanding
-
168
400
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
169
JPFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAPFA COMFEED IDONESIA TBK
:
:
:
:
:
ADDRESS
Wisma Millenia 7th Fl.
Jl. MT Haryono Kav. 16, Jakarta - 12810
Phone : (021) 831-0308
Fax : (021) 831-0309
idBBB+
Animal Feed
http://ww.japfacomfeed.co.id
Christine R. Wibisono
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
203,207
543,041
1,142,121
2,186,308
1,339,220
23,763
3,622,463
1,147,622
1,745,680
2,893,302
132,348
2,000,000
1,489,415
1,489
1,000
-1,113,848
596,813
249,617
476,906
1,389,067
2,492,794
1,401,288
26,637
4,043,497
1,018,738
2,068,936
3,087,674
163,240
2,000,000
1,489,415
1,489
1,000
-932,984
792,583
22.84
-12.18
21.62
14.02
4.63
12.09
11.62
-11.23
18.52
6.72
23.34
16.24
32.80
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,401,365
5,291,530
1,109,835
842,150
267,685
102,420
370,105
101,939
-30,006
238,160
7,903,315
6,467,391
1,435,924
995,422
440,502
-149,430
291,072
71,759
-38,551
180,864
23.46
22.22
29.38
18.20
64.56
N/A
-21.35
-29.61
-28.48
-24.06
4.85
6.57
3.72
4.18
3.90
4.47
2.29
5.57
-19.64
-31.97
-38.49
33.29
BALANCE SHEETS
Japfa has its roots in copra pellet production back in its early history of
the Nineteen-Seventies. The Company was established in 1971 under
the name PT Java Pelletizing Factory as a 50 - 50 venture between PT
Perusahaan Dagang & Industri Ometraco and International Graanhandel
Thegra NV of the Netherlands.
In October 1989, in line with its expansion plan, the Company floated
its shares on the Jakarta and Surabaya Stock Exchanges. The public
listing, followed by a rights issue in 1990, provided the Company with the
financial strength to launch into the animal feed industry.
Japfa subsequently made strategic acquisitions of four companies:
PT Comfeed Indonesia (animal feed), PT Ometraco Satwafeed (animal
feed), PT Indopell Raya (pelletizing) and PT Suri Tani Pemuka (shrimp
feed). A second wave of acquisitions took place in 1992 when Japfa
bought PT Multibreeder Adirama Indonesia (poultry breeding), PT
Ciomas Adisatwa (poultry processing operation) and the shrimp farming
and cold storage operations of Suri Tani Pemuka.
The string of acquisitions transformed the Company into one of the
largest and most integrated poultry / shrimp producers in the country.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
170
Code
JPFA01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
500,000
Listing
Date
12-Jul-07
Maturity
Date
11-Jul-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
11-Oct-07
11-Jan-08
11-Apr-08
11-Jul-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPFA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25
12.5
20
10.0
15
7.5
10
5.0
5
2.5
-
-
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.289
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
10.195
10-Aug
10.222
10.195
10.195
22.03
17.6%
10.311
13-Nov
10.318
10.311
10.318
6.04
4.8%
Q1
Q2
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
JPFA01
Low
High
10.195
10.318
% of Total
Turnover
Ratio
(%)
28
0.05
5.61%
28
0.05
TRADING VOLUME
(Billion Rp)
10.318
TOTAL
Modified
Duration (Yrs)
End of Year
8.289
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
JPFA01 - 22 6
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
171
JPOS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAWA POS
:
:
:
:
:
ADDRESS
Graha Pena Building 5th Floor
Jl. Achmad Yani 88, Surabaya
Phone : (031) 820-2008
Fax : (031) 829-4575
idA
Advertising, Printing & Media
http:/www.jawapos.co.id
Dwi Permata Sari Surya
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Jawa Pos Concern Ltd (JAWA) is a leading integrated media company
headquartered in Surabaya, East Java. The Company’s flagship
Jawa Pos daily newspaper is distributed mostly in East Java/Eastern
Indonesia, while other media under Jawa Pos Group are distributed all
over the country. As of 31 December 2003, The Company is owned by PT
Grafiti Pers (45.15%), Mr. Dahlan Iskan (24.43%) and some individuals
(30.42%). The major shareholder, PT Grafiti Pers, is known as one of the
nation’s prominent publishing companies.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
73,127
174,434
107,240
362,408
967,983
271
1,463,146
337,032
396,927
733,959
1,747
800,000
200,000
200
1,000
523,071
727,440
139,339
195,640
118,430
473,415
1,033,774
1,477
1,645,119
568,497
225,587
794,084
909
800,000
200,000
200
1,000
647,952
850,126
90.54
12.16
10.43
30.63
6.80
445.54
12.44
68.68
-43.17
8.19
-47.96
23.87
16.87
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,126,459
760,951
365,508
115,119
250,389
-39,821
210,560
70,318
-449
139,792
1,210,572
774,728
435,844
130,206
305,639
-45,481
260,157
97,015
-74
154,864
7.47
1.81
19.24
13.11
22.07
-14.21
23.55
37.97
83.44
10.78
1.01
9.55
12.41
22.23
0.93
9.41
12.79
25.25
-7.42
-1.47
3.08
13.58
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
172
Code
JPOS01XXBFTW
Series Name
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
11-Dec-03
Maturity
Date
10-Dec-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.75%
10-Mar-07
10-Jun-07
10-Sep-07
10-Dec-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPOS01XXBFTW
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.057 10.319
30-Mar 06-Jun
10.272 10.348
9.991 10.215
10.135 10.215
WA1
11.30
14.10
Volume2
22.6% 28.2%
Turnover3
Modified Duration (Yrs): 7.777
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.246
06-Sep
10.246
10.144
10.144
3.78
7.6%
9.993 10.007
9.869
14-Dec 26-Mar 26-Jun
9.993 10.028 10.072
9.993
9.906
9.838
9.975 10.042
9.993
1.04 115.83 100.62
2.1% 231.7% 201.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JPOS01XXBFTW
Low
9.991
High
Weighted Avg.
Executed
Yield (%)
% of Total
30
0.06
15.11%
30
0.06
(Billion Rp)
9.993
10.348
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.777
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
11
JPOS01XXBFTW
14
Q2-2007
Q3-2007
Outstanding
4
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
173
JPRO
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAKARTA PROPERTINDO
:
:
:
:
:
ADDRESS
Menteng Office Park 8th Floor
Jl. Probolinggo No. 18 Jakarta - 10350
Phone : (021) 230-1187
Fax : (021) 3193-4037, 230-1188
Baa2.id
Property And Real Estate
http://www.jakarta-propertindo.com
Mamat
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Jakarta Propertindo Tbk (JakPro) is a property sub-hodling of the
Provincial Government of Jakarta established in December 2000.
JakPro has been trusted to develop Pluit Modern Area, Pulo man
Integrated Area, coastal area reclamation as well as to undertake the
construction of office buildings, apartment complexes and urban-scale
public facilities.
Today, Jakpro has spread its wings beyond property projects and property
management. Some of its most significant and strategic infrastructure
projects for development of capital city Jakarta include the Radio Network
Planning, Telecommunication and Fiber Optics, Monorail and InnerCity Toll Road Projects. With the vast opportunities in Jakarta and the
strategic importance of its role and projects to the future development of
Jakarta, Jakpro is firmly commited to persue its financial growth parallel
with its critical mission to serve the city as wll as the national interest for
development with environment orientation.
Our Vision :
To become a market and environmentally oriented property and
infrastructure company, delivering quality products and services
Our Mission :
• To develop lands and buildings in accordance with potentials
market trends
• To develop new areas in compliance with the urban development
plan
• To develop lands and buildings with due consideration to the
environment and customer service
• To develop property and other supporting service with orientation
toward the company’s core business
• To develop infrastructure projects within Jakarta and surrounding
areas
• To develop strategically located properties with potential economic
values, which are owned by the provincial government of Jakarta
• Coastal area reclamation in accordance with the development
plan of the North Jakarta region
• Preparing the company’s human capital as the Center of
Excellence, reliable to fill strategic positions within the company
as well as other companies owned by the Provincial Government
of Jakarta
Million Rp except Par Value
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
92,922
52,094
150,950
38,887
9,521
611,555
4,375
101,650
5,851
515,000
429,996
430
1,000
74,058
504,054
114,428
94,425
759
201,146
50,812
9,231
924,848
6,290
398,842
6,180
750,000
429,996
430
1,000
89,830
519,826
23.14
81.26
N/A
33.25
30.67
-3.05
51.23
43.77
292.37
5.62
45.63
21.30
3.13
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
135,511
67,496
68,014
38,353
29,661
7,695
37,356
9,637
27,719
27,354
168,031
106,177
61,854
42,259
19,595
16,213
35,807
6,392
29,417
29,039
24.00
57.31
-9.06
10.18
-33.94
110.68
-4.15
-33.67
6.13
6.16
0.20
4.47
20.19
21.89
0.77
3.14
17.28
11.66
280.46
-29.80
-14.38
-46.72
BALANCE SHEETS
Change %
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
174
Code
JPRO01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
29-Jun-07
Maturity
Date
28-Jun-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPRO01
Trading Volume
(Rp Billion)
200
15.0
160
12.0
120
9.0
80
6.0
40
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
N/A 12.284 11.575 11.326
N/A 28-Jun 27-Sep 26-Dec
N/A 12.284 12.706 12.537
N/A 12.284 11.575 11.326
N/A 12.284 11.575 12.042
WA1
N/a
67.00 164.04
89.23
Volume2
N/A 134.0% 328.1% 178.5%
Turnover3
Modified Duration (Yrs): 2.431
Last
Date
High
Low
Q1
Q2
11.326
03-Jan
11.326
11.326
11.326
10.92
21.8%
12.284
28-Apr
12.284
11.277
12.284
39.67
79.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JPRO01
Low
High
11.326
12.706
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
320
0.62
160.13%
320
0.62
TRADING VOLUME
(Billion Rp)
12.042
TOTAL
Modified
Duration (Yrs)
End of Year
2.431
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
JPRO01 -
Q2-2007
67
Q3-2007
89
200
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Outstanding
164
Outstanding
-
Q4-2007
E X C H A N G E
105
-140
175
210
245
280
315
350
175
JSMR JASA MARGA (PERSERO) TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630, 841-3526
Fax : (021) 841-3540
idAATollroad, Airport, Harbor & Allied Product
Okke Merlina
Bank Mega Tbk
PROFILE
The development of cities in Indonesia had been increasing eversince
Five Year Development I. This fact led to the increase of social economic
activities which made the traffic volume went up. Arterial roads, which
were to be used for long distance traffic had been confuse not only
with collector road but also local road, which caused tarffic jam and
obstruction of economic growth.
Those were the economic consideration for construction highway arterial
road. Developing such road required a large amount of fund. While State
Revenues & Expenditures Budget was very limited. This was the reason
why the toll system was applied on the first highway in Indonesia which
was Jakarta-Cibinong segment, 27 km, part of Jagorawi toll road.
Having been founded to operate the toll road on March 1st, 1978 based
on the Government Regulation no. 4 of 1978, later based on Presidential
Decree no. 38 of 1981, PT Jasa Marga (Persero) was appointed to
operate nine toll roads/bridges in Indonesia.
PT Jasa Marga (Persero) was formed based on the Government of
Republic of Indonesia’s rules number 4 year 1978 about the inclusion of
the Republic of Indonesia’s capital in forming a Persero whose business
includes the construction, management and maintenance of toll roads.
Also about the business rules (the Page of The Republic of Indonesia
number: 4 Juncto by the Decision of The Minister of Finance of the
Republic of Indonesia number : 90/KMK.06/1978, about the capital of PT
Jasa Marga (Persero), dated February 27, 1978.
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
176
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
260,390 4,000,028 1,436.17
510,177
23,725
-95.35
N/A
824,001 4,075,786
394.63
8,773,130 9,259,958
5.55
285,794
84,160
-70.55
10,255,697 13,847,227
35.02
1,353,599 1,325,320
-2.09
6,516,434 6,307,223
-3.21
7,870,033 7,632,543
-3.02
117
239,368 203,897.25
2,000,000 9,520,000
376.00
1,000,000 3,400,000
240.00
1
6,800 679,900.00
1,000,000
500
-99.95
1,385,273
230,244
-83.38
150.48
2,385,547 5,975,316
2,296,143
1,476,690
819,453
1,476,690
819,453
-313,554
505,899
43,323
-9
462,567
3.30
4.51
20.15
35.69
15.20
2,645,043
1,629,093
10.32
1,015,949
23.98
10.32
1,629,093
23.98
1,015,949
-95.79
-613,893
402,057
-20.53
182.13
122,228
-1,847 -21,045.75
277,982
-39.90
1.28
2.01
10.51
38.41
-61.28
-55.49
-47.83
7.63
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
JMPD10OXBFTW
JMPD11PXBFTW
2.
3.
JMPD12Q
4.
JMPD13R
Listing
Date
Outstanding
(Rp Million)
X Tahun 2002 Seri O
650,000
XI Seri P Tahun 2003
1,000,000
XII Seri Q Tahun 2006
XIII Seri R Tahun 2007
1,000,000
1,500,000
11-Dec-02
13-Oct-03
07-Jul-06
22-Jun-07
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
04-Dec-10
8 Years
04-Mar-07
04-Jun-07
04-Sep-07
04-Dec-07
idAA-
10-Oct-13
10-Jan-07
Year 1-5: 12.30%; Year 6- 10-Apr-07
10 Years
10: 13.00%
10-Jul-07
10-Oct-07
idAA-
06-Jul-16
Fixed: 13.50%
06-Jan-07
06-Apr-07
06-Jul-07
06-Oct-07
idAA-
Fixed: 10.25%
21-Sep-07
21-Dec-07
21-Mar-08
21-Jun-08
idAA-
21-Jun-17
10 Years
10 Years
Fixed: 16.15%
TRADING HIGHLIGHT
JMPD10OXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.827 10.399
23-Mar 26-Jun
9.914 10.712
9.822
9.881
1
9.822
10.295
WA
53.33
79.56
Volume2
49.0% 32.8%
Turnover3
Modified Duration (Yrs): 7.897
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.736
04-Sep
10.879
9.820
9.830
111.19
68.4%
9.925
12-Dec
10.818
9.911
10.634
52.81
32.5%
10.140
25-Mar
10.603
9.901
10.573
54.41
33.5%
9.868
25-Jun
10.932
9.868
9.868
96.21
59.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
JMPD11PXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1
Q2
9.583 10.046
29-Mar 12-Jun
12.018 11.812
9.545
9.464
9.465
10.080
WA1
155.14
26.20
Volume2
62.1% 10.5%
Turnover3
Modified Duration (Yrs): 5.547
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
Q1
Q2
10.165
26-Sep
11.116
9.353
9.457
181.72
72.7%
9.613
19-Dec
10.230
9.472
9.648
102.97
41.2%
9.841
27-Mar
10.629
9.522
9.843
159.04
63.6%
10.017
27-Jun
10.090
9.577
9.871
167.84
67.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
177
JMPD12Q
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
11.795 10.257
14-Mar 30-Apr
11.795 10.312
10.499 10.257
1
10.810 10.261
WA
2
21.46
9.25
Volume
8.6%
3.7%
Turnover3
Modified Duration (Yrs): 3.620
Last
Date
High
Low
Q3
Q4
Q1
Q2
10.221
20-Sep
11.555
10.214
10.372
28.79
11.5%
11.322
27-Dec
11.795
10.341
10.352
48.52
19.4%
10.382 11.377
05-Mar 06-May
10.588 11.555
10.333 11.306
10.382 11.399
51.14
69.50
20.5% 27.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
JMPD13R
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.186
9.166
N/A 27-Jun 26-Sep
9.193
9.297
N/A
N/A
9.150
9.008
N/A
9.182
9.162
WA1
N/A 286.48 422.00
Volume2
N/A 76.4% 112.5%
Turnover3
Modified Duration (Yrs): 5.672
Last
Date
High
Low
Q4
Q1
Q2
9.027
03-Dec
9.204
8.990
9.053
94.61
25.2%
8.629
13-Mar
9.110
8.629
8.629
88.38
23.6%
8.805
18-Jun
8.805
8.805
8.805
9.67
2.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JMPD10OXBFTW
2.
3.
4.
Low
10.634
% of Total
Turnover
Ratio
(%)
0.57
45.68%
TRADING VOLUME
(Billion Rp)
297
Modified
Duration (Yrs)
End of Year
7.897
9.820
10.879
JMPD11PXBFTW
9.353
12.018
9.648
466
0.90
46.60%
5.547
JMPD12Q
10.214
11.795
10.352
108
0.21
10.80%
3.620
JMPD13R
8.990
9.297
9.053
803
1.55
53.54%
5.672
1,674
3.23
TOTAL
178
High
Weighted Avg.
Executed
Yield (%)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
JMPD10OXBFTW
80
53
111
Q2-2007
Q3-2007
650
155
26
Outstanding
53
Outstanding
JMPD11PXBFTW
Q4-2007
182
--
103
Outstanding
1,000
--
1,000
--
JMPD12Q
Outstanding
JMPD13R -
286
422
95
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
1,500
S T O C K
E X C H A N G E
450
600
750
900
1,050
1,200
1,350
1,500
1,650
179
KLBF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
KALBE FARMA TBK
:
:
:
:
:
ADDRESS
Kalbe Building
Jl. Letjend. Suprapto Kav. 4, Jakarta - 10510
Phone : (021) 4287-3888 - 89
Fax : (021) 4287-3680
idAA
Pharmaceuticals
http://www.kalbefarma.com
Vidjongtius
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Kalbe was established in 1966. While it has remained consistently
focused on achieving its stated mission, it has undergone significant
changes throughout its period of operation in order to continue to
serve the evolving and developing needs of Indonesian consumers.
In particular, while it continues to develop a broad range of Over-TheCounter (OTC) drugs, it has placed increasingly greater emphasis on
its ability to provide a more extensive array of value-added generic and
licensed drugs. It is also placing increasing emphasis on its role as an
innovator, developing new drugs and chemical entities either by itself or
in alliance with strategic partners internationally.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,231,454
760,375
884,654
3,321,278
1,024,372
35,125
4,624,619
658,760
421,411
1,080,566
549,237
850,000
507,801
10,156
50
2,497,335
2,994,817
1,116,346
927,074
1,427,068
3,760,008
1,204,148
15,013
5,138,213
754,629
366,559
1,121,539
629,812
850,000
507,801
10,156
50
3,101,989
3,386,862
-9.35
21.92
61.31
13.21
17.55
-57.26
11.11
14.55
-13.02
3.79
14.67
24.21
13.09
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,071,550
2,972,908
3,098,642
2,027,371
1,071,271
18,810
1,090,081
325,724
-87,776
676,582
7,004,910
3,453,279
3,551,631
2,422,276
1,129,355
29,313
1,158,667
347,020
-105,953
705,694
15.37
16.16
14.62
19.48
5.42
55.84
6.29
6.54
-20.71
4.30
0.36
14.63
11.14
17.64
0.33
13.73
10.07
16.12
-8.22
-6.12
-9.59
-8.62
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
180
Code
KLBF01
Series Name
I Tahun 2006
Outstanding
(Rp Million)
300,000
Listing
Date
30-Jun-06
Maturity
Date
28-Jun-09
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.625%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
Rating
idAA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
KLBF01
Trading Volume
(Rp Billion)
125
15.0
100
12.0
75
9.0
50
6.0
25
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
Q1-Q2 2008
Q3
12.084 12.639 13.206
13-Mar 26-Jun 20-Sep
13.897 13.731 13.206
12.079 12.324 12.401
12.089 12.324 12.468
WA1
27.01
87.15 109.63
Volume2
36.0% 116.2% 146.2%
Turnover3
Modified Duration (Yrs): 3.550
Last
Date
High
Low
Q4
Q1
Q2
13.034
17-Dec
13.034
12.379
12.836
4.69
6.3%
12.340
31-Mar
13.186
12.151
12.300
29.71
39.6%
12.866
03-Jun
13.253
12.601
13.016
37.01
49.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
KLBF01
Low
High
12.079
13.897
% of Total
Turnover
Ratio
(%)
228
0.44
76.16%
228
0.44
TRADING VOLUME
(Billion Rp)
12.836
TOTAL
Modified
Duration (Yrs)
End of Year
3.550
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
27
KLBF01
Q2-2007
Q3-2007
87
Q4-2007
110
Outstanding
5
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
181
KREN KRESNA GRAHA SEKURINDO TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Indonesia Stock Exchange Building Tower I, 30th Fl.
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-2889
Fax : (021) 515-5280
A3.id (A-)
Securities Company
http://www.kgs.com
Andreas Tanadjaya
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Kresna Graha Sekurindo Tbk is a financial services company engaged
in acitivites such as a broker, underwriter and investment manager.
Its business segments are divided into asset management, equities,
fixed income, investment banking and research.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
32,554
844
-
134,732
2,375
-
313.88
181.32
N/A
14,904
41,246
4,448
209,648
21,428
45,354
109,096
7,863
709,056
91,834
204.31
N/A
164.50
76.78
N/A
238.21
328.57
81,724
111,512
106,000
58,400
584
100
25,979
98,135
337,338
594,054
106,000
58,400
584
100
42,846
115,002
N/A
312.78
432.72
N/A
64.92
17.19
28,054
20,469
7,585
4,772
12,357
2,217
10,140
68,192
45,860
22,332
510
22,841
4,450
18,391
143.08
124.05
194.42
-89.32
84.85
100.71
N/A
81.38
1.14
4.84
36.14
27.04
5.17
2.59
26.97
32.75
354.59
-46.37
-25.38
21.12
Change %
AS OF JUNE 2008
No.
1.
2.
182
Code
KREN01B
KREN01C
Series Name
I Tahun 2007 Seri B
I Tahun 2007 Seri C
Outstanding
(Rp Million)
45,000
75,000
Listing
Date
10-May-07
10-May-07
Maturity
Date
08-May-09
08-May-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
2 Years
3 Years
Rating
Fixed: 12.00%
08-Aug-07
08-Nov-07 A3.id (A08-Feb-08
)
08-May-08
Fixed: 13.00%
08-Aug-07
08-Nov-07 A3.id (A08-Feb-08
)
08-May-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
KREN01B
Trading Volume
(Rp Billion)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
-
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 4.437
Last
Date
High
Low
Q1-Q2 2008
-
Q4
Q1
-
8.463
23-Jul
8.463
8.453
8.463
7.51
66.8%
-
Q2
8.368
8.371
28-Mar 16-May
8.368
8.409
8.371
8.368
8.371
8.368
4.06
1.01
36.0%
9.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
KREN01C
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
8.851
N/A 04-Jun
N/A
8.872
N/A
8.851
N/A
8.869
WA1
N/A
25.07
Volume2
N/A 133.7%
Turnover3
Modified Duration (Yrs): 8.362
Last
Date
High
Low
Q4
Q3
-
Q1
-
-
-
Q2
8.884
27-Feb
8.897
8.795
8.891
4.03
21.5%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
KREN01B
2.
KREN01C
Low
High
Weighted Avg.
Executed
Yield (%)
8.453
8.463
8.463
8.851
8.872
8.869
% of Total
Turnover
Ratio
(%)
8
0.01
16.70%
4.437
25
0.05
33.42%
8.362
33
0.06
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
KREN01B -
8
Q2-2007
Q3-2007
Q4-2007
Outstanding
-
Outstanding
--
45
KREN01C -
25
--
75
Outstanding
-
8
16
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
24
32
40
48
56
64
72
80
183
LPPI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
LONTAR PAPYRUS PULP & PAPER INDUSTRY
:
:
:
:
:
ADDRESS
Plaza BII, Menara 2 7th Floor
Jl. M.H. Thamrin No. 51, Jakarta
Phone : (021) 3929266 - 69
Fax : (021) 392-6179
idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian Rachmansjah Partawidjaja
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Change %
28,961
Cash & Cash Equivalents
255,028
Receivables
495,229
Inventories
866,680
Current Assets
5,458,446
Fixed Assets
979,203
Other Assets
8,775,405
Total Assets
3,695,855
Current Liabilities
1,738,928
Long Term Liabilities
5,434,783
Total Liabilities
Minority Interests
3,200,000
Authorized Capital
854,815
Paid up Capital
1
Paid up Capital (Shares)
1,000,000
Par Value
42,472
Retained Earnings
370,152,000
Total Equity
28,841
246,589
553,140
1,015,933
6,239,522
837,067
9,625,474
4,286,973
1,832,146
6,119,119
3,200,000
365,446
0.4
1,000,000
64,219
369,561
-0.42
-3.31
11.69
17.22
14.31
-14.52
9.69
15.99
5.36
12.59
N/A
-57.25
-57.25
51.20
-99.90
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,316,986
2,796,350
520,635
331,219
189,416
-120,573
68,843
48,951
19,893
12.57
15.45
-0.75
-11.17
24.85
58.89
N/A
-76.55
N/A
N/A
BALANCE SHEETS
PT Lontar Papyrus Pulp & Paper Industry is:
• One of the world’s largest vertically integrated pulp & tissue
companies.
• A major player in the primary markets of China, the Middle East,
Australia, USA, Taiwan, Japan and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its pulp and tissue
products.
• The direct employer of approximately 2,200 people.
• Committed to sustainability in all its operations.
PT Lontar Papyrus Pulp & Paper was established in Medan in 1974.
The Company is domiciled in Jambi, and its plant is located in Tebing
Tinggi, Jambi.
The main business activity of the Company is the production of pulp,
tissue and paper. The Company started production of paper in 1976,
pulp in 1994, and tissue in 1998, with a current total production capacity
of approximately 7,500 tons of paper, 680,000 tons of pulp, and 60,000
tons of tissue per annum.
The Company is a subsidiary of PT. Pindo Deli Pulp And Paper Mills,
which produces paper and tissue in Indonesia. Jointly, these companies
represent one of the largest vertically integrated producers of pulp,
paper and tissue in the world. The Company sells pulp and tissue
both domestically and through export. The Company directly employs
approximately 2,200 people.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2,946,690
2,422,120
524,569
372,859
151,710
-293,258
-141,548
208,757
-350,305
0.01
-3.99
-11.89
5.15
16.56 112,671.8
0.21
N/A
N/A
0.60
5.71
10.92
AS OF JUNE 2008
No.
1.
2.
184
Code
LPPI02A
LPPI02B
Series Name
I Tahun 2000 Seri A
I Tahun 2000 Seri B
Outstanding
(Rp Million)
325,000
500,000
Listing
Date
01-Oct-04
01-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
LPPI02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q2
Q1
-
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.346
Q4
Q3
-
9.455
14-Aug
9.455
9.455
9.455
5.21
5.6%
Q1
-
Q2
10.040
05-Mar
10.040
10.040
10.040
1.05
1.2%
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
LPPI02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
15.0
10.0
12.0
7.5
9.0
5.0
6.0
2.5
3.0
YEAR 2007
Executed
Yield (%)
Q1
Q3
Q2
14.343
29-Mar
14.343
14.343
1
14.343
WA
10.01
Volume2
8.0%
Turnover3
Modified Duration (Yrs): 1.842
-
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
10.040
05-Mar
10.040
10.040
10.040
1.50
1.2%
-
-
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
% of Total
Turnover
Ratio
(%)
5
0.01
1.49%
9.346
10
0.02
2.00%
1.842
TRADING VOLUME
No.
Code
1.
LPPI02A
9.455
9.455
9.455
2.
LPPI02B
14.343
14.343
14.343
15
0.03
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
LPPI02A 350
Outstanding
--
LPPI02B
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
185
LTLS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
LAUTAN LUAS TBK
:
:
:
:
:
ADDRESS
Graha Indramas, Jl. AIP II KS. Tubun Raya No.77
Jakarta - 11410
Phone : (021) 5367-7777
Fax : (021) 536-71120
idAWholesale (Durable & Non Durable Goods)
http://www.lautanluas.com
Herman Santoso
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT LAUTAN LUAS Tbk. Is a distributor of basic and specialty chemicals.
The Company was founded in 1951, as NV Lim Teck Lee Coy Ltd and
changed to its current name in 1965. The Company represents over 100
international principals, over 1,000 chemical products to more than 2,000
industrial customers throughout Indonesia and the Asia Pacific region.
To oversee its Distribution activities, the Company has five branch and
seven representative offices throughout Indonesia. For its international
markets, Lautan Luas has a regional subsidiary in Singapore and regional
offices in China, Thailand and Vietnam. Lautan Luas also has an affiliate
company to support Distribution activities in Indonesia, wherein the
Company hold minority stockholding.
The Company’s Manufacturing activities include 11 subsidiaries, wherein
Lautan Luas has majority stockholding, in Indonesia. In the region, Lautan
Luas participated in the establishment of five manufacturing facilities in
China and one in Vietnam through its Singapore regional subsidiary. The
Company also has six affiliate companies under Manufacturing.
Recently, the Company established a Support & Service line of
business in response to third party and internal requirements for value
add services. Subsidiaries under Support & Service include an R&D
applications laboratory, IT consultancy, supply chain services and water
treatment solutions.
PT LAUTAN LUAS Tbk is a publicly listed company on the Indonesia
Stock Exchange. In March 2008, the Company issued its third 5-year
corporate IDR bond.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
83,507
519,106
373,671
1,054,775
527,490
1,830,516
950,826
282,299
1,233,125
90,788
600,000
195,000
780
250
301,486
506,603
102,264
552,018
398,607
1,130,674
640,701
2,135,084
1,363,316
81,027
1,444,343
94,601
600,000
195,000
780
250
366,916
596,140
22.46
6.34
6.67
7.20
21.46
N/A
16.64
43.38
-71.30
17.13
4.20
21.70
17.67
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,413,259
2,051,762
361,497
273,479
88,018
-25,027
62,991
9,093
-24,221
29,677
2,712,536
2,195,855
516,681
328,348
188,333
-65,029
123,304
20,748
-30,886
71,670
12.40
7.02
42.93
20.06
113.97
-159.84
95.75
128.18
-27.52
141.50
2.43
1.62
1.23
3.65
2.42
3.36
2.64
6.94
-0.46
107.05
114.86
90.36
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
186
Code
LTLS03
Series Name
III Tahun 2008
Outstanding
(Rp Million)
500,000
Listing
Date
27-Mar-08
Maturity
Date
26-Mar-13
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.65%
26-Jun-08
26-Sep-08
26-Dec-08
26-Mar-09
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
LTLS03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.783
26-Mar
10.783
10.783
10.783
5.00
4.0%
10.937
17-Jun
10.937
10.238
10.937
41.03
32.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
187
MAIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
MALINDO FEEDMILL TBK
:
:
:
:
:
idA+(bg)
Animal Feed
Ong Beng Siong
Bank Permata Tbk
ADDRESS
Jl. R.S. Fatmawati No. 39, Komplek Duta Mas Fatmawati Blok A1 No. 30-31-32
Cipete Utara – Kebayoran Baru, Jakarta - 12150
Phone : (021) 722-8383
Fax : (021) 723-7778
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
7,325
98,742
35,517
175,929
157,694
342,757
158,097
12,219
170,316
58,587
33,900
339
100
100,477
172,441
8,592
126,596
95,813
288,221
195,129
504,827
295,041
22,076
317,117
58,587
33,900
339
100
115,746
187,710
17.30
28.21
169.77
63.83
23.74
N/A
47.28
86.62
80.67
86.19
N/A
15.20
8.85
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
893,494
763,033
130,461
55,665
74,796
-3,459
71,337
23,926
47,411
1,085,559
974,393
111,166
54,588
56,578
-15,069
41,509
13,358
28,151
21.50
27.70
-14.79
-1.94
-24.36
-335.63
-41.81
-44.17
N/A
-40.62
0.99
13.83
5.31
8.37
1.69
5.58
2.59
5.21
71.05
-59.69
-51.13
-37.74
BALANCE SHEETS
PT Malindo Feedmill Tbk (the Company) produces and trades animal
feed, particularly broiler breeder feed, broiler layer feed, layer breeder
feed and commercial Day Old Chicks (DOC). The Company also invests
in subsidiaries that produces and markets parent stock DOC, Commercial
DOC and Broiler chickens.
The Company was established in 1998, with the name of PT Gymtech
Feedmill Indonesia. The Company has legally changed its name to PT
Malindo Feedmill in 2000 and become a Public Company in 2006. The
Company keep made rapid expansion progress till today.
In 2000, the Company ventured into the business of feedmilling by
acquiring a 150,000 MTon annual production capacity. In 2001, the
Company further expanded its business by acquiring three existing
breeder farms measuring 80 hectares with total production capacity of
nearly 50 million DOCs. In 2003. the Company expanded to Surabaya
by acquiring one Feedmill with an annual capacity of 300,000 MTon and
one breeding farm. The Company has a wholly owned subsidiary PT
Bibit Indonesia, a producer and marketer of Parent Stock (PS) DOC.
In year 2007, the Company has completed its new breeding and hatchery
farm in Probolinggo and Pasuruan, this will give a total DOC capacity per
annum of 68 million chicks. Further to that, the Company also added
a new Grand Parent Stock (GPS) Farm in Majalengka and with these
additional Farm, the annual GPS production capacity raises to 1.8 million
PS DOC.
In August 2007, the Company has incorporated its broiler business
through its new subsidiary PT Prima Fajar. The main activities of PT
Prima Fajar is the cooperation with the local farmers to raise broiler
chicken (Plasma Farming) and the locations are in Bandung, Bogor,
Sukabumi and Serang with total annual capacity of 13.3 million broiler
birds.
In April 2008, the Company acquired 99.69% shares of PT Leong
Ayamsatu Primadona (LAP). LAP main business is produces and trades
DOC and broiler chickens with annual capacity of 62 million of DOC and
6 million broiler birds.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
188
Code
MAIN01
Series Name
I Tahun 2008
Outstanding
(Rp Million)
300,000
Listing
Date
10-Mar-08
Maturity
Date
06-Mar-13
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.80%
Rating
06-Jun-08
06-Sep-08
idA+(bg)
06-Dec-08
06-Mar-09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MAIN01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
175
10.0
140
8.0
105
6.0
70
4.0
35
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
9.126
30-Jun
9.126
9.076
9.126
158.37
211.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
189
MASP MASPION
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kembang Jepun No. 38-40
Surabaya 60162
Phone : (031) 353-1445, 354-1040
Fax : (031) 353-3055, 353-3218
idAHouseware
http://www.maspion.com
Welly Muliawan
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Maspion Tbk (MSPN) was established on February 10, 1971 and
based in Surabaya, East Java, is a producer variety of kitchenware,
plastic house wares, and electrical home appliances. The Company is a
flagship company of Maspion Group, which is also engaged in property,
banking, and other household products. The Company’s ultimate
shareholders consist of family members of Alim Husin, the founding
father of the Maspion Group.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
183,973
523,941
653,130
1,480,853
526,970
21,237
4,128,131
832,948
541,536
3,049,412
194
1,000,000
575,630
576
1,000
488,227
1,054,090
257,061
495,274
630,983
1,580,674
494,159
24,436
4,385,910
1,211,892
275,733
3,262,466
212
1,000,000
575,630
576
1,000
530,654
1,096,689
39.73
-5.47
-3.39
6.74
-6.23
15.06
6.24
45.49
-49.08
6.99
9.25
8.69
4.04
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,386,788
2,019,506
367,283
181,236
186,047
-134,087
46,032
23,202
-3,762
19,068
2,500,117
2,087,460
412,658
193,018
219,640
-156,548
63,440
31,423
-2,126
42,427
4.75
3.36
12.35
6.50
18.06
-16.75
37.82
35.43
43.50
122.51
2.89
0.46
0.80
7.79
2.97
0.97
1.70
8.79
2.83
109.43
112.42
12.70
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
190
Code
MASP01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
192,500
Listing
Date
11-Jul-03
Maturity
Date
08-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.50%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MASP01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
11.336 11.154
22-Feb 28-Jun
11.628 11.949
11.273 11.050
11.410 11.236
WA1
205.84 128.80
Volume2
427.7% 267.6%
Turnover3
Modified Duration (Yrs): 4.274
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.369
19-Sep
11.369
10.900
11.369
39.78
82.6%
11.230 10.773
18-Dec 28-Mar
11.416 10.931
11.135 10.631
11.416 10.789
11.36
49.15
23.6% 102.1%
3.301
20-Jun
3.551
3.088
3.313
42.43
88.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
MASP01XXBFTW
Low
High
10.900
11.949
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
386
0.74
200.40%
386
0.74
TRADING VOLUME
(Billion Rp)
11.416
TOTAL
Modified
Duration (Yrs)
End of Year
4.274
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q4-2007
206
MASP01XXBFTW
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
129
193
Outstanding
I N D O N E S I A
Q3-2007
40
11
-120
160
200
240
280
320
360
400
191
MAYA BANK MAYAPADA INTERNASIONAL TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
Baa1.id
Bank
http://www.bankmayapada.com
Bambang Raharjo
Bank Mega Tbk
PROFILE
PT Bank Mayapada International began operating as comercial bank
in 1990, Ander the notary act misahardi wilamarta no. 196/September
1989. bank mayapada legally stated by law ministry no. C2-25 HT.01.01.
TH90 on Januari 1oth, 1990.
Mayapada Bank received the permition as devisa bank in 1993 by
Indonesian central bank statement no.26/26/kep/dir, June 3th, 1993.
Strongly public support to integrirty and Mayapada Bank resources
strenghten the management’s need to enhance kind of services to the
Branco offices in java and bali. This rapid developement reflected the
dynamic and health of indonesian’s economic conditions.
ADDRESS
Mayapada Tower, Ground Floor
Jl. Jend. Sudirman Kav. 28, Jakarta - 12920
Phone : (021) 521-2288, 521-2300
Fax : (021) 521-1985, 521-1995
FINANCIAL HIGHLIGHT
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
18,649
196,677
81,061
2,493,172
213,683
51,962
3,699,865
3,023,143
17,619
93
15,973
3,328,594
650,000
284,129
1,288
500 & 100
70,701
371,271
Dec-2007
36,298
194,886
466,453
3,023,510
224,301
78,237
4,474,878
2,961,851
12,619
14,459
3,533,226
650,000
412,956
2,577
500 & 100
76,959
941,652
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
482,815
326,611
11,450
113,245
54,409
-1,510
52,899
16,714
36,185
497,385
275,950
11,392
174,122
58,705
242
58,947
18,202
40,744
3.02
-15.51
-0.51
53.76
7.90
N/A
11.43
8.90
N/A
12.60
8.97
0.98
7.49
11.27
3.75
0.91
8.19
11.80
-58.15
-6.90
9.30
4.74
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
192
Million Rp except Par Value
Change %
94.64
-0.91
475.43
21.27
N/A
4.97
50.57
20.95
-2.03
-28.38
-100.00
-9.48
6.15
N/A
45.34
100.00
8.85
153.63
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
MAYA01B
1.
2.
Subordinasi I Tahun 2005
4.
MAYA02B
II Tahun 2007 Seri B
MAYA02C
Subordinasi II Tahun
2007
45,500
50,000
II Tahun 2007 Seri A
MAYA02A
3.
Outstanding
(Rp Million)
300,000
150,000
Listing
Date
28-Feb-05
30-May-07
30-May-07
30-May-07
Maturity
Date
25-Feb-15
29-May-10
Issue
Term
Coupon
Structure
Coupon
Payment
Date
5/10 Years
Year 1: 13.00%; Year 2:
13.00%; Year 3: 13.50%;
Year 4: 14.00%; Year 5:
14.50%; Year 6-10: 18.00%
25-Feb-07
25-May-07
25-Aug-07
25-Nov-07
Baa1.id
Fixed: 11.75%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
A2.id
Fixed: 12.00%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
A2.id
3 Years
Rating
29-May-12
5 Years
29-May-17
29-Aug-07
Year 1-5: 12.50%; Year 5- 29-Nov-07
10 Years
6: 21.50%
29-Feb-08
29-May-08
Baa1.id
TRADING HIGHLIGHT
MAYA01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
35.0
12.5
28.0
10.0
21.0
7.5
14.0
5.0
7.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.811
-
Q4
10.427
05-Sep
10.427
9.522
9.525
30.55
268.5%
Q2
Q1
-
-
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
MAYA02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
8.685
N/A 26-Jun
8.685
N/A
N/A
8.679
8.682
N/A
WA1
N/A
4.01
Volume2
N/A 32.1%
Turnover3
Modified Duration (Yrs): 6.442
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
8.702
18-Sep
8.702
8.702
8.702
4.99
39.9%
8.601
29-Oct
8.609
8.601
8.605
5.05
40.4%
Q1
Q2
-
8.647
13-Jun
8.654
8.647
8.654
1.51
12.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
193
MAYA02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
8.799
N/A 25-Jun
N/A
8.813
N/A
8.799
1
N/A
8.799
WA
2
N/A
4.51
Volume
N/A
6.0%
Turnover3
Modified Duration (Yrs): 8.798
Last
Date
High
Low
Q3
Q4
Q1
8.813
18-Jul
8.813
8.813
8.813
4.00
5.3%
8.771
28-Dec
8.771
8.718
8.723
8.05
10.7%
Q2
-
8.813
26-Jun
8.813
8.640
8.646
6.62
8.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MAYA02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.046
N/A 19-Jun
N/A
9.046
N/A
9.046
N/A
9.046
WA1
N/A
20.60
Volume2
N/A 54.9%
Turnover3
Modified Duration (Yrs): 8.689
Last
Date
High
Low
Q4
-
Q1
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
MAYA01B
9.522
10.427
9.525
31
0.06
67.13%
7.811
2.
MAYA02A
8.601
8.702
8.605
14
0.03
28.09%
6.442
3.
MAYA02B
8.718
8.813
8.723
17
0.03
5.52%
8.798
4.
MAYA02C
9.046
9.046
9.046
21
0.04
13.73%
8.689
82
0.16
Executed Yield (%)
Low
TOTAL
194
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MAYA01B -
31
Q3-2007
Q4-2007
Outstanding
46
Outstanding
Q2-2007
--
MAYA02A - 4 5 5
50
Outstanding
--
MAYA02B - 5 4 8
300
Outstanding
MAYA02C -
21 150
Outstanding
-
30
60
-90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
S T O C K
E X C H A N G E
120
150
180
210
240
270
300
330
195
MEDC MEDCO ENERGI INTERNASIONAL TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idAACrude Petroleum & Natural Gas Production
http://www.medcoenergi.com/
Cisca Alimin
Bank Niaga Tbk
ADDRESS
Graha Niaga Building, 16th Fl. Jl. Jend. Sudirman No. 58
Jakarta - 12190
Phone : (021) 250-5459
Fax : (021) 250-5694, 250-5536
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Medco Energi Internasional Tbk is an Indonesia-based integrated
energy company. The Company is engaged in oil and gas exploration
and production, drilling services, methanol production and the power
generation industry.
The Company has three business areas: oil and gas exploration and
production, onshore and offshore drilling services and methanol
production and sales. Through PT Exspan Nusantara, its primary oil and
gas exploration and production business, the Company oversees over
17 operating blocks comprise 12 exploration blocks and four producing
blocks within its working area.
Through PT Apexindo Pratama Duta Tbk, the Company provides
integrated oil and gas drilling services. In addition, the Company
embarked on downstream activities through its subsidiary, PT Medco
Methanol Bunyu, which is set up to operate a methanol plant under a
20-year joint management agreement with Pertamina, a state owned oil
company. The Company is headquartered in Jakarta, Indonesia.
.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
47.63
55.71
39.44
36.84
12.61
47.23
21.70
57.10
25.16
31.90
8.39
0.43
2.19
1,699,578 2,509,015
1,725,936 2,687,386
437,725
610,350
5,115,672 7,000,537
4,237,543 4,771,745
253,559
373,313
16,620,285 20,227,590
2,263,951 3,556,598
8,412,913 10,529,414
10,684,977 14,093,965
1,099,192 1,191,440
400,000
400,000
333,245
333,245
3,332
3,332
100
100
2,691,631 2,703,079
4,836,116 4,942,184
7,151,460 9,248,295
29.32
4,557,149 5,779,390
26.82
2,594,310 3,468,906
33.71
969,636 1,255,633
29.50
1,624,674 2,213,273
36.23
-94,487 -1,160,690 -1,128.41
1,530,187 1,052,583
-31.21
-25.28
1,074,325
802,760
-111,374
-188,180
-68.96
-82.11
344,488
61,643
2.21
2.07
4.82
22.72
2.85
0.30
0.67
23.93
29.07
-85.30
-86.16
5.34
AS OF JUNE 2008
No.
1.
196
Code
MEDC01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
1,350,000
Listing
Date
13-Jul-04
Maturity
Date
12-Jul-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.125%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
Rating
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MEDC01
Trading Volume
(Rp Billion)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
10.092
9.992
9.954
29-Mar 28-Jun 28-Sep
10.434 10.234 10.985
10.054
9.936
9.700
10.319 10.091
9.936
WA1
521.24 507.74 457.74
Volume2
154.4% 150.4% 135.6%
Turnover3
Modified Duration (Yrs): 4.131
Last
Date
High
Low
Q4
Q1
Q2
10.241
28-Dec
10.330
9.989
10.097
230.69
68.4%
10.127 10.149
28-Mar 26-Jun
10.623 10.436
10.044
9.924
10.127 10.077
263.18 655.76
78.0% 194.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
MEDC01
9.700
10.985
10.097
Executed Yield (%)
TOTAL
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
3.309
127.21%
4.131
TRADING VOLUME
(Billion Rp)
1,717.4
1,717.4
3.309
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
521
MEDC01
Q3-2007
508
Q4-2007
458
1,350
Outstanding
-
200
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
600
Outstanding
231
--
800
1,000
1,200
1,400
1,600
1,800
2,000
197
MEGA BANK MEGA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Bank Mega
Jl. Kapten Tendean 12 - 14A, Jakarta - 12970
Phone : (021) 7917-5000
Fax : (021) 7917-5015, 7918-7100
A(idn)
Bank
http://www.bankmega.com/
Dony Oskaria
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Mega is originally named Bank Karman which formed in 1969 and
located in Surabaya; in 1996 it was acquired by the Para Group and
changed the logo to further improve the image and establishing the bank
in the public mind as a trusted financial institution. In 2000 to improve
the capital structure, Bank Mega undertook an Initial Public Offering by
offering its shares to the public. Bank Mega has received a license from
Bank Indonesia as a Foreign Exchange Bank, enabling a widening of its
business operations. Bank Mega, known to the public through its slogan
“Mega Tujuan Anda” (Your Grand Design), developed strongly and in a
focused manner to become a well known financial institution capable
of ranking with major banks in the Asia Pacific. In its efforts to realize
a level of performance in line with the significance of its name, Bank
Mega relies on professionalism, transparency and prudential standards
in terms of its strong capital structure and up-to-date banking products
and facilities. With the vision of “Pride of the Nation” Bank Mega has
realized a number of Company strategies aimed at achieving strong
growth and development. In the conduct of its operations, the Company
has continued to improve the quality of its products and services in order
to be able to compete on a level with banks recognized across the Asia
Pacific. Bank Mega’s products and services include Personal, which
consists of savings, lending, credit cards, e-banking and special services;
Corporate, which comprises corporate savings, corporate lending,
special financing and corporate services; treasury, which includes bank
notes, currency swaps and general foreign exchange; trade Finance,
which consists of money transfer, letters of credit, bank guarantees and
standby letters of credit, and Private Banking. Headquartered in Jakarta,
Indonesia, as of September 2008 Bank Mega’s network has reached 76
branch, 106 sub branch and one cash outlet.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
301,734
1,056,456
14,728,533
10,839,026
674,675
357,208
30,972,910
28,052,768
64,363
135,045
259,867
29,038,609
900,000
812,722
1,625.44
500
334,180
1,934,301
Dec-2007
532,011
1,259,660
14,549,382
13,843,320
753,647
428,035
34,907,728
30,605,842
84,663
422,685
144,697
31,968,591
900,000
812,722
1,625.44
500
854,899
2,939,137
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
3,037,829
2,292,312
117,478
584,821
227,913
-5,929
221,984
70,286
151,698
3,343,898
1,953,050
245,067
789,492
746,116
-96
746,020
225,301
520,719
10.08
-14.80
108.61
35.00
227.37
98.38
236.07
220.55
N/A
243.26
15.01
0.49
4.99
7.50
10.88
1.49
15.57
22.31
-27.55
204.57
211.84
197.40
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
76.32
19.23
-1.22
27.72
N/A
11.71
19.83
12.70
9.10
31.54
213.00
-44.32
10.09
N/A
155.82
51.9
AS OF JUNE 2008
No.
1.
198
Code
MEGA01
Series Name
subordinasi Tahun 2007
Outstanding
(Rp Million)
1,000,000
Listing
Date
16-Jan-08
Maturity
Date
15-Jan-18
Issue
Term
Coupon
Structure
10 Years
Coupon
Payment
Date
15-Apr-08
Year 1-5: 11.50%; Year 6- 15-Jul-08
10: 21.50%
15-Oct-08
15-Jan-09
Rating
A(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MEGA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.187
27-Mar
10.269
9.123
9.187
91.35
36.5%
9.070
18-Jun
9.106
9.051
9.103
111.39
44.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
199
MLSS MULIAGLASS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma Mulia 53th Floor
Jl. Jend. Gatot Subroto No. 42, Jakarta - 12710
Phone : (021) 520-0959
Fax : (021) 520-0763
N.A
Ceramics, Glass, Porcelain
Nilakusuma Dewayani
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
BALANCE SHEETS
PT Muliaglass was founded in October 6th 1989. Its office and factory
are located at Cikarang West Bekasi, West Java.
According to its by law, the company’s main business is producingg
glass products, bottles, and glass blocks. The company began its main
operation since May 1st 1993.
Million Rp except Par Value
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
31,846
32,619
427,008
582,221
330,006
362,484
976,025 1,129,904
1,518,288 1,469,640
1,810
1,864
2,576,622 2,685,837
3,349,920 3,716,132
60,418
86,254
3,410,338 3,802,385
500,000
500,000
464,000
464,000
464
464
1,000
1,000
-1,351,716 -1,634,548
-833,716 -1,116,548
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,427,717
1,400,677
27,040
242,707
-215,668
125,826
-89,842
7,061
-96,903
1,661,463
1,401,992
259,471
256,950
2,522
-289,360
-286,838
-4,006
-282,832
16.37
0.09
859.59
5.87
N/A
N/A
-219.27
N/A
N/A
-191.87
-4.09
-3.76
-6.79
-15.11
-3.41
-10.53
-17.02
0.15
16.75
-180.00
-150.81
N/A
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.43
36.35
9.84
15.77
-3.20
3.02
4.24
10.93
42.76
11.50
N/A
-20.92
-33.92
AS OF JUNE 2008
No.
1.
2.
200
Code
MLSS01ASBVTW
MLSS01BSBVTW
Series Name
I Senior A Tahun 2000
I Senior B Tahun 2000
Outstanding
(Rp Million)
17,382
10,800
Listing
Date
21-Dec-00
21-Dec-00
Maturity
Date
31-Oct-07
31-Oct-07
Coupon
Payment
Date
Issue
Term
Coupon
Structure
7 Years
From 15.00% to 18.00%
p.a.
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
N.A
From 15.00% to 18.00%
p.a.
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
N.A
7 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MLSS01ASBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
MLSS01BSBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
MLSS01ASBVTW
2.
MLSS01BSBVTW
Low
High
-
-
-
-
-
-
TRADING VOLUME
(Billion Rp)
% of Total
-
TOTAL
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
-
-
-
-
-
-
-
-
-
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
MLSS01ASBVTW 17
Outstanding
--
MLSS01BSBVTW 11
Outstanding
-
2
4
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
-6
8
10
12
14
16
18
20
201
MPPA MATAHARI PUTRA PRIMA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Matahari- Lippo Life 20th Fl., Boulevard Palem Raya 7
Karawaci, Tangerang - 15811
Phone : (021) 546-9333, 547-5333
Fax : (021) 547-5757
idA+
Retail Trade
http://www.matahari.co.id/
Lina Latif
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Matahari is Indonesia’s largest multi-format modern retailer, whose focus
is to serve the most potential middle - middle upper customers spread
throughout the nation’s archipelago. Established in 1958, Matahari has
been evolving from a small store selling children clothing in Pasar Baru,
Jakarta to become a national retail giant with more than 285 stores
spread over 50 cities around Indonesia.
Through the knowledge and experience in doing retail business for
the past 50 years, Matahari’s vision is to become a prominent market
leader nationally and to be recognized as a well-respected retail player
internationally. Matahari is committed to spearhead a continuing growth
in the future, whilst at the same time, plays an active role to the economy,
social and cultural development of Indonesia
Supporting this vision, Matahari’s mission is to become the premier
choice of shopping to its customers, and dominates the middle-middle
upper segment through its core retail businesses, Matahari Department
Stores (MDS) & Matahari Food Business (MFB) as well as its subsidiaries
operation, Timezone & Times Bookstores.
To carry out this objective, Matahari offers a wide variety of products,
which includes both domestic and international brands, as well as the
emerging popularity of private brands, whose quality is getting more
recognized by the consumers nowadays. Although the main contribution
still come from fashion clothing business, Matahari also offers other
products suitable for its customers’ tastes, such as shoes, bags,
accessories, cosmetics, toys and household items. More importantly,
our hypermart & foodmart division also offers a full range of daily needs
to complement the one stop shopping concept, ranging from groceries,
toiletries to perishable goods
.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,230,858
218,000
790,945
2,468,444
2,005,128
208,458
6,055,088
1,526,078
2,301,312
3,827,390
62,108
5,400,000
1,352,997
2,706
500
941,076
2,165,590
2,763,702
227,741
906,377
4,426,455
1,696,599
275,556
8,403,470
1,969,406
3,130,036
5,099,442
58,861
5,400,000
2,355,961
4,712
500
1,074,328
3,245,167
124.53
4.47
14.59
79.32
-15.39
32.19
38.78
29.05
36.01
33.24
-5.23
74.13
74.13
14.16
49.85
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
8,487,654
6,177,367
2,310,287
1,908,920
401,367
-211,699
195,730
38,219
2,985
160,496
9,768,075
7,188,981
2,579,094
2,171,086
408,008
-202,629
213,707
36,763
3,247
180,191
15.09
16.38
11.64
13.73
1.65
4.28
9.18
-3.81
8.78
12.27
1.77
2.65
1.89
4.73
1.57
2.14
1.84
4.18
-11.09
-19.10
-2.45
-11.67
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
202
Code
Series Name
MPPA02A
II Tahun 2004
MPPA02B
Syariah Ijarah I Tahun
2004
Outstanding
(Rp Million)
300,000
150,000
Listing
Date
12-May-04
12-May-04
Maturity
Date
11-May-09
11-May-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
Fixed: 13.80%
5 Years
Ijarah Fee 13.80%
11-Feb-07
11-May-07
11-Aug-07
11-Nov-07
Rating
idA+
11-Feb-07
11-May-07
idA+(sy)
11-Aug-07
11-Nov-07
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MPPA02A
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
8.921
9.090
9.087
27-Feb 28-Jun 14-Sep
9.087
9.106
9.259
8.857
8.851
8.911
8.878
8.980
8.927
WA1
32.59
59.77 185.40
Volume2
43.5% 79.7% 247.2%
Turnover3
Modified Duration (Yrs): 8.112
Last
Date
High
Low
Q4
Q1
Q2
8.932
12-Dec
9.068
8.893
8.896
59.50
79.3%
8.959
9.082
31-Mar 20-Jun
9.188
9.081
8.885
8.879
9.072
9.080
40.71 199.67
54.3% 266.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MPPA02B
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.149
9.173
23-Mar 25-Jun
9.149
9.174
9.023
9.082
1
9.138
9.082
WA
16.18
10.65
Volume2
43.2% 28.4%
Turnover3
Modified Duration (Yrs): 7.132
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.100
25-Sep
9.137
9.038
9.100
7.21
19.2%
9.056
26-Dec
9.134
8.947
9.099
27.66
73.8%
9.022
24-Mar
9.090
9.009
9.022
11.37
30.3%
9.028
25-Jun
9.237
8.932
8.987
16.79
44.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Code
No.
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
MPPA02A
8.851
9.259
8.896
337
0.65
112.42%
8.112
2.
MPPA02B
8.947
9.174
9.099
62
0.12
41.14%
7.132
399
0.77
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MPPA02A
33
Q2-2007
Q3-2007
60
Q4-2007
Outstanding
185
Outstanding
59
--
300
16
MPPA02B
11 7
28
--
150
Outstanding
-
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
105
140
175
210
245
280
315
350
203
MYOR MAYORA INDAH TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Tomang Raya No. 21 - 23
Jakarta
Phone : (021) 565-5311, 565-5314
Fax : (021) 565-5323
idA+
Food And Beverages
http://www.mayora.co.id
Andi Laurus
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Mayora Indah Tbk. Produces biscuits, cookies and sweets. Founded
in 1977, it took over PT Unita Branindo in 1990, a wafer and chocolate
manufacturer also owned by the company founder. Ever since the take
over, the company has owned seven location of factories in Tangerang,
Bekasi and Surabaya.
As of today, PT Mayora Indah Tbk has 6 (six) divisions which manufacture
various yet integrated products consisting of:
DIVISION
Biscuit
Candy
Wafer
Chocolate
Coffee
Health Food
TRADE MARK
Roma, Danisa, Better, Slai O Lai
Kopiko, Milko, Kis, Tamarin
Beng Beng, Astor, Roma Wafer Coklat
Choki-choki, Danisa
Torabika Duo, Torabika Duo Susu, Torabika Moka,
Torabika 3 in One, Torabika Cappuccino
Energen Cereal
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
54,255
459,085
230,681
796,223
738,125
1,553,377
203,673
358,772
563,333
20,567
1,500,000
383,292
767
500
521,928
969,476
120,002
585,999
266,716
1,043,843
774,390
1,893,175
356,123
428,911
785,784
25,596
1,500,000
383,292
767
500
636,687
1,081,795
121.18
27.65
15.62
31.10
4.91
N/A
21.87
74.85
19.55
39.49
24.45
21.99
11.59
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,971,513
1,464,582
506,931
336,026
170,905
-29,161
141,744
43,835
-4,333
93,576
2,828,440
2,199,880
628,560
389,846
238,713
-28,885
209,828
63,210
-5,029
141,589
43.47
50.21
23.99
16.02
39.68
0.94
48.03
44.20
-16.04
51.31
0.58
6.02
4.75
8.67
0.73
7.48
5.01
8.44
25.01
24.15
5.47
-2.64
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
204
Code
MYOR02XXBFTW
MYOR03
Series Name
II Tahun 2003
III Tahun 2008
Outstanding
(Rp Million)
200,000
100,000
Listing
Date
16-Jul-03
06-Jun-08
Maturity
Date
11-Jul-08
05-Jun-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.00%
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idA+
Fixed: 13.75%
05-Sep-08
05-Dec-08
05-Mar-09
05-Jun-09
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
3.
Sukuk Mudharabah I
Tahun 2008
SMKMYOR01
200,000
06-Jun-08
05-Jun-13
05-Sep-08
05-Dec-08
idA+ (sy)
05-Mar-09
05-Jun-09
Nisbah of Revenue
Sharing: 55.00%
5 Years
TRADING HIGHLIGHT
MYOR02XXBFTW
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
Q1-Q2 2008
Q3
Q4
11.003 10.625 10.726 10.650
25-Jan 26-Jun 19-Sep 26-Dec
11.106 10.867 10.847 10.837
10.729 10.535 10.512 10.634
1
10.863 10.535 10.726 10.775
WA
57.22
58.47
16.02 141.76
Volume2
116.9% 32.0% 283.5% 114.4%
Turnover3
Modified Duration (Yrs): 3.695
Last
Date
High
Low
Q1
Q2
10.254
18-Mar
10.482
10.132
10.273
33.48
67.0%
3.438
25-Jun
3.527
3.305
3.438
7.32
14.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MYOR03
Trading Volume
(Rp Billion)
2.50
12.5
2.00
10.0
1.50
7.5
1.00
5.0
0.50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.952
09-Jun
9.952
9.952
9.952
2.00
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SMKMYOR01
No Transaction in Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
1.
Code
MYOR02XXBFTW
Low
High
10.512
11.106
% of Total
Turnover
Ratio
(%)
273
0.53
136.73%
273
0.53
TRADING VOLUME
(Billion Rp)
10.775
TOTAL
Modified
Duration (Yrs)
End of Year
3.695
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MYOR02XXBFTW
Q2-2007
58
16
Q4-2007
57
200
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
142
Outstanding
I N D O N E S I A
Q3-2007
90
-120
150
180
210
240
270
300
205
NEFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
NEWERA FOOTWEAR INDONESIA
:
:
:
:
:
ADDRESS
Jl. Permata Juanda, West Wing Super Bok B 3-7
Sidoarjo 61253, Jawa Timur
Phone : (031) 868-8888
Fax : (021) 868-9999
N.A
Footwear
Willy Budiono
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Newera Footwear Indonesia Tbk was etablished on November 5,
1996, located in Gresik, East Java – Indonesia. The Company’s line of
business is focusing on footwear such as shoes, sandals, especially
for sport touring, shopping and relaxing. The Company’s has 8 sole
distributors and more than 100 agents spreading in Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
115
42,737
88,174
133,504
57,984
218,763
89,771
29,790
119,561
330
400,000
103,000
0.10
1,000,000
23,868
98,872
352
35,023
83,403
119,439
48,775
206,439
91,977
29,790
121,767
344
400,000
103,000
0.10
1,000,000
-4,128
84,328
205.89
-18.05
-5.41
-10.54
-15.88
N/A
-5.63
2.46
1.84
4.38
N/A
-14.71
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
72,893
79,383
-6,490
13,665
-20,155
-19,468
-39,623
-11,609
18
-27,996
67,623
68,684
-1,062
21,085
-22,147
-1,059
-23,206
-8,677
-14
-14,544
-7.23
-13.48
83.64
54.30
-9.88
94.56
41.43
25.26
N/A
48.05
1.21
-12.80
-38.41
-27.65
1.44
-7.05
-21.51
-32.75
19.41
44.95
44.00
-18.45
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
206
Code
NEFI01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
31,500
Listing
Date
21-Nov-03
Maturity
Date
20-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 15.50%
20-Feb-07
20-May-07
20-Aug-07
20-Nov-07
Rating
N.A
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
NEFI01XXBFTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
NEFI01XXBFTW
Low
High
-
-
TRADING VOLUME
(Billion Rp)
-
TOTAL
% of Total
-
-
-
-
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
-
-
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
NEFI01XXBFTW 32
Outstanding
-
5
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
15
-20
25
30
35
40
45
50
207
NISP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK NISP TBK
:
:
:
:
:
ADDRESS
Bank NISP Tower
Jl. Prof. Dr. Satrio Kav. 25, Jakarta - 12940
Phone : (021) 2553-3888
Fax : (021) 5794-4000
idA+
Bank
http://www.banknisp.com
Alfatihatmy
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank NISP Tbk. (“Bank NISP” or the “Bank”) is the fourth oldest
bank in Indonesia, dating back to April 4, 1941, when it was established
in Bandung under the name of NV Nederlandsch Indische Spaar En
Deposito Bank.
Bank NISP slowly but surely evolved into a solid and reliable bank,
catering mainly to the Small and Medium Enterprise (SME) segment. It
became a commercial bank in 1967, a licensed foreign exchange bank in
1990, and a publicly listed bank on Indonesia Stock Exchange in 1994.
In the late nineties, the Bank successfully weathered the Asian .financial
crisis and subsequent collapse of the banking sector in Indonesia, without
Government recapitalization bonds. In fact, Bank NISP became one of
the few banks in the country to resume large-scale lending immediately
following the crisis.
The initiative paved the way for the Bank’s unprecedented rise in the new
millennium. Total assets tripled between 2001 and 2005, and continued
to grow robustly.
OCBC Bank-Singapore had become the controlling shareholder of
the Bank by owning 74.73% shares of Bank NISP through a series of
acquisition since 2004.
With the support from OCBC Bank-Singapore, Bank NISP embarked
on an ambitious expansionary program to position itself as a National
Bank.
In 2006, the Bank moved its new Headquarters to Bank NISP Tower, in
the center of Jakarta.
In 2007, Bank NISP continues to put significant investments in
infrastructure, including human resources, information technology and
branch network. By 2007, the Bank has 352 of .offices in 55 cities.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
318,696
611,016
4,736,266
15,410,325
60,644
603,209
471,854
24,205,990
19,627,127
60,229
513,500
21,751,058
1,200,000
616,996
4,935.97
125
1,084,677
2,454,932
Dec-2007
616,441
1,408,604
3,853,184
18,857,535
67,880
729,765
812,296
28,969,069
22,417,770
65,100
802,764
567,600
25,600,443
1,200,000
726,822
5,814.57
125
1,334,661
3,368,626
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
2,540,496
1,635,375
215,959
790,085
330,995
1,883
332,878
95,843
237,035
2,623,282
1,444,965
335,617
1,164,587
349,347
2,546
351,893
101,809
250,084
3.26
-11.64
55.41
47.40
5.54
35.21
5.71
6.22
N/A
5.51
8.86
0.98
9.33
13.03
7.60
0.86
9.53
13.32
-14.23
-11.84
2.18
2.21
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
93.43
130.53
-18.65
22.37
11.93
20.98
72.15
19.68
14.22
8.09
56.33
N/A
17.70
N/A
17.80
17.80
23.05
37.2
AS OF JUNE 2008
No.
1.
208
Code
Series Name
NISP02
Subordinasi II Tahun
2008
Outstanding
(Rp Million)
600,000
Listing
Date
12-Mar-08
Maturity
Date
11-Mar-18
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
Year 1-5: Fixed: 11.10%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
Rating
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
NISP02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
8.908
9.610
N/A 06-Mar 26-Jun
N/A
8.911
9.841
N/A
8.902
8.918
8.907
N/A
8.972
N/A 177.04 434.83
N/A 118.0% 289.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
209
OTMA OTO MULTIARTHA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Summitmas II, 18th Floor
Jl. Jend. Sudirman Kav. 61 - 62, Jakarta - 12190
Phone : (021) 522-6410
Fax : (021) 522-6424
idA+
Financial Institution
http://www.oto.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT OTO MULTIARTHA (OMA) is one of Indonesia’s leading independent,
non-captive, automotive finance companies. OMA was incorporated in
Jakarta as PT Manunggal Multi Finance on 28 March 1994. In September
1995 OMA changed its name to PT Oto Multiartha as a reflection of its
business focus in automobile financing.
In 1996, Sumitomo Corporation, Japan acquired a majority stake in OMA.
Sumitomo Corp is a Japanese integrated business enterprise which
has subsidiaries and affiliates throughout the world. With the support
of Sumitomo Corp, OMA has grown extensively, doubling its number of
total car financing.
OMA’s main business is financing the purchase of new and used
automobiles. As OMA has no affiliation to any car distributors, OMA has
flexibility to finance most brands of cars in the market. OMA has been
able to enjoy the strong growth of the Indonesian domestic car market
over the last few years.
Currently OMA has an extensive network in 31 major Indonesian cities
with a total of 44 branches and marketing points. In looking to provide
a “one-stop-service” to its customers, OMA developed a web site (www.
oto.co.id) which has been recognized as the first Automotive Portal in
Indonesia.
Today OMA has been able to maintain its position as one of the leading
players in Indonesia car financing business.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
120,653
320,822
12,699
21,876
Other Recievables
Consumer Financing
3,521,222 5,224,461
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
99,475
92,144
Other Assets
113,324
64,062
Total Assets
4,157,133 5,914,564
Fund Borrowings
2,097,655 3,732,614
Taxes Payable
26,105
13,150
Total Liabilities
3,243,503 4,819,215
95
95
Authorized Capital (Shares
Authorized Capital
500,000
500,000
Paid up Capital
325,000
325,000
Paid up Capital (Shares)
55
55
Par Value
1,000 & 10,000 1,000 & 10,000
Retained Earnings
642,192
812,207
Total Equity
913,629 1,095,349
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
165.90
72.27
48.37
N/A
-7.37
-43.47
42.28
77.94
-49.62
48.58
26.47
19.89
1,052,537
868,608
183,929
1,177,915
931,998
245,917
11.91
7.30
N/A
33.70
51,485
132,444
75,902
170,016
47.42
28.37
3.55
3.19
12.58
17.47
4.40
2.87
14.43
20.88
23.93
-9.78
14.70
19.47
AS OF JUNE 2008
No.
1.
2.
210
Code
OTMA05A
OTMA05B
Series Name
V Tahun 2007 Seri A
V Tahun 2007 Seri B
Outstanding
(Rp Million)
200,000
500,000
Listing
Date
20-Jun-07
20-Jun-07
Maturity
Date
19-Jun-09
19-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
24 Months
36 Months
Rating
Fixed: 9.40%
19-Sep-07
19-Dec-07
19-Mar-08
19-Jun-08
idA+
Fixed: 10.30%
19-Sep-07
19-Dec-07
19-Mar-08
19-Jun-08
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
OTMA05A
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.378
N/A
N/A 18-Jun
N/A
8.378
N/A
8.378
N/A
8.378
WA1
N/A
35.03
Volume2
N/A 70.1%
Turnover3
Modified Duration (Yrs): 5.582
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.381
02-Jul
8.381
8.381
8.381
40.01
80.0%
8.259
05-Dec
8.379
8.259
8.259
17.17
34.3%
8.557
8.256
04-Mar 21-May
8.697
8.256
8.316
8.256
8.256
8.697
4.54
26.87
9.1% 53.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
OTMA05B
Trading Volume
(Rp Billion)
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
Q1
Q4
N/A
9.064
8.972
9.004
N/A 29-Jun 27-Sep 11-Dec
N/A
9.077
9.008
9.019
N/A
8.971
8.971
8.926
8.983
9.062
N/A
8.997
WA1
N/A
64.51 280.34 437.64
Volume2
N/A 51.6% 224.3% 350.1%
Turnover3
Modified Duration (Yrs): 4.076
Last
Date
High
Low
Q2
9.071
8.969
11-Mar 25-Jun
8.981
9.237
8.878
9.009
8.969
9.236
118.05 207.73
94.4% 166.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
No.
Code
1.
OTMA05A
8.259
8.381
8.259
92
0.18
46.11%
5.582
2.
OTMA05B
8.926
9.077
8.983
782
1.51
156.50%
4.076
875
1.69
TOTAL
(Billion Rp)
% of Total
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
OTMA05A - 35
Q3-2007
65
280
438
--
500
Outstanding
80
160
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
--
200
-
Q4-2007
40 17
Outstanding
OTMA05B -
Q2-2007
S T O C K
E X C H A N G E
240
320
400
480
560
640
720
800
211
PANS PANIN SEKURITAS TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Indonesia Stock Exchane Building Tower II, 17th Fl. Suite 1705
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-3055
Fax : (021) 515-3061
A1.id
Securities Company
http://www.paninsekuritas.com
Prama Nugraha
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Panin Sekuritas Tbk (PANS) was established on July 27, 1989 located
in Jakarta under the name of PT Panin Sekuritasindo. The Company is a
subsidiary of PT Bank Panin Tbk, one of the leading financial institutions
in Indonesia.
The Company was going public and listed its shares at the Jakarta Stock
Exchange in 2000. The Company issued Rp 100 billion bonds in 2003,
Rp 75 billion bonds in 2005, Rp 200 billion in 2007 and listed these bonds
at Surabaya Stock Exchange.
The Company has 6 branches network consists of 3 branches in Jakarta
(Pluit, Kelapa Gading and Kebon Jeruk), 1 branch in Medan, Bandung
and Surabaya.
The Company has vision to become a leading and trusted securities
company in capital market which will deliver optimal financial solutions to
its customers. The services include stock brokerage, margin financing,
fixed income trading, underwriting, financial advisory, fund management
as well as research.
Equity Division provides services to clients in stock brokerage, supported
by the latest research and accurate executions of orders. The Company
is the first securities company which obtained the licensed to provide
margin trading facility for equity trading in the Jakarta Stock Exchange.
Fixed Income Division mainly serves local and international clients.
The instruments and services available to clients include corporate and
government bonds as well as commercial papers.
Corporate Finance business has been active in underwriting for initial
public offering of bonds and equities, financial advisory and private
placement.
Asset Management business has transformed itself into one of the
largest investment managers in Indonesia. First participation in the asset
management industry was marked by the launching of three mutual funds
in 1997. To date the Company has launched 17 mutual funds comprise
of equity funds, fixed income funds, balances funds, protected funds and
US Dollar denominated funds.
.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
5,509
1,415
-
17,854
2,958
-
Change %
224.07
108.99
N/A
43,592
16,965
190,553
2,789
888
781,413
40,748
112,419
323,447
2,712
888
1,298,151
140,350
157.89
-100.00
69.74
-2.75
0.06
66.13
244.43
325,647
571,379
958
160,000
90,000
360
250
114,490
209,075
453,569
1,011,812
1,143
160,000
90,000
360
250
190,610
285,196
N/A
39.28
77.08
19.30
66.49
36.41
144,061
30,065
113,996
-48,800
65,196
2,501
-236
62,459
220,656
49,476
171,181
-70,043
101,137
14,032
-185
86,921
53.17
64.56
50.16
-43.53
55.13
461.15
21.67
39.16
2.73
7.99
43.36
79.13
3.55
6.70
39.39
77.58
29.82
-16.23
-9.14
-1.96
AS OF JUNE 2008
No.
1.
2.
212
Code
PANS01XXBFTW
PANS03
Series Name
I Tahun 2003
III Tahun 2007
Outstanding
(Rp Million)
100,000
200,000
Listing
Date
19-Sep-03
18-Jun-07
Maturity
Date
18-Sep-08
15-Jun-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 14.25%
18-Mar-07
18-Jun-07
18-Sep-07
18-Dec-07
A1.id
Fixed: 11.75%
15-Sep-07
15-Dec-07
15-Mar-08
15-Jun-08
A1.id
(A+)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PANS01XXBFTW
Trading Volume
(Rp Billion)
3.50
12.5
2.80
10.0
2.10
7.5
1.40
5.0
0.70
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.181
Q1-Q2 2008
-
Q4
11.230
20-Sep
11.571
11.230
11.571
3.04
12.2%
Q1
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PANS03
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.681
9.591
N/A 26-Jun 28-Sep
9.683
N/A
9.683
N/A
9.681
9.591
N/A
9.681
9.683
WA1
N/A
45.00
74.31
Volume2
N/A 90.0% 148.6%
Turnover3
Modified Duration (Yrs): 9.049
Last
Date
High
Low
Q4
Q1
Q2
9.580
26-Dec
9.580
9.580
9.580
10.02
20.0%
9.594
12-Feb
9.598
9.594
9.594
7.00
14.0%
9.683
11-Apr
9.683
9.683
9.683
7.00
14.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PANS01XXBFTW
2.
PANS03
Weighted Avg.
Executed
Yield (%)
Low
High
11.230
11.571
11.571
9.580
9.683
9.580
% of Total
Turnover
Ratio
(%)
0.01
3.04%
7.181
129
0.25
64.67%
9.049
132
0.26
TRADING VOLUME
(Billion Rp)
3
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PANS01XXBFTW 100
Outstanding
PANS03 -
--
45
74
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
10
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
213
PIDL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PINDO DELI PULP AND PAPER MILLS
:
:
:
:
:
ADDRESS
Plaza BII Menara II, 7th Floor
Jl. MH. Thamrin Kav. 51, Jakarta - 10350
Phone : (021) 3929266-69
Fax : (021) 392-6179
idD
Pulp & Paper
Agustian Rachmansjah Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Pindo Deli Pulp And Paper Mill is:
• One of the world’s largest vertically integrated manufacturers of
paper, specialty paper, and tissue.
• A major player in prime markets in Indonesia, the Middle East,
Europe, USA, Australia, Japan and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its products.
• The company and its subsidiaries directly employ of approximately
9,300 people.
• Committed to sustainability in all its operations.
PT. Pindo Deli Pulp And Paper Mills was established in 1975 and now
has two mills, located at Kelurahan Adiarsa, Karawang (Pindo 1) and
Desa Kuta Mekar, Karawang (Pindo 2).
The Company owns 80% of PT. Lontar Papyrus Pulp & Paper Industry
(“Lontar Papyrus”), which has a pulp and tissue factory in Tebing Tinggi,
Jambi. Jointly these two companies represent one of the largest vertically
integrated producers of pulp and paper in the world.
The Company produces a wide range of tissue and paper products that
include: Photocopy Paper and Specialty papers such as Carbonless,
Cast Coated, Art Paper, Uncoated Woodfree. Well-known Company
brands include Bola Dunia, Golden Coin, Golden Star, Lucky Boss,
Mirage, Specta Colour, Buffalo Hide, Paseo, Nice, Livi and Jolly.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
120,755
1,107,169
2,203,905
4,116,862
15,053,014
1,715,625
22,813,639
4,929,058
13,500,290
18,429,348
673,527
8,000,000
2,131,785
4,264
500
-3,423,525
3,710,764
136,020
971,994
2,464,406
4,199,179
17,132,191
2,587,917
25,827,520
6,646,272
14,169,491
20,815,764
712,434
8,000,000
2,131,785
4,264
500
-3,146,426
4,299,321
12.64
-12.21
11.82
2.00
13.81
50.84
13.21
34.84
4.96
12.95
5.78
8.09
15.86
9,111,396 10,846,506
7,427,701 8,788,191
1,683,695 2,058,315
1,086,195 1,079,417
597,500
978,898
-638,049
-492,943
-40,549
485,954
208,757
49,892
75,900
-9,504
-173,406
426,558
19.04
18.32
22.25
-0.62
63.83
22.74
N/A
-76.10
N/A
N/A
4.97
-0.76
-1.90
6.56
Change %
4.84
1.65
3.93
9.03
-2.51
N/A
N/A
37.62
AS OF JUNE 2008
No.
1.
2.
214
Code
PIDL02A
PIDL02B
Series Name
I Tahun 1997 Seri A
I Tahun 1997 Seri B
Outstanding
(Rp Million)
51,053
100,000
Listing
Date
25-Oct-04
25-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Coupon
Payment
Date
Coupon
Structure
Issue
Term
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PIDL02A
Trading Volume
(Rp Billion)
5.00
15.0
4.00
12.0
3.00
9.0
2.00
6.0
1.00
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
Q4
Q3
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
-
-
-
-
Q1
Q2
13.107
25-Jan
13.107
13.107
13.107
4.58
31.3%
11.739
02-Apr
11.739
11.739
11.739
0.24
1.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PIDL02B
Trading Volume
(Rp Billion)
15.0
15.0
12.0
12.0
9.0
9.0
6.0
6.0
3.0
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
-
Last
Date
High
Low
Q3
Q2
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 4.659
-
Q4
13.385
10-Sep
13.385
13.385
13.385
4.33
17.3%
-
Q1
Q2
12.934
18-Mar
13.107
12.934
12.934
13.85
55.4%
12.093
24-Jun
12.093
11.741
12.093
10.77
43.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
PIDL02A
-
-
-
-
-
-
-
2.
PIDL02B
13.385
13.385
13.385
4.3
0.008
4.33%
4.659
4.3
0.008
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PIDL02A Outstanding
--
58
PIDL02B -
4--
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
215
PJAA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PEMBANGUNAN JAYA ANCOL TBK
:
:
:
:
:
ADDRESS
Cordova Tower Building 7th Fl.
Jl. Pasir Putih Raya 1 Blok E5, Ancol Timur, Jakarta Utara
Phone : (021) 645-4567, 645-3456
Fax : (021) 645-2986, 6471-0502
idA+
Restaurant, Hotel & Tourism
http://www.ancol.com
H. Falaah K. Djafar
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Pembangunan Jaya Ancol, Tbk is a company having its line of
business in creating area resort and property management. Established
in 1966, Ancol was originally small part of a huge project initiated by
President Soekarno. Soekarno appointed PT Pembangunan Jaya as the
executive board of Ancol Construction Project.
The Company’s shares were listed at Jakarta Stock Exchange in 2004.
The listing was to identified as company’s milestones as Ancol became
the first regionally owned company to be listed at stock exchange.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
125,117
169,802
8,248
327,168
341,090
3,104
954,271
128,433
102,147
230,580
347
1,440,000
400,000
1,600
500 & 250
286,635
723,344
271,669
233,215
8,714
546,248
369,884
23,901
1,277,133
206,424
256,194
462,618
694
1,440,000
400,000
1,600
500 & 250
377,102
813,821
117.13
37.34
5.65
66.96
8.44
669.97
33.83
60.73
150.81
100.63
100.04
31.56
12.51
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
693,141
381,982
311,159
144,873
166,286
12,076
178,362
52,141
-7
126,213
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
763,086
10.09
408,143
6.85
354,944
14.07
20.09
173,981
8.83
180,962
65.84
20,028
200,990
12.69
14.64
59,773
-350 -4,589.19
140,867
11.61
0.32
13.23
18.21
23.99
0.57
11.03
18.46
23.71
78.33
-16.61
1.38
-1.15
AS OF JUNE 2008
No.
1.
2.
216
Code
PJAA01A
PJAA01B
Series Name
I Tahun 2007 Seri A
I Tahun 2007 Seri B
Outstanding
(Rp Million)
80,000
120,000
Listing
Date
28-Jun-07
28-Jun-07
Maturity
Date
27-Jun-10
27-Jun-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 years
Rating
Fixed: 9.975%
27-Sep-07
27-Dec-07
27-Mar-08
27-Jun-08
idA+
Fixed: 10.40%
27-Sep-07
27-Dec-07
27-Mar-08
27-Jun-08
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PJAA01A
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
9.593
9.597
N/A
N/A 26-Jun 03-Sep
N/A
9.597
9.602
N/A
9.593
9.570
N/A
9.595
9.599
WA1
N/A
6.00
25.04
Volume2
N/A 30.0% 125.2%
Turnover3
Modified Duration (Yrs): 6.070
Last
Date
High
Low
Q1
Q2
9.481
07-Dec
9.487
9.473
9.480
3.00
15.0%
-
9.599
23-Jun
9.599
9.557
9.599
0.50
2.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PJAA01B
Trading Volume
(Rp Billion)
15.0
12.5
12.0
10.0
9.0
7.5
6.0
5.0
3.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.877
-
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
9.927
26-Sep
9.955
9.920
9.923
13.06
43.5%
9.775
23-Oct
9.797
9.775
9.787
4.03
13.4%
Q1
Q2
-
9.807
17-Jun
9.807
9.807
9.807
2.04
6.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
High
Weighted Avg.
Executed
Yield (%)
No.
Code
1.
PJAA01A
9.473
9.602
9.480
2.
PJAA01B
9.775
9.955
9.787
% of Total
Turnover
Ratio
(%)
34
0.07
42.54%
6.070
17
0.03
14.24%
9.877
51
0.10
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PJAA01A -
6
25
Q2-2007
Q3-2007
Q4-2007
3
Outstanding
--
80
PJAA01B -
13
Outstanding
4
--
120
Outstanding
-
12.5
25.0
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
37.5
50.0
62.5
75.0
87.5
100.0
112.5
125.0
217
PLJA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PAM LYONNAISE JAYA
:
:
:
:
:
idAWater utilities
http://www.palyja.co.id
Mohammad Zulfikar
Bank Mandiri (Persero) Tbk
PROFILE
Initially, the Company was established under name of PT Garuda
Dipta Semesta and having legal domicile in Jakarta. The Company
is a limited liability duly established under the law of the Republic of
Indonesia pursuant to Deed No. 106 dated 14 August, 1987, which was
made before Benny Kristianto, SH, Notary in Jakarta. Such deed has
been approved by the Minister of Law and Human Rights (formerly the
Ministry of Justice) by virtue of Decree No. C2-991.HT.01.01-TH88,
dated 6 February 1988, registered in the Western Jakarta District Court
No. 1192/1988 dated 27 February 1988 and duly published in the State
Gazette No.55 dated 11 July 1997, Supplement No. 2745. Company’s
Articles of Association has been amended several times one of which
including Name & Legal Domicile of Company (from PT Garuda Dipta
Semesta to PT PAM Lyonnaise Jaya). The latest amendment of the
Articles of Association was undertaken in the framework of Company
Law enforceability in 2007 as stated in Deed No. 135 dated 15 August
2008 , which was made before Benny Kristianto, SH, Notary in Jakarta.
The Company began its operating activity since Februari 1st 1998, based
on an agreement between corporation and PAM Jaya with 25 years long
term admitted by DKI Jakarta governor. This Company is part of Suez
Environnement, a business line of GDF Suez France, which provides
Water and Waste Services as well as related equipment essential for day
to day life and the environment protection; and also part of PT Astratel
Nusantara, business line of Astra Group – Indonesia which runs business
in infrastructure sector.
The Company’s vision is to be the preferred water service provider
in Indonesia by satisfying our customers and adding value to our
stakeholders.
Since 1998, the Company has successfully increased the access to
clean water becoming more than 380 thousand connections reaching
more than 3 million people in the Western part of Jakarta.
ADDRESS
Sentral Senayan I Office Tower 7th Floor
Jl. Asia Afrika No. 8 Senayan, Jakarta Pusat - 10270
Phone : (021) 572-4410
Fax : (021) 572-4418
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
154,654
168,228
15,870
365,458
722,625
1,961
1,344,424
327,451
527,887
855,338
200,630
200,630
0.40
500,000
288,456
489,086
91,637
193,246
7,341
314,996
746,986
2,494
1,269,019
350,709
338,208
688,917
200,630
200,630
0.40
500,000
379,472
580,102
-40.75
14.87
-53.74
-13.81
3.37
27.22
-5.61
7.10
-35.93
-19.46
N/A
31.55
18.61
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
724,918
360,031
364,887
183,778
181,109
-64,601
116,508
39,056
77,452
833,271
398,328
434,943
190,680
244,263
-64,537
179,726
61,622
118,104
14.95
10.64
19.20
3.76
34.87
0.10
54.26
57.78
N/A
52.49
1.75
5.76
10.68
24.98
1.19
9.31
14.17
29.31
-32.09
61.55
32.66
17.33
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
218
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PLJA01B
1.
2.
175,000
I Tahun 2005 Seri B
200,000
I Tahun 2005 Seri C
PLJA01C
3.
Outstanding
(Rp Million)
PLJA01D
I Tahun 2005 Seri D
100,000
Listing
Date
12-Jul-05
12-Jul-05
12-Jul-05
Maturity
Date
12-Jul-08
12-Jul-10
12-Jul-12
Issue
Term
3 Years
5 Years
7 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.75%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
Fixed: 13.375%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
Fixed: 13.875%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
TRADING HIGHLIGHT
PLJA01B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.904
10.039 10.203 10.786
9.580
3.427
01-Mar 28-Jun 27-Sep 27-Dec 25-Mar 19-Jun
9.580
10.765 10.203 10.812 10.045
3.427
10.004
9.913
9.709
9.862
9.479
3.217
1
9.982
9.560
3.427
10.147
10.203
9.860
WA
46.77
30.43 197.92 101.77
52.46
60.51
Volume2
106.9% 69.5% 452.4% 232.6% 119.9% 138.3%
Turnover3
Modified Duration (Yrs): 4.036
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PLJA01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.178 10.031
27-Mar 31-May
10.762 10.122
10.178 10.031
10.179 10.120
WA1
33.49
8.39
Volume2
67.0% 16.8%
Turnover3
Modified Duration (Yrs): 7.061
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.955
19-Sep
10.320
9.955
9.955
23.98
48.0%
10.051
03-Dec
10.051
10.047
10.049
2.15
4.3%
10.398
27-Mar
10.399
10.076
10.398
22.62
45.2%
10.393
25-Jun
10.426
10.293
10.411
45.59
91.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
219
PLJA01D
Trading Volume
(Rp Billion)
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.477 10.113
27-Feb 21-Jun
10.477 10.282
10.477 10.100
1
10.477
10.280
WA
2
1.05
35.62
Volume
4.2% 142.5%
Turnover3
Modified Duration (Yrs): 4.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.126
26-Sep
10.128
10.126
10.127
4.33
17.3%
10.555
28-Dec
10.555
10.555
10.555
0.21
0.8%
10.089
28-Jan
10.091
10.089
10.090
2.22
8.9%
10.806
26-Jun
10.920
10.780
10.920
3.70
14.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
PLJA01B
9.709
10.812
9.982
377
0.73
215.36%
4.036
2.
PLJA01C
9.955
10.762
10.049
68
0.13
34.00%
7.061
3.
PLJA01D
10.100
10.555
10.555
41
0.08
41.21%
4.026
486
0.94
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
47
PLJA01B
Q3-2007
30
33
PLJA01C
8
Q4-2007
Outstanding
198
175
Outstanding
102
--
24
200
Outstanding
--
36
PLJA01D
100
Outstanding
-
220
Q2-2007
40
-80
120
160
200
240
280
320
360
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
221
PNBN BANK PAN INDONESIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idA
Bank
http://www.panin.co.id
Jasman G. Munthe
Bank Mandiri (Persero) Tbk
PROFILE
Panin Bank is principally a commercial bank offering full range of
banking services and has been a foreign exchange licensed bank since
1972. As an established bank with sound track records, the Bank enjoys
substantial facilities from its international correspondent banks..
Panin Bank has since progressed steadily and is one of the leading banks
in Indonesia whose objective is to maintained a sustained profitable
growth for the Bank’s future development by directing its expansions
prudently on the one basic principle: Quality.
ADDRESS
Panin Bank Centre Jl. Jend Sudirman (Senayan)
Jakarta - 10270
Phone : (021) 270-0545, 270-0966, 270-0933
Fax : (021) 270-0340
FINANCIAL HIGHLIGHT
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
316,762
3,306,813
11,352,055
17,838,114
102,997
1,337,488
1,922,640
40,514,765
27,802,257
202,261
1,060,143
1,214,034
33,399,634
500,743
5,900,000
2,008,179
20,082
100
81,538,515
6,614,388
Dec-2007
484,707
3,056,020
11,348,813
28,290,884
100,287
1,564,421
1,771,218
53,470,645
33,604,381
307,156
2,141,497
1,349,847
45,150,760
819,738
5,900,000
2,021,119
20,211
100
2,470,767
7,500,147
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
3,901,526
2,336,536
761,167
1,076,723
1,064,764
-22,442
1,042,322
312,043
-78,266
652,013
4,349,268
2,093,513
600,333
1,323,793
1,358,399
-49,187
1,309,212
354,307
-102,653
852,252
11.48
-10.40
-21.13
22.95
27.58
-119.17
25.61
13.54
-31.16
30.71
5.05
1.61
16.71
27.29
6.02
1.59
19.60
31.23
19.22
-0.96
17.25
14.44
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
222
Million Rp except Par Value
Change %
53.02
-7.58
-0.03
58.60
-2.63
16.97
-7.88
31.98
20.87
51.86
102.00
11.19
35.18
63.70
0.64
0.64
-96.97
13.39
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PNBN02A
1.
2.
PNBN02B
3.
4.
Outstanding
(Rp Million)
50,000
II Tahun 2007 Seri A
1,400,000
II Tahun 2007 Seri B
PNBN02C
II Tahun 2007 Seri C
PNBN03
Subordinasi II Tahun
2008
200,000
1,500,000
Listing
Date
20-Jun-07
20-Jun-07
20-Jun-07
10-Apr-08
Maturity
Date
19-Jun-10
19-Jun-12
Issue
Term
3 Years
5 Years
19-Jun-14
7 Years
09-Apr-18
5 Tahun
pertama
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 9.75%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 10.75%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 11.00%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 11.60%
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
A+(idn)
TRADING HIGHLIGHT
PNBN02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.632
N/A
N/A 22-Jun
N/A
8.647
N/A
8.622
1
N/A
8.632
WA
N/A
22.01
Volume2
N/A 176.1%
Turnover3
Modified Duration (Yrs): 5.628
Last
Date
High
Low
Q3
Q4
8.640
03-Sep
8.647
8.647
8.647
2.00
16.0%
Q1
-
Q2
9.638
03-Mar
9.638
9.638
9.638
1.73
13.9%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PNBN02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
N/A
9.379
9.402
9.288
9.265
N/A 20-Jun 11-Sep 26-Dec 05-Feb
9.288
9.368
N/A
9.379 10.626
N/A
9.344
9.336
9.254
9.228
N/A
9.371
9.277
9.289
9.361
WA1
N/A 162.13 368.06 357.27 663.32
Volume2
N/A 46.3% 105.2% 102.1% 189.5%
Turnover3
Modified Duration (Yrs): 9.663
Last
Date
High
Low
Q2
9.951
19-Jun
9.951
9.383
9.951
216.21
61.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
223
PNBN02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.557
9.542
N/A 20-Jun 21-Sep
N/A
9.557
9.636
N/A
9.557
9.488
1
N/A
9.557
9.597
WA
2
N/A
96.50
108.77
Volume
N/A 193.0% 217.5%
Turnover3
Modified Duration (Yrs): 9.538
Last
Date
High
Low
Q4
Q1
Q2
9.451
01-Oct
9.451
9.440
9.445
6.01
12.0%
9.349
30-Jan
9.349
9.349
9.349
3.05
6.1%
9.356
23-Jun
10.890
9.356
9.356
34.81
69.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PNBN03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.785
N/A
N/A 26-Jun
N/A
9.806
N/A
9.755
N/A
9.755
N/A 433.64
N/A 115.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PNBN02A
Low
High
8.622
8.647
Weighted Avg.
