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IDX LQ45
August 2015
Contents
Forewords
LQ45 Index Constituents for the period of August 2015 – January 2016
No. Code Stock Name Page
1. AALI Astra Agro Lestari Tbk. [S] (Plantation, 12) ................................................................................................................................................. 2
2. ADHI Adhi Karya (Persero) Tbk. [S] (Building Construction, 62)....................................................................................... 6
3. ADRO Adaro Energy Tbk. [S] (Coal Mining, 21) ...................................................................................................................................................... 10
4. AKRA AKR Corporindo Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91)) ........................................................................ 14
5. ASII Astra International Tbk. [S] (Automotive and Components, 42)......................................................................................................... 18
6. ASRI Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) .............................................................................................................. 22
7. BBCA Bank Central Asia Tbk. (Bank, 81)................................................................................................................................................................... 26
8. BBNI Bank Negara Indonesia (Persero) Tbk. (Bank, 81).................................................................................................................................. 30
9. BBRI Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) ................................................................................................................................. 34
10. BBTN Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................ 38
11. BMRI Bank Mandiri (Persero) Tbk. (Bank, 81)........................................................................................................................................................ 42
12. BMTR Global Mediacom Tbk. [S] (Investment Company, 98)........................................................................................................................... 46
13. BSDE Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61).......................................................................................................... 50
14. CPIN Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36).................................................................................................................... 54
15. EXCL XL Axiata Tbk. (Telecommunication,73) ....................................................................................................................................................... 58
16. GGRM Gudang Garam Tbk. (Tobacco Manufacturers, 52)................................................................................................................................. 62
17. ICBP Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51) ............................................................................................. 66
18. INCO Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23)........................................................................................................................ 70
19. INDF Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) .......................................................................................................... 74
20. INTP Indocement Tunggal Prakasa Tbk. [S] (Cement, 31).............................................................................................................................. 78
21. ITMG Indo Tambangraya Megah Tbk. [S] (Coal Mining, 21)............................................................................................................................ 82
22. JSMR Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72).............................................................. 86
23. KLBF Kalbe Farma Tbk. [S] (Pharmaceuticals, 53).............................................................................................................................................. 90
24. LPKR Lippo Karawaci Tbk. [S] (Property and Real Estate, 61)....................................................................................................................... 94
25. LPPF Matahari Department Store Tbk. [S] (Retail Trade, 93)......................................................................................................................... 98
26. LSIP PP London Sumatera Tbk. [S] (Plantation,12)........................................................................................................................................... 102
27. MNCN Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................ 106
28. MPPA Matahari Putra Prima Tbk. [S] (Retail Trade,93)....................................................................................................................................... 110
29. PGAS Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71).................................................................................................................... 114
30. PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21)............................................................................................ 118
31. PTPP PP (Persero) Tbk. [S] (Building Construction, 62) .................................................................................................. 122
32. PWON Pakuwon Jati Tbk. [S] (Property and Real Estate, 61)........................................................................................................................... 126
33. SCMA Surya Citra Media Tbk. [S] (Advertising, Printing And Media, 95).................................................................................................... 130
34. SILO Siloam International Hospitals Tbk. [S] (Healthcare, 96)....................................................................................................................... 134
35. SMGR Semen Indonesia (Persero) Tbk. [S] (Cement, 31).................................................................................................................................. 138
36. SMRA Summarecon Agung Tbk. [S] (Property and Real Estate, 61) ................................................................................. 142
37. SRIL Sri Rejeki Isman Tbk. (Textile, Garment, 43)........................................................................................................... 146
38. SSMS Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................ 150
39. TBIG Tower Bersama Infrastructure Tbk. (Non Building Construction, 75) ...................................................................... 154
40. TLKM Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73)....................................................................................... 158
41. UNTR United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) .......................................................... 162
42. UNVR Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54).............................................................................................................. 166
43. WIKA Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) .............................................................................................................. 170
44. WSKT Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) ................................................................................. 174
45. WTON Wijaya Karya Beton Tbk. [S] (Cement, 31) .............................................................................................................. 178
N O T E S
1. Trading Volume, Value and Frequency :
Figure of trading volume, value, and frequency are calculated once. Trading Frequency refers to numbers of transaction.
2. Foreign Ownership
In September 1997, the foreign ownership limitation was abolished except for banks (49% of total listed shares). In May 1999, the
maximum number of listed shares and foreign ownership on banks company was set to 99%, based on Government regulation
dated May 7th, 1999.
3. Number of listed shares
This figures refers to the total number of shares that is already listed and can be traded at the exchange
4. Market Capitalization
This figures indicates the aggregate number of listed shares multiplied by regular market closing price
5. Jakarta Composite Index
Jakarta Composite Index =
( )
ValueBase
SharesofNumberxPriceClosingRegular∑
Base Value = ( )∑ SharesofNumberxPriceBase
Individual Index =
PriceBase
PriceClosingRegular
6. To calculate the Jakarta Composite Index and Stock Individual Index, Base Price and Base Value are adjusted when bonus and
rights issues, share splits and consolidations are made. Base price for new listed companies is IPO price.