Executed
Yield (%)
8.647
% of Total
Turnover
Ratio
(%)
0.05
48.03%
TRADING VOLUME
(Billion Rp)
24
Modified
Duration (Yrs)
End of Year
5.628
2.
PNBN02B
9.254
10.626
9.277
887
1.71
63.39%
9.663
3.
PNBN02C
9.440
9.636
9.445
211
0.41
105.64%
9.538
1,123
2.16
TOTAL
224
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PNBN02A Outstanding
50--
PNBN02B -
162
368
357
--
1,400
Outstanding
PNBN02C -
97
109
200
Outstanding
-
-150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
450
600
750
900
1,050
1,200
1,350
1,500
225
PPGD PERUM PEGADAIAN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kramat Raya No.162
Jakarta - 10430
Phone : (021) 315-5550
Fax : (021) 391-4221
idAA
Financial Institution
http://www.pegadaian.co.id
Eddy Suprijoso
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
160,576
11,842
187,429
2,143
16.72
-81.91
-
-
N/A
32,969
348,550
22,578
6,023,601
71,495
4,892,019
205,000
25,097
373,078
24,975
7,372,065
82,489
5,880,261
205,000
-23.88
7.04
10.61
22.39
N/A
15.38
20.20
N/A
-
46,252
46,252
-
Retained Earnings
Total Equity
879,419
1,131,582
1,240,552
1,491,804
41.07
31.83
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
1,939,786
1,456,333
17,265
500,289
2,253,453
1,578,486
21,793
696,760
16.17
8.39
26.23
39.27
150,106
350,183
208,029
488,731
38.59
39.56
4.32
5.81
18.05
25.79
3.94
6.63
21.69
30.92
-8.82
14.04
20.14
19.89
BALANCE SHEETS
Perum Pegadaian (Perum) represents continuation of Perusahaan
Jawatan (Perjan) changed into “Perum” based on Government Regulation
Number 10/1990, 10 April 1990 about the changing of Perusahaan
Jawatan (Perjan) Pegadaian to Perusahaan Umum (Perum) regarding
to PP No 103/2000.
The scoups of activity of the company such as :
1. Channeling of loan based on Mortgage Law.
2. Channeling of loan based on fidusia collateral, safe keeping,
service, certify of gold and gem stone, and also other efforts
able to reach the company’s gools and objectives through the
affiemative of Minister of BUMN.
3. There’s also some new business such as unit in pawn service
with stock guarantee, channeling of loan based on sharia business
credit and money transfer service.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Sh)
Authorized Capital
Government Share
Placement
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
226
Code
PPGD07XXBVTW
PPGD09AXBFTW
Series Name
VII Tahun 2000
IX Tahun 2002 Seri A
Outstanding
(Rp Million)
150,000
211,000
Listing
Date
08-Aug-00
11-Jun-02
Maturity
Date
21-Jul-08
06-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
8 Years
21-Jan-07
Year 1: 15.625%; Year 221-Apr-07
8: ATD 6 Months +
21-Jul-07
1.725%
21-Oct-07
idAA
8 Years
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
Fixed: 18.25%
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
Code
3.
Series Name
PPGD09BXBFTW
4.
PPGD09CXBVTW
5.
PPGD09DXBVTW
6.
PPGD10AXBFTW
7.
PPGD10BXBVTW
8.
Outstanding
(Rp Million)
PPGD11A
IX Tahun 2002 Seri B
21,750
IX Tahun 2002 Seri C
2,000
IX Tahun 2002 Seri D
43,500
X Tahun 2003 Seri A
336,500
X Tahun 2003 Seri B
63,500
XI Tahun 2006 Seri A
400,000
Listing
Date
11-Jun-02
11-Jun-02
11-Jun-02
15-Jul-03
15-Jul-03
24-May-06
Maturity
Date
06-Jun-10
06-Jun-10
06-Jun-10
11-Jul-11
11-Jul-18
23-May-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
8 Years
Fixed: 18.25%
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
8 Years
Year 1: 18.25%; Year 2-8:
ATD 3 Months + 2.50%
(min.16.50%, max. 20%)
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
8 Years
Year 1-5: Fixed: 18.25%;
Year 6-8: ATD 3 Months +
2.50% (min.16.50%, max.
20%)
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
8 Years
Fixed: 12.9375 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idAA
15 Years
Year 1-3: Fixed: 13.125%;
Year 4-15: SBI 3 Months +
1.00% (max. 15.5%, min.
10.5%)
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idAA
Fixed: 13.10%
23-Feb-07
23-May-07
23-Aug-07
23-Nov-07
idAA
10 Years
idAA
23-Feb-07
9.
PPGD11B
XI Tahun 2006 Seri B
100,000
24-May-06
23-May-16
10 Years
Year 1: 13.1%; Year 2: SBI 1
23-May-07
Month + 1.25%
23-Aug-07
(max.16.00%, min. 10.00%)
idAA
idAA
idAA
23-Nov-07
10.
PPGD12A
11.
PPGD12B
XII Tahun 2007 Seri A
370,000
XII Tahun 2007 Seri B
230,000
05-Sep-07
05-Sep-07
04-Sep-17
04-Sep-17
10 Years
Fixed: 10.025%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
10 Years
Year I: 10.025%; Year II-X:
SBI+1%, max. 12%, min. 8%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
TRADING HIGHLIGHT
PPGD07XXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
75.0
10.0
60.0
8.0
45.0
6.0
30.0
4.0
15.0
2.0
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
6.366
6.747
6.715
6.648
6.647
28-Mar 15-May 25-Sep 18-Dec 18-Mar
6.840
6.716
6.803
6.885
6.373
6.643
6.747
6.700
6.603
6.104
6.747
6.716
6.803
6.884
6.373
WA1
10.87
5.01
49.36
68.95
39.25
Volume2
29.0% 13.4% 131.6% 183.9% 104.7%
Turnover3
Modified Duration (Yrs): 8.360
Last
Date
High
Low
Q2
3.178
18-Jun
3.358
3.154
3.179
18.43
49.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
227
PPGD09AXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.552
16-Mar
10.587
10.552
1
10.562
WA
4.83
Volume2
9.1%
Turnover3
Modified Duration (Yrs): 3.446
Last
Date
High
Low
-
Q3
Q4
Q1
12.056
19-Jul
12.056
10.624
10.631
9.21
17.5%
11.786
22-Nov
11.786
11.786
11.786
0.50
0.9%
11.750
26-Mar
11.872
11.750
11.750
6.93
13.1%
Q2
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD09BXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
-
10.882
17-Apr
- 10.948
- 10.882
- 10.902
WA1
4.18
Volume2
54.9%
Turnover3
Modified Duration (Yrs): 6.374
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
Q2
-
10.908
07-Dec
11.786
10.908
10.908
1.55
20.4%
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD09CXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
11.221 11.288 11.013
- 11-May 21-Sep 27-Dec
- 11.221 11.288 11.013
- 11.221 11.288 11.013
- 11.221 11.288 11.013
WA1
1.00
1.98
2.04
Volume2
- 200.0% 396.0% 407.0%
Turnover3
Modified Duration (Yrs): 7.118
Last
Date
High
Low
-
Q1
Q2
-
11.210
- 19-May
- 11.238
- 11.210
- 11.214
5.00
- 999.6%
1
-
-
Q1-07
228
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
PPGD09DXBVTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
12.5
28.0
10.0
21.0
7.5
14.0
5.0
7.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
-
9.973
6.412
26-Jun 25-Sep
9.975
6.443
9.973
6.412
1
9.974
6.416
WA
4.00
30.26
Volume2
36.8% 278.2%
Turnover3
Modified Duration (Yrs): 4.396
Last
Date
High
Low
-
Q4
Q1
Q2
9.046
07-Nov
9.046
9.046
9.046
1.17
10.7%
9.625
01-Feb 13-May
9.625
9.560
9.560
0.53
4.83
4.8% 44.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD10AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.050 10.327
30-Mar 26-Jun
10.352 10.329
9.744
9.654
10.051
9.923
WA1
20.20
43.47
Volume2
24.0% 51.7%
Turnover3
Modified Duration (Yrs): 5.981
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.726
24-Sep
10.205
9.709
10.167
60.63
72.1%
9.885
12-Dec
10.404
9.861
9.912
40.18
47.8%
9.922
28-Feb
9.963
9.820
9.926
48.95
58.2%
10.148
20-Jun
10.384
9.635
10.148
77.87
92.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD10BXBVTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1
Q2
8.807
8.787
31-Jan 12-Jun
8.807
8.787
8.807
8.747
1
8.807
8.747
WA
7.15
5.25
Volume2
45.0% 33.1%
Turnover3
Modified Duration (Yrs): 7.569
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
-
8.887
07-Dec
8.887
8.887
8.887
1.01
6.4%
Q1
Q2
-
8.834
- 15-May
8.834
8.787
8.787
7.04
44.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
229
PPGD11A
Trading Volume
(Rp Billion)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.711
8.310
05-Jan 27-Jun
8.711
9.829
8.711
8.299
1
8.711
8.385
WA
2
1.07
38.32
Volume
1.1% 38.3%
Turnover3
Modified Duration (Yrs): 2.429
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.375
20-Aug
8.615
8.299
8.374
27.60
27.6%
9.061
22-Nov
9.061
8.315
8.355
6.54
6.5%
8.503
28-Mar
8.551
8.353
8.503
50.33
50.3%
8.503
13-Jun
9.089
8.466
9.030
62.82
62.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PPGD11B
No Transaction in Year 2007 and Q1-Q2 2008
PPGD12A
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
3
N/A
N/A
Turnover
Modified Duration (Yrs): 6.318
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.984
12-Sep
7.984
7.984
7.984
9.00
9.7%
7.864
12-Nov
7.940
7.864
7.914
12.07
13.0%
7.946
10-Mar
7.948
7.912
7.913
29.05
31.4%
8.100
26-Jun
8.100
7.843
7.948
7.03
7.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PPGD12B
No Transaction in Year 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
134
0.26
89.46%
8.360
15
0.03
6.89%
3.446
10.908
6
0.01
18.82%
6.374
11.013
5
0.01
250.75%
7.118
9.046
35
0.07
81.44%
4.396
10.404
9.912
164
0.32
48.88%
5.981
8.887
8.887
13
0.03
21.12%
7.569
9.829
8.355
74
0.14
18.38%
2.429
Executed Yield (%)
No.
Code
Low
High
1.
PPGD07XXBVTW
6.603
6.885
6.884
2.
PPGD09AXBFTW
10.552
12.056
11.786
3.
PPGD09BXBFTW
10.882
11.786
4.
PPGD09CXBVTW
11.013
11.288
5.
PPGD09DXBVTW
6.412
9.975
6.
PPGD10AXBFTW
9.654
7.
PPGD10BXBVTW
8.747
8.
PPGD11A
8.299
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
9.
PPGD11B
-
-
-
-
-
-
-
10.
PPGD12A
7.864
7.984
7.914
21
0.04
5.69%
6.318
11.
PPGD12B
-
-
-
-
-
-
-
467
0.90
TOTAL
230
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PPGD07XXBVTW 11 5
49
Q2-2007
Q3-2007
Q4-2007
Outstanding
69
--
150
Outstanding
PPGD09AXBFTW
--
211
Outstanding
PPGD09BXBFTW
30 --
Outstanding
PPGD09CXBVTW Outstanding --
PPGD09DXBVTW
Outstanding
--
44
PPGD10AXBFTW
20
43
61
40
Outstanding
--
337
PPGD10BXBVTW
Outstanding
--
64
PPGD11A
38
28
7
Outstanding
--
400
PPGD11B Outstanding
--
100
PPGD12A Outstanding
--
370
PPGD12B Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
230
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
440
231
PPLN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERUSAHAAN LISTRIK NEGARA (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Trunojoyo Blok M 1/135, Kebayoran Baru
Jakarta - 12160
Phone : (021) 725-0550, 725-1234
Fax : (021) 722-1330, 722-7072
Aa2.id
Energy
http://www.pln.co.id
Supriyanto
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PLN has been known as Perusahaan Umum Listrik Negara Since 16
June 1994, changed it’s status to PT PLN ( PERSERO) based on
Government Regulation Number 23 / 1994. PLN as a company received
electricity property right from Government based on code number 15 /
1985, about Electricity , as a “BUMN” provided electricity for Public.
Our vision is to be recognized as a World Class Company that is growing,
developing, outstanding and trustworthy, by relying on human potential.
Our business activities are :
• Doing business in providing electricity, covering such activities as
geneaing electrical power, supplying electrical power, distributing
electrical power, planning and constructing facilities for power
provision and developing electrical power provision
• Conducting electrical power supporting business, covering such
activities as consultion activities as related to electrical power
generating, constructing and building installation for electrical
power equipment maintenance of electrical power equipment,
maintenance of electrical power equipment, developing equipment
technology to support electrical power supply
Company has 39 Business Units which are 21 PLN Region from
Nangggroe Aceh Darussalem to Papua, 10 PLN Main Power Plant in
Sumatra, Java, Bali an Nusa Tenggara, 2 PLN Distribution & Center
for Load Dispatching Center, PLN Education and Traning Service, PLN
Engineering Service, PLN Service and Production, PLN Research and
Development, PLN Construction Management Service, PLN Certification
Service.
Company has 7 subsidiaries which are PT Indonesia Power, PT
Pembangkit jawa Bali, PT Pelayanan Listrik Nasional Batam, PT
Indonesia Comnets Plus, PT PLN Enjiniring, PT PLN Tarakan, PT Geo
Dipa Energy
The number of PLN’s human resources in 2007 was 39,342 employees,
rnging from junior high school graduates up to doctorate degree (S3)
The facilities for electricity as owned and operated by PLN include the
Power plants, transmission and distribution network. The generating
capacity in 2007 is 25,222 MW which produces electricity of 142,440
GWh.
The electricity sales in 2007 is 121,246 Gwh which is consumed by 5
composition of electricity sales of household, business, industry and
general.
The number of PLN’s customers in 2007 is 37,334,000 consist of
34,684,000 household, 1,611,000 business, 47,000 industry and 992,000
general.
Million Rp except Par Value
Dec-2006
Dec-2007
12,968,420
9,819,355
4,188,361
28,821,273
200,383,256
1,317,407
247,917,818
27,698,405
80,381,467
108,079,872
63,000,000
46,107,154
46
1,000,000
-69,693,477
139,837,946
16,290,782
12,163,683
6,774,205
43,212,986
198,901,833
1,257,244
273,479,935
40,276,254
96,790,941
137,067,195
63,000,000
46,107,154
46
1,000,000
-75,338,584
136,412,740
25.62
23.87
61.74
49.93
-0.74
-4.57
10.31
45.41
20.41
26.82
N/A
-8.10
-2.45
INCOME STATEMENTS
Total Revenues
104,726,536 114,042,687
Expenses
105,228,150 111,505,955
Gross Profit
-501,614 2,536,732
Operating Expenses
105,228,150 111,505,955
Operating Profit
-501,614 2,536,732
Other Income (Expenses)
-583,721 -5,634,798
Income before Tax
-1,085,335 -3,098,066
Tax
2,972,508 2,547,041
Minority Interests
Net Income
-1,927,856 -5,645,107
8.90
5.97
N/A
5.97
N/A
-865.32
-185.45
-14.31
N/A
-192.82
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
30.00
-165.45
-168.90
N/A
BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
0.77
-0.78
-1.84
-0.48
Change %
1.00
-2.06
-4.95
2.22
AS OF JUNE 2008
No.
1.
2.
232
Code
PPLN07
PPLN08A
Series Name
VII Tahun 2004
VIII Tahun 2006 Seri A
Outstanding
(Rp Million)
1,500,000
1,335,100
Listing
Date
12-Nov-04
22-Jun-06
Maturity
Date
11-Nov-14
21-Jun-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
10 Years
Rating
Fixed: 12.25%
11-Feb-07
11-May-07
11-Aug-07
11-Nov-07
Aa2.id
Fixed: 13.60%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
4.
5.
Series Name
PPLN08B
VIII Tahun 2006 Seri B
PPLN08C
Syariah Ijarah I Tahun
2006
PPLN09A
6.
7.
Outstanding
(Rp Million)
IX Tahun 2007 Seri A
PPLN09B
IX Tahun 2007 Seri B
SIKPPLN01
Sukuk Ijarah PLN II
Tahun 2007
865,000
200,000
1,500,000
1,200,000
300,000
Listing
Date
22-Jun-06
22-Jun-06
11-Jul-07
11-Jul-07
11-Jul-07
Maturity
Date
21-Jun-21
21-Jun-16
10-Jul-17
10-Jul-22
10-Jul-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
15 Years
Fixed: 13.75%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
10 Years
Ijarah Fee
Rp6,800,000,000
quarterly
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idA+sy
Fixed: 10.40%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
15 Years
Fixed: 10.90%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
10 Years
Ijarah Fee
Rp31,200,000,000 p.a
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
10 Years
idA+
TRADING HIGHLIGHT
PPLN07
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
8.114
27-Sep
8.401
8.084
8.124
187.88
50.1%
8.122
13-Dec
8.389
8.099
8.104
114.69
30.6%
8.296
24-Mar
8.465
8.104
8.121
84.01
22.4%
8.456
24-Jun
8.667
8.316
8.456
110.35
29.4%
12.5
200
10.0
150
7.5
100
5.0
50
2.5
8.182
8.221
26-Mar 20-Jun
8.565
8.564
8.162
8.084
8.191
8.172
WA1
199.68 100.50
Volume2
53.2% 26.8%
Turnover3
Modified Duration (Yrs): 9.030
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN08A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.287 10.262
30-Mar 18-Jun
13.759 11.640
10.172 10.124
11.278 10.408
WA1
159.83 195.13
Volume2
3
47.9% 58.5%
Turnover
Modified Duration (Yrs): 3.504
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.225
19-Sep
11.702
10.081
10.269
328.25
98.3%
10.030
13-Dec
11.472
10.002
11.071
134.53
40.3%
10.072
23-Jan
10.686
9.882
10.667
285.90
85.7%
10.840
24-Jun
11.543
9.805
10.841
167.72
50.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
233
PPLN08B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
-
11.868
13-Jun
- 11.868
- 10.374
1
- 11.868
WA
6.80
Volume2
3.1%
Turnover3
Modified Duration (Yrs): 2.80
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
12.024
24-Aug
12.024
12.022
12.023
7.76
3.6%
10.058
13-Dec
10.271
9.999
10.271
14.29
6.6%
Q1
Q2
-
11.544
- 12-May
- 11.739
- 11.521
- 11.607
47.30
21.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN08C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
11.206 11.374
07-Feb 26-Jun
11.206 11.374
11.206 11.374
11.206 11.374
WA1
5.15
1.03
Volume2
10.3%
2.1%
Turnover3
Modified Duration (Yrs): 8.342
-
Last
Date
High
Low
-
Q4
Q1
Q2
10.846
12-Oct
10.846
10.846
10.846
2.15
4.3%
10.362
18-Mar
10.362
9.679
10.052
15.29
30.6%
9.818
25-Jun
10.722
9.818
9.818
29.67
59.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN09A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
N/A
8.812
N/A
N/A 20-Sep
N/A
N/A
8.884
N/A
N/A
8.674
N/A
N/A
8.674
WA1
N/A
N/A 486.55
Volume2
N/A
N/A 129.7%
Turnover3
Modified Duration (Yrs): 7.058
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.950
12-Dec
8.950
8.950
8.950
1.01
0.3%
8.986
18-Feb
8.986
8.845
8.932
128.66
34.3%
8.859
30-Jun
9.214
8.832
8.849
72.43
19.3%
1
-
-
Q1-07
234
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
PPLN09B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.652
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.118
27-Sep
9.213
9.012
9.161
102.06
34.0%
9.195
03-Dec
9.306
9.181
9.188
88.94
29.6%
9.295
20-Feb
9.306
9.124
9.256
121.78
40.6%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKPPLN01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 5.973
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.884
10-Sep
8.884
8.832
8.842
22.48
30.0%
8.954
19-Dec
9.138
8.422
8.986
5.65
7.5%
8.915
24-Jan
8.986
8.915
8.915
6.54
8.7%
8.936
17-Jun
8.951
8.884
8.936
5.97
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
PPLN07
8.084
8.565
8.104
603
1.16
40.18%
9.030
2.
PPLN08A
10.002
13.759
11.071
818
1.58
61.25%
3.504
3.
PPLN08B
9.999
12.024
10.271
29
0.06
3.34%
2.800
4.
PPLN08C
10.846
11.374
10.846
8
0.02
4.16%
8.342
5.
PPLN09A
8.674
8.950
8.950
488
0.94
32.50%
7.058
6.
PPLN09B
9.012
9.306
9.188
191
0.37
15.92%
7.652
7.
SIKPPLN01
8.422
9.138
8.986
28
0.05
9.38%
5.973
2,164
4.17
Executed Yield (%)
Low
TOTAL
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
235
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PPLN07
Outstanding
1,500
PPLN08A
195
160
328
-
135
Outstanding
1,335
-
PPLN08B 7
865
Outstanding
-
PPLN08C
Outstanding
200
-
PPLN09A
Outstanding
1,500
PPLN09B -
102
-
89
1,200
Outstanding
-
SIKPPLN01 Outstanding
300
-
236
160
320
480
640
800
960
1,120
1,280
1,440
1,600
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
237
PTPN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA III (PERSERO)
:
:
:
:
:
idAAPlantation
http://www.ptpn3.co.id
Ir. H. Aja Ibrafan, MM
Bank Niaga Tbk
PROFILE
PT Perkebunan Nusantara III (Persero) was established on March 11,
1996, located in North Sumatera Province. The Company is a state
owned company engaged in palm oil, rubber, plantation and processing.
In 2007, the Company’s revenues were derived from crude palm oil
(CPO) around 78.13 %, rubber and derivative products (21.87 %). The
Company’s plantations and production facilities are all located in North
Sumatera. At present, the Company’s shareholding is fully controlled by
the Goverment of Indonesia.
Throught year 2007 the number of occasions and important achievements
are:
NAME OF AWARD
Karet Nusantara Award
ISSUANCE OF AWARD
State Owned Enterprise Minister of
Republic of Indonesia
Best of The Best Management Representative Award
Porquista and Association Management
Representative Indonesia
Indonesia Quality Award
IQA Foundation
Humas Resource Excellence SWA, Human Resources Indonesia &
Award
LM FE-UI
Sawit Nusantara Award
State Owned Enterprise Minister of
Republic of Indonesia
Golden Flag SMK3 Award
Government of Indonesia
World Class Company as The Future Orientation
One of PTPN-III future orientation is to develop sub-industries-to add
value in their production, also to increase and maximize the profit. Some
of which are still in development progress, and some others are already
actualized successfully.
With developing the business by applying Business Transformation
Programs, Corporate Social Responsibility (CSR) program and Good
Corporate Governance through a modern and good organization and
management, therefore PTPN-III could step up to their goal of company
privatization and firmly sets their milestone in the global era, prevailing
as a World Class Company.
238
ADDRESS
Jl. Sei Batanghari No. 2
Medan 20122, Kotak Pos 911, Sumatera Utara
Phone : (061) 845-3100, 845-2244
Fax : (061) 845-5177
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
124,095
113,296
139,807
470,391
614,070
45,168
2,989,779
795,998
901,939
1,697,936
1
1,200,000
315,000
0.32
1,000,000
970,836
1,291,841
552,088
344.89
104,985
-7.34
139,056
-0.54
822,842
74.93
671,999
9.43
131,453
191.03
3,960,689
32.47
745,253
-6.38
1,306,313
44.83
2,051,566
20.83
6,838 674,433.48
1,200,000
315,000
0.32
1,000,000
1,610,180
65.85
47.25
1,902,285
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,656,668
1,770,111
886,557
425,246
461,311
-38,512
422,800
130,065
-0.01
293,853
3,969,109
2,189,738
1,779,371
713,540
1,065,832
-66,464
999,367
314,200
0.17
701,948
49.40
23.71
100.71
67.79
131.04
-72.58
136.37
141.57
N/A
138.88
1.31
9.83
11.06
17.36
1.08
17.72
17.69
26.85
-17.95
80.32
59.89
54.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PTPN01AXBFTW
1.
2.
10,000
I Tahun 2003 Seri B
PTPN02B
4.
140,000
I Tahun 2003 Seri A
PTPN01BXBVTW
3.
Outstanding
(Rp Million)
II Tahun 2004 Seri B
PTPN02C
90,000
II Tahun 2004 Seri C
35,000
Listing
Date
06-Aug-03
06-Aug-03
14-Jul-04
14-Jul-04
Maturity
Date
05-Aug-10
05-Aug-10
13-Jul-09
13-Jul-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
05-Feb-07
05-May-07
05-Aug-07
05-Nov-07
idAA-
05-Feb-07
Year 1-2: 13.125%; Year
05-May-07
3-7: SBI 3 Months +
05-Aug-07
1.50%
05-Nov-07
idAA-
Fixed: 13.125%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA-
Fixed: 13.50%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA-
Fixed: 13.125%
7 Years
7 Years
5 Years
7 Years
Rating
TRADING HIGHLIGHT
PTPN01AXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.956
25-Jun
- 10.025
8.693
1
8.693
WA
16.05
Volume2
45.8%
Turnover3
Modified Duration (Yrs): 6.90
-
Last
Date
High
Low
-
Q3
Q4
Q1
Q2
8.679
25-Sep
8.830
8.666
8.777
17.18
49.1%
8.696
8.681
8.870
27-Dec 28-Mar 21-May
8.957
8.681
8.870
8.666
8.681
8.242
8.688
8.854
8.681
1.06
38.86
42.10
3.0% 111.0% 120.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PTPN01BXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
Q1
Q2
8.082
26-Jun
8.082
8.081
8.081
WA1
4.05
Volume2
- 162.1%
Turnover3
Modified Duration (Yrs): 7.719
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
-
Q3
Q4
-
Q1
-
-
-
-
Q2
-
-
-
7.335
12-Jun
7.335
7.335
7.335
0.24
9.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
239
PTPN02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
-
9.803
28-Jun
- 11.324
9.028
1
9.907
WA
2
27.18
Volume
- 120.8%
Turnover3
Modified Duration (Yrs): 6.041
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.832
26-Sep
11.324
9.809
9.828
16.28
72.3%
10.022
14-Dec
10.300
9.921
10.073
15.30
68.0%
10.157
8.982
27-Feb 17-Jun
10.298 10.150
9.952
8.982
10.157
9.829
15.54
23.69
69.1% 105.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PTPN02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.686
9.781
9.988 10.372
9.784 10.253
17-Jan 25-Jun 02-Aug 08-Nov 14-Feb 30-Jun
9.988 10.374 10.236
9.781 10.021 10.444
9.988
9.686
9.686
9.781
9.784
9.632
9.988
9.686
9.686
9.781
9.784 10.444
WA1
19.78
23.89
25.79
19.71
20.77
38.95
Volume2
226.1% 273.0% 294.7% 225.2% 237.4% 445.2%
Turnover3
Modified Duration (Yrs): 8.754
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
% of Total
34
0.07
24.49%
8.081
4
0.01
40.52%
7.719
10.073
59
0.11
65.28%
6.041
89
0.17
254.76%
8.754
186
0.36
No.
Code
1.
PTPN01AXBFTW
8.666
2.
PTPN01BXBVTW
8.081
8.082
3.
PTPN02B
9.028
11.324
4.
PTPN02C
9.686
10.374
9.781
TOTAL
240
High
Turnover
Ratio
(%)
Weighted Avg.
Executed
Yield (%)
10.025
8.681
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.900
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PTPN01AXBFTW -
16
Q2-2007
Q3-2007
Q4-2007
Outstanding
17
Outstanding
140
--
PTPN01BXBVTW - 4Outstanding
10 --
PTPN02B
27
16
Outstanding
90
PTPN02C
20
Outstanding
24
35
-
15
S T O C K
--
26
20
-30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
15
E X C H A N G E
45
60
75
90
105
120
135
150
241
PTPV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA V (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Rambutan No. 43
Pekanbaru Riau - 28294
Phone : (0761) 66565
Fax : (0761) 66558
idA
Plantation
H. Syamsul Rizal
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Perkebunan Nusantara V (PTP5) was established on March 11, 1996,
located in Pekanbaru. The Company is a state owned company engaged
in palm oil and rubber plantation and processing. In 2002, the Company’s
revenue reached IDR1.29 trillion, derived from crude palm oil (CPO)
around 94.57% and rubber (5.43%). The Company’s plantations and
production facilities are all located in Riau. The Company’s shareholding
is fully controlled by the Government of Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
194,834
151,905
120,100
485,805
504,493
117,246
1,868,321
501,116
664,099
1,165,216
600,000
250,000
0.25
1,000,000
404,292
703,105
325,638
189,589
234,167
775,480
564,190
136,738
2,403,745
694,647
789,442
1,484,089
600,000
250,000
0.25
1,000,000
620,843
919,656
67.14
24.81
94.98
59.63
11.83
16.62
28.66
38.62
18.87
27.37
N/A
53.56
30.80
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,523,991
1,114,300
409,691
219,385
190,306
-55,519
134,787
38,178
96,610
2,413,293
1,670,181
743,112
311,502
431,610
-80,815
350,796
105,618
245,177
58.35
49.89
81.38
41.99
126.80
-45.56
160.26
176.65
N/A
153.78
1.66
5.17
6.34
12.49
1.61
10.20
10.16
17.88
-2.62
97.25
60.26
43.22
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
242
Code
PTPV01AXBFTW
PTPV01BXBVTW
Series Name
I Tahun 2003 Seri A
I Tahun 2003 Seri B
Outstanding
(Rp Million)
294,000
6,000
Listing
Date
13-Nov-03
13-Nov-03
Maturity
Date
12-Nov-10
12-Nov-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
12-Feb-07
12-May-07
12-Aug-07
12-Nov-07
idA
12-Feb-07
Year 1-2: 12.875%; Year
12-May-07
3-7: SBI 3 Months + 2%
12-Aug-07
(max. 17%, min. 8%)
12-Nov-07
idA
Fixed: 12.875%
7 Years
7 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PTPV01AXBFTW
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
8.776
8.820
27-Mar 25-Jun
8.776
8.821
8.480
8.436
8.776
8.820
WA1
12.70
26.77
Volume2
17.3% 36.4%
Turnover3
Modified Duration (Yrs): 8.227
Last
Date
High
Low
8.568
19-Sep
8.620
8.534
8.567
12.64
17.2%
Q1
-
Q2
8.728
8.733
14-Mar 12-Jun
8.730
8.821
8.686
8.545
8.729
8.733
30.01
79.49
40.8% 108.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PTPV01BXBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
PTPV01AXBFTW
8.436
8.821
8.567
52
0.10
17.72%
8.227
2.
PTPV01BXBVTW
-
-
-
-
-
-
-
52
0.10
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PTPV01AXBFTW
13
27
Q2-2007
Q3-2007
Q4-2007
Outstanding
13-
Outstanding
--
294
PTPV01BXBVTW 6--
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
90
120
150
180
210
240
270
300
243
PVII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA VII (PERSERO)
:
:
:
:
:
idA
Plantation
http://www.ptpn7.co.id
Edi Santoso
Bank Niaga Tbk
PROFILE
PT Perkebunan Nusantara VII is Indonesian Government Owned
Company (BUMN) operating in Agribusiness industry. The company is
established through mergers of PTP (PT Perkebunan) X, PTP XXXI,
development project of PTP XI in Lahat and development project or
PTPXXIII in Bengkulu Province. PTPT VII’s establishment was based on
Indonesian Government Regulation No. 12, February 14th 1996.
The company was founded by government regulation to implement and
and support Indonesian government’s policy in national and economic
development specially in plantation subsector.
PTPN VII area of operation including South Sumatera, Bengkulu and
Lampung with total main plantation area of 78,241 Ha, plasma area of
53,158 Ha and partnership area of 17,152 Ha.
In its operation, the company cultivates 4 types of commodities, which
are : rubber, CPO, sugar and tea. All of the commodities is processed
with modern technology, integrated management and supported by
highly skilled human recources
ADDRESS
Jl. Teuku Umar 300
Bandar Lampung - 35141
Phone : (0721) 702233 - (021) 8290152
Fax : (0721) 702775 - 707353, (021) 921-6026
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
298,765
55,256
381,493
743,176
360,471
60,953
2,022,748
575,527
658,094
1,233,621
1,000,000
365,000
0.37
1,000,000
405,035
789,126
403,927
49,767
481,920
950,513
388,492
43,821
2,409,310
731,089
680,939
1,412,028
1,000,000
365,000
0.37
1,000,000
613,191
997,282
35.20
-9.93
26.32
27.90
7.77
-28.11
19.11
27.03
3.47
14.46
N/A
51.39
26.38
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,348,848
1,880,171
468,676
160,314
308,362
-53,283
255,080
77,322
177,758
2,698,341
2,079,119
619,222
242,958
376,264
-51,294
324,970
74,130
252,595
14.88
10.58
32.12
51.55
22.02
3.73
27.40
-4.13
N/A
42.10
1.56
8.79
7.57
13.13
1.42
10.48
9.36
13.94
-9.43
19.30
23.70
6.22
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
244
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
Tahun 2004 Seri A
PVII01A
2.
3.
PVII01B
Tahun 2004 Seri B
PVII01C
Syari'ah Mudharabah
Tahun 2004
Listing
Date
Outstanding
(Rp Million)
215,000
10,000
75,000
29-Mar-04
29-Mar-04
29-Mar-04
Maturity
Date
26-Mar-09
26-Mar-11
26-Mar-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.875%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA
7 Years
Fixed: 14.125%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA
5 Years
Nisbah of Revenue Sharing Year
1: 2.64% & 3.61%; Year 2: 2.46%
& 3.44%; Year 3: 2.3% & 3.27%;
Year 4: 2.15% & 3.12%; Year 5:
2.01% & 2.97%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA (sy)
5 Years
TRADING HIGHLIGHT
PVII01A
Trading Volume
(Rp Billion)
100
15.0
80
12.0
60
9.0
40
6.0
20
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
12.011 13.321
26-Jan 14-Jun
12.011 13.321
12.006 13.321
12.009 13.321
WA1
2
2.11
0.77
Volume
3
3.9%
1.4%
Turnover
Modified Duration (Yrs): 5.513
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
13.108
19-Sep
13.415
12.263
12.365
36.00
67.0%
12.091 12.168
29-Nov 28-Mar
12.754 12.526
12.091 12.071
12.754 12.170
16.93
94.75
31.5% 176.3%
12.571
18-Jun
12.829
12.352
12.624
44.92
83.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PVII01B
No Transaction in the Year of 2007 and Q1-Q2 2008
PVII01C
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PVII01A
Low
High
12.006
13.415
Weighted Avg.
Executed
Yield (%)
12.754
TOTAL
% of Total
Turnover
Ratio
(%)
56
0.11
25.96%
56
0.11
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
5.513
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
36
PVII01A
Q2-2007
Q3-2007
Q4-2007
Outstanding
17
215
Outstanding
-
25
50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
75
100
-125
150
175
200
225
250
245
PWON PAKUWON JATI TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Mandiri Tower 15th Fl., Jl. Basuki Rahmat No. 8 - 12
Surabaya - 60261
Phone : (031) 531-1107, 531-1088
Fax : (031) 532-6726
BBB-(idn)
Property And Real Estate
Omar Ishananto
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
In 1991, Tunjungan Plaza II, a new 17 storey office and retail complex
built adjacent to Tunjungan Plaza, began leasing space to tenants. In
early 1994, the company established a wholly owned subsidiary named
PT Pakuwon Sentrawisata, a tourist hotel management company.
In February 1994, the company began construction of a 22 floor
condominium on a 0.3 Ha side in Surabaya with total floor space of 18
Ha, which is scheduled for completion at the end of 1995. On July 1994,
the company is offering 105 million shares in a right issue at 1:1 ratio
with price at Rp 2,100 per share. Of the funds raised in the issue, 85.7%
is to be used for acquisition of 27 million shares of PT Pakuan Darma,
and the remainder to strengthen the working capital and financing the
construction of Tunjangan Plaza III and reclamation of the Laguna View
project in Surabaya, East Java. At the end of 1994 the company got US$
50 million loan from 15 foreign banks which was also used for financing
the development of shopping center Tunjungan Plaza III.
On April 1998, the company postponed the construction of its two
prestigious projects i.e. Supermal Pakuwon Indah and Tunjungan Plaza
IV, both located at Surabaya, due to high interest rate, decreasing
consumer demand, and rupiah depreciation to US dollar.
Since March 1998, the company also postponed to pay its coupon
(Coupon I and Coupon II) worth Rp 350 billion. This default has been
reported by the company to the management of the Jakarta Stock
Exchange, while Pefindo has lowered the rank of Pakuwon bond from
idBB to idD.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
217,746
19,010
1,943
1,134,914
120
2,721,500
19,959
1,791,775
0.001
1,250,000
771,789
1,544
500
-551,680
929,725
142,663
39,798
2,686
1,575,869
3,115,215
28,291
2,019,122
82,699
1,250,000
771,789
7,718
100
-468,010
1,013,394
-34.48
109.36
38.23
N/A
38.85
-100.00
14.47
41.74
12.69
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
392,123
197,277
194,846
28,491
166,355
85,952
252,307
33,571
218,736
444,377
210,763
233,614
44,282
189,332
-78,236
111,096
24,755
-2,672
83,670
13.33
6.84
19.90
55.42
13.81
N/A
-55.97
-26.26
N/A
-61.75
1.93
8.04
55.78
42.42
1.99
2.69
18.83
42.61
3.38
-66.58
-66.25
0.43
8,269,903,300
400.00
-80.00
15.17
9.00
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
246
Code
PWON-01XX-BF
Series Name
I Tahun 1996
Outstanding
(Rp Million)
71,468
Listing
Date
02-Jul-96
Maturity
Date
28-Jun-12
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
SBI + 1.00%, max.
12.00%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
Rating
BBB(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PWON-01XX-BF
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
-
Last
Date
High
Low
Q3
-
Q4
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.832
-
-
Q1
Q2
-
12.366
29-Nov
12.368
12.366
12.367
190.43
1065.8%
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
PWON-01XX-BF
Low
High
12.366
12.368
% of Total
Turnover
Ratio
(%)
190
0.37
266.46%
190
0.37
TRADING VOLUME
(Billion Rp)
12.367
TOTAL
Modified
Duration (Yrs)
End of Year
5.832
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
PWON-01XX-BF -
Outstanding
190
Outstanding
71
-
20
-40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
120
140
160
180
200
247
RCTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RAJAWALI CITRA TELEVISI INDONESIA
:
:
:
:
:
ADDRESS
Jl. Raya Pejuangan
Kebon Jeruk, Jakarta - 11530
Phone : (021) 5303540 - 5303550
Fax : (021) 549-3846, 549-3838
idA
Advertising, Printing & Media
http://www.rcti.tv
Gilang Iskandar
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Launched in August 24, 1989 as the first private television station in
Indonesia, RCTI nowadays becomes the leading and the icon in the
broadcast industry. With the broadest coverage in the country, through
its 48 relay stations RCTI’s program can be reached up by about 180
million viewers in 302 cities or about 80% of the Indonesian population.
This demography condition combined with the superb programming
strategy which resulted by the good rating are ones of the distinctive
advantages possessed by RCTI and it becomes an appeal for the
advertisers to take their promotions in RCTI.
Since 2004, the management has been aware of the importance of
integration and synergy in the multimedia and broadcasting industry.
As a result, RCTI is synergized with other business units within PT.
Media Nusantara Citra (MNC) or other business units within PT. Global
Mediacom, Tbk.
RCTI has also continually provided its commitment to balance between
commercial and social aspects, therefore RCTI constantly carries out its
corporate social responsibility through both on air and off air activities.
Through on air activities, in order to ensure that the positive values is well
delivered to the society, RCTI implements a strict control to its program
content, especially against the violence, mystic and pornography
through internal censorship. While through off air activities, RCTI sets up
Jalinan Kasih and RCTI Peduli, the two social programs that facilitate the
community to take part and help those in need.
In association with a number of hospitals all over Indonesia, Jalinan
Kasih conducts a healthcare program by delivering the donation
from viewers to the helped patients who come from the poor society.
Meanwhile, RCTI Peduli organizes social activities in order to help the
victims of natural disasters such as an aids distribution, rehabilitation
and rebuilding public facilities. In terms of non-natural disaster, RCTI
Peduli deals with education, health, housing, community empowerment
and community development.
RCTI issued a Bond with Fixed Interest Rate which amounts to
Rp.550,000,000,000 (five hundred and fifty billion rupiah) in October
2003 of the terms for 5 (five) years. In accordance with the existing ProxyAuthority Agreement, Pefindo has rated RCTI’s Bonds in September
2007 with the result of Single A, Stable Outlook.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
310,749
525,406
357,137
1,223,312
269,618
13,486
1,615,597
199,193
916,553
1,115,746
1,000,000
298,940
299
1,000
200,911
499,851
282,798
597,934
443,318
1,372,766
283,841
10,517
1,710,504
580,395
538,790
1,119,185
1,000,000
298,940
299
1,000
292,379
591,319
-8.99
13.80
24.13
12.22
5.28
-22.01
5.87
191.37
-41.22
0.31
N/A
45.53
18.30
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,458,137
1,056,541
401,596
1,056,541
401,596
-150,671
250,925
76,877
174,048
1,579,754
1,126,183
453,570
1,126,183
453,570
-128,475
325,095
92,627
232,468
8.34
6.59
12.94
6.59
12.94
14.73
29.56
20.49
N/A
33.57
2.23
10.77
11.94
27.54
1.89
13.59
14.72
28.71
-15.21
26.15
23.28
4.25
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
248
Code
RCTI01XXBFTW
Series Name
Tahun 2003
Outstanding
(Rp Million)
220,000
Listing
Date
24-Oct-03
Maturity
Date
23-Oct-08
Issue
Term
Coupon
Payment
Date
Coupon
Structure
4/5 Years
Fixed: 13.50%
23-Jan-07
23-Apr-07
23-Jul-07
23-Oct-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RCTI01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q4
Q3
9.410
9.330
9.264
9.365
27-Mar 26-Jun 28-Sep 27-Dec
9.550
9.622
9.724 10.107
9.143
9.225
9.253
9.200
9.366
9.143
9.439
9.576
WA1
93.43 117.21 117.27 218.01
Volume2
97.1% 121.8% 121.8% 396.4%
Turnover3
Modified Duration (Yrs): 5.299
Last
Date
High
Low
Q1
Q2
9.362
8.869
28-Mar 26-Jun
9.408
8.875
9.163
8.583
9.338
8.875
27.29
84.10
49.6% 152.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
RCTI01XXBFTW
9.143
10.107
9.576
Executed Yield (%)
% of Total
Turnover
Ratio
(%)
545.9
1.052
248.15%
545.9
1.052
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
5.299
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
93
RCTI01XXBFTW
Q3-2007
117
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Q4-2007
Outstanding
117
220
Outstanding
I N D O N E S I A
Q2-2007
218
-150
200
250
300
350
400
450
500
550
249
RENT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CSM CORPORATAMA
:
:
:
:
:
ADDRESS
Jl. Hayam Wuruk No. 6
Jakarta Pusat - 10120
Phone : (021) 385-5465, 345-6560
Fax : (021) 381-0062
Ba1.id
Transportation
http://www.indorent.co.id
Gina M
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT CSM Corporatama was established as PT Central Sumahi Motor on
July 13, 1987. On Oktober 10, 2000. this corporate renamed as PT CSM
Corporatama. This corporation has mainfield on selling and car renting,
reparation, and merchandise. This corporate began its job in 1987.
As its main field, this corporate gives car renting services for short or
long term to the customer whether it is company or individual. This
corporate provide supporting services as well such as reparation and
old car selling
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
21,485
73,800
46,945
186,250
691,164
9,842
905,749
214,718
503,395
718,113
13,618
220,000
220,000
0.2
1,000,000
-45,896
174,018
14,700
95,585
30,328
176,245
665,386
69,991
930,356
314,525
437,080
751,605
11,064
220,000
220,000
0.2
1,000,000
-52,387
167,687
-31.58
29.52
-35.40
-5.37
-3.73
611.15
2.72
46.48
-13.17
4.66
-18.76
-14.14
-3.64
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
376,110
250,311
125,799
54,094
71,705
-70,415
921
2,629
1,860
151
393,524
265,770
127,754
59,713
68,041
-70,431
-1,829
7,777
3,115
-6,491
4.63
6.18
1.55
10.39
-5.11
-0.02
N/A
195.78
67.47
N/A
4.13
0.02
0.04
19.06
4.48
-0.70
-1.65
17.29
8.62
N/A
N/A
-9.31
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
Maturity
Date
Issue
Term
Coupon
Structure
4 Years
Fixed: 13.25%
Monthly
Payment
Ba1.id
Ijarah Fee
Rp13,250,000,000,-
Monthly
Payment
Ba1.id
No.
Code
Series Name
1.
RENT01B
I Tahun 2004 Seri B
100,000
12-Nov-04
11-Nov-08
2.
RENT01C
Syariah Ijarah I Tahun
2004
100,000
12-Nov-04
11-Nov-08
250
Coupon
Payment
Date
Listing
Date
Outstanding
(Rp Million)
4 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RENT01B
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)#
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
8.883
8.957
15-Mar 07-Jun
9.121
9.291
8.871
8.807
8.999
8.809
WA1
70.30
19.94
Volume2
281.2% 79.7%
Turnover3
Modified Duration (Yrs): 7.031
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.858
25-Sep
9.005
8.858
9.005
21.04
84.2%
8.665
8.733
27-Dec 18-Jan
8.923
9.283
8.733
8.662
8.778
8.781
17.54
90.04
70.2% 360.2%
8.405
17-Jun
8.470
8.319
8.470
17.68
70.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
RENT01C
Trading Volume
(Rp Billion)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)#
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.860
8.965
20-Mar 29-Jun
9.004
9.060
8.860
8.914
1
8.965
9.059
WA
15.59
23.93
Volume2
62.4% 95.7%
Turnover3
Modified Duration (Yrs): 7.308
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.828
27-Sep
9.048
8.783
8.783
16.51
66.0%
8.910
26-Dec
8.933
8.758
8.758
1.91
7.6%
8.779
8.405
12-Mar 14-May
8.779
8.419
8.626
8.349
8.779
8.419
2.62
10.25
41.0% 10.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
RENT01B
8.733
9.291
8.778
129
0.25
128.82%
7.031
2.
RENT01C
8.758
9.060
8.758
58
0.11
57.94%
7.308
187
0.36
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
70
RENT01B
Q4-2007
20
21
100
Outstanding
16
RENT01C
24
17
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
45
18
--
2
100
Outstanding
-
Outstanding
-60
75
90
105
120
135
150
251
RICY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RICKY PUTRA GLOBALINDO TBK
:
:
:
:
:
ADDRESS
Jl. Sawah Lio II No. 29 - 37
Jakarta - 11250
Phone : (021) 634-2330, 632-7770 (24 Lines)
Fax : (021) 633-8642
Baa1.id
Textile, Garment
Tjiong Tek Siong
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
11,688
87,532
195,419
323,055
190,185
2,966
516,488
156,682
64,812
221,495
2,929
576,000
320,859
642
500
-33,679
292,064
10,736
91,906
210,209
376,806
196,570
452
574,677
193,983
44,190
238,173
3,043
576,000
320,859
642
500
7,717
333,460
-8.15
5.00
7.57
16.64
3.36
-84.76
11.27
23.81
-31.82
7.53
3.91
N/A
14.17
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
417,810
307,194
110,615
47,163
63,453
-4,109
59,344
20,975
-143
38,226
425,584
310,483
115,100
51,330
63,770
-6,092
57,678
16,167
-114
41,396
1.86
1.07
4.05
8.84
0.50
-48.27
-2.81
-22.92
19.93
8.29
0.76
7.40
9.15
15.19
0.71
7.20
9.73
14.98
-5.82
-2.67
6.31
-1.34
BALANCE SHEETS
PT Ricky Putra Globalindo Tbk produces man underwear and clothes,
as a trader, including embroidering, printing and spinning. It’s factory
located in a piece of land for the width of 128.265 square meters in
Tarikolot, Citeureup, Bogor, West Java with the total of production
capacities equal to 9.877.000 dozen. While the distribution process and
marketing focussed in it’s head office located in Jl sawah Lio II, Jakarta,
for the width of 2.340 square meters.
Company’s Product:
1. Man Underwear
Company produces three man underwear to fulfill various market
segment action including class society, such as :
• Ricky Mens Brief (RMB); Ricky Tank Top (RTT); Ricky T Shirt
(RTS); Ricky T Shirt Colour ( RTSC).
• GT Man : This Product is targeted for middle class and consist
of four models including type of Spandex. Type of Elastic for the
children and adult.
• Ricsony : This Product is targeted for lower class and consist of
five types including for the children and adult.
2. Clothes
Company’s product is T-Shirt, polo shirt and jeans Ricky Premier,
Ricky Junior and woman clothes of Della and Stolla.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
252
Code
Series Name
RICY02
Syariah Ijarah I Tahun
2005
Outstanding
(Rp Million)
60,400
Listing
Date
13-Jul-05
Maturity
Date
12-Jul-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Ijarah Fee
Rp9,211,000,000 p.a
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RICY02
Trading Volume
(Rp Billion)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.840 11.391
07-Mar 25-May
11.561 11.391
10.840 10.161
10.840 10.161
WA1
3.55
4.59
Volume2
23.5% 30.4%
Turnover3
Modified Duration (Yrs): 6.832
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
Q1
Q2
11.226
27-Nov
11.226
11.226
11.226
2.09
13.8%
11.259 11.032
25-Feb 14-May
11.259 11.032
11.259 11.032
11.259 11.032
2.10
5.20
34.5% 13.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
RICY02
10.161
11.561
11.226
Executed Yield (%)
% of Total
Turnover
Ratio
(%)
10.2
0.020
16.94%
10.2
0.020
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
6.832
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
4
RICY02
Q2-2007
Q3-2007
Q4-2007
Outstanding
5 - 2
60
Outstanding
-
7
14
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
21
28
-35
42
49
56
63
70
253
RMBA BENTOEL INTERNATIONAL INVESTAMA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Rajawali, 21st Fl., Jl. Mega Kuningan Lot 5.1
Kawasan Mega Kuningan, Jakarta - 12951
Phone : (021) 576-1456
Fax : (021) 576-1388
idA
Tobacco Manufacturers
http://www.bentoel.co.id
Satrija Budi Wibawa
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bentoel Group is one of the major players in the Indonesia cigarette
industry with more than 75 year’s experience. The company is the sole
distributor of the cigarette products of its subsidiaries.
PT Bentoel Internasional Investama Tbk, the operation holding company,
is a publicly listed company on the Indonesia Stock Exchange. The
Bentoel Group consists of PT Bentoel Prima, PT Lestariputra Wirasejati,
PT Tresno. PT Taman Bentoel, PT Suburaman, PT Amiseta, PT Bintang
Boladunia, PT Bintang Pesona Jagat and PT Cipta Pesona Bintang.
Since 1991, Bentoel Group has been fully transformed from a family-run
company into a professional business entity. The operational excellence
of Bentoel Group is illustrated by its growth over the past three years
which has exceeded the industry average.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
273,691
108,106
842,688
1,693,183
560,160
1,897
2,347,942
1,053,455
103,459
1,156,914
1,077,300
336,656
6,733
50
600,859
1,191,027
593,803
116.96
59.48
172,412
2,106,726
150.00
3,138,040
85.33
615,954
9.96
3,036
60.02
3,859,160
64.36
842,737
-20.00
1,474,904 1,325.59
2,317,641
100.33
N/A
1,077,300
336,656
6,733
50
747,978
24.48
1,541,519
29.43
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,996,514
2,295,512
701,002
534,499
166,503
13,035
179,538
34,028
145,510
4,586,007
3,581,029
1,004,978
661,659
343,319
-62,235
281,084
38,167
242,917
53.04
56.00
43.36
23.79
106.19
N/A
56.56
12.16
N/A
66.94
0.97
6.20
4.86
5.56
1.50
6.29
5.30
7.49
54.78
1.57
9.08
34.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
254
Code
RMBA01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
1,350,000
Listing
Date
28-Nov-07
Maturity
Date
27-Nov-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.50%
27-Feb-08
27-May-08
27-Aug-08
27-Nov-08
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RMBA01
Trading Volume
(Rp Billion)
250
10.0
200
8.0
150
6.0
100
4.0
50
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.855
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
Q2
7.976
04-Dec
7.979
7.977
7.979
30.00
8.9%
7.983
19-Mar
8.069
7.831
7.981
217.53
64.5%
7.957
24-Jun
8.033
7.816
7.957
80.70
23.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
RMBA01
Low
7.977
High
Weighted Avg.
Executed
Yield (%)
7.979
7.979
TOTAL
% of Total
Turnover
Ratio
(%)
30
0.06
2.22%
30
0.06
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
9.855
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
RMBA01 - 30
1,350
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
450
600
-750
900
1,050
1,200
1,350
1,500
255
RUIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RADIANT UTAMA INTERINSCO TBK
:
:
:
:
:
ADDRESS
Radiant Utama Building, 2nd Fl.
Jl. Kapten Tendean No. 24, Jakarta - 12720
Phone : (021) 719-1020
Fax : (021) 719-1002
A3.id
Others
http://www.radiant-utama.com
Coki Lubis MA
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
47,481
206,114
1,709
269,034
43,298
1,591
329,879
164,918
14,762
179,680
8
240,000
77,000
770
100
42,219
150,191
52,861
230,613
1,759
349,358
41,694
4,528
412,624
121,440
111,039
232,479
10
240,000
77,000
770
100
72,020
180,135
11.33
11.89
2.91
29.86
-3.70
184.66
25.08
-26.36
652.18
29.38
19.76
70.58
19.94
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
801,091
702,620
98,470
42,549
55,922
-11,114
44,808
17,130
-2
27,676
890,978
780,966
110,012
54,104
55,909
-2,158
53,750
17,788
-2
35,960
11.22
11.15
11.72
27.16
-0.02
80.58
19.96
3.84
-20.77
29.93
1.20
8.39
3.45
6.98
1.29
8.71
4.04
6.27
7.88
3.88
16.82
-10.11
BALANCE SHEETS
PT Radiant Utama Interinsco – established on August 22, 1984 – is one
the companies in Radiant Utama Group with vast experience for more
than 30 years in oil & gas industry in Indonesia.
The company line of business including provision of technical services
such as supporting services for oil & gas sector from upstream to
downstream and other related industries, including provision of offshore
exploration facilities, offshore production facilities, inspection and
certification services as well as general trading.
Currently, PT Radiant Utama Interinsco with its two subsidiaries namely
PT Supraco Indonesia and PT Radiant Tunas Interinsco deals in four
business segments:
• Operation Support Services
• Inspection & Certification Services
• Offshore drilling and production facilities services
• Other services such as Environmental Impact assessment,
training, etc.
In addition, on November 11, 1985, PT Supraco Indonesia and Global
SantaFe formed a joint venture company called PT Santa Fe Supraco
Indonesia which doing business in provision of offshore drilling services
in Indonesia. Today, PT Santa FeSupraco Indonesia operate 2 (two) unit
jack-up rig in Total E&P Indonesia.
In April 2006, The Company got a US$110 million contract to provide an
offshore production facility (MOPU) on a lease-operate basis to Santos
to produce gas in Maleo field.
In 12 July 2006, The Company conducted Initial Public Offering and listed
its shares in Jakarta Stock Exchange. The Company issued Rp100 billion
Rupiah Bonds and listed in Surabaya Stock Exchange in July 2007.
The Company and its subsidiaries had been and will always commit
to give the best services to its customers. The commitment towards
quality and excellence services supported by ISO 9001:2000 awarded
in 2002 to the company and also OHSAS Certificate 18001:1999 and
ISO 14001:2004 regarding the Environmental, Health and Safety for
the Supporting activities and Operation on Technical and Inspection
Services.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
256
Code
RUIS01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
100,000
Listing
Date
13-Jul-07
Maturity
Date
12-Jul-11
Issue
Term
4 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.50%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
Rating
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RUIS01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30
12.5
24
10.0
18
7.5
12
5.0
6
2.5
-
-
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.375
N/A
N/A 26-Sep
N/A
9.377
N/A
N/A
N/A
9.366
N/A
N/A
N/A
9.376
WA1
N/A
N/A
27.01
Volume2
N/A
N/A 108.0%
Turnover3
Modified Duration (Yrs): 8.927
Last
Date
High
Low
Q4
Q1
Q2
9.614
13-Nov
9.614
9.614
9.614
9.82
39.3%
9.399
18-Feb
9.399
9.399
9.399
3.04
12.1%
9.377
26-Jun
9.404
9.309
9.309
15.00
60.0%
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
RUIS01
Low
High
9.366
% of Total
37
0.07
36.83%
37
0.07
(Billion Rp)
9.614
9.614
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.927
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
RUIS01 -
Q2-2007
27
Q3-2007
Q4-2007
Outstanding
10
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
-60
70
80
90
100
110
257
SBTR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SEMEN BATURAJA (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Abikusno Cokrosuyoso
Kertapati Palembang - 30258
Phone : (0711) 511261
Fax : (0711) 512126 - 510682
A3.id
Cement
Mansyursyah Nasution
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
91,065
35,658
85,254
218,689
404,432
4,155
627,275
142,614
332,508
475,121
100,000
60,414
60
1,000
91,739
152,154
113,020
27,133
80,861
225,221
383,950
7,588
616,759
207,048
237,819
444,867
100,000
60,414
60
1,000
111,478
171,892
24.11
-23.91
-5.15
2.99
-5.06
82.64
-1.68
45.18
-28.48
-6.37
N/A
21.52
12.97
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
525,288
373,859
151,429
68,857
82,572
-41,381
41,191
14,995
26,196
588,255
433,322
154,933
65,808
89,125
-36,024
53,102
19,252
33,850
11.99
15.91
2.31
-4.43
7.94
12.95
28.92
28.38
N/A
29.22
3.12
4.18
4.99
15.72
2.59
5.49
5.75
15.15
-17.12
31.42
15.39
-3.62
BALANCE SHEETS
This corporation is the company works in cement industry established
on November 14, 1974. with PT Semen Gresik and PT Semen Padang
as the stockholder. In 1978, 88% corporation’s stock was taken over by
government based on regulation no. 10/ 1978, thus PT semen Gresik
only has 7 % while PT Semen Padang only 5%.
In 1991 based on regulation no. 3/1991 about the addition of
government’s capital stock into corporation’s capital stock, therefore
Indonesia government has 100% of PT Semen Batu Raja’s stock.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
258
Code
SBTR01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
110,000
Listing
Date
23-Jun-04
Maturity
Date
22-Jun-10
Issue
Term
6 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.875%
22-Mar-07
22-Jun-07
22-Sep-07
22-Dec-07
Rating
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SBTR01
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
11.478
28-Jun
- 11.996
- 11.478
- 11.914
WA1
41.51
Volume2
- 103.8%
Turnover3
Modified Duration (Yrs): 3.212
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
11.492
28-Sep
11.569
11.483
11.507
8.41
21.0%
11.225
13-Dec
11.364
11.225
11.288
35.34
88.3%
Q1
Q2
-
12.201
25-Jun
12.202
11.717
11.780
44.72
162.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
SBTR01
Low
High
11.225
11.996
% of Total
Turnover
Ratio
(%)
85
0.16
53.29%
85
0.16
TRADING VOLUME
(Billion Rp)
11.288
TOTAL
Modified
Duration (Yrs)
End of Year
3.212
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
SBTR01 -
Q2-2007
42
Q3-2007
8
Q4-2007
Outstanding
35
160
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
120
259
SCTV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SURYA CITRA TELEVISI
:
:
:
:
:
ADDRESS
SCTV Tower - Senayan City
Jl. Asia Afrika Lot 19, Jakarta - 10270
Phone : (021) 2793-5555
Fax : (021) 2793-5444
idA
Advertising, Printing & Media
http://www.sctv.co.id
Hardijanto Saroso
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Surya Citra Televisi is a family TV station with a full and diverse spectrum
of programs and is the leading stations, as well as the most creative
and innovative, in Indonesia’s growing media industry. Together with
its holding company, PT Surya Citra Media Tbk, SCTV is fulfilling the
potential of the business to attain a worldwide reach, and pushing the
limits of traditional concepts of broadcasting to reach for a new paradigm
in the media industry.
SCTV’s current average audience share for 5+ ALL(SES) up to weeks
36, for the year 2008, ranks number one, from 10 Network TV Stations
with average 20%.
Beginning as a regional television station broadcasting from Surabaya in
1990, SCTV grew rapidly all over Indonesia, strengthening its position as
the most influential, respected and recognized TV station in Indonesia.
SCTV now reaches more than 240 cities through 47 transmission
stations, and has more than 175 million potential viewers.
SCTV has won broad acclaim for its operation performance and its
entertainment and news programs. This is reflected in the array of
national and international awards such as Asian Television Award, Seoul
Drama Award, Citra Pariwara, Panasonic Award, Festival Film Bandung,
Promax Award, Far East Economic Review Award and Asian Wall Street
Journal Award.
SCTV has already made the transition to a digital broadcast and
production platform, reflecting its policy of consistently adopting
advanced technology to improve performance and efficiency. To promote
digital TV migration in Indonesia, SCTV also plays an importance role to
support this action.
In the same spirit, this policy has put strong pressure on the Company
to enhance individual competencies in all fields in order to hone the
knowledge base while fostering talent, creativity and initiative. This is the
key to strengthening SCTV’s position as one of the leading broadcasters
in Indonesia.
The Company is listed on the Surabaya Stock Exchange in June 2003
and employs 1,300 people.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
152,847
342,918
187,457
696,934
296,566
6,625
1,031,521
231,484
446,103
677,587
300,000
230,000
230
1,000
123,934
353,934
674,140
480,231
202,193
1,387,736
316,717
7,818
1,798,214
723,261
590,877
1,314,138
300,000
230,000
230
1,000
254,075
484,075
341.06
40.04
7.86
99.12
6.79
18.02
74.33
212.45
32.45
93.94
N/A
105.01
36.77
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,193,004
942,630
250,374
942,630
250,374
-66,280
184,094
63,806
120,288
1,292,524
959,722
332,801
959,722
332,801
-80,376
252,425
82,263
170,162
8.34
1.81
32.92
1.81
32.92
-21.27
37.12
28.93
N/A
41.46
1.91
11.66
10.08
20.99
2.71
9.46
13.17
25.75
41.80
-18.85
30.57
22.69
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
260
Code
SCTV02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
575,000
Listing
Date
11-Jul-07
Maturity
Date
10-Jul-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.95%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SCTV02
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.214
N/A
N/A
N/A 31-Jul
N/A
N/A
9.281
N/A
9.178
N/A
N/A
N/A
9.228
WA1
N/A
N/A 204.30
Volume2
N/A
N/A 142.1%
Turnover3
Modified Duration (Yrs): 5.843
Last
Date
High
Low
Q4
Q1
Q2
9.597
18-Dec
9.621
9.255
9.319
50.20
34.9%
9.358
24-Mar
9.597
9.015
9.358
8.20
5.7%
9.153
25-Jun
9.955
8.953
9.955
23.76
16.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
SCTV02
Low
9.178
High
Weighted Avg.
Executed
Yield (%)
9.621
9.319
TOTAL
% of Total
Turnover
Ratio
(%)
255
0.49
44.26%
255
0.49
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
5.843
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
SCTV02 -
Q2-2007
204
Q3-2007
Q4-2007
Outstanding
50
575
Outstanding
-
60
120
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
180
240
300
-360
420
480
540
600
261
SIFC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SWADHARMA INDOTAMA FINANCE
:
:
:
:
:
ADDRESS
Wisma Indomobil I, 10th Fl.
Jl. MT. Haryono Kav. 8, Jakarta 13330
Phone : (021) 857-9095
Fax : (021) 857-4171
idBBBFinancial Institution
http://www.ptsif.com
M. Nur Alam
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
3,562
4,684
7,567
5,852
112.45
24.94
636,838
498,740
-21.68
16,571
35,988
40,239
873,449
759
772,252
0.05
54,000
54,000
0.05
1,000,000
47,197
101,197
8,290
14,438
15,293
716,010
724
633,149
0.05
54,000
54,000
0.05
1,000,000
28,861
82,861
-49.97
-59.88
-61.99
-18.03
N/A
-4.66
-18.01
-38.85
-18.12
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
185,790
280,979
-95,190
135,179
161,072
-25,893
-27.24
-42.67
N/A
72.80
Net Tax
Net Income
-29,362
-65,828
-7,557
-18,336
74.26
72.15
7.63
-7.54
-35.43
-51.24
7.64
-2.56
-13.56
-19.15
0.13
66.02
61.72
62.61
BALANCE SHEETS
PT Swadarma Indotama Finance ( SIF) activities in the field of financing.
Based on it’s license, SIF activity such as leasing, consumer financing
and factoring. At this time, SIF activity focused on leasing and consumer
financing.
1. Leasing : Types of leasing provided to customers such as where
lessee has first right to buy and has goods rented at the end of
the agreement.
2. Consumer financing : SIF gives consumer financing services,
provided into automotive ownership, capital goods, new or second
hand.
Factoring: The Activity is in the form of purchasing and or transferring
and managing account receivables
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
262
Code
SIFC03XXBFTW
SIFC04B
Series Name
III Tahun 2003
IV Tahun 2005 Seri B
Outstanding
(Rp Million)
213,700
97,300
Listing
Date
08-Jul-03
13-Jul-05
Maturity
Date
03-Jul-08
12-Jul-08
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
3 Years
Rating
Fixed: 15.50%
03-Jan-07
03-Apr-07
03-Jul-07
03-Oct-07
idBBB-
Fixed: 14.125%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idBBB-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SIFC03XXBFTW
Trading Volume
(Rp Billion)
125
15.0
100
12.0
75
9.0
50
6.0
25
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
14.227 13.554 13.875
30-Mar 28-Jun 19-Sep
14.964 14.012 14.616
13.993 13.537 13.273
14.215 13.909 13.875
WA1
114.34
95.48
70.06
Volume2
181.5% 162.5% 128.1%
Turnover3
Modified Duration (Yrs): 5.607
Last
Date
High
Low
Q1
Q2
3.214
14.292 13.860
27-Nov 28-Mar 06-Jun
3.891
14.318 14.101
2.865
13.890 13.663
14.318 13.860
3.188
64.13
29.62
57.18
55.4% 120.0% 107.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIFC04B
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
Q4
Q1
Q2
10.933 10.697 10.646 10.677 10.321
29-Mar 27-Jun 21-Sep 27-Dec 14-Mar
10.978 10.828 10.792 10.897 10.328
10.712 10.565 10.493 10.630 10.114
1
10.940 10.768 10.654 10.655 10.323
WA
39.26
63.56
53.51
83.34 103.02
Volume2
169.5% 174.0% 342.6% 423.5% 161.4%
Turnover3
Modified Duration (Yrs): 3.663
Last
Date
High
Low
3.462
06-Jun
3.520
3.397
3.472
22.98
94.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
SIFC03XXBFTW
13.273
14.964
14.318
310
0.60
144.83%
5.607
2.
SIFC04B
10.493
10.978
10.655
303
0.58
311.86%
3.663
613
1.18
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
114
SIFC03XXBFTW
Q4-2007
95
64
SIFC04B
-
30
83
103
-60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
30
--
54
97
Outstanding
Outstanding
70
214
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
90
120
150
180
210
240
270
300
330
263
SMRA SUMMARECON AGUNG TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Perintis Kemerdekaan No. 42
Jakarta Timur - 13210
Phone : (021) 489-2107, 471-4567
Fax : (021) 489-2976, 471- 4486
idAProperty And Real Estate
http://www.summarecon.com
Michael Yong
Bank Mandiri (Persero) Tbk
PROFILE
PT Summarecon Agung Tbk (SMRA) is located on Jakarta, that was
founded on November 26, 1975. In March 1, 1990, The Company was
going public (Initial Public Offering). The line of business of the company
is real estate and investing in land, property, apartment. The Company
is owned by PT Semarop Agung (26.18%), PT Sinarmegah Jayasentosa
(8.58%), PT Intimax Intraco (5.17%) and the others (60.07%) owned by
public.
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
116,749
97,430
519,195
24,035
860,553
125,390
2,191,817
93,783
1,215,084
992
1,000,000
275,409
2,754
100
654,878
975,742
301,320
223,791
395,475
30,144
1,295,643
99,434
3,029,483
66,967
1,518,263
5,959
1,000,000
321,310
3,213
100
818,258
1,505,262
158.09
129.69
-23.83
25.42
50.56
-20.70
38.22
-28.59
24.95
500.53
16.67
16.67
24.95
54.27
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
965,250
545,682
419,568
177,628
241,940
-27,631
214,309
45,826
-384
168,099
1,027,230
501,418
525,811
255,039
270,773
-36,900
233,872
73,164
-869
159,839
6.42
-8.11
25.32
43.58
11.92
-33.55
9.13
59.66
-126.51
-4.91
1.25
7.67
17.42
25.07
1.01
5.28
15.56
26.36
-19.00
-31.21
-10.65
5.16
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
264
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Code
Series Name
SIKSMRA01
Sukuk Ijarah I Tahun
2008
Outstanding
(Rp Million)
Listing
Date
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
25-Sep-08
1.
200,000
26-Jun-08
25-Jun-13
5 Years
Ijarah Fee Rp28,200,000,000 25-Dec-08
p.a
25-Mar-09
idA-(Sy)
25-Jun-09
SMRA01XXBFTW
2.
3.
150,000
I Tahun 2003
SMRA02
II Tahun 2008
100,000
11-Jul-03
26-Jun-08
08-Jul-08
25-Jun-13
5 Years
5 Years
Fixed: 15.125%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 14.10%
25-Sep-08
25-Dec-08
25-Mar-09
25-Jun-09
idA-
TRADING HIGHLIGHT
SIKSMRA01
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
15.0
40.0
12.0
30.0
9.0
20.0
6.0
10.0
3.0
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
12.757
30-Jun
12.768
12.757
12.757
44.82
89.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SMRA01XXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
11.876 11.696 11.682 11.976
12-Mar 26-Jun 18-Sep 26-Dec
13.788 11.745 12.526 11.976
11.872 11.652 11.629 11.801
11.897 11.662 11.824 11.859
WA1
109.82
33.62 186.86
57.09
Volume2
266.2% 81.5% 498.3% 152.2%
Turnover3
Modified Duration (Yrs): 3.098
Last
Date
High
Low
Q1
Q2
11.508
3.392
25-Mar 24-Jun
11.563
3.392
11.442
3.133
11.509
3.392
6.68
65.09
17.8% 173.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
265
SMRA02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2.50
15.0
2.00
12.0
1.50
9.0
1.00
6.0
0.50
3.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
12.768
25-Jun
12.768
12.768
12.768
2.00
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
SMRA01XXBFTW
Low
High
11.629
13.788
% of Total
Turnover
Ratio
(%)
387
0.75
258.25%
387
0.75
TRADING VOLUME
(Billion Rp)
11.859
TOTAL
Modified
Duration (Yrs)
End of Year
3.098
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
110
SMRA01XXBFTW
-
40
Q3-2007
Q4-2007
34
150
Outstanding
266
Q2-2007
80
Outstanding
187
57
-120
160
200
240
280
320
360
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
267
SOFN SUMMIT OTO FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Summitmas II 8th Floor
Jl. Jend. Sudirman Kav. 61-62, Jakarta - 12190
Phone : (021) 252-2788
Fax : (021) 252-2319, 252-6388
idAAA(cg)
Financial Institution
http://www.otofinance.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk
PROFILE
Initially established in 1990 as PT Summit Sinar Mas Finance, a joint
venture between PT Sinar Mas Multiartha and Sumitomo Corporation of
Japan, the Company had originally focused its activities on the corporate
leasing business. The name was changed to PT Summit Oto Finance
(“SOF”) in 2003 when the Company business shifted into the motorcycle
financing market in Indonesia.
SOF keeps on focusing its business activities in the financing of new
and used two-wheel vehicle, and as an independent finance company
SOF conducts financing activities without restricting to any single brand
or manufacturer so it does not have the risk of being limited by the
performance of any one brand.
Supported by 76 branches and service points throughout Indonesia,
SOF has been able to maintain its position as one of the leading players
in Indonesia motorcycle financing business.
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
268
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
151,429
5,504
603,803
20,944
298.74
280.52
3,477,474
3,558,751
2.34
62,230
47,561
3,825,596
1,686,281
28,111
2,885,999
2
1,000,000
945,179
2
500,000
41,188
939,597
55,635
68,284
4,358,535
1,211,754
7,608
3,345,011
2
1,000,000
945,179
2
500,000
89,545
1,013,524
N/A
-10.60
43.57
13.93
-28.14
-72.93
15.90
117.40
7.87
1,160,215
986,589
173,626
1,312,281
1,254,097
58,184
13.11
27.11
N/A
-66.49
53,372
120,255
9,827
48,357
-81.59
-59.79
3.07
3.14
10.36
14.96
3.30
1.11
3.68
4.43
7.45
-64.70
-64.45
-70.37
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
SOFN01B
1.
I Tahun 2006 Seri B
SOFN02A
3.
300,000
II Tahun 2007 Seri B
SOFN02C
5.
350,000
II Tahun 2007 Seri A
SOFN02B
4.
350,000
I Tahun 2006 Seri C
SOFN01C
2.
Outstanding
(Rp Million)
350,000
II Tahun 2007 Seri C
350,000
Listing
Date
10-Mar-06
10-Mar-06
09-Mar-07
09-Mar-07
09-Mar-07
Maturity
Date
09-Sep-08
09-Mar-09
08-Mar-09
08-Sep-09
08-Mar-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
30 Months
36 Months
24 Months
30 Months
36 Months
Rating
Fixed: 13.06%
09-Mar-07
09-Jun-07
09-Sep-07
09-Dec-07
idAAA
(cg)
Fixed: 12.89%
09-Mar-07
09-Jun-07
09-Sep-07
09-Dec-07
idAAA
(cg)
Fixed: 8.35%
08-Jun-07
08-Sep-07
08-Dec-07
08-Mar-08
idAAA
(cg)
Fixed: 8.65%
08-Dec-07
08-Mar-08
08-Jun-08
08-Sep-08
idAAA
(cg)
Fixed: 8.91%
08-Jun-07
08-Sep-07
08-Dec-07
08-Mar-08
idAAA
(cg)
TRADING HIGHLIGHT
SOFN01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
Q1-Q2 2008
Q3
9.839
9.682
20-Mar 15-Jun
9.681
9.838
9.681
9.838
9.681
9.838
WA1
4.09
2.02
Volume2
4.7%
2.3%
Turnover3
Modified Duration (Yrs): 8.242
Q4
-
Last
Date
High
Low
Q1
-
-
-
-
Q2
9.442
22-Feb
9.442
9.442
9.442
2.03
2.3%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SOFN01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
0.10
12.5
0.08
10.0
0.06
7.5
0.04
5.0
0.02
2.5
Executed
Yield (%)
Last
Date
High
Low
YEAR 2007
Q1
Q2
-
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.191
-
Q1-Q2 2008
Q4
9.790
27-Jul
9.790
9.790
9.790
0.05
0.1%
Q1
-
Q2
-
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
269
SOFN02A
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
-
Q4
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): .0
-
Q1
-
-
Q2
-
-
-
-
-
7.147
05-Jun
7.154
7.130
7.134
162.82
217.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SOFN02B
No Transaction in the Year of 2007 and Q1-Q2 2008
SOFN02C
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
SOFN01B
9.681
9.838
9.838
6.1
0.0118
1.75%
8.242
2.
SOFN01C
9.790
9.790
9.790
0.1
0.0001
0.01%
7.191
3.
SOFN02A
-
-
-
-
-
-
-
4.
SOFN02B
-
-
-
-
-
-
-
5.
SOFN02C
-
-
-
-
-
-
-
6.2
0.0119
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
TOTAL
270
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
SOFN01B
Outstanding
350
-
350
-
SOFN01C Outstanding
SOFN02A 300
Outstanding
-
SOFN02B Outstanding
350
-
350
-
SOFN02C Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
271
SONA SONA TOPAS TOURISM INDUSTRY TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Sudirman Tower 20th Fl., Jl. Jend. Sudirman Kav.60
Jakarta - 12190
Phone : (021) 521-3056/59 (Hunting)
Fax : (021) 521-3066
A1.id
Retail Trade
http://www.sonatopas.co.id
Budi Setiawan
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
24,034
6,091
84,286
131,509
131,509
405,200
105,171
170,457
275,627
150
330,000
82,800
331
250
46,623
129,423
56,784
9,344
87,394
176,539
275,818
469,053
151,082
172,562
323,643
166
330,000
82,800
331
250
62,444
145,244
136.27
53.41
3.69
34.24
109.73
N/A
15.76
43.65
1.23
17.42
10.77
33.93
12.22
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
282,901
148,388
134,514
110,604
23,910
-17,325
6,579
-1,209
-3
7,785
412,904
221,189
191,714
148,337
43,377
-24,703
18,674
2,837
-16
15,821
45.95
49.06
42.52
34.12
81.42
-42.59
183.83
N/A
-397.43
103.22
2.13
1.92
2.75
8.45
2.23
3.37
3.83
10.51
4.63
75.56
39.24
24.30
BALANCE SHEETS
PT Sona Topas Tourism Industry Tbk is an Indonesia-based travel and
tourism company. It is engaged in the selling and marketing of tickets,
including airlines and trains, guided tours and hotel rooms. It also
provides service to help its customers obtain travel documents. The
Company also operates duty-free shops in Jakarta and Bali through its
subsidiary, PT Inti Dufree Promosindo. The Company is headquartered
in Jakarta, Indonesia, and a member of the Mayapada Group.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
272
Code
Series Name
SONA01A
Tahun 2004
SONA01B
Syariah Ijarah Tahun
2004
Outstanding
(Rp Million)
100,000
52,000
Listing
Date
29-Jun-04
29-Jun-04
Maturity
Date
28-Jun-09
28-Jun-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.75%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
A1.id
Ijarah Fee
Rp7,670,000,000 p.a
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SONA01A
Trading Volume
(Rp Billion)
50.0
15.0
40.0
12.0
30.0
9.0
20.0
6.0
10.0
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
13.806
27-Mar
13.869
13.681
13.806
WA1
37.13
Volume2
148.5%
Turnover3
Modified Duration (Yrs): 1.606
Q3
-
Last
Date
High
Low
-
-
-
-
Q4
Q1
Q2
13.806
27-Dec
13.806
13.806
13.806
5.00
20.0%
13.805
03-Mar
13.805
13.805
13.805
5.00
20.0%
13.461
11-Jun
13.461
13.461
13.461
2.10
8.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SONA01B
Trading Volume
(Rp Billion)
15.0
15.0
12.0
12.0
9.0
9.0
6.0
6.0
3.0
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
12.756 13.374
18-Jan 29-Jun
12.864 13.754
12.756 13.374
1
13.561
12.756
WA
2.17
12.38
Volume2
16.7% 95.3%
Turnover3
Modified Duration (Yrs): 5.764
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
13.601
24-Jul
13.601
13.374
13.601
3.14
24.1%
13.104
27-Nov
13.190
13.104
13.147
8.44
64.9%
Q1
Q2
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
SONA01A
13.681
13.869
13.806
42
0.08
42.13%
1.606
2.
SONA01B
12.756
13.754
13.147
26
0.05
50.24%
5.764
68
0.13
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
37
SONA01A
-
Q3-2007
Q4-2007
Outstanding
5
Outstanding
--
100
2
SONA01B
12
3
8
Outstanding
--
52
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
273
TKIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PABRIK KERTAS TJIWI KIMIA TBK
:
:
:
:
:
ADDRESS
BII Plaza Tower II, 9th Fl.,
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9001 - 3 ext. 2033
Fax : (021) 392-6179 ; 392-7685
idBBBPulp & Paper
http://www.tjiwi.co.id
Agustian R. Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Pabrik Kertas Tjiwi Kimia Tbk is:
• One of the world’s largest vertically integrated paper and stationery
manufacturers.
• A major player in prime markets in Japan, Australia, Middle East,
USA, Europe and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its paper products.
• A Company that directly employs approximately 13,000 employees.
• Committed to sustainability in all its operations.
PT Pabrik Kertas Tjiwi Kimia Tbk was established on October 2, 1972.
The Company is located in Desa Kramat Tumenggung, in the subdistrict
of Tarik in Sidoarjo, East Java. The Company has been listed on the
Indonesia Stock Exchanges since 1990.
The main business activity of the Company presently is the production of
writing and printing papers, both coated and uncoated. The Company also
produces a wide range of converted stationery and office products such
as exercise books, writing pads, loose leaf, spirals, envelopes, computer
form, gift wrapping paper, shopping bags and fancy products which have
gained good responses from international markets. In line with market
demand, the Company produces higher value added products including
carbonless paper and cast coated paper and board.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
266,689
1,023,283
2,673,621
5,897,981
10,795,617
19,102,295
2,261,075
11,799,890
14,060,965
5,000,000
1,335,702
1,336
1,000
-79,191
5,041,330
299,054
1,780,465
3,033,952
6,717,247
11,267,198
20,413,709
2,651,850
12,405,700
15,057,550
5,000,000
1,335,702
1,336
1,000
12,094
5,356,159
12.14
74.00
13.48
13.89
4.37
N/A
6.87
17.28
5.13
7.09
N/A
N/A
6.24
8,633,893 10,877,859
7,511,688 9,386,828
1,122,205 1,491,031
991,285 1,098,925
130,920
392,106
-306,120
-314,079
-175,200
78,026
396,172
-16,716
-571,372
94,742
25.99
24.96
32.87
10.86
199.50
-2.60
N/A
N/A
N/A
N/A
2.79
-2.99
-6.62
1.52
Change %
2.81
0.46
0.87
3.60
0.79
N/A
N/A
137.72
AS OF JUNE 2008
No.
1.
2.
274
Code
TKIM02A
TKIM02B
Series Name
I Tahun 1996 Seri A
I Tahun 1996 Seri B
Outstanding
(Rp Million)
51,374
100,000
Listing
Date
25-Oct-04
25-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Coupon
Payment
Date
Coupon
Structure
Issue
Term
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idBBB-
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idBBB-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TKIM02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2.50
20.0
2.00
16.0
1.50
12.0
1.00
8.0
0.50
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
18.583 10.113
31-Jan 04-Jun
19.273 10.113
18.584 10.113
18.584 10.113
WA1
2.05
0.82
Volume2
11.2%
5.0%
Turnover3
Modified Duration (Yrs): 4.470
Q4
-
Last
Date
High
Low
Q1
-
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TKIM02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
20.0
20.0
16.0
15.0
12.0
10.0
8.0
5.0
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
18.583 10.113
31-Jan 04-Jun
19.273 13.490
18.584 10.113
1
12.991
18.584
WA
2.80
20.50
Volume2
11.2% 82.0%
Turnover3
Modified Duration (Yrs): 5.501
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
-
Q1
-
-
-
15.768
- 16-May
- 15.768
- 15.768
- 15.768
5.50
22.0%
-
-
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
TKIM02A
10.113
19.273
10.113
3
0.01
4.90%
4.470
2.
TKIM02B
10.113
19.273
12.991
23
0.04
23.30%
5.501
26
0.05
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TKIM02A
Q2-2007
Q3-2007
Q4-2007
Outstanding
2
Outstanding
--
59
3
TKIM02B
21
--
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
275
TRAC SERASI AUTORAYA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Mitra Sunter Boulevard Blok C-2 Kav 90
Jakarta 14350
Phone : (021) 266-05333
Fax : (021) 651-0628
idATransportation
http://www.trac.astra.co.id
Hendra Tanujaya
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Serasi Autoraya (SERA) was established on March 22, 1990, located
in Jakarta. The Company has 17 branches and 16 outlets spreading
in Indonesia. The Company is managed to become one of the largest
car rental companies in Indonesia, focusing on car rental services for
corporate segment with long-term contracts. The Company is a member
of Astra Group, who owns 100.0% of the company’s shares.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
45,372
89,804
28,493
276,023
1,589,009
2,443
1,877,488
446,854
1,021,014
1,467,868
19,106
800,000
210,000
210
1,000
192,404
390,514
74,311
119,820
56,747
360,701
1,759,435
7,233
2,141,245
576,763
1,117,894
1,694,657
23,675
800,000
210,000
210
1,000
218,975
422,914
63.78
33.42
99.16
30.68
10.73
196.10
14.05
29.07
9.49
15.45
23.91
13.81
8.30
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,129,967
799,112
330,855
143,949
186,906
-154,579
32,327
12,662
1,098
20,763
1,725,311
1,291,631
433,680
201,830
231,851
-175,096
56,755
17,062
-4,469
35,224
52.69
61.63
31.08
40.21
24.05
-13.27
75.56
34.75
N/A
69.65
3.76
1.11
1.84
16.54
4.01
1.65
2.04
13.44
6.61
48.75
11.11
-18.76
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
276
Code
TRAC01XXBFTW
Series Name
Amortisasi I Tahun 2003
Outstanding
(Rp Million)
41,250
Listing
Date
14-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.875%
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TRAC01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
-
10.612
18-Apr
- 10.616
- 10.612
- 10.614
WA1
43.24
Volume2
98.1%
Turnover3
Modified Duration (Yrs): 5.794
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.572
26-Sep
11.621
10.513
11.621
8.47
20.5%
10.632
03-Dec
10.700
10.597
10.599
21.17
68.4%
10.346
3.410
28-Mar 16-Jun
10.515
3.474
10.232
3.164
10.346
3.454
9.17
16.93
44.5% 164.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
TRAC01XXBFTW
Low
High
10.513
11.621
% of Total
Turnover
Ratio
(%)
73
0.14
58.90%
73
0.14
TRADING VOLUME
(Billion Rp)
10.599
TOTAL
Modified
Duration (Yrs)
End of Year
5.794
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TRAC01XXBFTW -
Q2-2007
43
8
Q4-2007
Outstanding
21
124
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
277
TRIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TRIMEGAH SECURITIES TBK
:
:
:
:
:
idASecurities Company
http://www.trimegah.com
Rosinu
Bank Rakyat Indonesia (Persero) Tbk
PROFILE
PT Trimegah Securities Tbk. is an Indonesia-based financial services
company. The Company’s principal activities are Equity Capital Markets
and Debt Capital Markets that facilitate equity and bond transactions;
Investment Banking that provides bonds and equity underwriting service,
arranger as well as financial advisory; and Asset Management that meets
financial needs of clients through innovative mutual and discretionary
funds. In addition, Trimegah Shariah was founded to serve clients with
products and services that comply with sharia principles in the capital
market.
Trimegah Securities has received various awards including “The Best
Securities Company – Capital Market Award 2004”, “The Best Securities
Company – Capital Market Award 2006”, “The Best Retail Government
Bond (ORI) Selling Agent”.
The Company is headquartered in Jakarta, Indonesia with its head office
at Artha Graha Building, Jalan Jendral Sudirman and has 21 branches
and representative offices in 17 major cities throughout Indonesia.
ADDRESS
Artha Graha Building 18th, 19th & 30th Fl.,
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-2345
Fax : (021) 515-2320
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Dec-2006
Dec-2007
167,693
22,678
-
148,282
4,842
-
Change %
-11.58
-78.65
N/A
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
16,383
863
29,902
10,593
12,076
838,606
1,334
418.52
84,947
-100.00
159.58
77,620
13,028
23.00
8,378
-30.62
1,677,268
100.01
16,292 1,121.34
5
167,939
452,032
680,000
182,750
3,655
50
218,653
386,574
387,780
1,234,850
680,000
182,750
3,655
50
279,829
442,417
-100.00
130.90
173.18
N/A
27.98
14.45
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
217,673
122,452
95,221
-18,162
77,058
5,363
71,695
342,280
188,196
154,084
-30,750
123,334
27,615
95,719
57.25
53.69
61.82
-69.30
60.05
414.94
N/A
33.51
1.17
8.55
32.94
43.74
2.79
5.71
27.97
45.02
138.70
-33.25
-15.10
2.91
Recievables from Customers
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
278
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
TRIM01
1.
2.
II Tahun 2007 Seri A
TRIM02B
4.
41,350
I Tahun 2004
TRIM02A
3.
Outstanding
(Rp Million)
100,000
II Tahun 2007 Seri B
TRIM02C
50,000
II Tahun 2007 Seri C
150,000
Listing
Date
14-Jul-04
13-Jul-07
13-Jul-07
13-Jul-07
Maturity
Date
13-Jul-09
22-Jul-08
12-Jul-09
12-Jul-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
370 Days
2 Years
3 Years
Rating
Fixed: 12.875%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idA-
Fixed: 10.00%
22-Oct-07
22-Jan-08
22-Apr-08
22-Jul-08
idA-
Fixed: 10.375%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
idA-
Fixed: 10.875%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
idA-
TRADING HIGHLIGHT
TRIM01
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q2
Q1
Q3
-
-
10.069
- 02-May
- 10.114
- 10.000
- 10.091
WA1
7.24
Volume2
70.0%
Turnover3
Modified Duration (Yrs): 8.209
Last
Date
High
Low
Q4
-
Q2
Q1
10.093
16-Nov
10.093
10.093
10.093
1.52
14.7%
-
10.034
21-Apr
10.034
10.034
10.034
0.20
1.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TRIM02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
7.772
N/A
N/A 27-Sep
N/A
7.833
N/A
N/A
N/A
N/A
7.772
N/A
N/A
7.833
WA1
N/A
N/A
94.03
Volume2
N/A
N/A 376.1%
Turnover3
Modified Duration (Yrs): 9.815
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.764
16-Nov
7.779
7.714
7.717
12.73
50.9%
7.420
29-Feb
7.422
7.415
7.421
2.50
10.0%
3.462
06-Jun
3.462
3.441
3.462
23.16
92.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
279
TRIM02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
N/A
N/A
8.685
N/A
N/A 14-Sep
N/A
N/A
8.685
N/A
N/A
8.682
1
N/A
N/A
8.685
WA
N/A
N/A
21.80
Volume2
N/A
N/A 174.4%
Turnover3
Modified Duration (Yrs): 6.887
Q1
-
-
Last
Date
High
Low
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRIM02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
Q1-Q2 2008
Q4
N/A
N/A
9.015
9.126
N/A
N/A 28-Sep 28-Dec
N/A
N/A
9.015
9.133
N/A
N/A
8.960
9.103
N/A
N/A
8.984
9.107
WA1
N/A
N/A 187.98
49.84
Volume2
N/A
N/A 501.3% 132.9%
Turnover3
Modified Duration (Yrs): 4.756
Last
Date
High
Low
Q1
Q2
9.103
9.022
24-Jan 30-Jun
9.103
9.022
9.094
9.022
9.098
9.022
9.99
50.82
26.6% 135.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.02
21.17%
8.209
107
0.21
106.76%
9.815
22
0.04
43.60%
6.887
238
0.46
158.55%
4.756
375
0.72
TRADING VOLUME
No.
Code
Low
High
1.
TRIM01
10.000
10.114
10.093
9
2.
TRIM02A
7.714
7.833
7.717
3.
TRIM02B
8.682
8.685
8.685
4.
TRIM02C
8.960
9.133
9.107
TOTAL
280
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
TRIM01 - 7 2
41
Outstanding
TRIM02A -
--
94
13
--
100
Outstanding
TRIM02B -
22
50
Outstanding
--
TRIM02C -
188
50
150
Outstanding
-
25
50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
75
-100
125
150
175
200
225
250
281
TRJE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TRUBA JAYA ENGINEERING
:
:
:
:
:
ADDRESS
Wisma P.S.M, Jl. Swadaya II No. 7
Tanjung Barat Jagakarsa, Jakarta - 12530
Phone : (021) 780-3300; 789-1481; 781-5760
Fax : (021) 780-1054, 782-3968, 782-1505
idBBB+
Construction
http://www.trubagroup.com
Hanan Arifin
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
In year 1976 the company was established as a joint venture of PT Tri
Usaha Bakti Group of Indonesia with Jurong Engineering Limited of
Singapore under the name of PT Truba Jurong Engineering. It continues
to participate in global development especially in the field of power,
industrial, oil & gas, mining and fertilizer plants.
The company has been serving the industry over 30 years of proven
track record having participated or involved in most of the Major Power
and Industrial Projects in Indonesia. It is gaining foothold in the Middle
East market and focused in developing reputation in Saudi Arabia power
generation sector.
To cope with rapidly growing market, especially in Power and Oil & Gas
sectors, re-structuring has taken place in PT. Truba Jurong Engineering.
PT Truba Alam Manunggal has approved purchase of 98.3% of PT
Truba Jurong Engineering shares (45% from Jurong Engineering Ltd.
Singapore, 51% from PT Tri Usaha Bakti and 2.3% from others). By its
subsidiaries, now they have “one stop” solution to meet power generation
requirements comprising, investment if required, Project Management,
EPC and Operation & Maintenenace.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
45
313
5
72
631
148
297
2
200,000
150,000
150
1,000
183
333
294
545.61
503
60.68
7
22.27
176
N/A
88
22.51
N/A
1,732
174.32
163
10.02
497
67.50
1
-14.12
4,800,000 2,300.00
1,200,000
700.00
12,000 7,900.00
100
-90.00
-81.56
34
1,234
270.40
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
830
727
102
64
38
-9
34
11
-0
23
1,152
1,010
143
85
58
-7
62
21
0
41
38.87
38.77
39.55
32.51
51.26
25.61
79.99
94.13
N/A
76.28
0.89
3.66
2.78
4.63
0.40
2.35
3.53
5.04
-54.78
-35.74
26.94
8.93
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
282
Code
TRJE01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
09-Jan-08
Maturity
Date
08-Jul-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
2,5 Years
Fixed: 11.75%
08-Oct-08
08-Jan-09
08-Apr-09
08-Jul-09
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TRJE01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
N/A 10.175
N/A 25-Feb
N/A 10.183
N/A 10.173
N/A 10.176
N/A
75.00
N/A 150.0%
Q2
10.364
17-Jun
10.508
10.020
10.508
28.49
57.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
283
TUFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TUNAS FINANCINDO SARANA
:
:
:
:
:
ADDRESS
Jl. Pasar Minggu No. 7
Jakarta - 12740
Phone : (021) 794-4788, 794-0777
Fax : -
idAFinancial Institution
Mirati H. Andiyana
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Tunas Baru Lampung Tbk is an Indonesia-based agribusiness
company. Its principal activities include processing and producing palmcooking oil, coconut cooking oil, crude coconut oil, crude palm oil (CPO)
and soap.
The Company is also engaged in the operation of palm and hybrid
plantations. The Company’s subsidiaries, which are engaged in the
operation of palm and pineapple plantations and crude palm oil factory,
include PT Bumi Sentosa Abadi, PT Bangun Nusa Indah Lampung, PT
Budi Dwiyasa Perkasa, PT Adikarya Gemilang, PT Bangun Tatalampung
Asri, PT Budinusa Ciptawahana and PT Agro Bumi Mas. Headquartered
in Jakarta, Indonesia, the Company operates production facilities in
Lampung, Surabaya, Tangerang, Palembang and Kuala Enok and
manages plantations in Terbanggi Besar and Banyuasin.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
Million Rp except Par Value
Dec-2007
42,305
17,569
47,305
5,763
11.82
-67.20
1,707,408
2,040,910
19.53
6,478
5,787
1,847,866
2,377
1,589,386
500
250,000
65,000
130
500
180,705
258,480
5,585
5,991
2,141,038
21,060
1,805,147
500
250,000
65,000
130
500
74,006
335,891
N/A
-13.79
3.53
15.87
N/A
785.99
13.58
-59.05
29.95
447,108
431,870
15,238
457,378
337,028
120,350
2.30
-21.96
N/A
689.80
2,377
12,861
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
Dec-2006
35,618 1,398.44
558.83
84,732
5.37
3.96
18.53
26.31
6.15
0.70
2.88
3.41
-12.60
468.62
544.04
672.07
AS OF JUNE 2008
No.
1.
2.
284
Code
TUFI03C
TUFI04B
Series Name
III Tahun 2005 Seri C
IV Tahun 2007 Seri B
Outstanding
(Rp Million)
100,000
100,000
Listing
Date
11-Jul-05
23-Feb-07
Maturity
Date
08-Jul-08
22-Feb-09
Issue
Term
3 Years
2 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.25%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 10.40%
22-May-07
22-Aug-07
22-Nov-07
22-Feb-08
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
Outstanding
(Rp Million)
Series Name
TUFI04C
IV Tahun 2007 Seri C
350,000
Listing
Date
23-Feb-07
Maturity
Date
22-Feb-10
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 11.00%
22-May-07
22-Aug-07
22-Nov-07
22-Feb-08
idA-
idA-
4.
TUFI05A
V Tahun 2008 Seri A
350,000
21-Feb-08
27-Feb-09
370 Days
Fixed: 10.00%
27-May-08
27-Aug-08
27-Nov-08
27-Feb-09
5.
TUFI05B
V Tahun 2008 Seri B
25,000
21-Feb-08
20-Feb-10
2 Years
Fixed: 10.50%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
Fixed: 11.00%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
Fixed: 11.25%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
6.
TUFI05C
7.
V Tahun 2008 Seri C
TUFI05D
50,000
V Tahun 2008 Seri D
175,000
21-Feb-08
21-Feb-08
20-Feb-11
20-Feb-12
3 Years
4 Years
TRADING HIGHLIGHT
TUFI03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
10.978 12.593 10.886 11.034 10.378
3.070
26-Mar 26-Jun 04-Sep 28-Dec 18-Mar 10-Jun
11.237 12.593 10.915 11.034 10.692
3.226
10.849 10.938 10.654 10.825 10.378
3.070
10.979 10.940 10.832 10.985 10.378
3.070
WA1
32.50
46.47
34.45
42.53
52.68
26.13
Volume2
185.9% 137.8% 170.1% 130.0% 210.7% 104.5%
Turnover3
Modified Duration (Yrs): 3.183
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI04B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
7.837
7.806
7.820
22-Feb 28-Jun 28-Sep
7.887
7.820
7.839
7.807
7.806
7.820
7.869
7.838
7.820
WA1
1.00
36.13
69.95
Volume2
4.0% 144.5% 279.8%
Turnover3
Modified Duration (Yrs): 9.879
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.772
7.748
7.750
13-Dec 10-Mar 30-Jun
7.779
7.803
7.806
7.738
7.703
7.696
7.801
7.776
7.803
17.07 103.62
58.90
68.3% 414.5% 235.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
285
TUFI04C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
8.083
8.146
30-Mar 22-Jun
8.112
8.146
8.073
8.068
1
8.083
8.122
WA
185.74 181.99
Volume2
212.3% 208.0%
Turnover3
Modified Duration (Yrs): 9.664
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
8.065
8.074
25-Sep 05-Dec
8.118
8.204
8.074
8.039
8.082
8.062
30.26 131.90
34.6% 150.7%
Q1
Q2
8.056
28-Mar
8.088
8.056
8.057
61.48
70.3%
8.156
30-Jun
8.304
8.133
8.296
77.30
88.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI05A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.650
7.698
N/A 25-Mar 26-Jun
N/A
7.686
7.703
N/A
7.650
7.535
N/A
7.650
7.702
N/A 225.61 260.84
N/A 257.8% 298.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI05B
No Transaction in Q1-Q2 2008
TUFI05C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
8.078
10-Mar
8.078
8.078
8.078
6.00
48.0%
Q2
-
1
-
-
Q1-07
286
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TUFI05D
Trading Volume
(Rp Billion)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
8.194
18-Feb
8.194
8.194
8.194
6.00
13.7%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
TUFI03C
10.654
12.593
10.985
156
0.30
155.95%
3.183
2.
TUFI04B
7.738
7.887
7.801
124
0.24
124.15%
9.879
3.
TUFI04C
8.039
8.204
8.062
530
1.02
151.40%
9.664
810
1.56
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TUFI03C
46
Outstanding
34
100
TUFI04B
36
Outstanding
43
TUFI04C
Q3-2007
Q4-2007
32
17
-
186
182
Outstanding
30
350
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Outstanding
-
70
100
Q2-2007
E X C H A N G E
132
200
250
300
350
400
450
500
550
287
UNIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
UNGGUL INDAH CAHAYA TBK
:
:
:
:
:
ADDRESS
Wisma UIC 2nd Fl., Jl. Gaotot Subroto Kav. 6 - 7
Jakarta - 12930
Phone : (021) 579-05100
Fax : (021) 579-05111/05222
idAChemicals
http://www.uic.co.id
Lily Setiadi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Unggul Indah Cahaya Tbk (UIC) was established on February 7,
1983. The Company is a sole producer of Alkylbenzene (AB) one of main
raw materials of detergent. PT Unggul Indah Cahaya Tbk is currently
considered as a company with the biggest one-location installed
production capacity in Asia Pacific region.
The Company main products are Linear Alkylbenzene (LAB) and
Branched Alkylbenzene (BAB). The Company produces Heavy Alkylate
(HA) and Light Alkylate (LA) as by-products. The Company runs its
production activities using technology obtained through a license
agreement with UOP LLC, USA.
To further strengthen its position in Asia Pacific region, the Company
has made some investments in several companies engaged in similar
industries in Indonesia, Vietnam, Singapore, Australia, and New Zealand.
In 2006, the Company acquired 40% ownership of Fang Cheng Tian-Mu
Chemical Co., Ltd, a company dealing with the production of phosphoric
acid in China.
The Company’s ability in providing high quality products and giving the
best services to its customers have received an international recognition.
This has been proved by International Quality Standard certification ISO
9001:2000 since 2003.
ISO 14001:1996 was also obtained in 2004 as recognition of the
Company’s continuous effort in preserving the environment. The
two certificates have been obtained from an international accredited
institution, SGS Systems & Services Certification, located in USA, UK,
and Australia / New Zealand.
In 2005, the Company added property to its business portfolio through
the acquisition of PT Wiranusa Grahatama, a company engaged in
developing office buildings and apartments located in the central
business district of Jakarta.
.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
97,231
425,165
783,920
1,357,275
928,452
53,719
2,747,039
794,147
788,899
1,583,046
53,270
580,000
191,666
383
500
428,619
1,110,723
184,286
428,170
611,548
1,247,035
926,349
44,887
2,623,497
1,150,491
214,119
1,364,610
54,493
580,000
191,666
383
500
480,535
1,204,394
89.53
0.71
-21.99
-8.12
-0.23
-16.44
-4.50
44.87
-72.86
-13.80
2.30
12.11
8.43
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,917,451
2,594,385
323,066
224,569
98,497
-68,783
30,281
19,897
897
11,280
3,001,992
2,674,341
327,650
208,563
119,087
-71,834
47,157
13,082
-871
33,204
2.90
3.08
1.42
-7.13
20.90
-4.43
55.73
-34.25
N/A
194.37
1.43
0.41
0.39
3.38
1.13
1.27
1.11
3.97
-20.50
208.23
186.08
17.50
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
288
Code
UNIC01AXBFTW
UNIC01BXBVTW
Series Name
I Tahun 2003 Seri A
I Tahun 2003 Seri B
Outstanding
(Rp Million)
443,000
44,000
Listing
Date
29-Oct-03
29-Oct-03
Maturity
Date
28-Oct-08
28-Oct-08
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.875%
28-Jan-07
28-Apr-07
28-Jul-07
28-Oct-07
idA-
Year 1: 12.875%; Year 2-5:
ATD 3 Months + 2.5%
(max. 15%, min. 8%)
28-Jan-07
28-Apr-07
28-Jul-07
28-Oct-07
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
UNIC01AXBFTW
Trading Volume
(Rp Billion)
175
10.0
140
8.0
105
6.0
70
4.0
35
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.979
8.972
27-Mar 28-Jun
9.161
9.154
8.911
8.875
8.913
8.898
WA1
105.41
71.03
Volume2
75.8% 51.1%
Turnover3
Modified Duration (Yrs): 6.949
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.925
28-Sep
8.925
8.859
8.925
11.19
8.1%
8.841
18-Dec
8.905
8.779
8.835
19.64
14.1%
8.759
8.387
28-Mar 25-Jun
8.554
8.843
8.265
8.725
8.759
8.324
64.09 159.18
46.1% 143.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
UNIC01BXBVTW
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.009
7.852
07-Mar 26-Jun
7.853
8.009
7.782
8.009
1
7.782
8.009
WA
2.00
28.78
Volume2
18.2% 261.7%
Turnover3
Modified Duration (Yrs): 8.136
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
7.776
19-Sep
7.777
7.777
7.777
3.04
27.6%
Q1
-
Q2
7.768
7.765
14-Mar 17-Jun
7.770
7.835
7.768
7.765
7.769
7.800
54.80
23.96
498.2% 217.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
UNIC01AXBFTW
8.779
9.161
8.835
207
0.40
37.28%
6.949
2.
UNIC01BXBVTW
7.777
8.009
7.777
34
0.07
76.87%
8.136
241
0.46
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
UNIC01AXBFTW
Q2-2007
105
71
Q3-2007
Outstanding
11 20
Outstanding
--
556
29
UNIC01BXBVTW
44 --
Outstanding
-
60
120
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
180
240
300
360
420
480
540
600
289
WOMF WAHANA OTTOMITRA MULTIARTHA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Mega Glodok Kemayoran Office Tower B, 2nd Fl.
Jl. Angkasa Kav. B-6 Bandar Kemayoran, Jakarta - 10610
Phone : (021) 2664-6600
Fax : (021) 2664-6611
idAFinancial Institution
http://www.wom.co.id/
Fenfira Tedja
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Wahana Ottomitra Multiartha (WOM Finance), is a credit financing
company providing a motorbike loan is committed to improving its
customer satisfaction. The Company was established on March 23,
1982, located in Jakarta.
As today WOM Finance is still focusing its business in financing
motorbike loan and in 2003 it had financed 180,000 units of motorbike
loan worth Rp. 1.55 trillion. It is a 60% increase from 2002 which was
only 110,000 units or Rp. 945 billions. The 2003 record is much higher
than the national growth in the motorbike business which is only 15%.
The motorbike business is estimated to have a 10 to 15% growth or
around 3 million units this year. According to research up to 60% of sales
is from loans. This is a very feasible figure to do business. WOM Finance
is expecting to have 70 branches by the end of this year. It had 58
branches last year. It also expects to have a 50% increase in business
which equals to Rp 2.25 trillions or a 250,000-unit of motorbike loans. If
business is running as the management has expected, WOM Finance
will book a profit of more than Rp. 100 billions in 2004.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
80,460
28,087
100,512
58,805
24.92
109.37
4,501,390
4,354,705
-3.26
125,555
30,350
39,777
4,845,316
911,376
5,443
4,222,002
5,000
500,000
200,000
2,000
100
312,900
623,314
152,040
32,713
57,134
4,812,511
1,029,177
3,625
4,460,564
5,000
500,000
200,000
2,000
100
41,533
351,947
21.09
7.79
43.64
-0.68
12.93
-33.39
5.65
-86.73
-43.54
1,067,062
938,572
128,490
128,490
1,231,151
1,576,686
-345,536
15.38
67.99
-100.00
N/A
37,602
90,888
-104,169
-241,367
N/A
N/A
6.77
1.88
8.52
12.04
12.67
-5.02
-19.60
-28.07
87.11
N/A
N/A
N/A
AS OF JUNE 2008
No.
1.
2.
290
Code
WOMF02C
WOMF03B
Series Name
II Tahun 2005 Seri C
III Tahun 2006 Seri B
Outstanding
(Rp Million)
170,000
465,000
Listing
Date
08-Jun-05
08-Jun-06
Maturity
Date
07-Jun-09
07-Jun-09
Issue
Term
4 Years
3 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.90%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
Fixed: 15.15%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
Series Name
WOMF03C
4.
WOMF04A
5.
WOMF04B
6.
Outstanding
(Rp Million)
WOMF04C
III Tahun 2006 Seri C
160,000
IV Tahun 2007 Seri A
225,000
IV Tahun 2007 Seri B
185,000
IV Tahun 2007 Seri C
590,000
Listing
Date
08-Jun-06
30-May-07
30-May-07
30-May-07
Maturity
Date
07-Jun-10
29-May-10
29-May-11
29-Nov-11
Issue
Term
4 Years
36 Months
48 Months
54 Months
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 15.35%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
Fixed: 11.25%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idA-
Fixed: 11.625%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idA-
Fixed: 12.00%
29-Feb-08
29-May-08
29-Aug-08
29-Nov-08
idA-
TRADING HIGHLIGHT
WOMF02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
9.955 10.164
07-Mar 25-Jun
9.955 10.164
9.955
9.820
1
9.955
10.083
WA
1.02
17.30
Volume2
2.4% 40.7%
Turnover3
Modified Duration (Yrs): 7.802
Last
Date
High
Low
Q3
Q4
Q1
Q2
9.945
27-Sep
10.163
9.811
10.028
39.38
92.7%
9.892
13-Dec
10.028
9.876
9.912
28.77
67.7%
9.797 10.058
26-Mar 19-Jun
9.912 10.710
9.710
9.807
9.797 10.132
10.44 226.34
24.6% 532.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF03B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
10.566 10.264 10.327 10.258 10.280 10.570
08-Mar 28-Jun 20-Sep 27-Dec 18-Feb 20-Jun
10.653 10.745 10.744 10.387 10.392 10.575
10.141 10.171 10.201 10.092 10.208 10.303
10.566 10.171 10.327 10.249 10.291 10.570
WA1
264.92 168.16 237.20 300.23 342.93 350.92
Volume2
227.9% 144.7% 204.0% 258.3% 295.0% 301.9%
Turnover3
Modified Duration (Yrs): 7.908
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
291
WOMF03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
10.422 11.110 10.747 10.485
20-Mar 25-Jun 27-Sep 05-Dec
10.422 11.110 11.059 10.684
10.014 10.166 10.047
9.896
1
10.422
10.181
10.049
10.010
WA
21.99
33.11
66.72
92.62
Volume2
55.0% 82.8% 166.8% 231.5%
Turnover3
Modified Duration (Yrs): 1.972
Last
Date
High
Low
Q1
Q2
10.710 10.500
04-Feb 11-Jun
10.710 10.744
10.093 10.569
10.710 10.743
12.04
54.20
30.1% 135.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF04A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
7.469
N/A 28-Jun
N/A
7.469
N/A
7.462
N/A
7.463
WA1
N/A
5.51
Volume2
N/A
9.8%
Turnover3
Modified Duration (Yrs): 5.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.947
26-Sep
5.948
5.926
5.926
16.52
29.4%
8.377
31-Oct
8.377
7.308
8.377
9.65
17.1%
5.958
27-Feb
5.959
5.953
5.959
44.01
78.2%
7.525
30-Jun
7.528
7.416
7.526
39.37
70.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF04B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
8.633
N/A 28-Jun
N/A
8.633
N/A
8.633
1
N/A
8.633
WA
N/A
45.00
Volume2
N/A 97.3%
Turnover3
Modified Duration (Yrs): 9.260
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.631
26-Sep
8.633
8.541
8.572
24.65
53.3%
8.569
13-Dec
8.591
8.470
8.582
17.15
37.1%
8.515
8.734
22-Jan 30-Jun
8.515
8.734
8.505
8.519
8.510
8.524
30.66
52.08
66.3% 112.6%
1
-
-
Q1-07
292
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
WOMF04C
Trading Volume
(Rp Billion)
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
N/A
8.726
8.706
8.691
N/A 06-Jun 28-Sep 14-Dec
N/A
8.813
8.819
8.765
N/A
8.712
8.640
8.601
N/A
8.755
8.724
8.601
WA1
2
N/A
31.96
212.28
281.82
Volume
N/A 21.7% 143.9% 191.1%
Turnover3
Modified Duration (Yrs): 9.071
Last
Date
High
Low
Q2
8.787
8.986
25-Mar 19-Jun
8.799
9.312
8.031
8.413
8.756
8.413
142.01 193.70
96.3% 131.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
WOMF02C
9.811
10.164
9.912
86
0.17
50.87%
7.802
2.
WOMF03B
10.092
10.745
10.249
971
1.87
208.71%
7.908
3.
WOMF03C
9.896
11.110
10.010
214
0.41
134.02%
1.972
4.
WOMF04A
5.926
8.377
8.377
32
0.06
14.08%
5.026
5.
WOMF04B
8.470
8.633
8.582
87
0.17
46.92%
9.260
6.
WOMF04C
8.601
8.819
8.601
526
1.01
89.16%
9.071
1,916
3.69
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
39 29
WOMF02C
-
170
Outstanding
168
WOMF03B
-
465
Outstanding
WOMF03C 22 33
93
67
-
160
Outstanding
300
237
WOMF04A -
225
Outstanding
WOMF04B -
45
-
185
Outstanding
WOMF04C - 32
282
212
-
590
Outstanding
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
300
400
500
600
700
800
900
1,000
293
WSKT WASKITA KARYA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Waskita Building
Jl. MT Haryono Kav. X No. 10 Cawag, Jakarta 13340
Phone : (021) 850-8520, 850-8510
Fax : (021) 850-8506
idBBB+
Building Construction
http://www.waskita.co.id
Elisabeth Wiria
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Waskita Karya (WSKA) was established on January 1, 1961, that
was initially owned by the Dutch colony under its previous name of
“Volker Aannemings Maatschappij NV”, is now a state owned company
and widely known as one of the biggest companies in construction
sector. The company’s main business is still construction services with
specialization in general civil works, building, and steel constructions
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
85,694
537,765
128,322
7,117
135,718
8,224
1,940,753
469,200
1,615,217
720,000
180,000
0.2
1,000,000
145,536
325,536
69,450
416,270
147,019
7,117
127,143
27,155
1,963,778
518,109
1,606,729
720,000
180,000
0.2
1,000,000
176,706
357,050
-18.96
-22.59
14.57
-6.32
230.20
1.19
10.42
-0.53
N/A
21.42
9.68
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,769,041
2,535,946
233,096
102,000
138,631
-57,915
80,716
25,860
54,855
2,317,348
2,103,508
213,840
103,537
104,710
-53,771
50,939
16,835
34,104
-16.31
-17.05
-8.26
1.51
-24.47
7.16
-36.89
-34.90
N/A
-37.83
4.96
2.83
1.98
5.01
4.50
1.74
1.47
4.52
-9.31
-38.56
-25.71
-9.75
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
294
Code
WSKT01BXBFTW
Series Name
I Tahun 2003 Seri B
Outstanding
(Rp Million)
46,250
Listing
Date
20-Nov-03
Maturity
Date
19-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.25%
19-Feb-07
19-May-07
19-Aug-07
19-Nov-07
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
WSKT01BXBFTW
Trading Volume
(Rp Billion)
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.188
- 22-May
9.224
9.188
9.206
WA1
6.26
Volume2
54.1%
Turnover3
Modified Duration (Yrs): 7.994
-
Last
Date
High
Low
Q3
-
Q4
Q1
Q2
9.375
14-Dec
9.375
9.151
9.163
8.25
71.3%
9.036
8.809
15-Jan 24-Jun
9.113
8.845
9.036
8.807
9.075
8.809
4.15
19.42
35.9% 167.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
WSKT01BXBFTW
High
Low
9.151
Weighted Avg.
Executed
Yield (%)
% of Total
15
0.03
31.37%
15
0.03
(Billion Rp)
9.163
9.375
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.994
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
WSKT01BXBFTW -
6
-
Q2-2007
Q3-2007
Outstanding
8
46
Outstanding
-
5
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
15
20
-25
30
35
40
45
50
295
BOND MARKET
D I R E C T O R Y
2 0 0 8
INDONESIA BOND MARKET DIRECTORY 2008
ISBN : 978-979-95474-1-5
Sanksi Pelanggaran Pasal 44 Undang-undang No. 12 Tahun 1997 tentang Perubahan Atas Undang-undang
Nomor 6 Tahun 1982 Tentang Hak Cipta sebagaimana telah diubah dengan Undang-undang Nomor 7 Tahun
1987.
1.
Barang siapa dengan sengaja dan tanpa hak mengumumkan atau memperbanyak suatu ciptaan atau
memberi izin untuk itu, dipidana dengan pidana penjara paling lama 7 (tujuh) tahun dan/atau denda paling
banyak Rp 100.000.000 (seratus juta rupiah)
2.
Barang siapa dengan sengaja menyiarkan, memamerkan, mengedarkan atau menjual kepada umum suatu
ciptaan atau barang hasil pelanggaran Hak Cipta sebagaimana yang dimaksud dalam ayat (1), dipidana
dengan pidana penjara paling lama 5 (lima) tahun dan/atau denda paling banyak Rp 50.000.000 (lima puluh
juta rupiah)
PREFACE
This book is released to publish information about the condition of the Indonesian bond market in 2007 and 1st
Semester of 2008. Bond Book contents statistical data of listed bonds transaction and information of the bond
issuing companies.
We really hope that this book can give a useful information to the public about bond market condition in
Indonesia in 2007 and 1st Semester of 2008. At last, we thanks to all parties that gives support to the completion
of this book.
Jakarta, October 2008
CONTENTS
Page
FOREWARDS
GOVERNMENT BONDS
...........................................................................................................................................................................................................................................................
2
CORPORARE BONDS
No. CODE COMPANY NAME
Page
1.
ADHI
ADHI KARYA (PERSERO) TBK
2.
ADMF
ADIRA DINAMIKA MULTIFINANCE TBK
3.
AIRJ
AETRA AIR JAKARTA (FORMERLY: THAMES PAM JAYA)
4.
ALFA
ALFA RETAILINDO TBK
5.
6.
7.
ASDF
ASTRA SEDAYA FINANCE
8.
ASGR
ASTRA GRAPHIA TBK
9.
BASS
BAHTERA ADIMINA SAMUDRA TBK
10.
BBIA
BANK UOB BUANA TBK
11.
BBKP
BANK BUKOPIN TBK
12.
BBMI
BANK SYARIAH MUAMALAT INDONESIA TBK
......................................................................................................................................................................
60
13.
BBNI
BANK NEGARA INDONESIA (PERSERO) TBK
......................................................................................................................................................................
62
14.
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK
........................................................................................................................................................................
64
15.
BBSM
BANK SYARIAH MANDIRI
.......................................................................................................................................................................................................................
66
16.
BBTN
BANK TABUNGAN NEGARA (PERSERO)
17.
BCAF
BCA FINANCE
18.
BDKI
BANK DKI (BPD DKI)
19.
BDMN
BANK DANAMON INDONESIA TBK
20.
BDSS
BANK SUMSEL (BPD SUMATERA SELATAN)
21.
BETA
BETA INTI MULTIFINANCE
22.
BEXI
BANK EKSPOR INDONESIA (PERSERO)
23.
BFIN
BFI FINANCE INDONESIA TBK
24.
BFNC
BHAKTI FINANCE
25.
BJBR
BANK JABAR BANTEN
26.
BJTM
BANK JATIM (BPD JAWA TIMUR)
27.
BLAM
BANK LAMPUNG (BPD LAMPUNG)
28.
BLTA
BERLIAN LAJU TANKER TBK
29.
BNIS
BNI SECURITIES
30.
BNLI
BANK PERMATA TBK
.................................................................................................................................................................................................................................
106
31.
BNTB
BANK NTB (BPD NTB)
32.
BRAM
INDO KORDSA TBK
33.
BRNA
BERLINA TBK
34.
BSDE
BUMI SERPONG DAMAI TBK
35.
BSEC
BHAKTI SECURITIES
36.
BSLT
BANK SULUT (BPD SULAWESI UTARA)
37.
BTEL
BAKRIE TELECOM TBK
38.
BVIC
BANK VICTORIA INTERNATIONAL TBK
39.
CFIN
CLIPAN FINANCE INDONESIA TBK
40.
CLPK
CILIANDRA PERKASA
............................................................................................................................................................................................................
.......................................................................................................................................................................................
26
28
.........................................................................................................................................
32
............................................................................................................................................................................................................................
34
APEX
APEXINDO PRATAMA DUTA TBK ......................................................................................................................................................................................................
36
APOL
ARPENI PRATAMA OCEAN LINE TBK
..........................................................................................................................................................................................
38
.....................................................................................................................................................................................................................
40
..............................................................................................................................................................................................................................
50
..............................................................................................................................................................................................
52
............................................................................................................................................................................................................................
54
...................................................................................................................................................................................................................................
56
..................................................................................................................................................................................
68
...................................................................................................................................................................................................................................................
72
....................................................................................................................................................................................................................................
.................................................................................................................................................................................................
76
80
........................................................................................................................................................................
82
.....................................................................................................................................................................................................................
84
...................................................................................................................................................................................
86
...........................................................................................................................................................................................................
90
...........................................................................................................................................................................................................................................
92
...............................................................................................................................................................................................................................
.....................................................................................................................................................................................................
94
96
.................................................................................................................................................................................................
98
...............................................................................................................................................................................................................
102
.............................................................................................................................................................................................................................................
104
................................................................................................................................................................................................................................
108
......................................................................................................................................................................................................................................
110
....................................................................................................................................................................................................................................................
112
...............................................................................................................................................................................................................
114
..................................................................................................................................................................................................................................
116
.....................................................................................................................................................................................
118
............................................................................................................................................................................................................................
120
......................................................................................................................................................................................
122
................................................................................................................................................................................................
124
................................................................................................................................................................................................................................
126
No. CODE COMPANY NAME
Page
41.
CMNP
CITRA MARGA NUSAPHALA PERSADA TBK
.........................................................................................................................................................................
128
42.
CPIN
CHAROEN POKPHAND INDONESIA TBK
43.
DNRK
DANAREKSA (PERSERO)
44.
DUTI
DUTA PERTIWI TBK
45.
ELTY
BAKRIELAND DEVELOPMENT TBK
46.
EXCL
EXCELCOMINDO PRATAMA TBK
47.
FIFA
FEDERAL INTERNATIONAL FINANCE
48.
FREN
MOBILE-8 TELECOM TBK
49.
HITS
HUMPUSS INTERMODA TRANSPORTASI TBK
50.
HMSP
HANJAYA MANDALA SAMPOERNA TBK
51.
IATG
INFOASIA TEKNOLOGI GLOBAL TBK
52.
IDSR
INDOSIAR VISUAL MANDIRI
53.
IJPA
INDO JASA PRATAMA
54.
INDF
INDOFOOD SUKSES MAKMUR TBK
55.
INKP
INDAH KIAT PULP & PAPER TBK
56.
ISAT
INDOSAT TBK
57.
JPFA
JAPFA COMFEED IDONESIA TBK
58.
JPOS
JAWA POS
59.
JPRO
JAKARTA PROPERTINDO
60.
JSMR
JASA MARGA (PERSERO) TBK
61.
KLBF
KALBE FARMA TBK
62.
KREN
KRESNA GRAHA SEKURINDO TBK
63.
LPPI
LONTAR PAPYRUS PULP & PAPER INDUSTRY
64.
LTLS
LAUTAN LUAS TBK
65.
MAIN
MALINDO FEEDMILL TBK
66.
MASP
MASPION
67.
MAYA
BANK MAYAPADA INTERNASIONAL TBK
68.
MEDC
MEDCO ENERGI INTERNASIONAL TBK
69.
MEGA
BANK MEGA TBK
70.
MLSS
MULIAGLASS
71.
MPPA
MATAHARI PUTRA PRIMA TBK
72.
MYOR MAYORA INDAH TBK
73.
NEFI
NEWERA FOOTWEAR INDONESIA
74.
NISP
BANK NISP TBK
75.
OTMA
OTO MULTIARTHA
76.
PANS
PANIN SEKURITAS TBK
77.
PIDL
PINDO DELI PULP AND PAPER MILLS
78.
PJAA
PEMBANGUNAN JAYA ANCOL TBK
79.
PLJA
PAM LYONNAISE JAYA
80.
PNBN
BANK PAN INDONESIA TBK
81.
PPGD
PERUM PEGADAIAN
82.
PPLN
PERUSAHAAN LISTRIK NEGARA (PERSERO)
83.
PTPN
84.
PTPV
85.
PVII
PERKEBUNAN NUSANTARA VII (PERSERO)
86.
PWON PAKUWON JATI TBK
87.
RCTI
RAJAWALI CITRA TELEVISI INDONESIA
88.
RENT
CSM CORPORATAMA
..................................................................................................................................................................................
130
.......................................................................................................................................................................................................................
132
.....................................................................................................................................................................................................................................
136
...............................................................................................................................................................................................
138
....................................................................................................................................................................................................
140
.........................................................................................................................................................................................
142
.......................................................................................................................................................................................................................
146
....................................................................................................................................................................
148
....................................................................................................................................................................................
150
...........................................................................................................................................................................................
152
.................................................................................................................................................................................................................
154
................................................................................................................................................................................................................................
156
..............................................................................................................................................................................................
158
.....................................................................................................................................................................................................
160
...................................................................................................................................................................................................................................................
162
...................................................................................................................................................................................................
170
...........................................................................................................................................................................................................................................................
172
......................................................................................................................................................................................................................
174
..........................................................................................................................................................................................................
176
......................................................................................................................................................................................................................................
180
...............................................................................................................................................................................................
182
.................................................................................................................................................................
184
.......................................................................................................................................................................................................................................
186
.......................................................................................................................................................................................................................
188
..............................................................................................................................................................................................................................................................
190
.................................................................................................................................................................................
192
.....................................................................................................................................................................................
196
...........................................................................................................................................................................................................................................
198
.....................................................................................................................................................................................................................................................
200
..........................................................................................................................................................................................................
202
..................................................................................................................................................................................................................................
204
................................................................................................................................................................................................
206
...............................................................................................................................................................................................................................................
208
........................................................................................................................................................................................................................................
...........................................................................................................................................................................................................................
210
212
........................................................................................................................................................................................
214
...............................................................................................................................................................................................
216
.............................................................................................................................................................................................................................
218
.................................................................................................................................................................................................................
222
...................................................................................................................................................................................................................................
226
.....................................................................................................................................................................
232
PERKEBUNAN NUSANTARA III (PERSERO)
...........................................................................................................................................................................
238
PERKEBUNAN NUSANTARA V (PERSERO)
............................................................................................................................................................................
242
.........................................................................................................................................................................
244
...................................................................................................................................................................................................................................
246
...................................................................................................................................................................................
248
................................................................................................................................................................................................................................
250
No. CODE COMPANY NAME
Page
89.
RICY
RICKY PUTRA GLOBALINDO TBK
90.
RMBA
BENTOEL INTERNATIONAL INVESTAMA TBK
91.
RUIS
RADIANT UTAMA INTERINSCO TBK
92.
SBTR
SEMEN BATURAJA (PERSERO)
93.
SCTV
SURYA CITRA TELEVISI
94.
SIFC
SWADHARMA INDOTAMA FINANCE
95.
SMRA
SUMMARECON AGUNG TBK
96.
SOFN
SUMMIT OTO FINANCE
97.
SONA
SONA TOPAS TOURISM INDUSTRY TBK
98.
TKIM
PABRIK KERTAS TJIWI KIMIA TBK
99.
TRAC
SERASI AUTORAYA
100.
TRIM
TRIMEGAH SECURITIES TBK
.............................................................................................................................................................................................................
278
101.
TRJE
TRUBA JAYA ENGINEERING
...............................................................................................................................................................................................................
282
102.
TUFI
TUNAS FINANCINDO SARANA
...........................................................................................................................................................................................................
284
103.
UNIC
UNGGUL INDAH CAHAYA TBK
...........................................................................................................................................................................................................
288
104.
WOMF WAHANA OTTOMITRA MULTIARTHA TBK
105.
WSKT
...................................................................................................................................................................................................
252
......................................................................................................................................................................
254
.............................................................................................................................................................................................
256
.......................................................................................................................................................................................................
258
..........................................................................................................................................................................................................................
260
.............................................................................................................................................................................................
262
...............................................................................................................................................................................................................
264
............................................................................................................................................................................................................................
268
.................................................................................................................................................................................
272
.................................................................................................................................................................................................
274
.....................................................................................................................................................................................................................................
276
WASKITA KARYA (PERSERO)
...............................................................................................................................................................................
290
............................................................................................................................................................................................................
294
FOREWORDS
This publication is designated as a service to domestic investors and other capital market participants, as part of the nation-wide efforts in
educating and improving the dissemination of capital market information. These efforts are important in carrying out the task of expanding the
domestic investor base.
To improve the future editions of this publication, the readers’ comments and feedback would be highly appreciated.
Jakarta, October 2008
Research and Product Development Division
Indonesia Stock Exchange
© 2008 Indonesia Stock Exchange. All rights reserved.
Disclaimer :
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
G O V E R N M E N T
B O N D S
MINISTRY OF FINANCE, REPUBLIC OF INDONESIA
GOVERNMENT BOND
Issuer
: Ministry of Finance, Republic of Indonesia
Phone
: (62-021) 381-0175
Direktorat Pengelolaan Surat Utang Negara (DPSUN)
Website : http://www.dmo.or.id
Profile : Fundamental Duty of Directorat Management of Government Securities Management is executing formula of policy,
development, and implementing in bond management area. Bond management including issuing, sale, redemption
obligation accountancy and administration, and operation of risk of portofolio obligation, and also development of
obligation market, pursuant to technical policy which specified by Minister for Finance and current law and regulation.
Directorat Management of Government Securities Management have a purpose to realize bond institution which reliable
State, transparent, and accountable in interest expenses minimization effort on a long term at risk storey level able to be
controlled
As of June 2008
FIXED RATE
Listing
Date
Maturity
Date
Coupon
Obligasi Pemerintah Tahun 1999 Seri FR0002
01-Feb-00
15-Jun-09
14.00%
4 months
14,924,493,000,000
Obligasi Pemerintah Tahun 2002 Seri FR0010
03-Dec-02
15-Mar-10
13.15%
4 months
9,983,678,000,000
FR0011
Obligasi Pemerintah Tahun 2002 Seri FR0011
03-Dec-02
15-May-10
13.15%
4 months
800,000,000,000
4.
FR0012
Obligasi Pemerintah Tahun 2002 Seri FR0012
03-Dec-02
15-May-10
12.63%
4 months
1,725,141,000,000
5.
FR0013
Obligasi Pemerintah Tahun 2002 Seri FR0013
03-Dec-02
15-Sep-10
15.43%
4 months
4,733,601,000,000
6.
FR0014
Obligasi Pemerintah Tahun 2002 Seri FR0014
03-Dec-02
15-Nov-10
15.58%
4 months
1,205,947,000,000
7.
FR0015
Obligasi Pemerintah Tahun 2002 Seri FR0015
03-Dec-02
15-Feb-11
13.40%
4 months
5,620,938,000,000
8.
FR0016
Obligasi Pemerintah Tahun 2002 Seri FR0016
03-Dec-02
15-Aug-11
13.45%
4 months
4,118,937,000,000
9.
FR0017
Obligasi Pemerintah Tahun 2002 Seri FR0017
03-Dec-02
15-Jan-12
13.15%
4 months
8,245,063,000,000
10.
FR0018
Obligasi Pemerintah Tahun 2002 Seri FR0018
03-Dec-02
15-Jul-12
13.18%
4 months
5,915,062,000,000
11.
FR0019
Obligasi Pemerintah Tahun 2002 Seri FR0019
03-Dec-02
15-Jun-13
14.25%
4 months
11,856,341,000,000
12.
FR0020
Obligasi Pemerintah Tahun 2002 Seri FR0020
03-Dec-02
15-Dec-13
14.28%
4 months
11,856,341,000,000
13.
FR0021
Obligasi Negara RI Seri FR0021
27-Dec-02
15-Dec-10
14.50%
4 months
2,328,000,000,000
14.
FR0022
Obligasi Negara RI Seri FR0022
10-Apr-03
15-Sep-11
12.00%
4 months
7,331,000,000,000
15.
FR0023
Obligasi Negara RI Seri FR0023
11-Sep-03
15-Dec-12
11.00%
4 months
13,432,500,000,000
16.
FR0024
Obligasi Negara RI Seri FR0024
06-Nov-03
15-Oct-10
12.00%
6 months
4,404,000,000,000
17.
FR0025
Obligasi Negara RI Seri FR0025
29-Apr-04
15-Oct-11
10.00%
6 months
6,749,000,000,000
18.
FR0026
Obligasi Negara RI Seri FR0026
27-Aug-04
15-Oct-14
11.00%
6 months
11,382,000,000,000
19.
FR0027
Obligasi Negara RI Seri FR0027
28-Jan-05
15-Jun-15
9.50%
6 months
10,900,000,000,000
20.
FR0028
Obligasi Negara RI Seri FR0028
24-Feb-05
15-Jul-17
10.00%
6 months
10,100,000,000,000
21.
FR0030
Obligasi Negara RI Seri FR0030
20-May-05
15-May-16
10.75%
6 months
5,330,000,000,000
22.
FR0031
Obligasi Negara RI Seri FR0031
17-Jun-05
15-Nov-20
11.00%
6 months
11,469,000,000,000
23.
FR0032
Obligasi Negara RI Seri FR0032
06-Sep-05
15-Jul-18
15.00%
6 months
1,560,000,000,000
24.
FR0033
Obligasi Negara RI Seri FR0033
27-Jan-06
15-Mar-13
12.50%
6 months
9,945,000,000,000
25.
FR0034
Obligasi Negara RI Seri FR0034
27-Jan-06
15-Jun-21
12.80%
6 months
10,379,000,000,000
26.
FR0035
Obligasi Negara RI Seri FR0035
17-Feb-06
15-Jun-22
12.90%
6 months
6,600,000,000,000
27.
FR0036
Obligasi Negara RI Seri FR0036
20-Apr-06
15-Sep-19
11.50%
6 months
3,711,000,000,000
28.
FR0037
Obligasi Negara RI Seri FR0037
19-May-06
15-Sep-26
12.00%
6 months
2,450,000,000,000
29.
FR0038
Obligasi Negara RI Seri FR0038
25-Aug-06
15-Aug-18
11.60%
6 months
3,083,000,000,000
30.
FR0039
Obligasi Negara RI Seri FR0039
25-Aug-06
15-Aug-23
11.75%
6 months
4,175,000,000,000
31.
FR0040
Obligasi Negara RI Seri FR0040
22-Sep-06
15-Sep-25
11.00%
6 months
12,914,000,000,000
32.
FR0041
Obligasi Negara RI Seri FR0041
13-Oct-06
15-Nov-08
9.25%
6 months
1,100,000,000,000
33.
FR0042
Obligasi Negara RI Seri FR0042
26-Jan-07
15-Jul-27
10.25%
6 months
14,426,000,000,000
34.
FR0043
Obligasi Negara RI Seri FR0043
23-Feb-07
15-Jul-22
10.25%
6 months
12,653,000,000,000
No.
CODE
1.
FR0002
2.
FR0010
3.
NAME
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Coupon
Period
Nominal Value (Rp)
1
Coupon
20-Apr-07
19-Apr-24
10.00%
6 months
25-May-07
15-May-37
9.75%
6 months
6,400,000,000,000
Obligasi Negara RI Seri FR0046
20-Jul-07
15-Jul-23
9.50%
6 months
16,855,000,000,000
FR0047
Obligasi Negara RI Seri FR0047
31-Aug-07
15-Feb-28
10.00%
6 months
9,850,000,000,000
39.
FR0048
Obligasi Negara RI Seri FR0048
28-Sep-07
15-Sep-18
9.00%
6 months
5,717,000,000,000
40.
FR0049
Obligasi Negara RI Seri FR0049
15-Feb-08
15-Sep-13
9.00%
6 months
5,250,000,000,000
41.
FR0050
Obligasi Negara RI Seri FR0050
25-Jan-08
15-Jul-38
10.50%
6 months
CODE
35.
FR0044
Obligasi Negara RI Seri FR0044
36.
FR0045
Obligasi Negara RI Seri FR0045
37.
FR0046
38.
NAME
Listing
Date
Coupon
Period
Maturity
Date
No.
TOTAL FIXED RATE
Nominal Value (Rp)
5,589,000,000,000
1,200,000,000,000
298,268,042,000,000
VARIABEL RATE
Coupon
Period
Listing
Date
Maturity
Date
Obligasi Pemerintah Tahun 1999 Seri VR0014
01-Feb-00
25-Aug-08
SBI 3 months 6 months
9,104,632,000,000
Obligasi Pemerintah Tahun 1999 Seri VR0015
01-Feb-00
25-Dec-08
SBI 3 months 6 months
8,760,471,000,000
Obligasi Pemerintah Tahun 1999 Seri VR0016
01-Feb-00
25-Jul-09
SBI 3 months 6 months
8,831,717,000,000
VR0017
Obligasi Pemerintah Tahun 1999 Seri VR0017
25-Nov-02
25-Jun-11
SBI 3 months 6 months
3,458,666,000,000
5.
VR0018
Obligasi Pemerintah Tahun 1999 Seri VR0018
25-Nov-02
25-Oct-12
SBI 3 months 6 months
516,483,000,000
6.
VR0019
Obligasi Pemerintah Tahun 2002 Seri VR0019
03-Dec-02
25-Dec-14
SBI 3 months 6 months
11,406,226,000,000
7.
VR0020
Obligasi Pemerintah Tahun 2002 Seri VR0020
03-Dec-02
25-Apr-15
SBI 3 months 6 months
9,899,007,000,000
8.
VR0021
Obligasi Pemerintah Tahun 2002 Seri VR0021
03-Dec-02
25-Nov-15
SBI 3 months 6 months
7,546,328,000,000
9.
VR0022
Obligasi Pemerintah Tahun 2002 Seri VR0022
03-Dec-02
25-Mar-16
SBI 3 months 6 months
9,666,749,000,000
10.
VR0023
Obligasi Pemerintah Tahun 2002 Seri VR0023
03-Dec-02
25-Oct-16
SBI 3 months 6 months
8,652,056,000,000
11.
VR0024
Obligasi Pemerintah Tahun 2002 Seri VR0024
03-Dec-02
25-Feb-17
SBI 3 months 6 months
9,909,300,000,000
12.
VR0025
Obligasi Pemerintah Tahun 2002 Seri VR0025
03-Dec-02
25-Sep-17
SBI 3 months 6 months
6,909,300,000,000
13.
VR0026
Obligasi Pemerintah Tahun 2002 Seri VR0026
03-Dec-02
25-Jan-18
SBI 3 months 6 months
5,442,142,000,000
14.
VR0027
Obligasi Pemerintah Tahun 2002 Seri VR0027
03-Dec-02
25-Jul-18
SBI 3 months 6 months
5,442,142,000,000
15.
VR0028
Obligasi Pemerintah Tahun 2002 Seri VR0028
03-Dec-02
25-Aug-18
SBI 3 months 6 months
7,033,994,000,000
16.
VR0029
Obligasi Pemerintah Tahun 2002 Seri VR0029
03-Dec-02
25-Aug-19
SBI 3 months 6 months
12,212,320,000,000
17.
VR0030
Obligasi Pemerintah Tahun 2002 Seri VR0030
03-Dec-02
25-Dec-19
SBI 3 months 6 months
10,503,015,000,000
18.
VR0031
Obligasi Pemerintah Tahun 2002 Seri VR0031
03-Dec-02
25-Jul-20
SBI 3 months 6 months
25,322,354,000,000
19.
VR0032
Obligasi Negara RI Seri VR0032
18-Apr-08
25-Apr-11
SBI 3 months 6 months
No.
CODE
1.
VR0014
2.
VR0015
3.
VR0016
4.
NAME
Coupon
TOTAL VARIABEL RATE
Nominal Value (Rp)
5,000,000,000,000
165,616,902,000,000
ZERO COUPON
No.
CODE
NAME
Listing
Date
Maturity
Date
Coupon
Coupon
Period
Nominal Value (Rp)
1.
ZC0001
Obligasi Negara RI Seri ZC0001
31-Aug-07
20-Nov-08
-
-
5,777,000,000,000
2.
ZC0002
Obligasi Negara RI Seri ZC0002
21-Sep-07
20-Sep-09
-
-
2,709,000,000,000
3.
ZC0003
Obligasi Negara RI Seri ZC0003
23-Nov-07
20-Nov-12
-
-
1,500,000,000,000
4.
ZC0004
Obligasi Negara RI Seri ZC0004
01-Feb-08
20-Feb-10
-
-
5,887,000,000,000
5.
ZC0005
Obligasi Negara RI Seri ZC0005
01-Feb-08
20-Feb-13
-
-
3,150,000,000,000
TOTAL ZERO COUPON
19,023,000,000,000
RETAIL
No.
2
CODE
NAME
Listing
Date
Maturity
Date
Coupon
Coupon
Period
Nominal Value (Rp)
1.
ORI001
Obligasi Negara RI Seri ORI001
10-Aug-06
09-Aug-09
12.05%
monthly
3,013,650,000,000
2.
ORI002
Obligasi Negara RI Seri ORI002
29-Mar-07
28-Mar-10
9.28%
monthly
6,233,200,000,000
3.
ORI003
Obligasi Negara RI Seri ORI003
13-Sep-07
12-Sep-11
9.40%
monthly
9,367,695,000,000
4.
ORI004
Obligasi Negara RI Seri ORI004
13-Mar-08
12-Mar-12
9.50%
monthly
13,455,765,000,000
TOTAL RETAIL
32,070,310,000,000
GRAND TOTAL
514,978,254,000,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0002
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
4,500
12.5
3,600
10.0
2,700
7.5
1,800
5.0
900
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
10.063 10.179
29-Mar 26-Jun
10.387 10.230
9.971 10.029
10.031 10.156
WA1
3,803
1,848
Volume2
102.5% 49.8%
Turnover3
Modified Duration (Yrs): 8.363
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.350
25-Sep
10.458
10.111
10.325
995
26.8%
10.281
24-Dec
11.008
9.292
10.028
3,239
87.3%
10.503
31-Mar
10.507
9.411
10.498
2,377
64.1%
10.741
30-Jun
10.857
10.483
10.741
1,898
51.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0010
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
9.710
9.550
28-Mar 29-Jun
9.703 10.381
9.621
9.232
1
9.573
9.636
WA
2,014
4,448
Volume2
81.0% 179.0%
Turnover3
Modified Duration (Yrs): 3.490
Last
Date
High
Low
Q3
Q4
9.810
24-Sep
10.035
9.414
9.947
1,096
44.1%
9.726
9.887 10.380
06-Dec 24-Mar 30-Jun
9.955 11.366
10.258
9.631
9.332 10.107
9.719
9.877 10.380
3,143
5,199
1,398
56.3% 126.4% 209.2%
Q1
Q2
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0011
No Transaction in the Year of 2007 and Q1-Q2 2008
FR0012
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.173
8.190
28-Mar 28-Jun
8.235
8.222
8.014
8.146
8.205
8.203
WA1
2
3,021
9,058
Volume
3
710%
2,127%
Turnover
Modified Duration (Yrs): 9.030
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
8.280
20-Sep
8.281
8.185
8.245
142
33%
8.254
8.379
14-Dec 26-Mar
8.400
8.379
8.265
8.224
8.243
8.379
2,411 17,882
566% 4,200%
Q2
8.675
30-Jun
8.728
8.487
8.728
3,231
759%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
3
TRADING HIGHLIGHT
FR0013
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.220 10.310
26-Mar 18-Jun
11.653 10.471
10.192 10.294
10.192 10.406
WA1
1,636
623
Volume2
138.3% 52.7%
Turnover3
Modified Duration (Yrs): 7.916
Last
Date
High
Low
Q3
Q4
Q1
Q2
10.510
25-Sep
11.697
10.336
10.461
638
53.9%
10.477 10.575 11.205
18-Dec 13-Mar 22-Jun
11.662 11.684 11.448
10.300 10.412 10.976
10.461 10.885 11.246
575
1,222
1,888
48.6% 103.3% 159.7%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0014
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.873
9.230
08-Feb 25-May
9.174
9.230
8.800
8.796
1
8.867
8.814
WA
243
264
Volume2
81.9% 89.0%
Turnover3
Modified Duration (Yrs): 8.355
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
8.964
8.873
9.043
9.503
08-Aug 29-Nov 06-Mar 19-Jun
9.059
9.525
8.873
8.997
8.817
8.863
8.931
9.262
8.873
8.920
9.045
9.493
243
511
1,621
1,242
81.9% 172.3% 546.8% 418.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0015
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5,000
12.5
4,000
10.0
3,000
7.5
2,000
5.0
1,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
8.418
8.360
8.308
14-Mar 21-Jun 28-Sep
8.402
8.355
8.469
8.324
8.267
8.298
8.375
8.302
8.418
WA1
1,077
4,120
2,307
Volume2
76.9% 294.4% 164.8%
Turnover3
Modified Duration (Yrs): 8.874
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.377
8.689
8.955
13-Dec 31-Mar 17-Jun
8.689
8.975
8.398
8.333
8.364
8.683
8.391
8.594
8.854
882
2,022
1,645
63.0% 144.5% 117.5%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
4
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0016
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
15,000
12.5
12,000
10.0
9,000
7.5
6,000
5.0
3,000
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.292
8.267
30-Mar 28-Jun
9.175
8.413
8.286
8.204
8.324
8.275
WA1
4,715
3,181
Volume2
458%
309%
Turnover3
Modified Duration (Yrs): 8.959
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.335
28-Sep
8.495
8.243
8.384
3,582
348%
8.383
11-Dec
9.164
8.313
8.332
664
65%
8.672
8.959
31-Mar 26-Jun
8.672
9.079
8.321
8.657
8.546
8.681
2,286 13,726
222% 1,333%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0017
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
17,500
12.5
14,000
10.0
10,500
7.5
7,000
5.0
3,500
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.242
9.179
8.968
9.080
9.435
9.910
06-Mar 10-May 25-Sep 28-Dec 31-Mar 30-Jun
10.077
9.971
9.971
9.471 10.077 10.000
9.069
8.890
8.944
9.012
9.164
9.469
1
9.171
9.031
9.120
9.140
9.435
9.781
WA
12,514
7,807 10,161
7,052 15,464
4,179
Volume2
615.8% 384.2% 500.1% 347.1% 761.0% 205.7%
Turnover3
Modified Duration (Yrs): 4.896
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0018
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
17,500
12.5
14,000
10.0
10,500
7.5
7,000
5.0
3,500
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
8.996
9.162 10.090
9.090
8.915
9.838
29-Mar 30-May 28-Sep 28-Dec 04-Jan 04-Jun
9.918
9.687
9.984
9.984
9.875 10.090
8.969
8.820
8.883
8.985
9.010
9.116
9.163
8.996
9.047
9.065
9.525
9.785
WA1
5,882
3,560
2,459 14,519
3,429
2,119
Volume2
399.8% 241.9% 167.1% 986.9% 233.1% 144.0%
Turnover3
Modified Duration (Yrs): 4.951
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
5
TRADING HIGHLIGHT
FR0019
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
9.599
9.656
9.611
9.470
9.532 10.813
07-Mar 28-Jun 25-Sep 15-Nov 28-Mar 26-Jun
10.165 11.165
9.854
9.991 11.230 11.360
9.475
9.346
9.461
9.358
9.529
9.687
9.623
9.578
9.652
9.519
9.904 10.634
WA1
9,721
6,499
4,334
7,432 19,331
4,735
Volume2
328.0% 219.3% 146.2% 250.7% 652.2% 159.7%
Turnover3
Modified Duration (Yrs): 6.471
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0020
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
35,000
12.5
28,000
10.0
21,000
7.5
14,000
5.0
7,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
Q3
9.494
9.439
9.519
29-Mar 28-Jun 25-Sep
10.534 11.179 10.631
9.430
9.268
9.393
1
9.564
9.517
9.594
WA
5,843 17,918 30,765
Volume2
197%
604% 1,038%
Turnover3
Modified Duration (Yrs): 9.184
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
9.476
05-Oct
10.759
9.334
9.430
15,916
537%
10.545
29-Jan
11.236
9.474
9.902
6,701
226%
10.800
26-Jun
11.179
10.075
10.677
3,528
119%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0021
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
9.893
9.941
29-Mar 22-Jun
9.983 10.427
9.889
9.921
9.933
9.976
WA1
424
1,012
Volume2
73.5% 175.4%
Turnover3
Modified Duration (Yrs): 2.138
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
10.188 10.008 10.331 10.886
20-Sep 14-Dec 28-Mar 26-Jun
11.385 10.127 10.984 10.942
9.999
9.926 10.040 10.616
10.187
9.985 10.334 10.813
284
1,257
1,866
1,708
49.2% 217.8% 323.3% 296.0%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
6
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0022
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)*
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
9.090
9.011
8.993
8.939
9.219
9.939
30-Mar 19-Jun 28-Sep 14-Dec 19-Mar 20-Jun
9.255 10.074
9.707 27.578 28.333
9.295
8.882
8.915
8.967
8.705
9.046
9.420
9.050
9.068
9.212
9.030
9.231
9.835
WA1
6,336
4,254 11,500
5,725
4,765
6,006
Volume2
356.2% 239.1% 646.5% 321.9% 267.9% 337.6%
Turnover3
Modified Duration (Yrs): 2.596
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0023
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50,000
12.5
40,000
10.0
30,000
7.5
20,000
5.0
10,000
2.5
Executed
Yield (%)*
YEAR 2007
Q1
Q2
8.613
8.478
29-Mar 20-Jun
11.814 23.676
8.601
8.436
1
8.692
8.667
WA
10,115 10,492
Volume2
304%
315%
Turnover3
Modified Duration (Yrs): 10.160
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
8.721
10-Sep
9.580
8.250
8.716
9,614
289%
8.645
9.126
28-Dec 16-Jan
8.887 13.808
8.438
8.566
8.533
8.834
11,151 45,563
335% 1,368%
Q2
9.575
30-Jun
9.795
9.133
9.496
3,712
111%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0024
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.482
6.147
27-Mar 20-Jun
8.406
6.159
7.912
5.896
7.928
5.900
WA1
1,705
23
Volume2
157.5%
2.1%
Turnover3
Modified Duration (Yrs): 12.047
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.861
26-Sep
8.277
7.861
8.265
22
2.1%
6.177
12-Dec
6.177
5.893
5.925
337
31.1%
8.160
31-Mar
8.160
7.938
8.160
503
46.4%
6.161
23-Jun
6.194
6.029
6.132
1,071
98.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 3 Months Payment Period
** Coupon Payment Period every 6 months (see page 1)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
7
TRADING HIGHLIGHT
FR0025
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
7.282
5.608
7.336
5.704
7.482
5.872
27-Mar 19-Jun 14-Sep 19-Dec 31-Mar 27-Jun
7.536
5.909
16.584
6.048
8.028
6.001
6.873
5.268
7.144
5.532
7.122
5.635
7.367
5.585
7.281
5.584
7.517
5.883
WA1
6,318
4,692
7,364
1,863
3,558
5,342
Volume2
379.0% 281.5% 441.8% 111.7% 213.5% 320.5%
Turnover3
Modified Duration (Yrs): 12.719
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0026
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.756
7.596
5.610
7.413
7.834
6.178
29-Mar 06-Jun 25-Sep 26-Dec 24-Mar 26-Jun
6.534
9.797
6.837
8.492
6.256 18.692
7.186
5.486
7.276
5.586
7.564
5.831
1
7.668
5.731
7.524
5.663
7.957
6.150
WA
12,159 18,136
9,865 10,434
8,905
4,767
Volume2
356.8% 532.1% 289.5% 306.2% 261.3% 139.9%
Turnover3
Modified Duration (Yrs): 12.164
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0027
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.466
7.494
14-Mar 07-Jun
5.512
7.889
5.410
7.450
5.468
7.797
WA1
9,380
8,357
Volume2
285%
254%
Turnover3
Modified Duration (Yrs): 11.808
Last
Date
High
Low
Q1-Q2 2008
Q1
Q2
Q3
Q4
5.358
25-Sep
5.535
5.316
5.422
2,189
67%
7.773
5.418
8.866
28-Dec 21-Feb 18-Jun
5.811 10.170
8.279
6.574
5.159
7.807
7.560
5.579
8.872
10,648 36,187 59,889
324% 1,101% 1,822%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
8
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0028
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40,000
12.5
32,000
10.0
24,000
7.5
16,000
5.0
8,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
5.541
5.668
7.006
13-Mar 19-Jun 25-Sep
5.738
7.398
5.793
5.266
6.885
5.414
5.676
7.349
5.623
WA1
9,187 37,264 29,046
Volume2
364% 1,476% 1,150%
Turnover3
Modified Duration (Yrs): 9.122
Last
Date
High
Low
Q4
Q1
Q2
7.468
15-Nov
8.116
6.818
7.276
14,961
593%
5.837
28-Mar
6.086
5.140
5.837
7,322
290%
8.340
30-Jun
8.385
7.656
8.190
13,494
534%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0030
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.963
6.222
30-Mar 18-Jun
6.036
7.337
5.797
6.080
1
6.030
6.406
WA
2,621
7,457
Volume2
196.7% 559.6%
Turnover3
Modified Duration (Yrs): 12.645
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.569
5.871
6.140
6.934
25-Sep 28-Dec 31-Mar 07-May
6.163
7.401
6.672
7.289
5.801
6.241
5.937
6.685
5.929
6.272
6.140
6.984
543
2,902
1,703
5,200
40.8% 217.8% 127.8% 390.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0031
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.893
6.454
6.011
6.453
6.087
7.244
22-Jan 24-Apr 25-Sep 12-Nov 28-Mar 26-Jun
6.590
7.544
8.546
6.938
6.192
7.009
5.974
6.229
5.602
5.940
5.845
6.623
6.087
6.513
5.954
6.330
6.071
7.238
WA1
9,798 13,144 14,754 14,569 19,926
5,854
Volume2
341.7% 458.4% 514.6% 508.1% 694.9% 204.2%
Turnover3
Modified Duration (Yrs): 2.032
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
9
TRADING HIGHLIGHT
FR0032
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
6.769
5.993
7.692
14-Mar 15-Jun 16-Aug
6.000
7.943
6.484
5.991
7.668
5.866
5.999
7.942
5.917
WA1
835
422
1,864
Volume2
214.1% 108.3% 477.9%
Turnover3
Modified Duration (Yrs): 3.713
Last
Date
High
Low
Q4
Q1
Q2
8.138
28-Dec
8.366
7.874
7.874
114
29.1%
6.005
18-Feb
6.005
5.977
6.005
53
13.5%
8.985
13-Jun
8.985
8.751
8.764
191
48.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0033
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
8.568
5.797
8.613
13-Mar 29-Jun 25-Sep
9.172
6.848
9.292
8.519
5.661
8.461
1
8.610
5.746
8.696
WA
14,806 22,194 26,932
Volume2
596%
893% 1,083%
Turnover3
Modified Duration (Yrs): 12.002
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
5.785
15-Nov
6.017
5.709
5.732
22,060
887%
9.379
04-Jan
10.305
8.479
8.871
20,991
844%
6.102
06-Jun
6.505
5.846
6.109
24,636
991%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0034
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75,000
12.5
60,000
10.0
45,000
7.5
30,000
5.0
15,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.677
5.748
8.111
30-Mar 21-Jun 04-Sep
6.207 12.221
6.173
5.660
8.065
5.577
5.772
8.592
5.681
WA1
13,913 31,460 70,523
Volume2
333%
752% 1,686%
Turnover3
Modified Duration (Yrs): 10.873
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.550
28-Dec
9.454
8.098
8.231
24,784
593%
6.052
10-Mar
6.153
5.600
5.944
13,327
319%
9.686
02-Jun
10.539
8.164
9.701
27,083
648%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 1)
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0035
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
5.622
8.458
5.744
8.116
5.979
9.815
30-Mar 20-Jun 27-Sep 12-Dec 28-Mar 25-Jun
6.154 10.045
6.023 12.280
5.783
8.857
5.662
8.089
5.554
8.164
5.632
8.217
5.764
8.578
5.689
8.217
5.974
9.936
WA1
6,555
6,292 10,118
2,965 11,185
7,231
Volume2
237.8% 228.3% 367.1% 107.6% 405.8% 262.4%
Turnover3
Modified Duration (Yrs): 1.905
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0036
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
8.332
5.516
8.253
5.643
28-Mar 30-May 30-Jul 17-Dec
22.990
5.673
8.630
5.738
8.159
5.474
7.923
5.557
1
8.367
5.668
8.278
5.559
WA
4,047
6,371
3,835
3,554
Volume2
248.6% 391.4% 235.6% 218.3%
Turnover3
Modified Duration (Yrs): 11.076
Last
Date
High
Low
Q1
Q2
8.956
31-Mar
9.379
8.059
8.059
1,391
85.4%
6.074
03-Jun
6.337
5.564
6.071
1,227
75.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0037
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.371
5.504
27-Mar 20-Jun
8.487
6.765
8.229
5.499
8.418
5.666
WA1
899
1,580
Volume2
147%
258%
Turnover3
Modified Duration (Yrs): 11.498
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.326
17-Sep
8.489
8.070
8.270
1,183
193%
5.699
9.134
6.163
10-Dec 31-Mar 02-May
5.743
9.278
6.170
5.576
8.368
5.988
5.576
9.213
6.155
450
6,429
1,704
278%
73% 1,050%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
11
TRADING HIGHLIGHT
FR0038
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
6.397
6.046
6.534
5.840
6.476
30-Mar 19-Jun 25-Sep 14-Dec 28-Mar
6.603
6.310
6.706
6.216
7.115
6.421
5.826
6.249
5.930
6.447
6.565
6.050
6.444
5.949
6.807
WA1
3,240
7,451 19,319
9,437 11,212
Volume2
420%
967% 2,507% 1,224% 1,455%
Turnover3
Modified Duration (Yrs): 9.052
Last
Date
High
Low
Q2
6.337
15-Apr
6.871
6.310
6.595
2,818
366%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0039
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.162
6.563
6.078
6.435
6.867
6.703
30-Mar 12-Apr 27-Sep 27-Dec 27-Mar 26-Jun
6.943
6.932
6.606
7.268
6.584
6.245
6.239
5.861
6.357
5.903
6.407
5.991
1
6.498
6.078
6.506
5.972
6.750
6.571
WA
6,268
2,557
3,639
3,225
6,473
2,561
Volume2
600.6% 244.9% 348.6% 309.0% 620.2% 245.4%
Turnover3
Modified Duration (Yrs): 7.583
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0040
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150,000
12.5
120,000
10.0
90,000
7.5
60,000
5.0
30,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
8.340
5.518
12-Jan 27-Jun
8.943
5.820
7.779
5.343
8.369
5.668
WA1
18,791 142,845
Volume2
582% 4,424%
Turnover3
Modified Duration (Yrs): 10.452
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.063
26-Jul
8.976
7.460
8.196
31,580
978%
5.592
27-Dec
6.032
5.365
5.545
8,127
252%
9.169
28-Mar
9.567
7.965
9.141
4,597
142%
5.587
27-Jun
6.442
5.472
6.189
5,430
168%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
12
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0041
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
600
12.5
480
10.0
360
7.5
240
5.0
120
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
5.603
5.959
05-Mar 31-May
5.681
5.985
5.603
5.946
5.603
5.957
WA1
309
558
Volume2
112.4% 203.0%
Turnover3
Modified Duration (Yrs): 11.232
Last
Date
High
Low
Q3
Q4
Q1
Q2
5.540
16-Jul
5.540
5.540
5.540
30
11.1%
5.670
5.281
4.290
21-Nov 31-Mar 19-May
5.283
4.290
5.812
5.812
5.263
4.283
5.812
5.281
4.290
10
439
56
3.7% 159.6% 20.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0042
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75,000
12.5
60,000
10.0
45,000
7.5
30,000
5.0
15,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.778
7.317
09-Jan 08-Jun
5.841
7.859
5.232
6.907
1
5.779
7.581
WA
29,748 69,769
Volume2
825% 1,935%
Turnover3
Modified Duration (Yrs): 4.060
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.651
27-Sep
5.935
5.457
5.756
28,799
799%
7.726
27-Dec
17.963
7.343
7.439
6,773
188%
6.014
25-Mar
6.168
5.611
5.808
33,155
919%
7.648
27-Jun
9.282
7.234
8.765
3,918
109%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0043
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100,000
12.5
80,000
10.0
60,000
7.5
40,000
5.0
20,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.661
5.771
7.223
23-Mar 18-Jun 27-Jul
6.049
7.580
6.293
5.345
6.781
5.185
5.799
7.571
5.658
WA1
18,369 63,413 86,479
Volume2
581% 2,005% 2,734%
Turnover3
Modified Duration (Yrs): 4.067
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.414
28-Dec
7.569
7.083
7.422
29,923
946%
6.046
31-Mar
6.279
5.329
5.835
8,242
261%
7.338
10-Jun
8.977
7.137
8.305
4,590
145%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
13
TRADING HIGHLIGHT
FR0044
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
7.972
N/A
5.442
N/A 07-Jun 28-Sep
N/A
5.686
8.626
N/A
5.172
7.869
N/A
5.583
8.029
WA1
N/A 54,278 15,708
Volume2
N/A 3,885% 1,124%
Turnover3
Modified Duration (Yrs): 11.043
Last
Date
High
Low
Q4
Q1
Q2
5.664
21-Dec
5.977
5.489
5.506
2,786
199%
8.751
28-Mar
9.544
8.019
8.077
5,144
368%
5.548
27-Jun
6.423
5.513
6.086
876
63%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0045
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60,000
12.5
48,000
10.0
36,000
7.5
24,000
5.0
12,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
6.283
N/A 11-Jun
N/A
6.581
N/A
5.898
N/A
6.238
WA1
N/A 52,227
Volume2
N/A 3264%
Turnover3
Modified Duration (Yrs): 11.280
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.868
25-Sep
6.445
5.538
5.905
9,163
573%
7.014
27-Nov
7.014
5.918
6.287
1,352
84%
6.455
31-Mar
6.465
5.898
6.456
8,038
502%
7.396
27-Jun
7.832
6.309
6.472
3,999
250%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0046
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
15,000
12.5
12,000
10.0
9,000
7.5
6,000
5.0
3,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.595
N/A
N/A
N/A
N/A 27-Sep
N/A
N/A
5.818
N/A
N/A
5.554
N/A
N/A
5.622
WA1
N/A
N/A 14,746
Volume2
N/A
N/A 349.9%
Turnover3
Modified Duration (Yrs): 5.426
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.644
6.029
8.603
18-Dec 31-Mar 25-Jun
6.265
9.127
7.861
6.824
5.403
7.188
7.345
5.976
8.519
3,874
5,958 12,834
91.9% 141.4% 304.6%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
14
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FR0047
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
6.449
6.008
N/A
N/A
6.929
6.115
N/A
N/A 06-Sep 21-Dec 31-Mar 27-Jun
7.238
6.958
N/A
N/A
6.875
6.410
N/A
N/A
6.110
5.882
6.343
5.996
N/A
N/A
6.350
5.906
6.584
6.924
WA1
N/A
N/A 28,310 22,804 23,387 11,459
Volume2
N/A
N/A 817.6% 658.6% 675.4% 331.0%
Turnover3
Modified Duration (Yrs): 8.420
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0048
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 12.245
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
Q1
5.424
7.624
7.819
26-Sep 09-Dec 28-Mar
8.906
7.625
5.607
7.587
5.267
7.525
7.616
5.341
7.565
4,375 16,924 19,194
306% 1,184% 1,343%
Q2
5.469
27-Jun
6.220
5.305
5.894
7,446
521%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FR0049
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
7.445
5.687
12-Feb 17-Jun
7.444
5.720
7.437
5.561
7.440
5.647
3 17,372
0.3% 1,324%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
15
TRADING HIGHLIGHT
FR0050
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1,250
12.5
1,000
10.0
750
7.5
500
5.0
250
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
N/A
5.869
N/A 15-Feb
6.104
N/A
N/A
5.859
N/A
6.100
N/A
1,119
N/A 229.6%
Q2
7.728
25-Jun
8.887
7.713
8.779
226
46.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0014
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
5.879
4.858
5.975
5.126
4.552
2.142
29-Mar 07-May 07-Aug 28-Dec 31-Mar 30-Jun
4.587
2.153
6.025
5.162
5.963
4.922
5.946
5.090
5.847
4.856
4.475
2.119
1
5.964
5.137
5.879
4.865
4.528
2.129
WA
2,984
6,023
5,737
2,874
5,095
4,279
Volume2
131.1% 264.6% 252.0% 126.3% 223.8% 188.0%
Turnover3
Modified Duration (Yrs): 8.551
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0015
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1,500
12.5
1,200
10.0
900
7.5
600
5.0
300
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.272
8.465
30-Mar 25-Jun
5.290
8.500
5.272
8.422
5.272
8.422
WA1
759
1,262
Volume2
34.7% 57.6%
Turnover3
Modified Duration (Yrs): 10.692
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.235
24-Sep
5.294
5.209
5.235
113
5.2%
8.362
26-Dec
8.362
7.409
8.355
395
18.0%
4.987
26-Mar
4.999
4.719
4.987
660
30.1%
8.100
25-Jun
9.112
7.651
8.121
485
22.1%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
16
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0016
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
3,000
12.5
2,400
10.0
1,800
7.5
1,200
5.0
600
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.336
6.532
5.747
01-Feb 08-Jun 24-Sep
5.336
6.543
5.747
5.336
6.529
5.708
5.336
6.532
5.740
WA1
37
1,561
2,571
Volume2
1.7% 72.9% 120.1%
Turnover3
Modified Duration (Yrs): 7.284
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
6.596
12-Dec
6.598
6.574
6.585
526
24.6%
5.355
6.467
19-Mar 30-Jun
5.695
6.482
5.355
6.455
5.355
6.459
474
2,341
22.2% 109.4%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0017
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
7,500
12.5
6,000
10.0
4,500
7.5
3,000
5.0
1,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
5.299
5.310
8.477
29-Mar 07-May 14-Sep
5.569
8.556
5.480
5.295
8.443
4.913
1
5.302
8.482
5.306
WA
6,039
3,808
6,897
Volume2
1,140%
719% 1,302%
Turnover3
Modified Duration (Yrs): 11.073
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.342
26-Dec
8.546
7.478
8.407
1,497
283%
5.065
31-Mar
5.325
5.065
5.306
2,307
436%
8.491
26-Jun
8.732
8.472
8.497
3,247
613%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0018
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
6.603
04-Jan
6.603
6.603
6.603
WA1
165
Volume2
171%
Turnover3
Modified Duration (Yrs): 12.946
Last
Date
High
Low
Q3
6.557
- 25-Sep
6.661
6.531
6.549
1,905
- 1,972%
Q1-Q2 2008
Q4
Q1
Q2
5.339
18-Dec
5.742
5.314
5.742
664
687%
6.623
11-Mar
6.624
6.082
6.623
212
220%
5.768
09-Apr
5.768
5.768
5.768
149
154%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
17
TRADING HIGHLIGHT
VR0019
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20,000
12.5
16,000
10.0
12,000
7.5
8,000
5.0
4,000
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
5.310
8.503
5.315
8.417
5.315
28-Mar 27-Jun 28-Sep 12-Dec 19-Mar
5.588
8.636
5.359
8.721
5.391
5.012
7.268
5.251
6.942
4.816
5.322
8.491
5.333
8.375
5.317
WA1
5,725 13,728 17,470
5,012 10,133
Volume2
200.8% 481.4% 612.6% 175.8% 355.3%
Turnover3
Modified Duration (Yrs): 3.806
Last
Date
High
Low
Q2
8.504
25-Jun
9.058
7.928
8.030
1,087
38.1%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0020
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
6.548
5.734
6.678
5.125
7.023
5.777
29-Mar 29-Jun 10-Sep 26-Dec 24-Mar 02-Jun
6.723
5.818
6.575
5.740
7.044
5.800
6.604
5.125
6.484
5.078
5.893
5.408
1
6.678
5.767
6.575
5.737
6.548
5.688
WA
2,510
3,423
4,204
2,783
4,236
5,022
Volume2
101.4% 138.3% 169.9% 112.5% 171.2% 202.9%
Turnover3
Modified Duration (Yrs): 12.771
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0021
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
3,000
12.5
2,400
10.0
1,800
7.5
1,200
5.0
600
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.936
6.667
28-Mar 27-Jun
5.936
6.681
5.668
6.660
5.670
6.677
WA1
2,542
1,365
Volume2
134.7% 72.4%
Turnover3
Modified Duration (Yrs): 3.428
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
5.655
19-Sep
5.658
5.642
5.653
1,351
71.6%
6.615
13-Nov
6.616
5.759
6.616
1,509
80.0%
5.660
17-Jan
5.661
5.660
5.660
100
5.3%
Q2
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0022
No Transaction in the Year of 2007 and Q1-Q2 2008
** Coupon Payment Period every 6 months (see page 2)
18
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0023
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
-
5.770
26-Jun
5.770
5.770
5.770
WA1
249
Volume2
11.5%
Turnover3
Modified Duration (Yrs): 13.105
Last
Date
High
Low
Q1-Q2 2008
-
-
-
Q4
Q1
Q2
5.524
16-Nov
5.745
5.464
5.464
762
35.2%
6.615
12-Feb
6.625
6.615
6.615
1,692
78.2%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0024
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
0.0
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
-
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 11.224
-
-
-
Q1
Q2
-
5.649
30-Nov
5.649
5.649
5.649
16
0.7%
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0025
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1.25
12.5
1.00
10.0
0.75
7.5
0.50
5.0
0.25
2.5
0.00
-
Executed
Yield (%)**
Last
Date
High
Low
YEAR 2007
Q1
Q2
-
Q3
-
Q4
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1-Q2 2008
-
Q1
-
-
-
-
Q2
5.492
- 26-May
5.492
5.492
5.492
0.47
0.03%
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
19
TRADING HIGHLIGHT
VR0026
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
Q4
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1
-
-
-
-
-
-
Q2
5.748
12-Feb
5.748
5.748
5.748
100
7.3%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0027
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25
12.5
20
10.0
15
7.5
10
5.0
5
2.5
0
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
-
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 6.509
-
-
-
Q2
Q1
6.647
19-Dec
6.647
6.647
6.647
20
1.5%
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0028
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
5.911
14-Jun
5.911
5.911
5.911
WA1
5,041
Volume2
- 286.7%
Turnover3
Modified Duration (Yrs): 6.211
Last
Date
High
Low
-
-
Q3
Q1-Q2 2008
Q4
7.078
18-Jul
7.078
7.078
7.078
1,501
85.3%
Q2
Q1
-
-
-
-
-
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
** Coupon Payment Period every 6 months (see page 2)
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
VR0029
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2,000
12.5
1,600
10.0
1,200
7.5
800
5.0
400
2.5
Executed
Yield (%)**
Q1-Q2 2008
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
-
-
Q4
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
Q1
-
-
-
-
-
-
Q2
7.042
24-Mar
7.042
7.042
7.042
1,803
59.1%
-
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0030
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
0.00
-
Executed
Yield (%)**
YEAR 2007
Q1
Q2
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 10.533
-
Q1-Q2 2008
Q4
-
5.833
28-Sep
5.833
5.833
5.833
4
0.2%
Q2
Q1
-
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0031
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12,500
12.5
10,000
10.0
7,500
7.5
5,000
5.0
2,500
2.5
Executed
Yield (%)**
YEAR 2007
Q1
Q2
Q3
6.057
6.943
- 07-May 12-Sep
6.943
6.057
6.293
5.758
6.293
5.904
WA1
4,108 10,112
Volume2
64.9% 159.7%
Turnover3
Modified Duration (Yrs): 6.561
Last
Date
High
Low
-
Q1-Q2 2008
Q4
Q1
Q2
7.011
19-Dec
7.011
6.604
6.605
2,463
38.9%
6.039
04-Mar
6.045
6.039
6.042
2,698
42.6%
6.951
12-Jun
6.952
6.951
6.951
2,001
31.6%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
VR0032
No Transaction in Q2-2008
** Coupon Payment Period every 6 months (see page 2)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
21
TRADING HIGHLIGHT
ORI001
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2,500
12.5
2,000
10.0
1,500
7.5
1,000
5.0
500
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
8.204
8.206
8.223
8.275
29-Mar 23-Apr 19-Sep 28-Dec
8.488
8.445 15.818
8.487
8.016
8.058
8.020
8.084
8.124
8.213
8.152
8.161
WA1
2,422
1,456
2,204
1,486
Volume2
330.6% 198.8% 300.9% 202.8%
Turnover3
Modified Duration (Yrs): 7.780
Last
Date
High
Low
Q1
Q2
8.308
28-Mar
8.464
8.022
8.320
716
97.7%
8.381
30-Jun
8.639
8.293
8.395
177
24.2%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ORI002
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)#
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
8.878
8.880
8.979
9.431
8.991
8.832
30-Mar 29-Jun 27-Sep 28-Dec 28-Mar 30-Jun
9.132
9.870
8.958
9.063
9.520
9.109
8.710
8.467
8.747
8.447
8.425
8.969
1
8.785
8.876
8.906
8.772
8.999
9.347
WA
2,058
5,822
2,665
3,093
5,332
4,629
Volume2
132.1% 373.6% 171.0% 198.5% 342.2% 297.0%
Turnover3
Modified Duration (Yrs): 10.968
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ORI003
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6,000
12.5
4,800
10.0
3,600
7.5
2,400
5.0
1,200
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
N/A
N/A
7.886
8.785
7.880
7.929
N/A
N/A 21-Sep 30-Nov 11-Mar 30-Jun
8.084
8.785
N/A
N/A
7.992
8.389
N/A
N/A
7.822
7.510
7.754
7.890
N/A
N/A
7.902
7.809
7.971
8.469
WA1
N/A
N/A
4,228
2,569
5,072
5,116
Volume2
N/A
N/A 180.6% 109.7% 216.6% 218.5%
Turnover3
Modified Duration (Yrs): 5.287
Last
Date
High
Low
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
22
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ORI004
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30,000
12.5
24,000
10.0
18,000
7.5
12,000
5.0
6,000
2.5
Executed
Yield (%)#
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.958
8.691
N/A 18-Mar 10-Jun
8.309
9.264
N/A
N/A
7.914
7.943
N/A
7.990
8.467
N/A
4,408 28,085
N/A 131.0% 834.9%
1
0
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
23
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24
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
C O R P O R A T E
B O N D S
ADHI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ADHI KARYA (PERSERO) TBK
:
:
:
:
:
ADDRESS
Jl. Raya Pasar Minggu KM 18
Jakarta - 12510
Phone : (021) 797-5312
Fax : (021) 797-5311
idABuilding Construction
www.adhi-karya.com
Kurnadi Gularso
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
The name Adhi Karya mentioned for the first time in the Decree of the
Minister of Public Works and Labor dated 11th of March 1960. Later on,
based on the Government Regulation No. 65 year 1961, the name was
changed to become Perusahaan Negara Adhi Karya. In the same year
and based on the same regulation, the formerly Dutch owned company
but then nationalized, Associatie NV merged with the Company. In
1974, based on Act No. 1 dated June 1, 1974 juncto Amendment Act
No. 2 dated December 3, 1974 both by Kartini Mulyadi, SH, Notaries in
Jakarta, PT Adhi Karya (Persero) was established.
The Company’s Statutes undergone several amendments. The last one
was based on the Deed of Minutes of Meeting of Extraordinary General
Meeting of Shareholders of Limited Liability Company PT Adhi Karya
(Persero) Tbk. dated 19-6-2008 (nineteen day of June two thousand and
eighth) number 39, which made before Dr. A. Partomuan Pohan, S.H.,
LL.M, Notary Public in Jakarta.
Currently, ADHI has three lines of business which are:
1. Construction Service
Undertaking projects divided mainly into:
a. Infrastructure
Major public works and infrastructure projects i.e. roads and
bridges, irrigations, power plants, ports, etc.
b. Buildings
High-rise buildings; public facility buildings; commercial buildings;
residential buildings; industrial and manufacturing buildings;
mechanical and electrical works, power transmission and main
stations, building automation, air system and sound system,
radio, telecommunication and instrumentation, etc.
2. Engineering Procurement Construction (EPC)
ADHI undertakes designing, planning and procurement prior to actual
construction of the project. Since by its nature EPC projects offer a
higher profit margin than simple construction projects, ADHI aims to
develop and secure more EPC projects in the future.
3. Investment
Investment constitutes a new line of business that is altogether
different from the construction business. ADHI will undertake
selectively and focus more on infrastructure-related investments.
Now, ADHI has extended its projects to several Middle Eastern
countries. This has strengthen its position to become a true champion
in the construction service business and a choice in the EPC as well as
investment in the field of infrastructure in Indonesia and several selected
countries.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
174,005
813,264
179,041
65,092
126,437
38,839
2,869,948
973,154
2,425,550
3,737
544,000
180,132
1,801
100
240,481
440,661
784,298
1,091,047
264,231
149,585
147,233
6,468
4,333,167
1,627,765
3,787,812
14,121
544,000
180,132
1,801
100
331,055
531,235
350.73
34.16
47.58
129.81
16.45
-83.35
50.98
67.27
56.16
277.82
37.66
20.55
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
4,328,860
3,926,033
436,987
185,287
251,700
-122,793
128,906
33,036
-289
95,581
4,973,867
4,516,924
495,456
204,362
291,094
-137,257
153,838
40,927
-1,310
111,601
14.90
15.05
13.38
10.29
15.65
-11.78
19.34
23.88
-352.92
16.76
5.50
3.33
2.21
5.81
7.13
2.58
2.24
5.85
29.54
-22.67
1.62
0.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
26
Code
Series Name
ADHI04
IV Tahun 2007
SMKADHI01
Sukuk Mudharabah I
Tahun 2007
Outstanding
(Rp Million)
375,000
125,000
Listing
Date
09-Jul-07
09-Jul-07
Maturity
Date
06-Jul-12
06-Jul-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 11.00%
06-Oct-07
06-Jan-08
06-Apr-08
06-Jul-08
idA-
Nisbah of Revenue
Sharing: 76.39%
06-Oct-07
06-Jan-08
06-Apr-08
06-Jul-08
idA-(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ADHI04
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.763
N/A
N/A 29-Jun
N/A
9.763
N/A
9.743
N/A
9.753
WA1
N/A
6.03
Volume2
N/A
6.4%
Turnover3
Modified Duration (Yrs): 5.938
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
9.698
27-Sep
9.791
9.652
9.791
51.47
54.9%
9.749
13-Dec
9.888
9.737
9.845
87.53
93.4%
9.844
27-Mar
9.885
9.778
9.854
31.42
33.5%
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SMKADHI01
Trading Volume
(Rp Billion)
1.25
12.5
1.00
10.0
0.75
7.5
0.50
5.0
0.25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 3.657
Last
Date
High
Low
Q1
Q3
Q4
9.787
05-Jul
9.787
9.787
9.787
1.00
3.2%
9.025
02-Oct
9.025
9.025
9.025
1.12
3.6%
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Code
No.
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
ADHI04
9.652
9.888
9.845
145
0.279
38.67%
5.938
2.
SMKADHI01
9.025
9.787
9.025
2
0.004
1.70%
3.657
147
0.283
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
ADHI04 - 6
51
Q2-2007
Q3-2007
Q4-2007
Outstanding
88
375
Outstanding
--
SMKADHI01 - 11
--
125
Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
27
ADMF ADIRA DINAMIKA MULTIFINANCE TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
PROFILE
Built on a strong willingness to become the best and highly reputable
company in consumer automotive financing sector, PT Adira Dinamika
Multi Finance Tbk (“Adira Finance”), which was established since 1990,
has become the largest multi-brand automotive financing companies in
Indonesia in terms of market share and total managed assets.
In March 2004, Adira Finance conducted an initial public offering,
followed by the private placement, which allowed the transfer of 75.0%
share ownership held by former shareholders to Bank Danamon, one
of the largest national private banks, owned by Temasek Group from
Singapore. With the fully support from Bank Danamon, Adira Finance
continues to expand its business by creating competitive advantages
in order to be able to bring superior value to both consumers and
stakeholders.
In line with Adira Finance’s core competence in managing risk of retail
financing business, Adira Finance is concentrating more on the financing
of the high-yield assets. With sizable funding support from Bank
Danamon, also high professionalism and dedication, Adira Finance
currently are able to record new financing of above Rp 12 trillion, with
assets managed of Rp 14 trillion.
Adira Finance has established strong foundations to support its future
growth, including a wide business networks, strong organization
capabilities, reliable funding source and highly competent and loyal
employees. All of these efforts have brought a sense of pride and
affection to Adira Finance.
Meanwhile, learning from past experiences in going through challenging
and difficult conditions, Adira Finance continued to expand its wings
and developed a proper strategy by starting innovation in new financing
products and continuing to serve consumers who need to obtain financing
in acquiring motorcycle or car and strengthening its position as a multibrand automotive financing company. Such strategy has been proven
to be effective in line with the growth in automotive industry particularly
the growth in motorcycle and with the support of 14,000 employees
and above 300 business networks spread throughout many cities in
Indonesia, Adira Finance has strengthened its position to become the
leading companies in automotive consumer financing in Indonesia,
without the need to be affiliated with any particular brand.
28
ADDRESS
Graha Adira, 10th - 12th Fl.
Jl. Menteng Raya No. 21 Jakarta - 10340
Phone : (021) 391-8686, 392-4825 (hunting)
Fax : (021) 392-4827
idAAFinancial Institution
http://www.adira.co.id
Hafid Hadeli
Bank Permata Tbk
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
345,919
31,036
376,313
30,927
8.79
-0.35
1,781,400
1,905,356
6.96
60,025
148,545
2,906,905
195,833
44,368
2,000,254
4,000
400,000
100,000
1,000
100
806,651
906,651
88,116
176,620
3,301,818
145,833
37,081
2,077,205
4,000
400,000
100,000
1,000
100
1,124,613
1,224,613
46.80
18.90
N/A
13.59
-25.53
-16.42
3.85
39.42
35.07
1,983,671
1,323,091
660,580
2,483,609
1,682,790
800,819
25.20
27.19
N/A
21.23
196,641
463,939
241,109
559,710
22.61
20.64
2.21
15.96
23.39
33.30
1.70
16.95
22.54
32.24
-23.12
6.21
-3.64
-3.17
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
ADMF02A
1.
2.
II Tahun 2006 Seri A
ADMF02B
3.
Outstanding
(Rp Million)
570,000
90,000
II Tahun 2006 Seri B
ADMF02C
II Tahun 2006 Seri C
90,000
Listing
Date
09-Jun-06
09-Jun-06
09-Jun-06
Maturity
Date
08-Jun-09
08-Jun-10
08-Jun-11
3 Years
4 Years
5 Years
Coupon
Payment
Date
Coupon
Structure
Issue
Term
Rating
Fixed: 14.40%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
Fixed: 14.50%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
Fixed: 14.60%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idAA-
TRADING HIGHLIGHT
ADMF02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
9.965 10.112 10.080
29-Mar 18-Jun 21-Sep
11.944 12.093 11.991
9.935 10.002
9.944
9.976
9.935 10.114
WA1
353.18 190.79 331.67
Volume2
247.8% 133.9% 232.8%
Turnover3
Modified Duration (Yrs): 8.158
Last
Date
High
Low
Q4
Q1
Q2
10.019
28-Dec
10.698
9.931
10.201
80.64
56.6%
10.076 10.055
27-Mar 06-May
10.569 10.472
9.983 10.055
10.076 10.228
135.93 333.16
95.4% 233.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ADMF02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.005 10.030
05-Jan 12-Jun
10.005 10.853
10.005 10.030
1
10.852
10.005
WA
1.07
6.27
Volume2
4.8% 27.9%
Turnover3
Modified Duration (Yrs): 4.699
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.210
05-Jul
10.210
10.210
10.210
3.15
14.0%
10.293
16-Nov
10.293
10.293
10.293
1.02
4.6%
10.045
12-Mar
10.045
10.045
10.045
1.06
4.7%
10.130
01-Apr
10.130
10.130
10.130
3.19
14.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ADMF02C
No Transaction in the Year of 2007 and Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
29
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
ADMF02A
9.931
12.093
10.201
956
1.84
167.77%
8.158
2.
ADMF02B
10.005
10.853
10.293
12
0.02
12.79%
4.699
3.
ADMF02C
-
-
-
-
-
-
-
968
1.86
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
ADMF02A
Q2-2007
353
Outstanding
Q3-2007
Q4-2007
191
Outstanding
332
570
81
--
ADMF02B
Outstanding
90
--
90
--
ADMF02C -Outstanding
-
30
100
200
300
400
500
600
700
800
900
1,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
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INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
31
AIRJ
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
AETRA AIR JAKARTA (FORMERLY: THAMES PAM JAYA)
:
:
:
:
:
ADDRESS
Sampoerna Strategic Square, South Tower 28th Fl.
Jl. Jend. Sudirman Kav. 45-46, Jakarta 12930
Phone : (021) 577-2030
Fax : (021) 577-2041
A-(idn)
Water utilities
Yosua Lusopatia Tobing
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
The Company is a drinking water providing company with 25 years
concessin under cooperartion with PDAM DKI Jakarta (PAM JAYA).