7. Earnings Per Share (EPS)
The figure of EPS is derived by dividing Profit for the period attribute to owner’s entity by number of issued shares. We annualized
the EPS when interim reports are used (see the Financial statement dates and Financial Year Ends).
8. Book Value per Share (BV)
The figure of BV is derived by dividing the Total Shareholders’ Equity by number of issued shares.
9. Debt to Assets Ratio (DAR)
DAR =
AssetsTotal
sLiabilitieTotal
x 100%
10. Debt to Equity Ratio (DER)
DER =
EquityTotal
sLiabilitieTotal
x 100%
11. Return on Assets (ROA)
ROA =
AssetsTotal
periodtheforProfit
x 100%
12. Return on Equity (ROE)
ROE =
EquityTotal
periodtheforProfit
x 100%
13. Gross Profit Margin (GPM)
GPM =
SalesTotal
ProfitGross
x 100%
14. Operating Profit Margin (OPM)
OPM =
SalesTotal
IncomeOperating
x 100%
15. Net Profit Margin (NPM)
NPM =
SalesTotal
periodforProfit
x 100%
16. Payout Ratio =
EPS
Dividend
x 100%
17. Yield =
PriceClosing
Dividend
x 100%
18. [S] Sharia Compliant Stock
19. Period Attribute : Profit for the period attributable to owner’s entity
20. Comprehensive Attribute : Comprehensive Income attributable to owner’s entity
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, August 2015
Research and Development Division
Indonesia Stock Exchange
© 2015 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.
LQ45 Index Constituents
for the period of August 2015 – January 2016
ASTRA AGRO LESTARI TBK.
Company Profile
 
PT  Astra  Agro  Lestari  Tbk.  was  established  dated  October  3rd
,  1988.    The  scope  of  its 
activities  is  to  engage  in  plantation  operation,  general  trading,  manufacturing, 
transportation, consultation and services. 
 
The Company has investments in subsidiaries which are engaged in oil palm and rubber 
plantations and industrial activities. The Company commenced commercial operations in 
1995.  The company’s oil palm plantations and its mill are located in South Kalimantan. The 
subsidiaries’ plantations and mills are located in Java, Sumatera, Kalimantan, and Sulawesi. 
 
PT Astra International Tbk. is the parent entity of the Company, whereas Jardine Matheson 
Holdings Ltd, incorporated in Bermuda, is its ultimate parent entity. 
 
As of June 30th
, 2015, the Company and subsidiaries had 35,133 permanent employees. 
August 2015
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.
C O M P A N Y R E P O R T
AALI
RESEARCH AND DEVELOPMENT DIVISION2
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Agriculture (1) Listed Shares :
Industry Sub Sector : Plantation (12) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO :
PT ABN AMRO Hoare Govett Indonesia DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 252-5666
Fax : (021) 252-5028
BOARD OF COMMISSIONERS
Prijono Sugiarto
Anugerah Pekerti *)
Chiew Sin Cheok
Johannes Loman
Soemadi Djoko Moerdjono Brotodiningrat *)
*) Independent Commissioners
BOARD OF DIRECTORS
Widya Wiryawan
Bambang Palgoenadi
Jamal Abdul Nasser
Joko Supriyono
Juddy Arianto
Rudy
AUDIT COMMITTEE
Soemadi Djoko
Juliani Eliza Syaftari
Moerdjono Brotodiningrat
Ratna Wardhani
CORPORATE SECRETARY
Rudy
HEAD OFFICE
ISSUED HISTORY
Listing Trading
Type of Listing Date Date
Phone : (021) 461-6555
Fax : (021) 461-6682, (021) 461-6689 :
Homepage : www.astra-agro.co.id :
Email : Investor@astra-agro.co.id :
:
:
:
:
PT Astra International Tbk.
Public (<5%)
1,254,831,088
319,913,912 20.32%
03-Oct-1988
09-Dec-1997
31,613,005,875,000
1,574,745,000
1,554.190
1. 79.68%
09-Nov-98 I
F
Shares
2.
1998
29-Oct-98
Astra Agro Lestari Tbk. [S]
4.
1997
05-Jul-99
30-Oct-98 23-Nov-98
08-Jun-99
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
25.00 27-May-99 28-May-99
60.001998
AALI
F
2001 10.00
B
1999 45.00 31-May-00
3.
4.
5.
1.
5.
6.
1.
2.
3.
4.
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
1.
2.
2.
3.