Scopes of the cooperation are management, operation and maintenance,
as well as investement for optimizing, expanding and improving drinking
water service for community within eastern area of DKI Jakarta, Central
Jakarta area and the whole area of East Jakarta with Ciliwung River as
operational area border.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
150,536
118,166
12,313
290,091
437,803
1,021,448
132,765
747,811
880,576
176,500
87,191
25
3,530
-127,955
140,872
145,872
117,000
19,100
294,585
479,588
1,331
1,003,361
85,838
713,803
799,641
176,500
87,191
25
3,530
-65,107
203,720
-3.10
-0.99
55.12
1.55
9.54
N/A
-1.77
-35.35
-4.55
-9.19
N/A
49.1
44.6
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
617,949
247,429
370,520
209,968
160,552
13,761
174,312
53,682
120,631
626,735
267,582
359,153
189,032
170,121
-64,716
105,405
42,557
62,848
1.42
8.14
-3.07
-9.97
5.96
N/A
-39.53
-20.72
N/A
-47.90
6.25
11.81
19.52
25.98
3.93
6.26
10.03
27.14
-37.21
-46.96
-48.63
4.47
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
32
Code
AIRJ01A
AIRJ01B
Series Name
I Tahun 2008 Seri A
I Tahun 2008 Seri B
Outstanding
(Rp Million)
97,000
149,500
Listing
Date
14-Mar-08
14-Mar-08
Maturity
Date
13-Mar-11
13-Mar-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
3 Years
5 Years
Rating
Fixed: 11.30%
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
A-(idn)
Fixed: 12.50%
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
A-(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
Code
3.
Outstanding
(Rp Million)
Series Name
AIRJ01C
I Tahun 2008 Seri C
368,000
Listing
Date
14-Mar-08
Maturity
Date
13-Mar-15
Issue
Term
Coupon
Payment
Date
Coupon
Structure
7 Years
13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09
Fixed: 13.25%
Rating
A-(idn)
TRADING HIGHLIGHT
AIRJ01A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.162
31-Mar
9.163
9.162
9.163
20.00
82.5%
9.202
11-Apr
9.203
9.202
9.203
20.10
82.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
AIRJ01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
2.50
12.5
2.00
10.0
1.50
7.5
1.00
5.0
0.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.863
26-Mar
9.863
9.863
9.863
2.00
5.4%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
AIRJ01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.280
28-Mar
10.280
10.280
10.280
1.00
1.1%
10.386
24-Jun
10.397
10.342
10.391
7.00
7.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
33
ALFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ALFA RETAILINDO TBK
:
:
:
:
:
ADDRESS
Komplex BIDEX Blok G - No. 25-31
Jl. Pahlawan Seribu, Bumi Serpong Damai, Tangerang 15321
Phone : (021) 5316-4350
Fax : (021) 5316-4310/20/3040; 5316 4311 - 15
idARetail Trade
http://www.alfa-retail.co.id/
Surjadi Budiman
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
101,574
51,946
215,922
381,552
328,292
5,051
744,926
207,400
168,214
375,614
421
630,000
234,000
468
500
131,105
368,891
158,664
39,466
141,920
344,663
303,870
2,334
688,375
270,878
44,199
315,078
630,000
234,000
468
500
135,281
373,298
56.20
-24.02
-34.27
-9.67
-7.44
-53.79
-7.59
30.61
-73.72
-16.12
-100.00
3.19
1.19
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,624,924
3,396,528
228,396
315,373
15,885
18,559
34,444
-4,642
-11
39,074
3,175,322
2,942,243
233,080
345,379
-18,519
12,606
-5,913
-9,950
139
4,176
-12.40
-13.37
2.05
9.51
N/A
-32.07
N/A
-114.36
N/A
-89.31
1.02
5.25
1.08
0.44
0.84
0.61
0.13
-0.58
-17.11
-88.43
-87.80
N/A
BALANCE SHEETS
PT Alfa Retailindo Tbk was founded on August 4, 1989. The Group’s
principal activities are general trading including distribution, dealership
and grocers. The Group operated 26 supermarkets under the name
of ‘Alfa Super’ and ‘Alfa Toko Gudang Rabat’, and 8 grocers located
in Jakarta, Tangerang, Bekasi, Depok, Medan, Bandung, Cirebon,
Semarang, Solo, Yogyakarta, Surabaya, Malang, Jember, Denpasar,
Ujung Pandang and Bandar Lampung. Supermarket accounted for 58%
of 2001 revenues; grocer, 39% and distribution, 3%. The Company has
also 90% shares of PT Betasetia Mega (BSM). PT BSM founded on
1994, domiciles in Jakarta, and representing as a “sole distributor” of PT
Unilever Indonesia Tbk.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
34
Code
ALFA01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
125,000
Listing
Date
18-Jul-03
Maturity
Date
16-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.75%
16-Jan-07
16-Apr-07
16-Jul-07
16-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ALFA01XXBFTW
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
10.041 10.137 10.041 10.113
26-Feb 25-Jun 25-Sep 17-Dec
10.263 10.150 10.119 10.113
9.864
9.858
10.000
9.842
10.041
9.878 10.037
9.940
WA1
51.54
9.23
42.17
49.68
Volume2
29.5% 134.9% 164.9% 159.0%
Turnover3
Modified Duration (Yrs): 5.378
Last
Date
High
Low
Q1
Q2
9.624
3.593
31-Mar 25-Jun
9.624
3.594
9.427
3.412
3.593
9.624
19.19
57.25
61.4% 183.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
No.
Code
1.
ALFA01XXBFTW
9.842
High
Weighted Avg.
Executed
Yield (%)
10.263
% of Total
Turnover
Ratio
(%)
153
0.29
122.10%
153
0.29
TRADING VOLUME
(Billion Rp)
9.940
TOTAL
Modified
Duration (Yrs)
End of Year
5.378
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
9
ALFA01XXBFTW
Q2-2007
42
Q4-2007
Outstanding
52
50
125
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
165
35
APEX
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
APEXINDO PRATAMA DUTA TBK
:
:
:
:
:
ADDRESS
Medco Building, 2nd - 3rd
Jl. Ampera Raya No. 20 Jakarta - 12560
Phone : (021) 780-4766, 780-0840
Fax : (021) 788-0815, 780-4666
idA+
Crude Petroleum & Natural Gas Production
http://www.apexindo.com
Ade R. Satari
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Apexindo Pratama Duta Tbk is a national oil, gas and geothermal
drilling contractor. Its existing fleet of drilling units comprise of 4
submersible swamp barges, 2 jack-up rigs, and 7 onshore drilling rigs.
Apexindo’s new super premium jack up Soehanah and swampbarges
- Maera, Raisis, Raissa and Yani - are currently committed to long-term
contracts with Total E&P Indonesie in East Kalimantan, while the jackup Raniworo is presently undertaking its long term project in Sampang,
Madura with Santos.
All of the company’s onshore rigs are located throughout Indonesia.
Apexindo acquired these land rigs in 2001, as a result of its merger with
PT Medco Antareja, a company specialized in onshore drilling services
that was established in 1983.
Apexindo human resources are highly skilled professionals. Our drillers
are certified by the International Well Control Forum. To maintain the
highest level of professionalism, we continuously provide both in-house
and outsource enhancement training.
The focus on Health, Safety and Environment (HSE) is also paramount
in our employee’s work culture. Our excellent safety record is like a
passport in obtaining new contracts. It allows the Company to gain entry,
also business confidence, in all areas of oil and gas drilling industry.
To maintain our high quality standard, the Company has gone through the
audit process for ISO 9001:2000 certification by applying strategies that
include improving business process management. These strategies are
not only serving as guidelines when conducting business; they also help
to assure focus and commitment to optimize performance. On November
2005, Apexindo has been awarded an ISO 9001:2000 certification for
successfully implementing the Quality Management System.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
232,090
322,754
110,273
891,518
3,062,002
153
4,043,663
192,506
1,913,552
2,106,058
3,000,000
1,311,678
2,623
500
566,754
1,937,604
412,957
430,218
152,607
1,207,711
3,370,203
1,296
4,610,420
464,891
1,938,061
2,402,952
3,000,000
1,316,833
2,634
500
1,012,825
2,207,468
77.93
33.30
38.39
35.47
10.07
749.01
14.02
141.49
1.28
14.10
N/A
0.39
0.39
78.71
13.93
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,435,917
945,477
490,441
77,077
413,363
146,039
559,403
178,621
380,782
1,884,007
1,165,795
718,213
86,816
631,397
-197,998
433,399
110,306
323,093
31.21
23.30
46.44
12.63
52.75
N/A
-22.52
-38.25
N/A
-15.15
1.09
9.42
26.52
28.79
1.09
7.01
17.15
33.51
0.15
-25.58
-35.33
16.42
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
36
Code
Series Name
APEX01A
I Tahun 2005
APEX01B
Syariah Ijarah I Tahun
2005
Outstanding
(Rp Million)
510,000
240,000
Listing
Date
11-Apr-05
11-Apr-05
Maturity
Date
08-Apr-10
08-Apr-10
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.25%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA+
Ijarah Fee
Rp29,400,000,000 p.a
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA+(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
APEX01A
Trading Volume
(Rp Billion)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.309 10.143 11.208 10.974 10.505 10.350
27-Mar 18-Jun 27-Sep 28-Dec 31-Mar 19-Jun
10.769 10.532 11.238 10.974 10.577 10.553
10.193
9.856 10.040 10.150 10.166
9.987
10.373 10.532 10.155 10.212 10.505 10.270
WA1
338.45
86.63 196.77 176.59 210.28 163.20
Volume2
265.5% 67.9% 154.3% 138.5% 164.9% 128.0%
Turnover3
Modified Duration (Yrs): 3.719
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APEX01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
11.035 10.134
29-Mar 28-Jun
11.035 10.456
10.272 10.040
1
10.515 10.155
WA
48.91
34.46
Volume2
81.5% 57.4%
Turnover3
Modified Duration (Yrs): 5.048
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.193
18-Sep
10.251
10.056
10.082
47.42
79.0%
10.197
19-Dec
10.515
10.197
10.515
49.58
82.6%
10.343
26-Mar
10.515
10.185
10.343
11.71
19.5%
10.430
04-Jun
10.430
10.135
10.154
9.58
16.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Weighted Avg.
Executed
Yield (%)
No.
Code
1.
APEX01A
9.856
11.238
10.212
2.
APEX01B
10.040
11.035
10.515
Low
High
TOTAL
% of Total
Turnover
Ratio
(%)
798
1.54
156.56%
3.719
180
0.35
75.15%
5.048
979
1.89
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
APEX01A
Q2-2007
Q3-2007
338
Q4-2007
87
Outstanding
197
49
34
47
50
--
240
Outstanding
-
80
160
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
177
--
510
APEX01B
Outstanding
E X C H A N G E
240
320
400
480
560
640
720
800
37
APOL ARPENI PRATAMA OCEAN LINE TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma BSG, 7th Fl. Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5350
Fax : (021) 350-5440
idA
Transportation
http://www.apol.co.id
Ronald Nangoi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Arpeni Pratama Ocean Line Tbk is one of Indonesia’s leading
diversified shipping companies, owning and operating the largest fleet
of Indonesian flagged bulk carriers. With its comprehensive fleets,
comprising Capesize, Panamax and Handysize vessels, tugboats,
barges and floating cranes, Arpeni has the capacity to provide its end-toend logistic solution services
Arpeni is the leading provider of maritime coal transportation services to
the Indonesian power plants, particularly to the Suralaya Power Plant,
the largest power plant in Indonesia, and to Tanjung Jati B Power Plant.
We have been awarded by PT PLN (Persero) Pembangkitan Tanjung
Jati B a contract of Coal Shipping and Jetty Management Services at
Tanjung Jati B coal steam fired Power Plant for a period of 15 years.
In the first half of 2008, the Company operated 76 wholly-owned vessels,
comprising nine bulk carriers, three general cargo vessels, three tankers,
one LPG carrier, 27 tug boats, 23 barges, nine floating cranes and one
crew boat.
In September 2008, the Company received the delivery of one unit of
Capesize bulk carrier with the capacity of about 150 thousand dwt. By
the operation of this vessel, Arpeni now becomes the only Indonesian
shipping company that owns a capesize bulk carrier, increasing its total
capacity of fleet from 743.3 thousand dwt to be 890.7 thousand dwt.
Arpeni also provides general cargo, liquid cargo maritime transportation
services, as well as supporting services, such as agency, ship management and stevedoring.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
266,336
721,535
44,750
1,258,972
2,161,760
224,349
3,702,989
614,787
1,817,331
2,432,118
10,027
1,000,000
749,651
2,999
250
348,356
1,260,843
438,521
806,372
49,444
1,570,099
2,571,935
177,663
4,930,022
908,598
2,509,220
3,417,818
16,349
1,000,000
749,651
2,999
250
553,628
1,495,856
64.65
11.76
10.49
24.71
18.97
-20.81
33.14
47.79
38.07
40.53
63.05
58.93
18.64
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,354,568
945,280
409,288
94,923
314,365
-96,544
217,821
19,644
-4,227
193,950
1,617,553
1,072,895
544,658
116,114
428,544
-176,848
251,697
23,710
-3,428
223,264
19.41
13.50
33.07
22.32
36.32
-83.18
15.55
20.70
18.90
15.11
1.93
5.24
14.32
23.21
2.28
4.53
13.80
26.49
18.45
-13.54
-3.60
14.16
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
38
Code
APOL01XXBFTW
APOL02A
Series Name
I Tahun 2003
II Tahun 2008 Seri A
Outstanding
(Rp Million)
171,000
276,000
Listing
Date
03-Oct-03
19-Mar-08
Maturity
Date
02-Oct-08
18-Mar-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.25%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
idA
Fixed: 12.00%
18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
APOL02B
3.
II Tahun 2008 Seri B
324,000
19-Mar-08
18-Mar-15
7 Years
18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09
Fixed: 12.50%
idA
TRADING HIGHLIGHT
APOL01XXBFTW
Trading Volume
(Rp Billion)
200
15.0
160
12.0
120
9.0
80
6.0
40
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
Q1
Q2
13.605 12.964 13.823 13.400 12.617 12.918
30-Mar 28-Jun 27-Sep 19-Dec 27-Mar 08-May
14.032 13.326 13.863 13.750 13.640 13.236
12.855 12.713 12.661 13.122 12.617 12.522
13.252 13.326 12.856 13.527 12.617 13.236
WA1
138.21
71.09 183.06 112.93
45.51 184.41
Volume2
323.3% 166.3% 428.2% 264.2% 106.5% 431.4%
Turnover3
Modified Duration (Yrs): 3.498
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APOL02A
Trading Volume
(Rp Billion)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.037
19-Mar
10.037
10.037
10.037
5.50
8.0%
9.993
30-Jun
10.143
9.993
9.993
8.10
11.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
APOL02B
No Transaction in Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
APOL01XXBFTW
Low
High
12.661
14.032
% of Total
Turnover
Ratio
(%)
505
0.97
295.49%
505
0.97
TRADING VOLUME
(Billion Rp)
13.527
TOTAL
Modified
Duration (Yrs)
End of Year
3.498
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
APOL01XXBFTW
138
Outstanding
50
100
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Q3-2007
71
171
-
I N D O N E S I A
Q2-2007
E X C H A N G E
Q4-2007
Outstanding
183
113
-150
200
250
300
350
400
450
500
550
39
ASDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
ASTRA SEDAYA FINANCE
:
:
:
:
:
ADDRESS
Jl. T.B Simatupang No. 90, Tanjung Barat
Jagakarsa, Jakarta - 12530
Phone : (021) 788-59000
Fax : (021) 7885-1182
idAAFinancial Institution
http://www.AutoCybercenter.com
Daniel Sutanto
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
Incorporated in Jakarta at July 15, 1982 under the name of PT Raharja
Sedaya, based on the Deed of the Notary Rukmasanti Hardjasatya SH,
No. 50, the Company started operations in mid of 1983. In the year of
1989 the name was changed into PT Raharja Sedaya Finance. Then,
under the Deed of Statements of Meeting Resolutions No. 161 dated
December 20, 1990, the name was changed from PT Raharja Sedaya
Finance to PT Astra Sedaya Finance (ASF).
With the establishment of ASF, Astra started consumer financing services
through ASF and associated companies (Known as the “Astra Credit
Companies” or ACC). Following the government regulation under the
Decree of the Minister of Finance No. 448 of 2000, ASF is only allowed
to have a stake of maximally 25 % of the associated companies. To date
the associated companies in the ACC include the following:
PT Astra Multi Finance is a joint venture company of PT Astra International
Tbk and the Marubeni Corp. Itachu, Capella Medan and Tunas Mobilindo
Parama. However, as PT Astra Multi Finance owns a business in the
same line, the activities are channeled through the ACC group.
1. PT Swadharma Bhakti Sedaya Finance, an associated companies
between ASF and Yayasan Dana Pensiun Bank Negara Indonesia.
PT Sedaya Pratama and PT Tri Handayani Utama.
2. PT Estika Sedaya Finance, an associated company between ASF
and Yayasan Dana Pensiun Bank Bumi Daya and PT Sedaya
Pratama.
3. PT Stacamitra Sedaya Finance, an associated company between
ASF and Yayasan Dana Pensiun Bank Mandiri Dua and PT
Sedaya Pratama.
4. PT Astra Auto Finance, an associated company between ASF and
PT Astra International Tbk, PT Astra Daihatsu Motor, Nichimen
Corporation and PT Tjahja Sakti Motor Corporation.
5. PT Surya Artha Nusantara Finance, an associated company
between ASF and Marubeni Corporatuion and PT Sedaya Multi
Investama.
6. PT Astra Multi Finance is a joint venture company of PT Astra
International Tbk and the Marubeni Corp. Itachu, Capella Medan
and Tunas Mobilindo Parama. However, as PT Astra Multi Finance
owns a business in the same line, the activities are channeled
through the ACC group.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
128,804
87,807
217,168
49,809
68.60
-43.27
7,050,053
6,224,683
-11.71
168,140
116,521
317
8,028,077
4,136,507
14,598
6,805,982
200
200,000
112,830
113
1,000
1,078,883
1,222,095
94,675
121,589
317
7,444,148
3,652,266
65,499
6,065,547
200
200,000
112,830
113
1,000
1,235,389
1,378,601
-43.69
4.35
-7.27
-11.71
348.68
-10.88
14.51
12.81
1,968,388
1,670,216
298,172
1,623,191
1,211,863
411,328
-17.54
-27.44
N/A
37.95
87,467
210,705
126,405
284,923
44.52
35.22
5.57
2.62
10.70
15.15
4.40
3.83
17.55
25.34
-21.00
45.83
63.98
67.29
AS OF JUNE 2008
No.
1.
2.
40
Code
Series Name
ASDF05G
V Tahun 2004 Seri G
ASDF06J
VI Tahun 2005 Seri J
Amortisasi
Outstanding
(Rp Million)
100,000
90,000
Listing
Date
27-Oct-04
25-Feb-05
Maturity
Date
26-Oct-08
24-Feb-09
Issue
Term
4 Years
4 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 11.25%
26-Jan-07
26-Apr-07
26-Jul-07
26-Oct-07
idAA-
Fixed: 10.625%
24-Feb-07
24-May-07
24-Aug-07
24-Nov-07
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Code
Series Name
ASDF06K
VI Tahun 2005 Seri K
Amortisasi
ASDF07D
ASDF07E
ASDF07F
ASDF08A
ASDF08B
ASDF08C
ASDF08D
ASDF08E
ASDF08F
VII Tahun 2006 Seri D
VII Tahun 2006 Seri E
VII Tahun 2006 Seri F
VIII Tahun 2007 Seri A
VIII Tahun 2007 Seri B
VIII Tahun 2007 Seri C
VIII Tahun 2007 Seri D
VIII Tahun 2007 Seri E
VIII Tahun 2007 Seri F
Outstanding
(Rp Million)
100,000
100,000
150,000
50,000
190,000
100,000
75,000
35,000
200,000
200,000
Listing
Date
25-Feb-05
14-Jun-06
14-Jun-06
14-Jun-06
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
29-Jun-07
Maturity
Date
24-Feb-10
13-Dec-08
13-Jun-09
13-Dec-09
03-Jul-08
28-Dec-08
28-Jun-09
28-Dec-09
28-Jun-10
28-Dec-10
Issue
Term
5 Years
30 Months
36 Months
42 Months
370 Days
18 Months
24 Months
30 Months
36 Months
42 Months
Coupon
Structure
Coupon
Payment
Date
Rating
Fixed: 11.00%
24-Feb-07
24-May-07
24-Aug-07
24-Nov-07
idAA-
Fixed: 14.00%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 14.10%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 14.20%
13-Mar-07
13-Jun-07
13-Sep-07
13-Dec-07
idAA-
Fixed: 9.00%
03-Jul-07
03-Oct-07
03-Jan-08
03-Apr-08
idAA-
Fixed: 9.30%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 9.375%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 9.80%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 10.10%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
Fixed: 10.30%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
idAA-
idAA-
13.
ASDF08G
VIII Tahun 2007 Seri G
200,000
29-Jun-07
28-Jun-11
48 Months
Fixed: 10.35%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
14.
ASDF09A
IX Tahun 2008 Seri A
305,000
10-Mar-08
11-Mar-09
370 Days
Fixed: 9.075%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idAA-
Fixed: 9.125%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
15.
ASDF09B
IX Tahun 2008 Seri B
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
128,000
10-Mar-08
06-Sep-09
18 Months
41
No.
Code
16.
Series Name
ASDF09C
17.
ASDF09D
18.
ASDF09E
19.
ASDF09F
Outstanding
(Rp Million)
IX Tahun 2008 Seri C
133,000
IX Tahun 2008 Seri D
68,000
IX Tahun 2008 Seri E
145,000
IX Tahun 2008 Seri F
221,000
Listing
Date
10-Mar-08
10-Mar-08
10-Mar-08
10-Mar-08
Maturity
Date
06-Mar-10
06-Sep-10
06-Mar-11
06-Sep-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
24 Months
30 Months
36 Months
42 Months
Rating
Fixed: 9.625%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 9.875%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 10.125%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
Fixed: 10.30%
06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09
idAA-
TRADING HIGHLIGHT
ASDF05G
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.311
8.381
07-Mar 26-Jun
8.508
9.115
8.328
8.311
1
8.387
8.325
WA
2
46.62
21.98
Volume
93.2% 44.0%
Turnover3
Modified Duration (Yrs): 6.543
Last
Date
High
Low
Q3
Q4
Q1
8.327
8.358
8.207
13-Sep 26-Dec 27-Mar
9.106
8.414
8.253
8.224
8.133
8.242
8.327
8.358
8.207
29.73 111.29
45.51
59.5% 222.6% 121.3%
Q2
7.870
30-Jun
7.870
7.781
7.861
12.82
51.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF06J
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
7.962
7.975
10-Jan 13-Jun
7.962
7.994
7.962
7.967
7.994
7.962
WA1
23.03
28.09
Volume2
76.8% 93.6%
Turnover3
Modified Duration (Yrs): 9.083
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
7.991
28-Sep
7.991
7.944
7.991
26.20
87.3%
7.961
01-Oct
7.961
7.961
7.961
1.00
3.3%
7.856
7.880
25-Mar 26-May
7.938
7.880
7.856
7.804
7.856
7.815
23.29
22.27
77.6% 99.0%
Q2
1
-
-
Q1-07
42
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF06K
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
8.140
8.624
28-Feb 26-Jun
8.624
8.173
8.140
8.082
8.144
8.082
WA1
2
2.10
8.06
Volume
8.4% 32.3%
Turnover3
Modified Duration (Yrs): 9.826
Last
Date
High
Low
Q4
7.994
04-Sep
8.040
7.994
7.994
5.16
20.6%
Q1
Q2
-
-
-
-
-
7.942
17-Apr
7.942
7.757
7.777
0.53
2.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF07D
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.059
14-Mar
11.059
10.721
11.059
WA1
9.55
Volume2
38.2%
Turnover3
Modified Duration (Yrs): 7.337
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
10.392 11.300
30-Jul 28-Dec
10.406 11.693
10.363 10.313
10.374 11.449
31.62
49.58
126.5% 198.3%
Q1
Q2
10.318 10.558
23-Jan 05-May
10.318 10.558
10.261 10.558
10.318 10.558
14.61
13.00
58.4% 52.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF07E
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.308
14-Feb
10.308
10.183
1
10.308
WA
13.97
Volume2
37.2%
Turnover3
Modified Duration (Yrs): 7.566
Last
Date
High
Low
Q1-Q2 2008
Q3
-
-
-
Q4
Q1
Q2
10.348
14-Dec
10.350
10.331
10.344
26.37
70.3%
10.351
05-Feb
10.351
10.351
10.351
3.16
8.4%
10.674
20-Jun
10.674
10.448
10.674
6.19
16.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
43
ASDF07F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
10.224 10.408 10.896
12-Feb 07-May 26-Sep
10.241 10.866 10.896
10.166 10.408 10.896
1
10.224
10.866 10.896
WA
2
14.10
4.21
17.00
Volume
112.8% 33.7% 136.0%
Turnover3
Modified Duration (Yrs): 7.519
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
10.288
19-Dec
10.315
10.288
10.288
6.41
51.3%
10.277 10.574
21-Feb 28-May
10.277 10.577
10.277 10.574
10.277 10.574
1.07
60.52
8.6% 484.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
N/A
8.579
8.607
8.570
8.681
N/A 28-Jun 18-Sep 18-Dec 26-Mar
N/A
8.579
8.591
8.708
8.619
N/A
8.575
8.474
8.521
8.631
N/A
8.579
8.570
8.681
8.613
WA1
N/A
25.75 183.97
82.23
54.49
Volume2
N/A 54.2% 387.3% 173.1% 114.7%
Turnover3
Modified Duration (Yrs): 5.443
Last
Date
High
Low
Q2
2.680
25-Jun
3.009
2.212
2.680
39.09
82.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
N/A
8.942
9.278
9.074
9.002
9.122
N/A 27-Jun 21-Aug 28-Dec 28-Mar 18-Jun
N/A
9.079
9.200
9.119
9.278
9.122
N/A
9.074
8.998
8.922
8.899
9.031
1
N/A
9.077
9.059
8.942
9.153
8.959
WA
N/A
12.00
28.55
40.11
54.09
40.37
Volume2
N/A 48.0% 114.2% 160.4% 216.4% 161.5%
Turnover3
Modified Duration (Yrs): 10.688
Last
Date
High
Low
1
-
-
Q1-07
44
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF08C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
9.147
N/A 26-Jun
N/A
9.150
N/A
9.147
1
N/A
9.148
WA
2
N/A
4.00
Volume
N/A 21.3%
Turnover3
Modified Duration (Yrs): 5.094
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.128
01-Aug
9.158
9.128
9.128
6.01
32.0%
8.975
17-Dec
9.124
8.975
9.124
6.95
37.1%
8.856
10-Mar
8.900
8.856
8.856
5.61
29.9%
9.308
17-Jun
9.423
9.145
9.308
10.31
55.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
17.5
12.5
14.0
10.0
10.5
7.5
7.0
5.0
3.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Q3
-
Last
Date
High
Low
Q1-Q2 2008
Q4
-
Q1
-
-
-
-
-
-
Q2
9.420
27-Feb
9.427
9.420
9.424
15.02
171.6%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08E
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.717
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
-
Q4
9.817
9.693
28-Sep 01-Nov
9.831
9.706
9.817
9.693
9.824
9.706
20.02
51.05
40.0% 102.1%
Q1
9.693
15-Jan
9.697
9.693
9.695
10.01
20.0%
Q2
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
45
ASDF08F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): 2.812
Last
Date
High
Low
Q3
-
Q1-Q2 2008
Q4
Q1
Q2
9.946
9.872
9.805
9.979
31-Jul 27-Dec 27-Mar 19-Jun
10.202 10.054
9.916 10.523
9.946
9.846
9.805
9.933
10.192
9.888
9.806 10.225
65.95 219.74
70.70 125.37
131.9% 439.5% 141.4% 250.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF08G
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.852
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.051
28-Sep
10.065
10.052
10.052
28.01
56.0%
9.933
01-Oct
9.933
9.840
9.910
27.06
54.1%
9.954
24-Jan
9.956
9.954
9.955
3.99
8.0%
9.926
17-Jun
9.926
9.926
9.926
1.01
2.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.631
7.639
N/A 28-Mar 17-Jun
N/A
7.631
7.639
N/A
7.613
7.572
N/A
7.631
7.639
N/A 135.65
85.40
N/A 177.9% 112.0%
1
-
-
Q1-07
46
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ASDF09B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
7.485
06-Mar
7.485
7.485
7.485
5.00
15.6%
7.515
02-Jun
7.515
7.515
7.515
0.35
1.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
-
7.828
02-Jun
7.828
7.828
7.828
5.35
16.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
7.978
30-Jun
7.978
7.975
7.978
12.35
72.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ASDF09E
No Transaction in Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
47
ASDF09F
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
8.226
30-Jun
9.602
8.226
8.864
21.60
39.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
1.
ASDF05G
8.224
9.115
8.358
2.
ASDF06J
7.944
7.994
7.961
% of Total
Turnover
Ratio
(%)
210
0.40
104.81%
6.543
78
0.15
65.27%
9.083
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
3.
ASDF06K
7.994
8.624
7.994
15
0.03
15.32%
9.826
4.
ASDF07D
10.313
11.693
11.449
91
0.17
90.75%
7.337
5.
ASDF07E
10.183
10.350
10.344
40
0.08
26.89%
7.566
6.
ASDF07F
10.166
10.896
10.288
42
0.08
83.43%
7.519
7.
ASDF08A
8.521
8.708
8.681
292
0.56
153.66%
5.443
8.
ASDF08B
8.922
9.200
8.959
81
0.16
80.66%
10.688
9.
ASDF08C
8.975
9.158
9.124
17
0.03
22.62%
5.094
10.
ASDF08D
-
-
-
-
-
-
-
11.
ASDF08E
9.693
9.831
9.706
71
0.14
35.53%
9.717
12.
ASDF08F
9.846
10.202
9.888
286
0.55
142.84%
2.812
13.
ASDF08G
9.840
10.065
9.910
55
0.11
27.53%
9.852
1,277
2.46
TOTAL
48
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
47
ASDF05G
Q2-2007
22
Q3-2007
30
Q4-2007
111
200
Outstanding
23
ASDF06J
28
26
--
1
120
Outstanding
Outstanding
--
ASDF06K
100
Outstanding
10
ASDF07D
--
32
50
100
Outstanding
14 -
ASDF07E
--
26
150
Outstanding
14 4
ASDF07F
17
6
50
Outstanding
--
--
26
ASDF08A -
184
82
190
Outstanding
ASDF08B - 12
29
--
40
100
Outstanding
--
ASDF08C 75
Outstanding
--
ASDF08D-35
Outstanding
ASDF08E -
--
20
51
200
Outstanding
66
ASDF08F -
220
Outstanding
ASDF08G -
28
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
200
--
200
--
27
Outstanding
-
--
S T O C K
E X C H A N G E
90
120
150
180
210
240
270
300
49
ASGR ASTRA GRAPHIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kramat Raya No. 43
Jakarta - 10450
Phone : (021) 390-9444, 230-2460
Fax : (021) 390-9388, 390-9181
idA
Computer And Services
http://www.astragraphia.co.id/
Susy Herlina Widjaja
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
151,615
98,389
95,401
370,126
137,308
23,676
584,839
152,613
136,272
288,885
250,000
134,878
1,349
100
103,762
295,954
151,020
105,757
123,453
399,385
141,513
24,294
624,557
298,995
11,486
310,481
250,000
134,878
1,349
100
121,885
314,076
-0.39
7.49
29.40
7.91
3.06
2.61
6.79
95.92
-91.57
7.48
N/A
17.47
6.12
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
619,039
385,186
233,853
157,122
76,731
-799
81,600
26,035
55,565
725,581
440,265
285,316
190,266
95,049
-5,490
95,279
23,205
72,074
17.21
14.30
22.01
21.09
23.87
-586.96
16.76
-10.87
N/A
29.71
0.98
9.50
8.98
12.40
0.99
11.54
9.93
13.10
1.27
21.46
10.66
5.68
BALANCE SHEETS
PT Astra Graphia Tbk (ASGR) was founded on October 31, 1975 in
Jakarta. The Company entered information and technology as line of
business in 1983 becoming exclusive distributor of digital product of
digital equipment Corporation USA, for Indonesia market. The Company
has strong presence in document solution, especially photocopier rental,
conservative financial leverage and strong cash flow protection, but
mitigated by high business dependency on Fuji Xerox products and
fluctuating IT solution business. The Company is engaged in document
solution (53% of total revenue in 2002) and information technology
solution services (47%). The company has listed its shares at the JSX
and SSX since 1989. As to date, the Company’s shareholders consist of
PT Astra International (78.8%) and the public (21.2%).
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
50
Code
ASGR01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
150,000
Listing
Date
28-Oct-03
Maturity
Date
27-Oct-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.375%
27-Jan-07
27-Apr-07
27-Jul-07
27-Oct-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ASGR01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.336
9.058
9.263
9.191
9.146
07-Mar 26-Jun 03-Sep 27-Dec 14-Mar
9.336
9.264
9.221 10.448
9.204
9.270
8.939
9.204
9.014
9.028
9.146
9.204
9.048
9.036
9.336
WA1
96.31 111.12 137.58
37.12
41.88
Volume2
99.0% 111.7% 256.8% 296.3% 366.9%
Turnover3
Modified Duration (Yrs): 5.892
Last
Date
High
Low
8.598
27-Jun
8.611
8.433
8.611
7.94
21.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
1.
High
Low
Code
9.014
ASGR01XXBFTW
10.448
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
286
0.55
190.95%
286
0.55
TRADING VOLUME
(Billion Rp)
9.036
TOTAL
Modified
Duration (Yrs)
End of Year
5.892
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
37
ASGR01XXBFTW
Q2-2007
42
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Q4-2007
Outstanding
96
150
Outstanding
I N D O N E S I A
Q3-2007
111
--
90
120
150
180
210
240
270
300
51
BASS BAHTERA ADIMINA SAMUDRA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Total Building 8th - 9th Fl.
Jl. Letjen. S. Parman Kav. 106A, Jakarta 11440
Phone : (021) 568-0481
Fax : (021) 568-0487/88
N.A
Fishery
Panudju Adjie Ibrahim
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
102
5,833
6,141
296,426
3,298
306,940
211,271
12,399
223,670
650,000
175,653
1,757
100
-108,968
83,270
145
734
1,085
245,361
3,298
250,829
238,023
11,825
249,848
650,000
175,653
1,757
100
-191,258
980
41.92
-87.41
N/A
-82.33
-17.23
-18.28
12.66
-4.63
11.70
N/A
-75.52
-98.82
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,750
26,646
-19,896
4,887
-24,783
-63,799
-88,582
-3,632
-84,950
3,902
-3,902
-79,818
-83,720
-1,430
-82,290
-100.00
-100.00
100.00
-20.16
84.26
-25.11
5.49
60.64
N/A
3.13
BALANCE SHEETS
PT Bahtera Adimina Samudra Tbk (hereinafter called “the Company”)
founded on August 5, 1989. The Company is meant to engage in fishery
business mainly in fish-catching. The Company is a subsidiary of Kompak
Group-Fishery Division.
In line with the growth of fishery industry in Indonesia, the Company’s
business activities grows rigorously. The Company’s is aware of the
need to gain sufficient experience with limited risks prior to investing its
capital to establish a strong basis into fishery business.
In 1997, with a five-year experience on hand, the Company was
committed to make a significant investment by acquiring fishing vessels
in its effort to accomplish its goals.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.69
-27.68
-1,258.54
-367.16
Change %
254.88 9,389.02
-32.81
-18.54
N/A
N/A
N/A
N/A
AS OF JUNE 2008
No.
1.
52
Code
BASS01XXBFTW
Series Name
I Tahun 2000
Outstanding
(Rp Million)
75,000
Listing
Date
12-Jun-00
Maturity
Date
05-Jun-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Year 1: 15.00%; Year 25: 16.00%
05-Mar-07
05-Jun-07
05-Sep-07
05-Dec-07
Rating
N.A
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BASS01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1.50
20.0
1.20
16.0
0.90
12.0
0.60
8.0
0.30
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q3
Q2
-
17.455
27-Apr
- 17.463
- 17.463
- 17.463
WA1
1.31
Volume2
7.0%
Turnover3
Modified Duration (Yrs): 7.315
Last
Date
High
Low
Q1-Q2 2008
Q4
-
10.913
25-Sep
10.913
10.913
10.913
1.00
5.3%
-
Q1
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BASS01XXBFTW
Low
High
10.913
17.463
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
2.3
0.004
3.09%
2.3
0.004
TRADING VOLUME
(Billion Rp)
10.913
TOTAL
Modified
Duration (Yrs)
End of Year
7.315
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BASS01XXBFTW 75
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
30
-40
50
60
70
80
90
100
53
BBIA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK UOB BUANA TBK
:
:
:
:
:
ADDRESS
Jl. Gajah Mada No. 1A
Jakarta 10130
Phone : (021) 633-0585, 638-65927
Fax : (021) 632-4467, 632-4478
idA+
Bank
http://www.uobbuana.com
Susan Kwanto & Yovita Wening S.
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
The bank was founded as PT Bank Buana Indonesia on August 31,
1956. The Bank received its business license in October 1956 and
started operations on November 1, 1956. Over the next 5 decades, it
grew to become a leading bank in financing Small and Medium-sized
Enterprises (SME) in Indonesia.
The Bank acquired 3 banks in Bandung, Semarang and Jakarta in
between 1972 and 1975, and become a foreign-exchange licensed
bank in 1976. It successfully weathered the financial crisis that hit Asia
in 1997 without the need for government recapitalization. This success
was followed by the Bank’s listing on the IDX (formerly JSX and BSX)
in 2000.
In 2004, United Overseas Bank Limited (UOB) of Singapore acquired a
23% stake in the Bank through its wholly-owned investment company,
UOB International Investment Private Limited (UOBII). UOBII increased
its shareholding to 53% in October 2005. A tender offer for the remaining
shares of the Bank in November 2005 increased UOBII’s shareholding
by 8.1% to 61.1%.
On March 9, 2007, the Bank officially changed its name to PT Bank UOB
Buana Tbk (“UOB Buana”). This move was to leverage the strong brand
name of UOB in Southeast Asia.
As at year-end 2007, UOB Buana’s service network comprised 35
branches, 170 sub-branches and 126 ATMs across 30 cities in 18
provinces throughout Indonesia. To further improve our bank services,
UOB Buana also collaborated with ALTO and ATM Bersama, enabling
the Bank’s customers to access over 18,000 ATMs in Indonesia and over
1,000,000 ATMs worldwide using the Visa network. In addition, UOB
Buana is linked to the regional and global network of UOB.
In line with UOB’s vision to be a premier bank in Asia Pacific, UOB Buana
strives to expand its business in consumer and corporate banking, while
maintaining its leadership in the SME financing segment. Supported
by an experienced service network, effective information technology
systems, sound capital structure as well as experienced management
and human resources, UOB Buana is committed to creating sustainable
long-term value for its stakeholders.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
182,745
1,416,703
3,525,628
10,108,440
365,544
154,271
16,856,118
12,928,253
74,140
22,220
122,777
13,587,790
4,500,000
1,663,339
6,653
250
684,565
3,268,328
Dec-2007
219,140
877,552
3,059,148
12,455,486
349,236
193,369
18,260,086
14,034,152
53,068
16,330
169,183
14,702,432
4,500,000
1,663,339
6,653
250
982,092
3,557,654
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
2,183,721
1,009,904
125,137
639,495
592,880
-5,666
587,214
177,971
409,243
1,836,772
681,072
144,037
733,410
603,228
1,157
604,385
184,083
420,302
-15.89
-32.56
15.10
14.69
1.75
N/A
2.92
3.43
N/A
2.70
4.16
2.43
18.74
27.15
4.13
2.30
22.88
32.84
-0.60
-5.19
22.10
20.96
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
19.92
-38.06
-13.23
23.22
N/A
-4.46
25.34
8.33
8.55
-28.42
-26.51
37.80
8.20
N/A
43.46
8.85
AS OF JUNE 2008
No.
1.
54
Code
BBIA01
Series Name
Subordinasi I Tahun 2004
Outstanding
(Rp Million)
300,000
Listing
Date
Maturity
Date
15-Jul-04
14-Jul-09 /
14-Jul-14
Issue
Term
Coupon
Structure
Coupon
Payment
Date
14-Jul-07
Year 1-5: Fixed: 13.25%; 14-Oct-07
5/10 Years
Year 6-10: Fixed: 22.05% 14-Jan-08
14-Apr-08
Rating
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBIA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
9.956
9.776
04-Feb 05-May
9.956
9.778
9.956
9.776
9.956
9.777
1.04
8.41
1.4% 11.2%
-
9.913 11.321 10.334
22-Mar 25-Jun 20-Sep
10.861 11.321 10.334
9.798
9.731
9.904
9.903
9.731
9.920
WA1
126.92
47.33
82.56
Volume2
169.2% 63.1% 110.1%
Turnover3
Modified Duration (Yrs): 5.450
Last
Date
High
Low
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BBIA01
Low
High
9.731
11.321
% of Total
Turnover
Ratio
(%)
257
0.49
85.60%
257
0.49
TRADING VOLUME
(Billion Rp)
9.731
TOTAL
Modified
Duration (Yrs)
End of Year
5.450
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
127
BBIA01
Q3-2007
Q4-2007
47
Outstanding
83
-
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
55
BBKP BANK BUKOPIN TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idABank
http://www.bukopin.co.id
Tantri Wulandari
Bank Mandiri (Persero) Tbk
PROFILE
PT Bank Bukopin (BPIN) was founded on July 10, 1970 under the
name of Bank Umum Koperasi Indonesia (BUKOPIN). Between 19841987, The Company merged with several Bank in Indonesia such as :
Bank Koperasi Sulawesi Selatan, Bank Koperasi Propinsi Jawa Barat,
Bank Umum Koperasi Kalimantan Selatan, and Bank Umum Koperasi
Kahuripan Pusat Surabaya. In 1989, The Company’s name had been
changed to Bank Bukopin. In 1993, The Company’s status had been
changed to Limited Company called PT Bank Bukopin.
The Company’s operation is currently supported by 204 offices, operated
under 30 branches in 19 provinces in Indonesia. In addition, BPIN has
236 Swamitra outlets in 17 provinces and around 7,200 ATMs network
(including its own ATM of 200 units, ATM BCA and ATM Bersama).
Throughout 2003, The Company plans to open another 6 branches
to further support its small-scale lending exposures in Tasikmalaya,
Probolinggo, Mataram, Tegal, Pare-pare, and Manado. The Company is
currently owned by Kopelindo (47.8%), GoI (21.7%), Yanatera BULOG
(14.4%), Kopkapindo (8.8%), INKUD (4.7%), and others (2.6%).
ADDRESS
Bank Bukopin Building
Jl. MT Haryono Kav. 50 - 51, Jakarta - 12770
Phone : (021) 798-8266
Fax : (021) 798-0625
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
56
Million Rp except Par Value
Dec-2006
275,562
3,122,782
10,496,345
14,408,595
39,232
268,882
366,932
31,556,143
25,799,327
86,173
851,992
383,871
29,883,343
4,796
2,500,000
773,756
5,625
Dec-2007
421,803
3,757,515
6,748,641
18,801,342
35,510
321,991
501,257
34,446,177
30,152,480
58,684
895,788
479,258
32,476,453
4,931
2,500,000
782,480
5,712
703,661
1,668,004
952,701
1,964,793
Change %
53.07
20.33
-35.70
30.49
-9.49
19.75
36.61
9.16
16.87
-31.90
5.14
24.85
8.68
2.81
1.13
1.55
35.39
17.79
3,063,756
1,842,112
175,153
812,007
430,127
29,900
460,027
144,520
-142
315,216
3,205,929
1,924,020
273,547
986,958
528,121
15,490
543,611
168,350
-135
375,126
4.64
4.45
56.18
21.55
22.78
-48.19
18.17
16.49
5.13
19.01
17.92
1.00
10.29
14.04
16.53
1.09
11.70
16.47
-7.74
9.02
13.73
17.34
10,000 & 100 10,000 & 100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
1.
2.
3.
Outstanding
(Rp Million)
Series Name
BBKP01AXBFTW
Seri A II Tahun 2003
319,000
BBKP01BXBVSB
Subordinasi Seri B Tahun
2003
SYR-BBKP01XX
Syari'ah Mudharabah
Tahun 2003
236,000
45,000
Listing
Date
15-Jul-03
15-Jul-03
15-Jul-03
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA-
10-Jul-08
5 Years
10-Jul-13
Year 1-5: Fixed: 14.00%;
10 Years
Year 6-10: Fixed: 24%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB+
10-Jul-08
Nisbah of Revenue Sharing Year
I: 38.58% & 52.88%; Year 2:
52.50%; Year 3: 39.38%; Year 4:
31.50%; Year 5: 26.25%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA-
5 Years
Fixed: 13.375%
TRADING HIGHLIGHT
BBKP01AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
10.574 10.465 10.447
27-Mar 29-Jun 26-Sep
12.756 10.607 10.501
10.127 10.447 10.356
1
10.611 10.605 10.493
WA
2
47.30 115.11
240.50
Volume
301.6% 59.3% 144.3%
Turnover3
Modified Duration (Yrs): 4.855
Last
Date
High
Low
Q4
Q1
Q2
10.580
17-Dec
12.730
10.506
11.007
34.48
43.2%
10.137
3.308
25-Mar 15-May
3.380
10.185
3.293
10.110
10.136
3.308
52.97
10.06
66.4% 12.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBKP01BXBVSB
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1
Q2
Q3
11.012 11.204 10.883
27-Mar 28-Jun 27-Sep
11.251 12.364 11.313
10.964 10.787 10.772
10.975 10.794 10.835
WA1
194.15 131.04
80.89
Volume2
329.1% 222.1% 137.1%
Turnover3
Modified Duration (Yrs): 7.925
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q4
Q1
Q2
11.038 11.031 10.918
18-Oct 14-Mar 05-Jun
11.057 11.057 11.232
11.038 11.031 10.772
11.057 11.032 10.772
58.47 161.77 135.33
99.1% 274.2% 229.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SYR-BBKP01XX
No Transaction in the Year of 2007 and Q1-Q2 2008
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
57
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
1.
BBKP01AXBFTW
10.127
12.756
11.007
437
0.84
137.11%
4.855
2.
BBKP01BXBVSB
10.772
12.364
11.057
465
0.89
196.84%
7.925
3.
SYR-BBKP01XX
-
-
-
-
-
-
-
902
1.74
Executed Yield (%)
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
BBKP01AXBFTW
Q3-2007
Q4-2007
240
Outstanding
47
115
319
BBKP01BXBVSB
34
--
194
131
236
Outstanding
Outstanding
81
58
--
SYR-BBKP01XX -45
Outstanding
-
58
-50
100
150
200
250
300
350
400
450
500
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
59
BBMI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK SYARIAH MUAMALAT INDONESIA TBK
:
:
:
:
:
ADDRESS
Arthaloka Building, 5th Fl.
Jl. Jend. Sudirman No. 2, Jakarta - 10220
Phone : (021) 251-1414, 251-1470, 251-1451
Fax : (021) 251-1465, 251-1453
idBBB(sy)
Bank
http://www.muamalatbank.com
U. Saefudin Noer
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Syariah Muamalat Indonesia Tbk was established on November
1991, endorsed by the Indonesian Council of Ulama (MUI) and the
Government of Indonesia. The Company commenced operations on
May 1992. Supported by the prominent Indonesian Moslem Scholars
& Leaders and a group of Moslem entrepreneurs, and also won the
support of the general public.
The Company’s activities are based on Sharia principle. The Company
establishment as the pioneer of Sharia Bank in Indonesia and its
experience in surviving the economic crisis in 1997-1998, made its
existance bring a strong influence to inspire the Islamic banking and
financial industry in Indonesia. The Company also play its role to develop
the industry by establishing Takaful Insurance, Muamalat Pension Fund,
Muamalat Institute, BaituMaal Muamalat, Al Ijarah Indonesia Finance,
etc.
The Company offers several sharia products ranging from wadiah
(demand deposits and saving), mudharabah (time deposit and saving),
as well as financing with varieties of products including murabahah,
istishna, salam, Ijarah, mudharabah, and musyarakah. The Company
provides other financial services such as wakalah, kafalah, hiwalah,
etc.
In 2004, The Company launched its flagship product, called Shar-E,
which is the instant saving account card product that can be used as
ATM card and Debit Card. Shar-E is sold through The Company office
network, SOPP Pos on line and agents. As of December 2007, Shar-E
reached 1.2 million account and make Shar-E the fastest percentage
growth rate in the number of customers for a bank product in Indonesia.
As of June 2008, The Company’s shareholders consist of Islamic
Development Bank (IDB-28.01%), Boubyan Bank of Kuwait (21.28%),
Atwill Holding Ltd (15.32%), and others (35.39%). To support its
operation, as to date, The Company has 1 main operational office,
51 branches offices, 8 sub branches, 20 sharia service unit, 94 Cash
Offices, 43 Gerai Muamalat outlet and connected realtime online with
2,700 SOPP Pos outlets. The Company’s networks are supported by
various delivery channel: ATM network at almost all ATMs in Indonesia
through its own ATM and shared ATM (ATM Prima/BCA, ATM Bersama,
MEPS in Malaysia); Debit Prima/BCA; Phone Banking (SalaMuamalat);
Mobile Banking (M-Bank), PC Banking, etc.
Million Rp except Par Value
Dec-2006 Dec-2007
Change %
BALANCE SHEETS
Cash on Hand
30.25
133,340
173,671
Placements with Other Banks 1,319,653 1,331,195
0.87
Marketable Securities
14,850
14,850
Loans
28.82
6,449,366 8,308,122
Investments
610.38
5,662
40,223
Fixed Assets
16.76
59,403
69,359
Other Assets
26.82
211,266
267,930
Total Assets
26.26
8,370,595 10,569,078
Deposits
38.26
727,797 1,006,253
Taxes Payables
66.97
18,397
30,718
Fund Borrowings
-14.24
179,581
154,012
Other Liabilities
14.29
68,448
78,229
Total Liabilities
42.45
1,079,562 1,537,870
Minority Interests
25.83
6,504,592 8,185,045
Authorized Capital
1,950,000 1,950,000
Paid up Capital
492,791
492,791
Paid up Capital (Shares)
820
820
Par Value
1,000 & 500 1,000 & 500
Retained Earnings
161,152
220,875
37.06
Total Equity
786,441 846,163,706 107,494.0
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,049,309
570,047
92,171
396,663
174,770
841
161,473
53,116
108,357
1,165,320
500,151
117,868
561,668
221,369
1,687
212,038
66,713
145,325
11.06
-12.26
27.88
41.60
26.66
100.48
31.32
25.60
N/A
34.12
1.37
1.29
10.33
16.66
0.002
1.38
12.47
19.00
-99.87
6.22
20.76
14.05
AS OF JUNE 2008
No.
1.
60
Code
Series Name
SYR-BBMI01SB
Syariah I Subordinasi
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
21-Jul-03
Maturity
Date
15-Jul-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
7 Years
Nisbah of Revenue
Sharing: 91.00%
15-Jan-07
15-Apr-07
15-Jul-07
15-Oct-07
Rating
idBBB
(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SYR-BBMI01SB
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.195
8.287
23-Mar 08-Jun
9.195
9.140
8.234
8.229
8.515
8.465
WA1
39.73
49.38
Volume2
79.5% 98.8%
Turnover3
Modified Duration (Yrs): 6.877
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.445
17-Sep
8.529
8.214
8.214
35.07
70.1%
8.219
19-Dec
8.595
8.098
8.140
39.01
78.0%
8.160
19-Mar
8.311
8.146
8.158
32.80
65.6%
8.205
18-Jun
8.205
8.181
8.205
24.02
48.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
SYR-BBMI01SB
Low
High
8.098
Weighted Avg.
Executed
Yield (%)
9.195
% of Total
Turnover
Ratio
(%)
163
0.31
81.60%
163
0.31
TRADING VOLUME
(Billion Rp)
8.140
TOTAL
Modified
Duration (Yrs)
End of Year
6.877
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
40
SYR-BBMI01SB
Q3-2007
49
35
Outstanding
39
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
61
BBNI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK NEGARA INDONESIA (PERSERO) TBK
:
:
:
:
:
ADDRESS
BNI Building, 24th Fl.
Jl.Jend.Sudirman Kav. 1, Jakarta - 10220
Phone : (021) 251-1946 (70 lines)
Fax : (021) 251-1214, 251-1961, 251-1075
idA+
Bank
http://www.bni.co.id
Intan Abdams Katoppo
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank BNI Tbk (BBNI) was established on July 5, 1946 as Central
Bank, located in Jakarta owned by Indonesia Government. In 1955, the
company changed to be general bank to support the development of
Indonesia economy. In 1992, the company’s name was changed to PT
Bank Negara Indonesia (Persero). On October 28, 1996, the company
was going public (initial public offering) and changed its name to PT
Bank Negara Indonesia (Persero) Tbk.
Million Rp except Par Value
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
2,694,635 3,259,229
Placements with Other Banks 29,978,141 14,808,515
4,956,328 16,200,561
Marketable Securities
62,613,795 83,214,985
Loans
337,716
134,793
Investments
Fixed Assets
4,111,593 3,871,229
Other Assets
4,139,786 2,799,685
Total Assets
169,415,573 183,341,611
Deposits
138,141,073 149,992,482
Taxes Payables
405,269
151,379
Fund Borrowings
4,009,424 6,309,151
Other Liabilities
2,640,068 4,318,861
Total Liabilities
154,596,653 166,094,416
Minority Interests
24,651
27,610
Authorized Capital
15,000,000 15,000,000
Paid up Capital
7,042,194 7,789,288
13,282
15,274
Paid up Capital (Shares)
Par Value
& 7,500 & 375& 7,500 & 375
Retained Earnings
2,740,011 2,039,493
Total Equity
14,794,269 17,219,585
Change %
20.95
-50.60
226.87
32.90
-60.09
-5.85
-32.37
8.22
8.58
-62.65
57.36
63.59
7.44
12.00
10.61
15.00
-25.57
16.39
INCOME STATEMENTS
Total Interest Income
14,938,397 14,877,720
Interest Expenses
7,561,866 7,410,289
2,861,275 4,129,716
Other Operating Income
Other Operating Expenses 6,263,931 7,625,927
Income from Operations
2,655,122 1,267,648
Non-Operating Income
184,517
213,492
Income Before Tax
2,839,639 1,481,140
Provision for Income Tax
911,074
579,396
-2,735
-3,816
Minority Interests
Net Income
1,925,830
897,928
-0.41
-2.00
44.33
21.74
-52.26
15.70
-47.84
-36.41
-39.52
-53.37
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
-7.69
-56.92
-53.18
-52.06
10.45
1.14
12.89
17.77
9.65
0.49
6.04
8.52
AS OF JUNE 2008
No.
1.
2.
62
Code
BBNI01XXBFTW
USD-BBNI01SB
Series Name
I Tahun 2003
Subordinasi Tahun 2003
Outstanding
(Rp Million)
1,000,000
100
Listing
Date
14-Jul-03
14-Jul-03
Maturity
Date
10-Jul-11
10-Jul-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
8 Years
10 Years
Rating
Fixed: 13.125%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA+
Year 1-5: Fixed: 7.5%;
Year 6-10: US Treasury
Rate + 7.74 %
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBNI01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.938
10.174
29-Mar 25-Jun
10.976 10.736
10.068
9.916
1
10.894
9.918
WA
191.46 130.72
Volume2
76.6% 52.3%
Turnover3
Modified Duration (Yrs): 6.082
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.926
13-Sep
10.573
9.926
9.961
114.62
45.8%
10.047
12-Dec
10.736
10.043
10.542
209.39
83.8%
10.110
05-Feb
10.736
10.066
10.693
120.67
48.3%
10.579
30-Jun
10.586
9.826
10.541
227.63
91.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
USD-BBNI01SB
Trading Volume
(USD Million)
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
6.900
16-Feb
6.900
6.900
6.900
WA1
1.98
Volume2
7.9%
Turnover3
Modified Duration (Yrs): 12.070
Last
Date
High
Low
-
Q3
Q4
Q1
Q2
6.815
01-Aug
6.836
6.815
6.825
4.98
19.9%
6.846
16-Nov
6.852
6.846
6.849
4.00
16.0%
6.849
6.783
25-Mar 27-May
6.852
6.792
6.834
6.783
6.844
6.788
12.01
4.01
48.1% 16.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BBNI01XXBFTW
2.
USD-BBNI01SB
Low
High
9.916
10.976
10.542
6.815
6.900
6.849
% of Total
Turnover
Ratio
(%)
1.24
64.62%
6.082
101
0.00
10.96%
12.070
747
1.24
TRADING VOLUME
(Billion Rp)
646
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
191
BBNI01XXBFTW
Q2-2007
131
Q3-2007
115
Q4-2007
Outstanding
209
1,000
Outstanding
--
USD-BBNI01SB - 0
Outstanding -- 0
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
300
400
500
600
700
800
900
1,000
1,100
63
BBRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK RAKYAT INDONESIA (PERSERO) TBK
:
:
:
:
:
ADDRESS
BRI I Building, Jl. Jend. Sudirman No. 44 - 46
Jakarta - 10210
Phone : (021) 251-0244; 250-0124; 251-0315
Fax : (021) 570-1865
idAA+
Bank
http://www.bri.co.id
Hartono Sukiman
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is the third largest bank
in Indonesia. Officially, BRI was established based on Law No. 21 year
1968, but its root history can be traced back since 1895.
Previously a wholly owned by the government of Indonesia, BRI went
public in November 2003 and become a public listed company. Now,
the Government owns 56.8% and public own the rest. BRI share is
categorized as a blue chip and is included in LQ 45.
BRI is famous for its focus on financing the micro and SME business.
Its micro business is considered as one of the biggest micro lending
providers in the world. Of its total loan portfolio, 80% goes to Micro and
SMEs. Given the business nature of BRI, it has the largest networks, with
more than 5,000 outlets spreading all over Indonesia, from rural to the
city. Moreover, BRI also has an enormous customer base, more than 20
million depositors and borrowers which gives a competitive advantage
for BRI to develop its business including fee based business.
To serve its customers, BRI has a wide range of banking products and
services. Kupedes, a loan product for micro borrower, is widely known to
micro enterprenuers. In addition to that BRI also provides working capital
loans, fixed asset loans, consumer loans, export/import loans, etc. For
deposits, Simpedes is a prominent saving products in rural and small
town, whereas Britama is designed for urban people. BRI also has time
deposit and demand deposits.
Supported by a solid business model and infrastructure, BRI has become
the most profitable bank in Indonesia. BRI will continue to expand its
business to give a better value for all shareholders and stakeholders.
Million Rp except Par Value
Dec-2006
BALANCE SHEETS
Cash on Hand
3,458,907
Placements with Other Banks 13,615,786
Marketable Securities
15,382,732
Loans
82,541,885
Investments
68,711
Fixed Assets
1,821,978
Other Assets
2,306,227
Total Assets
154,725,486
Deposits
126,336,779
Taxes Payables
287,337
Fund Borrowings
1,764,607
Other Liabilities
4,367,107
Total Liabilities
137,846,678
Minority Interests
Authorized Capital
15,000,000
Paid up Capital
6,143,211
Paid up Capital (Shares)
12,286
Par Value
500
Retained Earnings
7,439,180
Total Equity
16,878,808
Dec-2007
5,041,396
14,629,443
17,317,899
105,923,763
76,668
1,644,172
2,713,984
203,734,938
167,211,016
1,140,490
2,382,277
6,448,558
184,297,303
15,000,000
6,158,900
12,318
500
9,978,092
19,437,635
Change %
45.75
7.44
12.58
28.33
11.58
-9.76
17.68
31.68
32.35
296.92
35.00
47.66
33.70
N/A
0.26
0.26
34.13
15.2
INCOME STATEMENTS
Total Interest Income
21,070,537 23,240,631
7,281,182 6,544,059
Interest Expenses
Other Operating Income
1,509,050 1,821,701
Other Operating Expenses 7,665,646 9,019,611
Income from Operations
5,784,619 7,556,003
Non-Operating Income
122,102
224,071
Income Before Tax
5,906,721 7,780,074
Provision for Income Tax
1,649,149 2,942,073
Minority Interests
Net Income
4,257,572 4,838,001
10.30
-10.12
20.72
17.66
30.62
83.51
31.72
78.40
N/A
13.63
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
16.10
-13.70
3.02
18.43
8.17
2.75
20.21
27.45
9.48
2.37
20.82
32.51
AS OF JUNE 2008
No.
1.
64
Code
BBRI01XXBFSB
Series Name
Subordinasi I Tahun 2004
Outstanding
(Rp Million)
500,000
Listing
Date
12-Jan-04
Maturity
Date
09-Jan-14
Coupon
Payment
Date
Issue
Term
Coupon
Structure
10 Years
Year 1-6: Fixed: 13.5%;
Year 7-10: Fixed: 23.5%
09-Jan-07
09-Apr-07
09-Jul-07
09-Oct-07
Rating
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BBRI01XXBFSB
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.399 10.341
27-Mar 27-Jun
10.841 11.611
10.399 10.341
10.568 10.400
WA1
99.99 140.91
Volume2
80.0% 112.7%
Turnover3
Modified Duration (Yrs): 5.013
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.649
13-Sep
11.476
10.353
10.461
86.43
69.1%
9.960
18-Dec
11.140
9.960
9.960
26.69
21.4%
9.831
27-Mar
11.140
9.831
9.831
46.74
37.4%
9.739
25-Jun
10.960
9.739
9.739
69.58
55.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BBRI01XXBFSB
Low
9.960
High
Weighted Avg.
Executed
Yield (%)
11.611
% of Total
Turnover
Ratio
(%)
354
0.68
70.80%
354
0.68
TRADING VOLUME
(Billion Rp)
9.960
TOTAL
Modified
Duration (Yrs)
End of Year
5.013
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
100
BBRI01XXBFSB
Q3-2007
141
86
Outstanding
27
500
Outstanding
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
150
200
250
-300
350
400
450
500
550
65
BBSM BANK SYARIAH MANDIRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Bank Syariah Mandiri Building
Jl. MH. Thamrin No. 5, Jakarta - 10360
Phone : (021) 230-0509, 3983-9000
Fax : (021) 3983-2989
idBBB+(sy)
Bank
Tutuy Guntara
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Syariah Mandiri operated since November 1, 1999 as a
general bank. The Company’s activities based on Syariah principle. The
Company was founded to response Banking Act No. 10, 1998.
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006 Dec-2007
137,457
201,359
1,298,094 1,562,654
497,209
778,409
6,958,770 9,829,606
114,316
102,793
87,403
114,611
9,554,967 12,885,391
2,064,427 1,875,240
13,802
13,440
32,000
32,000
207,297
161,885
2,657,593 2,646,612
6,200,142 9,427,402
1,000,000 1,000,000
358,373
358,373
72
72
5,000
5,000
338,858
453,004
697,231
811,376
Change %
46.49
20.38
56.56
41.25
N/A
-10.08
31.13
34.86
-9.16
-2.62
-21.91
-0.41
52.05
33.69
16.4
934,420
455,490
145,126
523,225
100,832
-5,595
95,237
29,756
65,480
1,197,273
511,874
209,920
728,252
167,068
1,116
168,183
52,728
115,455
28.13
12.38
44.65
39.19
65.69
N/A
76.60
77.20
N/A
76.32
3.81
0.69
7.01
10.79
3.26
0.90
9.64
13.95
-14.42
30.75
37.61
29.31
AS OF JUNE 2008
No.
1.
66
Code
Series Name
SYR-BBSM01XX
Syariah Mudharabah
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
03-Nov-03
Maturity
Date
31-Oct-08
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Nisbah of Revenue
Sharing: 77.50%
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
Rating
idBBB+
(sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SYR-BBSM01XX
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.252
8.150
12-Mar 26-Jun
8.322
8.252
8.186
8.150
8.239
8.247
WA1
5.92
11.87
Volume2
23.7% 11.8%
Turnover3
Modified Duration (Yrs): 6.962
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.123
19-Sep
8.210
8.022
8.123
32.34
64.7%
8.118
27-Dec
8.180
8.068
8.142
45.87
91.7%
8.008
24-Mar
8.030
7.871
7.947
6.75
13.5%
7.625
25-Jun
7.934
7.594
7.594
13.22
26.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
No.
Code
1.
SYR-BBSM01XX
8.022
High
8.322
% of Total
Turnover
Ratio
(%)
96
0.18
48.00%
96
0.18
TRADING VOLUME
(Billion Rp)
8.142
TOTAL
Modified
Duration (Yrs)
End of Year
6.962
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
12
SYR-BBSM01XX
6
Q2-2007
32
Q3-2007
Outstanding
46
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
67
BBTN BANK TABUNGAN NEGARA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idA+
Bank
http://www.btn.co.id
Saut Pardede, Rinna Mona Lindyana
Bank Mega Tbk
PROFILE
PT Bank Tabungan Negara (BTN) was founded on February 9, 1950
under the name of Bank Tabungan Pos. Along with the government’s
program in housing development, especially housing for low-income
segment, in 1974 The Company was appointed as the housing loan
financing institution. Furthermore, in 1989, the bank’s status was
changed into a commercial bank and became Persero in 1992. In 1994,
Bank BTN began its operation as a Foreign Exchange Bank.
Based on the study conducted by an independent consultant, Price
Waterhouse Coopers, the government through the minister of State
Owned Company decided that the main function of Bank BTN was to
become public bank focused in non subsidy housing loan.
To support its operation, as to date, The Company has 56 branches, 183
sub-branches, and 289 fully owned ATMs in addition to around 12,700
units of ATM Bersama network all over Indonesia. The bank started
Syariah Business in 2005. As to date, BTN Syariah has operated 15
branches and 39 office channelings. In addition, to cover its customers in
remote areas, In 2005 The Company signed the agreement with PT. Pos
Indonesia to implement an online system operation in both branches.
There are 1.269 post office outlets all around the nation connected on
line with Bank BTN branches. As to date, the Government of Indonesia
(GoI) still holds 100% ownership at The Company.
ADDRESS
Bank Tabungan Negara Building, 20th Fl.
Jl. Gajah Mada No. 1 Jakarta - 10130
Phone : (021) 633-6733, 633-6789, 6332666
Fax : (021) 633-6737, 633-6701, 634-6704
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
134,694
290,429
1,750,050
17,540,172
307,296
175,480
32,575,797
21,603,827
22,851
3,704,445
911,682
30,815,521
5,000,000
1,250,000
1
1,000,000
-13,320
1,760,276
INCOME STATEMENTS
Total Interest Income
4,163,319
-2,539,074
Interest Expenses
160,747
Other Operating Income
Other Operating Expenses 1,176,085
Income from Operations
538,984
Non-Operating Income
4,235
Income Before Tax
543,219
Provision for Income Tax
178,545
Minority Interests
364,674
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
68
Million Rp except Par Value
17.51
1.12
8.76
12.95
Dec-2007
Change %
36.80
184,264
-81.40
54,013
1,908,327
9.04
21,855,337
24.60
N/A
997,662
224.66
456,151
159.94
36,693,247
12.64
24,202,236
12.03
-100.00
3,625,754
-2.12
1,293,937
41.93
33,905,835
10.03
N/A
10,239,216
104.78
2,559,804
104.78
15 1,107.48
169,596
-83.04
235,976
N/A
2,787,412
58.35
3,930,568
2,177,694
226,921
1,391,377
590,831
10,808
601,639
199,619
402,020
-5.59
N/A
41.17
18.31
9.62
155.21
10.75
11.80
N/A
10.24
12.16
1.10
10.23
15.03
-30.52
-2.13
16.77
16.11
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BBTN09XXBFTW
1.
2.
BBTN10B
4.
750,000
X Tahun 2004
Subordinasi I Tahun 2004
BBTN11
250,000
XI Tahun 2005
BBTN12
5.
750,000
IX Tahun 2003
BBTN10A
3.
Outstanding
(Rp Million)
750,000
XII Tahun 2006
1,000,000
Listing
Date
03-Oct-03
25-May-04
25-May-04
07-Jul-05
20-Sep-06
Maturity
Date
02-Oct-08
25-May-09
25-May-14
06-Jul-10
19-Sep-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.50%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
idA+
Fixed: 12.20%
25-Feb-07
25-May-07
25-Aug-07
25-Nov-07
idA+
10 Years
25-Feb-07
Year 1-5: Fixed: 12.60%; 25-May-07
Year 6-10: Fixed: 22.60% 25-Aug-07
25-Nov-07
idA
5 Years
Fixed: 12.00%
06-Jan-07
06-Apr-07
06-Jul-07
06-Oct-07
idA+
Fixed: 12.75%
19-Mar-07
19-Jun-07
19-Sep-07
19-Dec-07
idA+
5 Years
5 Years
5 Years
TRADING HIGHLIGHT
BBTN09XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.736 11.775
08-Mar 26-Jun
12.754 12.078
11.672 11.382
11.717 11.484
WA1
19.31 273.54
Volume2
10.3% 145.9%
Turnover3
Modified Duration (Yrs): 2.995
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
11.435 12.197
25-Sep 26-Dec
11.579 12.524
11.326 11.665
11.496 11.748
118.94 277.20
63.4% 147.8%
Q1
Q2
11.787 11.559
18-Jan 27-Jun
12.769 11.635
11.766 11.309
12.124 11.496
150.04 260.88
80.0% 139.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN10A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
8.573
8.552
28-Feb 21-Jun
9.220
8.573
8.482
8.504
8.504
8.573
WA1
28.17
74.61
Volume2
15.0% 39.8%
Turnover3
Modified Duration (Yrs): 8.677
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
8.550
8.512
26-Sep 28-Dec
9.282
8.729
8.509
8.471
8.548
8.525
87.50 272.66
46.7% 145.4%
Q1
Q2
8.564
8.667
28-Mar 30-Jun
8.604
8.733
8.435
8.460
8.564
8.561
183.52 240.76
97.9% 128.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
69
BBTN10B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
8.780
9.259
9.124
27-Feb 16-May 04-Sep
9.259
9.124
9.156
8.679
8.688
8.714
9.156
9.124
8.782
WA1
99.45
25.23 193.25
Volume2
159.1% 40.4% 309.2%
Turnover3
Modified Duration (Yrs): 8.451
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.876
29-Nov
8.876
8.876
8.876
21.73
34.8%
8.927
17-Mar
9.000
8.925
8.927
49.41
79.1%
8.412
12-Jun
8.469
8.412
8.412
44.27
70.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN11
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.347 10.432
26-Mar 12-Jun
10.385 10.517
10.347 10.090
10.369 10.186
WA1
84.16
94.70
Volume2
44.9% 50.5%
Turnover3
Modified Duration (Yrs): 3.822
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.165
20-Sep
10.275
10.165
10.275
11.96
6.4%
10.444
26-Dec
10.706
10.368
10.368
23.62
12.6%
10.420
21-Jan
10.423
10.338
10.422
5.19
2.8%
10.137
30-Jun
10.137
10.137
10.137
2.62
1.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BBTN12
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.850
9.843
29-Mar 20-Jun
11.125 11.184
9.762
9.723
9.929 10.490
WA1
235.69 131.74
Volume2
94.3% 52.7%
Turnover3
Modified Duration (Yrs): 3.907
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.114
26-Sep
11.285
9.619
11.069
110.18
44.1%
9.734
05-Dec
10.732
9.523
10.555
215.03
86.0%
9.665
26-Feb
10.535
9.375
10.533
91.39
36.6%
10.866
27-Jun
10.914
9.491
10.732
137.04
54.8%
1
-
-
Q1-07
70
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING STATISTICS 2007
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
1.
BBTN09XXBFTW
11.326
12.754
11.748
689
1.33
91.87%
2.995
2.
BBTN10A
8.471
9.282
8.525
463
0.89
61.73%
8.677
3.
BBTN10B
8.679
9.259
8.876
340
0.65
135.86%
8.451
4.
BBTN11
10.090
10.706
10.368
214
0.41
28.59%
3.822
5.
BBTN12
9.523
11.285
10.555
693
1.33
69.26%
3.907
2,399
4.62
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BBTN09XXBFTW 19
Q2-2007
274
119
Outstanding
BBTN10A 28
75
87
99
25
193
250
Outstanding
84
BBTN11
95
277
750
--
750
--
750
--
--
24
132
236
110
215
1,000
Outstanding
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
22
Outstanding
BBTN12
Q4-2007
273
Outstanding
BBTN10B
Q3-2007
S T O C K
E X C H A N G E
300
400
500
-600
700
800
900
1,000
1,100
71
BCAF BCA FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma Millenia 3rd Fl.
Jl. MT Haryono Kav. 16, Jakarta Selatan
Phone : (021) 831-0222
Fax : (021) 831-0338
idA+ & Aa3.id
Financial Institution
Amirdin Halim
Bank Mega Tbk
PROFILE
PT BCA Finance is a fast-growing automotive financing company of BCA
Group and one of the main leader in financing industries in Indonesia.
The Company has 24 branches & sales points in 11 cities all over
Indonesia, more than 40,000 customers, more than 2,500 payment
points, and fully supported by Bank Central Asia, as well as its largest
network in branches and ATMs in Indonesia.
Currently, BCA Finance is focusing on:
1. Consumer finance (automotive), including New Cars, Used Cars,
High Class Cars to Medium-Low Class Cars.
2. Leasing, machine, and heavy equipment
3. Factoring
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
72
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
2,389
-
2,190
-
-8.33
N/A
991,858
1,347,462
35.85
3,316
11,077
10,178
1,077,097
11,970
792,044
20
200,000
58,952
6
10,000
230,527
285,052
5,337
11,270
18,876
1,438,883
34,262
1,027,332
20
200,000
58,952
6
10,000
357,026
411,551
60.94
1.74
85.46
33.59
N/A
186.22
29.71
54.87
44.38
285,099
172,523
112,576
451,582
236,930
214,652
58.40
37.33
N/A
90.67
34,162
78,414
64,629
150,022
89.18
91.32
2.78
7.28
27.50
39.49
2.50
10.43
33.22
47.53
-10.16
43.22
20.79
20.38
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BCAF02A
1.
BCAF02B
2.
BCAF02C
3.
BCAF02D
4.
Outstanding
(Rp Million)
100,000
II Tahun 2007 Seri A
150,000
II Tahun 2007 Seri B
II Tahun 2007 Seri C
125,000
II Tahun 2007 Seri D
125,000
Listing
Date
28-Feb-07
28-Feb-07
28-Feb-07
28-Feb-07
Maturity
Date
27-Feb-09
27-Feb-10
27-Aug-10
27-Feb-11
Issue
Term
24 Months
36 Months
42 Months
48 Months
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 10.25%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
Fixed: 10.75%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
Fixed: 11.00%
27-Nov-07
27-Feb-08
27-May-08
27-Aug-08
idA+ &
Aa3.id
Fixed: 11.375%
27-May-07
27-Aug-07
27-Nov-07
27-Feb-08
idA+ &
Aa3.id
TRADING HIGHLIGHT
BCAF02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
7.826
7.874
08-Mar 26-Jun
7.850
7.875
7.820
7.840
1
7.825
7.844
WA
8.03
22.03
Volume2
32.1% 88.1%
Turnover3
Modified Duration (Yrs): 10.143
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.857
19-Sep
7.860
7.856
7.859
18.05
72.2%
7.839
7.817
7.778
13-Dec 31-Mar 13-May
7.839
7.858
7.802
7.791
7.713
7.686
7.749
7.778
7.807
15.07
60.38
13.96
60.3% 241.5% 55.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BCAF02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1
Q2
8.091
8.132
23-Feb 26-Jun
8.133
8.105
8.075
8.074
8.076
8.105
WA1
9.02
47.23
Volume2
24.1% 125.9%
Turnover3
Modified Duration (Yrs): 9.805
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
Q1
8.098
8.082
8.105
25-Sep 18-Dec 26-Mar
8.105
8.117
8.132
8.082
8.046
8.041
8.115
8.048
8.105
25.11
56.50
99.45
67.0% 150.7% 265.2%
Q2
8.082
11-Apr
8.082
8.077
8.078
14.14
37.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
73
BCAF02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.154
8.199
8.232
8.198
8.167
8.182
29-Mar 28-Jun 20-Sep 27-Dec 14-Mar 14-May
8.154
8.215
8.232
8.224
8.242
8.194
8.143
8.183
8.172
8.161
8.154
8.088
1
8.149
8.201
8.232
8.224
8.167
8.179
WA
10.15 115.94 101.76 119.74
89.76 127.11
Volume2
32.5% 371.0% 325.6% 383.2% 287.2% 406.7%
Turnover3
Modified Duration (Yrs): 9.298
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BCAF02D
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.411
8.314
29-Mar 25-Jun
8.443
8.411
8.411
8.307
8.411
8.333
WA1
13.00 150.82
Volume2
41.6% 482.6%
Turnover3
Modified Duration (Yrs): 9.336
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.440
26-Sep
8.442
8.333
8.424
30.14
96.5%
8.290
8.407
18-Dec 26-Mar
8.309
8.411
8.282
8.405
8.407
8.293
22.47
36.02
71.9% 115.3%
8.514
20-Jun
8.514
8.438
8.440
9.99
32.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
BCAF02A
7.791
7.875
7.807
63
0.12
63.18%
10.143
2.
BCAF02B
8.046
8.133
8.048
138
0.27
91.91%
9.805
3.
BCAF02C
8.143
8.232
8.224
348
0.67
278.07%
9.298
4.
BCAF02D
8.282
8.443
8.293
216
0.42
173.15%
9.336
765
1.47
Executed Yield (%)
Low
TOTAL
74
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
8
BCAF02A
18
22
Q2-2007
9
BCAF02B
47
56
25
-
150
-
125
Outstanding
30
151
13
BCAF02D
-
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
22
-
125
Outstanding
120
102
116
10
Outstanding
-
Outstanding
BCAF02C
Q4-2007
15
100
Outstanding
Q3-2007
105
140
175
210
245
280
315
350
75
BDKI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK DKI (BPD DKI)
:
:
:
:
:
idABank
Moch. Syahroni
Bank Mega Tbk
PROFILE
PT Bank of DKI represents one of the bank property of Local government
of DKI which is on initially is so called Local Development Bank of DKI
( BPD DKI). Founded on 11 April 1961, with paid-in capital equal to Rp
2,500,000 (two millions five hundreds thousand rupiah). In the year
1999, paid-in capital became Rp 700,000,000,000.00 (seven hundred
billion rupiahs.
Types of Services which is given to his clients such as Foreign Currency
transaction as according to decree of Indonesia Bank Number: 25/67/
KEP/DIR dated 30 November 1992.
ADDRESS
Jl. Ir. H Juanda III/7-9
Jakarta Pusat
Phone : (021) 231-2623, 231-3102, 231-4567
Fax : (021) 231-2893, 351-7660
FINANCIAL HIGHLIGHT
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
286,591
260,273
Placements with Other Banks
911,210 1,829,104
Marketable Securities
5,101,128 3,504,876
Loans
3,526,275 4,756,490
Investments
917
917
Fixed Assets
175,267
173,613
Other Assets
62,196
97,856
Total Assets
11,186,893 11,838,239
Deposits
8,953,678 9,381,780
Taxes Payables
21,103
49,488
Fund Borrowings
67,460
66,446
Other Liabilities
114,365
139,256
Total Liabilities
10,463,049 11,090,931
Minority Interests
Authorized Capital
1,000,000 1,500,000
Paid up Capital
553,917
600,325
1
1
Paid up Capital (Shares)
1,000,000 1,000,000
Par Value
Retained Earnings
122,666
146,983
Total Equity
723,844
747,308
Change %
-9.18
100.73
-31.29
34.89
-0.94
57.34
5.82
4.78
134.50
-1.50
21.76
6.00
N/A
50.00
8.38
8.38
19.82
3.24
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
76
Million Rp except Par Value
1,194,935
674,600
92,179
384,567
145,370
-23,405
121,965
51,372
70,592
1,236,182
564,324
15,908
472,040
158,766
-8,268
150,498
78,108
72,391
3.45
-16.35
-82.74
22.75
9.22
64.67
23.39
52.04
N/A
2.55
14.45
0.63
5.91
12.17
14.84
0.61
5.86
12.84
2.67
-3.09
-0.87
5.57
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BDKI04
1.
2.
700,000
IV Tahun 2004
BDKI05B
425,000
V Tahun 2008
BDKI05A
3.
Outstanding
(Rp Million)
Subordinasi I Tahun 2008
325,000
Listing
Date
18-Jun-04
05-Mar-08
05-Mar-08
Maturity
Date
17-Jun-09
04-Mar-13
04-Mar-18
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.50%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
idA-
5 Years
Fixed: 11.25%
04-Jun-08
04-Sep-08
04-Dec-08
04-Mar-09
idA-
10 Years
Year 1-5: Fixed: 12.25% & Year 610: 22.25%
04-Jun-08
04-Sep-08
04-Dec-08
04-Mar-09
idBBB+
5 Years
TRADING HIGHLIGHT
BDKI04
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
9.991 10.359 10.053
29-Mar 26-Jun 28-Sep
10.249 10.359 30.956
9.975
9.947
9.937
1
10.019
10.094
9.981
WA
391.97 269.52 389.33
Volume2
224.0% 154.0% 222.5%
Turnover3
Modified Duration (Yrs): 2.782
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
9.940
9.937 10.347
13-Dec 14-Mar 27-Jun
10.139 10.245 10.347
9.895 10.052
9.801
9.946
9.937 10.171
119.05 467.39 380.32
68.0% 267.1% 217.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BDKI05A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
8.608
22-Feb
8.611
8.591
8.605
42.04
39.6%
8.540
19-Jun
9.624
8.526
8.526
61.52
57.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
77
BDKI05B
Trading Volume
(Rp Billion)
15.0
12.5
12.0
10.0
9.0
7.5
6.0
5.0
3.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.117
22-Feb
9.117
9.117
9.117
6.00
7.4%
9.033
27-Apr
9.140
9.033
9.140
14.72
18.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDKI04
Low
9.801
High
Weighted Avg.
Executed
Yield (%)
30.956
9.946
TOTAL
% of Total
Turnover
Ratio
(%)
1,170
2.25
167.12%
1,170
2.25
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
2.782
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BDKI04
Q3-2007
392
120
240
360
Outstanding
389
700
-
Q4-2007
270
Outstanding
78
Q2-2007
119
-480
600
720
840
960
1,080
1,200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
79
BDMN BANK DANAMON INDONESIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Bank Danamon, Jl. Prof. DR. Satrio Kav. E4/6
Mega Kuningan, Jakarta - 12940
Phone : (021) 5799-1001 - 03 (H)
Fax : (021) 5799-1056, 5799-1160/61
idAA+
Bank
http://www.danamon.co.id/
Dini Herdini
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Established in 1956, PT Bank Danamon Indonesia Tbk (Danamon) is
the second largest private national bank and the fifth largest commercial
bank in Indonesia, with a 5% share of the domestic system loans and
deposits. Danamon has the widest geographic distribution network of
all Indonesian banks with 1,101 branch offices, 718 ATMs and is wellsupported by more than 38,959 employees. Danamon is recognized as
Indonesia’s leading SME and consumer bank and also serves corporate
and institutional customers across Indonesia.
Presently, Asia Financial Indonesia Pte. Ltd (AFI) owns 68.05% of
Danamon shares. The holders of the AFI shares are Temasek Holdings
(Pte) Ltd. and Deutsche Bank AG. Temasek Holdings is theSingapore
investment holding company with many renowned companies in
Singapore as its subsidiary companies. Some of them are Singapore
Airlines and DBS Bank, one of the biggest financial services assembling
in Asia. Another 31.95% of Danamon’s shares are owned by the public
owned.
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Million Rp except Par Value
Dec-2006
832,583
4,986,250
6,012,055
39,746,644
12,052
1,574,536
2,696,414
82,072,687
58,963,510
167,039
1,028,329
2,033,480
72,385,809
244,951
10,000,000
3,581,679
4,946
Dec-2007
1,237,518
4,959,485
4,110,753
49,858,293
12,053
1,538,878
3,665,715
89,409,827
62,413,009
184,687
1,510,124
2,782,714
78,239,344
337,038
10,000,000
3,625,336
5,033
Change %
48.64
-0.54
-31.62
25.44
0.01
-2.26
35.95
8.94
5.85
10.57
46.85
36.84
8.09
37.59
1.22
1.77
26.92
14.74
50,000 & 500 50,000 & 500
5,196,109 6,595,065
9,441,927 10,833,445
INCOME STATEMENTS
Total Interest Income
11,684,007 13,471,200
5,690,278 5,662,297
Interest Expenses
Other Operating Income
1,107,961 1,030,382
Other Operating Expenses 4,694,451 5,406,846
Income from Operations
2,548,963 3,603,760
Non-Operating Income
-445,722
-290,235
Income Before Tax
2,103,241 3,313,525
Provision for Income Tax
652,328 1,043,549
-125,581
-153,061
Minority Interests
Net Income
1,325,332 2,116,915
15.30
-0.49
-7.00
15.18
41.38
34.88
57.54
59.97
-21.88
59.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
-5.80
46.62
38.54
22.62
7.67
1.61
11.34
21.82
7.22
2.37
15.71
26.75
AS OF JUNE 2008
No.
1.
2.
80
Code
BDMN01A
BDMN01B
Series Name
I Tahun 2007 Seri A
I Tahun 2007 Seri B
Outstanding
(Rp Million)
250,000
1,250,000
Listing
Date
20-Apr-07
20-Apr-07
Maturity
Date
19-Apr-10
19-Apr-12
Issue
Term
3 Years
5 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 9.40%
19-Jul-07
19-Oct-07
19-Jan-08
19-Apr-08
idAA+
Fixed: 10.60%
19-Jul-07
19-Oct-07
19-Jan-08
19-Apr-08
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BDMN01A
Trading Volume
(Rp Billion)
450
12.5
360
10.0
270
7.5
180
5.0
90
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 4.912
-
Last
Date
High
Low
Q4
-
-
-
Q1
Q2
7.703
7.705
09-Oct 29-Feb
7.703
7.705
7.703
7.705
7.703
7.705
10.01 400.00
16.0% 640.0%
8.082
30-Jun
8.131
8.085
8.108
2.30
3.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BDMN01B
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.395
8.297
14-Mar 29-Jun
8.372
8.398
8.395
8.266
8.285
8.397
WA1
33.01 194.33
Volume2
10.6% 62.2%
Turnover3
Modified Duration (Yrs): 8.317
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.294
14-Sep
8.401
8.201
8.316
196.09
62.8%
8.349
07-Dec
8.355
8.323
8.346
142.18
45.5%
8.354
31-Mar
8.375
8.331
8.355
119.56
38.3%
8.846
30-Jun
8.846
8.284
8.353
191.07
61.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDMN01A
2.
BDMN01B
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.02
4.00%
4.912
566
1.09
45.25%
8.317
576
1.11
TRADING VOLUME
(Billion Rp)
7.703
7.703
7.703
10
8.201
8.401
8.346
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BDMN01A Outstanding
250
BDMN01B 33
--
194
196
142
--
1,250
Outstanding
-
130
260
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
390
520
650
780
910
1,040
1,170
1,300
81
BDSS BANK SUMSEL (BPD SUMATERA SELATAN)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kapten A. Rivai No. 21
Palembang 30129
Phone : (0711) 350-494, 351-867
Fax : (0711) 377-620
idABank
http://www.banksumsel.com
Nelson Wijaya
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Sumsel had been licensed as Regional Development Bank on
February 27, 1963 and domiciled in Palembang, South Sumatera. The
Company had been known as BPD Sumsel. In 1993, The Company had
been licensed as a General Bank.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
146,675
2,354,960
1,604,442
1,831,772
111,010
76,703
6,838,309
5,466,141
6,061
41,792
23,555
6,452,887
600,000
237,392
0.24
1,000,000
46,751
385,422
Dec-2007
130,981
467,528
2,905,032
2,503,878
124,045
102,965
7,443,451
5,874,563
5,997
41,145
30,592
6,947,458
600,000
286,429
0.29
1,000,000
69,844
495,993
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
733,453
308,311
12,696
262,038
88,818
-13,351
75,468
28,716
46,751
783,743
353,580
17,167
286,212
132,140
-21,924
110,216
40,371
69,844
6.86
14.68
35.22
9.23
48.78
-64.22
46.04
40.59
N/A
49.40
16.74
0.68
6.37
12.11
14.01
0.94
8.91
16.86
-16.34
37.25
39.81
39.23
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
-10.70
-80.15
81.06
36.69
N/A
11.74
34.24
8.85
7.47
-1.06
-1.55
29.87
7.66
N/A
20.66
20.66
49.40
28.7
AS OF JUNE 2008
No.
1.
82
Code
BDSS01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
97,500
Listing
Date
16-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.375 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BDSS01XXBFTW
Trading Volume
(Rp Billion)
62.5
12.5
50.0
10.0
37.5
7.5
25.0
5.0
12.5
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
Q4
10.977 10.825 10.792 10.911
26-Feb 31-May 28-Sep 18-Dec
11.048 11.093 10.869 10.943
10.977 10.825 10.730 10.836
10.989 11.093 10.775 10.836
WA1
8.29
5.12
59.66
27.79
Volume2
34.0% 21.0% 244.7% 114.0%
Turnover3
Modified Duration (Yrs): 4.652
Last
Date
High
Low
Q1
Q2
10.486
08-Jan
10.486
10.435
10.463
3.07
12.6%
3.395
12-Jun
3.447
3.395
3.395
4.03
16.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BDSS01XXBFTW
Low
High
10.730
11.093
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
101
0.19
103.43%
101
0.19
TRADING VOLUME
(Billion Rp)
10.836
TOTAL
Modified
Duration (Yrs)
End of Year
4.652
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
8
BDSS01XXBFTW
Q2-2007
Q3-2007
5
Outstanding
60
28
98
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
30
40
50
-60
70
80
90
100
110
83
BETA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BETA INTI MULTIFINANCE
:
:
:
:
:
ADDRESS
Plaza Kebon Jeruk Blok B. No. 6-7
Jl. Kedoya Raya (Perjuangan) Jakarta - 11530
Phone : (021) 530-9331, 532-4309
Fax : (021) 536-3549
Baa3.id
Financial Institution
http://www.betainti.com
Helen Widjaja
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
16,589
832
2,826
1,200
-82.97
44.24
38,757
40,509
4.52
248
176
183
103,200
803
78,014
25
25,000
10,000
10
1,000
15,186
25,186
17
105
475
107,820
695
78,456
25
25,000
10,000
10
1,000
19,365
29,365
-92.96
-40.22
159.45
4.48
N/A
-13.45
0.57
27.51
16.59
24,090
18,577
5,512
22,438
16,551
5,887
-6.86
-10.91
N/A
6.79
Net Tax
Net Income
1,363
4,149
1,708
4,178
25.30
0.71
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
3.10
4.02
17.22
22.88
2.67
3.88
18.62
26.24
-13.74
-3.60
8.13
14.66
BALANCE SHEETS
Located in Jakarta, was established in May 3rd 1994 and originally
named PT Bumiraya Multifinance. The name was changed to PT
Centranusa Intimultifinance after a change of ownership in 2000. The
name was again change to PT Beta Intimultifinance, until now.
With paid up capital of Rp 10 billion and asset of Rp 107.8 billion at
the end of 2007, the company is the bigest medium size multifinance
company. The paid up capital was again raised to Rp 20 billion.
The company’s main business is consumption financing, capital
leasing and factoring. The types of assets including automotive, house,
machinary, commercial building etc. The loan is given through retail,
individually to consumer or through cooperation with companies or other.
The area of operation is all across Indonesia, but specially in Jakarta.
In 2004, the company raised capital through bond issuance with a
value of Rp 65 billion. The company’s bond is currently rated Baaa3.id
(Stable Outlook) by PT Moodys Indonesia. The Company was already
ammortizing 20% of its bond in February of 2007
In 2005, the company received an award from Info Bank megazine with
the very satisfactory notation for 2004 annual report performance. And
then sequentionally in 2006 and 2007, the company received award from
InfoBank megazine version rating.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Change %
AS OF JUNE 2008
No.
1.
84
Code
BETA01XXBFTW
Series Name
Amortisasi I Tahun 2004
Outstanding
(Rp Million)
39,000
Listing
Date
18-Feb-04
Maturity
Date
17-Feb-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.50%
17-Feb-07
17-May-07
17-Aug-07
17-Nov-07
Rating
Baa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BETA01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
9.301
9.287
29-Mar 26-Jun
9.339
9.301
9.287
9.249
9.287
9.249
WA1
40.95
35.10
Volume2
315.0% 270.0%
Turnover3
Modified Duration (Yrs): 7.912
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.299
23-Aug
9.299
9.299
9.299
8.00
61.5%
9.275
13-Dec
9.275
9.275
9.275
2.00
15.4%
9.247
30-Jan
9.247
9.247
9.247
2.00
20.5%
9.006
22-Apr
9.006
9.006
9.006
1.24
12.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BETA01XXBFTW
Low
High
9.249
Weighted Avg.
Executed
Yield (%)
% of Total
86
0.17
165.48%
86
0.17
(Billion Rp)
9.275
9.339
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.912
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BETA01XXBFTW
Q2-2007
Q4-2007
41
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
35
52
Outstanding
I N D O N E S I A
Q3-2007
8
2
-30
40
50
60
70
80
90
100
85
BEXI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK EKSPOR INDONESIA (PERSERO)
:
:
:
:
:
idABank
http://www.bexi.co.id
Tri Utami R. Nugroho
Bank Mandiri (Persero) Tbk
PROFILE
The Indonesian government established Bank Ekspor Indonesia (BEXI)
in 1999 with a paid-in capital of IDR3 trillion through Government
Regulation (Peraturan Pemerintah) No. 37/99. Its primary objective is to
provide financing, guarantees, consultation and other supporting services
for export-oriented industries and the banking sector. The Company has
one head office in Jakarta and two marketing offices in Surabaya and
Medan. As of March 31, 2002, outstanding loans and guarantee portfolio
was IDR6.4 trillion. The Company is wholly-owned by the Government of
Indonesia through Ministry of Finance, while the supervisory was under
Ministry of BUMN for operation and Central Bank for bank regulation.
ADDRESS
Indonesia Stock Exchange Building, Tower II 8th Fl.
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-4638
Fax : (021) 515-4639
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
86
Million Rp except Par Value
Dec-2006 Dec-2007
357
230
761,340 1,134,793
1,422,738 2,583,126
5,797,750 6,258,052
4,754
4,916
54,480
43,045
8,804,579 10,292,037
833,825 1,233,277
14,134
25,488
2,197,334 3,397,629
70,500
78,126
4,811,017 6,125,953
3,000,000 3,000,000
3,000,000 3,000,000
3
3
1,000,000 1,000,000
993,562 1,166,084
3,993,562 4,166,084
Change %
-35.57
49.05
81.56
7.94
N/A
3.41
-20.99
16.89
47.91
80.33
54.63
10.82
27.33
N/A
17.36
4.32
839,392
337,094
18,364
86,433
359,895
730
360,624
114,209
246,222
924,724
437,775
16,074
104,261
404,901
705
405,606
127,208
278,398
10.17
29.87
-12.47
20.63
12.51
-3.42
12.47
11.38
N/A
13.07
1.20
2.80
29.33
42.88
1.47
2.70
30.11
43.79
22.06
-3.27
2.63
2.12
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
BEXI01XXBFTW
1.
BEXI03A
3.
150,000
III Tahun 2006 Seri B
BEXI03C
5.
200,000
III Tahun 2006 Seri A
BEXI03B
4.
295,000
I Tahun 2003
II Tahun 2005 Seri B
BEXI02B
2.
Outstanding
(Rp Million)
200,000
150,000
III Tahun 2006 Seri C
Listing
Date
09-Jul-03
20-Jun-05
29-Sep-06
29-Sep-06
29-Sep-06
Maturity
Date
08-Jul-08
17-Jun-10
28-Sep-09
28-Sep-10
28-Sep-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
3 Years
4 Years
5 Years
Rating
Fixed: 13.00%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 12.50%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
idA-
Fixed: 12.50%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
Fixed: 12.70%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
Fixed: 12.80%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
idA-
TRADING HIGHLIGHT
BEXI01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.717
15-Mar
12.648
10.705
10.705
WA1
44.06
Volume2
59.7%
Turnover3
Modified Duration (Yrs): 5.239
Last
Date
High
Low
Q4
Q3
-
10.524
27-Sep
11.870
10.456
10.493
177.84
241.1%
Q1
10.719 10.454
13-Dec 28-Mar
10.797 10.475
10.617 10.231
10.619 10.454
47.26
78.94
64.1% 107.0%
Q2
3.197
05-Jun
3.211
2.961
3.072
52.76
71.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q3
Q2
9.874
05-Mar
9.922
9.874
9.902
WA1
32.43
Volume2
64.9%
Turnover3
Modified Duration (Yrs): 7.255
Last
Date
High
Low
Q1-Q2 2008
-
-
-
-
-
Q4
Q1
Q2
9.820
09-Nov
9.820
9.820
9.820
8.99
18.0%
9.700
25-Mar
10.021
9.700
9.701
35.91
71.8%
10.279
02-Jun
10.299
10.279
10.289
2.02
4.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
87
BEXI03A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.479 11.539
08-Mar 22-Jun
11.479 11.539
11.296 11.419
1
11.479 11.463
WA
155.88
18.92
Volume2
415.7% 50.5%
Turnover3
Modified Duration (Yrs): 8.625
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
11.608
07-Sep
11.618
11.508
11.603
17.73
47.3%
11.336
30-Oct
11.402
11.336
11.387
12.55
33.5%
Q2
-
12.043
10-Jun
12.043
11.691
12.043
23.50
62.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI03B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.682 11.459
05-Mar 28-Jun
11.703 11.683
11.419 11.424
11.551 11.601
WA1
71.29
70.29
Volume2
142.6% 140.6%
Turnover3
Modified Duration (Yrs): 4.308
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.625
11-Sep
11.899
11.625
11.625
4.18
8.4%
12.028
14-Dec
12.028
11.336
11.374
45.42
90.8%
11.551 11.695
28-Mar 26-Jun
11.551 12.152
11.389 11.583
11.551 12.137
27.53
59.90
55.1% 119.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BEXI03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.318 11.613
22-Mar 06-Jun
11.646 11.613
11.299 11.383
11.402 11.498
WA1
87.66
18.30
Volume2
233.8% 48.8%
Turnover3
Modified Duration (Yrs): 2.434
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
11.564
26-Sep
11.567
11.403
11.566
19.41
51.8%
-
Q1
Q2
11.649
26-Mar
11.771
11.282
11.649
21.37
57.0%
11.933
10-Jun
12.330
11.933
12.269
28.17
75.1%
1
-
-
Q1-07
88
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
10.456
12.648
% of Total
Turnover
Ratio
(%)
0.52
91.24%
5.239
0.08
20.71%
7.255
0.40
136.72%
8.625
0.37
95.59%
4.308
0.24
83.58%
2.434
TRADING VOLUME
No.
Code
1.
BEXI01XXBFTW
(Billion Rp)
2.
BEXI02B
9.820
9.922
9.820
41
3.
BEXI03A
11.296
11.618
11.387
205
4.
BEXI03B
11.336
12.028
11.374
191
5.
BEXI03C
11.299
11.646
11.566
125
832
1.60
10.619
269
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
44
BEXI01XXBFTW
Q2-2007
Q3-2007
-
Outstanding
178
47
295
Outstanding
32
BEXI02B
--
- 9
200
Outstanding
--
156
BEXI03A
19
150
Outstanding
18
70
45
200
Outstanding
18
88
BEXI03C
--
19 -
150
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
13
--
71
BEXI03B
I N D O N E S I A
Q4-2007
-90
120
150
180
210
240
270
300
89
BFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BFI FINANCE INDONESIA TBK
:
:
:
:
:
ADDRESS
Menara Kebon Sirih, 25th Fl. Jl. Kebon Sirih No. 17 - 19
Jakarta - 10340
Phone : (021) 391-0110, 392-0061, 392-0091
Fax : (021) 391-2005, 392-0607
Baa1.id
Financial Institution
http://www.bfi.co.id
Cornellius Henry
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Following the Asian financial crisis in 1998, BFI became one of a small
number of companies that successfully managed to restructure its debts
early and without government’s assistance in 2001.
Currently BFI is majority owned by foreign shareholders that are leading
institutional funds.
After the debt restructuring, BFI shifted its concentration to car financing
and leasing. At the same time it shifted its focus to resources-rich
Sumatera and Borneo. As of August 2008, BFI has 64 branches spread
out across Indonesia.
BFI is licensed to operate as a finance company from the Ministry of
Finance, and currently engages in leasing and consumer financing
activities.
BFI is a major player in the heavy equipment leasing and automotive
financing industry in Indonesia. Its receivable portfolio is well diversified
across geography, brands and vehicles type. Almost 74% of BFI business
is in used cars, 14% in new cars and 12% in heavy equipment.
BFI was awarded the “Best Multi-Finance Company” since 2006 to 2008
by Infobank Magazine and Investor Magazine which assigned weightage
and rankings to these companies based on criteria including net profit,
equity, assets and liabilities.
Change %
Dec-2006
Dec-2007
83,646
-
108,687
-
29.94
N/A
1,007,762
1,876,609
86.22
33,120
31,518
1,426,625
298,944
6,775
374,623
1,000
500,000
380,170
760
500
313,926
1,052,002
39,934
110,902
2,523,979
990,518
41,216
1,320,689
1,000
500,000
380,170
760
500
465,214
1,203,290
N/A
20.57
251.87
76.92
231.34
508.31
252.54
48.19
14.38
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
381,060
177,344
203,717
570,434
291,834
278,601
49.70
64.56
N/A
36.76
Net Tax
Net Income
44,547
162,960
82,222
200,170
84.57
22.83
0.36
11.42
42.76
53.46
1.10
7.93
35.09
48.84
208.21
-30.57
-17.94
-8.64
BALANCE SHEETS
Founded in 1982, as a joint venture with Manufacturer Hanover of the
USA, BFI Finance Indonesia is one of the oldest finance companies in
Indonesia. Since 1990, BFI is listed on the Indonesia Stock Exchange.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
90
Code
BFIN02
Series Name
Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
20-Aug-07
Maturity
Date
16-Aug-09
Issue
Term
2 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.50%
16-Nov-07
16-Feb-08
16-May-08
16-Aug-08
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BFIN02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
8.708
N/A 27-Sep
N/A
N/A
N/A
8.715
N/A
N/A
8.698
N/A
N/A
8.707
WA1
N/A
N/A 120.71
Volume2
N/A
N/A 241.4%
Turnover3
Modified Duration (Yrs): 8.311
Last
Date
High
Low
Q4
Q1
Q2
8.700
19-Dec
8.701
8.687
8.693
23.97
47.9%
8.684
14-Mar
8.697
8.684
8.684
20.68
41.4%
8.691
13-Jun
8.703
8.687
8.697
33.85
67.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BFIN02
Low
High
8.687
% of Total
145
0.28
72.34%
145
0.28
(Billion Rp)
8.693
8.715
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.311
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BFIN02 -
Q2-2007
Q3-2007
Q4-2007
121
Outstanding
24
200
Outstanding
-
20
40
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
80
100
-120
140
160
180
200
220
91
BFNC BHAKTI FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Bhakti Finance Building
Jl. Abdul Muis No. 36, Jakarta - 10160
Phone : (021) 385-8080
Fax : (021) 384-8431
Baa2.id
Financial Institution
Purnadi Harjono
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
This company was established in Jakarta as PT Citra International
Finance and Investment Corporation” with act no. 64, November 14,
1989 made by Maria Lidwina Indriani Soepojo, SH. Notary in Jakarta.
This establishing act has received admittance from Indonesian ministry
of law
The name of PT Citra International Finance and Investment Corporation
was changed into PT Bhakti Finance based on act no. 48, November
10, 2003. made by Aulia Taufani, SH. Subtitute Notary of Sutjipto, SH.,
Notary in Jakarta and has received admittance from Indonesian ministry
of Law.
Presently, PT Bhakti Capital Indonesia, Tbk. owns 99,9% shares of the
company, while the remaining shares was held by Employee Cooperative
of PT Bhakti Investama, Tbk.. The company has no subsidiary.
The company’s headquarter and operational office was located in Bhakti
Finance Building, jalan Abdul Muis, no.36 C-F, Jakarta 10160 up to now.
At present, the company has 42 branch offices located in Jabotabek,
Java and Sumatera.
Main operation of the company centers around consumer financing,
leasing and factoring, by focusing more on motorcycles, be it Japanmade or otherwise, electronic goods, computer, home appliances and
some others.
Company has an integrated brand communication program under the
“Bang Kredit” as mascot.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
4,609
8
12,498
42
171.18
442.10
123,798
261,853
111.52
2,846
11,546
2,874
204,908
18,950
1,389
124,428
0.3
280,000
70,000
0.1
1,000,000
10,479
80,479
4,972
11,739
3,376
367,057
114,129
3,439
278,086
0.3
280,000
70,000
0.1
1,000,000
18,971
88,971
74.68
1.67
17.47
79.13
502.27
147.50
123.49
81.03
10.55
56,557
53,685
2,873
92,389
80,045
12,343
63.35
49.10
N/A
329.67
833
2,039
3,852
8,492
362.23
316.37
1.55
1.00
3.61
5.08
3.13
2.31
9.19
13.36
102.16
132.43
154.89
163.03
AS OF JUNE 2008
No.
1.
92
Code
BFNC02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
150,000
Listing
Date
04-Dec-07
Maturity
Date
03-Dec-10
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
03-Mar-08
03-Jun-08
03-Sep-08
03-Dec-08
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BFNC02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.558
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
Q2
9.304
19-Dec
9.304
9.304
9.304
35.00
93.3%
9.295
03-Mar
9.297
9.295
9.295
2.00
5.3%
9.358
12-Jun
9.481
9.238
9.238
12.56
33.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BFNC02
Low
High
9.304
% of Total
35
0.07
23.33%
35
0.07
(Billion Rp)
9.304
9.304
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.558
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BFNC02 -
Q2-2007
Q3-2007
Q4-2007
Outstanding
35
150
Outstanding
-
15
30
45
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
60
75
-90
105
120
135
150
165
93
BJBR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK JABAR BANTEN
:
:
:
:
:
ADDRESS
Jl. Naripan No. 12-14
Bandung
Phone : (022) 423-4868
Fax : (022) 421-4838, 420-2995
idA
Bank
http://www.bankjabar.co.id
Suhirman
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
The Company was founded in Bandung under the name of “PT Bank
Karja Pembangunan Daerah Djawa Barat”. This establishment was
based on the Decree of Governor of Regional Government of West
Java Province No. 7/GKDH/BPD/61 dated 20 May 1961 regarding The
Regional Company Establishment of PT Bank Karja Pembangunan
Daerah Djawa Barat as a result of the nationalization of Dutch company
N.V. Denis (De Eerste Nederlandsch Indische Shareholding). In 1962,
the legal form of the Company has been changed from the Limited
Liability Company Bank Karja Pembangunan Daerah Djawa Barat to
Djawa Barat Regional Development Bank
In 1992, based on the Decree of Bank of Indonesia No. 25/84/KEP/DIR
dated 2 November 1992 status of the Company has been promoted
to become Commercial Foreign Exchange Bank and according to the
permit of Bank of Indonesia No. 2/18/DpG/DPIP dated 12 April 2000,
commencing 15 April 2000, the Company became the first of Regional
Development Bank in Indonesia to use the dual banking system, both
Conventional and Sharia Systems.
In 1998, legal form of the Company has been changed to the Limited
Liability Company based on the Provincial Regulation of West Java
Province No. 22 Year 1998 dated 14 December 1998 regarding the
Change of Legal Form of Bank Pembangunan Daerah Jawa Barat
from Regional Company to the Limited Liability Company (PT) Bank
Pembangunan Daerah Jawa Barat. This transformation was further
regulated in Article of Association of the Company as stated in the Deed
of Establishment of PT Bank Pembangunan Daerah Jawa Barat No. 4
dated 8 April 1999 jo. Deed of Revision No. 8 dated 15 April 1999, both
executed before Ny. Popy Kuntari Sutresna, SH., notary in Bandung.
The articles of association of the Company has been amended as
stated in the Deed of the Extraordinary General Shareholder’s Meeting
PT Bank Jabar No. 2 dated 3 July 2007 jo. Deed of Amendment No. 9
dated 27 August 2007, both executed before Ny. Popy Kuntari Sutresna,
SH., MH., notary in Bandung, which amending name of the Company
became “PT Bank Pembangunan Daerah Jawa Barat and Banten” or “
Bank Jabar Banten”.
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
672,645
1,915,422
4,690,022
11,606,721
4,930
438,261
212,519
21,290,573
16,336,444
77,302
76,476
384,332
19,436,531
4,000,000
1,073,034
107
10,000
589,567
1,854,042
Dec-2007
1,049,539
3,528,648
2,892,623
12,809,919
6,412
456,369
266,801
23,122,845
18,167,138
47,057
60,695
432,475
20,887,240
4,000,000
1,264,475
126
10,000
740,007
2,235,605
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
2,384,432
1,289,443
196,570
787,264
504,295
-1,958
502,337
201,267
301,070
2,459,590
1,238,026
219,749
881,941
559,372
1,302
560,674
184,431
376,243
3.15
-3.99
11.79
12.03
10.92
N/A
11.61
-8.37
N/A
24.97
10.48
1.41
12.63
21.15
9.34
1.63
15.30
22.74
-10.88
15.07
21.15
7.53
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
56.03
84.22
-38.32
10.37
30.06
4.13
25.54
8.61
11.21
-39.13
-20.64
12.53
7.46
N/A
17.84
17.84
25.52
20.58
AS OF JUNE 2008
No.
1.
2.
94
Code
BJBR04B
BJBR05
Series Name
IV Tahun 2004 Seri B
V Tahun 2006
Outstanding
(Rp Million)
690,000
1,000,000
Listing
Date
06-Oct-04
11-Dec-06
Maturity
Date
05-Oct-09
08-Dec-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 12.50%
05-Jan-07
05-Apr-07
05-Jul-07
05-Oct-07
idA
Fixed: 11.25%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BJBR04B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
11.302 10.639
27-Mar 08-Jun
11.302 11.625
10.795 10.609
1
10.812 10.626
WA
140.40
50.84
Volume2
81.4% 29.5%
Turnover3
Modified Duration (Yrs): 5.273
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.043
06-Sep
11.075
10.648
10.662
62.27
36.1%
11.302
14-Dec
11.302
10.843
10.850
17.47
10.1%
11.231
19-Mar
11.231
10.952
11.231
50.07
29.0%
11.015
27-Jun
11.042
10.705
10.881
49.19
28.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BJBR05
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.646
8.631
23-Mar 27-Jun
8.814
8.871
8.607
8.631
8.814
8.871
WA1
154.35
73.62
Volume2
61.7% 29.4%
Turnover3
Modified Duration (Yrs): 9.662
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.694
24-Sep
8.871
8.577
8.640
205.23
82.1%
8.583
19-Dec
8.814
8.577
8.598
155.32
62.1%
8.736
28-Mar
8.879
8.601
8.738
74.73
29.9%
8.871
29-Apr
8.871
8.871
8.871
6.00
2.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BJBR04B
2.
BJBR05
Low
High
10.609
11.625
10.850
8.577
8.871
8.598
% of Total
Turnover
Ratio
(%)
0.52
39.27%
5.273
589
1.13
58.85%
9.662
859
1.66
TRADING VOLUME
(Billion Rp)
271
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
140
BJBR04B
51
Q2-2007
Q3-2007
Q4-2007
62 17
690
Outstanding
154
BJBR05
Outstanding
74
--
205
155
1,000
Outstanding
-
100
200
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
400
500
-600
700
800
900
1,000
1,100
95
BJTM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK JATIM (BPD JAWA TIMUR)
:
:
:
:
:
ADDRESS
Jl. Basuki Rakhmad No. 98 - 104
Surabaya 60271
Phone : (031) 531-0090, 531-0099
Fax : (031) 531-1056, 531-1054
idABank
http://www.bankjatim.net.id
Murlan Hadie
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Jatim (Bank Pembangunan Daerah Jawa Timur) was founded
in 17 August 1961 in Surabaya, based on National Deed No. 91 dated
17 August 1961. Furthermore, based on regulation No. 13 dated 1962
about the main rule of Regional Development Bank and regulation No. 14
dated 1967 about banking rules, completion is undertaken by Regional
Government of East Java regulation No. 2 dated 1976 to change the
company’s status from limited company to regional government owned
company (BUMD).
In 1990, Bank Jatim upgraded its status from commercial bank to foreign
exchange reserve bank, backed by Decrees of Bank Indonesia No.
23/28/KEP/DIR dated 2 August 2008.
Million Rp except Par Value
Dec-2006 Dec-2007
BALANCE SHEETS
Cash on Hand
946,944 1,204,338
Placements with Other Banks 2,498,088 2,156,308
Marketable Securities
4,568,848 4,101,008
Loans
4,542,304 5,430,616
Investments
Fixed Assets
76,082
69,132
Other Assets
7,227
5,446
Total Assets
14,170,573 15,735,812
Deposits
12,095,160 13,292,880
Taxes Payables
58,318
41,681
Fund Borrowings
86,523
114,813
Other Liabilities
37,257
92,714
Total Liabilities
12,916,228 14,174,713
Minority Interests
Authorized Capital
750,000 2,000,000
Paid up Capital
532,166
664,410
Paid up Capital (Shares)
0.53
0.66
Par Value
1,000,000 1,000,000
Retained Earnings
381,593
403,466
1,254,345 1,561,099
Total Equity
Change %
27.18
-13.68
-10.24
19.56
N/A
-9.13
-24.64
11.05
9.90
-28.53
32.70
148.85
9.74
N/A
166.67
24.85
24.85
5.73
24.46
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,753,645
652,757
69,181
543,707
557,181
-423
556,758
175,165
381,593
1,739,271
714,284
66,325
450,726
574,261
9,548
583,809
180,343
403,466
-0.82
9.43
-4.13
-17.10
3.07
N/A
4.86
2.96
N/A
5.73
10.30
2.69
21.76
31.77
9.08
2.56
23.20
33.02
-11.82
-4.79
6.61
3.92
AS OF JUNE 2008
No.
1.
96
Code
BJTM03XXBFTW
Series Name
III Tahun 2003
Outstanding
(Rp Million)
280,000
Listing
Date
14-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.45 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BJTM03XXBFTW
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
Q4
10.482 10.350 10.310
27-Mar 14-Jun 27-Sep
10.574 10.350 10.368
10.431 10.318 10.278
10.497 10.318 10.335
WA1
33.15
8.31 165.47
Volume2
47.4% 11.9% 236.4%
Turnover3
Modified Duration (Yrs): 5.317
Q1
Q2
10.438 10.075
14-Dec 18-Mar
10.448 10.187
9.983
10.350
9.992
10.354
26.19 110.88
37.4% 158.4%
Last
Date
High
Low
3.053
03-Jun
3.390
3.053
3.053
48.57
69.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BJTM03XXBFTW
Low
High
10.278
10.574
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
233
0.45
83.26%
233
0.45
TRADING VOLUME
(Billion Rp)
10.354
TOTAL
Modified
Duration (Yrs)
End of Year
5.317
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
33
BJTM03XXBFTW
Q2-2007
8
Q3-2007
Outstanding
165
26
280
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
90
120
-150
180
210
240
270
300
97
BLAM BANK LAMPUNG (BPD LAMPUNG)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idBBB
Bank
http://www.banklampung.co.id
Ahmad Ben Bella
Bank Mandiri (Persero) Tbk
PROFILE
BANK LAMPUNG (PD. Bank Pembangunan Lampung) legally operated
on January 31, 1966. based on permition from Ministry of Central Bank
No. Kep. 66/ubs/1965 and district regulation no. 8/PERDA/II/DPRD/73
established to support economic development in all subject as one
source of district earning to enhance people’s wealth.
In April 1999, the Bank’s name and status were changed to Perseroan
Terbatas Bank Pembangunan Daerah Lampung (PT. Bank Lampung).
As of March 2006, Provincial Government of Lampung is the major
shareholder with 57.1% ownership, while the remaining is owned by
several Municipal Governments in Lampung (41.3%) and Koperasi
Karyawan (1.6%).
As developing economy and bank to improve capital and competition,
product expansion as well as giving a chance to the people to join as
shareholder by remain concerning on its function as general bank and
district cash holder.
PT Bank Lampung’s focus on relatively secure consumer loans,
expansion to Civil Servants (Pegawai Negeri Sipil) through “Kredit
Pantas” (Pinjaman Angsuran Terbatas) and Small Medium Enterprise,
which provides promising growths with relatively small risks.
With a continuing capital injection from shareholders, Bank’s total capital
improved to IDR 130.083 billion (fully paid) and IDR 250.000 billion
(authorized capital).
By December 2005, PT. Bank Lampung BPLP employs 540 staffs to
operate its 31 offices and 15 self-owned ATMs.
ADDRESS
Jl. Wolter Monginsidi No. 182
Bandar Lampung
Phone : (0721) 487175, 489127, 489572, 487175 Ext. 130
Fax : FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
56,421
560,358
4,950
1,043,493
550
15,883
3,691
1,858,543
1,525,356
21,409
50,708
1,723,506
150,000
84,300
8
10,000
33,335
135,037
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
236,162
97,197
13,252
86,884
47,834
2,187
50,021
16,765
33,256
239,657
96,584
14,365
88,842
55,205
2,469
57,674
20,166
37,508
1.48
-0.63
8.40
2.25
15.41
12.86
15.30
20.28
N/A
12.79
12.76
1.79
14.08
20.25
10.66
1.90
15.65
23.04
-16.49
6.44
11.14
13.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
98
Million Rp except Par Value
Dec-2007
Change %
53.50
86,608
-68.91
174,235
154,473 3,020.67
1,243,019
19.12
550
20,103
26.57
4,597
24.55
1,969,283
5.96
1,313,301
-13.90
N/A
21,707
1.39
45,545
-10.18
1,800,367
4.46
N/A
150,000
108,719
28.97
11
28.97
10,000
37,544
12.62
168,916
25.09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
I Tahun 2005 Seri A
BLAM01A
BLAM01B
2.
3.
45,000
I Tahun 2005 Seri B
BLAM02
Listing
Date
Outstanding
(Rp Million)
59,000
II Tahun 2007
300,000
14-Jul-05
14-Jul-05
12-Nov-07
Maturity
Date
13-Jul-08
13-Jul-10
09-Nov-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 Years
Rating
Fixed: 12.70%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idBBB
Fixed: 12.90%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idBBB
Fixed: 11.85%
09-Feb-08
09-May-08
09-Aug-08
09-Nov-08
idBBB
5 Years
TRADING HIGHLIGHT
BLAM01A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
Q3
-
-
WA1
2
Volume
Turnover3
Modified Duration (Yrs): 5.961
-
Q1-Q2 2008
Q4
9.716
14-Sep
9.726
9.716
9.723
4.63
41.1%
Q1
-
Q2
-
-
-
-
3.160
12-Jun
3.160
3.160
3.160
1.03
9.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
BLAM01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.685
- 16-May
9.717
9.685
9.701
WA1
10.54
Volume2
71.4%
Turnover3
Modified Duration (Yrs): 7.677
Last
Date
High
Low
-
Q3
Q1-Q2 2008
Q4
9.682 10.062
29-Aug 28-Nov
9.724 10.062
9.682
9.801
9.703
9.841
2.11
19.85
14.3% 134.6%
Q1
Q2
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
99
BLAM02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.624
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.350
8.248
28-Dec 13-Feb
8.390
8.403
8.290
8.248
8.403
8.306
33.94
97.99
45.2% 130.7%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
8.348
23-Jun
8.404
8.152
8.358
34.48
46.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
BLAM01A
9.716
9.726
9.723
5
0.01
10.28%
5.961
2.
BLAM01B
9.682
10.062
9.841
32
0.06
55.07%
7.677
3.
BLAM02
8.290
8.390
8.306
34
0.07
11.31%
7.624
71
0.14
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BLAM01A Outstanding
45
BLAM01B - 11
--
20
59
Outstanding
BLAM02 -
--
34
300
Outstanding
-
100
30
60
90
120
150
-180
210
240
270
300
330
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
101
BLTA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BERLIAN LAJU TANKER TBK
:
:
:
:
:
ADDRESS
Wisma BSG, 10th Fl., Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5488, 350-5390 ext. 1059
Fax : (021) 350-5391, 350-5488
idA+
Transportation
http://www.blt.co.id
Kevin Wong
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Berlian Laju Tanker Tbk. (the “Company”) was established in 1981
with the name of PT Bhaita Laju Tanker and started its business with
two oil tankers of 12,050 DWT in total tonnage. The Company legally
changed its name to PT. Berlian Laju Tanker in 1988 and has made rapid
progress until today (as of 1st March 2005) by operating 51 vessels with
total tonnage of 1,223,636 DWT, services bulk liquid transportation both
in domestic as well as international waters, covering the Southeast Asia,
Far East, South Asia and Middle East.
Due to the growth of petrochemical industries, the Company has taken
the opportunity to expand its business. In 1986, the Company diversified
its services into transporting other liquid cargoes such as chemicals,
liquefied petroleum gas (LPG), palm oil and molasses.
The Company is the first Indonesian shipping company that listed its
shares on the Jakarta Stock exchange in 1990. Currently, the Company
controls 100% shares in Indigo Pacific Corporation, Diamond Pacific
Corporation and Asean Maritime Corporation. By so doing, it has
strengthened its marketing base and global networks and also reduced
the marketing risks caused by the instability of domestic economy.
The Company keeps delivering its best services inspired by the motto
‘Delivers with Safety, Competitiveness and Timeliness’. Operating 47
owned tankers, 4 chartered-in vessels, and being supported by more
than 1,000 experienced and certified crews, the Company has become
one of the prominent providers of liquidse aborne transportation in Asia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
886,091
537,508
58,880
1,972,477
5,903,932
8,205,956
1,286,463
3,788,333
5,074,796
917,280
259,848
4,158
63
2,520,931
3,131,160
1,980,423
739,674
118,865
3,624,617
15,810,719
20,668,625
5,198,831
12,154,212
17,353,043
917,280
259,938
4,159
63
3,130,100
3,315,582
123.50
37.61
101.87
83.76
167.80
N/A
151.87
304.12
220.83
241.95
N/A
0.03
0.03
24.16
5.89
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,073,788
1,951,494
1,122,293
175,901
946,392
267,644
1,214,036
8,756
1,205,280
3,641,773
2,504,681
1,137,092
239,021
898,071
-129,989
768,082
9,100
758,982
18.48
28.35
1.32
35.88
-5.11
N/A
-36.73
3.93
N/A
-37.03
1.62
14.69
39.21
30.79
5.23
3.67
20.84
24.66
222.93
-75.00
-46.85
-19.91
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
102
Code
BLTA03
SIKBLTA01
Series Name
III Tahun 2007
Sukuk Ijarah Tahun 2007
Outstanding
(Rp Million)
700,000
200,000
Listing
Date
06-Jul-07
06-Jul-07
Maturity
Date
05-Jul-12
05-Jul-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 10.35%
05-Oct-07
05-Jan-08
05-Apr-08
05-Jul-08
idA+
Ijarah Fee
Rp20,600,000,000 p.a.
05-Oct-07
05-Jan-08
05-Apr-08
05-Jul-08
idA+ (sy)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BLTA03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
9.402
N/A
N/A 28-Sep
N/A
N/A
9.442
N/A
N/A
9.386
N/A
N/A
9.400
WA1
N/A
N/A 182.39
Volume2
N/A
N/A 104.2%
Turnover3
Modified Duration (Yrs): 9.328
Last
Date
High
Low
Q2
Q4
Q1
9.592
12-Nov
9.592
9.554
9.558
25.08
14.3%
9.570 10.140
28-Mar 14-May
9.592 10.187
9.563
9.417
9.442
9.571
20.05
72.09
11.5% 41.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKBLTA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 4.086
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.403
10-Sep
9.403
9.371
9.373
46.61
93.2%
9.551
27-Dec
9.594
9.316
9.551
15.01
30.0%
9.551
12-Mar
9.551
9.551
9.551
5.50
11.0%
9.400
26-Jun
9.423
9.400
9.423
5.20
10.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
BLTA03
9.386
9.592
9.558
207
0.40
29.64%
9.328
2.
SIKBLTA01
9.316
9.594
9.551
62
0.12
30.81%
4.086
269
0.52
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BLTA03 -
182
Q2-2007
Q3-2007
Q4-2007
Outstanding
25
700
Outstanding
SIKBLTA01 -
47
15
200
Outstanding
-
70
-140
210
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
S T O C K
E X C H A N G E
280
350
420
490
560
630
700
770
103
BNIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BNI SECURITIES
:
:
:
:
:
ADDRESS
Sudirman Plaza, Indofood Tower 16th Fl.
Jl. Jend. Sudirman Kav. 76-78, Jakarta
Phone : (021) 570-1205, 2554-3946
Fax : (021) 570-1203, 579-35828
idBBB+
Securities Company
http://www.bnisecurities.co.id
Ronny Hari A.
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT BNI Securities was established based on National Deed No. 22
dated 12 April 1995 which was changed by Notarial Deed No. 39 dated
3 May 1995. The company is a securities firm with activities comprising
of underwriting and brokerage, investment management and investment
advisory and other activities related to capital market regulation as
licensed according to Bappepam-LK decrees.
The Company is a subsidiary of PT BNI Tbk with share composition
ownership of 99.85% by December 2007, while the remaining of 0.15%
were owned by Employee Cooperation PT BNI Securities.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
59,931
9,000
117,257
208,835
9,000
141,496
248.46
20.67
66,058
154,226
36,334
5,250
3,070
488,195
78,928
145,957
209,958
145,161
47,421
5,460
1,013,230
200,107
120.95
36.14
299.52
803.29
77.84
107.55
153.53
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
69,059
2,148
165,059
200,000
100,000
100
1,000
223,136
323,136
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
69,554
45,927
23,626
5,975
29,601
-498
30,099
138,269
86,414
51,854
-23,531
28,323
1,770
26,553
98.79
88.16
119.48
N/A
-4.32
N/A
N/A
-11.78
0.51
6.17
43.28
33.97
2.06
2.62
19.20
37.50
302.37
-57.49
-55.62
10.40
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
39.47
96,319
27,783 1,193.19
312.94
681,601
N/A
200,000
100,000
100
1,000
3.81
231,629
2.63
331,629
AS OF JUNE 2008
No.
1.
104
Code
BNIS01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
300,000
Listing
Date
11-May-07
Maturity
Date
10-May-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.00%
10-Aug-07
10-Nov-07
10-Feb-08
10-May-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNIS01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
8.466
N/A
N/A 26-Jun
N/A
8.467
N/A
8.460
N/A
8.466
WA1
N/A
18.49
Volume2
N/A 24.6%
Turnover3
Modified Duration (Yrs): 8.854
Last
Date
High
Low
Q4
Q3
Q1
8.447
8.429
05-Sep 06-Dec
8.462
8.460
8.434
8.422
8.452
8.460
26.09 110.36
34.8% 147.1%
Q2
-
8.460
25-Jun
8.460
8.283
8.283
4.11
5.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNIS01
Low
High
8.422
% of Total
155
0.30
51.64%
155
0.30
(Billion Rp)
8.452
8.467
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.854
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BNIS01 -
18
Q2-2007
26
Q3-2007
Q4-2007
Outstanding
110
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
105
BNLI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK PERMATA TBK
:
:
:
:
:
ADDRESS
Permata Bank Tower I
Jl. Jend Sudirman Kav. 27, Jakarta - 12920
Phone : (021) 523-7899, 523-7999
Fax : (021) 523-7244, 523-7253
idA
Bank
http://www.permatabank.com
Sandy Tjipta Muliana
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Permata Tbk (formerly PT Bank Bali Tbk) (“The Bank”) was
establish in Indonesia on Descember 17, based on Notarial Deed No.
228 of Eliza Pondaang, S.H., substitute of Raden Mas Soerojo, S.H.,
notary in Jakarta.
The deed of establish was approved by the Ministry of Justice of the
Republic of Indonesia in its Decision letter No. J.A.5/2/2 dated January
4, 1995, registered in Jakarta Distris\ct Countr under No. 123 dated
January 15, 1955 and published in Supplement No. 292 to State Gazette
of the Republic of Indonesia No. 22 dated March 18, 1955
The Bank’s head office is located at Jalan Jendral Sudirman Kav. 27,
Jakarta
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
575,054
1,070,428
7,404,595
22,783,695
234
1,422,836
1,746,234
37,841,524
30,815,874
95,783
676,163
992,034
34,025,970
53,482
2,600,000
1,300,534
7,743
Dec-2007
702,666
311,713
6,586,022
25,289,060
84
1,328,510
1,624,835
39,298,423
31,076,396
177,190
709,263
1,501,596
35,336,070
59,677
2,600,000
1,300,534
7,743
-4,224,994 -3,725,969
3,762,072 3,902,676
Change %
22.19
-70.88
-11.05
11.00
-64.10
-6.63
-6.95
3.85
0.85
84.99
4.90
51.37
3.85
11.58
11.81
3.74
4,588,209
2,602,095
554,295
1,679,746
520,614
-65,445
455,169
136,719
-6,981
311,469
4,096,153
1,799,116
1,034,458
2,130,844
780,677
-43,879
736,798
227,886
-9,887
499,025
-10.72
-30.86
86.63
26.86
49.95
32.95
61.87
66.68
-41.63
60.22
9.04
0.82
6.79
11.35
9.05
1.27
12.18
19.06
0.11
54.28
79.46
67.97
12,500 & 125 12,500 & 125
AS OF JUNE 2008
No.
1.
106
Code
BNLI01
Series Name
Subordinasi I Tahun 2006
Outstanding
(Rp Million)
500,000
Listing
Date
15-Dec-06
Maturity
Date
14-Dec-16
Issue
Term
Coupon
Structure
10 Years
Coupon
Payment
Date
14-Mar-07
Year 1-5: 12.25%, Year 6- 14-Jun-07
10: 22.25%
14-Sep-07
14-Dec-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNLI01
Trading Volume
(Rp Billion)
625
12.5
500
10.0
375
7.5
250
5.0
125
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
9.553
9.626
9.675
23-Mar 27-Jun 25-Sep
9.791
9.897
9.699
9.584
9.619
9.508
9.757
9.684
9.575
WA1
594.34 386.48 160.66
Volume2
475.5% 309.2% 128.5%
Turnover3
Modified Duration (Yrs): 8.617
Last
Date
High
Low
Q4
Q1
Q2
9.541
17-Dec
9.665
9.541
9.595
84.97
68.0%
9.587
14-Mar
9.689
9.585
9.587
98.43
78.7%
9.709
26-Jun
9.897
9.586
9.709
88.05
70.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNLI01
Low
High
9.508
9.897
9.595
TOTAL
% of Total
Turnover
Ratio
(%)
1,226
2.36
245.29%
1,226
2.36
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.617
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
594
BNLI01
-
130
260
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Outstanding
386
500
Outstanding
Q4-2007
161
85
-390
520
650
780
910
1,040
1,170
1,300
107
BNTB BANK NTB (BPD NTB)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Pejanggik No. 30
Mataram - 83126
Phone : (0370) 636-331, 635-332
Fax : (0370) 623-527
Aa3.id
Bank
H.M. Taufik Gozi
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
This corporate started with establishing Bank Pembangunan Daerah
Nusa Tenggara Barat based on propinsi Nusa Tenggara barat district
rule no 6, 1963.
Based on Propinsi Daerah Tingkat I Nusa Tenggara Barat no. 5, April 21,
1999 Seri D Bank Pembagunan Daerah was changed into perseroan
terbatas (PT) Bank Pembangunan Daerah Nusa Tenggara Barat
Million Rp except Par Value
BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
32,836
342,648
101,839
1,125,318
1,041
35,127
9,900
1,824,641
1,321,719
3,517
53,336
18,807
1,601,731
250,000
155,792
16
10,000
34,867
222,911
Dec-2007
46,820
134,653
71,015
1,393,869
1,125
30,642
16,098
1,922,791
1,290,522
13,047
49,254
36,421
1,674,210
250,000
163,292
16
10,000
43,105
248,580
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
259,727
100,699
8,714
114,671
53,070
-621
52,448
17,948
34,501
286,022
104,846
13,817
137,284
57,710
2,695
60,404
19,730
40,674
10.12
4.12
58.56
19.72
8.74
N/A
15.17
9.93
N/A
17.89
7.19
1.89
13.28
20.43
6.74
2.12
14.22
20.18
-6.27
11.88
7.06
-1.25
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
42.59
-60.70
-30.27
23.86
8.08
-12.77
62.60
5.38
-2.36
270.92
-7.65
93.65
4.53
N/A
4.81
4.81
23.63
11.52
AS OF JUNE 2008
No.
1.
108
Code
BNTB01B
Series Name
I Tahun 2005 Seri B
Outstanding
(Rp Million)
140,000
Listing
Date
11-Apr-05
Maturity
Date
08-Apr-10
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.875%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
Rating
Aa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BNTB01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
Q4
10.667 10.752 11.533
23-Jan 19-Jun 27-Sep
10.724 10.753 11.562
10.602 10.346 10.320
10.652 10.367 10.339
WA1
43.39
45.37
22.19
Volume2
129.6% 63.4% 124.0%
Turnover3
Modified Duration (Yrs): 3.774
Q1
-
Last
Date
High
Low
-
Q2
10.932 10.742
18-Feb 30-Jun
10.932 10.751
10.594 10.738
10.675 10.745
56.03
43.11
123.2% 160.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BNTB01B
Low
High
10.320
11.562
10.339
TOTAL
% of Total
Turnover
Ratio
(%)
111
0.21
79.25%
111
0.21
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
3.774
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
45
BNTB01B
Q3-2007
22
Q4-2007
Outstanding
43
-
140
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
109
BRAM INDO KORDSA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Pahlawan, Desa Karang Asem Timur Citeurep
Bogor - 16810
Phone : (021) 875-2115
Fax : (021) 875-3934
idAAutomotive & Components
http://www.brantamulia.com
Faisal Dharmasetiawan
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Indo Kordsa Tbk (Formerly: Branta Mulia Tbk) has been manufacturing
high-performance tire cord fabric and yarn for the world’s foremost tire
companies since 1981, when we established South East Asia’s first Tire
Cord Fabric plant. Recoqnised for a commitment to excellence, our
strength lies in our flexibility to collaborate closely with customers, and
our ability to both initiate and respond rapidly to technological advances
in the industry.
Thanks to continuous expansion through development and consolidation
in the region, and later through strategic alliances with global leaders in
the industry, we have emerged as a principal worldwide supplier of tire
reinforcing material. From our plants in Indonesia and Thailand, we now
export Nylon 66 and Polyester Tire Yarn, as well as a range of Tire Cord
Fabric, to major markets worldwide.
As an established producer of a full range of premium quality tire cord
fabric, we are uniquely positioned in this growing region to meet your
needs, however diverse. Think of us as a one-stop shop for all your tire
yarn or fabric requirement.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
159,578
233,314
348,687
837,970
687,877
2,806
1,530,173
212,990
295,494
508,484
188,064
350,000
225,000
450
500
551,554
833,625
252,952
299,338
297,915
911,770
639,999
2,901
1,554,863
183,230
279,122
462,352
198,505
350,000
225,000
450
500
585,303
894,006
58.51
28.30
-14.56
8.81
-6.96
3.38
1.61
-13.97
-5.54
-9.07
5.55
6.12
7.24
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,500,835
1,297,018
203,817
134,323
69,494
-29,792
39,702
10,571
-10,818
18,314
1,547,112
1,351,587
195,524
111,204
84,321
-17,544
66,777
22,705
-4,923
39,149
3.08
4.21
-4.07
-17.21
21.34
41.11
68.19
114.79
54.49
113.76
0.61
1.20
1.22
4.63
0.52
2.52
2.53
5.45
-15.21
110.37
107.37
17.71
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
110
Code
BRAM01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
275,000
Listing
Date
20-Apr-04
Maturity
Date
19-Apr-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.50%
19-Jan-07
19-Apr-07
19-Jul-07
19-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BRAM01
Trading Volume
(Rp Billion)
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.527
9.720
28-Mar 26-Jun
9.861
9.841
9.527
9.619
9.630
9.841
WA1
76.38
11.41
Volume2
111.1% 16.6%
Turnover3
Modified Duration (Yrs): 6.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.571
27-Sep
9.751
9.553
9.751
16.35
23.8%
9.626
17-Dec
9.770
9.624
9.678
5.67
8.2%
9.713
9.816
31-Mar 20-Jun
9.914
9.816
9.608
9.518
9.813
9.674
58.98 155.06
85.8% 225.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BRAM01
Low
High
9.527
9.861
9.678
TOTAL
% of Total
Turnover
Ratio
(%)
110
0.21
39.93%
110
0.21
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.026
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
76
BRAM01
Q2-2007
11
16
Q3-2007
Q4-2007
Outstanding
6
275
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
90
120
-150
180
210
240
270
300
111
BRNA BERLINA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Raya Pandaan KM 43
Pandaan - 67156
Phone : (0343) 631-901
Fax : (0343) 631-902
Baa3.id
Plastics & Packaging
Lioe Cu Ling
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
37,893
44,393
45,998
187,435
202,438
1,927
408,108
108,738
132,906
241,645
19,223
50,000
34,500
69
500
102,184
147,240
28,878
79,638
41,165
175,649
195,360
1,652
387,273
72,923
137,744
210,667
20,074
50,000
34,500
69
500
112,564
156,532
-23.79
79.39
-10.51
-6.29
-3.50
-14.29
-5.11
-32.94
3.64
-12.82
4.43
10.16
6.31
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
306,652
258,721
47,931
36,737
11,194
-16,862
-5,667
-1,367
-1,147
-5,447
375,941
303,847
72,094
45,216
26,878
-10,228
16,650
3,377
-2,893
10,380
22.60
17.44
50.41
23.08
140.10
39.34
N/A
N/A
-152.14
N/A
1.64
-1.33
-1.78
3.65
1.35
2.68
2.76
7.15
-17.99
N/A
N/A
95.85
BALANCE SHEETS
Established in Pandaan, East Java in 1969 with only one Germanmade Bekum Blow Molding Machine. Later expanded and became a
major manufacturer of rigid plastics containers, with a primary focus on
Cosmetics and Pharmaceuticals Industries. Main customers include
national and multinational corporations such as Unilever, L’Oreal, Kao,
Pfizer, Jordan, and Avon etc.
Started its first business relationship with Unilever in 1971 and later
became the first supplier of Sunsilk bottles. In 1979, produced one
million bottles per month for Sunsilk and Clear Shampoo.
Continued to grow fast, in 1981 expanded to Toothbrush manufacturing,
appointed as the contract manufacturer for Jordan (Norway), Pepsodent
(Unilever), Reach (Johnson and Johnson), and Prodent (Prodenta)
brands.
In 1982, acknowledged as the leader in rigid plastics container, also
being the first Indonesian processor of Co-extruded (multi layers) bottles
used for Pesticides and Herbicides containers. In 1989, became the
first producer of five gallons Polycarbonate Mineral Water bottles in the
country.
To serve the growing number customers in West area better, in 1984, set
up a Plant located in Tangerang, West Java.
The Company was public listed in Jakarta and Surabaya Stock Exchange
in September 1989. Consistent with its commitment to quality and to
announce itself as a real global player, in December 1998 the company
received ISO 9001 Certificate. Today, producing more than 500 product
items per month for various local and export industries.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
112
Code
Series Name
BRNA01B
I Tahun 2004 Seri B
BRNA01C
Syari'ah Ijarah I Tahun
2004
Outstanding
(Rp Million)
32,000
85,000
Listing
Date
16-Dec-04
16-Dec-04
Maturity
Date
15-Dec-09
15-Dec-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 13.75%
15-Mar-07
15-Jun-07
15-Sep-07
15-Dec-07
Baa3.id
Ijarah Fee
Rp2,921,875,000,quarterly
15-Mar-07
15-Jun-07
15-Sep-07
15-Dec-07
Baa3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BRNA01B
Trading Volume
(Rp Billion)
3.50
12.5
2.80
10.0
2.10
7.5
1.40
5.0
0.70
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.669
- 09-May
- 10.866
- 10.669
- 10.744
WA1
3.05
Volume2
38.2%
Turnover3
Modified Duration (Yrs): 6.415
-
-
Last
Date
High
Low
Q4
Q3
Q1
-
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BRNA01C
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.517 11.206
14-Mar 21-Jun
10.842 11.298
10.430 10.862
1
10.773 10.882
WA
24.91
2.96
Volume2
117.2% 14.0%
Turnover3
Modified Duration (Yrs): 8.142
Last
Date
High
Low
Q3
Q4
Q1
11.095
25-Sep
11.235
10.597
10.665
8.34
39.2%
10.865
26-Dec
11.028
10.513
10.539
5.84
27.5%
10.901 10.920
21-Feb 15-May
10.901 11.012
10.881 10.920
10.901 10.920
2.26
7.09
10.7% 33.4%
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
BRNA01B
10.669
10.866
10.744
3
0.01
9.54%
6.415
2.
BRNA01C
10.430
11.298
10.539
42
0.08
49.48%
8.142
45
0.09
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
BRNA01B - 3
Outstanding
--
32
25
BRNA01C
3
8
6
--
85
Outstanding
-
10
20
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
30
40
50
60
70
80
90
100
113
BSDE BUMI SERPONG DAMAI TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Taman Perkantoran I BSD
Jl. Raya Serpong, Tangerang - 15322
Phone : (021) 537-0161
Fax : (021) 537-0002,537-0003
idBBB
Property & Real Estate
http://www.bsdcity.com
Fangky Indahjani
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bumi Serpong Damai was established in 1984 to develop a township
on approximately 5,950 hectares of land located towards the southwest
of Jakarta. According to Real Estat Indonesia, BSD City will be one
of the largest privately developed townships in terms of the location
permits sanctioned in the Jakarta-Bogor-Depok-Tangerang-Bekasi (the
Jabodetabek) area in Indonesia and it will comprise a mix of residential
and industrial properties and a central business district. BSD City’s focus
is to provide quality living conditions for residents, create a commercial
community and to provide for industry and trade within and around
the confines of a township development. BSD City will be supported
with its social and recreational facilities and adequate infrastructure
and technology, which will support the businesses and the resident
community living within the city.
BSD City is located approximately 25 kms southwest of Jakarta and is
connected to Jakarta and all parts of the Jabodetabek region through a
network of primary (including toll roads and highways) and secondary
roads and railways. BSD City is an integrated township currently
comprising, among other things, 12 residential estates, two sub-town
centers that are equipped with retail and commercial facilities, an
industrial estate and public and social facilities, including schools, parks
and utilities. BSD City has been designed to cater to both local and
foreign customers. BSD City is based on a master plan (the “Master
Plan”) developed by the Company along with several international
consultants. Pursuant to the Master Plan, BSD City is intended to grow
to comprise up to approximately 80 residential estates, seven sub-town
centers and a complete central business district.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
220,715
77,994
1,581,148
50,860
75,052
3,692,196
36,858
2,530,339
1,000,000
984,206
1,968
500
166,875
1,161,858
275,096
55,362
1,376,992
63,360
78,019
3,607,961
27,729
2,339,539
1,000,000
984,206
1,968
500
273,439
1,268,422
24.64
-29.02
-12.91
24.58
3.95
N/A
-2.28
-24.77
-7.54
N/A
63.86
9.17
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,078,828
672,197
406,631
221,010
185,621
-78,995
106,614
23,645
82,969
1,440,718
992,527
448,191
179,897
268,294
-127,528
140,766
34,201
106,564
33.54
47.65
10.22
-18.60
44.54
-61.44
32.03
44.64
N/A
28.44
2.18
2.25
7.69
17.21
1.84
2.95
7.40
18.62
-15.31
31.44
-3.82
8.23
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
114
Code
BSDE01XXBFTW
BSDE02
Series Name
I Tahun 2003
II Tahun 2006
Outstanding
(Rp Million)
250,000
600,000
Listing
Date
13-Oct-03
30-Oct-06
Maturity
Date
10-Oct-08
20-Oct-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 15.675%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB
Fixed: 15.00%
20-Jan-07
20-Apr-07
20-Jul-07
20-Oct-07
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSDE01XXBFTW
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
11.885 11.964
26-Mar 12-Jun
12.438 11.965
11.735 11.516
12.281 11.952
WA1
44.85
71.24
Volume2
71.8% 114.0%
Turnover3
Modified Duration (Yrs): 3.304
Q4
Q1
Q2
11.918 12.063 11.808 11.306
21-Sep 26-Dec 26-Mar 26-Jun
12.038 12.180 12.078 11.306
11.652 11.682 11.661 10.839
11.918 12.135 11.808 10.918
26.33 196.17 100.53
69.45
42.1% 313.9% 160.9% 111.1%
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BSDE02
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
10.118 10.312 10.000
28-Mar 29-Jun 19-Sep
10.454 10.774 10.427
10.081
9.875 10.000
1
10.130
10.118
10.402
WA
216.63 174.09 190.43
Volume2
144.4% 116.1% 127.0%
Turnover3
Modified Duration (Yrs): 4.621
Last
Date
High
Low
Q4
Q1
Q2
10.095
28-Dec
10.462
9.316
10.432
107.89
71.9%
10.183
18-Mar
10.487
9.574
9.574
112.48
75.0%
10.176
24-Jun
10.336
9.511
9.511
83.44
55.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
2.
% of Total
Turnover
Ratio
(%)
339
0.65
135.44%
3.304
689
1.33
114.84%
4.621
TRADING VOLUME
(Billion Rp)
Low
High
BSDE01XXBFTW
11.516
12.438
12.135
BSDE02
9.316
10.774
10.432
1,028
1.98
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
45
BSDE01XXBFTW
71
Outstanding
Q2-2007
26
196
250
--
Q3-2007
217
BSDE02
174
Outstanding
190
108
600
Outstanding
-
70
140
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
210
280
-350
420
490
560
630
700
115
BSEC BHAKTI SECURITIES
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Kebon Sirih 4th Fl.
Jl. Kebon Sirih No. 17-19, Jakarta - 10340
Phone : (021) 392-2000
Fax : (021) 3983-6857
Baa1.id
Securities Company
http://www.bhaktisecurities.com
Fransiska L. Therik
Bank Mega Tbk
PROFILE
FINANCIAL HIGHLIGHT
Bhakti Securities is a securities company, established in Jakarta in
2004. The company is affiliated with Bhakti investama Group and has
conducting its business in capital market in Indonesia since 1989.
Currently, Bhakti Securities’ with complete activities in securities
business, such as:
• Financial Advisory Services
- Restructuring and Merger & Acquisition
- Underwriting,
- Origination & Syndication
• Brokerage and Securities Trading Services
- Equity Instrument (shares, Warrant, Rights, etc)
- Fixed Income Instrument (Bonds, Convertible Bonds, Medium
Term Notes, Government Bonds, etc)
- Other Activities (Repurchase Agreement, Margin Trading etc)
• Research and Business Development Services:
- Securities Research
- Special Project Research
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Company’s headquarter is in Jakarta and supported with office network
widely spread in several big cities in Indonesia. Starting in 2008, PT
Bhakti Securities shall operate as a full service securites company, as
follows:
• Retail investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
portfolio systems reporting, financing of deferred transaction,
margin trading financing, custodian and transfer of portfolio at
zero cost within sub-accounts in PT Bhakti Securities.
- Strive to perform Share Option Contract transactions
and shares of Index Option.
- Provide bond transaction to retail clients.
• Institutional investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
private placement/wholesale transacitons, system monitoring
and reporting.
- Provide portfolio enhancement facility to achieve an optimal
investment return.
As the performance of the Company progresses yearly, PT Bhakti
Securities has received the following awards:
• Top awards as the most active company in equity transaction on
the Surabaya Stock Exchange in 2007.
• Award from Investor magazine as the Best Securities Company
in 2007.
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
33,865
2,157
128,883
27,947
3,548
154,675
-17.47
64.49
20.01
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
65,711
255,653
2,623
272
491,642
135,396
188,640
227,299
3,795
294
608,226
181,069
187.08
-11.09
N/A
44.64
8.00
23.71
33.73
193,651
157
338,710
400,000
100,000
100
1,000
52,932
152,932
-45.09
106,328
37,977 24,031.92
5.40
356,989
N/A
400,000
100,000
100
1,000
185.49
151,115
64.28
251,237
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
45,326
18,349
26,977
2,205
29,182
3,497
25,684
149,592
28,197
121,395
3,733
125,128
26,945
98,183
230.04
53.67
349.99
69.34
328.79
670.42
N/A
282.27
2.21
5.22
56.67
59.52
1.42
16.14
65.63
81.15
-35.84
209.00
15.83
36.35
Recievables from Customers
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
116
Code
BSEC01
Series Name
I Tahun 2008
Outstanding
(Rp Million)
150,000
Listing
Date
30-May-08
Maturity
Date
30-May-11
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
30-Aug-08
30-Nov-08
02-Mar-09
02-Jun-09
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSEC01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.752
N/A
N/A 23-Jun
N/A
9.752
N/A
9.752
N/A
9.752
N/A
76.00
N/A 202.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
117
BSLT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK SULUT (BPD SULAWESI UTARA)
:
:
:
:
:
ADDRESS
Jl. Sam Ratulangi No. 9
Manado - 95111
Phone : (0431) 851-451, 861-761
Fax : (0431) 854-522, 846-515
idBBB
Bank
Felming Harun
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank Pembangunan Daerah Sulawesi Utara (Bank Sulut), firstly
established as PT Bank Pembangunan Daerah Sulawesi Utara
Tengah, founded under the act no. 88 Mach 17, 1961, made by Raden
Hadiwidodo, renewed by Raden Kadiman thereafter, under the act no.
22 August 4, 1961.
Based on statement from Indonesia ministry of finance no BUM. 9-3-22
may 18, 1961, the mnister gave the bank permission to PT Bank Sulut,
in Gorontalo.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
18,403
611,399
231,549
8,415,060
2,527
39,321
28,948
1,955,154
1,538,778
10,531
4,209
1,864
1,775,814
300,000
77,366
0.77
100,000
87,641
179,340
Dec-2007
79,774
478,190
66,624
1,132,712
2,642
43,834
27,180
2,249,548
1,847,607
27,443
3,361
5,107
2,072,778
300,000
117,272
1.17
100,000
59,322
176,770
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
340,094
122,928
9,293
146,782
79,676
8,564
88,240
30,030
58,211
329,857
133,004
14,892
159,467
52,278
2,361
54,639
19,443
35,196
-3.01
8.20
60.25
8.64
-34.39
-72.43
-38.08
-35.26
N/A
-39.54
9.90
2.98
17.12
23.43
11.73
1.56
10.67
15.85
18.42
-47.45
-37.66
-32.35
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
333.49
-21.79
-71.23
-86.54
4.55
11.48
-6.11
15.06
20.07
160.60
-20.15
174.00
16.72
N/A
51.58
51.58
-32.31
-1.43
AS OF JUNE 2008
No.
1.
118
Code
BSLT03
Series Name
III Tahun 2005
Outstanding
(Rp Million)
200,000
Listing
Date
13-May-05
Maturity
Date
12-May-10
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
12-Feb-07
12-May-07
12-Aug-07
12-Nov-07
Rating
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BSLT03
Trading Volume
(Rp Billion)
350
12.5
280
10.0
210
7.5
140
5.0
70
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.563
8.538
8.590
8.541
8.559
30-Mar 29-Jun 14-Aug 18-Dec 14-Mar
8.750
8.667
8.632
8.570
8.667
8.074
8.477
8.531
8.437
8.505
8.560
8.590
8.532
8.547
8.544
WA1
52.90 340.09
78.73
22.60
73.71
Volume2
157.5% 45.2% 105.8% 680.2% 147.4%
Turnover3
Modified Duration (Yrs): 8.307
Last
Date
High
Low
8.555
17-Apr
8.555
8.555
8.555
1.04
2.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BSLT03
Low
High
8.074
Weighted Avg.
Executed
Yield (%)
8.750
8.544
TOTAL
% of Total
Turnover
Ratio
(%)
494
0.95
247.17%
494
0.95
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.307
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
79
BSLT03
23
Q2-2007
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Q4-2007
53
E X C H A N G E
Outstanding
340
200
Outstanding
Q3-2007
-150
200
250
300
350
400
450
500
119
BTEL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BAKRIE TELECOM TBK
:
:
:
:
:
ADDRESS
Wisma Bakrie, 2nd Fl.
Jl. HR. Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 910-1112
Fax : (021) 910-0080
idATelecommunications
http://www.bakrietelecom.com
Harry Prabowo
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bakrie Telecom Tbk was founded in 1993 as PT Radio Telepon
Indonesia. Ratelindo, the Company’s first product, was an E-TDMA
fixed wireless network, and was launched in 1996. The Company was
renamed Bakrie Telecom in 2003, and launched a new limited mobility
fixed wireless network (FWA - LM) using CDMA 2000 1x technology
under the Esia brand name.
BTEL became a public company in February 2006 when it was listed
on the Jakarta Stock Exchange. At the end of 2006, BTEL received a
license in principal from the Government of Indonesia to expand its fixed
wireless network nationally. In June 2007, a Ministerial Decree from the
Minister for Telecommunications and Information confirmed this license
to offer our products across the whole of the Indonesian archipelago.
Concurrently, BTEL also received permission to offer International Direct
Dialing (IDD) facilities through its network.
By the end of 2007, BTEL was serving 3.82 million subscribers via
a network of 32 Mobile Switching Centers (MSC), 37 Base Station
Controllers (BSC) and 1200 Base Transceiver Stations (BTS). Our
network services were available in 34 cities across the nation.
Looking ahead, BTEL will remain focused on its customers. We will
make every effort to ensure that all Indonesians can enjoy the right to
affordable telecommunications services that enhance the prosperity of
each member of the community.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
239,424
70,766
12,373
527,412
1,554,253
2,217,139
299,516
422,201
721,717
5,211,165
2,456,762
18,816
200 & 100
-991,139
1,495,422
295,663
102,986
18,427
926,983
3,307,202
4,664,164
514,367
2,274,588
2,788,955
5,211,165
2,470,518
18,954
200 & 100
-846,870
1,875,209
23.49
45.53
48.93
75.76
112.78
N/A
110.37
71.73
438.75
286.43
N/A
0.56
0.73
14.56
25.40
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
607,921
469,074
138,847
469,074
138,847
-63,449
75,398
2,718
72,680
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1,289,889
112.18
971,600
107.13
318,289
129.24
971,600
107.13
318,289
129.24
-55.40
-98,596
219,693
191.38
75,424 2,675.05
N/A
98.50
144,269
1.49
3.09
11.18
24.68
0.48
3.28
11.96
22.84
208.17
-5.64
-6.45
8.04
AS OF JUNE 2008
No.
1.
120
Code
BTEL01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
650,000
Listing
Date
05-Sep-07
Maturity
Date
04-Sep-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.90%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BTEL01
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.908
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.965
27-Sep
8.995
8.932
8.959
97.68
60.1%
8.884
12-Dec
8.915
8.779
8.890
101.02
62.2%
8.873
17-Mar
8.884
8.854
8.878
28.90
17.8%
8.904
12-Jun
8.906
8.800
8.905
133.65
82.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
BTEL01
Low
8.779
High
Weighted Avg.
Executed
Yield (%)
8.995
8.890
TOTAL
% of Total
Turnover
Ratio
(%)
199
0.38
30.57%
199
0.38
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.908
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BTEL01 -
98
Q2-2007
Q3-2007
Q4-2007
Outstanding
101
650
Outstanding
-
70
140
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
210
280
-350
420
490
560
630
700
121
BVIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK VICTORIA INTERNATIONAL TBK
:
:
:
:
:
ADDRESS
Bank Panin Building, Senayan Ground Floor
Jl. Jend. Sudirman No. 1, Jakarta - 10270
Phone : (021) 573-5425
Fax : (021) 573-5429
A1.id
Bank
http://www.victoriabank.co.id
Tamunan Kiting
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Victoria was established in 1992, and has maintained its competition
in the national banking realm. Up to the end of September 2008, Bank
Victoria has a network of 68 branches that are ready to serve custumers
in Jabodetabek (Jakarta, Bogor, Depok, Tangerang and Bekasi) area.
The Bank is currently focusing on retail banking.
The Company was listed in the Jakarta Stock Exchange since 1999, is
active in executing corporate action such as right issus and securities
public offering. In 2007 Bank Victoria issued Corporate Bond II BVIC Rp
200 billion and Subordinated Bond I BVIC Rp 200 biilion. To strengthen
the Equity structure, Bank Victoria obtained the effective notice from
Bapepam and LK in its letter No.S-4114/BL/2008 dated 26 June 2008,
for its public offering, through Preemptive Right Issue IV to stockholders
of Rp 124 billion, with Rp 66,97 billion Warrant Series V.
In August 2007, Bank Victoria acquired 99.80 % of Bank Swaguna share.
Bank Swaguna has a head office in Jakarta and branches in Bekasi,
Cirebon, Bandung, Tegal and Denpasar. Bank Swaguna is planned to be
converted to Bank Syariah.
In June 2008, Bank Victoria managed to attain Assets of Rp 5,66 trillion,
Loans were Rp 2,27 trillion, Deposits were recorded at Rp 4,19 trillion and
Net income of Rp 24.54 bliion as at 30 June, 2008. Some achievements
in Financial ratios are indicated by :
• NIM 2.64%
• CAR 17.25%
• ROA 1.24%ROE 12.79%
• LDR increased to 53.60%
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Ban
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
12,698
198,000
1,326,265
1,088,691
43,067
9,091
2,897,471
2,539,754
8,845
9,429
2,589,620
517,800
201,116
2,011
100
93,621
307,851
Dec-2007
14,981
197,395
2,477,204
1,953,183
61
124,566
10,443
5,268,995
4,427,422
5,736
19,053
4,865,424
9
517,800
233,500
2,335
100
143,175
403,562
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
275,841
224,628
20,564
31,150
40,091
-1,525
38,566
8,515
30,051
352,275
272,191
43,465
65,518
58,032
-55
57,976
8,422
-0.2
49,554
27.71
21.17
111.37
110.33
44.75
96.37
50.33
-1.09
N/A
64.90
8.41
1.04
10.89
14.53
12.06
0.94
14.07
16.47
43.32
-9.32
29.12
13.34
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
17.98
-0.31
86.78
79.41
N/A
189.24
14.87
81.85
74.32
-35.14
N/A
102.06
87.88
N/A
16.10
16.10
52.93
31.09
AS OF JUNE 2008
No.
1.
2.
122
Code
BVIC02A
BVIC02B
Series Name
II Tahun 2007
Subordinasi I Tahun 2007
Outstanding
(Rp Million)
200,000
200,000
Listing
Date
22-Mar-07
22-Mar-07
Maturity
Date
21-Mar-12
21-Mar-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
10 Years
Rating
Fixed: 12.00%
21-Jun-07
21-Sep-07
21-Dec-07
21-Mar-08
A1.id
Year 1-5: 12.50%; Year 610: 21.50%
21-Jun-07
21-Sep-07
21-Dec-07
21-Mar-08
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
BVIC02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
10.370 10.616
23-Mar 25-Jun
10.383 10.616
10.370 10.367
1
10.370 10.499
WA
40.00
58.94
Volume2
80.0% 117.9%
Turnover3
Modified Duration (Yrs): 3.442
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.251
24-Sep
11.765
10.251
10.399
39.96
79.9%
10.451
13-Dec
10.451
10.332
10.332
11.04
22.1%
10.285
27-Mar
10.358
9.651
9.651
22.48
45.0%
10.413
23-Jun
10.499
9.794
10.244
37.89
75.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
BVIC02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
10.596 10.850
23-Mar 28-Jun
10.596 10.968
10.596 10.771
10.596 10.771
WA1
2.03
3.20
Volume2
4.1%
6.4%
Turnover3
Modified Duration (Yrs): 2.284
Last
Date
High
Low
Q3
Q4
Q1
10.953
24-Sep
10.953
10.837
10.837
1.99
4.0%
10.724
19-Dec
10.724
10.724
10.724
45.00
90.0%
10.724 10.895
26-Mar 27-May
10.724 10.895
10.702 10.819
10.724 10.895
20.01
6.00
40.0% 12.0%
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
BVIC02A
2.
BVIC02B
Low
High
10.251
11.765
10.332
10.596
10.968
10.724
% of Total
Turnover
Ratio
(%)
150
0.29
74.97%
3.442
52
0.10
26.11%
2.284
202
0.39
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
BVIC02A
Q2-2007
40
59
20
40
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
11
200
--
200
--
45
Outstanding
-
Q4-2007
40
Outstanding
BVIC02B 2 3 2
Q3-2007
S T O C K
E X C H A N G E
80
100
120
140
160
180
200
220
123
CFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CLIPAN FINANCE INDONESIA TBK
:
:
:
:
:
ADDRESS
Wisama Slipi 8th Fl.
Jl. S. Parman Kav. 12, Jakarta
Phone : (021) 530-8005
Fax : (021) 530-8026, 530-8027
A2.id
Financial Institution
Dwijanto
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Clipan Finance Indonesia Tbk (CFIN) was originally established
in 1982 under the name of PT Clipan Leasing Corporation with Credit
Lyonais, Paris as a major shareholder holding 40% ownership in the
company. After several times ownership structure changes through IPO
in 1990 and 3 right issues in 1997, 1999, and 2000 respectively. The
Company’s shareholders structure consisted of Panin Bank (PNBN)
holding 44.79% ownership and the Public (55.21%). The Company’s
name was also changed to PT Clipan Finance Indonesia Tbk. in March
1997. The Company has also changed its management structure
19 times during FY82-03, which as to date ended up with Mr. Mu’min
Ali Gunawan, the founder of Panin Group, becoming the President of
Commissioner and Ms. Gita P. K Darmawan, who has been working
for the Company for over 12 years, becoming the President Director of
the Company. Currently, the Company focuses on consumer financing,
though still maintained its good customers in leasing business. As to
date, The Company has one head office in Jakarta , three branches in
Denpasar, Bandung and Medan and two marketing offices in Kelapa
Gading and Fatmawati
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
22,211
2,368
25,673
6,027
15.59
154.54
281,306
376,588
33.87
1,285
11,467
387
778,942
83,975
7,278
329,467
4,160
1,040,000
260,554
1,042
250
188,799
449,474
3,866
10,774
413
1,674,394
380,574
4,056
612,505
4,160
1,040,000
650,825
2,603
250
263,512
1,061,889
200.88
-6.05
6.85
114.96
353.20
-44.27
85.91
149.79
149.79
39.57
136.25
154,000
84,728
69,272
69,272
218,198
123,950
94,247
41.69
46.29
-100.00
36.05
19,071
50,200
19,534
74,714
2.42
48.83
0.73
6.44
32.60
44.98
0.58
4.46
34.24
43.19
-21.31
-30.76
5.04
-3.98
AS OF JUNE 2008
No.
1.
124
Code
CFIN01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
150,000
Listing
Date
20-Nov-03
Maturity
Date
19-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
19-Feb-07
19-May-07
19-Aug-07
19-Nov-07
Rating
A2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CFIN01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
-
10.522
26-Feb
10.522
10.522
10.522
WA1
17.49
Volume2
46.7%
Turnover3
Modified Duration (Yrs): 1.986
Last
Date
High
Low
Q1-Q2 2008
Q4
9.330
13-Sep
9.879
9.330
9.598
137.44
366.5%
-
Q1
10.467
15-Nov
10.467
10.467
10.467
17.60
46.9%
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
CFIN01XXBFTW
Low
High
9.330
Weighted Avg.
Executed
Yield (%)
% of Total
173
0.33
115.02%
173
0.33
(Billion Rp)
10.467
10.522
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
1.986
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CFIN01XXBFTW
17
Q2-2007
-
Q4-2007
Outstanding
137
18
150
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
60
-80
100
120
140
160
180
200
125
CLPK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CILIANDRA PERKASA
:
:
:
:
:
ADDRESS
Wisma 77, 7th Fl.
Jl. Letjend. S. Parman Kav. 77, Slipi, Jakarta - 11410
Phone : (021) 5367-0888
Fax : (021) 5367-1888
idAPlantation
http://www.ciliandraperkasa.co.id
Atan Masri
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Ciliandra Perkasa is the principal subsidiary of First Resources
Ltd, which is listed on the mainboard of the Singapore Exchange. PT
Ciliandra Perkasa’s main businesses activities are in cultivating and
harvesting oil palms, and processing the fruits into crude palm oil and
palm kernel for local and export sales. As of 30 June 2008, we manage
more than 91,400 hectares of planted oil palm plantations and operate 7
palm oil mills in the Riau province of Sumatra, Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
34,703
17,750
75,341
852,587
636,009
2,706,519
203,722
1,578,643
1,782,364
242,232
500,000
450,000
450
1,000
124,807
681,692
707,156 1,937.75
85.72
32,965
142,081
88.58
1,077,086
26.33
1,065,470
67.52
N/A
3,747,579
38.46
394,740
93.76
2,081,669
31.86
2,476,409
38.94
372,204
53.66
500,000
450,000
450
1,000
457,490
266.56
898,757
31.84
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
857,133
537,644
319,489
38,584
280,905
-94,843
186,063
56,285
-45,965
84,438
1,516,187
648,282
867,905
88,725
779,180
-116,030
663,150
200,125
-130,704
332,683
76.89
20.58
171.65
129.95
177.38
-22.34
256.41
255.56
-184.36
294.00
2.61
3.12
9.85
32.77
2.76
8.88
21.94
51.39
5.38
184.55
122.73
56.81
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
126
Code
CLPK02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
500,000
Listing
Date
28-Nov-07
Maturity
Date
27-Nov-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11,50%
27-Feb-08
27-May-08
27-Aug-08
27-Nov-08
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CLPK02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
10.0
120
8.0
90
6.0
60
4.0
30
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.879
Last
Date
High
Low
Q1-Q2 2008
Q4
Q3
N/A
8.457
N/A 29-Dec
N/A
8.484
N/A
8.422
N/A
8.471
N/A 138.05
N/A 110.4%
Q1
Q2
8.452
13-Feb
8.501
8.119
8.119
121.94
97.6%
8.881
04-Jun
8.881
8.393
8.844
93.80
75.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
CLPK02
Low
High
8.422
% of Total
138
0.27
27.61%
138
0.27
(Billion Rp)
8.471
8.484
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.879
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CLPK02 -
Q2-2007
Q3-2007
Q4-2007
Outstanding
138
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
127
CMNP CITRA MARGA NUSAPHALA PERSADA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Citra Marga Building, Jl.Angkasa No.20 Kemayoran
Jakarta - 10610
Phone : (021) 4288-5282
Fax : (021) 4288-5281
A1.id
Tollroad, Airport, Harbor & Allied Product
http://www.cmnp.co.id
Hudaya Arryanto
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Citra Marga Nusaphala (CMNP) was established in 1987 as the
first private toll road construction and operating company in Indonesia.
CMNP obtained Indonesia’s toll road concession based on the Toll Road
Implementation Authority Agreement (hereinafter referred to as the
“Agreement”) with PT Jasa Marga, a state-owned toll road operating
company. CMNP was listed on the Jakarta Stock Exchange in 1995, and
39.6% of its shares were held by public-sector entities as of December
31, 2000. Other major shareholders are three state-owned companies,
including PT Jasa Marga, with a combined share of 32.6%. A foundation
Yayasan Purna Bhakti Pertiwi headed by the current President holds
11.0% and the company associated with the eldest daughter of former
President Suharto holds 2.4%.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
133,410
2,893
145,559
1,721,029
21,118
1,967,088
196,180
446,228
642,407
41,354
3,600,000
1,000,000
2,000
500
256,994
1,283,327
151,659
1,093
160,706
2,434,691
21,200
2,720,480
163,380
1,131,943
1,295,323
64,176
3,600,000
1,000,000
2,000
500
337,411
1,360,981
13.68
-62.23
N/A
10.41
41.47
0.39
38.30
-16.72
153.67
101.64
55.19
31.29
6.05
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
474,782
265,255
209,527
265,255
209,527
-36,972
171,424
49,413
-489
121,522
496,211
281,226
214,984
281,226
214,984
-39,820
175,220
54,896
273
120,598
4.51
6.02
2.60
6.02
2.60
-7.70
2.21
11.10
N/A
-0.76
0.50
6.18
25.60
44.13
0.95
4.43
24.30
43.33
90.13
-28.24
-5.05
-1.83
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
128
Code
CMNP03B
CMNP03C
Series Name
III Tahun 2005 Seri B
III Tahun 2005 Seri C
Outstanding
(Rp Million)
100,000
100,000
Listing
Date
09-Jun-05
09-Jun-05
Maturity
Date
08-Jun-09
08-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
4 Years
5 Years
Rating
Fixed: 12.75%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
A1.id
Fixed: 13.00%
08-Mar-07
08-Jun-07
08-Sep-07
08-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CMNP03B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Q2
Q1
Q3
-
9.677
26-Jun
9.679
9.413
9.413
WA1
9.13
Volume2
36.5%
Turnover3
Modified Duration (Yrs): 5.276
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
Q2
9.360
9.542
9.643
16-Nov 11-Mar 13-Jun
9.360
9.543
9.659
9.360
9.432
9.591
9.360
9.543
9.645
3.12
51.11
28.08
12.5% 204.4% 112.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
CMNP03C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
9.733
9.419
27-Mar 11-Apr
9.740
9.419
9.733
9.419
1
9.740
9.419
WA
6.99
2.12
Volume2
28.0%
8.5%
Turnover3
Modified Duration (Yrs): 8.446
Last
Date
High
Low
Q3
Q4
9.807
24-Aug
9.807
9.746
9.807
18.06
72.2%
9.740
27-Dec
9.744
9.714
9.725
12.01
48.0%
Q1
Q2
-
9.968
- 27-May
9.968
9.770
9.941
6.90
27.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
CMNP03B
9.360
9.679
9.360
12
0.02
12.24%
5.276
2.
CMNP03C
9.419
9.807
9.725
39
0.08
39.18%
8.446
51
0.10
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
CMNP03B -
9
Q2-2007
7
2
18
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
S T O C K
100
--
100
--
12
Outstanding
-
Q4-2007
- 3
Outstanding
CMNP03C
Q3-2007
E X C H A N G E
40
50
60
70
80
90
100
110
129
CPIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CHAROEN POKPHAND INDONESIA TBK
:
:
:
:
:
ADDRESS
Jl. Ancol VIII/1
Jakarta Utara - 14430
Phone : (021) 681-2501 (H)
Fax : (021) 690-7324
idBBB+
Animal Feed
http://www.cp.co.id
Hadijanto Kartika
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Charoen Pokphan Indonesia (CPIN) was founded on January 7,
1972. The Company’s product such as animal feeding, producing day
old chicken (DOC) for Indonesian Market. The Company was going
public (initial public offering) on January 2001.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
136,890
484,798
880,846
1,792,215
917,402
74,467
2,902,419
1,163,808
960,478
2,124,286
400,000
140,767
1,408
100
536,338
778,133
132,685
753,469
1,585,415
3,099,170
1,402,267
94,953
4,760,491
2,517,430
1,165,066
3,682,496
11,664
400,000
164,228
3,285
50
659,379
1,066,331
-3.07
55.42
79.99
72.92
52.85
27.51
64.02
116.31
21.30
73.35
N/A
16.67
133.33
-50.00
22.94
37.04
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,385,579
5,407,109
978,470
639,870
338,600
-69,608
268,992
107,828
157,057
8,679,504
7,477,099
1,202,405
722,658
479,747
-189,149
290,598
98,107
-4,105
185,448
35.92
38.28
22.89
12.94
41.69
-171.73
8.03
-9.02
N/A
18.08
2.73
5.41
2.46
5.30
3.45
3.90
2.14
5.53
26.50
-28.01
-13.13
4.24
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
130
Code
CPIN01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
500,000
Listing
Date
07-Jul-03
Maturity
Date
02-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.00%
02-Jan-07
02-Apr-07
02-Jul-07
02-Oct-07
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
CPIN01XXBFTW
Trading Volume
(Rp Billion)
350
15.0
280
12.0
210
9.0
140
6.0
70
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
Q2
13.522 13.228 12.870 13.612 13.195
30-Mar 28-Jun 14-Sep 28-Dec 28-Mar
13.931 13.593 13.426 14.004 13.497
13.148 12.938 12.756 13.021 13.039
13.855 13.235 12.933 13.646 13.197
WA1
267.90 297.91 270.18 143.61 210.17
Volume2
214.3% 238.3% 216.1% 114.9% 168.1%
Turnover3
Modified Duration (Yrs): 2.086
Last
Date
High
Low
3.340
26-Jun
5.166
2.187
5.166
98.47
78.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
CPIN01XXBFTW
Low
High
12.756
14.004
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
980
1.89
195.92%
980
1.89
TRADING VOLUME
(Billion Rp)
13.646
TOTAL
Modified
Duration (Yrs)
End of Year
2.086
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
268
CPIN01XXBFTW
500
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Q4-2007
298
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
Outstanding
270
144
-300
400
500
600
700
800
900
1,000
131
DNRK DANAREKSA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
PROFILE
PT Danareksa (Persero) was founded back in 1976 as a state-owned
investment bank. Over the years Danareksa has played an increasingly
important role in developing the capital markets to become one of the
country’s leading players in the industry. Danareksa is engaged in a
number of businesses including securities brokerage and services,
asset management, treasury services, investment banking and multi
finance. As a holding company, Danareksa has four subsidiaries. They
are PT Danareksa Sekuritas, PT Danareksa Investment Management,
PT Danareksa Finance and PT Danareksa Futures.
Over the years Danareksa has underwritten more equity and debt
placements than any other investment bank and securities house in
Indonesia. All in all, Danareksa has helped companies and institutions
to raise more than Rp140 trillion of capital in total. Moreover, Danareksa
has pioneered the development of mutual funds, promoting syari’ahbased investments in addition to launching a US dollar denominated
fixed income fund. In addition, Danareksa was also the first to advise on
the government’s privatization program.
Aided by Danareksa’s independent research unit called Danareksa
Research Institute, Danareksa has been able to offer valuable insights
into the health of the economy. Of particular note are the periodic surveys
on consumer confidence and business sentiment. This research is well
regarded by the market and regular users of the research include the
Ministry of Finance and a number of major corporations.
Danareksa had over Rp 3 trillion in total assets as of December 2007.
The company is presently supported by a presence in 8 large cities
in Indonesia and more than 20 branches. Looking ahead, one of the
company’s goals is to continue strengthening its service network and
points of contact so that more individuals and institutions can enjoy its
products and services.
Danareksa’s chief competencies are centred on its human assets, capital
and reputation. There is no doubt that the company could not have
achieved its prominent position in the industry without the efforts of the
talented and dedicated professionals at every level of the organization.
Yet despite the efforts of its employees, the real measure of success is
ultimately the trust placed in Danareksa by its clients.
132
ADDRESS
Danareksa Building
Jl. Medan Merdeka Selatan No. 14, Jakarta - 10110
Phone : (021) 350-9777, 350-9888
Fax : (021) 350-0989, 350-1712
idA
Others Finance
http://www.danareksa.com
Frans N. Sukardi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Recievables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
767,638
1,020,002
137,628
26,423
2,158,365
44,983
1,487,210
1
3
701,480
1
1
-232,316
671,153
631,500
1,531,081
133,167
48,295
3,300,648
61,819
2,572,195
2
3
701,480
1
1
-176,119
728,451
-17.73
50.11
N/A
N/A
-3.24
82.78
52.92
N/A
37.43
72.95
15.34
24.19
8.54
334,427
224,322
110,106
20,216
130,321
31,882
-0.2
98,439
505,849
335,469
170,380
-62,413
107,967
51,769
-0.2
56,197
51.26
49.55
54.74
N/A
-17.15
62.38
-21.43
-42.91
2.22
4.56
29.44
32.92
3.53
1.70
11.11
33.68
59.35
-62.67
-62.26
2.30
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income
Earning Before Tax
Net Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
II Tahun 2007
DNRK02
DNRK03A
2.
3.
4.
500,000
III Tahun 2008 Seri A
DNRK03B
120,000
III Tahun 2008 Seri B
DNRK03C
Listing
Date
Outstanding
(Rp Million)
130,000
III Tahun 2008 Seri C
250,000
26-Sep-07
23-Jun-08
23-Jun-08
23-Jun-08
Maturity
Date
25-Sep-12
20-Jun-10
20-Jun-11
20-Jun-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
2 Years
3 Years
5 Years
Rating
Fixed: 10.875%
25-Dec-07
25-Mar-08
25-Jun-08
25-Sep-08
idA
Fixed: 12.50%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
Fixed: 13.00%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
Fixed: 13.50%
20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09
idA
TRADING HIGHLIGHT
DNRK02
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 4.329
-
Last
Date
High
Low
-
Q4
Q1
Q2
10.009
14-Dec
10.009
9.942
9.942
3.01
2.4%
9.785
05-Mar
9.899
9.785
9.785
19.30
15.4%
9.645
12-Jun
9.645
9.645
9.645
2.11
1.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
DNRK03A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
10.724
24-Jun
10.724
10.724
10.724
4.00
13.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
133
DNRK03B
No Transaction in Q2 2008
DNRK03C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
0.50
12.5
0.40
10.0
0.30
7.5
0.20
5.0
0.10
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
11.405
24-Jun
11.405
11.405
11.405
0.15
0.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
DNRK02
Low
High
9.942
10.009
% of Total
Turnover
Ratio
(%)
3.0
0.006
0.60%
3.0
0.006
TRADING VOLUME
(Billion Rp)
9.942
TOTAL
Modified
Duration (Yrs)
End of Year
4.329
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
DNRK02 - 3
500
Outstanding
-
134
50
100
150
200
250
-300
350
400
450
500
550
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
135
DUTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
DUTA PERTIWI TBK
:
:
:
:
:
ADDRESS
ITC Mangga Dua 7th & 8th Fl.
Jl. Mangga Dua Raya, Jakarta - 14430
Phone : (021) 601-9788
Fax : (021) 601-8555, 601-7039
idBBB
Property & Real Estate
http://www.simasred.com
Feniyati Tenggara
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Initially PT Duta Pertiwi Tbk (DUTI) was set up as contractor and since
1987 began its involvement in property development as developer and
property owner. Numbers of prestigious projects with various development
i.e. housing, commercial superblock, office building, apartment and hotel
has been successfully developed by the company and its subsidiaries as
well as its associate companies.
Although most projects developed are located in Jakarta, DUTI has
started to develop projects in Jabodetabek, and even in other some big
cities of Indonesia such as Balikpapan and Surabaya. Projects developed
are strategically and well located either in the CBD area or within the
outer ring road with easy or direct access to the highway road.
Some of prestigious projects developed are: Mangga Dua Superblock,
Roxy Mas Superblock, Cempaka Mas Superblock, Ambasador Kuningan
Superblock, Fatmawati Mas Superblock, Mangga Dua Surabaya Superblock, Permata Hijau Superblock, ITC Depok, ITC Surabaya, Taman
Duta Mas, Banjar Wijaya, Taman Permata Buana, Kota Bunga, Legenda
Wisata, Kota Wisata and Grand Wisata. As well as hotel Le Grandeur
Mangga Dua in Jakarta and Le Grandeur Balikpapan in East Kalimantan
and Plaza BII office building.
DUTI was listed in stock exchange since November 1994.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
289,218
65,235
1,332,052
489,268
186,507
250
4,518,811
21,757
2,441,388
426,151
1,000,000
693,750
1,388
500
815,471
1,651,273
487,264
41,937
1,115,924
457,580
241,725
250
4,513,454
11,723
2,341,874
459,929
1,000,000
693,750
1,388
500
874,410
1,711,652
68.48
-35.71
-16.23
-6.48
29.61
-0.12
-46.12
-4.08
7.93
7.23
3.66
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,101,411
570,483
530,928
421,026
109,901
36,248
137,969
25,656
-39,370
72,943
1,274,546
675,460
599,086
449,208
149,877
-13,012
131,761
32,281
-40,542
58,938
15.72
18.40
12.84
6.69
36.37
N/A
-4.50
25.83
-2.98
-19.20
1.48
1.61
6.62
9.98
1.37
1.31
4.62
11.76
-7.46
-19.10
-30.18
17.85
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
136
Code
Series Name
DUTI04XXBFTW
Amortisasi IV Tahun
2003
DUTI05
V Tahun 2007
Outstanding
(Rp Million)
300,000
500,000
Listing
Date
17-Jul-03
12-Jul-07
Maturity
Date
10-Jul-08
11-Jul-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 15.675%
10-Jan-07
10-Apr-07
10-Jul-07
10-Oct-07
idBBB
Fixed: 12.85%
11-Oct-07
11-Jan-08
11-Apr-08
11-Jul-08
idBBB
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
DUTI04XXBFTW
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
12.177 11.956 11.928
27-Mar 25-Jun 18-Sep
12.211 12.983 11.932
11.784 11.606 11.539
12.012 11.958 11.616
WA1
67.16
97.16 119.54
Volume2
89.5% 129.6% 159.4%
Turnover3
Modified Duration (Yrs): 4.143
Last
Date
High
Low
Q4
Q1
Q2
11.787
19-Dec
12.066
11.703
12.044
27.69
36.9%
11.431
28-Mar
11.441
11.075
11.426
27.55
36.7%
3.496
19-Jun
3.496
3.241
3.496
11.69
15.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
DUTI05
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
Q4
N/A
N/A 10.321 10.483
N/A 28-Sep 28-Dec
N/A
N/A
N/A 10.364 10.499
N/A
N/A 10.206 10.321
1
N/A
10.279 10.368
N/A
WA
N/A
N/A 228.68 181.11
Volume2
N/A
N/A 182.9% 144.9%
Turnover3
Modified Duration (Yrs): 3.871
Last
Date
High
Low
Q1
Q2
10.358
17-Jan
10.475
10.343
10.460
43.01
34.4%
10.468
30-Jun
10.468
9.928
10.321
100.95
80.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
2.
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
312
0.60
103.85%
4.143
410
0.79
81.96%
3.871
TRADING VOLUME
(Billion Rp)
Low
High
DUTI04XXBFTW
11.539
12.983
12.044
DUTI05
10.206
10.499
10.368
721
1.39
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
DUTI04XXBFTW
Q2-2007
67
Q3-2007
97
Outstanding
120
--
229
181
--
500
Outstanding
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
28
300
DUTI05 -
Q4-2007
S T O C K
E X C H A N G E
150
200
250
300
350
400
450
500
550
137
ELTY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BAKRIELAND DEVELOPMENT TBK
:
:
:
:
:
ADDRESS
Wisma Bakrie I, 6th & 7th Fl.
Jl. HR Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 525-7835
Fax : (021) 522-5063
idBBB+
Property & Real Estate
http://www.bakrieland.com
Nuzirman Nurdin
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bakrieland Development Tbk is an integrated property developer and
publicly-listed company at BEI (code: ELTY). Bakrieland develops city
property, landed residential, world-class hotel & resort and also engaged
in Infrastructure and property-related business.
We are the first and the largest superblock developer in Jakarta’s central
business district area. Among major City Property projects of Bakrieland
are:
• Rasuna Epicentrum, the first and largest superblock in CBD area,
on a location of 53.5 ha
• Wisma Bakrie 1
• Wisma Bakrie 2
Unit Landed Residential covers:
• Bogor Nirwana Residence, Bogor
• Ijen Nirwana Residence, Malang
• Batam Nirwana Residence, Batam
Unit Hotel & Resort include:
• Legian Nirwana Suites, Bali
• Ubud Nirwana Villas, Bali
• Bali Nirwana Resort, Bali
• Balikpapan Nirwana Suites & Residences, Balikpapan
• Krakatoa Nirwana Resort, Lampung
We have posted a very strong financial performance over the years.
Among the publicly-listed property companies in Indonesia, Bakrieland
is one of the largest market capitalization. With the company’s healthy
financial position, diversified property portfolio and huge land bank, we
will continue to accelerate our growth and strengthen project development
in the years to come.
A number of awards that have been received by Bakrieland;
• Developer of the Year (Property & Bank Awards 2008)
• The Best Listed Company in Property & Real estate (Bisnis
Indonesia Awards 2008)
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
32,637
177,023
1,323,985
62,042
637,822
27,993
2,395,677
138,685
1,036,383
40,464
2,800,000
1,120,000
5,600
500 & 100
-15,283
1,318,830
1,042,876 3,095.37
201.34
533,447
1,601,916
20.99
146,346
135.88
701,186
9.93
138,547
394.93
5,708,016
138.26
220,022
58.65
1,508,297
45.53
66,888
65.30
2,800,000
2,522,189
125.20
19,622
250.39
500 & 100
47,472
N/A
4,132,832
213.37
Change %
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
393,232
226,043
167,189
94,988
72,201
7,145
79,346
8,978
-2,760
67,609
782,106
98.89
103.93
460,963
92.08
321,142
58.58
150,634
136.16
170,508
802.49
64,487
234,995
196.16
110,142 1,126.78
-4,209
-52.52
134,185
98.47
FINANCIAL RATIOS
0.79
2.82
17.19
18.36
DER (X)
ROA (%)
NPM (%)
OPM (%)
0.36
2.35
17.16
21.80
-53.56
-16.70
-0.21
18.74
AS OF JUNE 2008
No.