02-Jun-00 12-Jun-00 26-Jun-00 F
2000 7.00 07-Jun-01 08-Jun-01 13-Jun-01 27-Jun-01
18-Jun-02 19-Jun-02 24-Jun-02 04-Jul-02 F
2002 60.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F
Jln. Pulo Ayang Raya Blok OR - I
Kawasan Industri Pulogadung
Jakarta 13930
Bonus
F/I
Year
37.00 22-Jun-98 23-Jun-98 01-Jul-98 20-Jul-98 F
1999 5 : 1 27-May-99 28-May-99 08-Jun-99 05-Jul-99
2004 150.00 06-Jun-05 07-Jun-05 09-Jun-05 23-Jun-05 F
2005 325.00 12-May-06 15-May-06 17-May-06 01-Jun-06 F
2003 90.00 04-Jun-04 07-Jun-04 09-Jun-04 23-Jun-04 F
2004 100.00 06-Dec-04 07-Dec-04 09-Dec-04 23-Dec-04 I
2007 190.00 19-Oct-07 22-Oct-07 24-Oct-07 02-Nov-07 I
2007 625.00 16-Jun-08 17-Jun-08 19-Jun-08 30-Jun-08 F
2006 95.00 17-Oct-06 18-Oct-06 20-Oct-06 10-Nov-06 I
2006 230.00 11-Jun-07 12-Jun-07 14-Jun-07 25-Jun-07 I
2009 220.00 30-Oct-09 02-Nov-09 04-Nov-09 11-Nov-09 I
2009 685.00 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F
2008 350.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I
2008 155.00 04-Jun-09 05-Jun-09 09-Jun-09 23-Jun-09 F
2011 300.00 24-Oct-11 25-Oct-11 27-Oct-11 10-Nov-11 I
2011 695.00 08-May-12 09-May-12 14-May-12 29-May-12 F
2010 190.00 26-Oct-10 27-Oct-10 29-Oct-10 12-Nov-10 I
2010 640.00 20-May-11 23-May-11 25-May-11 09-Jun-11 F
2013 160.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I
2013 515.00 09-May-14 12-May-14 14-May-14 30-May-14 F
2012 230.00 16-Oct-12 17-Oct-12 19-Oct-12 05-Nov-12 I
2012 455.00 15-May-13 16-May-13 20-May-13 03-Jun-13 F
No. Shares
1. First Issue 125,800,000 09-Dec-97 09-Dec-97
2. Company Listing 1,132,200,000 T: 09-Dec-97 21-Jul-98
2014 244.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I
2014 716.00 21-Apr-15 22-Apr-15 24-Apr-15 15-May-15 F
5. Option Conversion I & II 5,494,500 T: 10-Jun-02 22-Jan-03
6. Option Conversion II 18,108,500 T: 02-Jul-02 18-May-04
3. Bonus Shares 251,600,000 06-Jul-99 06-Jul-99
4. Option Conversion 12,005,000 T: 22-Apr-02 07-Jun-02
9. Option Conversion III 19,518,500 T: 15-Jan-04 13-May-05
7. Option Conversion I 162,000 T: 14-Jan-03 31-Jan-03
8. Option Conversion II & III 9,856,500 T: 14-Jan-04 23-Apr-04
27 | 31.6T | 0.64% | 64.16%
49 | 9.42T | 0.64% | 74.08%
RESEARCH AND DEVELOPMENT DIVISION 3
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
21
26,569
21
22,950 32,679
974,137 19
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
343,715
22,700
592,007
29,124
25,850 21,325
28,559 638,079
33,350 38,857
27,900 24,400 26,000 42,550 37,625 991,848
842,728
29,350 26,050
26,600
26,050 22,775 36,936 42,691 1,018,05923,000
37,761 640,710
23,500 49,512 57,643 1,222,233
24,454 576,705
33,746 27,072 634,605
27,325 32,492 30,003
28,216 770,84226,838
21
19
22
18
17,700 10,808 21,488 388,219
20,796 409,347
22,400 23,600
22,200 16,550 21,450
23,500 17,996 417,329
10,260 24,103 544,061
12,117 29,036 686,010
214,498
7,249 14,836
21
20
13,667 300,152
24,200
12,465
552,65524,194
22
20
21
11,760 18,119 375,898
15,106
7,950
23
9,018
494,785
20
1825,441
19
21
22,950 20,400 22,400
21,690
9,975
564,248
471,617
Nov-11
Oct-11
Sep-11 22,850
27,000 21,000 17,601
23,250
23,950 22,500 23,500
23,250 21,100 21,850
7,255
18,100 19,300
691,672
May-12
126 167
194
25,750
439388268273
23,700 19,000 21,500 11,095 471,543
10,953 26,112 569,072
22,900 20,500 21,700
17,532 382,289
23,150
20,050 13,159
22,550 20,550 20,600 10,520
12,047
9,946
AALI
16,550 17,800 13,100
21,700 19,700 25,100 24,250 20,075
19,250
24,000
19,500
436 207
247
29,712
40,233 959,441
13,880 30,884
Mar-12
Feb-12
Jan-12
23,750 21,000
22,000 19,150 21
23,000 20,300 22,300
23,350 18,500 23,350 11,605 26,569
Apr-12
Jun-12
21,400
579,302
21,700 18,000 20,450 23,427
27,916
20
21
21
21
Jul-12
14,218
5,828 10,839 240,513
33,952 728,250
24,000 20,100 23,000 9,547 20,808
Sep-12 20
Aug-12 23,300 21,250 22,300
23,400 19,350 21,950
467,231
Dec-12 19,750 17,800 19,700 10,801
22
Nov-12 20
Oct-12 22,100 20,200 20,950
21,300 17,950 18,000
18,910 398,764
15,084 297,057
8,856
7,904
22,617 422,905
23
Aug-13 17
Jul-13
19,800 13,100 19,750 19,132
22
Jun-13 19
May-13 19,500 16,900 19,500 16,961
19,900 15,500 15,550 13,025 21,333 370,322
35,698 646,786