1.
2.
138
Code
ELTY01A
ELTY01B
Series Name
Tahun 2008 Seri A
Tahun 2008 Seri B
Outstanding
(Rp Million)
220,000
280,000
Listing
Date
12-Mar-08
12-Mar-08
Maturity
Date
11-Mar-11
11-Mar-13
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 Years
Rating
Fixed: 11.90%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idBBB+
Fixed: 12.85%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
ELTY01A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.357
9.441
24-Mar 16-Jun
9.368
9.765
9.357
9.349
9.367
9.551
24.50
83.12
44.5% 151.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ELTY01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.886
18-Mar
9.886
9.873
9.880
2.00
2.9%
9.832
10-Apr
9.834
9.832
9.832
20.40
29.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
139
EXCL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
EXCELCOMINDO PRATAMA TBK
:
:
:
:
:
ADDRESS
Grha XL, Jl. Mega Kuningan Lot. E 4-7 No. 1
Jakarta - 12950
Phone : (021) 576-1881
Fax : (021) 576-1880
idAATelecommunications
http://www.xl.co.id
Ike Andriani
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
Excelcomindo Pratama, Tbk. (“XL”) was established on October 6th
1989 under the name of PT Grahametropolitan Lestari concentrating on
trading and general services.
In 1995, along with cooperation with the Rajawali Group, PT Grahametropolitan Lestari changed its name to PT Excelcomindo Pratama and
changed its main business to basic telephony service.
In 1996, XL got its license on GSM service operation and began to
operate commercially focusing at Jakarta, Bandung and Surabaya and
further has been expanded its network and service to cover throughout
Indonesia. XL launched its 3G service in September 2006.
Listed on the Indonesia Stock Exchange (previously known as the
Jakarta Stock Exchange) since 2005, XL is majority held by TM
International Berhad through Indocel Holding Sdn Bhd and Emirates
Telecommunications Corporation (Etisalat) through Etisalat International
Indonesia Ltd.
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
37.23
49.25
66.66
41.90
51.12
22.28
48.99
215.05
16.13
71.89
N/A
20.85
4.29
587,176
805,769
208,072
310,554
35,377
58,960
1,183,404 1,679,309
10,462,010 15,810,223
991,162 1,212,012
12,636,576 18,827,267
2,342,362 7,379,536
6,013,019 6,982,925
8,355,381 14,362,461
2,265,000 2,265,000
709,000
709,000
7,090
7,090
100
100
880,510 1,064,122
4,281,194 4,464,806
4,681,675 6,459,770
37.98
3,653,813 4,699,988
28.63
1,027,861 1,759,782
71.21
3,653,813 4,699,988
28.63
1,027,861 1,759,782
71.21
-25,439 -1,241,751 -4,781.28
1,002,422
518,031
-48.32
-23.76
350,539
267,251
N/A
-61.53
651,883
250,780
1.95
5.16
13.92
21.95
3.22
1.33
3.88
27.24
64.83
-74.18
-72.12
24.08
AS OF JUNE 2008
No.
1.
140
Code
EXCL02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
1,500,000
Listing
Date
27-Apr-07
Maturity
Date
26-Apr-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.35%
26-Jul-07
26-Oct-07
26-Jan-08
26-Apr-08
Rating
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
EXCL02
Trading Volume
(Rp Billion)
1,250
12.5
1,000
10.0
750
7.5
500
5.0
250
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
N/A
7.473
7.898
N/A 25-Jun 27-Sep
N/A
7.924
7.924
N/A
7.864
7.428
N/A
7.896
7.886
WA1
N/A 1138.59 555.40
Volume2
N/A 303.6% 148.1%
Turnover3
Modified Duration (Yrs): 7.069
Last
Date
High
Low
Q4
Q1
Q2
7.895
27-Dec
8.028
7.885
7.903
277.61
74.0%
7.788
27-Mar
7.956
7.788
7.788
152.83
40.8%
7.940
25-Jun
7.942
7.691
7.941
50.51
13.5%
1
0
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
EXCL02
Low
High
7.428
7.903
8.028
TOTAL
% of Total
Turnover
Ratio
(%)
1,972
3.80
131.44%
1,972
3.80
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
7.069
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
EXCL02 -
Q2-2007
Q3-2007
Q4-2007
1,139
Outstanding
555
1,500
Outstanding
-
200
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
600
800
278
--
1,000
1,200
1,400
1,600
1,800
2,000
141
FIFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
FEDERAL INTERNATIONAL FINANCE
:
:
:
:
:
idAAFinancial Institution
http://www.fifkredit.com
Arie Susanty
Bank Mandiri (Persero) Tbk
PROFILE
PT Federal International Finance (FIF) domiciles in Jakarta, was founded
in 1989 under the name of PT Mitrapusaka Artha Finance based on
corporation Act No I, dated May 1, 1989, and have been altered based
on the changing of corporation Act No 40, dated June 26, 1989.
FIF obtained business license in the field of consumer financing from
Minister of Finance of Indonesia Republic based on Minister of Finance’s
Decree No 1151/KMK.013/1989 dated October 17, 1989, and obtained
additional license No: 1004/KMK.013/1990 dated August 30, 1990 for
leasing and factoring.
With the vision to offer the best financial solution to retail customer, FIF
focus es to do financing services in several products :
1. New Honda motorcycle financing
2. Used motorcycle financing
3. Multi-Product financing
As one of the biggest retail consumer financing company, as of December
31, 2007 FIF has a strong network consisting of 109 branch offices and
276 Point of Services (POS) in 33 provinces.
Subsequently to enrich the performance, numerous breakthrough has
been accomplished in 2007 and the results have provoked positive
achievement for the company. FIF has been able to boost its collectability and operational efficiency. It was demonstrated by the decrease of
total loss from Rp. 1,227.8 billion to Rp. 982.6 billion and the significant
increase of net profit from Rp. 341 billion to Rp. 410 billion in 2007. Also
the increment of ROE from 20% in 2006 to 21% in 2007.
As the subsidiary of Astra, to ensure the Environment, Health and Work
Safety within the company, FIF referred to the Astra Green Company
(AGC) Throughout 2007, based on the AGC guidelines, 5 of FIF
branches were awarded gold status from Audit Joint Certification PT
Astra International, Tbk and AFAQ.
To support Corporate Social Responsibilities activities, FIF reffered to a
standardized tool named Astra Friendly Company (AFC). FIF has alloted
an adequate amount of budget for social responsibilities activities,
such as: scholarships, school and libraries renovation, environmental
welfare, hygienic facilities, road improvements, and natural disaster
reinforcement.
142
ADDRESS
AMDI-B Building
Jl. Gaya Motor Raya No. 8 Sunter II, Jakarta - 14330
Phone : (021) 6530-0627, 6530-0628
Fax : (021) 653-00707
FINANCIAL HIGHLIGHT
Million Rp except Par Value
Dec-2006
Dec-2007
471,958
Cash & Cash Equivalents
332,591
Other Recievables
Consumer Financing
9,149,909
Receivables
Prepaid Expenses and
44,047
Taxes
Fixed Assets
123,485
Other Assets
21,679
Total Assets
10,488,285
Fund Borrowings
6,580,898
Taxes Payable
43,978
Total Liabilities
8,819,507
300
Authorized Capital (Shares
Authorized Capital
300,000
Paid up Capital
280,000
Paid up Capital (Shares)
280
Par Value
1,000
Retained Earnings
1,388,778
Total Equity
1,668,778
308,351
289,438
-34.67
-12.97
7,792,739
-14.83
58,555
140,741
23,270
9,059,098
4,946,253
162,770
7,127,963
300
300,000
280,000
280
1,000
1,651,135
1,931,135
32.94
13.97
7.34
-13.63
-24.84
270.12
-19.18
18.89
15.72
4,442,601
3,965,344
477,257
4,298,230
3,690,320
607,910
-3.25
-6.94
N/A
27.38
136,360
340,897
197,734
410,176
45.01
20.32
5.29
3.25
7.67
10.74
3.69
4.53
9.54
14.14
-30.16
39.30
24.36
31.65
BALANCE SHEETS
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
VI Tahun 2006 Seri C
FIFA06C
Listing
Date
Outstanding
(Rp Million)
300,000
24-Apr-06
Maturity
Date
21-Apr-09
36 Months
Coupon
Payment
Date
Coupon
Structure
Issue
Term
Rating
Fixed: 14.75%
21-Jan-07
21-Apr-07
21-Jul-07
21-Oct-07
idAA-
idAA-
2.
FIFA07B
VII Tahun 2007 Seri B
75,000
03-May-07
02-May-09
24 Months
Fixed: 10.00%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
3.
FIFA07C
VII Tahun 2007 Seri C
300,000
03-May-07
02-May-10
36 Months
Fixed: 10.50%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
idAA-
Fixed: 10.75%
02-Aug-07
02-Nov-07
02-Feb-08
02-May-08
idAA-
Fixed: 11.125%
18-Aug-08
18-Nov-08
18-Feb-09
18-May-09
idAA-
Fixed: 12.125%
13-Aug-08
13-Nov-08
13-Feb-09
13-May-09
idAA-
Fixed: 12.625%
13-Aug-08
13-Nov-08
13-Feb-09
13-May-09
idAA-
4.
FIFA07D
5.
VII Tahun 2007 Seri D
FIFA08A
6.
VIII Tahun 2008 Seri A
FIFA08B
7.
VIII Tahun 2008 Seri B
FIFA08C
VIII Tahun 2008 Seri C
350,000
600,000
190,000
360,000
03-May-07
14-May-08
14-May-08
14-May-08
02-May-11
18-May-09
13-May-10
13-May-11
48 Months
370 hari
2 Tahun
3 Tahun
TRADING HIGHLIGHT
FIFA06C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1
Q2
Q3
9.765
10.371 10.155
27-Mar 25-Jun 20-Sep
11.576 11.256 10.496
9.686
9.771
9.695
9.788
9.822
9.887
WA1
52.36
59.33 198.16
Volume2
69.8% 79.1% 264.2%
Turnover3
Modified Duration (Yrs): 4.947
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q4
Q1
Q2
10.231 10.637
9.922
27-Dec 14-Mar 11-Jun
10.404 10.637 10.051
9.717
9.800
9.871
9.837 10.637 10.028
64.30
81.87 195.98
85.7% 109.2% 261.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
143
FIFA07B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
7.610
7.579
N/A
7.650
N/A 26-Jun 31-Aug 10-Dec
7.596
7.650
N/A
7.610
7.597
7.528
7.583
N/A
1
7.528
7.583
N/A
7.607
WA
2
N/A
207.23
33.79
22.01
Volume
N/A 1105.2% 180.2% 117.4%
Turnover3
Modified Duration (Yrs): 9.551
Last
Date
High
Low
Q1
Q2
7.615
7.563
19-Mar 05-May
7.615
7.615
7.608
7.495
7.608
7.495
15.01
31.05
80.0% 165.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FIFA07C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
175
12.5
140
10.0
105
7.5
70
5.0
35
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
N/A
7.858
7.835
7.878
N/A 04-Jun 13-Sep 22-Nov
7.853
7.878
N/A
7.858
7.828
7.833
7.830
N/A
N/A
7.858
7.834
7.847
WA1
N/A 153.09 113.40 123.73
Volume2
N/A 204.1% 151.2% 165.0%
Turnover3
Modified Duration (Yrs): 9.970
Last
Date
High
Low
Q1
Q2
7.871
27-Mar
7.871
7.759
7.871
15.15
20.2%
7.832
11-Apr
7.833
7.810
7.832
39.22
52.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
FIFA07D
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
350
12.5
280
10.0
210
7.5
140
5.0
70
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
7.978
7.943
N/A 26-Jun 25-Sep
N/A
8.328
7.978
N/A
7.927
7.887
1
N/A
7.978
7.947
WA
N/A 204.29 325.62
Volume2
N/A 233.5% 372.1%
Turnover3
Modified Duration (Yrs): 9.596
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.954
7.918
7.970
29-Nov 17-Mar 23-Jun
7.963
7.962
8.819
7.933
7.905
7.921
7.963
7.918
7.970
83.15 104.21 156.60
95.0% 119.1% 179.0%
1
-
-
Q1-07
144
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
FIFA08A
Trading Volume
(Rp Billion)
1,000
12.5
800
10.0
600
7.5
400
5.0
200
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
8.094
N/A
N/A 20-Jun
8.099
N/A
N/A
8.077
8.078
N/A
N/A 810.27
N/A 540.2%
1
0
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
FIFA08B
No Transaction in Q2 2008
FIFA08C
No Transaction in Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
FIFA06C
Low
High
9.686
11.576
9.837
% of Total
Turnover
Ratio
(%)
0.72
124.72%
TRADING VOLUME
(Billion Rp)
374
Modified
Duration (Yrs)
End of Year
4.947
2.
FIFA07B
7.528
7.650
7.583
263
0.51
350.70%
9.551
3.
FIFA07C
7.828
7.878
7.847
390
0.75
130.07%
9.970
4.
FIFA07D
7.887
8.328
7.963
613
1.18
175.16%
9.596
1,640
3.16
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
52
FIFA06C
Q2-2007
59
Q3-2007
198
FIFA07B -
-
207
75
Outstanding
FIFA07C -
34
22
-
153
113
124
-
300
Outstanding
FIFA07D -
204
326
350
Outstanding
-
65
130
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
64
300
Outstanding
Q4-2007
S T O C K
E X C H A N G E
83
195
260
325
390
455
520
585
650
145
FREN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
MOBILE-8 TELECOM TBK
:
:
:
:
:
ADDRESS
Menara Kebon Sirih 18th Fl.
Jl. Kebon Sirih Kav. 17 - 19, Jakarta - 10340
Phone : (021) 392-0218
Fax : (021) 392-0219
idBBB+
Telecommunication
http://www.mobile-8.com
Chris Taufik
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Mobile-8 Telecom Tbk (“Mobile-8” or “the Company”) was established
in December 2002, and majority owned by PT Global Mediacom Tbk, the
holding company of a leading media group in Indonesia which owns and
manages an extensive library of local and foreign content.
Mobile-8 operates in the 800 MHz spectrum on the CDMA2000 1X
platform and provides mobile cellular services with “Fren” brand name,
fixed wireless services with “Hepi” brand name and VoIP services with
number code 01068. Coverage area of Fren includes big cities such as
Medan, Palembang, Banjarmasin, Makasar, Bali, Lampung and Batam
as well as reached almost all big and small cities and villages in Java,
For Hepi, the coverage has reached Jakarta, Bandung, Surabaya,
Semarang, Banjarmasin, Medan, Bogor, Malang and Denpasar. It is also
provides data services with EV-DO technology.
Mobile-8 achieved Best CDMA Operator Award, Best CDMA Prepaid
Award, and third place for Best Contact Center Award
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
859,881
37,884
11,462
1,069,830
1,452,416
8,120
3,040,817
499,253
950,451
1,449,703
738
6,000,000
1,958,536
19,585
100
-852,608
1,590,376
852,669
-0.84
-26.80
27,732
173,526 1,413.88
1,474,706
37.84
2,650,484
82.49
9,838
21.16
4,536,744
49.19
345,491
-30.80
2,395,067
151.99
2,740,557
89.04
-100.00
6,000,000
2,023,587
3.32
20,236
3.32
100
-802,780
5.84
1,796,186
12.94
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
588,641
559,510
29,132
559,510
29,132
55,537
84,668
50,029
517
35,157
882,545
715,007
167,539
715,007
167,539
-110,697
56,842
6,496
50,345
49.93
27.79
475.11
27.79
475.11
N/A
-32.87
-87.01
-100.00
43.20
0.91
1.16
5.97
4.95
1.53
1.11
5.70
18.98
67.38
-4.02
-4.49
283.59
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
146
Code
FREN01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
675,000
Listing
Date
16-Mar-07
Maturity
Date
15-Mar-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.375%
15-Jun-07
15-Sep-07
15-Dec-07
15-Mar-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
FREN01
Trading Volume
(Rp Billion)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q4
Q3
9.884
9.963
9.976 10.025
03-Mar 28-Jun 27-Sep 28-Dec
11.208 10.894 10.112 10.121
9.957
9.884
9.895
9.899
9.912 10.030 10.031
9.974
WA1
241.29 710.22 264.31 183.31
Volume2
143.0% 420.9% 156.6% 108.6%
Turnover3
Modified Duration (Yrs): 8.752
Last
Date
High
Low
Q1
Q2
9.954
24-Mar
10.023
9.917
9.931
88.03
52.2%
10.219
26-Jun
10.222
9.957
10.049
97.32
57.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
FREN01
Low
9.884
High
Weighted Avg.
Executed
Yield (%)
9.974
11.208
TOTAL
% of Total
Turnover
Ratio
(%)
1,399
2.70
207.28%
1,399
2.70
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
8.752
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
241
FREN01
Q3-2007
710
675
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Q4-2007
E X C H A N G E
Outstanding
264
183
-450
600
750
900
1,050
1,200
1,350
1,500
147
HITS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
HUMPUSS INTERMODA TRANSPORTASI TBK
:
:
:
:
:
ADDRESS
Granadi Building 8th Fl.
Jl. H.R. Rasuna Said Kav. X-1 No. 8-9 Jakarta 12950
Phone : (021) 252-4114
Fax : -
A1.id
Transportation
http://www.hits.co.id/
Sapto Basuki
Bank Permata Tbk
PROFILE
FINANCIAL HIGHLIGHT
PT Humpuss Intermoda Transportasi Tbk is an Indonesia-based sea
transport company. The Company is engaged in sea transportation
and related activities, which involve transporting methanol, liquefied
natural gas, crude oil, fuel and other sea cargoes. It also provides vessel
crews and management services to vessel owners. The Company’s
subsidiaries include Humpuss Sea Transport Pte.Lte., which principal
activity is time chartering of vessels; PT Humpuss Transportasi Kimia,
which principal activity is vessel chartering on a spot basis, and PT
Humpuss Transportasi Curah, which principal activity is international and
domestic sea transportation. The Company is headquartered in Jakarta,
Indonesia.
The Company’s vision is to be the regional leader in industrial liquid and
dry cargo sea supply chain solution. The Company focuses on servicing
beyond customer satisfaction by offering an integrated shipping
solution services supported by first class vessels, crews, systems
and managements. Safety, Quality and Reliability are the Company’s
values.
The Company offered its 74 millions of shares through Initial Public
Offering effectively declared on November 24th, 1997 and listed at
the Jakarta Stock Exchange on December 15th in the same year. In
2004 the company offered bonds up to 350 billions IDR through Initial
Public Offering, effectively declared on December 10th, and listed at
Surabaya Stock Exchange on December 20th. This company has been
the first Indonesian company awarded the Certificate of International
Safety Management (ISM) for safety management system on vessel’s
operator.
As its commitment to professionalism with priority on safety and
reliability, the Company has obtained ISO 9001:2000 certificates for
vessel operational management, manning, and ship agency.
Up to the present, the company keeps on exploring and expanding
its business in shipping industry, improving its service quality, and
upgrading the ship and crew management expertise as well. By having
the new professional management, the Company concentrates on 8
business sectors: Gas Transportation, Oil Transportation, Chemical
Transportation, Industrial Coal Supply Chain, Dry Bulk Transportation,
Crew Management Services, Ship Agency Services, and Technical Ship
Management. They are all integrated as the first-rate solution to answer
regional and global market needs of shipping transportation.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
85,161
50,755
7,000
299,260
1,513,555
2,014,766
332,846
551,022
883,868
28,261
300,000
225,000
2,250
100
1,309,249
1,102,637
246,052
58,232
8,235
513,257
1,255,311
20,199
2,048,315
270,743
387,716
658,459
29,627
300,000
225,000
4,500
50
1,507,350
1,360,229
188.93
14.73
17.64
71.51
-17.06
N/A
1.67
-18.66
-29.64
-25.50
4.83
100.00
-50.00
15.13
23.36
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
846,745
550,141
296,604
72,333
224,271
-42,858
181,414
21,068
-9,679
150,667
780,041
492,773
287,267
87,281
199,987
63,548
263,535
13,889
-9,638
240,008
-7.88
-10.43
-3.15
20.67
-10.83
N/A
45.27
-34.08
0.42
59.30
0.80
7.48
17.79
26.49
0.48
11.72
30.77
25.64
-39.61
56.69
72.92
-3.20
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
148
Code
Series Name
HITS01B
I Tahun 2004 Seri B
HITS01C
Syari'ah Ijarah I Tahun
2004
Outstanding
(Rp Million)
80,500
92,000
Listing
Date
20-Dec-04
20-Dec-04
Maturity
Date
17-Dec-09
17-Dec-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 14.00%
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
A1.id
Ijarah Fee
Rp17,080,000,000 p.a
17-Mar-07
17-Jun-07
17-Sep-07
17-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
HITS01B
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.853 10.869
21-Mar 26-Jun
12.171 11.657
10.842 10.670
10.873 10.974
WA1
35.46
54.32
Volume2
176.2% 269.9%
Turnover3
Modified Duration (Yrs): 2.237
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
10.842
06-Sep
10.979
10.842
10.842
8.39
41.7%
10.882 10.779 10.943
14-Dec 27-Feb 27-May
10.882 10.782 10.943
10.704 10.704 10.943
10.737 10.781 10.943
8.38
20.51
1.04
41.7% 101.9%
5.2%
Q1
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
HITS01C
Trading Volume
(Rp Billion)
30.0
15.0
24.0
12.0
18.0
9.0
12.0
6.0
6.0
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q1-Q2 2008
Q3
Q2
13.754 13.541 13.709
29-Mar 29-Jun 18-Sep
13.754 13.881 13.831
13.457 13.541 13.281
1
13.754
13.881 13.645
WA
4.97
11.74
27.23
Volume2
21.6% 51.0% 118.4%
Turnover3
Modified Duration (Yrs): 6.414
Last
Date
High
Low
Q4
Q1
Q2
13.693
28-Dec
13.693
13.185
13.317
6.00
26.1%
13.244
24-Mar
13.317
13.244
13.244
7.44
32.4%
13.975
04-Jun
13.975
13.315
13.315
8.08
35.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
HITS01B
10.670
12.171
10.737
107
0.21
132.36%
2.237
2.
HITS01C
13.185
13.881
13.317
50
0.10
54.28%
6.414
156
0.30
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
HITS01B
Q2-2007
Q3-2007
35
Q4-2007
54
Outstanding
8
5
12
27
6
--
92
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
8
--
81
HITS01C
Outstanding
40
50
60
70
80
90
100
110
149
HMSP HANJAYA MANDALA SAMPOERNA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Rungkut Industri Raya 18
Surabaya - 60293
Phone : (031) 843-1699, 843-0986
Fax : (031) 843-0986
idAAA
Tobacco Manufacturers
http://www.sampoerna.com/
Suartini Harintho
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Hanjaya Mandala Sampoerna Tbk. (Sampoerna) was established in
1963 with the primary activity of manufacturing and marketing kretek
cigarettes. The history of HM Sampoerna and its current stature as one
of the biggest cigarette manufacturers in Indonesia are inseparable from
the history of its founder, Lim Seeng Tee, who began his business in
1913 producing and selling hand rolled clove cigarettes. Dji Sam Soe,
Sampoerna A Mild and Sampoerna A Hijau are Sampoerna’s main
brands. Since 2005 Sampoerna through its wholly owned subsidiary,
PT Panamas was appointed distributor for Marlboro, the leading
international cigarette brand produced by PT Philip Morris Indonesia.
Sampoerna’s significant subsidiaries include PT Handal Logistik
Nusantara (expedition and warehousing), PT Perusahaan Dagang dan
Industri Panamas (cigarette distribution), PT Asia Tembakau (cigarette
manufacturing and trading), and PT Sampoerna Printpack (printing and
packaging). Sampoerna also produces and distributes clove cigarettes
outside Indonesia through license and distribution agreements with
Philip Morris International or its affiliates and through PT Sampoerna
Joo Lan Sdn. Bhd. for the Malaysian market.
The Company is domiciled and has its headquarters in Surabaya. It
employs approximately 29,500 people and has factories located in
Surabaya, Pandaan, Malang, and Karawang. It also has agreements
with a number of third parties, called Third Party Operators to produce
hand rolled cigarettes.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,005,445
557,239
399,011
991,638
7,432,208 8,929,824
9,432,332 11,056,457
2,390,868 3,522,336
171,062
190,998
12,659,804 15,680,542
5,612,677 6,212,685
1,260,422 1,401,703
6,873,099 7,614,388
92,765
2,612
630,000
630,000
438,300
438,300
4,383
4,383
100
100
4,657,517 6,988,550
5,693,940 8,063,542
-44.58
148.52
20.15
17.22
47.32
11.65
23.86
10.69
11.21
10.79
-97.18
50.05
41.62
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
29,545,083 29,787,725
21,092,522 21,005,260
8,452,561 8,782,465
3,277,279 3,205,187
5,175,282 5,577,278
165,388
-232,275
5,344,895 5,345,073
1,787,404 1,712,231
-27,001
-8,824
3,530,490 3,624,018
0.82
-0.41
3.90
-2.20
7.77
N/A
0.00
-4.21
67.32
2.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1.21
27.89
11.95
17.52
0.94
23.11
12.17
18.72
-21.77
-17.13
1.81
6.89
AS OF JUNE 2008
No.
1.
150
Code
HMSP03
Series Name
III Tahun 2004
Outstanding
(Rp Million)
1,000,000
Listing
Date
27-Oct-04
Maturity
Date
26-Oct-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.75%
26-Jan-07
26-Apr-07
26-Jul-07
26-Oct-07
Rating
idAAA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
HMSP03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
300
10.0
240
8.0
180
6.0
120
4.0
60
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
8.079
8.052
8.025
23-Mar 29-Jun 25-Sep
8.160
8.206
8.579
8.058
7.994
8.002
8.066
8.112
7.994
WA1
220.05
95.11 261.06
Volume2
88.0% 38.0% 104.4%
Turnover3
Modified Duration (Yrs): 8.414
Last
Date
High
Low
Q4
Q1
Q2
8.047
13-Dec
8.132
8.029
8.094
41.67
16.7%
8.072
22-Feb
8.088
8.064
8.088
34.55
13.8%
8.145
24-Jun
8.161
8.040
8.145
84.34
33.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
HMSP03
Low
High
7.994
% of Total
618
1.19
61.79%
618
1.19
(Billion Rp)
8.094
8.579
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.414
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
220
HMSP03
Q2-2007
95
Q3-2007
261
Q4-2007
Outstanding
42
1,000
Outstanding
-
100
200
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
400
500
-600
700
800
900
1,000
1,100
151
IATG
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INFOASIA TEKNOLOGI GLOBAL TBK
:
:
:
:
:
ADDRESS
Menara Thamrin 15th Fl.
Jl. MH Thamrin Kav. 3 Jakarta - 10250
Phone : (021) 398-30150
Fax : (021) 398-30165
Ba2.id
Telecommunication
http://www.infoasia.com
Priska Emerentiana Erjani
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT. Infoasia Teknologi Global Tbk was established in 1995. The company
is engaged Computer Hardware Distribution, Network Services and
System Integrator, Network Provider and Internet Services, ASP, TV
Cable and Telecommunication Services.
Vision: to integrate the future communication through innovative
technology. Mission: to become a gateway of Information Technology
and Telecommunications in the region by providing the most advanced
technology and cost-effective services for the full satisfaction of our
customers towards the next millennium.
The scope of company’s business activities could be included in 4 (four)
business activities :
1. Supplier or telecommunication network & service of data and
voice traffic wholeselling/refilling.
2. Supplier internet access, internet telephony and data communication services.
3. Distributor of computer hardware.
4. Supplier of Inmarsat satellite and Global Positioning System
(GPS) services
The company and its subsidiaries are :
1. PT Global Teknindo Infotama, engaged in the sales agent of
various computer hardware brands of big, medium and small
companies, as well as state own companies.
2. PT Sejahtera Globalindo, engaged in Internet Service Provider
(ISP) and Wireless Network, as well as content provider VoIP
operator.
3. Global Communication Inc., engaged in network provider and
data and voice traffic telecommunication services for Asia Pacific
countries.
4. Distribution Technology Inc., engaged in the trading of various
computer hardware and software in ASEAN region.
5. PT Gemilang Putri Nusantara, or known as Bali Interactive who
operates and own cable TV license as well as own last mile
backbone fiber optic in the whole Southern part of Bali Island.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
14,171
72,201
1,397
140,665
184,618
897
345,935
12,779
108,472
121,251
817
240,000
89,997
900
100
110,792
223,867
10,434
-26.37
68,506
-5.12
2,688
92.42
93,695
-33.39
192,566
4.31
14,645 1,532.38
383,107
10.75
69,547
444.24
64,278
-40.74
133,825
10.37
796
-2.66
240,000
89,997
900
100
125,708
13.46
11.00
248,486
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
366,939
295,955
70,983
41,641
29,343
-12,275
17,068
-66
47
17,180
-1.34
362,007
-2.79
287,705
4.68
74,302
-1.82
40,883
13.89
33,419
-70.45
-20,922
12,496
-26.78
-2,398 -3,559.53
-53.34
22
14,916
-13.17
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
0.54
4.97
4.68
8.00
0.54
3.89
4.12
9.23
-0.56
-21.60
-11.99
15.44
AS OF JUNE 2008
No.
1.
2.
152
Code
IATG01B
IATG01C
Series Name
I Tahun 2004 Seri B
I Tahun 2004 Seri C
Outstanding
(Rp Million)
10,000
65,000
Listing
Date
28-Dec-04
28-Dec-04
Maturity
Date
23-Dec-08
23-Dec-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
4 Years
5 Years
Rating
Fixed: 13.30%
23-Mar-07
23-Jun-07
23-Sep-07
23-Dec-07
Ba2.id
Fixed: 13.75%
23-Mar-07
23-Jun-07
23-Sep-07
23-Dec-07
Ba2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IATG01B
Trading Volume
(Rp Billion)
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
-
11.756
- 11-May
- 11.756
- 11.756
- 11.756
WA1
2.00
Volume2
80.0%
Turnover3
Modified Duration (Yrs): 7.729
Last
Date
High
Low
Q3
Q4
Q1
Q2
11.855 11.587 12.194 11.656
21-Sep 27-Dec 19-Mar 27-Jun
11.855 11.682 12.194 12.355
11.855 11.587 12.151 11.656
11.855 11.681 12.184 12.146
1.98
7.95
11.28
11.57
79.2% 318.1% 451.2% 462.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
IATG01C
Trading Volume
(Rp Billion)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
12.030 12.285 12.218
23-Mar 12-Jun 21-Sep
13.074 12.285 12.218
12.030 12.090 12.036
1
12.030 12.218 12.218
WA
62.36
33.59
63.22
Volume2
383.8% 206.7% 389.0%
Turnover3
Modified Duration (Yrs): 7.441
Last
Date
High
Low
Q4
Q1
Q2
12.024
26-Dec
12.030
11.880
12.030
12.15
74.8%
11.810
21-Jan
12.005
11.810
11.810
5.98
36.8%
12.089
27-Jun
13.501
12.059
12.059
8.02
49.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
IATG01B
11.587
11.855
11.681
12
0.02
119.34%
7.729
2.
IATG01C
11.880
13.074
12.030
171
0.33
263.58%
7.441
183
0.35
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
IATG01B -
Q2-2007
Q3-2007
Q4-2007
Outstanding
8
10 --
Outstanding
62
IATG01C
34
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
12
--
65
Outstanding
63
E X C H A N G E
60
80
100
120
140
160
180
200
153
IDSR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOSIAR VISUAL MANDIRI
:
:
:
:
:
ADDRESS
Jl. Damai No. 11 Daan Mogot
Jakarta Barat - 11510
Phone : (021) 567-2222, 568-8888
Fax : (021) 560-7892
idBB+
Advertising, Printing & Media
http://www.indosiar.com
Andreas Ambesa
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Indosiar Visual Mandiri Tbk. was established on July 19, 1991,
located in Jakarta. The Company’s principal activity is the provision of
television-related activities including private TV broadcasting, advertising,
entertainment, information and import and export of TV materials. It
operates solely in the domestic market.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
7,268
152,601
414,418
638,983
655,155
28,286
1,305,189
386,925
704,985
1,091,910
1,000,000
497,291
1,989
250
-190,267
431,473
31,858
171,107
286,658
508,322
537,398
23,584
1,523,383
274,633
734,354
1,008,986
1,000,000
497,291
1,989
250
-325,537
296,203
338.37
12.13
-30.83
-20.45
-17.97
-16.62
16.72
-29.02
4.17
-7.59
N/A
-71.09
-31.35
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
607,849
846,985
-239,136
846,985
-239,136
-156,857
-395,992
-110,591
-285,401
608,344
666,692
-58,348
666,692
-58,348
-128,998
-187,345
-52,075
-135,270
0.08
-21.29
75.60
-21.29
75.60
17.76
52.69
52.91
N/A
52.60
2.53
-21.87
-46.95
-39.34
3.41
-8.88
-22.24
-9.59
34.61
59.39
52.64
75.62
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
154
Code
IDSR01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
696,207
Listing
Date
08-Aug-03
Maturity
Date
08-Aug-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.80%
08-Feb-07
08-May-07
08-Aug-07
08-Nov-07
Rating
idBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IDSR01XXBFTW
Trading Volume
(Rp Billion)
600
10.0
480
8.0
360
6.0
240
4.0
120
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
9.019
8.720
8.807
30-Mar 25-Jun 26-Sep
9.397
9.714
9.657
8.801
8.617
8.644
8.981
9.220
8.740
WA1
244.95 500.90 258.63
Volume2
140.7% 287.8% 148.6%
Turnover3
Modified Duration (Yrs): 6.776
Last
Date
High
Low
Q4
Q1
Q2
8.611
27-Dec
8.915
8.550
8.654
64.40
37.0%
4.636
8.219
26-Mar 25-Jun
8.451
4.636
8.183
4.348
8.220
4.470
143.54 218.37
82.5% 125.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
IDSR01XXBFTW
Low
8.550
High
Weighted Avg.
Executed
Yield (%)
8.654
9.714
TOTAL
% of Total
Turnover
Ratio
(%)
1,069
2.06
153.53%
1,069
2.06
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.776
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
245
IDSR01XXBFTW
Q4-2007
259
696
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
Outstanding
501
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
300
64
-400
500
600
700
800
900
1,000
1,100
155
IJPA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDO JASA PRATAMA
:
:
:
:
:
ADDRESS
Sudirman Park Blok C30
Jl. K.H. Mas Mansyur Kav. 35, Jakarta - 10220
Phone : (021) 5794-2440
Fax : (021) 5794-2441
Baa2.id
Financial Institution
Zaenal Abidin
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Change %
Dec-2006
Dec-2007
9,982
2,127
11,046
1,693
10.66
-20.40
127,956
108,591
-15.13
3,432
12,615
3,172
160,016
1,197
129,180
500
50,000
17,500
175
100
13,336
30,836
6,491
13,862
1,493
144,521
1,276
108,633
500
50,000
17,500
175
100
18,387
35,887
89.12
9.88
-52.95
-9.68
N/A
6.67
-15.91
37.88
16.38
46,487
40,350
6,137
59,062
51,879
7,182
27.05
28.57
N/A
17.04
Net Tax
Net Income
1,801
4,335
2,131
5,051
18.32
16.51
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
4.19
2.71
9.33
13.20
3.03
3.50
8.55
12.16
-27.74
29.01
-8.29
-7.88
BALANCE SHEETS
PT Indo Jasa Pratama Tbk was etablished on May 21, 2001, located in
Jakarta. The Company’s line of business is focusing on leasing, factoring,
credit card, and consumer financing. Regarding to the company’s
strategic plan, it’s line of business is concentrating on motorcycle
financing, car financing.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
AS OF JUNE 2008
No.
1.
156
Code
IJPA01XXBFTW
Series Name
Amortisasi I Tahun 2003
Outstanding
(Rp Million)
7,200
Listing
Date
07-Nov-03
Maturity
Date
06-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 15.00%
06-Feb-07
06-May-07
06-Aug-07
06-Nov-07
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
IJPA01XXBFTW
Trading Volume
(Rp Billion)
1.00
12.5
0.80
10.0
0.60
7.5
0.40
5.0
0.20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.070
-
Q1-Q2 2008
Q3
Q4
Q1
10.219
19-Sep
10.219
10.219
10.219
0.32
7.2%
10.009
05-Oct
10.009
10.009
10.009
0.86
23.8%
Q2
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
IJPA01XXBFTW
Low
High
10.009
10.219
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
1.2
0.002
8.16%
1.2
0.002
TRADING VOLUME
(Billion Rp)
10.009
TOTAL
Modified
Duration (Yrs)
End of Year
5.070
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
IJPA01XXBFTW - 0.3
Q2-2007
Q3-2007
Q4-2007
Outstanding
0.9
14.4
Outstanding
-
0.75
1.50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
2.25
3.00
3.75
4.50
5.25
6.00
6.75
7.50
157
INDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOFOOD SUKSES MAKMUR TBK
:
:
:
:
:
ADDRESS
Sudirman Plaza, Indofood Tower 27th Fl.
Jl. Jend. Sudirman Kav. 76 - 78, Jakarta - 12190
Phone : (021) 5795-8822 ext 1215
Fax : (021) 5793-7373
idAA+
Food And Beverages
http://www.indofood.co.id
Werianty Setiawan
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,794,451
1,668,487
2,975,274
7,457,559
6,440,524
747,886
16,112,493
6,273,098
4,247,287
10,523,697
657,710
3,000,000
944,419
9,444
100
4,283,280
4,931,086
4,536,937
2,367,820
4,169,150
11,766,665
8,079,455
900,400
29,527,466
12,776,365
5,899,543
18,679,042
3,721,828
3,000,000
944,419
9,444
100
4,999,251
7,126,596
152.83
41.91
40.13
57.78
25.45
20.39
83.26
103.67
38.90
77.50
465.88
16.72
44.52
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
21,941,558 27,858,304
16,760,382 21,281,752
5,181,176 6,576,552
3,205,467 3,682,124
1,975,709 2,894,428
-750,485
-829,199
1,225,224 2,065,229
473,176
696,842
-90,838
-387,270
661,210
980,357
26.97
26.98
26.93
14.87
46.50
-10.49
68.56
47.27
-326.33
48.27
BALANCE SHEETS
PT Indofood Sukses Makmur Tbk (Indofood) is the premier processed
foods company in Indonesia, with leading domestic market shares for
most of its products, including instant noodles, wheat flour, branded
edible oils and fats, baby foods and snack foods. Indofood also produces
food seasonings products. Currently Indofood is the largest instant
noodles manufacturer and the largest flour miller in the world, with
installed capacities of approximately 13 billion packs and 3.6 million tons
per annum, respectively. Indofood owns the largest distribution network
in Indonesia.
Supermi, Sarimi and Sakura instant noodles, Bimoli and Sunrise cooking
oil, Royal Palmia and Simas margarine, Chiki, Chitato and Jet-Z modern
snacks, Promina and Sun baby food products, and the Indofood and
Piring Lombok range of food seasonings. These brands play a vital
role in sustaining Indofood’s business stability and Indofood’s strong
fundamentals. The well-known and trusted brands of Indofood include
household names such as Indomie. Thirty-four manufacturing plants
including 121 instant noodles production lines make up operations.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.13
4.10
3.01
9.00
Change %
2.62
3.32
3.52
10.39
22.81
-19.09
16.78
15.39
AS OF JUNE 2008
No.
1.
2.
158
Code
INDF03
INDF04
Series Name
III Tahun 2004
IV Tahun 2007
Outstanding
(Rp Million)
976,000
2,000,000
Listing
Date
14-Jul-04
16-May-07
Maturity
Date
13-Jul-09
15-May-12
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.50%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA+
Fixed: 10.0125%
15-Aug-07
15-Nov-07
15-Feb-08
15-May-08
idAA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
INDF03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
9.608
9.482
9.630
28-Feb 05-Jun 24-Sep
11.484 11.311
9.630
9.592
9.466
9.465
9.623
9.808
9.585
WA1
405.19 192.66 250.09
Volume2
166.1% 79.0% 102.5%
Turnover3
Modified Duration (Yrs): 4.419
Last
Date
High
Low
Q4
Q1
Q2
9.755
28-Dec
9.954
9.624
9.815
161.25
66.1%
9.830
9.736
17-Mar 30-Jun
9.776
9.830
9.497
9.635
9.818
9.698
178.16 394.34
73.0% 161.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
INDF04
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1000
10.0
800
8.0
600
6.0
400
4.0
200
2.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
N/A
7.535
7.590
N/A 29-Jun 13-Sep
7.618
N/A
7.696
N/A
7.535
7.500
1
7.560
7.585
N/A
WA
N/A 840.21 978.19
Volume2
N/A 168.0% 195.6%
Turnover3
Modified Duration (Yrs): 9.038
Last
Date
High
Low
Q4
Q1
Q2
7.554
28-Dec
7.604
7.529
7.539
283.41
56.7%
7.427
27-Mar
7.668
7.417
7.475
285.21
57.0%
7.567
26-Jun
8.057
7.439
7.439
145.29
29.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
INDF03
9.465
11.484
9.815
1,009
1.94
103.40%
4.419
2.
INDF04
7.500
7.696
7.539
2,102
4.05
105.09%
9.038
3,111
5.99
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
INDF03
405
Q2-2007
193
Outstanding
250
Q4-2007
Outstanding
161
--
976
INDF04 -
Q3-2007
840
978
283
--
2,000
Outstanding
-
200
400
600
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
159
INKP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDAH KIAT PULP & PAPER TBK
:
:
:
:
:
ADDRESS
BII Plaza Tower II, 9th Fl.
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9266 - 69
Fax : (021) 392-7685
idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian R. Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
366,894
1,552,648
3,322,875
6,622,009
34,343,343
12,711
47,646,020
3,889,525
27,003,216
30,892,741
2,605
20,000,000
5,470,983
5,471
1,000
-3,057,607
16,750,675
195,412
1,798,798
3,872,115
7,078,710
37,659,803
13,375
51,689,503
5,527,782
27,812,125
33,339,907
2,671
20,000,000
5,470,983
5,471
1,000
-2,326,116
18,346,926
-46.74
15.85
16.53
6.90
9.66
5.22
8.49
42.12
3.00
7.92
2.54
23.92
9.53
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
14,298,094 17,701,849
11,687,734 13,839,306
2,610,360 3,862,543
1,643,255 1,747,296
967,105 2,115,247
-1,203,454 -1,064,299
-236,349 1,050,948
1,435,826
185,774
-129
-199
-1,672,305
864,975
23.81
18.41
47.97
6.33
118.72
11.56
N/A
-87.06
-53.42
N/A
BALANCE SHEETS
PT Indah Kiat Pulp & Paper Tbk is:
• One of the world’s largest vertically integrated pulp & paper
companies.
• A major player in the Asian market.
• Strategically located within the Asia-Pacific region.
• A Company that directly employs approximately 15,300 employees.
• Committed to sustainability in all its operations.
PT Indah Kiat Pulp & Paper Tbk was established on December 7, 1976.
The Company has been listed on Indonesia Stock Exchange since
1990.
The Company currently has production facilities in three locations:
Perawang (Riau), Tangerang and Serang (Banten).
The Company’s main business activities are the production of pulp,
various types of culture papers consisting of printing and writing paper
(coated and uncoated freesheet) and photocopy paper. The Company
also produces industrial paper i.e. packaging paper which comprises:
containerboard (linerboard and corrugated medium), corrugated shipping
containers (converted from containerboard), boxboard and specialty
colored papers.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
1.84
-3.51
-11.70
6.76
Change %
1.82
1.67
4.89
11.95
-1.47
N/A
N/A
76.66
AS OF JUNE 2008
No.
1.
2.
160
Code
INKP02A
INKP02B
Series Name
I Tahun 1999 Seri A
I Tahun 1999 Seri B
Outstanding
(Rp Million)
257,440
500,000
Listing
Date
01-Oct-04
01-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
INKP02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60.0
20.0
48.0
16.0
36.0
12.0
24.0
8.0
12.0
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
19.273 10.113
12-Feb 04-Jun
19.273 10.113
18.584 10.113
19.255 10.113
WA1
0.81
1.58
Volume2
0.9%
1.9%
Turnover3
Modified Duration (Yrs): 4.815
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
14.105
27-Jul
14.106
14.106
14.106
0.47
0.6%
14.644
07-Dec
14.645
14.645
14.645
0.21
0.3%
Q1
Q2
-
12.675
18-Jun
21.068
11.621
12.482
56.59
87.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
INKP02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
20.0
100
16.0
75
12.0
50
8.0
25
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
19.238 10.113
12-Feb 04-Jun
19.273 14.028
18.584 10.113
1
19.255
14.028
WA
1.11
5.95
Volume2
0.9%
4.8%
Turnover3
Modified Duration (Yrs): 4.930
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
14.204
27-Jul
14.205
14.205
14.205
0.70
0.6%
14.193
07-Dec
14.194
14.194
14.194
0.36
0.3%
Q1
Q2
-
12.675
18-Jun
21.078
11.621
12.483
102.79
82.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
INKP02A
10.113
19.273
14.645
3
0.01
1.04%
4.815
2.
INKP02B
10.113
19.273
14.194
8
0.02
1.63%
4.930
11
0.02
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
INKP02A
Outstanding
--
294
INKP02B
--
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
300
350
400
450
500
550
161
ISAT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
INDOSAT TBK
:
:
:
:
:
idAA+
Telecommunication
http://www.indosat.com
Strasfiatri Auliana
Bank Rakyat Indonesia (Persero) Tbk
PROFILE
PT Indosat Tbk is a leading telecommunication and information service
provider in Indonesia that provides cellular of prepaid and postpaid
services (Mentari, IM3 and Matrix), 3G services using HSDPAtechnology, fixed data services including Multimedia, Internet & Data
Communication Services (MIDI) and fixed telecommunication services
including IDD services and fixed wireless services.
PT Indosat Tbk (Indosat) was established in 1967 as a foreign direct
investment company to provide international telecommunications
services in Indonesia. In 1980, the Indonesian Government took over full
ownership of Indosat, which then became a Stated-Owned Company.
As the leading Indonesian international telecommunication provider, the
Company went public in 1994, by listing its shares on the Jakarta Stock
Exchange, the Surabaya Stock Exchange and its American Depository
Receipts in the New York Stock Exchange.
Entering the 21st century and in keeping with the global trends,
the Government of Indonesia decided to deregulate the national
telecommunications sector, opening it up to free market competition and
gradually removing the exclusive rights previously granted to Indosat
and another market incumbent. Indosat quickly seized the opportunity
by developing its cellular business. In 2001, with the establishment
of a cellular operator company, PT Indosat Multi Media Mobile (IM3),
followed by the full ownership acquisition of PT Satelit Palapa Indonesia
(Satelindo) in 2002, Indosat became the second largest cellular operator
in Indonesia.
On November 2003, following the signing of the Merger Deed to merge
Satelindo, IM3 and Bimagraha into Indosat, the Company emerged
as a cellular focused Full Network Service Provider (FNSP). This was
followed by a comprehensive transformation program, launched in 2004,
encompassing in human resources, technology platform and corporate
culture and values. The transformation has started to demonstrate
encouraging results as the Company posted record revenues that
surpassed Rp10 trillion thresholds and increased in margin its 10th year
as a publicly listed company
162
ADDRESS
Jl. Medan Merdeka Barat No. 21
Jakarta - 10110
Phone : (021) 3000-3001, 386-9614, 386-9166
Fax : (021) 380-4045
FINANCIAL HIGHLIGHT
Million Rp except Par Value
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
2,807,260
1,282,000
110,935
5,665,432
24,963,030
328,953
34,228,658
6,803,205
12,023,088
18,826,293
200,620
2,000,000
543,393
5,434
100
12,707,771
15,201,745
8,053,006
1,051,869
161,573
10,794,127
30,572,773
518,258
45,305,086
11,658,581
16,804,405
28,462,986
297,370
2,000,000
543,393
5,434
100
14,044,761
16,544,730
186.86
-17.95
45.65
90.53
22.47
57.55
32.36
71.37
39.77
51.19
48.23
10.52
8.83
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
12,239,407
8,840,748
3,398,659
8,840,748
3,398,659
-1,375,754
2,022,667
576,107
-36,467
1,410,093
16,488,495
11,968,891
4,519,604
11,968,891
4,519,604
-1,589,988
2,929,616
859,517
-28,056
2,042,043
34.72
35.38
32.98
35.38
32.98
-15.57
44.84
49.19
23.06
44.82
1.24
4.12
11.52
27.77
1.72
4.51
12.38
27.41
38.92
9.41
7.50
-1.29
BALANCE SHEETS
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
1.
Series Name
Code
ISAT02BXBFTW
II Tahun 2002 Seri B
Outstanding
(Rp Million)
200,000
Listing
Date
08-Nov-02
Maturity
Date
06-Nov-32
2.
ISAT03AXBFTW
III Tahun 2003 Seri A
1,860,000
23-Oct-03
22-Oct-08
3.
ISAT03BXBFTW
III Tahun 2003 Seri B
640,000
23-Oct-03
22-Oct-10
4.
5.
6.
7.
8.
ISAT04A
IV Tahun 2005
ISAT04B
Syariah Ijarah Tahun
2005
ISAT05A
V Tahun 2007 Seri A
ISAT05B
V Tahun 2007 Seri B
ISAT06A
VI Tahun 2008 Seri A
815,000
285,000
1,230,000
1,370,000
760,000
22-Jun-05
30-May-07
30-May-07
10-Apr-08
10-Apr-08
21-Jun-11
21-Jun-11
29-May-14
29-May-17
09-Apr-13
09-Apr-15
Coupon
Structure
Coupon
Payment
Date
Rating
Fixed: 16.00%
06-Feb-07
06-May-07
06-Aug-07
06-Nov-07
idAA+
Fixed: 12.500%
22-Jan-07
22-Apr-07
22-Jul-07
22-Oct-07
idAA+
Fixed: 12.875%
22-Jan-07
22-Apr-07
22-Jul-07
22-Oct-07
idAA+
6 Years
Fixed: 12.000%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idAA+
6 Years
Ijarah Fee
Rp8,550,000,000
quarterly
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idAA+
Fixed: 10.20%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA+
Fixed: 10.65%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA+
Fixed: 10.25 %
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
idAA+
10 Years
Fixed: 10.80 %
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
idAA+
Ijarah Fee
Rp40,800,000,000 p.a.
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idAA
(sy)+
30 Years
5 Years
7 Years
7 Years
10 Years
7 Years
ISAT06B
VI Tahun 2008 Seri B
10.
SIKISAT02
Sukuk Ijarah II Tahun
2007
400,000
30-May-07
29-May-14
7 Years
11.
SIKISAT03
Sukuk Ijarah III Tahun
2008
570,000
10-Apr-08
09-Apr-13
7 Years
9.
320,000
22-Jun-05
Issue
Term
09-Jul-08
Ijarah Fee Rp58,425,000,000 09-Oct-08
p.a.
09-Jan-09
idAA
(sy)+
09-Apr-09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
163
TRADING HIGHLIGHT
ISAT02BXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.386
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.912
17-Sep
9.912
9.912
9.912
5.05
10.1%
9.802
05-Oct
9.802
9.802
9.802
1.04
2.1%
9.928
31-Jan
9.928
9.928
9.928
0.91
1.8%
9.725
01-Apr
9.725
9.722
9.724
8.59
17.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT03AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
1000
10.0
800
8.0
600
6.0
400
4.0
200
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.467
9.029
20-Mar 27-Jun
10.467
9.108
8.958
8.941
9.011
9.014
WA1
500.31 242.95
Volume2
107.6% 52.2%
Turnover3
Modified Duration (Yrs): 5.528
Last
Date
High
Low
Q1-Q2 2008
Q1
Q2
Q3
Q4
8.898
27-Sep
9.115
8.781
9.015
207.21
44.6%
9.023
8.869
8.417
27-Dec 11-Feb 24-Jun
9.006
8.523
9.261
8.906
8.809
8.265
8.995
8.926
8.468
453.19 800.61 619.23
97.5% 172.2% 133.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT03BXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.050
9.298
29-Mar 26-Jun
9.187
9.305
9.001
8.925
9.037
9.305
WA1
30.61 228.87
Volume2
19.1% 143.0%
Turnover3
Modified Duration (Yrs): 7.752
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.305
28-Sep
9.305
9.008
9.015
21.83
13.6%
8.993
06-Dec
9.365
8.993
9.365
2.06
1.3%
9.100
15-Feb
9.365
8.993
9.092
89.85
56.2%
9.185
24-Jun
9.270
9.044
9.221
89.46
55.9%
1
-
-
Q1-07
164
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
ISAT04A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
60
12.5
48
10.0
36
7.5
24
5.0
12
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.319 10.013
08-Feb 15-Jun
10.383 10.445
9.933
9.970
1
10.351
10.445
WA
50.08
22.48
Volume2
24.6% 11.0%
Turnover3
Modified Duration (Yrs): 3.781
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.243
24-Sep
11.243
9.971
10.031
49.94
24.5%
9.890
12-Dec
10.375
9.890
9.935
22.09
10.8%
9.987
27-Mar
10.058
9.944
9.944
55.33
27.2%
10.482
26-Jun
10.499
10.192
10.197
39.10
19.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT04B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
12.5
10.0
10.0
7.5
7.5
5.0
5.0
2.5
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.443 10.499
29-Mar 26-Jun
10.443 10.499
10.007 10.304
10.443 10.456
WA1
4.20
10.86
Volume2
5.9% 15.2%
Turnover3
Modified Duration (Yrs): 8.902
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.396
18-Sep
10.396
10.338
10.338
6.89
9.7%
10.403
28-Dec
10.403
10.188
10.403
6.73
9.4%
10.188
24-Mar
10.188
10.188
10.188
5.32
7.5%
10.273
30-Jun
10.676
10.273
10.307
6.79
9.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT05A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
7.835
N/A
7.788
7.872
N/A 29-Jun 28-Sep 28-Dec
N/A
7.912
7.904
7.880
N/A
7.788
7.839
7.808
1
N/A
7.891
7.870
7.849
WA
N/A 720.97 503.47 336.70
Volume2
N/A 234.5% 163.7% 109.5%
Turnover3
Modified Duration (Yrs): 9.905
Last
Date
High
Low
Q1
Q2
7.866
12-Mar
7.908
7.853
7.908
298.88
97.2%
7.870
30-Jun
7.918
7.853
7.865
122.30
39.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
165
ISAT05B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
750
10.0
600
8.0
450
6.0
300
4.0
150
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
8.075
8.089
N/A 07-Jun 06-Sep
N/A
8.160
8.161
N/A
7.738
8.003
1
N/A
8.053
8.105
WA
2
N/A
733.89
706.43
Volume
N/A 214.3% 206.3%
Turnover3
Modified Duration (Yrs): 9.588
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.102
28-Dec
8.297
7.949
7.987
240.04
70.1%
8.068
14-Mar
8.150
8.019
8.112
133.42
39.0%
8.144
30-Jun
8.382
8.069
8.353
240.98
70.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT06A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
125
10.0
100
8.0
75
6.0
50
4.0
25
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
8.882
17-Jun
8.955
8.541
8.882
106.65
56.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
ISAT06B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
10.0
20.0
8.0
15.0
6.0
10.0
4.0
5.0
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
9.257
17-Jun
9.257
9.257
9.257
22.00
27.5%
1
-
-
Q1-07
166
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
SIKISAT02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
10.0
28.0
8.0
21.0
6.0
14.0
4.0
7.0
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
7.880
N/A 25-Jun
N/A
7.907
N/A
7.880
1
N/A
7.885
WA
2
N/A
7.01
Volume
N/A
7.0%
Turnover3
Modified Duration (Yrs): 10.264
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.901
25-Sep
7.907
7.846
7.846
31.65
31.6%
7.834
18-Dec
7.877
7.826
7.830
33.20
33.2%
7.858
27-Feb
7.874
7.853
7.866
4.04
4.0%
7.963
30-Jun
7.964
7.877
7.882
25.00
25.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKISAT03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
10.0
28.0
8.0
21.0
6.0
14.0
4.0
7.0
2.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
8.990
25-Jun
8.997
8.541
8.882
29.81
20.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
ISAT02BXBFTW
Low
High
9.802
9.912
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.01
3.04%
TRADING VOLUME
(Billion Rp)
9.802
6
Modified
Duration (Yrs)
End of Year
5.386
2.
ISAT03AXBFTW
8.781
10.467
8.995
1,404
2.70
75.47%
5.528
3.
ISAT03BXBFTW
8.925
9.365
9.365
283
0.55
44.28%
7.752
4.
ISAT04A
9.890
11.243
9.935
145
0.28
17.74%
3.781
5.
ISAT04B
10.007
10.499
10.403
29
0.06
10.06%
8.902
6.
ISAT05A
7.788
7.912
7.849
1,561
3.01
126.92%
9.905
7.
ISAT05B
7.738
8.297
7.987
1,680
3.24
122.65%
9.588
8.
SIKISAT02
7.826
7.907
7.830
72
0.14
17.96%
10.264
5,180
9.98
TOTAL
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
167
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
ISAT02BXBFTW
Outstanding
200
-
ISAT03AXBFTW
500
243
207
Outstanding
453
1,860
ISAT03BXBFTW
-
229
Outstanding
640
-
ISAT04A
Outstanding
815
-
ISAT04B
Outstanding
285
-
ISAT05A -
721
503
337
1,230
Outstanding
ISAT05B -
-
706
734
Outstanding
240
1,370
-
SIKISAT02 Outstanding
-
168
400
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
169
JPFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAPFA COMFEED IDONESIA TBK
:
:
:
:
:
ADDRESS
Wisma Millenia 7th Fl.
Jl. MT Haryono Kav. 16, Jakarta - 12810
Phone : (021) 831-0308
Fax : (021) 831-0309
idBBB+
Animal Feed
http://ww.japfacomfeed.co.id
Christine R. Wibisono
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
203,207
543,041
1,142,121
2,186,308
1,339,220
23,763
3,622,463
1,147,622
1,745,680
2,893,302
132,348
2,000,000
1,489,415
1,489
1,000
-1,113,848
596,813
249,617
476,906
1,389,067
2,492,794
1,401,288
26,637
4,043,497
1,018,738
2,068,936
3,087,674
163,240
2,000,000
1,489,415
1,489
1,000
-932,984
792,583
22.84
-12.18
21.62
14.02
4.63
12.09
11.62
-11.23
18.52
6.72
23.34
16.24
32.80
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,401,365
5,291,530
1,109,835
842,150
267,685
102,420
370,105
101,939
-30,006
238,160
7,903,315
6,467,391
1,435,924
995,422
440,502
-149,430
291,072
71,759
-38,551
180,864
23.46
22.22
29.38
18.20
64.56
N/A
-21.35
-29.61
-28.48
-24.06
4.85
6.57
3.72
4.18
3.90
4.47
2.29
5.57
-19.64
-31.97
-38.49
33.29
BALANCE SHEETS
Japfa has its roots in copra pellet production back in its early history of
the Nineteen-Seventies. The Company was established in 1971 under
the name PT Java Pelletizing Factory as a 50 - 50 venture between PT
Perusahaan Dagang & Industri Ometraco and International Graanhandel
Thegra NV of the Netherlands.
In October 1989, in line with its expansion plan, the Company floated
its shares on the Jakarta and Surabaya Stock Exchanges. The public
listing, followed by a rights issue in 1990, provided the Company with the
financial strength to launch into the animal feed industry.
Japfa subsequently made strategic acquisitions of four companies:
PT Comfeed Indonesia (animal feed), PT Ometraco Satwafeed (animal
feed), PT Indopell Raya (pelletizing) and PT Suri Tani Pemuka (shrimp
feed). A second wave of acquisitions took place in 1992 when Japfa
bought PT Multibreeder Adirama Indonesia (poultry breeding), PT
Ciomas Adisatwa (poultry processing operation) and the shrimp farming
and cold storage operations of Suri Tani Pemuka.
The string of acquisitions transformed the Company into one of the
largest and most integrated poultry / shrimp producers in the country.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
170
Code
JPFA01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
500,000
Listing
Date
12-Jul-07
Maturity
Date
11-Jul-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
11-Oct-07
11-Jan-08
11-Apr-08
11-Jul-08
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPFA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25
12.5
20
10.0
15
7.5
10
5.0
5
2.5
-
-
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.289
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
10.195
10-Aug
10.222
10.195
10.195
22.03
17.6%
10.311
13-Nov
10.318
10.311
10.318
6.04
4.8%
Q1
Q2
-
-
-
-
-
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
JPFA01
Low
High
10.195
10.318
% of Total
Turnover
Ratio
(%)
28
0.05
5.61%
28
0.05
TRADING VOLUME
(Billion Rp)
10.318
TOTAL
Modified
Duration (Yrs)
End of Year
8.289
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
JPFA01 - 22 6
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
171
JPOS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAWA POS
:
:
:
:
:
ADDRESS
Graha Pena Building 5th Floor
Jl. Achmad Yani 88, Surabaya
Phone : (031) 820-2008
Fax : (031) 829-4575
idA
Advertising, Printing & Media
http:/www.jawapos.co.id
Dwi Permata Sari Surya
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Jawa Pos Concern Ltd (JAWA) is a leading integrated media company
headquartered in Surabaya, East Java. The Company’s flagship
Jawa Pos daily newspaper is distributed mostly in East Java/Eastern
Indonesia, while other media under Jawa Pos Group are distributed all
over the country. As of 31 December 2003, The Company is owned by PT
Grafiti Pers (45.15%), Mr. Dahlan Iskan (24.43%) and some individuals
(30.42%). The major shareholder, PT Grafiti Pers, is known as one of the
nation’s prominent publishing companies.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
73,127
174,434
107,240
362,408
967,983
271
1,463,146
337,032
396,927
733,959
1,747
800,000
200,000
200
1,000
523,071
727,440
139,339
195,640
118,430
473,415
1,033,774
1,477
1,645,119
568,497
225,587
794,084
909
800,000
200,000
200
1,000
647,952
850,126
90.54
12.16
10.43
30.63
6.80
445.54
12.44
68.68
-43.17
8.19
-47.96
23.87
16.87
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,126,459
760,951
365,508
115,119
250,389
-39,821
210,560
70,318
-449
139,792
1,210,572
774,728
435,844
130,206
305,639
-45,481
260,157
97,015
-74
154,864
7.47
1.81
19.24
13.11
22.07
-14.21
23.55
37.97
83.44
10.78
1.01
9.55
12.41
22.23
0.93
9.41
12.79
25.25
-7.42
-1.47
3.08
13.58
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
172
Code
JPOS01XXBFTW
Series Name
Tahun 2003
Outstanding
(Rp Million)
200,000
Listing
Date
11-Dec-03
Maturity
Date
10-Dec-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.75%
10-Mar-07
10-Jun-07
10-Sep-07
10-Dec-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPOS01XXBFTW
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.057 10.319
30-Mar 06-Jun
10.272 10.348
9.991 10.215
10.135 10.215
WA1
11.30
14.10
Volume2
22.6% 28.2%
Turnover3
Modified Duration (Yrs): 7.777
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.246
06-Sep
10.246
10.144
10.144
3.78
7.6%
9.993 10.007
9.869
14-Dec 26-Mar 26-Jun
9.993 10.028 10.072
9.993
9.906
9.838
9.975 10.042
9.993
1.04 115.83 100.62
2.1% 231.7% 201.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JPOS01XXBFTW
Low
9.991
High
Weighted Avg.
Executed
Yield (%)
% of Total
30
0.06
15.11%
30
0.06
(Billion Rp)
9.993
10.348
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.777
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
11
JPOS01XXBFTW
14
Q2-2007
Q3-2007
Outstanding
4
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
173
JPRO
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
JAKARTA PROPERTINDO
:
:
:
:
:
ADDRESS
Menteng Office Park 8th Floor
Jl. Probolinggo No. 18 Jakarta - 10350
Phone : (021) 230-1187
Fax : (021) 3193-4037, 230-1188
Baa2.id
Property And Real Estate
http://www.jakarta-propertindo.com
Mamat
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Jakarta Propertindo Tbk (JakPro) is a property sub-hodling of the
Provincial Government of Jakarta established in December 2000.
JakPro has been trusted to develop Pluit Modern Area, Pulo man
Integrated Area, coastal area reclamation as well as to undertake the
construction of office buildings, apartment complexes and urban-scale
public facilities.
Today, Jakpro has spread its wings beyond property projects and property
management. Some of its most significant and strategic infrastructure
projects for development of capital city Jakarta include the Radio Network
Planning, Telecommunication and Fiber Optics, Monorail and InnerCity Toll Road Projects. With the vast opportunities in Jakarta and the
strategic importance of its role and projects to the future development of
Jakarta, Jakpro is firmly commited to persue its financial growth parallel
with its critical mission to serve the city as wll as the national interest for
development with environment orientation.
Our Vision :
To become a market and environmentally oriented property and
infrastructure company, delivering quality products and services
Our Mission :
• To develop lands and buildings in accordance with potentials
market trends
• To develop new areas in compliance with the urban development
plan
• To develop lands and buildings with due consideration to the
environment and customer service
• To develop property and other supporting service with orientation
toward the company’s core business
• To develop infrastructure projects within Jakarta and surrounding
areas
• To develop strategically located properties with potential economic
values, which are owned by the provincial government of Jakarta
• Coastal area reclamation in accordance with the development
plan of the North Jakarta region
• Preparing the company’s human capital as the Center of
Excellence, reliable to fill strategic positions within the company
as well as other companies owned by the Provincial Government
of Jakarta
Million Rp except Par Value
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
92,922
52,094
150,950
38,887
9,521
611,555
4,375
101,650
5,851
515,000
429,996
430
1,000
74,058
504,054
114,428
94,425
759
201,146
50,812
9,231
924,848
6,290
398,842
6,180
750,000
429,996
430
1,000
89,830
519,826
23.14
81.26
N/A
33.25
30.67
-3.05
51.23
43.77
292.37
5.62
45.63
21.30
3.13
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
135,511
67,496
68,014
38,353
29,661
7,695
37,356
9,637
27,719
27,354
168,031
106,177
61,854
42,259
19,595
16,213
35,807
6,392
29,417
29,039
24.00
57.31
-9.06
10.18
-33.94
110.68
-4.15
-33.67
6.13
6.16
0.20
4.47
20.19
21.89
0.77
3.14
17.28
11.66
280.46
-29.80
-14.38
-46.72
BALANCE SHEETS
Change %
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
174
Code
JPRO01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
29-Jun-07
Maturity
Date
28-Jun-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 12.75%
28-Sep-07
28-Dec-07
28-Mar-08
28-Jun-08
Rating
Baa2.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
JPRO01
Trading Volume
(Rp Billion)
200
15.0
160
12.0
120
9.0
80
6.0
40
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
N/A 12.284 11.575 11.326
N/A 28-Jun 27-Sep 26-Dec
N/A 12.284 12.706 12.537
N/A 12.284 11.575 11.326
N/A 12.284 11.575 12.042
WA1
N/a
67.00 164.04
89.23
Volume2
N/A 134.0% 328.1% 178.5%
Turnover3
Modified Duration (Yrs): 2.431
Last
Date
High
Low
Q1
Q2
11.326
03-Jan
11.326
11.326
11.326
10.92
21.8%
12.284
28-Apr
12.284
11.277
12.284
39.67
79.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JPRO01
Low
High
11.326
12.706
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
320
0.62
160.13%
320
0.62
TRADING VOLUME
(Billion Rp)
12.042
TOTAL
Modified
Duration (Yrs)
End of Year
2.431
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
JPRO01 -
Q2-2007
67
Q3-2007
89
200
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Outstanding
164
Outstanding
-
Q4-2007
E X C H A N G E
105
-140
175
210
245
280
315
350
175
JSMR JASA MARGA (PERSERO) TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630, 841-3526
Fax : (021) 841-3540
idAATollroad, Airport, Harbor & Allied Product
Okke Merlina
Bank Mega Tbk
PROFILE
The development of cities in Indonesia had been increasing eversince
Five Year Development I. This fact led to the increase of social economic
activities which made the traffic volume went up. Arterial roads, which
were to be used for long distance traffic had been confuse not only
with collector road but also local road, which caused tarffic jam and
obstruction of economic growth.
Those were the economic consideration for construction highway arterial
road. Developing such road required a large amount of fund. While State
Revenues & Expenditures Budget was very limited. This was the reason
why the toll system was applied on the first highway in Indonesia which
was Jakarta-Cibinong segment, 27 km, part of Jagorawi toll road.
Having been founded to operate the toll road on March 1st, 1978 based
on the Government Regulation no. 4 of 1978, later based on Presidential
Decree no. 38 of 1981, PT Jasa Marga (Persero) was appointed to
operate nine toll roads/bridges in Indonesia.
PT Jasa Marga (Persero) was formed based on the Government of
Republic of Indonesia’s rules number 4 year 1978 about the inclusion of
the Republic of Indonesia’s capital in forming a Persero whose business
includes the construction, management and maintenance of toll roads.
Also about the business rules (the Page of The Republic of Indonesia
number: 4 Juncto by the Decision of The Minister of Finance of the
Republic of Indonesia number : 90/KMK.06/1978, about the capital of PT
Jasa Marga (Persero), dated February 27, 1978.
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
176
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
260,390 4,000,028 1,436.17
510,177
23,725
-95.35
N/A
824,001 4,075,786
394.63
8,773,130 9,259,958
5.55
285,794
84,160
-70.55
10,255,697 13,847,227
35.02
1,353,599 1,325,320
-2.09
6,516,434 6,307,223
-3.21
7,870,033 7,632,543
-3.02
117
239,368 203,897.25
2,000,000 9,520,000
376.00
1,000,000 3,400,000
240.00
1
6,800 679,900.00
1,000,000
500
-99.95
1,385,273
230,244
-83.38
150.48
2,385,547 5,975,316
2,296,143
1,476,690
819,453
1,476,690
819,453
-313,554
505,899
43,323
-9
462,567
3.30
4.51
20.15
35.69
15.20
2,645,043
1,629,093
10.32
1,015,949
23.98
10.32
1,629,093
23.98
1,015,949
-95.79
-613,893
402,057
-20.53
182.13
122,228
-1,847 -21,045.75
277,982
-39.90
1.28
2.01
10.51
38.41
-61.28
-55.49
-47.83
7.63
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
JMPD10OXBFTW
JMPD11PXBFTW
2.
3.
JMPD12Q
4.
JMPD13R
Listing
Date
Outstanding
(Rp Million)
X Tahun 2002 Seri O
650,000
XI Seri P Tahun 2003
1,000,000
XII Seri Q Tahun 2006
XIII Seri R Tahun 2007
1,000,000
1,500,000
11-Dec-02
13-Oct-03
07-Jul-06
22-Jun-07
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
04-Dec-10
8 Years
04-Mar-07
04-Jun-07
04-Sep-07
04-Dec-07
idAA-
10-Oct-13
10-Jan-07
Year 1-5: 12.30%; Year 6- 10-Apr-07
10 Years
10: 13.00%
10-Jul-07
10-Oct-07
idAA-
06-Jul-16
Fixed: 13.50%
06-Jan-07
06-Apr-07
06-Jul-07
06-Oct-07
idAA-
Fixed: 10.25%
21-Sep-07
21-Dec-07
21-Mar-08
21-Jun-08
idAA-
21-Jun-17
10 Years
10 Years
Fixed: 16.15%
TRADING HIGHLIGHT
JMPD10OXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
9.827 10.399
23-Mar 26-Jun
9.914 10.712
9.822
9.881
1
9.822
10.295
WA
53.33
79.56
Volume2
49.0% 32.8%
Turnover3
Modified Duration (Yrs): 7.897
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.736
04-Sep
10.879
9.820
9.830
111.19
68.4%
9.925
12-Dec
10.818
9.911
10.634
52.81
32.5%
10.140
25-Mar
10.603
9.901
10.573
54.41
33.5%
9.868
25-Jun
10.932
9.868
9.868
96.21
59.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
JMPD11PXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
Q1
Q2
9.583 10.046
29-Mar 12-Jun
12.018 11.812
9.545
9.464
9.465
10.080
WA1
155.14
26.20
Volume2
62.1% 10.5%
Turnover3
Modified Duration (Yrs): 5.547
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
Q1
Q2
10.165
26-Sep
11.116
9.353
9.457
181.72
72.7%
9.613
19-Dec
10.230
9.472
9.648
102.97
41.2%
9.841
27-Mar
10.629
9.522
9.843
159.04
63.6%
10.017
27-Jun
10.090
9.577
9.871
167.84
67.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
177
JMPD12Q
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
11.795 10.257
14-Mar 30-Apr
11.795 10.312
10.499 10.257
1
10.810 10.261
WA
2
21.46
9.25
Volume
8.6%
3.7%
Turnover3
Modified Duration (Yrs): 3.620
Last
Date
High
Low
Q3
Q4
Q1
Q2
10.221
20-Sep
11.555
10.214
10.372
28.79
11.5%
11.322
27-Dec
11.795
10.341
10.352
48.52
19.4%
10.382 11.377
05-Mar 06-May
10.588 11.555
10.333 11.306
10.382 11.399
51.14
69.50
20.5% 27.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
JMPD13R
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.186
9.166
N/A 27-Jun 26-Sep
9.193
9.297
N/A
N/A
9.150
9.008
N/A
9.182
9.162
WA1
N/A 286.48 422.00
Volume2
N/A 76.4% 112.5%
Turnover3
Modified Duration (Yrs): 5.672
Last
Date
High
Low
Q4
Q1
Q2
9.027
03-Dec
9.204
8.990
9.053
94.61
25.2%
8.629
13-Mar
9.110
8.629
8.629
88.38
23.6%
8.805
18-Jun
8.805
8.805
8.805
9.67
2.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
JMPD10OXBFTW
2.
3.
4.
Low
10.634
% of Total
Turnover
Ratio
(%)
0.57
45.68%
TRADING VOLUME
(Billion Rp)
297
Modified
Duration (Yrs)
End of Year
7.897
9.820
10.879
JMPD11PXBFTW
9.353
12.018
9.648
466
0.90
46.60%
5.547
JMPD12Q
10.214
11.795
10.352
108
0.21
10.80%
3.620
JMPD13R
8.990
9.297
9.053
803
1.55
53.54%
5.672
1,674
3.23
TOTAL
178
High
Weighted Avg.
Executed
Yield (%)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
JMPD10OXBFTW
80
53
111
Q2-2007
Q3-2007
650
155
26
Outstanding
53
Outstanding
JMPD11PXBFTW
Q4-2007
182
--
103
Outstanding
1,000
--
1,000
--
JMPD12Q
Outstanding
JMPD13R -
286
422
95
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
1,500
S T O C K
E X C H A N G E
450
600
750
900
1,050
1,200
1,350
1,500
1,650
179
KLBF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
KALBE FARMA TBK
:
:
:
:
:
ADDRESS
Kalbe Building
Jl. Letjend. Suprapto Kav. 4, Jakarta - 10510
Phone : (021) 4287-3888 - 89
Fax : (021) 4287-3680
idAA
Pharmaceuticals
http://www.kalbefarma.com
Vidjongtius
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Kalbe was established in 1966. While it has remained consistently
focused on achieving its stated mission, it has undergone significant
changes throughout its period of operation in order to continue to
serve the evolving and developing needs of Indonesian consumers.
In particular, while it continues to develop a broad range of Over-TheCounter (OTC) drugs, it has placed increasingly greater emphasis on
its ability to provide a more extensive array of value-added generic and
licensed drugs. It is also placing increasing emphasis on its role as an
innovator, developing new drugs and chemical entities either by itself or
in alliance with strategic partners internationally.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,231,454
760,375
884,654
3,321,278
1,024,372
35,125
4,624,619
658,760
421,411
1,080,566
549,237
850,000
507,801
10,156
50
2,497,335
2,994,817
1,116,346
927,074
1,427,068
3,760,008
1,204,148
15,013
5,138,213
754,629
366,559
1,121,539
629,812
850,000
507,801
10,156
50
3,101,989
3,386,862
-9.35
21.92
61.31
13.21
17.55
-57.26
11.11
14.55
-13.02
3.79
14.67
24.21
13.09
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
6,071,550
2,972,908
3,098,642
2,027,371
1,071,271
18,810
1,090,081
325,724
-87,776
676,582
7,004,910
3,453,279
3,551,631
2,422,276
1,129,355
29,313
1,158,667
347,020
-105,953
705,694
15.37
16.16
14.62
19.48
5.42
55.84
6.29
6.54
-20.71
4.30
0.36
14.63
11.14
17.64
0.33
13.73
10.07
16.12
-8.22
-6.12
-9.59
-8.62
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
180
Code
KLBF01
Series Name
I Tahun 2006
Outstanding
(Rp Million)
300,000
Listing
Date
30-Jun-06
Maturity
Date
28-Jun-09
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.625%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
Rating
idAA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
KLBF01
Trading Volume
(Rp Billion)
125
15.0
100
12.0
75
9.0
50
6.0
25
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
Q1-Q2 2008
Q3
12.084 12.639 13.206
13-Mar 26-Jun 20-Sep
13.897 13.731 13.206
12.079 12.324 12.401
12.089 12.324 12.468
WA1
27.01
87.15 109.63
Volume2
36.0% 116.2% 146.2%
Turnover3
Modified Duration (Yrs): 3.550
Last
Date
High
Low
Q4
Q1
Q2
13.034
17-Dec
13.034
12.379
12.836
4.69
6.3%
12.340
31-Mar
13.186
12.151
12.300
29.71
39.6%
12.866
03-Jun
13.253
12.601
13.016
37.01
49.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
KLBF01
Low
High
12.079
13.897
% of Total
Turnover
Ratio
(%)
228
0.44
76.16%
228
0.44
TRADING VOLUME
(Billion Rp)
12.836
TOTAL
Modified
Duration (Yrs)
End of Year
3.550
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
27
KLBF01
Q2-2007
Q3-2007
87
Q4-2007
110
Outstanding
5
300
Outstanding
-
30
60
90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
150
-180
210
240
270
300
330
181
KREN KRESNA GRAHA SEKURINDO TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Indonesia Stock Exchange Building Tower I, 30th Fl.
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-2889
Fax : (021) 515-5280
A3.id (A-)
Securities Company
http://www.kgs.com
Andreas Tanadjaya
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Kresna Graha Sekurindo Tbk is a financial services company engaged
in acitivites such as a broker, underwriter and investment manager.
Its business segments are divided into asset management, equities,
fixed income, investment banking and research.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
32,554
844
-
134,732
2,375
-
313.88
181.32
N/A
14,904
41,246
4,448
209,648
21,428
45,354
109,096
7,863
709,056
91,834
204.31
N/A
164.50
76.78
N/A
238.21
328.57
81,724
111,512
106,000
58,400
584
100
25,979
98,135
337,338
594,054
106,000
58,400
584
100
42,846
115,002
N/A
312.78
432.72
N/A
64.92
17.19
28,054
20,469
7,585
4,772
12,357
2,217
10,140
68,192
45,860
22,332
510
22,841
4,450
18,391
143.08
124.05
194.42
-89.32
84.85
100.71
N/A
81.38
1.14
4.84
36.14
27.04
5.17
2.59
26.97
32.75
354.59
-46.37
-25.38
21.12
Change %
AS OF JUNE 2008
No.
1.
2.
182
Code
KREN01B
KREN01C
Series Name
I Tahun 2007 Seri B
I Tahun 2007 Seri C
Outstanding
(Rp Million)
45,000
75,000
Listing
Date
10-May-07
10-May-07
Maturity
Date
08-May-09
08-May-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
2 Years
3 Years
Rating
Fixed: 12.00%
08-Aug-07
08-Nov-07 A3.id (A08-Feb-08
)
08-May-08
Fixed: 13.00%
08-Aug-07
08-Nov-07 A3.id (A08-Feb-08
)
08-May-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
KREN01B
Trading Volume
(Rp Billion)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
-
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 4.437
Last
Date
High
Low
Q1-Q2 2008
-
Q4
Q1
-
8.463
23-Jul
8.463
8.453
8.463
7.51
66.8%
-
Q2
8.368
8.371
28-Mar 16-May
8.368
8.409
8.371
8.368
8.371
8.368
4.06
1.01
36.0%
9.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
KREN01C
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
8.851
N/A 04-Jun
N/A
8.872
N/A
8.851
N/A
8.869
WA1
N/A
25.07
Volume2
N/A 133.7%
Turnover3
Modified Duration (Yrs): 8.362
Last
Date
High
Low
Q4
Q3
-
Q1
-
-
-
Q2
8.884
27-Feb
8.897
8.795
8.891
4.03
21.5%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
KREN01B
2.
KREN01C
Low
High
Weighted Avg.
Executed
Yield (%)
8.453
8.463
8.463
8.851
8.872
8.869
% of Total
Turnover
Ratio
(%)
8
0.01
16.70%
4.437
25
0.05
33.42%
8.362
33
0.06
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
KREN01B -
8
Q2-2007
Q3-2007
Q4-2007
Outstanding
-
Outstanding
--
45
KREN01C -
25
--
75
Outstanding
-
8
16
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
24
32
40
48
56
64
72
80
183
LPPI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
LONTAR PAPYRUS PULP & PAPER INDUSTRY
:
:
:
:
:
ADDRESS
Plaza BII, Menara 2 7th Floor
Jl. M.H. Thamrin No. 51, Jakarta
Phone : (021) 3929266 - 69
Fax : (021) 392-6179
idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian Rachmansjah Partawidjaja
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Change %
28,961
Cash & Cash Equivalents
255,028
Receivables
495,229
Inventories
866,680
Current Assets
5,458,446
Fixed Assets
979,203
Other Assets
8,775,405
Total Assets
3,695,855
Current Liabilities
1,738,928
Long Term Liabilities
5,434,783
Total Liabilities
Minority Interests
3,200,000
Authorized Capital
854,815
Paid up Capital
1
Paid up Capital (Shares)
1,000,000
Par Value
42,472
Retained Earnings
370,152,000
Total Equity
28,841
246,589
553,140
1,015,933
6,239,522
837,067
9,625,474
4,286,973
1,832,146
6,119,119
3,200,000
365,446
0.4
1,000,000
64,219
369,561
-0.42
-3.31
11.69
17.22
14.31
-14.52
9.69
15.99
5.36
12.59
N/A
-57.25
-57.25
51.20
-99.90
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
3,316,986
2,796,350
520,635
331,219
189,416
-120,573
68,843
48,951
19,893
12.57
15.45
-0.75
-11.17
24.85
58.89
N/A
-76.55
N/A
N/A
BALANCE SHEETS
PT Lontar Papyrus Pulp & Paper Industry is:
• One of the world’s largest vertically integrated pulp & tissue
companies.
• A major player in the primary markets of China, the Middle East,
Australia, USA, Taiwan, Japan and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its pulp and tissue
products.
• The direct employer of approximately 2,200 people.
• Committed to sustainability in all its operations.
PT Lontar Papyrus Pulp & Paper was established in Medan in 1974.
The Company is domiciled in Jambi, and its plant is located in Tebing
Tinggi, Jambi.
The main business activity of the Company is the production of pulp,
tissue and paper. The Company started production of paper in 1976,
pulp in 1994, and tissue in 1998, with a current total production capacity
of approximately 7,500 tons of paper, 680,000 tons of pulp, and 60,000
tons of tissue per annum.
The Company is a subsidiary of PT. Pindo Deli Pulp And Paper Mills,
which produces paper and tissue in Indonesia. Jointly, these companies
represent one of the largest vertically integrated producers of pulp,
paper and tissue in the world. The Company sells pulp and tissue
both domestically and through export. The Company directly employs
approximately 2,200 people.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2,946,690
2,422,120
524,569
372,859
151,710
-293,258
-141,548
208,757
-350,305
0.01
-3.99
-11.89
5.15
16.56 112,671.8
0.21
N/A
N/A
0.60
5.71
10.92
AS OF JUNE 2008
No.
1.
2.
184
Code
LPPI02A
LPPI02B
Series Name
I Tahun 2000 Seri A
I Tahun 2000 Seri B
Outstanding
(Rp Million)
325,000
500,000
Listing
Date
01-Oct-04
01-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
LPPI02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q2
Q1
-
-
Last
Date
High
Low
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.346
Q4
Q3
-
9.455
14-Aug
9.455
9.455
9.455
5.21
5.6%
Q1
-
Q2
10.040
05-Mar
10.040
10.040
10.040
1.05
1.2%
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
LPPI02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
12.5
15.0
10.0
12.0
7.5
9.0
5.0
6.0
2.5
3.0
YEAR 2007
Executed
Yield (%)
Q1
Q3
Q2
14.343
29-Mar
14.343
14.343
1
14.343
WA
10.01
Volume2
8.0%
Turnover3
Modified Duration (Yrs): 1.842
-
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
10.040
05-Mar
10.040
10.040
10.040
1.50
1.2%
-
-
Q2
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
% of Total
Turnover
Ratio
(%)
5
0.01
1.49%
9.346
10
0.02
2.00%
1.842
TRADING VOLUME
No.
Code
1.
LPPI02A
9.455
9.455
9.455
2.
LPPI02B
14.343
14.343
14.343
15
0.03
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
LPPI02A 350
Outstanding
--
LPPI02B
500
Outstanding
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
200
250
-300
350
400
450
500
550
185
LTLS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
LAUTAN LUAS TBK
:
:
:
:
:
ADDRESS
Graha Indramas, Jl. AIP II KS. Tubun Raya No.77
Jakarta - 11410
Phone : (021) 5367-7777
Fax : (021) 536-71120
idAWholesale (Durable & Non Durable Goods)
http://www.lautanluas.com
Herman Santoso
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT LAUTAN LUAS Tbk. Is a distributor of basic and specialty chemicals.
The Company was founded in 1951, as NV Lim Teck Lee Coy Ltd and
changed to its current name in 1965. The Company represents over 100
international principals, over 1,000 chemical products to more than 2,000
industrial customers throughout Indonesia and the Asia Pacific region.
To oversee its Distribution activities, the Company has five branch and
seven representative offices throughout Indonesia. For its international
markets, Lautan Luas has a regional subsidiary in Singapore and regional
offices in China, Thailand and Vietnam. Lautan Luas also has an affiliate
company to support Distribution activities in Indonesia, wherein the
Company hold minority stockholding.
The Company’s Manufacturing activities include 11 subsidiaries, wherein
Lautan Luas has majority stockholding, in Indonesia. In the region, Lautan
Luas participated in the establishment of five manufacturing facilities in
China and one in Vietnam through its Singapore regional subsidiary. The
Company also has six affiliate companies under Manufacturing.
Recently, the Company established a Support & Service line of
business in response to third party and internal requirements for value
add services. Subsidiaries under Support & Service include an R&D
applications laboratory, IT consultancy, supply chain services and water
treatment solutions.
PT LAUTAN LUAS Tbk is a publicly listed company on the Indonesia
Stock Exchange. In March 2008, the Company issued its third 5-year
corporate IDR bond.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
83,507
519,106
373,671
1,054,775
527,490
1,830,516
950,826
282,299
1,233,125
90,788
600,000
195,000
780
250
301,486
506,603
102,264
552,018
398,607
1,130,674
640,701
2,135,084
1,363,316
81,027
1,444,343
94,601
600,000
195,000
780
250
366,916
596,140
22.46
6.34
6.67
7.20
21.46
N/A
16.64
43.38
-71.30
17.13
4.20
21.70
17.67
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,413,259
2,051,762
361,497
273,479
88,018
-25,027
62,991
9,093
-24,221
29,677
2,712,536
2,195,855
516,681
328,348
188,333
-65,029
123,304
20,748
-30,886
71,670
12.40
7.02
42.93
20.06
113.97
-159.84
95.75
128.18
-27.52
141.50
2.43
1.62
1.23
3.65
2.42
3.36
2.64
6.94
-0.46
107.05
114.86
90.36
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
186
Code
LTLS03
Series Name
III Tahun 2008
Outstanding
(Rp Million)
500,000
Listing
Date
27-Mar-08
Maturity
Date
26-Mar-13
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.65%
26-Jun-08
26-Sep-08
26-Dec-08
26-Mar-09
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
LTLS03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
10.783
26-Mar
10.783
10.783
10.783
5.00
4.0%
10.937
17-Jun
10.937
10.238
10.937
41.03
32.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
187
MAIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
MALINDO FEEDMILL TBK
:
:
:
:
:
idA+(bg)
Animal Feed
Ong Beng Siong
Bank Permata Tbk
ADDRESS
Jl. R.S. Fatmawati No. 39, Komplek Duta Mas Fatmawati Blok A1 No. 30-31-32
Cipete Utara – Kebayoran Baru, Jakarta - 12150
Phone : (021) 722-8383
Fax : (021) 723-7778
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
7,325
98,742
35,517
175,929
157,694
342,757
158,097
12,219
170,316
58,587
33,900
339
100
100,477
172,441
8,592
126,596
95,813
288,221
195,129
504,827
295,041
22,076
317,117
58,587
33,900
339
100
115,746
187,710
17.30
28.21
169.77
63.83
23.74
N/A
47.28
86.62
80.67
86.19
N/A
15.20
8.85
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
893,494
763,033
130,461
55,665
74,796
-3,459
71,337
23,926
47,411
1,085,559
974,393
111,166
54,588
56,578
-15,069
41,509
13,358
28,151
21.50
27.70
-14.79
-1.94
-24.36
-335.63
-41.81
-44.17
N/A
-40.62
0.99
13.83
5.31
8.37
1.69
5.58
2.59
5.21
71.05
-59.69
-51.13
-37.74
BALANCE SHEETS
PT Malindo Feedmill Tbk (the Company) produces and trades animal
feed, particularly broiler breeder feed, broiler layer feed, layer breeder
feed and commercial Day Old Chicks (DOC). The Company also invests
in subsidiaries that produces and markets parent stock DOC, Commercial
DOC and Broiler chickens.
The Company was established in 1998, with the name of PT Gymtech
Feedmill Indonesia. The Company has legally changed its name to PT
Malindo Feedmill in 2000 and become a Public Company in 2006. The
Company keep made rapid expansion progress till today.
In 2000, the Company ventured into the business of feedmilling by
acquiring a 150,000 MTon annual production capacity. In 2001, the
Company further expanded its business by acquiring three existing
breeder farms measuring 80 hectares with total production capacity of
nearly 50 million DOCs. In 2003. the Company expanded to Surabaya
by acquiring one Feedmill with an annual capacity of 300,000 MTon and
one breeding farm. The Company has a wholly owned subsidiary PT
Bibit Indonesia, a producer and marketer of Parent Stock (PS) DOC.
In year 2007, the Company has completed its new breeding and hatchery
farm in Probolinggo and Pasuruan, this will give a total DOC capacity per
annum of 68 million chicks. Further to that, the Company also added
a new Grand Parent Stock (GPS) Farm in Majalengka and with these
additional Farm, the annual GPS production capacity raises to 1.8 million
PS DOC.
In August 2007, the Company has incorporated its broiler business
through its new subsidiary PT Prima Fajar. The main activities of PT
Prima Fajar is the cooperation with the local farmers to raise broiler
chicken (Plasma Farming) and the locations are in Bandung, Bogor,
Sukabumi and Serang with total annual capacity of 13.3 million broiler
birds.
In April 2008, the Company acquired 99.69% shares of PT Leong
Ayamsatu Primadona (LAP). LAP main business is produces and trades
DOC and broiler chickens with annual capacity of 62 million of DOC and
6 million broiler birds.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
188
Code
MAIN01
Series Name
I Tahun 2008
Outstanding
(Rp Million)
300,000
Listing
Date
10-Mar-08
Maturity
Date
06-Mar-13
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.80%
Rating
06-Jun-08
06-Sep-08
idA+(bg)
06-Dec-08
06-Mar-09
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MAIN01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
175
10.0
140
8.0
105
6.0
70
4.0
35
2.0
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
-
9.126
30-Jun
9.126
9.076
9.126
158.37
211.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
189
MASP MASPION
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kembang Jepun No. 38-40
Surabaya 60162
Phone : (031) 353-1445, 354-1040
Fax : (031) 353-3055, 353-3218
idAHouseware
http://www.maspion.com
Welly Muliawan
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Maspion Tbk (MSPN) was established on February 10, 1971 and
based in Surabaya, East Java, is a producer variety of kitchenware,
plastic house wares, and electrical home appliances. The Company is a
flagship company of Maspion Group, which is also engaged in property,
banking, and other household products. The Company’s ultimate
shareholders consist of family members of Alim Husin, the founding
father of the Maspion Group.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
183,973
523,941
653,130
1,480,853
526,970
21,237
4,128,131
832,948
541,536
3,049,412
194
1,000,000
575,630
576
1,000
488,227
1,054,090
257,061
495,274
630,983
1,580,674
494,159
24,436
4,385,910
1,211,892
275,733
3,262,466
212
1,000,000
575,630
576
1,000
530,654
1,096,689
39.73
-5.47
-3.39
6.74
-6.23
15.06
6.24
45.49
-49.08
6.99
9.25
8.69
4.04
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,386,788
2,019,506
367,283
181,236
186,047
-134,087
46,032
23,202
-3,762
19,068
2,500,117
2,087,460
412,658
193,018
219,640
-156,548
63,440
31,423
-2,126
42,427
4.75
3.36
12.35
6.50
18.06
-16.75
37.82
35.43
43.50
122.51
2.89
0.46
0.80
7.79
2.97
0.97
1.70
8.79
2.83
109.43
112.42
12.70
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
190
Code
MASP01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
192,500
Listing
Date
11-Jul-03
Maturity
Date
08-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.50%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MASP01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
11.336 11.154
22-Feb 28-Jun
11.628 11.949
11.273 11.050
11.410 11.236
WA1
205.84 128.80
Volume2
427.7% 267.6%
Turnover3
Modified Duration (Yrs): 4.274
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
11.369
19-Sep
11.369
10.900
11.369
39.78
82.6%
11.230 10.773
18-Dec 28-Mar
11.416 10.931
11.135 10.631
11.416 10.789
11.36
49.15
23.6% 102.1%
3.301
20-Jun
3.551
3.088
3.313
42.43
88.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
MASP01XXBFTW
Low
High
10.900
11.949
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
386
0.74
200.40%
386
0.74
TRADING VOLUME
(Billion Rp)
11.416
TOTAL
Modified
Duration (Yrs)
End of Year
4.274
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q4-2007
206
MASP01XXBFTW
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
129
193
Outstanding
I N D O N E S I A
Q3-2007
40
11
-120
160
200
240
280
320
360
400
191
MAYA BANK MAYAPADA INTERNASIONAL TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
Baa1.id
Bank
http://www.bankmayapada.com
Bambang Raharjo
Bank Mega Tbk
PROFILE
PT Bank Mayapada International began operating as comercial bank
in 1990, Ander the notary act misahardi wilamarta no. 196/September
1989. bank mayapada legally stated by law ministry no. C2-25 HT.01.01.
TH90 on Januari 1oth, 1990.
Mayapada Bank received the permition as devisa bank in 1993 by
Indonesian central bank statement no.26/26/kep/dir, June 3th, 1993.
Strongly public support to integrirty and Mayapada Bank resources
strenghten the management’s need to enhance kind of services to the
Branco offices in java and bali. This rapid developement reflected the
dynamic and health of indonesian’s economic conditions.
ADDRESS
Mayapada Tower, Ground Floor
Jl. Jend. Sudirman Kav. 28, Jakarta - 12920
Phone : (021) 521-2288, 521-2300
Fax : (021) 521-1985, 521-1995
FINANCIAL HIGHLIGHT
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
18,649
196,677
81,061
2,493,172
213,683
51,962
3,699,865
3,023,143
17,619
93
15,973
3,328,594
650,000
284,129
1,288
500 & 100
70,701
371,271
Dec-2007
36,298
194,886
466,453
3,023,510
224,301
78,237
4,474,878
2,961,851
12,619
14,459
3,533,226
650,000
412,956
2,577
500 & 100
76,959
941,652
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
482,815
326,611
11,450
113,245
54,409
-1,510
52,899
16,714
36,185
497,385
275,950
11,392
174,122
58,705
242
58,947
18,202
40,744
3.02
-15.51
-0.51
53.76
7.90
N/A
11.43
8.90
N/A
12.60
8.97
0.98
7.49
11.27
3.75
0.91
8.19
11.80
-58.15
-6.90
9.30
4.74
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
192
Million Rp except Par Value
Change %
94.64
-0.91
475.43
21.27
N/A
4.97
50.57
20.95
-2.03
-28.38
-100.00
-9.48
6.15
N/A
45.34
100.00
8.85
153.63
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
MAYA01B
1.
2.
Subordinasi I Tahun 2005
4.
MAYA02B
II Tahun 2007 Seri B
MAYA02C
Subordinasi II Tahun
2007
45,500
50,000
II Tahun 2007 Seri A
MAYA02A
3.
Outstanding
(Rp Million)
300,000
150,000
Listing
Date
28-Feb-05
30-May-07
30-May-07
30-May-07
Maturity
Date
25-Feb-15
29-May-10
Issue
Term
Coupon
Structure
Coupon
Payment
Date
5/10 Years
Year 1: 13.00%; Year 2:
13.00%; Year 3: 13.50%;
Year 4: 14.00%; Year 5:
14.50%; Year 6-10: 18.00%
25-Feb-07
25-May-07
25-Aug-07
25-Nov-07
Baa1.id
Fixed: 11.75%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
A2.id
Fixed: 12.00%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
A2.id
3 Years
Rating
29-May-12
5 Years
29-May-17
29-Aug-07
Year 1-5: 12.50%; Year 5- 29-Nov-07
10 Years
6: 21.50%
29-Feb-08
29-May-08
Baa1.id
TRADING HIGHLIGHT
MAYA01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
35.0
12.5
28.0
10.0
21.0
7.5
14.0
5.0
7.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q2
Q1
-
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.811
-
Q4
10.427
05-Sep
10.427
9.522
9.525
30.55
268.5%
Q2
Q1
-
-
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
MAYA02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
8.685
N/A 26-Jun
8.685
N/A
N/A
8.679
8.682
N/A
WA1
N/A
4.01
Volume2
N/A 32.1%
Turnover3
Modified Duration (Yrs): 6.442
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
8.702
18-Sep
8.702
8.702
8.702
4.99
39.9%
8.601
29-Oct
8.609
8.601
8.605
5.05
40.4%
Q1
Q2
-
8.647
13-Jun
8.654
8.647
8.654
1.51
12.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
193
MAYA02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
8.799
N/A 25-Jun
N/A
8.813
N/A
8.799
1
N/A
8.799
WA
2
N/A
4.51
Volume
N/A
6.0%
Turnover3
Modified Duration (Yrs): 8.798
Last
Date
High
Low
Q3
Q4
Q1
8.813
18-Jul
8.813
8.813
8.813
4.00
5.3%
8.771
28-Dec
8.771
8.718
8.723
8.05
10.7%
Q2
-
8.813
26-Jun
8.813
8.640
8.646
6.62
8.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MAYA02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.046
N/A 19-Jun
N/A
9.046
N/A
9.046
N/A
9.046
WA1
N/A
20.60
Volume2
N/A 54.9%
Turnover3
Modified Duration (Yrs): 8.689
Last
Date
High
Low
Q4
-
Q1
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
MAYA01B
9.522
10.427
9.525
31
0.06
67.13%
7.811
2.
MAYA02A
8.601
8.702
8.605
14
0.03
28.09%
6.442
3.
MAYA02B
8.718
8.813
8.723
17
0.03
5.52%
8.798
4.
MAYA02C
9.046
9.046
9.046
21
0.04
13.73%
8.689
82
0.16
Executed Yield (%)
Low
TOTAL
194
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MAYA01B -
31
Q3-2007
Q4-2007
Outstanding
46
Outstanding
Q2-2007
--
MAYA02A - 4 5 5
50
Outstanding
--
MAYA02B - 5 4 8
300
Outstanding
MAYA02C -
21 150
Outstanding
-
30
60
-90
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
S T O C K
E X C H A N G E
120
150
180
210
240
270
300
330
195
MEDC MEDCO ENERGI INTERNASIONAL TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idAACrude Petroleum & Natural Gas Production
http://www.medcoenergi.com/
Cisca Alimin
Bank Niaga Tbk
ADDRESS
Graha Niaga Building, 16th Fl. Jl. Jend. Sudirman No. 58
Jakarta - 12190
Phone : (021) 250-5459
Fax : (021) 250-5694, 250-5536
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Medco Energi Internasional Tbk is an Indonesia-based integrated
energy company. The Company is engaged in oil and gas exploration
and production, drilling services, methanol production and the power
generation industry.
The Company has three business areas: oil and gas exploration and
production, onshore and offshore drilling services and methanol
production and sales. Through PT Exspan Nusantara, its primary oil and
gas exploration and production business, the Company oversees over
17 operating blocks comprise 12 exploration blocks and four producing
blocks within its working area.
Through PT Apexindo Pratama Duta Tbk, the Company provides
integrated oil and gas drilling services. In addition, the Company
embarked on downstream activities through its subsidiary, PT Medco
Methanol Bunyu, which is set up to operate a methanol plant under a
20-year joint management agreement with Pertamina, a state owned oil
company. The Company is headquartered in Jakarta, Indonesia.
.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
47.63
55.71
39.44
36.84
12.61
47.23
21.70
57.10
25.16
31.90
8.39
0.43
2.19
1,699,578 2,509,015
1,725,936 2,687,386
437,725
610,350
5,115,672 7,000,537
4,237,543 4,771,745
253,559
373,313
16,620,285 20,227,590
2,263,951 3,556,598
8,412,913 10,529,414
10,684,977 14,093,965
1,099,192 1,191,440
400,000
400,000
333,245
333,245
3,332
3,332
100
100
2,691,631 2,703,079
4,836,116 4,942,184
7,151,460 9,248,295
29.32
4,557,149 5,779,390
26.82
2,594,310 3,468,906
33.71
969,636 1,255,633
29.50
1,624,674 2,213,273
36.23
-94,487 -1,160,690 -1,128.41
1,530,187 1,052,583
-31.21
-25.28
1,074,325
802,760
-111,374
-188,180
-68.96
-82.11
344,488
61,643
2.21
2.07
4.82
22.72
2.85
0.30
0.67
23.93
29.07
-85.30
-86.16
5.34
AS OF JUNE 2008
No.
1.
196
Code
MEDC01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
1,350,000
Listing
Date
13-Jul-04
Maturity
Date
12-Jul-09
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.125%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
Rating
idAA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MEDC01
Trading Volume
(Rp Billion)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
10.092
9.992
9.954
29-Mar 28-Jun 28-Sep
10.434 10.234 10.985
10.054
9.936
9.700
10.319 10.091
9.936
WA1
521.24 507.74 457.74
Volume2
154.4% 150.4% 135.6%
Turnover3
Modified Duration (Yrs): 4.131
Last
Date
High
Low
Q4
Q1
Q2
10.241
28-Dec
10.330
9.989
10.097
230.69
68.4%
10.127 10.149
28-Mar 26-Jun
10.623 10.436
10.044
9.924
10.127 10.077
263.18 655.76
78.0% 194.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
MEDC01
9.700
10.985
10.097
Executed Yield (%)
TOTAL
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
3.309
127.21%
4.131
TRADING VOLUME
(Billion Rp)
1,717.4
1,717.4
3.309
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
521
MEDC01
Q3-2007
508
Q4-2007
458
1,350
Outstanding
-
200
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
600
Outstanding
231
--
800
1,000
1,200
1,400
1,600
1,800
2,000
197
MEGA BANK MEGA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Bank Mega
Jl. Kapten Tendean 12 - 14A, Jakarta - 12970
Phone : (021) 7917-5000
Fax : (021) 7917-5015, 7918-7100
A(idn)
Bank
http://www.bankmega.com/
Dony Oskaria
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bank Mega is originally named Bank Karman which formed in 1969 and
located in Surabaya; in 1996 it was acquired by the Para Group and
changed the logo to further improve the image and establishing the bank
in the public mind as a trusted financial institution. In 2000 to improve
the capital structure, Bank Mega undertook an Initial Public Offering by
offering its shares to the public. Bank Mega has received a license from
Bank Indonesia as a Foreign Exchange Bank, enabling a widening of its
business operations. Bank Mega, known to the public through its slogan
“Mega Tujuan Anda” (Your Grand Design), developed strongly and in a
focused manner to become a well known financial institution capable
of ranking with major banks in the Asia Pacific. In its efforts to realize
a level of performance in line with the significance of its name, Bank
Mega relies on professionalism, transparency and prudential standards
in terms of its strong capital structure and up-to-date banking products
and facilities. With the vision of “Pride of the Nation” Bank Mega has
realized a number of Company strategies aimed at achieving strong
growth and development. In the conduct of its operations, the Company
has continued to improve the quality of its products and services in order
to be able to compete on a level with banks recognized across the Asia
Pacific. Bank Mega’s products and services include Personal, which
consists of savings, lending, credit cards, e-banking and special services;
Corporate, which comprises corporate savings, corporate lending,
special financing and corporate services; treasury, which includes bank
notes, currency swaps and general foreign exchange; trade Finance,
which consists of money transfer, letters of credit, bank guarantees and
standby letters of credit, and Private Banking. Headquartered in Jakarta,
Indonesia, as of September 2008 Bank Mega’s network has reached 76
branch, 106 sub branch and one cash outlet.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
301,734
1,056,456
14,728,533
10,839,026
674,675
357,208
30,972,910
28,052,768
64,363
135,045
259,867
29,038,609
900,000
812,722
1,625.44
500
334,180
1,934,301
Dec-2007
532,011
1,259,660
14,549,382
13,843,320
753,647
428,035
34,907,728
30,605,842
84,663
422,685
144,697
31,968,591
900,000
812,722
1,625.44
500
854,899
2,939,137
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
3,037,829
2,292,312
117,478
584,821
227,913
-5,929
221,984
70,286
151,698
3,343,898
1,953,050
245,067
789,492
746,116
-96
746,020
225,301
520,719
10.08
-14.80
108.61
35.00
227.37
98.38
236.07
220.55
N/A
243.26
15.01
0.49
4.99
7.50
10.88
1.49
15.57
22.31
-27.55
204.57
211.84
197.40
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
76.32
19.23
-1.22
27.72
N/A
11.71
19.83
12.70
9.10
31.54
213.00
-44.32
10.09
N/A
155.82
51.9
AS OF JUNE 2008
No.
1.
198
Code
MEGA01
Series Name
subordinasi Tahun 2007
Outstanding
(Rp Million)
1,000,000
Listing
Date
16-Jan-08
Maturity
Date
15-Jan-18
Issue
Term
Coupon
Structure
10 Years
Coupon
Payment
Date
15-Apr-08
Year 1-5: 11.50%; Year 6- 15-Jul-08
10: 21.50%
15-Oct-08
15-Jan-09
Rating
A(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MEGA01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.187
27-Mar
10.269
9.123
9.187
91.35
36.5%
9.070
18-Jun
9.106
9.051
9.103
111.39
44.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
199
MLSS MULIAGLASS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Wisma Mulia 53th Floor
Jl. Jend. Gatot Subroto No. 42, Jakarta - 12710
Phone : (021) 520-0959
Fax : (021) 520-0763
N.A
Ceramics, Glass, Porcelain
Nilakusuma Dewayani
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
BALANCE SHEETS
PT Muliaglass was founded in October 6th 1989. Its office and factory
are located at Cikarang West Bekasi, West Java.
According to its by law, the company’s main business is producingg
glass products, bottles, and glass blocks. The company began its main
operation since May 1st 1993.
Million Rp except Par Value
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
31,846
32,619
427,008
582,221
330,006
362,484
976,025 1,129,904
1,518,288 1,469,640
1,810
1,864
2,576,622 2,685,837
3,349,920 3,716,132
60,418
86,254
3,410,338 3,802,385
500,000
500,000
464,000
464,000
464
464
1,000
1,000
-1,351,716 -1,634,548
-833,716 -1,116,548
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,427,717
1,400,677
27,040
242,707
-215,668
125,826
-89,842
7,061
-96,903
1,661,463
1,401,992
259,471
256,950
2,522
-289,360
-286,838
-4,006
-282,832
16.37
0.09
859.59
5.87
N/A
N/A
-219.27
N/A
N/A
-191.87
-4.09
-3.76
-6.79
-15.11
-3.41
-10.53
-17.02
0.15
16.75
-180.00
-150.81
N/A
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
2.43
36.35
9.84
15.77
-3.20
3.02
4.24
10.93
42.76
11.50
N/A
-20.92
-33.92
AS OF JUNE 2008
No.
1.
2.
200
Code
MLSS01ASBVTW
MLSS01BSBVTW
Series Name
I Senior A Tahun 2000
I Senior B Tahun 2000
Outstanding
(Rp Million)
17,382
10,800
Listing
Date
21-Dec-00
21-Dec-00
Maturity
Date
31-Oct-07
31-Oct-07
Coupon
Payment
Date
Issue
Term
Coupon
Structure
7 Years
From 15.00% to 18.00%
p.a.
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
N.A
From 15.00% to 18.00%
p.a.
31-Jan-07
01-May-07
01-Aug-07
01-Nov-07
N.A
7 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MLSS01ASBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
MLSS01BSBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
MLSS01ASBVTW
2.
MLSS01BSBVTW
Low
High
-
-
-
-
-
-
TRADING VOLUME
(Billion Rp)
% of Total
-
TOTAL
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
-
-
-
-
-
-
-
-
-
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
MLSS01ASBVTW 17
Outstanding
--
MLSS01BSBVTW 11
Outstanding
-
2
4
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
-6
8
10
12
14
16
18
20
201
MPPA MATAHARI PUTRA PRIMA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Matahari- Lippo Life 20th Fl., Boulevard Palem Raya 7
Karawaci, Tangerang - 15811
Phone : (021) 546-9333, 547-5333
Fax : (021) 547-5757
idA+
Retail Trade
http://www.matahari.co.id/
Lina Latif
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Matahari is Indonesia’s largest multi-format modern retailer, whose focus
is to serve the most potential middle - middle upper customers spread
throughout the nation’s archipelago. Established in 1958, Matahari has
been evolving from a small store selling children clothing in Pasar Baru,
Jakarta to become a national retail giant with more than 285 stores
spread over 50 cities around Indonesia.
Through the knowledge and experience in doing retail business for
the past 50 years, Matahari’s vision is to become a prominent market
leader nationally and to be recognized as a well-respected retail player
internationally. Matahari is committed to spearhead a continuing growth
in the future, whilst at the same time, plays an active role to the economy,
social and cultural development of Indonesia
Supporting this vision, Matahari’s mission is to become the premier
choice of shopping to its customers, and dominates the middle-middle
upper segment through its core retail businesses, Matahari Department
Stores (MDS) & Matahari Food Business (MFB) as well as its subsidiaries
operation, Timezone & Times Bookstores.
To carry out this objective, Matahari offers a wide variety of products,
which includes both domestic and international brands, as well as the
emerging popularity of private brands, whose quality is getting more
recognized by the consumers nowadays. Although the main contribution
still come from fashion clothing business, Matahari also offers other
products suitable for its customers’ tastes, such as shoes, bags,
accessories, cosmetics, toys and household items. More importantly,
our hypermart & foodmart division also offers a full range of daily needs
to complement the one stop shopping concept, ranging from groceries,
toiletries to perishable goods
.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
1,230,858
218,000
790,945
2,468,444
2,005,128
208,458
6,055,088
1,526,078
2,301,312
3,827,390
62,108
5,400,000
1,352,997
2,706
500
941,076
2,165,590
2,763,702
227,741
906,377
4,426,455
1,696,599
275,556
8,403,470
1,969,406
3,130,036
5,099,442
58,861
5,400,000
2,355,961
4,712
500
1,074,328
3,245,167
124.53
4.47
14.59
79.32
-15.39
32.19
38.78
29.05
36.01
33.24
-5.23
74.13
74.13
14.16
49.85
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
8,487,654
6,177,367
2,310,287
1,908,920
401,367
-211,699
195,730
38,219
2,985
160,496
9,768,075
7,188,981
2,579,094
2,171,086
408,008
-202,629
213,707
36,763
3,247
180,191
15.09
16.38
11.64
13.73
1.65
4.28
9.18
-3.81
8.78
12.27
1.77
2.65
1.89
4.73
1.57
2.14
1.84
4.18
-11.09
-19.10
-2.45
-11.67
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
202
Code
Series Name
MPPA02A
II Tahun 2004
MPPA02B
Syariah Ijarah I Tahun
2004
Outstanding
(Rp Million)
300,000
150,000
Listing
Date
12-May-04
12-May-04
Maturity
Date
11-May-09
11-May-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
Fixed: 13.80%
5 Years
Ijarah Fee 13.80%
11-Feb-07
11-May-07
11-Aug-07
11-Nov-07
Rating
idA+
11-Feb-07
11-May-07
idA+(sy)
11-Aug-07
11-Nov-07
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
MPPA02A
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
8.921
9.090
9.087
27-Feb 28-Jun 14-Sep
9.087
9.106
9.259
8.857
8.851
8.911
8.878
8.980
8.927
WA1
32.59
59.77 185.40
Volume2
43.5% 79.7% 247.2%
Turnover3
Modified Duration (Yrs): 8.112
Last
Date
High
Low
Q4
Q1
Q2
8.932
12-Dec
9.068
8.893
8.896
59.50
79.3%
8.959
9.082
31-Mar 20-Jun
9.188
9.081
8.885
8.879
9.072
9.080
40.71 199.67
54.3% 266.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MPPA02B
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.149
9.173
23-Mar 25-Jun
9.149
9.174
9.023
9.082
1
9.138
9.082
WA
16.18
10.65
Volume2
43.2% 28.4%
Turnover3
Modified Duration (Yrs): 7.132
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.100
25-Sep
9.137
9.038
9.100
7.21
19.2%
9.056
26-Dec
9.134
8.947
9.099
27.66
73.8%
9.022
24-Mar
9.090
9.009
9.022
11.37
30.3%
9.028
25-Jun
9.237
8.932
8.987
16.79
44.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Code
No.
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
MPPA02A
8.851
9.259
8.896
337
0.65
112.42%
8.112
2.
MPPA02B
8.947
9.174
9.099
62
0.12
41.14%
7.132
399
0.77
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MPPA02A
33
Q2-2007
Q3-2007
60
Q4-2007
Outstanding
185
Outstanding
59
--
300
16
MPPA02B
11 7
28
--
150
Outstanding
-
35
70
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
105
140
175
210
245
280
315
350
203
MYOR MAYORA INDAH TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Tomang Raya No. 21 - 23
Jakarta
Phone : (021) 565-5311, 565-5314
Fax : (021) 565-5323
idA+
Food And Beverages
http://www.mayora.co.id
Andi Laurus
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Mayora Indah Tbk. Produces biscuits, cookies and sweets. Founded
in 1977, it took over PT Unita Branindo in 1990, a wafer and chocolate
manufacturer also owned by the company founder. Ever since the take
over, the company has owned seven location of factories in Tangerang,
Bekasi and Surabaya.
As of today, PT Mayora Indah Tbk has 6 (six) divisions which manufacture
various yet integrated products consisting of:
DIVISION
Biscuit
Candy
Wafer
Chocolate
Coffee
Health Food
TRADE MARK
Roma, Danisa, Better, Slai O Lai
Kopiko, Milko, Kis, Tamarin
Beng Beng, Astor, Roma Wafer Coklat
Choki-choki, Danisa
Torabika Duo, Torabika Duo Susu, Torabika Moka,
Torabika 3 in One, Torabika Cappuccino
Energen Cereal
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
54,255
459,085
230,681
796,223
738,125
1,553,377
203,673
358,772
563,333
20,567
1,500,000
383,292
767
500
521,928
969,476
120,002
585,999
266,716
1,043,843
774,390
1,893,175
356,123
428,911
785,784
25,596
1,500,000
383,292
767
500
636,687
1,081,795
121.18
27.65
15.62
31.10
4.91
N/A
21.87
74.85
19.55
39.49
24.45
21.99
11.59
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,971,513
1,464,582
506,931
336,026
170,905
-29,161
141,744
43,835
-4,333
93,576
2,828,440
2,199,880
628,560
389,846
238,713
-28,885
209,828
63,210
-5,029
141,589
43.47
50.21
23.99
16.02
39.68
0.94
48.03
44.20
-16.04
51.31
0.58
6.02
4.75
8.67
0.73
7.48
5.01
8.44
25.01
24.15
5.47
-2.64
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
204
Code
MYOR02XXBFTW
MYOR03
Series Name
II Tahun 2003
III Tahun 2008
Outstanding
(Rp Million)
200,000
100,000
Listing
Date
16-Jul-03
06-Jun-08
Maturity
Date
11-Jul-08
05-Jun-13
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.00%
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idA+
Fixed: 13.75%
05-Sep-08
05-Dec-08
05-Mar-09
05-Jun-09
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
3.
Sukuk Mudharabah I
Tahun 2008
SMKMYOR01
200,000
06-Jun-08
05-Jun-13
05-Sep-08
05-Dec-08
idA+ (sy)
05-Mar-09
05-Jun-09
Nisbah of Revenue
Sharing: 55.00%
5 Years
TRADING HIGHLIGHT
MYOR02XXBFTW
Trading Volume
(Rp Billion)
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
Q1-Q2 2008
Q3
Q4
11.003 10.625 10.726 10.650
25-Jan 26-Jun 19-Sep 26-Dec
11.106 10.867 10.847 10.837
10.729 10.535 10.512 10.634
1
10.863 10.535 10.726 10.775
WA
57.22
58.47
16.02 141.76
Volume2
116.9% 32.0% 283.5% 114.4%
Turnover3
Modified Duration (Yrs): 3.695
Last
Date
High
Low
Q1
Q2
10.254
18-Mar
10.482
10.132
10.273
33.48
67.0%
3.438
25-Jun
3.527
3.305
3.438
7.32
14.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
MYOR03
Trading Volume
(Rp Billion)
2.50
12.5
2.00
10.0
1.50
7.5
1.00
5.0
0.50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.952
09-Jun
9.952
9.952
9.952
2.00
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SMKMYOR01
No Transaction in Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
1.
Code
MYOR02XXBFTW
Low
High
10.512
11.106
% of Total
Turnover
Ratio
(%)
273
0.53
136.73%
273
0.53
TRADING VOLUME
(Billion Rp)
10.775
TOTAL
Modified
Duration (Yrs)
End of Year
3.695
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
MYOR02XXBFTW
Q2-2007
58
16
Q4-2007
57
200
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Outstanding
142
Outstanding
I N D O N E S I A
Q3-2007
90
-120
150
180
210
240
270
300
205
NEFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
NEWERA FOOTWEAR INDONESIA
:
:
:
:
:
ADDRESS
Jl. Permata Juanda, West Wing Super Bok B 3-7
Sidoarjo 61253, Jawa Timur
Phone : (031) 868-8888
Fax : (021) 868-9999
N.A
Footwear
Willy Budiono
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Newera Footwear Indonesia Tbk was etablished on November 5,
1996, located in Gresik, East Java – Indonesia. The Company’s line of
business is focusing on footwear such as shoes, sandals, especially
for sport touring, shopping and relaxing. The Company’s has 8 sole
distributors and more than 100 agents spreading in Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
115
42,737
88,174
133,504
57,984
218,763
89,771
29,790
119,561
330
400,000
103,000
0.10
1,000,000
23,868
98,872
352
35,023
83,403
119,439
48,775
206,439
91,977
29,790
121,767
344
400,000
103,000
0.10
1,000,000
-4,128
84,328
205.89
-18.05
-5.41
-10.54
-15.88
N/A
-5.63
2.46
1.84
4.38
N/A
-14.71
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
72,893
79,383
-6,490
13,665
-20,155
-19,468
-39,623
-11,609
18
-27,996
67,623
68,684
-1,062
21,085
-22,147
-1,059
-23,206
-8,677
-14
-14,544
-7.23
-13.48
83.64
54.30
-9.88
94.56
41.43
25.26
N/A
48.05
1.21
-12.80
-38.41
-27.65
1.44
-7.05
-21.51
-32.75
19.41
44.95
44.00
-18.45
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
206
Code
NEFI01XXBFTW
Series Name
I Tahun 2003
Outstanding
(Rp Million)
31,500
Listing
Date
21-Nov-03
Maturity
Date
20-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 15.50%
20-Feb-07
20-May-07
20-Aug-07
20-Nov-07
Rating
N.A
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
NEFI01XXBFTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
NEFI01XXBFTW
Low
High
-
-
TRADING VOLUME
(Billion Rp)
-
TOTAL
% of Total
-
-
-
-
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
-
-
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
NEFI01XXBFTW 32
Outstanding
-
5
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
15
-20
25
30
35
40
45
50
207
NISP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
BANK NISP TBK
:
:
:
:
:
ADDRESS
Bank NISP Tower
Jl. Prof. Dr. Satrio Kav. 25, Jakarta - 12940
Phone : (021) 2553-3888
Fax : (021) 5794-4000
idA+
Bank
http://www.banknisp.com
Alfatihatmy
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Bank NISP Tbk. (“Bank NISP” or the “Bank”) is the fourth oldest
bank in Indonesia, dating back to April 4, 1941, when it was established
in Bandung under the name of NV Nederlandsch Indische Spaar En
Deposito Bank.
Bank NISP slowly but surely evolved into a solid and reliable bank,
catering mainly to the Small and Medium Enterprise (SME) segment. It
became a commercial bank in 1967, a licensed foreign exchange bank in
1990, and a publicly listed bank on Indonesia Stock Exchange in 1994.
In the late nineties, the Bank successfully weathered the Asian .financial
crisis and subsequent collapse of the banking sector in Indonesia, without
Government recapitalization bonds. In fact, Bank NISP became one of
the few banks in the country to resume large-scale lending immediately
following the crisis.
The initiative paved the way for the Bank’s unprecedented rise in the new
millennium. Total assets tripled between 2001 and 2005, and continued
to grow robustly.
OCBC Bank-Singapore had become the controlling shareholder of
the Bank by owning 74.73% shares of Bank NISP through a series of
acquisition since 2004.
With the support from OCBC Bank-Singapore, Bank NISP embarked
on an ambitious expansionary program to position itself as a National
Bank.
In 2006, the Bank moved its new Headquarters to Bank NISP Tower, in
the center of Jakarta.
In 2007, Bank NISP continues to put significant investments in
infrastructure, including human resources, information technology and
branch network. By 2007, the Bank has 352 of .offices in 55 cities.
Million Rp except Par Value
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
318,696
611,016
4,736,266
15,410,325
60,644
603,209
471,854
24,205,990
19,627,127
60,229
513,500
21,751,058
1,200,000
616,996
4,935.97
125
1,084,677
2,454,932
Dec-2007
616,441
1,408,604
3,853,184
18,857,535
67,880
729,765
812,296
28,969,069
22,417,770
65,100
802,764
567,600
25,600,443
1,200,000
726,822
5,814.57
125
1,334,661
3,368,626
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
2,540,496
1,635,375
215,959
790,085
330,995
1,883
332,878
95,843
237,035
2,623,282
1,444,965
335,617
1,164,587
349,347
2,546
351,893
101,809
250,084
3.26
-11.64
55.41
47.40
5.54
35.21
5.71
6.22
N/A
5.51
8.86
0.98
9.33
13.03
7.60
0.86
9.53
13.32
-14.23
-11.84
2.18
2.21
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
93.43
130.53
-18.65
22.37
11.93
20.98
72.15
19.68
14.22
8.09
56.33
N/A
17.70
N/A
17.80
17.80
23.05
37.2
AS OF JUNE 2008
No.
1.
208
Code
Series Name
NISP02
Subordinasi II Tahun
2008
Outstanding
(Rp Million)
600,000
Listing
Date
12-Mar-08
Maturity
Date
11-Mar-18
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
Year 1-5: Fixed: 11.10%
11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09
Rating
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
NISP02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
8.908
9.610
N/A 06-Mar 26-Jun
N/A
8.911
9.841
N/A
8.902
8.918
8.907
N/A
8.972
N/A 177.04 434.83
N/A 118.0% 289.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
209
OTMA OTO MULTIARTHA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Summitmas II, 18th Floor
Jl. Jend. Sudirman Kav. 61 - 62, Jakarta - 12190
Phone : (021) 522-6410
Fax : (021) 522-6424
idA+
Financial Institution
http://www.oto.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT OTO MULTIARTHA (OMA) is one of Indonesia’s leading independent,
non-captive, automotive finance companies. OMA was incorporated in
Jakarta as PT Manunggal Multi Finance on 28 March 1994. In September
1995 OMA changed its name to PT Oto Multiartha as a reflection of its
business focus in automobile financing.
In 1996, Sumitomo Corporation, Japan acquired a majority stake in OMA.
Sumitomo Corp is a Japanese integrated business enterprise which
has subsidiaries and affiliates throughout the world. With the support
of Sumitomo Corp, OMA has grown extensively, doubling its number of
total car financing.
OMA’s main business is financing the purchase of new and used
automobiles. As OMA has no affiliation to any car distributors, OMA has
flexibility to finance most brands of cars in the market. OMA has been
able to enjoy the strong growth of the Indonesian domestic car market
over the last few years.
Currently OMA has an extensive network in 31 major Indonesian cities
with a total of 44 branches and marketing points. In looking to provide
a “one-stop-service” to its customers, OMA developed a web site (www.
oto.co.id) which has been recognized as the first Automotive Portal in
Indonesia.
Today OMA has been able to maintain its position as one of the leading
players in Indonesia car financing business.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
120,653
320,822
12,699
21,876
Other Recievables
Consumer Financing
3,521,222 5,224,461
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
99,475
92,144
Other Assets
113,324
64,062
Total Assets
4,157,133 5,914,564
Fund Borrowings
2,097,655 3,732,614
Taxes Payable
26,105
13,150
Total Liabilities
3,243,503 4,819,215
95
95
Authorized Capital (Shares
Authorized Capital
500,000
500,000
Paid up Capital
325,000
325,000
Paid up Capital (Shares)
55
55
Par Value
1,000 & 10,000 1,000 & 10,000
Retained Earnings
642,192
812,207
Total Equity
913,629 1,095,349
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
165.90
72.27
48.37
N/A
-7.37
-43.47
42.28
77.94
-49.62
48.58
26.47
19.89
1,052,537
868,608
183,929
1,177,915
931,998
245,917
11.91
7.30
N/A
33.70
51,485
132,444
75,902
170,016
47.42
28.37
3.55
3.19
12.58
17.47
4.40
2.87
14.43
20.88
23.93
-9.78
14.70
19.47
AS OF JUNE 2008
No.
1.
2.
210
Code
OTMA05A
OTMA05B
Series Name
V Tahun 2007 Seri A
V Tahun 2007 Seri B
Outstanding
(Rp Million)
200,000
500,000
Listing
Date
20-Jun-07
20-Jun-07
Maturity
Date
19-Jun-09
19-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
24 Months
36 Months
Rating
Fixed: 9.40%
19-Sep-07
19-Dec-07
19-Mar-08
19-Jun-08
idA+
Fixed: 10.30%
19-Sep-07
19-Dec-07
19-Mar-08
19-Jun-08
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
OTMA05A
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.378
N/A
N/A 18-Jun
N/A
8.378
N/A
8.378
N/A
8.378
WA1
N/A
35.03
Volume2
N/A 70.1%
Turnover3
Modified Duration (Yrs): 5.582
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.381
02-Jul
8.381
8.381
8.381
40.01
80.0%
8.259
05-Dec
8.379
8.259
8.259
17.17
34.3%
8.557
8.256
04-Mar 21-May
8.697
8.256
8.316
8.256
8.256
8.697
4.54
26.87
9.1% 53.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
OTMA05B
Trading Volume
(Rp Billion)
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q3
Q1
Q4
N/A
9.064
8.972
9.004
N/A 29-Jun 27-Sep 11-Dec
N/A
9.077
9.008
9.019
N/A
8.971
8.971
8.926
8.983
9.062
N/A
8.997
WA1
N/A
64.51 280.34 437.64
Volume2
N/A 51.6% 224.3% 350.1%
Turnover3
Modified Duration (Yrs): 4.076
Last
Date
High
Low
Q2
9.071
8.969
11-Mar 25-Jun
8.981
9.237
8.878
9.009
8.969
9.236
118.05 207.73
94.4% 166.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
No.
Code
1.
OTMA05A
8.259
8.381
8.259
92
0.18
46.11%
5.582
2.
OTMA05B
8.926
9.077
8.983
782
1.51
156.50%
4.076
875
1.69
TOTAL
(Billion Rp)
% of Total
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
OTMA05A - 35
Q3-2007
65
280
438
--
500
Outstanding
80
160
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Outstanding
--
200
-
Q4-2007
40 17
Outstanding
OTMA05B -
Q2-2007
S T O C K
E X C H A N G E
240
320
400
480
560
640
720
800
211
PANS PANIN SEKURITAS TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Indonesia Stock Exchane Building Tower II, 17th Fl. Suite 1705
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-3055
Fax : (021) 515-3061
A1.id
Securities Company
http://www.paninsekuritas.com
Prama Nugraha
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Panin Sekuritas Tbk (PANS) was established on July 27, 1989 located
in Jakarta under the name of PT Panin Sekuritasindo. The Company is a
subsidiary of PT Bank Panin Tbk, one of the leading financial institutions
in Indonesia.
The Company was going public and listed its shares at the Jakarta Stock
Exchange in 2000. The Company issued Rp 100 billion bonds in 2003,
Rp 75 billion bonds in 2005, Rp 200 billion in 2007 and listed these bonds
at Surabaya Stock Exchange.
The Company has 6 branches network consists of 3 branches in Jakarta
(Pluit, Kelapa Gading and Kebon Jeruk), 1 branch in Medan, Bandung
and Surabaya.
The Company has vision to become a leading and trusted securities
company in capital market which will deliver optimal financial solutions to
its customers. The services include stock brokerage, margin financing,
fixed income trading, underwriting, financial advisory, fund management
as well as research.
Equity Division provides services to clients in stock brokerage, supported
by the latest research and accurate executions of orders. The Company
is the first securities company which obtained the licensed to provide
margin trading facility for equity trading in the Jakarta Stock Exchange.
Fixed Income Division mainly serves local and international clients.
The instruments and services available to clients include corporate and
government bonds as well as commercial papers.
Corporate Finance business has been active in underwriting for initial
public offering of bonds and equities, financial advisory and private
placement.
Asset Management business has transformed itself into one of the
largest investment managers in Indonesia. First participation in the asset
management industry was marked by the launching of three mutual funds
in 1997. To date the Company has launched 17 mutual funds comprise
of equity funds, fixed income funds, balances funds, protected funds and
US Dollar denominated funds.
.
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
5,509
1,415
-
17,854
2,958
-
Change %
224.07
108.99
N/A
43,592
16,965
190,553
2,789
888
781,413
40,748
112,419
323,447
2,712
888
1,298,151
140,350
157.89
-100.00
69.74
-2.75
0.06
66.13
244.43
325,647
571,379
958
160,000
90,000
360
250
114,490
209,075
453,569
1,011,812
1,143
160,000
90,000
360
250
190,610
285,196
N/A
39.28
77.08
19.30
66.49
36.41
144,061
30,065
113,996
-48,800
65,196
2,501
-236
62,459
220,656
49,476
171,181
-70,043
101,137
14,032
-185
86,921
53.17
64.56
50.16
-43.53
55.13
461.15
21.67
39.16
2.73
7.99
43.36
79.13
3.55
6.70
39.39
77.58
29.82
-16.23
-9.14
-1.96
AS OF JUNE 2008
No.
1.
2.
212
Code
PANS01XXBFTW
PANS03
Series Name
I Tahun 2003
III Tahun 2007
Outstanding
(Rp Million)
100,000
200,000
Listing
Date
19-Sep-03
18-Jun-07
Maturity
Date
18-Sep-08
15-Jun-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
5 Years
Rating
Fixed: 14.25%
18-Mar-07
18-Jun-07
18-Sep-07
18-Dec-07
A1.id
Fixed: 11.75%
15-Sep-07
15-Dec-07
15-Mar-08
15-Jun-08
A1.id
(A+)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PANS01XXBFTW
Trading Volume
(Rp Billion)
3.50
12.5
2.80
10.0
2.10
7.5
1.40
5.0
0.70
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
-
Last
Date
High
Low
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.181
Q1-Q2 2008
-
Q4
11.230
20-Sep
11.571
11.230
11.571
3.04
12.2%
Q1
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PANS03
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.681
9.591
N/A 26-Jun 28-Sep
9.683
N/A
9.683
N/A
9.681
9.591
N/A
9.681
9.683
WA1
N/A
45.00
74.31
Volume2
N/A 90.0% 148.6%
Turnover3
Modified Duration (Yrs): 9.049
Last
Date
High
Low
Q4
Q1
Q2
9.580
26-Dec
9.580
9.580
9.580
10.02
20.0%
9.594
12-Feb
9.598
9.594
9.594
7.00
14.0%
9.683
11-Apr
9.683
9.683
9.683
7.00
14.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PANS01XXBFTW
2.
PANS03
Weighted Avg.
Executed
Yield (%)
Low
High
11.230
11.571
11.571
9.580
9.683
9.580
% of Total
Turnover
Ratio
(%)
0.01
3.04%
7.181
129
0.25
64.67%
9.049
132
0.26
TRADING VOLUME
(Billion Rp)
3
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PANS01XXBFTW 100
Outstanding
PANS03 -
--
45
74
200
Outstanding
-
20
40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
10
S T O C K
E X C H A N G E
60
80
100
-120
140
160
180
200
220
213
PIDL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PINDO DELI PULP AND PAPER MILLS
:
:
:
:
:
ADDRESS
Plaza BII Menara II, 7th Floor
Jl. MH. Thamrin Kav. 51, Jakarta - 10350
Phone : (021) 3929266-69
Fax : (021) 392-6179
idD
Pulp & Paper
Agustian Rachmansjah Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Pindo Deli Pulp And Paper Mill is:
• One of the world’s largest vertically integrated manufacturers of
paper, specialty paper, and tissue.
• A major player in prime markets in Indonesia, the Middle East,
Europe, USA, Australia, Japan and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its products.
• The company and its subsidiaries directly employ of approximately
9,300 people.
• Committed to sustainability in all its operations.
PT. Pindo Deli Pulp And Paper Mills was established in 1975 and now
has two mills, located at Kelurahan Adiarsa, Karawang (Pindo 1) and
Desa Kuta Mekar, Karawang (Pindo 2).
The Company owns 80% of PT. Lontar Papyrus Pulp & Paper Industry
(“Lontar Papyrus”), which has a pulp and tissue factory in Tebing Tinggi,
Jambi. Jointly these two companies represent one of the largest vertically
integrated producers of pulp and paper in the world.
The Company produces a wide range of tissue and paper products that
include: Photocopy Paper and Specialty papers such as Carbonless,
Cast Coated, Art Paper, Uncoated Woodfree. Well-known Company
brands include Bola Dunia, Golden Coin, Golden Star, Lucky Boss,
Mirage, Specta Colour, Buffalo Hide, Paseo, Nice, Livi and Jolly.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
120,755
1,107,169
2,203,905
4,116,862
15,053,014
1,715,625
22,813,639
4,929,058
13,500,290
18,429,348
673,527
8,000,000
2,131,785
4,264
500
-3,423,525
3,710,764
136,020
971,994
2,464,406
4,199,179
17,132,191
2,587,917
25,827,520
6,646,272
14,169,491
20,815,764
712,434
8,000,000
2,131,785
4,264
500
-3,146,426
4,299,321
12.64
-12.21
11.82
2.00
13.81
50.84
13.21
34.84
4.96
12.95
5.78
8.09
15.86
9,111,396 10,846,506
7,427,701 8,788,191
1,683,695 2,058,315
1,086,195 1,079,417
597,500
978,898
-638,049
-492,943
-40,549
485,954
208,757
49,892
75,900
-9,504
-173,406
426,558
19.04
18.32
22.25
-0.62
63.83
22.74
N/A
-76.10
N/A
N/A
4.97
-0.76
-1.90
6.56
Change %
4.84
1.65
3.93
9.03
-2.51
N/A
N/A
37.62
AS OF JUNE 2008
No.
1.
2.
214
Code
PIDL02A
PIDL02B
Series Name
I Tahun 1997 Seri A
I Tahun 1997 Seri B
Outstanding
(Rp Million)
51,053
100,000
Listing
Date
25-Oct-04
25-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Coupon
Payment
Date
Coupon
Structure
Issue
Term
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idD
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PIDL02A
Trading Volume
(Rp Billion)
5.00
15.0
4.00
12.0
3.00
9.0
2.00
6.0
1.00
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
Q4
Q3
-
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): -
-
-
-
-
Q1
Q2
13.107
25-Jan
13.107
13.107
13.107
4.58
31.3%
11.739
02-Apr
11.739
11.739
11.739
0.24
1.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PIDL02B
Trading Volume
(Rp Billion)
15.0
15.0
12.0
12.0
9.0
9.0
6.0
6.0
3.0
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
-
Last
Date
High
Low
Q3
Q2
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 4.659
-
Q4
13.385
10-Sep
13.385
13.385
13.385
4.33
17.3%
-
Q1
Q2
12.934
18-Mar
13.107
12.934
12.934
13.85
55.4%
12.093
24-Jun
12.093
11.741
12.093
10.77
43.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
PIDL02A
-
-
-
-
-
-
-
2.
PIDL02B
13.385
13.385
13.385
4.3
0.008
4.33%
4.659
4.3
0.008
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PIDL02A Outstanding
--
58
PIDL02B -
4--
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
215
PJAA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PEMBANGUNAN JAYA ANCOL TBK
:
:
:
:
:
ADDRESS
Cordova Tower Building 7th Fl.
Jl. Pasir Putih Raya 1 Blok E5, Ancol Timur, Jakarta Utara
Phone : (021) 645-4567, 645-3456
Fax : (021) 645-2986, 6471-0502
idA+
Restaurant, Hotel & Tourism
http://www.ancol.com
H. Falaah K. Djafar
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Pembangunan Jaya Ancol, Tbk is a company having its line of
business in creating area resort and property management. Established
in 1966, Ancol was originally small part of a huge project initiated by
President Soekarno. Soekarno appointed PT Pembangunan Jaya as the
executive board of Ancol Construction Project.
The Company’s shares were listed at Jakarta Stock Exchange in 2004.
The listing was to identified as company’s milestones as Ancol became
the first regionally owned company to be listed at stock exchange.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
125,117
169,802
8,248
327,168
341,090
3,104
954,271
128,433
102,147
230,580
347
1,440,000
400,000
1,600
500 & 250
286,635
723,344
271,669
233,215
8,714
546,248
369,884
23,901
1,277,133
206,424
256,194
462,618
694
1,440,000
400,000
1,600
500 & 250
377,102
813,821
117.13
37.34
5.65
66.96
8.44
669.97
33.83
60.73
150.81
100.63
100.04
31.56
12.51
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
693,141
381,982
311,159
144,873
166,286
12,076
178,362
52,141
-7
126,213
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
763,086
10.09
408,143
6.85
354,944
14.07
20.09
173,981
8.83
180,962
65.84
20,028
200,990
12.69
14.64
59,773
-350 -4,589.19
140,867
11.61
0.32
13.23
18.21
23.99
0.57
11.03
18.46
23.71
78.33
-16.61
1.38
-1.15
AS OF JUNE 2008
No.
1.
2.
216
Code
PJAA01A
PJAA01B
Series Name
I Tahun 2007 Seri A
I Tahun 2007 Seri B
Outstanding
(Rp Million)
80,000
120,000
Listing
Date
28-Jun-07
28-Jun-07
Maturity
Date
27-Jun-10
27-Jun-12
Issue
Term
Coupon
Payment
Date
Coupon
Structure
3 Years
5 years
Rating
Fixed: 9.975%
27-Sep-07
27-Dec-07
27-Mar-08
27-Jun-08
idA+
Fixed: 10.40%
27-Sep-07
27-Dec-07
27-Mar-08
27-Jun-08
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PJAA01A
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
9.593
9.597
N/A
N/A 26-Jun 03-Sep
N/A
9.597
9.602
N/A
9.593
9.570
N/A
9.595
9.599
WA1
N/A
6.00
25.04
Volume2
N/A 30.0% 125.2%
Turnover3
Modified Duration (Yrs): 6.070
Last
Date
High
Low
Q1
Q2
9.481
07-Dec
9.487
9.473
9.480
3.00
15.0%
-
9.599
23-Jun
9.599
9.557
9.599
0.50
2.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PJAA01B
Trading Volume
(Rp Billion)
15.0
12.5
12.0
10.0
9.0
7.5
6.0
5.0
3.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.877
-
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
9.927
26-Sep
9.955
9.920
9.923
13.06
43.5%
9.775
23-Oct
9.797
9.775
9.787
4.03
13.4%
Q1
Q2
-
9.807
17-Jun
9.807
9.807
9.807
2.04
6.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
High
Weighted Avg.
Executed
Yield (%)
No.
Code
1.
PJAA01A
9.473
9.602
9.480
2.
PJAA01B
9.775
9.955
9.787
% of Total
Turnover
Ratio
(%)
34
0.07
42.54%
6.070
17
0.03
14.24%
9.877
51
0.10
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PJAA01A -
6
25
Q2-2007
Q3-2007
Q4-2007
3
Outstanding
--
80
PJAA01B -
13
Outstanding
4
--
120
Outstanding
-
12.5
25.0
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
37.5
50.0
62.5
75.0
87.5
100.0
112.5
125.0
217
PLJA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PAM LYONNAISE JAYA
:
:
:
:
:
idAWater utilities
http://www.palyja.co.id
Mohammad Zulfikar
Bank Mandiri (Persero) Tbk
PROFILE
Initially, the Company was established under name of PT Garuda
Dipta Semesta and having legal domicile in Jakarta. The Company
is a limited liability duly established under the law of the Republic of
Indonesia pursuant to Deed No. 106 dated 14 August, 1987, which was
made before Benny Kristianto, SH, Notary in Jakarta. Such deed has
been approved by the Minister of Law and Human Rights (formerly the
Ministry of Justice) by virtue of Decree No. C2-991.HT.01.01-TH88,
dated 6 February 1988, registered in the Western Jakarta District Court
No. 1192/1988 dated 27 February 1988 and duly published in the State
Gazette No.55 dated 11 July 1997, Supplement No. 2745. Company’s
Articles of Association has been amended several times one of which
including Name & Legal Domicile of Company (from PT Garuda Dipta
Semesta to PT PAM Lyonnaise Jaya). The latest amendment of the
Articles of Association was undertaken in the framework of Company
Law enforceability in 2007 as stated in Deed No. 135 dated 15 August
2008 , which was made before Benny Kristianto, SH, Notary in Jakarta.
The Company began its operating activity since Februari 1st 1998, based
on an agreement between corporation and PAM Jaya with 25 years long
term admitted by DKI Jakarta governor. This Company is part of Suez
Environnement, a business line of GDF Suez France, which provides
Water and Waste Services as well as related equipment essential for day
to day life and the environment protection; and also part of PT Astratel
Nusantara, business line of Astra Group – Indonesia which runs business
in infrastructure sector.
The Company’s vision is to be the preferred water service provider
in Indonesia by satisfying our customers and adding value to our
stakeholders.
Since 1998, the Company has successfully increased the access to
clean water becoming more than 380 thousand connections reaching
more than 3 million people in the Western part of Jakarta.
ADDRESS
Sentral Senayan I Office Tower 7th Floor
Jl. Asia Afrika No. 8 Senayan, Jakarta Pusat - 10270
Phone : (021) 572-4410
Fax : (021) 572-4418
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
154,654
168,228
15,870
365,458
722,625
1,961
1,344,424
327,451
527,887
855,338
200,630
200,630
0.40
500,000
288,456
489,086
91,637
193,246
7,341
314,996
746,986
2,494
1,269,019
350,709
338,208
688,917
200,630
200,630
0.40
500,000
379,472
580,102
-40.75
14.87
-53.74
-13.81
3.37
27.22
-5.61
7.10
-35.93
-19.46
N/A
31.55
18.61
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
724,918
360,031
364,887
183,778
181,109
-64,601
116,508
39,056
77,452
833,271
398,328
434,943
190,680
244,263
-64,537
179,726
61,622
118,104
14.95
10.64
19.20
3.76
34.87
0.10
54.26
57.78
N/A
52.49
1.75
5.76
10.68
24.98
1.19
9.31
14.17
29.31
-32.09
61.55
32.66
17.33
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
218
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PLJA01B
1.
2.
175,000
I Tahun 2005 Seri B
200,000
I Tahun 2005 Seri C
PLJA01C
3.
Outstanding
(Rp Million)
PLJA01D
I Tahun 2005 Seri D
100,000
Listing
Date
12-Jul-05
12-Jul-05
12-Jul-05
Maturity
Date
12-Jul-08
12-Jul-10
12-Jul-12
Issue
Term
3 Years
5 Years
7 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 12.75%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
Fixed: 13.375%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
Fixed: 13.875%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idA-
TRADING HIGHLIGHT
PLJA01B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.904
10.039 10.203 10.786
9.580
3.427
01-Mar 28-Jun 27-Sep 27-Dec 25-Mar 19-Jun
9.580
10.765 10.203 10.812 10.045
3.427
10.004
9.913
9.709
9.862
9.479
3.217
1
9.982
9.560
3.427
10.147
10.203
9.860
WA
46.77
30.43 197.92 101.77
52.46
60.51
Volume2
106.9% 69.5% 452.4% 232.6% 119.9% 138.3%
Turnover3
Modified Duration (Yrs): 4.036
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PLJA01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.178 10.031
27-Mar 31-May
10.762 10.122
10.178 10.031
10.179 10.120
WA1
33.49
8.39
Volume2
67.0% 16.8%
Turnover3
Modified Duration (Yrs): 7.061
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.955
19-Sep
10.320
9.955
9.955
23.98
48.0%
10.051
03-Dec
10.051
10.047
10.049
2.15
4.3%
10.398
27-Mar
10.399
10.076
10.398
22.62
45.2%
10.393
25-Jun
10.426
10.293
10.411
45.59
91.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
219
PLJA01D
Trading Volume
(Rp Billion)
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.477 10.113
27-Feb 21-Jun
10.477 10.282
10.477 10.100
1
10.477
10.280
WA
2
1.05
35.62
Volume
4.2% 142.5%
Turnover3
Modified Duration (Yrs): 4.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.126
26-Sep
10.128
10.126
10.127
4.33
17.3%
10.555
28-Dec
10.555
10.555
10.555
0.21
0.8%
10.089
28-Jan
10.091
10.089
10.090
2.22
8.9%
10.806
26-Jun
10.920
10.780
10.920
3.70
14.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
PLJA01B
9.709
10.812
9.982
377
0.73
215.36%
4.036
2.
PLJA01C
9.955
10.762
10.049
68
0.13
34.00%
7.061
3.
PLJA01D
10.100
10.555
10.555
41
0.08
41.21%
4.026
486
0.94
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
47
PLJA01B
Q3-2007
30
33
PLJA01C
8
Q4-2007
Outstanding
198
175
Outstanding
102
--
24
200
Outstanding
--
36
PLJA01D
100
Outstanding
-
220
Q2-2007
40
-80
120
160
200
240
280
320
360
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
221
PNBN BANK PAN INDONESIA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
idA
Bank
http://www.panin.co.id
Jasman G. Munthe
Bank Mandiri (Persero) Tbk
PROFILE
Panin Bank is principally a commercial bank offering full range of
banking services and has been a foreign exchange licensed bank since
1972. As an established bank with sound track records, the Bank enjoys
substantial facilities from its international correspondent banks..
Panin Bank has since progressed steadily and is one of the leading banks
in Indonesia whose objective is to maintained a sustained profitable
growth for the Bank’s future development by directing its expansions
prudently on the one basic principle: Quality.
ADDRESS
Panin Bank Centre Jl. Jend Sudirman (Senayan)
Jakarta - 10270
Phone : (021) 270-0545, 270-0966, 270-0933
Fax : (021) 270-0340
FINANCIAL HIGHLIGHT
BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Dec-2006
316,762
3,306,813
11,352,055
17,838,114
102,997
1,337,488
1,922,640
40,514,765
27,802,257
202,261
1,060,143
1,214,034
33,399,634
500,743
5,900,000
2,008,179
20,082
100
81,538,515
6,614,388
Dec-2007
484,707
3,056,020
11,348,813
28,290,884
100,287
1,564,421
1,771,218
53,470,645
33,604,381
307,156
2,141,497
1,349,847
45,150,760
819,738
5,900,000
2,021,119
20,211
100
2,470,767
7,500,147
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
3,901,526
2,336,536
761,167
1,076,723
1,064,764
-22,442
1,042,322
312,043
-78,266
652,013
4,349,268
2,093,513
600,333
1,323,793
1,358,399
-49,187
1,309,212
354,307
-102,653
852,252
11.48
-10.40
-21.13
22.95
27.58
-119.17
25.61
13.54
-31.16
30.71
5.05
1.61
16.71
27.29
6.02
1.59
19.60
31.23
19.22
-0.96
17.25
14.44
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
222
Million Rp except Par Value
Change %
53.02
-7.58
-0.03
58.60
-2.63
16.97
-7.88
31.98
20.87
51.86
102.00
11.19
35.18
63.70
0.64
0.64
-96.97
13.39
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PNBN02A
1.
2.
PNBN02B
3.
4.
Outstanding
(Rp Million)
50,000
II Tahun 2007 Seri A
1,400,000
II Tahun 2007 Seri B
PNBN02C
II Tahun 2007 Seri C
PNBN03
Subordinasi II Tahun
2008
200,000
1,500,000
Listing
Date
20-Jun-07
20-Jun-07
20-Jun-07
10-Apr-08
Maturity
Date
19-Jun-10
19-Jun-12
Issue
Term
3 Years
5 Years
19-Jun-14
7 Years
09-Apr-18
5 Tahun
pertama
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 9.75%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 10.75%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 11.00%
19-Sep-07
19-Dec-07 idA & AA19-Mar-08
(idn)
19-Jun-08
Fixed: 11.60%
09-Jul-08
09-Oct-08
09-Jan-09
09-Apr-09
A+(idn)
TRADING HIGHLIGHT
PNBN02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.632
N/A
N/A 22-Jun
N/A
8.647
N/A
8.622
1
N/A
8.632
WA
N/A
22.01
Volume2
N/A 176.1%
Turnover3
Modified Duration (Yrs): 5.628
Last
Date
High
Low
Q3
Q4
8.640
03-Sep
8.647
8.647
8.647
2.00
16.0%
Q1
-
Q2
9.638
03-Mar
9.638
9.638
9.638
1.73
13.9%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PNBN02B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
750
12.5
600
10.0
450
7.5
300
5.0
150
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
N/A
9.379
9.402
9.288
9.265
N/A 20-Jun 11-Sep 26-Dec 05-Feb
9.288
9.368
N/A
9.379 10.626
N/A
9.344
9.336
9.254
9.228
N/A
9.371
9.277
9.289
9.361
WA1
N/A 162.13 368.06 357.27 663.32
Volume2
N/A 46.3% 105.2% 102.1% 189.5%
Turnover3
Modified Duration (Yrs): 9.663
Last
Date
High
Low
Q2
9.951
19-Jun
9.951
9.383
9.951
216.21
61.8%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
223
PNBN02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.557
9.542
N/A 20-Jun 21-Sep
N/A
9.557
9.636
N/A
9.557
9.488
1
N/A
9.557
9.597
WA
2
N/A
96.50
108.77
Volume
N/A 193.0% 217.5%
Turnover3
Modified Duration (Yrs): 9.538
Last
Date
High
Low
Q4
Q1
Q2
9.451
01-Oct
9.451
9.440
9.445
6.01
12.0%
9.349
30-Jan
9.349
9.349
9.349
3.05
6.1%
9.356
23-Jun
10.890
9.356
9.356
34.81
69.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PNBN03
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
9.785
N/A
N/A 26-Jun
N/A
9.806
N/A
9.755
N/A
9.755
N/A 433.64
N/A 115.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PNBN02A
Low
High
8.622
8.647
Weighted Avg.
Executed
Yield (%)
8.647
% of Total
Turnover
Ratio
(%)
0.05
48.03%
TRADING VOLUME
(Billion Rp)
24
Modified
Duration (Yrs)
End of Year
5.628
2.
PNBN02B
9.254
10.626
9.277
887
1.71
63.39%
9.663
3.
PNBN02C
9.440
9.636
9.445
211
0.41
105.64%
9.538
1,123
2.16
TOTAL
224
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PNBN02A Outstanding
50--
PNBN02B -
162
368
357
--
1,400
Outstanding
PNBN02C -
97
109
200
Outstanding
-
-150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
450
600
750
900
1,050
1,200
1,350
1,500
225
PPGD PERUM PEGADAIAN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Kramat Raya No.162
Jakarta - 10430
Phone : (021) 315-5550
Fax : (021) 391-4221
idAA
Financial Institution
http://www.pegadaian.co.id
Eddy Suprijoso
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
160,576
11,842
187,429
2,143
16.72
-81.91
-
-
N/A
32,969
348,550
22,578
6,023,601
71,495
4,892,019
205,000
25,097
373,078
24,975
7,372,065
82,489
5,880,261
205,000
-23.88
7.04
10.61
22.39
N/A
15.38
20.20
N/A
-
46,252
46,252
-
Retained Earnings
Total Equity
879,419
1,131,582
1,240,552
1,491,804
41.07
31.83
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
1,939,786
1,456,333
17,265
500,289
2,253,453
1,578,486
21,793
696,760
16.17
8.39
26.23
39.27
150,106
350,183
208,029
488,731
38.59
39.56
4.32
5.81
18.05
25.79
3.94
6.63
21.69
30.92
-8.82
14.04
20.14
19.89
BALANCE SHEETS
Perum Pegadaian (Perum) represents continuation of Perusahaan
Jawatan (Perjan) changed into “Perum” based on Government Regulation
Number 10/1990, 10 April 1990 about the changing of Perusahaan
Jawatan (Perjan) Pegadaian to Perusahaan Umum (Perum) regarding
to PP No 103/2000.
The scoups of activity of the company such as :
1. Channeling of loan based on Mortgage Law.
2. Channeling of loan based on fidusia collateral, safe keeping,
service, certify of gold and gem stone, and also other efforts
able to reach the company’s gools and objectives through the
affiemative of Minister of BUMN.
3. There’s also some new business such as unit in pawn service
with stock guarantee, channeling of loan based on sharia business
credit and money transfer service.
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Sh)
Authorized Capital
Government Share
Placement
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
226
Code
PPGD07XXBVTW
PPGD09AXBFTW
Series Name
VII Tahun 2000
IX Tahun 2002 Seri A
Outstanding
(Rp Million)
150,000
211,000
Listing
Date
08-Aug-00
11-Jun-02
Maturity
Date
21-Jul-08
06-Jun-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
8 Years
21-Jan-07
Year 1: 15.625%; Year 221-Apr-07
8: ATD 6 Months +
21-Jul-07
1.725%
21-Oct-07
idAA
8 Years
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
Fixed: 18.25%
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
No.
Code
3.
Series Name
PPGD09BXBFTW
4.
PPGD09CXBVTW
5.
PPGD09DXBVTW
6.
PPGD10AXBFTW
7.
PPGD10BXBVTW
8.
Outstanding
(Rp Million)
PPGD11A
IX Tahun 2002 Seri B
21,750
IX Tahun 2002 Seri C
2,000
IX Tahun 2002 Seri D
43,500
X Tahun 2003 Seri A
336,500
X Tahun 2003 Seri B
63,500
XI Tahun 2006 Seri A
400,000
Listing
Date
11-Jun-02
11-Jun-02
11-Jun-02
15-Jul-03
15-Jul-03
24-May-06
Maturity
Date
06-Jun-10
06-Jun-10
06-Jun-10
11-Jul-11
11-Jul-18
23-May-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
8 Years
Fixed: 18.25%
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
8 Years
Year 1: 18.25%; Year 2-8:
ATD 3 Months + 2.50%
(min.16.50%, max. 20%)
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
8 Years
Year 1-5: Fixed: 18.25%;
Year 6-8: ATD 3 Months +
2.50% (min.16.50%, max.
20%)
06-Mar-07
06-Jun-07
06-Sep-07
06-Dec-07
idAA
8 Years
Fixed: 12.9375 %
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idAA
15 Years
Year 1-3: Fixed: 13.125%;
Year 4-15: SBI 3 Months +
1.00% (max. 15.5%, min.
10.5%)
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
idAA
Fixed: 13.10%
23-Feb-07
23-May-07
23-Aug-07
23-Nov-07
idAA
10 Years
idAA
23-Feb-07
9.
PPGD11B
XI Tahun 2006 Seri B
100,000
24-May-06
23-May-16
10 Years
Year 1: 13.1%; Year 2: SBI 1
23-May-07
Month + 1.25%
23-Aug-07
(max.16.00%, min. 10.00%)
idAA
idAA
idAA
23-Nov-07
10.
PPGD12A
11.
PPGD12B
XII Tahun 2007 Seri A
370,000
XII Tahun 2007 Seri B
230,000
05-Sep-07
05-Sep-07
04-Sep-17
04-Sep-17
10 Years
Fixed: 10.025%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
10 Years
Year I: 10.025%; Year II-X:
SBI+1%, max. 12%, min. 8%
04-Dec-07
04-Mar-08
04-Jun-08
04-Sep-08
TRADING HIGHLIGHT
PPGD07XXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
75.0
10.0
60.0
8.0
45.0
6.0
30.0
4.0
15.0
2.0
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
6.366
6.747
6.715
6.648
6.647
28-Mar 15-May 25-Sep 18-Dec 18-Mar
6.840
6.716
6.803
6.885
6.373
6.643
6.747
6.700
6.603
6.104
6.747
6.716
6.803
6.884
6.373
WA1
10.87
5.01
49.36
68.95
39.25
Volume2
29.0% 13.4% 131.6% 183.9% 104.7%
Turnover3
Modified Duration (Yrs): 8.360
Last
Date
High
Low
Q2
3.178
18-Jun
3.358
3.154
3.179
18.43
49.2%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
227
PPGD09AXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
10.552
16-Mar
10.587
10.552
1
10.562
WA
4.83
Volume2
9.1%
Turnover3
Modified Duration (Yrs): 3.446
Last
Date
High
Low
-
Q3
Q4
Q1
12.056
19-Jul
12.056
10.624
10.631
9.21
17.5%
11.786
22-Nov
11.786
11.786
11.786
0.50
0.9%
11.750
26-Mar
11.872
11.750
11.750
6.93
13.1%
Q2
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD09BXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
-
10.882
17-Apr
- 10.948
- 10.882
- 10.902
WA1
4.18
Volume2
54.9%
Turnover3
Modified Duration (Yrs): 6.374
Last
Date
High
Low
Q1-Q2 2008
Q4
-
-
-
Q1
Q2
-
10.908
07-Dec
11.786
10.908
10.908
1.55
20.4%
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD09CXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
11.221 11.288 11.013
- 11-May 21-Sep 27-Dec
- 11.221 11.288 11.013
- 11.221 11.288 11.013
- 11.221 11.288 11.013
WA1
1.00
1.98
2.04
Volume2
- 200.0% 396.0% 407.0%
Turnover3
Modified Duration (Yrs): 7.118
Last
Date
High
Low
-
Q1
Q2
-
11.210
- 19-May
- 11.238
- 11.210
- 11.214
5.00
- 999.6%
1
-
-
Q1-07
228
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
PPGD09DXBVTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
35.0
12.5
28.0
10.0
21.0
7.5
14.0
5.0
7.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
-
9.973
6.412
26-Jun 25-Sep
9.975
6.443
9.973
6.412
1
9.974
6.416
WA
4.00
30.26
Volume2
36.8% 278.2%
Turnover3
Modified Duration (Yrs): 4.396
Last
Date
High
Low
-
Q4
Q1
Q2
9.046
07-Nov
9.046
9.046
9.046
1.17
10.7%
9.625
01-Feb 13-May
9.625
9.560
9.560
0.53
4.83
4.8% 44.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD10AXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
10.050 10.327
30-Mar 26-Jun
10.352 10.329
9.744
9.654
10.051
9.923
WA1
20.20
43.47
Volume2
24.0% 51.7%
Turnover3
Modified Duration (Yrs): 5.981
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.726
24-Sep
10.205
9.709
10.167
60.63
72.1%
9.885
12-Dec
10.404
9.861
9.912
40.18
47.8%
9.922
28-Feb
9.963
9.820
9.926
48.95
58.2%
10.148
20-Jun
10.384
9.635
10.148
77.87
92.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPGD10BXBVTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1
Q2
8.807
8.787
31-Jan 12-Jun
8.807
8.787
8.807
8.747
1
8.807
8.747
WA
7.15
5.25
Volume2
45.0% 33.1%
Turnover3
Modified Duration (Yrs): 7.569
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
Q3
Q4
-
8.887
07-Dec
8.887
8.887
8.887
1.01
6.4%
Q1
Q2
-
8.834
- 15-May
8.834
8.787
8.787
7.04
44.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
229
PPGD11A
Trading Volume
(Rp Billion)
75.0
12.5
60.0
10.0
45.0
7.5
30.0
5.0
15.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.711
8.310
05-Jan 27-Jun
8.711
9.829
8.711
8.299
1
8.711
8.385
WA
2
1.07
38.32
Volume
1.1% 38.3%
Turnover3
Modified Duration (Yrs): 2.429
Last
Date
High
Low
Q3
Q4
Q1
Q2
8.375
20-Aug
8.615
8.299
8.374
27.60
27.6%
9.061
22-Nov
9.061
8.315
8.355
6.54
6.5%
8.503
28-Mar
8.551
8.353
8.503
50.33
50.3%
8.503
13-Jun
9.089
8.466
9.030
62.82
62.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PPGD11B
No Transaction in Year 2007 and Q1-Q2 2008
PPGD12A
Trading Volume
(Rp Billion)
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
3
N/A
N/A
Turnover
Modified Duration (Yrs): 6.318
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
7.984
12-Sep
7.984
7.984
7.984
9.00
9.7%
7.864
12-Nov
7.940
7.864
7.914
12.07
13.0%
7.946
10-Mar
7.948
7.912
7.913
29.05
31.4%
8.100
26-Jun
8.100
7.843
7.948
7.03
7.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PPGD12B
No Transaction in Year 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
134
0.26
89.46%
8.360
15
0.03
6.89%
3.446
10.908
6
0.01
18.82%
6.374
11.013
5
0.01
250.75%
7.118
9.046
35
0.07
81.44%
4.396
10.404
9.912
164
0.32
48.88%
5.981
8.887
8.887
13
0.03
21.12%
7.569
9.829
8.355
74
0.14
18.38%
2.429
Executed Yield (%)
No.
Code
Low
High
1.
PPGD07XXBVTW
6.603
6.885
6.884
2.
PPGD09AXBFTW
10.552
12.056
11.786
3.
PPGD09BXBFTW
10.882
11.786
4.
PPGD09CXBVTW
11.013
11.288
5.
PPGD09DXBVTW
6.412
9.975
6.
PPGD10AXBFTW
9.654
7.
PPGD10BXBVTW
8.747
8.
PPGD11A
8.299
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
9.
PPGD11B
-
-
-
-
-
-
-
10.
PPGD12A
7.864
7.984
7.914
21
0.04
5.69%
6.318
11.
PPGD12B
-
-
-
-
-
-
-
467
0.90
TOTAL
230
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PPGD07XXBVTW 11 5
49
Q2-2007
Q3-2007
Q4-2007
Outstanding
69
--
150
Outstanding
PPGD09AXBFTW
--
211
Outstanding
PPGD09BXBFTW
30 --
Outstanding
PPGD09CXBVTW Outstanding --
PPGD09DXBVTW
Outstanding
--
44
PPGD10AXBFTW
20
43
61
40
Outstanding
--
337
PPGD10BXBVTW
Outstanding
--
64
PPGD11A
38
28
7
Outstanding
--
400
PPGD11B Outstanding
--
100
PPGD12A Outstanding
--
370
PPGD12B Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
--
230
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
440
231
PPLN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERUSAHAAN LISTRIK NEGARA (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Trunojoyo Blok M 1/135, Kebayoran Baru
Jakarta - 12160
Phone : (021) 725-0550, 725-1234
Fax : (021) 722-1330, 722-7072
Aa2.id
Energy
http://www.pln.co.id
Supriyanto
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PLN has been known as Perusahaan Umum Listrik Negara Since 16
June 1994, changed it’s status to PT PLN ( PERSERO) based on
Government Regulation Number 23 / 1994. PLN as a company received
electricity property right from Government based on code number 15 /
1985, about Electricity , as a “BUMN” provided electricity for Public.
Our vision is to be recognized as a World Class Company that is growing,
developing, outstanding and trustworthy, by relying on human potential.
Our business activities are :
• Doing business in providing electricity, covering such activities as
geneaing electrical power, supplying electrical power, distributing
electrical power, planning and constructing facilities for power
provision and developing electrical power provision
• Conducting electrical power supporting business, covering such
activities as consultion activities as related to electrical power
generating, constructing and building installation for electrical
power equipment maintenance of electrical power equipment,
maintenance of electrical power equipment, developing equipment
technology to support electrical power supply
Company has 39 Business Units which are 21 PLN Region from
Nangggroe Aceh Darussalem to Papua, 10 PLN Main Power Plant in
Sumatra, Java, Bali an Nusa Tenggara, 2 PLN Distribution & Center
for Load Dispatching Center, PLN Education and Traning Service, PLN
Engineering Service, PLN Service and Production, PLN Research and
Development, PLN Construction Management Service, PLN Certification
Service.
Company has 7 subsidiaries which are PT Indonesia Power, PT
Pembangkit jawa Bali, PT Pelayanan Listrik Nasional Batam, PT
Indonesia Comnets Plus, PT PLN Enjiniring, PT PLN Tarakan, PT Geo
Dipa Energy
The number of PLN’s human resources in 2007 was 39,342 employees,
rnging from junior high school graduates up to doctorate degree (S3)
The facilities for electricity as owned and operated by PLN include the
Power plants, transmission and distribution network. The generating
capacity in 2007 is 25,222 MW which produces electricity of 142,440
GWh.
The electricity sales in 2007 is 121,246 Gwh which is consumed by 5
composition of electricity sales of household, business, industry and
general.
The number of PLN’s customers in 2007 is 37,334,000 consist of
34,684,000 household, 1,611,000 business, 47,000 industry and 992,000
general.
Million Rp except Par Value
Dec-2006
Dec-2007
12,968,420
9,819,355
4,188,361
28,821,273
200,383,256
1,317,407
247,917,818
27,698,405
80,381,467
108,079,872
63,000,000
46,107,154
46
1,000,000
-69,693,477
139,837,946
16,290,782
12,163,683
6,774,205
43,212,986
198,901,833
1,257,244
273,479,935
40,276,254
96,790,941
137,067,195
63,000,000
46,107,154
46
1,000,000
-75,338,584
136,412,740
25.62
23.87
61.74
49.93
-0.74
-4.57
10.31
45.41
20.41
26.82
N/A
-8.10
-2.45
INCOME STATEMENTS
Total Revenues
104,726,536 114,042,687
Expenses
105,228,150 111,505,955
Gross Profit
-501,614 2,536,732
Operating Expenses
105,228,150 111,505,955
Operating Profit
-501,614 2,536,732
Other Income (Expenses)
-583,721 -5,634,798
Income before Tax
-1,085,335 -3,098,066
Tax
2,972,508 2,547,041
Minority Interests
Net Income
-1,927,856 -5,645,107
8.90
5.97
N/A
5.97
N/A
-865.32
-185.45
-14.31
N/A
-192.82
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
30.00
-165.45
-168.90
N/A
BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
0.77
-0.78
-1.84
-0.48
Change %
1.00
-2.06
-4.95
2.22
AS OF JUNE 2008
No.
1.
2.
232
Code
PPLN07
PPLN08A
Series Name
VII Tahun 2004
VIII Tahun 2006 Seri A
Outstanding
(Rp Million)
1,500,000
1,335,100
Listing
Date
12-Nov-04
22-Jun-06
Maturity
Date
11-Nov-14
21-Jun-16
Issue
Term
Coupon
Payment
Date
Coupon
Structure
10 Years
10 Years
Rating
Fixed: 12.25%
11-Feb-07
11-May-07
11-Aug-07
11-Nov-07
Aa2.id
Fixed: 13.60%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idA+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
4.
5.
Series Name
PPLN08B
VIII Tahun 2006 Seri B
PPLN08C
Syariah Ijarah I Tahun
2006
PPLN09A
6.
7.
Outstanding
(Rp Million)
IX Tahun 2007 Seri A
PPLN09B
IX Tahun 2007 Seri B
SIKPPLN01
Sukuk Ijarah PLN II
Tahun 2007
865,000
200,000
1,500,000
1,200,000
300,000
Listing
Date
22-Jun-06
22-Jun-06
11-Jul-07
11-Jul-07
11-Jul-07
Maturity
Date
21-Jun-21
21-Jun-16
10-Jul-17
10-Jul-22
10-Jul-17
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
15 Years
Fixed: 13.75%
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
10 Years
Ijarah Fee
Rp6,800,000,000
quarterly
21-Mar-07
21-Jun-07
21-Sep-07
21-Dec-07
idA+sy
Fixed: 10.40%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
15 Years
Fixed: 10.90%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
10 Years
Ijarah Fee
Rp31,200,000,000 p.a
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Aa2.id
10 Years
idA+
TRADING HIGHLIGHT
PPLN07
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
8.114
27-Sep
8.401
8.084
8.124
187.88
50.1%
8.122
13-Dec
8.389
8.099
8.104
114.69
30.6%
8.296
24-Mar
8.465
8.104
8.121
84.01
22.4%
8.456
24-Jun
8.667
8.316
8.456
110.35
29.4%
12.5
200
10.0
150
7.5
100
5.0
50
2.5
8.182
8.221
26-Mar 20-Jun
8.565
8.564
8.162
8.084
8.191
8.172
WA1
199.68 100.50
Volume2
53.2% 26.8%
Turnover3
Modified Duration (Yrs): 9.030
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN08A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
11.287 10.262
30-Mar 18-Jun
13.759 11.640
10.172 10.124
11.278 10.408
WA1
159.83 195.13
Volume2
3
47.9% 58.5%
Turnover
Modified Duration (Yrs): 3.504
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.225
19-Sep
11.702
10.081
10.269
328.25
98.3%
10.030
13-Dec
11.472
10.002
11.071
134.53
40.3%
10.072
23-Jan
10.686
9.882
10.667
285.90
85.7%
10.840
24-Jun
11.543
9.805
10.841
167.72
50.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
233
PPLN08B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
-
11.868
13-Jun
- 11.868
- 10.374
1
- 11.868
WA
6.80
Volume2
3.1%
Turnover3
Modified Duration (Yrs): 2.80
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
12.024
24-Aug
12.024
12.022
12.023
7.76
3.6%
10.058
13-Dec
10.271
9.999
10.271
14.29
6.6%
Q1
Q2
-
11.544
- 12-May
- 11.739
- 11.521
- 11.607
47.30
21.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN08C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q1-Q2 2008
Q3
11.206 11.374
07-Feb 26-Jun
11.206 11.374
11.206 11.374
11.206 11.374
WA1
5.15
1.03
Volume2
10.3%
2.1%
Turnover3
Modified Duration (Yrs): 8.342
-
Last
Date
High
Low
-
Q4
Q1
Q2
10.846
12-Oct
10.846
10.846
10.846
2.15
4.3%
10.362
18-Mar
10.362
9.679
10.052
15.29
30.6%
9.818
25-Jun
10.722
9.818
9.818
29.67
59.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PPLN09A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
500
12.5
400
10.0
300
7.5
200
5.0
100
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
N/A
8.812
N/A
N/A 20-Sep
N/A
N/A
8.884
N/A
N/A
8.674
N/A
N/A
8.674
WA1
N/A
N/A 486.55
Volume2
N/A
N/A 129.7%
Turnover3
Modified Duration (Yrs): 7.058
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
8.950
12-Dec
8.950
8.950
8.950
1.01
0.3%
8.986
18-Feb
8.986
8.845
8.932
128.66
34.3%
8.859
30-Jun
9.214
8.832
8.849
72.43
19.3%
1
-
-
Q1-07
234
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
PPLN09B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
150
12.5
120
10.0
90
7.5
60
5.0
30
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.652
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.118
27-Sep
9.213
9.012
9.161
102.06
34.0%
9.195
03-Dec
9.306
9.181
9.188
88.94
29.6%
9.295
20-Feb
9.306
9.124
9.256
121.78
40.6%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIKPPLN01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 5.973
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.884
10-Sep
8.884
8.832
8.842
22.48
30.0%
8.954
19-Dec
9.138
8.422
8.986
5.65
7.5%
8.915
24-Jan
8.986
8.915
8.915
6.54
8.7%
8.936
17-Jun
8.951
8.884
8.936
5.97
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
PPLN07
8.084
8.565
8.104
603
1.16
40.18%
9.030
2.
PPLN08A
10.002
13.759
11.071
818
1.58
61.25%
3.504
3.
PPLN08B
9.999
12.024
10.271
29
0.06
3.34%
2.800
4.
PPLN08C
10.846
11.374
10.846
8
0.02
4.16%
8.342
5.
PPLN09A
8.674
8.950
8.950
488
0.94
32.50%
7.058
6.
PPLN09B
9.012
9.306
9.188
191
0.37
15.92%
7.652
7.
SIKPPLN01
8.422
9.138
8.986
28
0.05
9.38%
5.973
2,164
4.17
Executed Yield (%)
Low
TOTAL
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
235
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
PPLN07
Outstanding
1,500
PPLN08A
195
160
328
-
135
Outstanding
1,335
-
PPLN08B 7
865
Outstanding
-
PPLN08C
Outstanding
200
-
PPLN09A
Outstanding
1,500
PPLN09B -
102
-
89
1,200
Outstanding
-
SIKPPLN01 Outstanding
300
-
236
160
320
480
640
800
960
1,120
1,280
1,440
1,600
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
237
PTPN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA III (PERSERO)
:
:
:
:
:
idAAPlantation
http://www.ptpn3.co.id
Ir. H. Aja Ibrafan, MM
Bank Niaga Tbk
PROFILE
PT Perkebunan Nusantara III (Persero) was established on March 11,
1996, located in North Sumatera Province. The Company is a state
owned company engaged in palm oil, rubber, plantation and processing.
In 2007, the Company’s revenues were derived from crude palm oil
(CPO) around 78.13 %, rubber and derivative products (21.87 %). The
Company’s plantations and production facilities are all located in North
Sumatera. At present, the Company’s shareholding is fully controlled by
the Goverment of Indonesia.
Throught year 2007 the number of occasions and important achievements
are:
NAME OF AWARD
Karet Nusantara Award
ISSUANCE OF AWARD
State Owned Enterprise Minister of
Republic of Indonesia
Best of The Best Management Representative Award
Porquista and Association Management
Representative Indonesia
Indonesia Quality Award
IQA Foundation
Humas Resource Excellence SWA, Human Resources Indonesia &
Award
LM FE-UI
Sawit Nusantara Award
State Owned Enterprise Minister of
Republic of Indonesia
Golden Flag SMK3 Award
Government of Indonesia
World Class Company as The Future Orientation
One of PTPN-III future orientation is to develop sub-industries-to add
value in their production, also to increase and maximize the profit. Some
of which are still in development progress, and some others are already
actualized successfully.
With developing the business by applying Business Transformation
Programs, Corporate Social Responsibility (CSR) program and Good
Corporate Governance through a modern and good organization and
management, therefore PTPN-III could step up to their goal of company
privatization and firmly sets their milestone in the global era, prevailing
as a World Class Company.
238
ADDRESS
Jl. Sei Batanghari No. 2
Medan 20122, Kotak Pos 911, Sumatera Utara
Phone : (061) 845-3100, 845-2244
Fax : (061) 845-5177
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
124,095
113,296
139,807
470,391
614,070
45,168
2,989,779
795,998
901,939
1,697,936
1
1,200,000
315,000
0.32
1,000,000
970,836
1,291,841
552,088
344.89
104,985
-7.34
139,056
-0.54
822,842
74.93
671,999
9.43
131,453
191.03
3,960,689
32.47
745,253
-6.38
1,306,313
44.83
2,051,566
20.83
6,838 674,433.48
1,200,000
315,000
0.32
1,000,000
1,610,180
65.85
47.25
1,902,285
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,656,668
1,770,111
886,557
425,246
461,311
-38,512
422,800
130,065
-0.01
293,853
3,969,109
2,189,738
1,779,371
713,540
1,065,832
-66,464
999,367
314,200
0.17
701,948
49.40
23.71
100.71
67.79
131.04
-72.58
136.37
141.57
N/A
138.88
1.31
9.83
11.06
17.36
1.08
17.72
17.69
26.85
-17.95
80.32
59.89
54.65
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
PTPN01AXBFTW
1.
2.
10,000
I Tahun 2003 Seri B
PTPN02B
4.
140,000
I Tahun 2003 Seri A
PTPN01BXBVTW
3.
Outstanding
(Rp Million)
II Tahun 2004 Seri B
PTPN02C
90,000
II Tahun 2004 Seri C
35,000
Listing
Date
06-Aug-03
06-Aug-03
14-Jul-04
14-Jul-04
Maturity
Date
05-Aug-10
05-Aug-10
13-Jul-09
13-Jul-11
Issue
Term
Coupon
Payment
Date
Coupon
Structure
05-Feb-07
05-May-07
05-Aug-07
05-Nov-07
idAA-
05-Feb-07
Year 1-2: 13.125%; Year
05-May-07
3-7: SBI 3 Months +
05-Aug-07
1.50%
05-Nov-07
idAA-
Fixed: 13.125%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA-
Fixed: 13.50%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idAA-
Fixed: 13.125%
7 Years
7 Years
5 Years
7 Years
Rating
TRADING HIGHLIGHT
PTPN01AXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
8.956
25-Jun
- 10.025
8.693
1
8.693
WA
16.05
Volume2
45.8%
Turnover3
Modified Duration (Yrs): 6.90
-
Last
Date
High
Low
-
Q3
Q4
Q1
Q2
8.679
25-Sep
8.830
8.666
8.777
17.18
49.1%
8.696
8.681
8.870
27-Dec 28-Mar 21-May
8.957
8.681
8.870
8.666
8.681
8.242
8.688
8.854
8.681
1.06
38.86
42.10
3.0% 111.0% 120.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
PTPN01BXBVTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
Q1
Q2
8.082
26-Jun
8.082
8.081
8.081
WA1
4.05
Volume2
- 162.1%
Turnover3
Modified Duration (Yrs): 7.719
Last
Date
High
Low
Q1-Q2 2008
YEAR 2007
-
Q3
Q4
-
Q1
-
-
-
-
Q2
-
-
-
7.335
12-Jun
7.335
7.335
7.335
0.24
9.4%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
239
PTPN02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30.0
12.5
24.0
10.0
18.0
7.5
12.0
5.0
6.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
-
9.803
28-Jun
- 11.324
9.028
1
9.907
WA
2
27.18
Volume
- 120.8%
Turnover3
Modified Duration (Yrs): 6.041
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
9.832
26-Sep
11.324
9.809
9.828
16.28
72.3%
10.022
14-Dec
10.300
9.921
10.073
15.30
68.0%
10.157
8.982
27-Feb 17-Jun
10.298 10.150
9.952
8.982
10.157
9.829
15.54
23.69
69.1% 105.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PTPN02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
40.0
12.5
32.0
10.0
24.0
7.5
16.0
5.0
8.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
9.686
9.781
9.988 10.372
9.784 10.253
17-Jan 25-Jun 02-Aug 08-Nov 14-Feb 30-Jun
9.988 10.374 10.236
9.781 10.021 10.444
9.988
9.686
9.686
9.781
9.784
9.632
9.988
9.686
9.686
9.781
9.784 10.444
WA1
19.78
23.89
25.79
19.71
20.77
38.95
Volume2
226.1% 273.0% 294.7% 225.2% 237.4% 445.2%
Turnover3
Modified Duration (Yrs): 8.754
Last
Date
High
Low
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Low
% of Total
34
0.07
24.49%
8.081
4
0.01
40.52%
7.719
10.073
59
0.11
65.28%
6.041
89
0.17
254.76%
8.754
186
0.36
No.
Code
1.
PTPN01AXBFTW
8.666
2.
PTPN01BXBVTW
8.081
8.082
3.
PTPN02B
9.028
11.324
4.
PTPN02C
9.686
10.374
9.781
TOTAL
240
High
Turnover
Ratio
(%)
Weighted Avg.
Executed
Yield (%)
10.025
8.681
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
6.900
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PTPN01AXBFTW -
16
Q2-2007
Q3-2007
Q4-2007
Outstanding
17
Outstanding
140
--
PTPN01BXBVTW - 4Outstanding
10 --
PTPN02B
27
16
Outstanding
90
PTPN02C
20
Outstanding
24
35
-
15
S T O C K
--
26
20
-30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
15
E X C H A N G E
45
60
75
90
105
120
135
150
241
PTPV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA V (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Rambutan No. 43
Pekanbaru Riau - 28294
Phone : (0761) 66565
Fax : (0761) 66558
idA
Plantation
H. Syamsul Rizal
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Perkebunan Nusantara V (PTP5) was established on March 11, 1996,
located in Pekanbaru. The Company is a state owned company engaged
in palm oil and rubber plantation and processing. In 2002, the Company’s
revenue reached IDR1.29 trillion, derived from crude palm oil (CPO)
around 94.57% and rubber (5.43%). The Company’s plantations and
production facilities are all located in Riau. The Company’s shareholding
is fully controlled by the Government of Indonesia.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
194,834
151,905
120,100
485,805
504,493
117,246
1,868,321
501,116
664,099
1,165,216
600,000
250,000
0.25
1,000,000
404,292
703,105
325,638
189,589
234,167
775,480
564,190
136,738
2,403,745
694,647
789,442
1,484,089
600,000
250,000
0.25
1,000,000
620,843
919,656
67.14
24.81
94.98
59.63
11.83
16.62
28.66
38.62
18.87
27.37
N/A
53.56
30.80
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,523,991
1,114,300
409,691
219,385
190,306
-55,519
134,787
38,178
96,610
2,413,293
1,670,181
743,112
311,502
431,610
-80,815
350,796
105,618
245,177
58.35
49.89
81.38
41.99
126.80
-45.56
160.26
176.65
N/A
153.78
1.66
5.17
6.34
12.49
1.61
10.20
10.16
17.88
-2.62
97.25
60.26
43.22
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
242
Code
PTPV01AXBFTW
PTPV01BXBVTW
Series Name
I Tahun 2003 Seri A
I Tahun 2003 Seri B
Outstanding
(Rp Million)
294,000
6,000
Listing
Date
13-Nov-03
13-Nov-03
Maturity
Date
12-Nov-10
12-Nov-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
12-Feb-07
12-May-07
12-Aug-07
12-Nov-07
idA
12-Feb-07
Year 1-2: 12.875%; Year
12-May-07
3-7: SBI 3 Months + 2%
12-Aug-07
(max. 17%, min. 8%)
12-Nov-07
idA
Fixed: 12.875%
7 Years
7 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PTPV01AXBFTW
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
8.776
8.820
27-Mar 25-Jun
8.776
8.821
8.480
8.436
8.776
8.820
WA1
12.70
26.77
Volume2
17.3% 36.4%
Turnover3
Modified Duration (Yrs): 8.227
Last
Date
High
Low
8.568
19-Sep
8.620
8.534
8.567
12.64
17.2%
Q1
-
Q2
8.728
8.733
14-Mar 12-Jun
8.730
8.821
8.686
8.545
8.729
8.733
30.01
79.49
40.8% 108.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PTPV01BXBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
PTPV01AXBFTW
8.436
8.821
8.567
52
0.10
17.72%
8.227
2.
PTPV01BXBVTW
-
-
-
-
-
-
-
52
0.10
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
PTPV01AXBFTW
13
27
Q2-2007
Q3-2007
Q4-2007
Outstanding
13-
Outstanding
--
294
PTPV01BXBVTW 6--
Outstanding
-
30
60
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
90
120
150
180
210
240
270
300
243
PVII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PERKEBUNAN NUSANTARA VII (PERSERO)
:
:
:
:
:
idA
Plantation
http://www.ptpn7.co.id
Edi Santoso
Bank Niaga Tbk
PROFILE
PT Perkebunan Nusantara VII is Indonesian Government Owned
Company (BUMN) operating in Agribusiness industry. The company is
established through mergers of PTP (PT Perkebunan) X, PTP XXXI,
development project of PTP XI in Lahat and development project or
PTPXXIII in Bengkulu Province. PTPT VII’s establishment was based on
Indonesian Government Regulation No. 12, February 14th 1996.
The company was founded by government regulation to implement and
and support Indonesian government’s policy in national and economic
development specially in plantation subsector.
PTPN VII area of operation including South Sumatera, Bengkulu and
Lampung with total main plantation area of 78,241 Ha, plasma area of
53,158 Ha and partnership area of 17,152 Ha.