21,000 17,800 19,700 17,880 42,231 814,363
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
19,300 18,250 18,450 11,374 33,001 622,045
19,200 17,850 18,500 15,207 36,954 678,998
20,850 18,750 18,850 10,591
18,700 17,300
20
Mar-14 20
Feb-14
Jan-14 2025,800 20,650 21,475 44,874 40,059 875,810
25,750 21,250 25,500 32,016 37,535 879,827
20
Dec-13 19
Nov-13 23,400 18,050 22,250 12,858
21
Oct-13 21
Sep-13 19,500 15,471
21,638 435,579
28,622 679,06525,750 22,250 25,100 12,429
21,750 18,350
35,024 759,116
52,971 1,097,030
21,300 18,500 18,600 10,945
29,850
25,600 26,700 36,013
21
Jul-14 18
Jun-14
28,175
28,175
135
May-15
Apr-15
Mar-15
2011 2012 2013 2014 Jul-15
6,072 5,693 7,542 10,816 4,705
Sep-14
24,553 601,935
26,500
24,250
24,650 726,319
26,525
Oct-14
24,000 32,960 31,25025,450 22,775
20Dec-14
23,500 19,250
749,632
20
May-14 18
Apr-14 29,475 25,125 29,400 36,774
20
35,895 954,698
26,700 25,500 25,500 30,897 41,565 1,087,452
29,006 788,587
246 244 242 142
27,000
24,550 22,350 24,250
19,675 20,075
Feb-15
Jan-15
13.68 12.64 21.94 15.62 35.57
1.79 33.17 15.46
23,150 24,300
26,000
23,275
25,084 637,986
Jun-15
30,222 23,184
19.34 23.50
21,700 19,700 25,100
26,722
4.06 3.31 3.85 3.41 2.75
550,225
24,300
27,912
19,500 20,350 26,87120,075
29,850
21
1927,525
Close
23,400 21,550 22,700
Jan-11
Jun-11
22,350
May-11
Jul-11
Aug-11
23,800
Apr-11
Dec-11
22
19Jul-15
27,525 20,050 24,800
21
20Nov-14
23,250
Feb-11
Month
Aug-14
26,150 23,150
23
22
Astra Agro Lestari Tbk. [S]
21
Mar-11
Day
21,700
High Low
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
3,750
7,500
11,250
15,000
18,750
22,500
26,250
30,000
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Astra Agro Lestari Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
-16.5%
-25.1%
28.8%
-60%
-45%
-30%
-15%
-
15%
30%
45%
60%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Agriculture Index
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION4
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
Dec-12 Dec-13 Dec-14 Jun-15
769,903 1,249,050 802,978 1,278,120 1,462,020
1,440,351 2,600,540 3,759,265
285,155 150,998 422,305
1,886,387 1,780,395 1,691,694 2,403,615
403,741
14,963,190
3,424,194 4,918,673
AALI
838,190
16,358 50,068 20,554 47,451 103,480
227,769 709,090 611,181 653,897
Dec-11
21.71% 20.48% 24.03% 11.57%
2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
787,373 787,373 787,373 787,373 787,373
53.72% 43.14% 36.77%71.76%
6,493,712 16,154,714
337,986 453,869 936,066 2,609,888 3,633,768
3,054,409
441,980
10,204,495 12,419,820
1,778,337 4,695,331
18,558,329 20,705,325
6,720,843
8,158,203 8,087,559 10,548,430 10,270,782
8,426,158 9,365,411 10,267,859 11,837,486 11,513,395
1,575 1,575 1,575 1,575 1,575
500 500 500 500 500
-
960.00
7,311.28
4.15
10,772,582 11,564,319 12,674,999 16,305,831 7,229,196
7.35% 9.60% 28.65%
3.48
1,143.93
6,520.33
0.31
0.46
12.72
18.53
701,983
1,261,804 962,552
4,951,794
15.29% -2.74%
5,558,162
Dec-13 Dec-14 Jun-15
9,191,930
4,110,955
11.15% 9.64%
2,807,734
45.00
675.00
32.20
Dec-11 Dec-12
7,268,639
5,350.81
-
6.61
Dec-14
2,584,645
37.74%
58.47
1,068,715
16.08
- -
3,689,990 677,982
200,082
Jun-15
3.962.69
1,530.57
5,947.26
68.46
685.00
23.19
0.25
0.33
20.29
26.9129.65
36.53
-
65.14
130.97
-
37.68
-
21.79
44.75
1,527.59
0.17
0.21
24.48
22.14
30.37
-
15.01
59.01
4.59
995.00
834,367 1,004,627
-
7,517.08
2,453,654 1,936,250
0.87% -24.49%
1,589.91
0.44
0.80
-
2,405,564 2,410,259
Dec-11 Dec-12 Dec-13
22.69
50.52
2.31
282.22
- - -
3,332,932 3,524,893 2,605,071
60.38
504,011
0.36
0.57
14.12
- -
8,892,698
1,801,397 2,503,695 444,431
2,405,564 2,346,203 1,833,891 2,468,076 469,234
2,498,565
2,498,565 2,520,266 1,903,088 2,621,275 477,900
Astra Agro Lestari Tbk. [S]
601,976 832,589 1,476,864
- - -
6,837,674 7,206,837 8,593,064 11,354,037 5,588,662
3,934,908 4,357,482 4,081,935 1,640,534
-
4,250
8,500
12,750
17,000
21,250
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
8,426
9,365
10,268
11,837 11,513
2011 2012 2013 2014 Jun-15
-237
2,178
4,593
7,008
9,423
11,837
TOTAL EQUITY (Bill. Rp)
10,773
11,564
12,675
16,306
7,229
2011 2012 2013 2014 Jun-15
-326
3,000
6,327
9,653
12,979
16,306
TOTAL REVENUES (Bill. Rp)
2,499 2,520
1,903
2,621
478
2011 2012 2013 2014 Jun-15
-52
482
1,017
1,552
2,087
2,621
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 5
ADHI KARYA (PERSERO) TBK.
Company Profile
 
ADHI has managed to show its ability as a leading construction company in Southeast 
Asia, through competitiveness and proven experience by running successful construction 
projects. ADHI could not have achieved success without the support and participation of 
the public. ADHI plays an active role in developing CSR programs as well as the Company’s 
Partnership and Environmental Preservation Program. 
 
In accordance with the Long‐Term Business Plan of ADHI 2012‐2016, the Company plans 
for corporate activities in five business lines in order to increase the value of ADHI. Those 
business lines are Construction, EPC, Property, Realty and Investment in Infrastructure. 
In our core  business lines of construction and EPC services, our business development 
strategy  is  focused  on  continuously  enhancing  our  professionalism  through  quality 
products and timely  deliveries. Here, the role of ALC (ADHI Learning Center) comes into 
the forefront. ALC has been in operations for more than a year, and its benefits are 
already felt. Through ALC, ADHI personnel are equipped with the passion to excel, and 
to always strive for quality by working intelligently and efficiently. With such passion, we 
form another subsidiary entity –specialize in building construction– Adhi Persada Gedung 
(APG). 
 
In  addition  to  the  Construction  and  EPC  businesses,  the  Company  has  operated  and 
profited from the Property and Realty businesses through two subsidiary entities, namely 
Adhi Persada Properti (APP) and Adhi Persada Realti (APR). Expanding from the Property 
business base, the Company has also made plans to develop four‐star hotels in Blok‐M 
area Jakarta, and Surabaya; and three‐star hotels in Bekasi and Medan. This move is 
designed to strengthen our Property business structure in the future, in addition to reap 
the benefit of recurring income. Meanwhile, in the Realty business, we are adopting a 
strategy  of not  only developing  landed houses,  but  also  managing commercial  areas 
(malls, lifestyle centers and shopping complexes) also with the aim of strengthening our 
recurring  income.    From  the  point  of  view  of  market  demand,  the  need  for  precast 
concrete has grown  significantly  in  support  of  major  infrastructure projects. Modern 
project management also requires applications in precast concrete technology that can 
enhance project executions, whether in the form of concrete piles or other products. In 
order  to  manage  the  business  professionally,  independent,  and  fast  emerging,  the 
Company plan to establish a new subsidiary namely Adhi Persada Beton (APB). 
August 2015
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.
C O M P A N Y R E P O R T
ADHI
RESEARCH AND DEVELOPMENT DIVISION6
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares :
Industry Sub Sector : Building Construction (62) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO :
PT Ciptadana Sekuritas DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 570-9009
Fax : (021) 570-9026
BOARD OF COMMISSIONERS
Imam Santoso Ernawi
Bobby AA. Nazief
Hironimus Hilapok *)
Muchlis R. Luddin *)
Rildo Ananda Anwar
Wicipto Setiadi
*) Independent Commissioners ISSUED HISTORY
Listing Trading
BOARD OF DIRECTORS Type of Listing Date Date
Kiswodarmawan
Adji Satmoko
Pundjung Setya Brata
Djoko Prabowo
Giri Sudaryono
Supardi
AUDIT COMMITTEE
Muchlis R. Luddin
Mukti Wibowo
Syaiful
CORPORATE SECRETARY
Ki Syahgolang Permata
HEAD OFFICE
Phone : (021) 797-5312
Fax : (021) 797-5311
Homepage : www.adhi.co.id
Email : kiki@adhi.co.id
4. Employee Stock Allocation (ESA) 44,132,000 18-Mar-04 26-Jun-04
2014 35.98 27-Mar-15 30-Mar-15 01-Apr-15 22-Apr-15 I
Shares
06-Jun-12 08-Jun-12 22-Jun-12 F05-Jun-12
2012
Negara Republik Indonesia
Public (<5%)
918,680,000
882,640,000 48.62%
11-Mar-1960
18-Mar-2004
19.56 17-Jun-05
2.
ADHI
4,143,036,000,000
1,801,320,000
1,533.333
1. 51.38%
22-Jun-05
6.
Shares
2.
Adhi Karya (Persero) Tbk. [S]
PT Datindo Entrycom
1.
4.
5.
1.
2.
3.
2009 28.26
Puri Datindo - Wisma Sudirman
2.
6.
2005
2003
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
3.
4.
5.
3.
1.
2011 30.33
Jln. Raya Pasar Minggu Km.18
Jakarta - 12510
2005 12.98
2008 11.51
20-Jun-05 06-Jul-05
Bonus
F/I
Year
12.30 07-Jul-04 08-Jul-04 12-Jul-04 23-Jul-04 F
20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
2006 10.61 17-Jul-07 18-Jul-07 20-Jul-07 03-Aug-07 F
02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
01-Jul-10 05-Jul-10 19-Jul-10 F
2010 32.35 04-Jul-11 05-Jul-11 07-Jul-11 20-Jul-11 F
30-Jun-10
23.49 13-May-13 14-May-13 16-May-13 29-May-13 F
2013 67.61 04-Apr-14 07-Apr-14 10-Apr-14 25-Apr-14 F
No.
1. First Issue 397,188,000 18-Mar-04 18-Mar-04
2. Company Listing 918,680,000 18-Mar-04 18-Mar-04
3. Employee Management Buy Out (EMBO) 441,320,000 18-Mar-04 03-Jul-06
152 | 4.14T | 0.08% | 92.10%
23 | 15.7T | 1.07% | 52.28%
RESEARCH AND DEVELOPMENT DIVISION 7
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
2,020 59,436 343,741 745,375
Jul-15
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
Month
11,915 359,328
520 445
212,540
672,513 1,613,3412,795 2,010 2,300 89,892
1,843,502
3,475 2,990 3,055 49,578 297,973 949,746
3,625 2,780 3,480
3,695 64,117 576,447 2,067,005
3,870 3,330 3,440 64,269 520,481
678,458 2,147,006
3,230 3,025 3,070 40,426 298,984 938,382
759,652 1,504,721
227,303 516,385
2,275 1,510
3,375 2,400
3,110 2,275 2,995 53,545 573,781
711,019
3,075 26,992 292,062 856,830
2,025 71,392 1,395,702 2,639,571
2,150 1,730 2,000 25,820 386,992 740,424
224,360 635,962
4,771 85,274 76,887
119,462 116,886
3,100 17,226
284,217 345,507
272,742 431,698
363,628 674,866
5,588
12,885
13,164
970 7,410 202,611 210,502
4,743 129,177 92,626
79,249800 700 800 4,622 107,316
990 11,373 306,721 280,632
193,549 126,624
84,676
8,235
4,259 60,629
53,179
100,864
13,367 134,909 65,650
45,079
33,605
70,518
40,725
75,362
6,573 119,233
21
20
21
21
21
21
20
198,452
14,093
5,278 95,026 75,050
172,522820
22
20
21
20
19
3,127
Sep-11 610
6,873
6,361
460
710
450
720
640 435 580
570 690
Jul-11
Aug-11
820 700
May-12
Mar-12
Feb-12
Jan-12
1,040 750
750 680
Apr-12
1,140 940
Jan-11
Apr-11
Mar-11
Dec-11
Jun-11
May-11
580 455 530
710
510
Feb-11
800 740 800
720 510 580
820
830 740 780
Nov-11
Oct-11
ADHI Adhi Karya (Persero) Tbk. [S]
20
Aug-12 960 830 900
1,090 870 1,040
1,010 860 21
22
Jun-12 990 3,027 59,294 56,177
1,050 860 910 4,409Jul-12 84,526 79,675
18Dec-12 2,100 1,630 1,760 24,655
22
Nov-12 20
Oct-12 1,440 1,000 1,410
1,910 1,360 1,890
21
19
Sep-12
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
2,650 1,990 2,575 17,280 317,854 723,135
3,175 2,400
3,175 2,700 2,975 19,520 242,917
23
Aug-13 17
Jul-13
3,200 1,690 1,980 22,891
22
Jun-13 19
May-13 3,925 2,950 3,900 22,507
4,000 3,100 3,325 27,380 298,365 1,054,227
284,753 931,777
20
Dec-13 19
Nov-13 1,970 1,570 1,600 22,975
21
Oct-13 21
Sep-13
524,666
633,407
298,528
1,780 1,460 1,510 22,832 383,774
2,150 1,830 1,950 44,551
20
Mar-14 20
Feb-14
Jan-14 201,850 1,425 1,780 34,825 523,862 885,065
2,390 1,755 2,340 51,624 769,177 1,595,184
1,597,729
Jul-14 18
Jun-14
3,420 2,725 3,110 77,411
20
May-14 18
Apr-14 3,335 2,675 2,985 86,169 890,637 2,676,720
3,340 2,950 3,130 50,309 514,322 1,636,032
3,150 212,620 2,785 45,534 320,944 925,441
22
Apr-15 21
Mar-15
21
Feb-15 19
Jan-15
20Dec-14 2,875,05381,342
22
Aug-14
3,780 3,320
232,920 2,320
3,160 2,740 2,765 30,838 165,105
20
Sep-14
2,755 58,999 424,212 1,142,279
2,810
494,676
1,501,6692,780 56,416 568,723
247
1.05 2.68 1.76 4.10 2.57
2,300
4,000
1,425
242 142
580 1,760 1,510 3,480 2,300
3,625 3,870
435 570 1,460
930
5.72 14.84
2,100
1,910
580 1,760 1,510 3,480
6.70 46.54 29.41
11.09 17.34 9.57 16.29 17.42
87 105 341
933,533246 244
2011 2012 2013 2014 Jul-15
989 2,571 11,472 18,415 8,734
1,468 2,9356,6625,1122,209
Oct-14
Jun-15
20
19
667 418 Nov-14
May-15
2,435
291,008 876,099
2,940 2,490 2,505 43,538 232,483 639,163
19
3,180 2,680 2,765 47,276
1,910
Day
23
High Low Close
830 75,255 60,1853,295
4,882 113,072 95,505
6,687 98,898
930 760 790 21
21
18
900
850 750
850 760 840 80,322
148,957
30
60
90
120
150
180
210
240
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Adhi Karya (Persero) Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
147.2%
150.0%
28.8%
-110%
-55%
-
55%
110%
165%
220%
275%
330%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Property, Real Estate and Bulding Construction Index
January 2011 - July 2015
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION8
Financial Data and Ratios Book End : December
Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Investment
Fixed Assets
Other Assets
Total Assets
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Operating Expenses
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
13.11% -7.81%
100 100 100
Dec-11 Dec-12 Dec-13 Dec-14
192,017 200,920 211,800 771,500 1,520,632
Jun-15
544,000 544,000 544,000 544,000 544,000
30.62%
19.24% 31.12%
4.20
26.38
12.73
409,862 326,616
70,436
91.47% -20.02%
100 100
11,609,234
6.54% 14.78%
9,720,962
30,547
70,721
16.76%
42,904
182,116
2.71
18.0618.45
11.93
0.613.12
408,438182,693
35.98
179.91
0.86
6.19
-
39.10
896.43
67.61
225.38
859.63
0.84
5.28
324,031 42,620
213,318 326,657
Jun-15Dec-13 Dec-14
182,150 211,924 407,401
0.83
4.97
0.85
5.67
6.18
30.00
-1.33
-
4.17
30.00
4.48
4.38
10.12
8.53
3.77
20.00
7.14
2.20
-
18.65
11.75
211,590 405,977 324,071
5.23
30.33
101.10
549.80
0.84
5.17
2.99
182,727 213,651
20.00
Dec-11 Dec-12
13.68
-
2.80
972.37
117.46
655.59
1.03
23.49
2.73
143,687 209,998 305,927 94,582
-87,164 -88,526 -108,337 -143,714 -64,141
267,896
326,380 423,315 714,365 594,553 165,303
385,498 531,378 425,009 278,322 95,454
5,960,704 6,671,815 8,606,444 7,655,377 2,887,135
799,042 1,043,220 1,247,711 1,016,588 324,899
6,695,112 7,627,703 9,799,598 8,653,578 3,212,033
13.93% 28.47% -11.69%
790,784 943,642 1,307,301 1,509,579 1,529,997
990,368 1,180,919 1,548,463 1,751,543 1,614,751
1,801 1,801 1,801 1,801 1,801
ADHI
552,203
1,657,080 2,332,098 2,705,085 3,214,051 3,030,056
948,846 1,939,960 811,412 799,984
Dec-11
6,112,954 7,872,074
45,250
27,893
22.14%
10,458,882
7.59% 11.00%
8,172,499 8,707,338 9,994,483
4,276,690 4,767,420
Adhi Karya (Persero) Tbk. [S]
4,923,213 4,885,315
18,154 34,248 65,081
329,883197,644 62,804 60,034
Dec-12 Dec-13 Dec-14
68,562 116,552 161,560 132,014
180,132 180,132 180,132 180,132 180,132
220,861 187,437 271,257 496,096 594,384
Jun-15
165,353
5,122,586 6,691,155
3,132,496
28.78% 23.49%
413,544 - - 738,267 229,444
-
2,500
5,000
7,500
10,000
12,500
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
990
1,181
1,548
1,752
1,615
2011 2012 2013 2014 Jun-15
-35
322
680
1,037
1,394
1,752
TOTAL EQUITY (Bill. Rp)
6,695
7,628
9,800
8,654
3,212
2011 2012 2013 2014 Jun-15
-196
1,803
3,802
5,801
7,800
9,800
TOTAL REVENUES (Bill. Rp)
183
213
408
327
71
2011 2012 2013 2014 Jun-15
-8
75
158
242
325
408
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 9
ADARO ENERGY TBK.
Company Profile
PT Adaro Energy Tbk. was established July 28th
, 2004.  The Company is engaged in trading, 
services,  industry,  coal  hauling,  workshop  activities,  mining  and  construction.  The 
Company’s  subsidiaries  are  engaged  in  coal  mining,  coal  trading,  mining  contractor 
services, infrastructure, coal logistics and power generation activities. 
 
The  Company commenced  its  commercial operations  in July 2005.  The  Company’s  head 
office  is  domiciled  in  Jakarta  and  located  at  Menara  Karya  Building,  23rd
  Floor,  Jln.  H.R. 
Rasuna Said Block X‐5, Kav. 1‐2, South Jakarta. 
 
PT  Adaro  Energy  Tbk.  is  a  vertically  integrated  group;  in  addition  to  its  core  mining 
subsidiary Adaro Indonesia, it owns subsidiaries along the length of its coal supply chain 
from pit to port to power, including in mining, barging, shiploading, dredging, port services, 
marketing and power generation. 
 
The  subsidiaries  combine  with  a  range  of  contractors  to  produce  and  deliver  coal  with 
industry‐leading efficiency and low cost. 
 
As at March 31st
, 2015 the Group had 7,574 permanent employees. 
August 2015
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.
ADRO
C O M P A N Y R E P O R T
RESEARCH AND DEVELOPMENT DIVISION10
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Mining (2) Listed Shares :
Industry Sub Sector : Coal Mining (21) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO : :
PT Danatama Makmur
Securities Administration Bureau : DIVIDEND ANNOUNCEMENT
Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 521-2316, 521-2317
Fax : (021) 521-2320
BOARD OF COMMISSIONERS
Edwin Soeryadjaya
Palgunadi Tatit Setyawan *)
Raden Pardede *)
Subianto
Theodore Permadi Rachmat
*) Independent Commissioners
BOARD OF DIRECTORS
Garibaldi Thohir
Chia Ah Hoo
Christian Ariano Rachmat ISSUED HISTORY
David Tendian Listing Trading
Julius Aslan Type of Listing Date Date
M. Syah Indra Aman
Siswanto Prawiroatmodjo
AUDIT COMMITTEE
Palgunadi Tatit Setyawan
Irwandy Arif
Mamat Ma'mun
CORPORATE SECRETARY
Mahardika Putranto
HEAD OFFICE
Phone : (021) 521-1265, 255-33040
Fax : (021) 579-44687, 579-44648
Homepage : www.adaro.com
Email : mahardika.putranto@ptadaro.com
corsec@ptadaro.com
PT Adaro Strategic Investments
Garibaldi Thohir
14,045,425,500
1,976,632,654 6.18%
28-Jul-2004
16-Jul-2008
USD 0.00235
USD 0.00575
USD 0.0013
USD 0.0011
USD 0.00126
USD 0.00125
USD 0.0011
USD 0.00094
18,871,717,580,000
31,985,962,000
53.636
1. 43.91%
28-Aug-09 F
I
Bonus
2.
2009
25-Aug-09
3. Public (<5%) 15,963,903,846
F/I
Adaro Energy Tbk. [S]
Year Shares
30-Dec-09
26-Aug-09 11-Sep-09
16-Dec-09
Jln. Jend. Sudirman Kav. 28 Jakarta 12920
12.00 11-Dec-09 14-Dec-09
11.802008
ADRO
49.91%
18-Jun-10 F
10-Dec-10 I
09-Jun-11 F
28-Nov-11 29-Nov-11 01-Dec-11 09-Dec-11 I
2011 29-May-12
01-Jun-11
2011
3.
4.
5.
1.
5.
6.
7.
1.
2.
3.
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B
1.
2.
2.
3.
4.
USD 0.00142
30-May-12 01-Jun-12 12-Jun-12 F
2012 29-May-12 30-May-12 01-Jun-12 12-Jun-12 I
Menara Karya 23rd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2
Jakarta - 12950
2009 17.00 02-Jun-10 03-Jun-10 07-Jun-10
2010 9.85 26-Nov-10 29-Nov-10 01-Dec-10
2010 20.50 27-May-11 30-May-11
2013 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
2013 26-May-14 28-May-14 02-Jun-14 12-Jun-14 F
2012 26-Dec-12 27-Dec-12 02-Jan-13 15-Jan-13 I
2012 29-May-13 30-May-13 03-Jun-13 12-Jun-13 F
No. Shares
1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08
2. Company