In its operation, the company cultivates 4 types of commodities, which
are : rubber, CPO, sugar and tea. All of the commodities is processed
with modern technology, integrated management and supported by
highly skilled human recources
ADDRESS
Jl. Teuku Umar 300
Bandar Lampung - 35141
Phone : (0721) 702233 - (021) 8290152
Fax : (0721) 702775 - 707353, (021) 921-6026
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
298,765
55,256
381,493
743,176
360,471
60,953
2,022,748
575,527
658,094
1,233,621
1,000,000
365,000
0.37
1,000,000
405,035
789,126
403,927
49,767
481,920
950,513
388,492
43,821
2,409,310
731,089
680,939
1,412,028
1,000,000
365,000
0.37
1,000,000
613,191
997,282
35.20
-9.93
26.32
27.90
7.77
-28.11
19.11
27.03
3.47
14.46
N/A
51.39
26.38
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,348,848
1,880,171
468,676
160,314
308,362
-53,283
255,080
77,322
177,758
2,698,341
2,079,119
619,222
242,958
376,264
-51,294
324,970
74,130
252,595
14.88
10.58
32.12
51.55
22.02
3.73
27.40
-4.13
N/A
42.10
1.56
8.79
7.57
13.13
1.42
10.48
9.36
13.94
-9.43
19.30
23.70
6.22
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
244
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Series Name
Code
1.
Tahun 2004 Seri A
PVII01A
2.
3.
PVII01B
Tahun 2004 Seri B
PVII01C
Syari'ah Mudharabah
Tahun 2004
Listing
Date
Outstanding
(Rp Million)
215,000
10,000
75,000
29-Mar-04
29-Mar-04
29-Mar-04
Maturity
Date
26-Mar-09
26-Mar-11
26-Mar-09
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.875%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA
7 Years
Fixed: 14.125%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA
5 Years
Nisbah of Revenue Sharing Year
1: 2.64% & 3.61%; Year 2: 2.46%
& 3.44%; Year 3: 2.3% & 3.27%;
Year 4: 2.15% & 3.12%; Year 5:
2.01% & 2.97%
26-Mar-07
26-Jun-07
26-Sep-07
26-Dec-07
idA (sy)
5 Years
TRADING HIGHLIGHT
PVII01A
Trading Volume
(Rp Billion)
100
15.0
80
12.0
60
9.0
40
6.0
20
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
12.011 13.321
26-Jan 14-Jun
12.011 13.321
12.006 13.321
12.009 13.321
WA1
2
2.11
0.77
Volume
3
3.9%
1.4%
Turnover
Modified Duration (Yrs): 5.513
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
13.108
19-Sep
13.415
12.263
12.365
36.00
67.0%
12.091 12.168
29-Nov 28-Mar
12.754 12.526
12.091 12.071
12.754 12.170
16.93
94.75
31.5% 176.3%
12.571
18-Jun
12.829
12.352
12.624
44.92
83.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
PVII01B
No Transaction in the Year of 2007 and Q1-Q2 2008
PVII01C
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
PVII01A
Low
High
12.006
13.415
Weighted Avg.
Executed
Yield (%)
12.754
TOTAL
% of Total
Turnover
Ratio
(%)
56
0.11
25.96%
56
0.11
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
5.513
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
36
PVII01A
Q2-2007
Q3-2007
Q4-2007
Outstanding
17
215
Outstanding
-
25
50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
75
100
-125
150
175
200
225
250
245
PWON PAKUWON JATI TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Mandiri Tower 15th Fl., Jl. Basuki Rahmat No. 8 - 12
Surabaya - 60261
Phone : (031) 531-1107, 531-1088
Fax : (031) 532-6726
BBB-(idn)
Property And Real Estate
Omar Ishananto
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
In 1991, Tunjungan Plaza II, a new 17 storey office and retail complex
built adjacent to Tunjungan Plaza, began leasing space to tenants. In
early 1994, the company established a wholly owned subsidiary named
PT Pakuwon Sentrawisata, a tourist hotel management company.
In February 1994, the company began construction of a 22 floor
condominium on a 0.3 Ha side in Surabaya with total floor space of 18
Ha, which is scheduled for completion at the end of 1995. On July 1994,
the company is offering 105 million shares in a right issue at 1:1 ratio
with price at Rp 2,100 per share. Of the funds raised in the issue, 85.7%
is to be used for acquisition of 27 million shares of PT Pakuan Darma,
and the remainder to strengthen the working capital and financing the
construction of Tunjangan Plaza III and reclamation of the Laguna View
project in Surabaya, East Java. At the end of 1994 the company got US$
50 million loan from 15 foreign banks which was also used for financing
the development of shopping center Tunjungan Plaza III.
On April 1998, the company postponed the construction of its two
prestigious projects i.e. Supermal Pakuwon Indah and Tunjungan Plaza
IV, both located at Surabaya, due to high interest rate, decreasing
consumer demand, and rupiah depreciation to US dollar.
Since March 1998, the company also postponed to pay its coupon
(Coupon I and Coupon II) worth Rp 350 billion. This default has been
reported by the company to the management of the Jakarta Stock
Exchange, while Pefindo has lowered the rank of Pakuwon bond from
idBB to idD.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
217,746
19,010
1,943
1,134,914
120
2,721,500
19,959
1,791,775
0.001
1,250,000
771,789
1,544
500
-551,680
929,725
142,663
39,798
2,686
1,575,869
3,115,215
28,291
2,019,122
82,699
1,250,000
771,789
7,718
100
-468,010
1,013,394
-34.48
109.36
38.23
N/A
38.85
-100.00
14.47
41.74
12.69
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
392,123
197,277
194,846
28,491
166,355
85,952
252,307
33,571
218,736
444,377
210,763
233,614
44,282
189,332
-78,236
111,096
24,755
-2,672
83,670
13.33
6.84
19.90
55.42
13.81
N/A
-55.97
-26.26
N/A
-61.75
1.93
8.04
55.78
42.42
1.99
2.69
18.83
42.61
3.38
-66.58
-66.25
0.43
8,269,903,300
400.00
-80.00
15.17
9.00
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
246
Code
PWON-01XX-BF
Series Name
I Tahun 1996
Outstanding
(Rp Million)
71,468
Listing
Date
02-Jul-96
Maturity
Date
28-Jun-12
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
SBI + 1.00%, max.
12.00%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
Rating
BBB(idn)
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
PWON-01XX-BF
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
-
Last
Date
High
Low
Q3
-
Q4
-
-
WA1
Volume2
Turnover3
Modified Duration (Yrs): 5.832
-
-
Q1
Q2
-
12.366
29-Nov
12.368
12.366
12.367
190.43
1065.8%
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
PWON-01XX-BF
Low
High
12.366
12.368
% of Total
Turnover
Ratio
(%)
190
0.37
266.46%
190
0.37
TRADING VOLUME
(Billion Rp)
12.367
TOTAL
Modified
Duration (Yrs)
End of Year
5.832
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
PWON-01XX-BF -
Outstanding
190
Outstanding
71
-
20
-40
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
60
80
100
120
140
160
180
200
247
RCTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RAJAWALI CITRA TELEVISI INDONESIA
:
:
:
:
:
ADDRESS
Jl. Raya Pejuangan
Kebon Jeruk, Jakarta - 11530
Phone : (021) 5303540 - 5303550
Fax : (021) 549-3846, 549-3838
idA
Advertising, Printing & Media
http://www.rcti.tv
Gilang Iskandar
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Launched in August 24, 1989 as the first private television station in
Indonesia, RCTI nowadays becomes the leading and the icon in the
broadcast industry. With the broadest coverage in the country, through
its 48 relay stations RCTI’s program can be reached up by about 180
million viewers in 302 cities or about 80% of the Indonesian population.
This demography condition combined with the superb programming
strategy which resulted by the good rating are ones of the distinctive
advantages possessed by RCTI and it becomes an appeal for the
advertisers to take their promotions in RCTI.
Since 2004, the management has been aware of the importance of
integration and synergy in the multimedia and broadcasting industry.
As a result, RCTI is synergized with other business units within PT.
Media Nusantara Citra (MNC) or other business units within PT. Global
Mediacom, Tbk.
RCTI has also continually provided its commitment to balance between
commercial and social aspects, therefore RCTI constantly carries out its
corporate social responsibility through both on air and off air activities.
Through on air activities, in order to ensure that the positive values is well
delivered to the society, RCTI implements a strict control to its program
content, especially against the violence, mystic and pornography
through internal censorship. While through off air activities, RCTI sets up
Jalinan Kasih and RCTI Peduli, the two social programs that facilitate the
community to take part and help those in need.
In association with a number of hospitals all over Indonesia, Jalinan
Kasih conducts a healthcare program by delivering the donation
from viewers to the helped patients who come from the poor society.
Meanwhile, RCTI Peduli organizes social activities in order to help the
victims of natural disasters such as an aids distribution, rehabilitation
and rebuilding public facilities. In terms of non-natural disaster, RCTI
Peduli deals with education, health, housing, community empowerment
and community development.
RCTI issued a Bond with Fixed Interest Rate which amounts to
Rp.550,000,000,000 (five hundred and fifty billion rupiah) in October
2003 of the terms for 5 (five) years. In accordance with the existing ProxyAuthority Agreement, Pefindo has rated RCTI’s Bonds in September
2007 with the result of Single A, Stable Outlook.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
310,749
525,406
357,137
1,223,312
269,618
13,486
1,615,597
199,193
916,553
1,115,746
1,000,000
298,940
299
1,000
200,911
499,851
282,798
597,934
443,318
1,372,766
283,841
10,517
1,710,504
580,395
538,790
1,119,185
1,000,000
298,940
299
1,000
292,379
591,319
-8.99
13.80
24.13
12.22
5.28
-22.01
5.87
191.37
-41.22
0.31
N/A
45.53
18.30
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,458,137
1,056,541
401,596
1,056,541
401,596
-150,671
250,925
76,877
174,048
1,579,754
1,126,183
453,570
1,126,183
453,570
-128,475
325,095
92,627
232,468
8.34
6.59
12.94
6.59
12.94
14.73
29.56
20.49
N/A
33.57
2.23
10.77
11.94
27.54
1.89
13.59
14.72
28.71
-15.21
26.15
23.28
4.25
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
248
Code
RCTI01XXBFTW
Series Name
Tahun 2003
Outstanding
(Rp Million)
220,000
Listing
Date
24-Oct-03
Maturity
Date
23-Oct-08
Issue
Term
Coupon
Payment
Date
Coupon
Structure
4/5 Years
Fixed: 13.50%
23-Jan-07
23-Apr-07
23-Jul-07
23-Oct-07
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RCTI01XXBFTW
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q4
Q3
9.410
9.330
9.264
9.365
27-Mar 26-Jun 28-Sep 27-Dec
9.550
9.622
9.724 10.107
9.143
9.225
9.253
9.200
9.366
9.143
9.439
9.576
WA1
93.43 117.21 117.27 218.01
Volume2
97.1% 121.8% 121.8% 396.4%
Turnover3
Modified Duration (Yrs): 5.299
Last
Date
High
Low
Q1
Q2
9.362
8.869
28-Mar 26-Jun
9.408
8.875
9.163
8.583
9.338
8.875
27.29
84.10
49.6% 152.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
RCTI01XXBFTW
9.143
10.107
9.576
Executed Yield (%)
% of Total
Turnover
Ratio
(%)
545.9
1.052
248.15%
545.9
1.052
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
5.299
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
93
RCTI01XXBFTW
Q3-2007
117
-
50
100
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
E X C H A N G E
Q4-2007
Outstanding
117
220
Outstanding
I N D O N E S I A
Q2-2007
218
-150
200
250
300
350
400
450
500
550
249
RENT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
CSM CORPORATAMA
:
:
:
:
:
ADDRESS
Jl. Hayam Wuruk No. 6
Jakarta Pusat - 10120
Phone : (021) 385-5465, 345-6560
Fax : (021) 381-0062
Ba1.id
Transportation
http://www.indorent.co.id
Gina M
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT CSM Corporatama was established as PT Central Sumahi Motor on
July 13, 1987. On Oktober 10, 2000. this corporate renamed as PT CSM
Corporatama. This corporation has mainfield on selling and car renting,
reparation, and merchandise. This corporate began its job in 1987.
As its main field, this corporate gives car renting services for short or
long term to the customer whether it is company or individual. This
corporate provide supporting services as well such as reparation and
old car selling
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
21,485
73,800
46,945
186,250
691,164
9,842
905,749
214,718
503,395
718,113
13,618
220,000
220,000
0.2
1,000,000
-45,896
174,018
14,700
95,585
30,328
176,245
665,386
69,991
930,356
314,525
437,080
751,605
11,064
220,000
220,000
0.2
1,000,000
-52,387
167,687
-31.58
29.52
-35.40
-5.37
-3.73
611.15
2.72
46.48
-13.17
4.66
-18.76
-14.14
-3.64
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
376,110
250,311
125,799
54,094
71,705
-70,415
921
2,629
1,860
151
393,524
265,770
127,754
59,713
68,041
-70,431
-1,829
7,777
3,115
-6,491
4.63
6.18
1.55
10.39
-5.11
-0.02
N/A
195.78
67.47
N/A
4.13
0.02
0.04
19.06
4.48
-0.70
-1.65
17.29
8.62
N/A
N/A
-9.31
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
Maturity
Date
Issue
Term
Coupon
Structure
4 Years
Fixed: 13.25%
Monthly
Payment
Ba1.id
Ijarah Fee
Rp13,250,000,000,-
Monthly
Payment
Ba1.id
No.
Code
Series Name
1.
RENT01B
I Tahun 2004 Seri B
100,000
12-Nov-04
11-Nov-08
2.
RENT01C
Syariah Ijarah I Tahun
2004
100,000
12-Nov-04
11-Nov-08
250
Coupon
Payment
Date
Listing
Date
Outstanding
(Rp Million)
4 Years
Rating
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RENT01B
Trading Volume
(Rp Billion)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
YEAR 2007
Executed
Yield (%)#
Average
Yield (%)
TRADING MOVEMENT
Q2
Q1
8.883
8.957
15-Mar 07-Jun
9.121
9.291
8.871
8.807
8.999
8.809
WA1
70.30
19.94
Volume2
281.2% 79.7%
Turnover3
Modified Duration (Yrs): 7.031
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.858
25-Sep
9.005
8.858
9.005
21.04
84.2%
8.665
8.733
27-Dec 18-Jan
8.923
9.283
8.733
8.662
8.778
8.781
17.54
90.04
70.2% 360.2%
8.405
17-Jun
8.470
8.319
8.470
17.68
70.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
RENT01C
Trading Volume
(Rp Billion)
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)#
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.860
8.965
20-Mar 29-Jun
9.004
9.060
8.860
8.914
1
8.965
9.059
WA
15.59
23.93
Volume2
62.4% 95.7%
Turnover3
Modified Duration (Yrs): 7.308
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.828
27-Sep
9.048
8.783
8.783
16.51
66.0%
8.910
26-Dec
8.933
8.758
8.758
1.91
7.6%
8.779
8.405
12-Mar 14-May
8.779
8.419
8.626
8.349
8.779
8.419
2.62
10.25
41.0% 10.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Code
No.
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
RENT01B
8.733
9.291
8.778
129
0.25
128.82%
7.031
2.
RENT01C
8.758
9.060
8.758
58
0.11
57.94%
7.308
187
0.36
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
70
RENT01B
Q4-2007
20
21
100
Outstanding
16
RENT01C
24
17
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
45
18
--
2
100
Outstanding
-
Outstanding
-60
75
90
105
120
135
150
251
RICY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RICKY PUTRA GLOBALINDO TBK
:
:
:
:
:
ADDRESS
Jl. Sawah Lio II No. 29 - 37
Jakarta - 11250
Phone : (021) 634-2330, 632-7770 (24 Lines)
Fax : (021) 633-8642
Baa1.id
Textile, Garment
Tjiong Tek Siong
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
11,688
87,532
195,419
323,055
190,185
2,966
516,488
156,682
64,812
221,495
2,929
576,000
320,859
642
500
-33,679
292,064
10,736
91,906
210,209
376,806
196,570
452
574,677
193,983
44,190
238,173
3,043
576,000
320,859
642
500
7,717
333,460
-8.15
5.00
7.57
16.64
3.36
-84.76
11.27
23.81
-31.82
7.53
3.91
N/A
14.17
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
417,810
307,194
110,615
47,163
63,453
-4,109
59,344
20,975
-143
38,226
425,584
310,483
115,100
51,330
63,770
-6,092
57,678
16,167
-114
41,396
1.86
1.07
4.05
8.84
0.50
-48.27
-2.81
-22.92
19.93
8.29
0.76
7.40
9.15
15.19
0.71
7.20
9.73
14.98
-5.82
-2.67
6.31
-1.34
BALANCE SHEETS
PT Ricky Putra Globalindo Tbk produces man underwear and clothes,
as a trader, including embroidering, printing and spinning. It’s factory
located in a piece of land for the width of 128.265 square meters in
Tarikolot, Citeureup, Bogor, West Java with the total of production
capacities equal to 9.877.000 dozen. While the distribution process and
marketing focussed in it’s head office located in Jl sawah Lio II, Jakarta,
for the width of 2.340 square meters.
Company’s Product:
1. Man Underwear
Company produces three man underwear to fulfill various market
segment action including class society, such as :
• Ricky Mens Brief (RMB); Ricky Tank Top (RTT); Ricky T Shirt
(RTS); Ricky T Shirt Colour ( RTSC).
• GT Man : This Product is targeted for middle class and consist
of four models including type of Spandex. Type of Elastic for the
children and adult.
• Ricsony : This Product is targeted for lower class and consist of
five types including for the children and adult.
2. Clothes
Company’s product is T-Shirt, polo shirt and jeans Ricky Premier,
Ricky Junior and woman clothes of Della and Stolla.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
252
Code
Series Name
RICY02
Syariah Ijarah I Tahun
2005
Outstanding
(Rp Million)
60,400
Listing
Date
13-Jul-05
Maturity
Date
12-Jul-10
Coupon
Payment
Date
Issue
Term
Coupon
Structure
5 Years
Ijarah Fee
Rp9,211,000,000 p.a
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
Rating
Baa1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RICY02
Trading Volume
(Rp Billion)
6.00
12.5
4.80
10.0
3.60
7.5
2.40
5.0
1.20
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
10.840 11.391
07-Mar 25-May
11.561 11.391
10.840 10.161
10.840 10.161
WA1
3.55
4.59
Volume2
23.5% 30.4%
Turnover3
Modified Duration (Yrs): 6.832
Last
Date
High
Low
Q1-Q2 2008
Q3
-
Q4
Q1
Q2
11.226
27-Nov
11.226
11.226
11.226
2.09
13.8%
11.259 11.032
25-Feb 14-May
11.259 11.032
11.259 11.032
11.259 11.032
2.10
5.20
34.5% 13.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
1.
RICY02
10.161
11.561
11.226
Executed Yield (%)
% of Total
Turnover
Ratio
(%)
10.2
0.020
16.94%
10.2
0.020
TRADING VOLUME
(Billion Rp)
TOTAL
Modified
Duration (Yrs)
End of Year
6.832
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
4
RICY02
Q2-2007
Q3-2007
Q4-2007
Outstanding
5 - 2
60
Outstanding
-
7
14
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
21
28
-35
42
49
56
63
70
253
RMBA BENTOEL INTERNATIONAL INVESTAMA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Menara Rajawali, 21st Fl., Jl. Mega Kuningan Lot 5.1
Kawasan Mega Kuningan, Jakarta - 12951
Phone : (021) 576-1456
Fax : (021) 576-1388
idA
Tobacco Manufacturers
http://www.bentoel.co.id
Satrija Budi Wibawa
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Bentoel Group is one of the major players in the Indonesia cigarette
industry with more than 75 year’s experience. The company is the sole
distributor of the cigarette products of its subsidiaries.
PT Bentoel Internasional Investama Tbk, the operation holding company,
is a publicly listed company on the Indonesia Stock Exchange. The
Bentoel Group consists of PT Bentoel Prima, PT Lestariputra Wirasejati,
PT Tresno. PT Taman Bentoel, PT Suburaman, PT Amiseta, PT Bintang
Boladunia, PT Bintang Pesona Jagat and PT Cipta Pesona Bintang.
Since 1991, Bentoel Group has been fully transformed from a family-run
company into a professional business entity. The operational excellence
of Bentoel Group is illustrated by its growth over the past three years
which has exceeded the industry average.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
273,691
108,106
842,688
1,693,183
560,160
1,897
2,347,942
1,053,455
103,459
1,156,914
1,077,300
336,656
6,733
50
600,859
1,191,027
593,803
116.96
59.48
172,412
2,106,726
150.00
3,138,040
85.33
615,954
9.96
3,036
60.02
3,859,160
64.36
842,737
-20.00
1,474,904 1,325.59
2,317,641
100.33
N/A
1,077,300
336,656
6,733
50
747,978
24.48
1,541,519
29.43
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,996,514
2,295,512
701,002
534,499
166,503
13,035
179,538
34,028
145,510
4,586,007
3,581,029
1,004,978
661,659
343,319
-62,235
281,084
38,167
242,917
53.04
56.00
43.36
23.79
106.19
N/A
56.56
12.16
N/A
66.94
0.97
6.20
4.86
5.56
1.50
6.29
5.30
7.49
54.78
1.57
9.08
34.73
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
254
Code
RMBA01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
1,350,000
Listing
Date
28-Nov-07
Maturity
Date
27-Nov-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.50%
27-Feb-08
27-May-08
27-Aug-08
27-Nov-08
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RMBA01
Trading Volume
(Rp Billion)
250
10.0
200
8.0
150
6.0
100
4.0
50
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.855
Last
Date
High
Low
Q1-Q2 2008
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
Q1
Q2
7.976
04-Dec
7.979
7.977
7.979
30.00
8.9%
7.983
19-Mar
8.069
7.831
7.981
217.53
64.5%
7.957
24-Jun
8.033
7.816
7.957
80.70
23.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
RMBA01
Low
7.977
High
Weighted Avg.
Executed
Yield (%)
7.979
7.979
TOTAL
% of Total
Turnover
Ratio
(%)
30
0.06
2.22%
30
0.06
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
9.855
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
RMBA01 - 30
1,350
Outstanding
-
150
300
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
450
600
-750
900
1,050
1,200
1,350
1,500
255
RUIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
RADIANT UTAMA INTERINSCO TBK
:
:
:
:
:
ADDRESS
Radiant Utama Building, 2nd Fl.
Jl. Kapten Tendean No. 24, Jakarta - 12720
Phone : (021) 719-1020
Fax : (021) 719-1002
A3.id
Others
http://www.radiant-utama.com
Coki Lubis MA
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
47,481
206,114
1,709
269,034
43,298
1,591
329,879
164,918
14,762
179,680
8
240,000
77,000
770
100
42,219
150,191
52,861
230,613
1,759
349,358
41,694
4,528
412,624
121,440
111,039
232,479
10
240,000
77,000
770
100
72,020
180,135
11.33
11.89
2.91
29.86
-3.70
184.66
25.08
-26.36
652.18
29.38
19.76
70.58
19.94
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
801,091
702,620
98,470
42,549
55,922
-11,114
44,808
17,130
-2
27,676
890,978
780,966
110,012
54,104
55,909
-2,158
53,750
17,788
-2
35,960
11.22
11.15
11.72
27.16
-0.02
80.58
19.96
3.84
-20.77
29.93
1.20
8.39
3.45
6.98
1.29
8.71
4.04
6.27
7.88
3.88
16.82
-10.11
BALANCE SHEETS
PT Radiant Utama Interinsco – established on August 22, 1984 – is one
the companies in Radiant Utama Group with vast experience for more
than 30 years in oil & gas industry in Indonesia.
The company line of business including provision of technical services
such as supporting services for oil & gas sector from upstream to
downstream and other related industries, including provision of offshore
exploration facilities, offshore production facilities, inspection and
certification services as well as general trading.
Currently, PT Radiant Utama Interinsco with its two subsidiaries namely
PT Supraco Indonesia and PT Radiant Tunas Interinsco deals in four
business segments:
• Operation Support Services
• Inspection & Certification Services
• Offshore drilling and production facilities services
• Other services such as Environmental Impact assessment,
training, etc.
In addition, on November 11, 1985, PT Supraco Indonesia and Global
SantaFe formed a joint venture company called PT Santa Fe Supraco
Indonesia which doing business in provision of offshore drilling services
in Indonesia. Today, PT Santa FeSupraco Indonesia operate 2 (two) unit
jack-up rig in Total E&P Indonesia.
In April 2006, The Company got a US$110 million contract to provide an
offshore production facility (MOPU) on a lease-operate basis to Santos
to produce gas in Maleo field.
In 12 July 2006, The Company conducted Initial Public Offering and listed
its shares in Jakarta Stock Exchange. The Company issued Rp100 billion
Rupiah Bonds and listed in Surabaya Stock Exchange in July 2007.
The Company and its subsidiaries had been and will always commit
to give the best services to its customers. The commitment towards
quality and excellence services supported by ISO 9001:2000 awarded
in 2002 to the company and also OHSAS Certificate 18001:1999 and
ISO 14001:2004 regarding the Environmental, Health and Safety for
the Supporting activities and Operation on Technical and Inspection
Services.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
256
Code
RUIS01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
100,000
Listing
Date
13-Jul-07
Maturity
Date
12-Jul-11
Issue
Term
4 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 11.50%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
Rating
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
RUIS01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
30
12.5
24
10.0
18
7.5
12
5.0
6
2.5
-
-
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.375
N/A
N/A 26-Sep
N/A
9.377
N/A
N/A
N/A
9.366
N/A
N/A
N/A
9.376
WA1
N/A
N/A
27.01
Volume2
N/A
N/A 108.0%
Turnover3
Modified Duration (Yrs): 8.927
Last
Date
High
Low
Q4
Q1
Q2
9.614
13-Nov
9.614
9.614
9.614
9.82
39.3%
9.399
18-Feb
9.399
9.399
9.399
3.04
12.1%
9.377
26-Jun
9.404
9.309
9.309
15.00
60.0%
1
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
RUIS01
Low
High
9.366
% of Total
37
0.07
36.83%
37
0.07
(Billion Rp)
9.614
9.614
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
8.927
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
RUIS01 -
Q2-2007
27
Q3-2007
Q4-2007
Outstanding
10
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
-60
70
80
90
100
110
257
SBTR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SEMEN BATURAJA (PERSERO)
:
:
:
:
:
ADDRESS
Jl. Abikusno Cokrosuyoso
Kertapati Palembang - 30258
Phone : (0711) 511261
Fax : (0711) 512126 - 510682
A3.id
Cement
Mansyursyah Nasution
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
91,065
35,658
85,254
218,689
404,432
4,155
627,275
142,614
332,508
475,121
100,000
60,414
60
1,000
91,739
152,154
113,020
27,133
80,861
225,221
383,950
7,588
616,759
207,048
237,819
444,867
100,000
60,414
60
1,000
111,478
171,892
24.11
-23.91
-5.15
2.99
-5.06
82.64
-1.68
45.18
-28.48
-6.37
N/A
21.52
12.97
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
525,288
373,859
151,429
68,857
82,572
-41,381
41,191
14,995
26,196
588,255
433,322
154,933
65,808
89,125
-36,024
53,102
19,252
33,850
11.99
15.91
2.31
-4.43
7.94
12.95
28.92
28.38
N/A
29.22
3.12
4.18
4.99
15.72
2.59
5.49
5.75
15.15
-17.12
31.42
15.39
-3.62
BALANCE SHEETS
This corporation is the company works in cement industry established
on November 14, 1974. with PT Semen Gresik and PT Semen Padang
as the stockholder. In 1978, 88% corporation’s stock was taken over by
government based on regulation no. 10/ 1978, thus PT semen Gresik
only has 7 % while PT Semen Padang only 5%.
In 1991 based on regulation no. 3/1991 about the addition of
government’s capital stock into corporation’s capital stock, therefore
Indonesia government has 100% of PT Semen Batu Raja’s stock.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
258
Code
SBTR01
Series Name
I Tahun 2004
Outstanding
(Rp Million)
110,000
Listing
Date
23-Jun-04
Maturity
Date
22-Jun-10
Issue
Term
6 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.875%
22-Mar-07
22-Jun-07
22-Sep-07
22-Dec-07
Rating
A3.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SBTR01
Trading Volume
(Rp Billion)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
11.478
28-Jun
- 11.996
- 11.478
- 11.914
WA1
41.51
Volume2
- 103.8%
Turnover3
Modified Duration (Yrs): 3.212
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
11.492
28-Sep
11.569
11.483
11.507
8.41
21.0%
11.225
13-Dec
11.364
11.225
11.288
35.34
88.3%
Q1
Q2
-
12.201
25-Jun
12.202
11.717
11.780
44.72
162.6%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
SBTR01
Low
High
11.225
11.996
% of Total
Turnover
Ratio
(%)
85
0.16
53.29%
85
0.16
TRADING VOLUME
(Billion Rp)
11.288
TOTAL
Modified
Duration (Yrs)
End of Year
3.212
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
SBTR01 -
Q2-2007
42
Q3-2007
8
Q4-2007
Outstanding
35
160
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
120
259
SCTV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SURYA CITRA TELEVISI
:
:
:
:
:
ADDRESS
SCTV Tower - Senayan City
Jl. Asia Afrika Lot 19, Jakarta - 10270
Phone : (021) 2793-5555
Fax : (021) 2793-5444
idA
Advertising, Printing & Media
http://www.sctv.co.id
Hardijanto Saroso
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Surya Citra Televisi is a family TV station with a full and diverse spectrum
of programs and is the leading stations, as well as the most creative
and innovative, in Indonesia’s growing media industry. Together with
its holding company, PT Surya Citra Media Tbk, SCTV is fulfilling the
potential of the business to attain a worldwide reach, and pushing the
limits of traditional concepts of broadcasting to reach for a new paradigm
in the media industry.
SCTV’s current average audience share for 5+ ALL(SES) up to weeks
36, for the year 2008, ranks number one, from 10 Network TV Stations
with average 20%.
Beginning as a regional television station broadcasting from Surabaya in
1990, SCTV grew rapidly all over Indonesia, strengthening its position as
the most influential, respected and recognized TV station in Indonesia.
SCTV now reaches more than 240 cities through 47 transmission
stations, and has more than 175 million potential viewers.
SCTV has won broad acclaim for its operation performance and its
entertainment and news programs. This is reflected in the array of
national and international awards such as Asian Television Award, Seoul
Drama Award, Citra Pariwara, Panasonic Award, Festival Film Bandung,
Promax Award, Far East Economic Review Award and Asian Wall Street
Journal Award.
SCTV has already made the transition to a digital broadcast and
production platform, reflecting its policy of consistently adopting
advanced technology to improve performance and efficiency. To promote
digital TV migration in Indonesia, SCTV also plays an importance role to
support this action.
In the same spirit, this policy has put strong pressure on the Company
to enhance individual competencies in all fields in order to hone the
knowledge base while fostering talent, creativity and initiative. This is the
key to strengthening SCTV’s position as one of the leading broadcasters
in Indonesia.
The Company is listed on the Surabaya Stock Exchange in June 2003
and employs 1,300 people.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
152,847
342,918
187,457
696,934
296,566
6,625
1,031,521
231,484
446,103
677,587
300,000
230,000
230
1,000
123,934
353,934
674,140
480,231
202,193
1,387,736
316,717
7,818
1,798,214
723,261
590,877
1,314,138
300,000
230,000
230
1,000
254,075
484,075
341.06
40.04
7.86
99.12
6.79
18.02
74.33
212.45
32.45
93.94
N/A
105.01
36.77
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,193,004
942,630
250,374
942,630
250,374
-66,280
184,094
63,806
120,288
1,292,524
959,722
332,801
959,722
332,801
-80,376
252,425
82,263
170,162
8.34
1.81
32.92
1.81
32.92
-21.27
37.12
28.93
N/A
41.46
1.91
11.66
10.08
20.99
2.71
9.46
13.17
25.75
41.80
-18.85
30.57
22.69
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
260
Code
SCTV02
Series Name
II Tahun 2007
Outstanding
(Rp Million)
575,000
Listing
Date
11-Jul-07
Maturity
Date
10-Jul-12
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 10.95%
10-Oct-07
10-Jan-08
10-Apr-08
10-Jul-08
Rating
idA
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SCTV02
Trading Volume
(Rp Billion)
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
N/A
9.214
N/A
N/A
N/A 31-Jul
N/A
N/A
9.281
N/A
9.178
N/A
N/A
N/A
9.228
WA1
N/A
N/A 204.30
Volume2
N/A
N/A 142.1%
Turnover3
Modified Duration (Yrs): 5.843
Last
Date
High
Low
Q4
Q1
Q2
9.597
18-Dec
9.621
9.255
9.319
50.20
34.9%
9.358
24-Mar
9.597
9.015
9.358
8.20
5.7%
9.153
25-Jun
9.955
8.953
9.955
23.76
16.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
SCTV02
Low
9.178
High
Weighted Avg.
Executed
Yield (%)
9.621
9.319
TOTAL
% of Total
Turnover
Ratio
(%)
255
0.49
44.26%
255
0.49
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
5.843
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
SCTV02 -
Q2-2007
204
Q3-2007
Q4-2007
Outstanding
50
575
Outstanding
-
60
120
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
180
240
300
-360
420
480
540
600
261
SIFC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
SWADHARMA INDOTAMA FINANCE
:
:
:
:
:
ADDRESS
Wisma Indomobil I, 10th Fl.
Jl. MT. Haryono Kav. 8, Jakarta 13330
Phone : (021) 857-9095
Fax : (021) 857-4171
idBBBFinancial Institution
http://www.ptsif.com
M. Nur Alam
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
3,562
4,684
7,567
5,852
112.45
24.94
636,838
498,740
-21.68
16,571
35,988
40,239
873,449
759
772,252
0.05
54,000
54,000
0.05
1,000,000
47,197
101,197
8,290
14,438
15,293
716,010
724
633,149
0.05
54,000
54,000
0.05
1,000,000
28,861
82,861
-49.97
-59.88
-61.99
-18.03
N/A
-4.66
-18.01
-38.85
-18.12
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
185,790
280,979
-95,190
135,179
161,072
-25,893
-27.24
-42.67
N/A
72.80
Net Tax
Net Income
-29,362
-65,828
-7,557
-18,336
74.26
72.15
7.63
-7.54
-35.43
-51.24
7.64
-2.56
-13.56
-19.15
0.13
66.02
61.72
62.61
BALANCE SHEETS
PT Swadarma Indotama Finance ( SIF) activities in the field of financing.
Based on it’s license, SIF activity such as leasing, consumer financing
and factoring. At this time, SIF activity focused on leasing and consumer
financing.
1. Leasing : Types of leasing provided to customers such as where
lessee has first right to buy and has goods rented at the end of
the agreement.
2. Consumer financing : SIF gives consumer financing services,
provided into automotive ownership, capital goods, new or second
hand.
Factoring: The Activity is in the form of purchasing and or transferring
and managing account receivables
Million Rp except Par Value
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
262
Code
SIFC03XXBFTW
SIFC04B
Series Name
III Tahun 2003
IV Tahun 2005 Seri B
Outstanding
(Rp Million)
213,700
97,300
Listing
Date
08-Jul-03
13-Jul-05
Maturity
Date
03-Jul-08
12-Jul-08
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
3 Years
Rating
Fixed: 15.50%
03-Jan-07
03-Apr-07
03-Jul-07
03-Oct-07
idBBB-
Fixed: 14.125%
12-Jan-07
12-Apr-07
12-Jul-07
12-Oct-07
idBBB-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SIFC03XXBFTW
Trading Volume
(Rp Billion)
125
15.0
100
12.0
75
9.0
50
6.0
25
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q4
Q3
14.227 13.554 13.875
30-Mar 28-Jun 19-Sep
14.964 14.012 14.616
13.993 13.537 13.273
14.215 13.909 13.875
WA1
114.34
95.48
70.06
Volume2
181.5% 162.5% 128.1%
Turnover3
Modified Duration (Yrs): 5.607
Last
Date
High
Low
Q1
Q2
3.214
14.292 13.860
27-Nov 28-Mar 06-Jun
3.891
14.318 14.101
2.865
13.890 13.663
14.318 13.860
3.188
64.13
29.62
57.18
55.4% 120.0% 107.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SIFC04B
Trading Volume
(Rp Billion)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q3
Q2
Q4
Q1
Q2
10.933 10.697 10.646 10.677 10.321
29-Mar 27-Jun 21-Sep 27-Dec 14-Mar
10.978 10.828 10.792 10.897 10.328
10.712 10.565 10.493 10.630 10.114
1
10.940 10.768 10.654 10.655 10.323
WA
39.26
63.56
53.51
83.34 103.02
Volume2
169.5% 174.0% 342.6% 423.5% 161.4%
Turnover3
Modified Duration (Yrs): 3.663
Last
Date
High
Low
3.462
06-Jun
3.520
3.397
3.472
22.98
94.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
SIFC03XXBFTW
13.273
14.964
14.318
310
0.60
144.83%
5.607
2.
SIFC04B
10.493
10.978
10.655
303
0.58
311.86%
3.663
613
1.18
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
114
SIFC03XXBFTW
Q4-2007
95
64
SIFC04B
-
30
83
103
-60
INDONESIA BOND MARKET DIRECTORY 2008
S T O C K
30
--
54
97
Outstanding
Outstanding
70
214
Outstanding
I N D O N E S I A
Q3-2007
E X C H A N G E
90
120
150
180
210
240
270
300
330
263
SMRA SUMMARECON AGUNG TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Perintis Kemerdekaan No. 42
Jakarta Timur - 13210
Phone : (021) 489-2107, 471-4567
Fax : (021) 489-2976, 471- 4486
idAProperty And Real Estate
http://www.summarecon.com
Michael Yong
Bank Mandiri (Persero) Tbk
PROFILE
PT Summarecon Agung Tbk (SMRA) is located on Jakarta, that was
founded on November 26, 1975. In March 1, 1990, The Company was
going public (Initial Public Offering). The line of business of the company
is real estate and investing in land, property, apartment. The Company
is owned by PT Semarop Agung (26.18%), PT Sinarmegah Jayasentosa
(8.58%), PT Intimax Intraco (5.17%) and the others (60.07%) owned by
public.
FINANCIAL HIGHLIGHT
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
116,749
97,430
519,195
24,035
860,553
125,390
2,191,817
93,783
1,215,084
992
1,000,000
275,409
2,754
100
654,878
975,742
301,320
223,791
395,475
30,144
1,295,643
99,434
3,029,483
66,967
1,518,263
5,959
1,000,000
321,310
3,213
100
818,258
1,505,262
158.09
129.69
-23.83
25.42
50.56
-20.70
38.22
-28.59
24.95
500.53
16.67
16.67
24.95
54.27
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
965,250
545,682
419,568
177,628
241,940
-27,631
214,309
45,826
-384
168,099
1,027,230
501,418
525,811
255,039
270,773
-36,900
233,872
73,164
-869
159,839
6.42
-8.11
25.32
43.58
11.92
-33.55
9.13
59.66
-126.51
-4.91
1.25
7.67
17.42
25.07
1.01
5.28
15.56
26.36
-19.00
-31.21
-10.65
5.16
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
264
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
No.
Code
Series Name
SIKSMRA01
Sukuk Ijarah I Tahun
2008
Outstanding
(Rp Million)
Listing
Date
Maturity
Date
Issue
Term
Coupon
Payment
Date
Coupon
Structure
Rating
25-Sep-08
1.
200,000
26-Jun-08
25-Jun-13
5 Years
Ijarah Fee Rp28,200,000,000 25-Dec-08
p.a
25-Mar-09
idA-(Sy)
25-Jun-09
SMRA01XXBFTW
2.
3.
150,000
I Tahun 2003
SMRA02
II Tahun 2008
100,000
11-Jul-03
26-Jun-08
08-Jul-08
25-Jun-13
5 Years
5 Years
Fixed: 15.125%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 14.10%
25-Sep-08
25-Dec-08
25-Mar-09
25-Jun-09
idA-
TRADING HIGHLIGHT
SIKSMRA01
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
15.0
40.0
12.0
30.0
9.0
20.0
6.0
10.0
3.0
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
12.757
30-Jun
12.768
12.757
12.757
44.82
89.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SMRA01XXBFTW
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
11.876 11.696 11.682 11.976
12-Mar 26-Jun 18-Sep 26-Dec
13.788 11.745 12.526 11.976
11.872 11.652 11.629 11.801
11.897 11.662 11.824 11.859
WA1
109.82
33.62 186.86
57.09
Volume2
266.2% 81.5% 498.3% 152.2%
Turnover3
Modified Duration (Yrs): 3.098
Last
Date
High
Low
Q1
Q2
11.508
3.392
25-Mar 24-Jun
11.563
3.392
11.442
3.133
11.509
3.392
6.68
65.09
17.8% 173.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
265
SMRA02
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2.50
15.0
2.00
12.0
1.50
9.0
1.00
6.0
0.50
3.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q2
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
12.768
25-Jun
12.768
12.768
12.768
2.00
8.0%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
SMRA01XXBFTW
Low
High
11.629
13.788
% of Total
Turnover
Ratio
(%)
387
0.75
258.25%
387
0.75
TRADING VOLUME
(Billion Rp)
11.859
TOTAL
Modified
Duration (Yrs)
End of Year
3.098
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
110
SMRA01XXBFTW
-
40
Q3-2007
Q4-2007
34
150
Outstanding
266
Q2-2007
80
Outstanding
187
57
-120
160
200
240
280
320
360
400
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
This page is intentionally right blank
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
267
SOFN SUMMIT OTO FINANCE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Summitmas II 8th Floor
Jl. Jend. Sudirman Kav. 61-62, Jakarta - 12190
Phone : (021) 252-2788
Fax : (021) 252-2319, 252-6388
idAAA(cg)
Financial Institution
http://www.otofinance.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk
PROFILE
Initially established in 1990 as PT Summit Sinar Mas Finance, a joint
venture between PT Sinar Mas Multiartha and Sumitomo Corporation of
Japan, the Company had originally focused its activities on the corporate
leasing business. The name was changed to PT Summit Oto Finance
(“SOF”) in 2003 when the Company business shifted into the motorcycle
financing market in Indonesia.
SOF keeps on focusing its business activities in the financing of new
and used two-wheel vehicle, and as an independent finance company
SOF conducts financing activities without restricting to any single brand
or manufacturer so it does not have the risk of being limited by the
performance of any one brand.
Supported by 76 branches and service points throughout Indonesia,
SOF has been able to maintain its position as one of the leading players
in Indonesia motorcycle financing business.
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
268
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
151,429
5,504
603,803
20,944
298.74
280.52
3,477,474
3,558,751
2.34
62,230
47,561
3,825,596
1,686,281
28,111
2,885,999
2
1,000,000
945,179
2
500,000
41,188
939,597
55,635
68,284
4,358,535
1,211,754
7,608
3,345,011
2
1,000,000
945,179
2
500,000
89,545
1,013,524
N/A
-10.60
43.57
13.93
-28.14
-72.93
15.90
117.40
7.87
1,160,215
986,589
173,626
1,312,281
1,254,097
58,184
13.11
27.11
N/A
-66.49
53,372
120,255
9,827
48,357
-81.59
-59.79
3.07
3.14
10.36
14.96
3.30
1.11
3.68
4.43
7.45
-64.70
-64.45
-70.37
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
SOFN01B
1.
I Tahun 2006 Seri B
SOFN02A
3.
300,000
II Tahun 2007 Seri B
SOFN02C
5.
350,000
II Tahun 2007 Seri A
SOFN02B
4.
350,000
I Tahun 2006 Seri C
SOFN01C
2.
Outstanding
(Rp Million)
350,000
II Tahun 2007 Seri C
350,000
Listing
Date
10-Mar-06
10-Mar-06
09-Mar-07
09-Mar-07
09-Mar-07
Maturity
Date
09-Sep-08
09-Mar-09
08-Mar-09
08-Sep-09
08-Mar-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
30 Months
36 Months
24 Months
30 Months
36 Months
Rating
Fixed: 13.06%
09-Mar-07
09-Jun-07
09-Sep-07
09-Dec-07
idAAA
(cg)
Fixed: 12.89%
09-Mar-07
09-Jun-07
09-Sep-07
09-Dec-07
idAAA
(cg)
Fixed: 8.35%
08-Jun-07
08-Sep-07
08-Dec-07
08-Mar-08
idAAA
(cg)
Fixed: 8.65%
08-Dec-07
08-Mar-08
08-Jun-08
08-Sep-08
idAAA
(cg)
Fixed: 8.91%
08-Jun-07
08-Sep-07
08-Dec-07
08-Mar-08
idAAA
(cg)
TRADING HIGHLIGHT
SOFN01B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
5.00
12.5
4.00
10.0
3.00
7.5
2.00
5.0
1.00
2.5
Executed
Yield (%)
YEAR 2007
Q2
Q1
Q1-Q2 2008
Q3
9.839
9.682
20-Mar 15-Jun
9.681
9.838
9.681
9.838
9.681
9.838
WA1
4.09
2.02
Volume2
4.7%
2.3%
Turnover3
Modified Duration (Yrs): 8.242
Q4
-
Last
Date
High
Low
Q1
-
-
-
-
Q2
9.442
22-Feb
9.442
9.442
9.442
2.03
2.3%
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
SOFN01C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
0.10
12.5
0.08
10.0
0.06
7.5
0.04
5.0
0.02
2.5
Executed
Yield (%)
Last
Date
High
Low
YEAR 2007
Q1
Q2
-
Q3
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.191
-
Q1-Q2 2008
Q4
9.790
27-Jul
9.790
9.790
9.790
0.05
0.1%
Q1
-
Q2
-
-
-
-
-
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
269
SOFN02A
Trading Volume
(Rp Billion)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
-
Last
Date
High
Low
Q1-Q2 2008
Q3
-
-
Q4
-
-
1
WA
Volume2
Turnover3
Modified Duration (Yrs): .0
-
Q1
-
-
Q2
-
-
-
-
-
7.147
05-Jun
7.154
7.130
7.134
162.82
217.1%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SOFN02B
No Transaction in the Year of 2007 and Q1-Q2 2008
SOFN02C
No Transaction in the Year of 2007 and Q1-Q2 2008
TRADING STATISTICS 2007
No.
Code
% of Total
Turnover
Ratio
(%)
1.
SOFN01B
9.681
9.838
9.838
6.1
0.0118
1.75%
8.242
2.
SOFN01C
9.790
9.790
9.790
0.1
0.0001
0.01%
7.191
3.
SOFN02A
-
-
-
-
-
-
-
4.
SOFN02B
-
-
-
-
-
-
-
5.
SOFN02C
-
-
-
-
-
-
-
6.2
0.0119
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
Low
High
TOTAL
270
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
SOFN01B
Outstanding
350
-
350
-
SOFN01C Outstanding
SOFN02A 300
Outstanding
-
SOFN02B Outstanding
350
-
350
-
SOFN02C Outstanding
-
40
80
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
120
160
200
240
280
320
360
400
271
SONA SONA TOPAS TOURISM INDUSTRY TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Sudirman Tower 20th Fl., Jl. Jend. Sudirman Kav.60
Jakarta - 12190
Phone : (021) 521-3056/59 (Hunting)
Fax : (021) 521-3066
A1.id
Retail Trade
http://www.sonatopas.co.id
Budi Setiawan
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
Dec-2006
Dec-2007
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
24,034
6,091
84,286
131,509
131,509
405,200
105,171
170,457
275,627
150
330,000
82,800
331
250
46,623
129,423
56,784
9,344
87,394
176,539
275,818
469,053
151,082
172,562
323,643
166
330,000
82,800
331
250
62,444
145,244
136.27
53.41
3.69
34.24
109.73
N/A
15.76
43.65
1.23
17.42
10.77
33.93
12.22
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
282,901
148,388
134,514
110,604
23,910
-17,325
6,579
-1,209
-3
7,785
412,904
221,189
191,714
148,337
43,377
-24,703
18,674
2,837
-16
15,821
45.95
49.06
42.52
34.12
81.42
-42.59
183.83
N/A
-397.43
103.22
2.13
1.92
2.75
8.45
2.23
3.37
3.83
10.51
4.63
75.56
39.24
24.30
BALANCE SHEETS
PT Sona Topas Tourism Industry Tbk is an Indonesia-based travel and
tourism company. It is engaged in the selling and marketing of tickets,
including airlines and trains, guided tours and hotel rooms. It also
provides service to help its customers obtain travel documents. The
Company also operates duty-free shops in Jakarta and Bali through its
subsidiary, PT Inti Dufree Promosindo. The Company is headquartered
in Jakarta, Indonesia, and a member of the Mayapada Group.
Million Rp except Par Value
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
AS OF JUNE 2008
No.
1.
2.
272
Code
Series Name
SONA01A
Tahun 2004
SONA01B
Syariah Ijarah Tahun
2004
Outstanding
(Rp Million)
100,000
52,000
Listing
Date
29-Jun-04
29-Jun-04
Maturity
Date
28-Jun-09
28-Jun-09
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 14.75%
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
A1.id
Ijarah Fee
Rp7,670,000,000 p.a
28-Mar-07
28-Jun-07
28-Sep-07
28-Dec-07
A1.id
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
SONA01A
Trading Volume
(Rp Billion)
50.0
15.0
40.0
12.0
30.0
9.0
20.0
6.0
10.0
3.0
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
13.806
27-Mar
13.869
13.681
13.806
WA1
37.13
Volume2
148.5%
Turnover3
Modified Duration (Yrs): 1.606
Q3
-
Last
Date
High
Low
-
-
-
-
Q4
Q1
Q2
13.806
27-Dec
13.806
13.806
13.806
5.00
20.0%
13.805
03-Mar
13.805
13.805
13.805
5.00
20.0%
13.461
11-Jun
13.461
13.461
13.461
2.10
8.4%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
SONA01B
Trading Volume
(Rp Billion)
15.0
15.0
12.0
12.0
9.0
9.0
6.0
6.0
3.0
3.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
12.756 13.374
18-Jan 29-Jun
12.864 13.754
12.756 13.374
1
13.561
12.756
WA
2.17
12.38
Volume2
16.7% 95.3%
Turnover3
Modified Duration (Yrs): 5.764
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
13.601
24-Jul
13.601
13.374
13.601
3.14
24.1%
13.104
27-Nov
13.190
13.104
13.147
8.44
64.9%
Q1
Q2
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
SONA01A
13.681
13.869
13.806
42
0.08
42.13%
1.606
2.
SONA01B
12.756
13.754
13.147
26
0.05
50.24%
5.764
68
0.13
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
37
SONA01A
-
Q3-2007
Q4-2007
Outstanding
5
Outstanding
--
100
2
SONA01B
12
3
8
Outstanding
--
52
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
273
TKIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
PABRIK KERTAS TJIWI KIMIA TBK
:
:
:
:
:
ADDRESS
BII Plaza Tower II, 9th Fl.,
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9001 - 3 ext. 2033
Fax : (021) 392-6179 ; 392-7685
idBBBPulp & Paper
http://www.tjiwi.co.id
Agustian R. Partawijaya
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Pabrik Kertas Tjiwi Kimia Tbk is:
• One of the world’s largest vertically integrated paper and stationery
manufacturers.
• A major player in prime markets in Japan, Australia, Middle East,
USA, Europe and other Asian countries.
• Strategically located within the Asia-Pacific region.
• Internationally recognized for the high quality of its paper products.
• A Company that directly employs approximately 13,000 employees.
• Committed to sustainability in all its operations.
PT Pabrik Kertas Tjiwi Kimia Tbk was established on October 2, 1972.
The Company is located in Desa Kramat Tumenggung, in the subdistrict
of Tarik in Sidoarjo, East Java. The Company has been listed on the
Indonesia Stock Exchanges since 1990.
The main business activity of the Company presently is the production of
writing and printing papers, both coated and uncoated. The Company also
produces a wide range of converted stationery and office products such
as exercise books, writing pads, loose leaf, spirals, envelopes, computer
form, gift wrapping paper, shopping bags and fancy products which have
gained good responses from international markets. In line with market
demand, the Company produces higher value added products including
carbonless paper and cast coated paper and board.
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Dec-2006
Dec-2007
266,689
1,023,283
2,673,621
5,897,981
10,795,617
19,102,295
2,261,075
11,799,890
14,060,965
5,000,000
1,335,702
1,336
1,000
-79,191
5,041,330
299,054
1,780,465
3,033,952
6,717,247
11,267,198
20,413,709
2,651,850
12,405,700
15,057,550
5,000,000
1,335,702
1,336
1,000
12,094
5,356,159
12.14
74.00
13.48
13.89
4.37
N/A
6.87
17.28
5.13
7.09
N/A
N/A
6.24
8,633,893 10,877,859
7,511,688 9,386,828
1,122,205 1,491,031
991,285 1,098,925
130,920
392,106
-306,120
-314,079
-175,200
78,026
396,172
-16,716
-571,372
94,742
25.99
24.96
32.87
10.86
199.50
-2.60
N/A
N/A
N/A
N/A
2.79
-2.99
-6.62
1.52
Change %
2.81
0.46
0.87
3.60
0.79
N/A
N/A
137.72
AS OF JUNE 2008
No.
1.
2.
274
Code
TKIM02A
TKIM02B
Series Name
I Tahun 1996 Seri A
I Tahun 1996 Seri B
Outstanding
(Rp Million)
51,374
100,000
Listing
Date
25-Oct-04
25-Oct-04
Maturity
Date
01-Oct-14
01-Oct-17
Coupon
Payment
Date
Coupon
Structure
Issue
Term
10 Years
13 Years
Rating
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idBBB-
SBI 3 Months + 2.00%
01-Jan-07
01-Apr-07
01-Jul-07
01-Oct-07
idBBB-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TKIM02A
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
2.50
20.0
2.00
16.0
1.50
12.0
1.00
8.0
0.50
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
18.583 10.113
31-Jan 04-Jun
19.273 10.113
18.584 10.113
18.584 10.113
WA1
2.05
0.82
Volume2
11.2%
5.0%
Turnover3
Modified Duration (Yrs): 4.470
Q4
-
Last
Date
High
Low
Q1
-
-
Q2
-
-
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TKIM02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
20.0
20.0
16.0
15.0
12.0
10.0
8.0
5.0
4.0
YEAR 2007
Executed
Yield (%)
Q1
Q2
18.583 10.113
31-Jan 04-Jun
19.273 13.490
18.584 10.113
1
12.991
18.584
WA
2.80
20.50
Volume2
11.2% 82.0%
Turnover3
Modified Duration (Yrs): 5.501
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
-
Q1
-
-
-
15.768
- 16-May
- 15.768
- 15.768
- 15.768
5.50
22.0%
-
-
Q2
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
TRADING VOLUME
Code
1.
TKIM02A
10.113
19.273
10.113
3
0.01
4.90%
4.470
2.
TKIM02B
10.113
19.273
12.991
23
0.04
23.30%
5.501
26
0.05
High
TOTAL
% of Total
Modified
Duration (Yrs)
End of Year
No.
Low
(Billion Rp)
Turnover
Ratio
(%)
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TKIM02A
Q2-2007
Q3-2007
Q4-2007
Outstanding
2
Outstanding
--
59
3
TKIM02B
21
--
100
Outstanding
-
10
20
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
40
50
60
70
80
90
100
110
275
TRAC SERASI AUTORAYA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Jl. Mitra Sunter Boulevard Blok C-2 Kav 90
Jakarta 14350
Phone : (021) 266-05333
Fax : (021) 651-0628
idATransportation
http://www.trac.astra.co.id
Hendra Tanujaya
Bank Rakyat Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Serasi Autoraya (SERA) was established on March 22, 1990, located
in Jakarta. The Company has 17 branches and 16 outlets spreading
in Indonesia. The Company is managed to become one of the largest
car rental companies in Indonesia, focusing on car rental services for
corporate segment with long-term contracts. The Company is a member
of Astra Group, who owns 100.0% of the company’s shares.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
45,372
89,804
28,493
276,023
1,589,009
2,443
1,877,488
446,854
1,021,014
1,467,868
19,106
800,000
210,000
210
1,000
192,404
390,514
74,311
119,820
56,747
360,701
1,759,435
7,233
2,141,245
576,763
1,117,894
1,694,657
23,675
800,000
210,000
210
1,000
218,975
422,914
63.78
33.42
99.16
30.68
10.73
196.10
14.05
29.07
9.49
15.45
23.91
13.81
8.30
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
1,129,967
799,112
330,855
143,949
186,906
-154,579
32,327
12,662
1,098
20,763
1,725,311
1,291,631
433,680
201,830
231,851
-175,096
56,755
17,062
-4,469
35,224
52.69
61.63
31.08
40.21
24.05
-13.27
75.56
34.75
N/A
69.65
3.76
1.11
1.84
16.54
4.01
1.65
2.04
13.44
6.61
48.75
11.11
-18.76
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
276
Code
TRAC01XXBFTW
Series Name
Amortisasi I Tahun 2003
Outstanding
(Rp Million)
41,250
Listing
Date
14-Jul-03
Maturity
Date
11-Jul-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 13.875%
11-Jan-07
11-Apr-07
11-Jul-07
11-Oct-07
Rating
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TRAC01XXBFTW
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
-
10.612
18-Apr
- 10.616
- 10.612
- 10.614
WA1
43.24
Volume2
98.1%
Turnover3
Modified Duration (Yrs): 5.794
Last
Date
High
Low
-
Q1-Q2 2008
Q3
Q4
Q1
Q2
10.572
26-Sep
11.621
10.513
11.621
8.47
20.5%
10.632
03-Dec
10.700
10.597
10.599
21.17
68.4%
10.346
3.410
28-Mar 16-Jun
10.515
3.474
10.232
3.164
10.346
3.454
9.17
16.93
44.5% 164.2%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
1.
TRAC01XXBFTW
Low
High
10.513
11.621
% of Total
Turnover
Ratio
(%)
73
0.14
58.90%
73
0.14
TRADING VOLUME
(Billion Rp)
10.599
TOTAL
Modified
Duration (Yrs)
End of Year
5.794
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TRAC01XXBFTW -
Q2-2007
43
8
Q4-2007
Outstanding
21
124
Outstanding
-
15
30
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q3-2007
S T O C K
E X C H A N G E
45
60
-75
90
105
120
135
150
277
TRIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TRIMEGAH SECURITIES TBK
:
:
:
:
:
idASecurities Company
http://www.trimegah.com
Rosinu
Bank Rakyat Indonesia (Persero) Tbk
PROFILE
PT Trimegah Securities Tbk. is an Indonesia-based financial services
company. The Company’s principal activities are Equity Capital Markets
and Debt Capital Markets that facilitate equity and bond transactions;
Investment Banking that provides bonds and equity underwriting service,
arranger as well as financial advisory; and Asset Management that meets
financial needs of clients through innovative mutual and discretionary
funds. In addition, Trimegah Shariah was founded to serve clients with
products and services that comply with sharia principles in the capital
market.
Trimegah Securities has received various awards including “The Best
Securities Company – Capital Market Award 2004”, “The Best Securities
Company – Capital Market Award 2006”, “The Best Retail Government
Bond (ORI) Selling Agent”.
The Company is headquartered in Jakarta, Indonesia with its head office
at Artha Graha Building, Jalan Jendral Sudirman and has 21 branches
and representative offices in 17 major cities throughout Indonesia.
ADDRESS
Artha Graha Building 18th, 19th & 30th Fl.,
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-2345
Fax : (021) 515-2320
FINANCIAL HIGHLIGHT
BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Dec-2006
Dec-2007
167,693
22,678
-
148,282
4,842
-
Change %
-11.58
-78.65
N/A
Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
16,383
863
29,902
10,593
12,076
838,606
1,334
418.52
84,947
-100.00
159.58
77,620
13,028
23.00
8,378
-30.62
1,677,268
100.01
16,292 1,121.34
5
167,939
452,032
680,000
182,750
3,655
50
218,653
386,574
387,780
1,234,850
680,000
182,750
3,655
50
279,829
442,417
-100.00
130.90
173.18
N/A
27.98
14.45
INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
217,673
122,452
95,221
-18,162
77,058
5,363
71,695
342,280
188,196
154,084
-30,750
123,334
27,615
95,719
57.25
53.69
61.82
-69.30
60.05
414.94
N/A
33.51
1.17
8.55
32.94
43.74
2.79
5.71
27.97
45.02
138.70
-33.25
-15.10
2.91
Recievables from Customers
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
278
Million Rp except Par Value
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
Series Name
TRIM01
1.
2.
II Tahun 2007 Seri A
TRIM02B
4.
41,350
I Tahun 2004
TRIM02A
3.
Outstanding
(Rp Million)
100,000
II Tahun 2007 Seri B
TRIM02C
50,000
II Tahun 2007 Seri C
150,000
Listing
Date
14-Jul-04
13-Jul-07
13-Jul-07
13-Jul-07
Maturity
Date
13-Jul-09
22-Jul-08
12-Jul-09
12-Jul-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
5 Years
370 Days
2 Years
3 Years
Rating
Fixed: 12.875%
13-Jan-07
13-Apr-07
13-Jul-07
13-Oct-07
idA-
Fixed: 10.00%
22-Oct-07
22-Jan-08
22-Apr-08
22-Jul-08
idA-
Fixed: 10.375%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
idA-
Fixed: 10.875%
12-Oct-07
12-Jan-08
12-Apr-08
12-Jul-08
idA-
TRADING HIGHLIGHT
TRIM01
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
10.0
12.5
8.0
10.0
6.0
7.5
4.0
5.0
2.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q2
Q1
Q3
-
-
10.069
- 02-May
- 10.114
- 10.000
- 10.091
WA1
7.24
Volume2
70.0%
Turnover3
Modified Duration (Yrs): 8.209
Last
Date
High
Low
Q4
-
Q2
Q1
10.093
16-Nov
10.093
10.093
10.093
1.52
14.7%
-
10.034
21-Apr
10.034
10.034
10.034
0.20
1.9%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TRIM02A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
N/A
7.772
N/A
N/A 27-Sep
N/A
7.833
N/A
N/A
N/A
N/A
7.772
N/A
N/A
7.833
WA1
N/A
N/A
94.03
Volume2
N/A
N/A 376.1%
Turnover3
Modified Duration (Yrs): 9.815
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.764
16-Nov
7.779
7.714
7.717
12.73
50.9%
7.420
29-Feb
7.422
7.415
7.421
2.50
10.0%
3.462
06-Jun
3.462
3.441
3.462
23.16
92.7%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
279
TRIM02B
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
25.0
12.5
20.0
10.0
15.0
7.5
10.0
5.0
5.0
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q1-Q2 2008
Q3
Q4
N/A
N/A
8.685
N/A
N/A 14-Sep
N/A
N/A
8.685
N/A
N/A
8.682
1
N/A
N/A
8.685
WA
N/A
N/A
21.80
Volume2
N/A
N/A 174.4%
Turnover3
Modified Duration (Yrs): 6.887
Q1
-
-
Last
Date
High
Low
Q2
-
-
-
-
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRIM02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
YEAR 2007
Executed
Yield (%)
Q1
Q2
Q3
Q1-Q2 2008
Q4
N/A
N/A
9.015
9.126
N/A
N/A 28-Sep 28-Dec
N/A
N/A
9.015
9.133
N/A
N/A
8.960
9.103
N/A
N/A
8.984
9.107
WA1
N/A
N/A 187.98
49.84
Volume2
N/A
N/A 501.3% 132.9%
Turnover3
Modified Duration (Yrs): 4.756
Last
Date
High
Low
Q1
Q2
9.103
9.022
24-Jan 30-Jun
9.103
9.022
9.094
9.022
9.098
9.022
9.99
50.82
26.6% 135.5%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
Weighted Avg.
Executed
Yield (%)
% of Total
Turnover
Ratio
(%)
0.02
21.17%
8.209
107
0.21
106.76%
9.815
22
0.04
43.60%
6.887
238
0.46
158.55%
4.756
375
0.72
TRADING VOLUME
No.
Code
Low
High
1.
TRIM01
10.000
10.114
10.093
9
2.
TRIM02A
7.714
7.833
7.717
3.
TRIM02B
8.682
8.685
8.685
4.
TRIM02C
8.960
9.133
9.107
TOTAL
280
(Billion Rp)
Modified
Duration (Yrs)
End of Year
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
TRIM01 - 7 2
41
Outstanding
TRIM02A -
--
94
13
--
100
Outstanding
TRIM02B -
22
50
Outstanding
--
TRIM02C -
188
50
150
Outstanding
-
25
50
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
75
-100
125
150
175
200
225
250
281
TRJE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TRUBA JAYA ENGINEERING
:
:
:
:
:
ADDRESS
Wisma P.S.M, Jl. Swadaya II No. 7
Tanjung Barat Jagakarsa, Jakarta - 12530
Phone : (021) 780-3300; 789-1481; 781-5760
Fax : (021) 780-1054, 782-3968, 782-1505
idBBB+
Construction
http://www.trubagroup.com
Hanan Arifin
Bank Niaga Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
In year 1976 the company was established as a joint venture of PT Tri
Usaha Bakti Group of Indonesia with Jurong Engineering Limited of
Singapore under the name of PT Truba Jurong Engineering. It continues
to participate in global development especially in the field of power,
industrial, oil & gas, mining and fertilizer plants.
The company has been serving the industry over 30 years of proven
track record having participated or involved in most of the Major Power
and Industrial Projects in Indonesia. It is gaining foothold in the Middle
East market and focused in developing reputation in Saudi Arabia power
generation sector.
To cope with rapidly growing market, especially in Power and Oil & Gas
sectors, re-structuring has taken place in PT. Truba Jurong Engineering.
PT Truba Alam Manunggal has approved purchase of 98.3% of PT
Truba Jurong Engineering shares (45% from Jurong Engineering Ltd.
Singapore, 51% from PT Tri Usaha Bakti and 2.3% from others). By its
subsidiaries, now they have “one stop” solution to meet power generation
requirements comprising, investment if required, Project Management,
EPC and Operation & Maintenenace.
Million Rp except Par Value
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
45
313
5
72
631
148
297
2
200,000
150,000
150
1,000
183
333
294
545.61
503
60.68
7
22.27
176
N/A
88
22.51
N/A
1,732
174.32
163
10.02
497
67.50
1
-14.12
4,800,000 2,300.00
1,200,000
700.00
12,000 7,900.00
100
-90.00
-81.56
34
1,234
270.40
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
830
727
102
64
38
-9
34
11
-0
23
1,152
1,010
143
85
58
-7
62
21
0
41
38.87
38.77
39.55
32.51
51.26
25.61
79.99
94.13
N/A
76.28
0.89
3.66
2.78
4.63
0.40
2.35
3.53
5.04
-54.78
-35.74
26.94
8.93
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
282
Code
TRJE01
Series Name
I Tahun 2007
Outstanding
(Rp Million)
200,000
Listing
Date
09-Jan-08
Maturity
Date
08-Jul-10
Issue
Term
Coupon
Payment
Date
Coupon
Structure
2,5 Years
Fixed: 11.75%
08-Oct-08
08-Jan-09
08-Apr-09
08-Jul-09
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
TRJE01
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
N/A 10.175
N/A 25-Feb
N/A 10.183
N/A 10.173
N/A 10.176
N/A
75.00
N/A 150.0%
Q2
10.364
17-Jun
10.508
10.020
10.508
28.49
57.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
283
TUFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
TUNAS FINANCINDO SARANA
:
:
:
:
:
ADDRESS
Jl. Pasar Minggu No. 7
Jakarta - 12740
Phone : (021) 794-4788, 794-0777
Fax : -
idAFinancial Institution
Mirati H. Andiyana
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Tunas Baru Lampung Tbk is an Indonesia-based agribusiness
company. Its principal activities include processing and producing palmcooking oil, coconut cooking oil, crude coconut oil, crude palm oil (CPO)
and soap.
The Company is also engaged in the operation of palm and hybrid
plantations. The Company’s subsidiaries, which are engaged in the
operation of palm and pineapple plantations and crude palm oil factory,
include PT Bumi Sentosa Abadi, PT Bangun Nusa Indah Lampung, PT
Budi Dwiyasa Perkasa, PT Adikarya Gemilang, PT Bangun Tatalampung
Asri, PT Budinusa Ciptawahana and PT Agro Bumi Mas. Headquartered
in Jakarta, Indonesia, the Company operates production facilities in
Lampung, Surabaya, Tangerang, Palembang and Kuala Enok and
manages plantations in Terbanggi Besar and Banyuasin.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
Million Rp except Par Value
Dec-2007
42,305
17,569
47,305
5,763
11.82
-67.20
1,707,408
2,040,910
19.53
6,478
5,787
1,847,866
2,377
1,589,386
500
250,000
65,000
130
500
180,705
258,480
5,585
5,991
2,141,038
21,060
1,805,147
500
250,000
65,000
130
500
74,006
335,891
N/A
-13.79
3.53
15.87
N/A
785.99
13.58
-59.05
29.95
447,108
431,870
15,238
457,378
337,028
120,350
2.30
-21.96
N/A
689.80
2,377
12,861
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Change %
Dec-2006
35,618 1,398.44
558.83
84,732
5.37
3.96
18.53
26.31
6.15
0.70
2.88
3.41
-12.60
468.62
544.04
672.07
AS OF JUNE 2008
No.
1.
2.
284
Code
TUFI03C
TUFI04B
Series Name
III Tahun 2005 Seri C
IV Tahun 2007 Seri B
Outstanding
(Rp Million)
100,000
100,000
Listing
Date
11-Jul-05
23-Feb-07
Maturity
Date
08-Jul-08
22-Feb-09
Issue
Term
3 Years
2 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.25%
08-Jan-07
08-Apr-07
08-Jul-07
08-Oct-07
idA-
Fixed: 10.40%
22-May-07
22-Aug-07
22-Nov-07
22-Feb-08
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
Outstanding
(Rp Million)
Series Name
TUFI04C
IV Tahun 2007 Seri C
350,000
Listing
Date
23-Feb-07
Maturity
Date
22-Feb-10
Issue
Term
3 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 11.00%
22-May-07
22-Aug-07
22-Nov-07
22-Feb-08
idA-
idA-
4.
TUFI05A
V Tahun 2008 Seri A
350,000
21-Feb-08
27-Feb-09
370 Days
Fixed: 10.00%
27-May-08
27-Aug-08
27-Nov-08
27-Feb-09
5.
TUFI05B
V Tahun 2008 Seri B
25,000
21-Feb-08
20-Feb-10
2 Years
Fixed: 10.50%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
Fixed: 11.00%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
Fixed: 11.25%
20-May-08
20-Aug-08
20-Nov-08
20-Feb-09
idA-
6.
TUFI05C
7.
V Tahun 2008 Seri C
TUFI05D
50,000
V Tahun 2008 Seri D
175,000
21-Feb-08
21-Feb-08
20-Feb-11
20-Feb-12
3 Years
4 Years
TRADING HIGHLIGHT
TUFI03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
Q3
Q4
Q1
Q2
10.978 12.593 10.886 11.034 10.378
3.070
26-Mar 26-Jun 04-Sep 28-Dec 18-Mar 10-Jun
11.237 12.593 10.915 11.034 10.692
3.226
10.849 10.938 10.654 10.825 10.378
3.070
10.979 10.940 10.832 10.985 10.378
3.070
WA1
32.50
46.47
34.45
42.53
52.68
26.13
Volume2
185.9% 137.8% 170.1% 130.0% 210.7% 104.5%
Turnover3
Modified Duration (Yrs): 3.183
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI04B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
125
12.5
100
10.0
75
7.5
50
5.0
25
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
7.837
7.806
7.820
22-Feb 28-Jun 28-Sep
7.887
7.820
7.839
7.807
7.806
7.820
7.869
7.838
7.820
WA1
1.00
36.13
69.95
Volume2
4.0% 144.5% 279.8%
Turnover3
Modified Duration (Yrs): 9.879
Last
Date
High
Low
Q1-Q2 2008
Q4
Q1
Q2
7.772
7.748
7.750
13-Dec 10-Mar 30-Jun
7.779
7.803
7.806
7.738
7.703
7.696
7.801
7.776
7.803
17.07 103.62
58.90
68.3% 414.5% 235.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
285
TUFI04C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
200
12.5
160
10.0
120
7.5
80
5.0
40
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
8.083
8.146
30-Mar 22-Jun
8.112
8.146
8.073
8.068
1
8.083
8.122
WA
185.74 181.99
Volume2
212.3% 208.0%
Turnover3
Modified Duration (Yrs): 9.664
Last
Date
High
Low
Q3
Q1-Q2 2008
Q4
8.065
8.074
25-Sep 05-Dec
8.118
8.204
8.074
8.039
8.082
8.062
30.26 131.90
34.6% 150.7%
Q1
Q2
8.056
28-Mar
8.088
8.056
8.057
61.48
70.3%
8.156
30-Jun
8.304
8.133
8.296
77.30
88.3%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI05A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
Q1
Q2
N/A
7.650
7.698
N/A 25-Mar 26-Jun
N/A
7.686
7.703
N/A
7.650
7.535
N/A
7.650
7.702
N/A 225.61 260.84
N/A 257.8% 298.1%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
TUFI05B
No Transaction in Q1-Q2 2008
TUFI05C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1-Q2 2008
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
8.078
10-Mar
8.078
8.078
8.078
6.00
48.0%
Q2
-
1
-
-
Q1-07
286
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TUFI05D
Trading Volume
(Rp Billion)
7.50
12.5
6.00
10.0
4.50
7.5
3.00
5.0
1.50
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q3
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Q1
Q2
8.194
18-Feb
8.194
8.194
8.194
6.00
13.7%
-
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
% of Total
Turnover
Ratio
(%)
TRADING VOLUME
(Billion Rp)
Modified
Duration (Yrs)
End of Year
1.
TUFI03C
10.654
12.593
10.985
156
0.30
155.95%
3.183
2.
TUFI04B
7.738
7.887
7.801
124
0.24
124.15%
9.879
3.
TUFI04C
8.039
8.204
8.062
530
1.02
151.40%
9.664
810
1.56
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
TUFI03C
46
Outstanding
34
100
TUFI04B
36
Outstanding
43
TUFI04C
Q3-2007
Q4-2007
32
17
-
186
182
Outstanding
30
350
-
50
100
150
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
Outstanding
-
70
100
Q2-2007
E X C H A N G E
132
200
250
300
350
400
450
500
550
287
UNIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
UNGGUL INDAH CAHAYA TBK
:
:
:
:
:
ADDRESS
Wisma UIC 2nd Fl., Jl. Gaotot Subroto Kav. 6 - 7
Jakarta - 12930
Phone : (021) 579-05100
Fax : (021) 579-05111/05222
idAChemicals
http://www.uic.co.id
Lily Setiadi
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Unggul Indah Cahaya Tbk (UIC) was established on February 7,
1983. The Company is a sole producer of Alkylbenzene (AB) one of main
raw materials of detergent. PT Unggul Indah Cahaya Tbk is currently
considered as a company with the biggest one-location installed
production capacity in Asia Pacific region.
The Company main products are Linear Alkylbenzene (LAB) and
Branched Alkylbenzene (BAB). The Company produces Heavy Alkylate
(HA) and Light Alkylate (LA) as by-products. The Company runs its
production activities using technology obtained through a license
agreement with UOP LLC, USA.
To further strengthen its position in Asia Pacific region, the Company
has made some investments in several companies engaged in similar
industries in Indonesia, Vietnam, Singapore, Australia, and New Zealand.
In 2006, the Company acquired 40% ownership of Fang Cheng Tian-Mu
Chemical Co., Ltd, a company dealing with the production of phosphoric
acid in China.
The Company’s ability in providing high quality products and giving the
best services to its customers have received an international recognition.
This has been proved by International Quality Standard certification ISO
9001:2000 since 2003.
ISO 14001:1996 was also obtained in 2004 as recognition of the
Company’s continuous effort in preserving the environment. The
two certificates have been obtained from an international accredited
institution, SGS Systems & Services Certification, located in USA, UK,
and Australia / New Zealand.
In 2005, the Company added property to its business portfolio through
the acquisition of PT Wiranusa Grahatama, a company engaged in
developing office buildings and apartments located in the central
business district of Jakarta.
.
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
97,231
425,165
783,920
1,357,275
928,452
53,719
2,747,039
794,147
788,899
1,583,046
53,270
580,000
191,666
383
500
428,619
1,110,723
184,286
428,170
611,548
1,247,035
926,349
44,887
2,623,497
1,150,491
214,119
1,364,610
54,493
580,000
191,666
383
500
480,535
1,204,394
89.53
0.71
-21.99
-8.12
-0.23
-16.44
-4.50
44.87
-72.86
-13.80
2.30
12.11
8.43
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,917,451
2,594,385
323,066
224,569
98,497
-68,783
30,281
19,897
897
11,280
3,001,992
2,674,341
327,650
208,563
119,087
-71,834
47,157
13,082
-871
33,204
2.90
3.08
1.42
-7.13
20.90
-4.43
55.73
-34.25
N/A
194.37
1.43
0.41
0.39
3.38
1.13
1.27
1.11
3.97
-20.50
208.23
186.08
17.50
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
2.
288
Code
UNIC01AXBFTW
UNIC01BXBVTW
Series Name
I Tahun 2003 Seri A
I Tahun 2003 Seri B
Outstanding
(Rp Million)
443,000
44,000
Listing
Date
29-Oct-03
29-Oct-03
Maturity
Date
28-Oct-08
28-Oct-08
Coupon
Payment
Date
Coupon
Structure
Issue
Term
5 Years
5 Years
Rating
Fixed: 12.875%
28-Jan-07
28-Apr-07
28-Jul-07
28-Oct-07
idA-
Year 1: 12.875%; Year 2-5:
ATD 3 Months + 2.5%
(max. 15%, min. 8%)
28-Jan-07
28-Apr-07
28-Jul-07
28-Oct-07
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
UNIC01AXBFTW
Trading Volume
(Rp Billion)
175
10.0
140
8.0
105
6.0
70
4.0
35
2.0
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.979
8.972
27-Mar 28-Jun
9.161
9.154
8.911
8.875
8.913
8.898
WA1
105.41
71.03
Volume2
75.8% 51.1%
Turnover3
Modified Duration (Yrs): 6.949
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.925
28-Sep
8.925
8.859
8.925
11.19
8.1%
8.841
18-Dec
8.905
8.779
8.835
19.64
14.1%
8.759
8.387
28-Mar 25-Jun
8.554
8.843
8.265
8.725
8.759
8.324
64.09 159.18
46.1% 143.7%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
UNIC01BXBVTW
Trading Volume
(Rp Billion)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
8.009
7.852
07-Mar 26-Jun
7.853
8.009
7.782
8.009
1
7.782
8.009
WA
2.00
28.78
Volume2
18.2% 261.7%
Turnover3
Modified Duration (Yrs): 8.136
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
7.776
19-Sep
7.777
7.777
7.777
3.04
27.6%
Q1
-
Q2
7.768
7.765
14-Mar 17-Jun
7.770
7.835
7.768
7.765
7.769
7.800
54.80
23.96
498.2% 217.8%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
Low
High
Weighted Avg.
Executed
Yield (%)
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
UNIC01AXBFTW
8.779
9.161
8.835
207
0.40
37.28%
6.949
2.
UNIC01BXBVTW
7.777
8.009
7.777
34
0.07
76.87%
8.136
241
0.46
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
UNIC01AXBFTW
Q2-2007
105
71
Q3-2007
Outstanding
11 20
Outstanding
--
556
29
UNIC01BXBVTW
44 --
Outstanding
-
60
120
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
180
240
300
360
420
480
540
600
289
WOMF WAHANA OTTOMITRA MULTIARTHA TBK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Mega Glodok Kemayoran Office Tower B, 2nd Fl.
Jl. Angkasa Kav. B-6 Bandar Kemayoran, Jakarta - 10610
Phone : (021) 2664-6600
Fax : (021) 2664-6611
idAFinancial Institution
http://www.wom.co.id/
Fenfira Tedja
Bank Permata Tbk
FINANCIAL HIGHLIGHT
PROFILE
BALANCE SHEETS
PT Wahana Ottomitra Multiartha (WOM Finance), is a credit financing
company providing a motorbike loan is committed to improving its
customer satisfaction. The Company was established on March 23,
1982, located in Jakarta.
As today WOM Finance is still focusing its business in financing
motorbike loan and in 2003 it had financed 180,000 units of motorbike
loan worth Rp. 1.55 trillion. It is a 60% increase from 2002 which was
only 110,000 units or Rp. 945 billions. The 2003 record is much higher
than the national growth in the motorbike business which is only 15%.
The motorbike business is estimated to have a 10 to 15% growth or
around 3 million units this year. According to research up to 60% of sales
is from loans. This is a very feasible figure to do business. WOM Finance
is expecting to have 70 branches by the end of this year. It had 58
branches last year. It also expects to have a 50% increase in business
which equals to Rp 2.25 trillions or a 250,000-unit of motorbike loans. If
business is running as the management has expected, WOM Finance
will book a profit of more than Rp. 100 billions in 2004.
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
Million Rp except Par Value
Change %
Dec-2006
Dec-2007
80,460
28,087
100,512
58,805
24.92
109.37
4,501,390
4,354,705
-3.26
125,555
30,350
39,777
4,845,316
911,376
5,443
4,222,002
5,000
500,000
200,000
2,000
100
312,900
623,314
152,040
32,713
57,134
4,812,511
1,029,177
3,625
4,460,564
5,000
500,000
200,000
2,000
100
41,533
351,947
21.09
7.79
43.64
-0.68
12.93
-33.39
5.65
-86.73
-43.54
1,067,062
938,572
128,490
128,490
1,231,151
1,576,686
-345,536
15.38
67.99
-100.00
N/A
37,602
90,888
-104,169
-241,367
N/A
N/A
6.77
1.88
8.52
12.04
12.67
-5.02
-19.60
-28.07
87.11
N/A
N/A
N/A
AS OF JUNE 2008
No.
1.
2.
290
Code
WOMF02C
WOMF03B
Series Name
II Tahun 2005 Seri C
III Tahun 2006 Seri B
Outstanding
(Rp Million)
170,000
465,000
Listing
Date
08-Jun-05
08-Jun-06
Maturity
Date
07-Jun-09
07-Jun-09
Issue
Term
4 Years
3 Years
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 13.90%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
Fixed: 15.15%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
AS OF JUNE 2008
Code
No.
3.
Series Name
WOMF03C
4.
WOMF04A
5.
WOMF04B
6.
Outstanding
(Rp Million)
WOMF04C
III Tahun 2006 Seri C
160,000
IV Tahun 2007 Seri A
225,000
IV Tahun 2007 Seri B
185,000
IV Tahun 2007 Seri C
590,000
Listing
Date
08-Jun-06
30-May-07
30-May-07
30-May-07
Maturity
Date
07-Jun-10
29-May-10
29-May-11
29-Nov-11
Issue
Term
4 Years
36 Months
48 Months
54 Months
Coupon
Payment
Date
Coupon
Structure
Rating
Fixed: 15.35%
07-Mar-07
07-Jun-07
07-Sep-07
07-Dec-07
idA-
Fixed: 11.25%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idA-
Fixed: 11.625%
29-Aug-07
29-Nov-07
29-Feb-08
29-May-08
idA-
Fixed: 12.00%
29-Feb-08
29-May-08
29-Aug-08
29-Nov-08
idA-
TRADING HIGHLIGHT
WOMF02C
Trading Volume
(Rp Billion)
Average
Yield (%)
TRADING MOVEMENT
250
12.5
200
10.0
150
7.5
100
5.0
50
2.5
Executed
Yield (%)
Q1-Q2 2008
YEAR 2007
Q1
Q2
9.955 10.164
07-Mar 25-Jun
9.955 10.164
9.955
9.820
1
9.955
10.083
WA
1.02
17.30
Volume2
2.4% 40.7%
Turnover3
Modified Duration (Yrs): 7.802
Last
Date
High
Low
Q3
Q4
Q1
Q2
9.945
27-Sep
10.163
9.811
10.028
39.38
92.7%
9.892
13-Dec
10.028
9.876
9.912
28.77
67.7%
9.797 10.058
26-Mar 19-Jun
9.912 10.710
9.710
9.807
9.797 10.132
10.44 226.34
24.6% 532.6%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF03B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
400
12.5
320
10.0
240
7.5
160
5.0
80
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
Q1
Q2
10.566 10.264 10.327 10.258 10.280 10.570
08-Mar 28-Jun 20-Sep 27-Dec 18-Feb 20-Jun
10.653 10.745 10.744 10.387 10.392 10.575
10.141 10.171 10.201 10.092 10.208 10.303
10.566 10.171 10.327 10.249 10.291 10.570
WA1
264.92 168.16 237.20 300.23 342.93 350.92
Volume2
227.9% 144.7% 204.0% 258.3% 295.0% 301.9%
Turnover3
Modified Duration (Yrs): 7.908
Last
Date
High
Low
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
291
WOMF03C
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
100
12.5
80
10.0
60
7.5
40
5.0
20
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
Q3
Q1-Q2 2008
Q4
10.422 11.110 10.747 10.485
20-Mar 25-Jun 27-Sep 05-Dec
10.422 11.110 11.059 10.684
10.014 10.166 10.047
9.896
1
10.422
10.181
10.049
10.010
WA
21.99
33.11
66.72
92.62
Volume2
55.0% 82.8% 166.8% 231.5%
Turnover3
Modified Duration (Yrs): 1.972
Last
Date
High
Low
Q1
Q2
10.710 10.500
04-Feb 11-Jun
10.710 10.744
10.093 10.569
10.710 10.743
12.04
54.20
30.1% 135.5%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF04A
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
50.0
12.5
40.0
10.0
30.0
7.5
20.0
5.0
10.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
7.469
N/A 28-Jun
N/A
7.469
N/A
7.462
N/A
7.463
WA1
N/A
5.51
Volume2
N/A
9.8%
Turnover3
Modified Duration (Yrs): 5.026
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
5.947
26-Sep
5.948
5.926
5.926
16.52
29.4%
8.377
31-Oct
8.377
7.308
8.377
9.65
17.1%
5.958
27-Feb
5.959
5.953
5.959
44.01
78.2%
7.525
30-Jun
7.528
7.416
7.526
39.37
70.0%
1
-
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
WOMF04B
Trading Volume
(Rp Billion)
TRADING MOVEMENT
Average
Yield (%)
60.0
12.5
48.0
10.0
36.0
7.5
24.0
5.0
12.0
2.5
Executed
Yield (%)
YEAR 2007
Q1
Q2
N/A
8.633
N/A 28-Jun
N/A
8.633
N/A
8.633
1
N/A
8.633
WA
N/A
45.00
Volume2
N/A 97.3%
Turnover3
Modified Duration (Yrs): 9.260
Last
Date
High
Low
Q1-Q2 2008
Q3
Q4
Q1
Q2
8.631
26-Sep
8.633
8.541
8.572
24.65
53.3%
8.569
13-Dec
8.591
8.470
8.582
17.15
37.1%
8.515
8.734
22-Jan 30-Jun
8.515
8.734
8.505
8.519
8.510
8.524
30.66
52.08
66.3% 112.6%
1
-
-
Q1-07
292
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
WOMF04C
Trading Volume
(Rp Billion)
300
12.5
240
10.0
180
7.5
120
5.0
60
2.5
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
Q1-Q2 2008
Q3
Q4
Q1
N/A
8.726
8.706
8.691
N/A 06-Jun 28-Sep 14-Dec
N/A
8.813
8.819
8.765
N/A
8.712
8.640
8.601
N/A
8.755
8.724
8.601
WA1
2
N/A
31.96
212.28
281.82
Volume
N/A 21.7% 143.9% 191.1%
Turnover3
Modified Duration (Yrs): 9.071
Last
Date
High
Low
Q2
8.787
8.986
25-Mar 19-Jun
8.799
9.312
8.031
8.413
8.756
8.413
142.01 193.70
96.3% 131.3%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Weighted Avg.
Executed
Yield (%)
Executed Yield (%)
No.
Code
Low
High
TRADING VOLUME
(Billion Rp)
% of Total
Turnover
Ratio
(%)
Modified
Duration (Yrs)
End of Year
1.
WOMF02C
9.811
10.164
9.912
86
0.17
50.87%
7.802
2.
WOMF03B
10.092
10.745
10.249
971
1.87
208.71%
7.908
3.
WOMF03C
9.896
11.110
10.010
214
0.41
134.02%
1.972
4.
WOMF04A
5.926
8.377
8.377
32
0.06
14.08%
5.026
5.
WOMF04B
8.470
8.633
8.582
87
0.17
46.92%
9.260
6.
WOMF04C
8.601
8.819
8.601
526
1.01
89.16%
9.071
1,916
3.69
TOTAL
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
Q2-2007
Q3-2007
Q4-2007
Outstanding
39 29
WOMF02C
-
170
Outstanding
168
WOMF03B
-
465
Outstanding
WOMF03C 22 33
93
67
-
160
Outstanding
300
237
WOMF04A -
225
Outstanding
WOMF04B -
45
-
185
Outstanding
WOMF04C - 32
282
212
-
590
Outstanding
-
100
200
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
300
400
500
600
700
800
900
1,000
293
WSKT WASKITA KARYA (PERSERO)
Company Rating
Business Sector
Website
Corporate Sec.
Trustee
:
:
:
:
:
ADDRESS
Waskita Building
Jl. MT Haryono Kav. X No. 10 Cawag, Jakarta 13340
Phone : (021) 850-8520, 850-8510
Fax : (021) 850-8506
idBBB+
Building Construction
http://www.waskita.co.id
Elisabeth Wiria
Bank Mega Tbk
FINANCIAL HIGHLIGHT
PROFILE
PT Waskita Karya (WSKA) was established on January 1, 1961, that
was initially owned by the Dutch colony under its previous name of
“Volker Aannemings Maatschappij NV”, is now a state owned company
and widely known as one of the biggest companies in construction
sector. The company’s main business is still construction services with
specialization in general civil works, building, and steel constructions
Million Rp except Par Value
BALANCE SHEETS
Dec-2006
Dec-2007
Change %
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
85,694
537,765
128,322
7,117
135,718
8,224
1,940,753
469,200
1,615,217
720,000
180,000
0.2
1,000,000
145,536
325,536
69,450
416,270
147,019
7,117
127,143
27,155
1,963,778
518,109
1,606,729
720,000
180,000
0.2
1,000,000
176,706
357,050
-18.96
-22.59
14.57
-6.32
230.20
1.19
10.42
-0.53
N/A
21.42
9.68
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
2,769,041
2,535,946
233,096
102,000
138,631
-57,915
80,716
25,860
54,855
2,317,348
2,103,508
213,840
103,537
104,710
-53,771
50,939
16,835
34,104
-16.31
-17.05
-8.26
1.51
-24.47
7.16
-36.89
-34.90
N/A
-37.83
4.96
2.83
1.98
5.01
4.50
1.74
1.47
4.52
-9.31
-38.56
-25.71
-9.75
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2008
No.
1.
294
Code
WSKT01BXBFTW
Series Name
I Tahun 2003 Seri B
Outstanding
(Rp Million)
46,250
Listing
Date
20-Nov-03
Maturity
Date
19-Nov-08
Issue
Term
5 Years
Coupon
Payment
Date
Coupon
Structure
Fixed: 14.25%
19-Feb-07
19-May-07
19-Aug-07
19-Nov-07
Rating
idBBB+
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
S T O C K
E X C H A N G E
TRADING HIGHLIGHT
WSKT01BXBFTW
Trading Volume
(Rp Billion)
20.0
12.5
16.0
10.0
12.0
7.5
8.0
5.0
4.0
2.5
Q1-Q2 2008
YEAR 2007
Executed
Yield (%)
Average
Yield (%)
TRADING MOVEMENT
Q1
Q2
9.188
- 22-May
9.224
9.188
9.206
WA1
6.26
Volume2
54.1%
Turnover3
Modified Duration (Yrs): 7.994
-
Last
Date
High
Low
Q3
-
Q4
Q1
Q2
9.375
14-Dec
9.375
9.151
9.163
8.25
71.3%
9.036
8.809
15-Jan 24-Jun
9.113
8.845
9.036
8.807
9.075
8.809
4.15
19.42
35.9% 167.9%
1
-
Weighted Average; 2 Trading Volume in Billion Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
-
Q1-07
Q2-07
Q3-07
Q4-07
Q1-08
Q2-08
TRADING STATISTICS 2007
Executed Yield (%)
No.
Code
1.
WSKT01BXBFTW
High
Low
9.151
Weighted Avg.
Executed
Yield (%)
% of Total
15
0.03
31.37%
15
0.03
(Billion Rp)
9.163
9.375
Turnover
Ratio
(%)
TRADING VOLUME
TOTAL
Modified
Duration (Yrs)
End of Year
7.994
TRADING VOLUME BY SERIES - YEAR 2007 (IN BILLION RP)
Q1-2007
WSKT01BXBFTW -
6
-
Q2-2007
Q3-2007
Outstanding
8
46
Outstanding
-
5
10
INDONESIA BOND MARKET DIRECTORY 2008
I N D O N E S I A
Q4-2007
S T O C K
E X C H A N G E
15
20
-25
30
35
40
45
50
295
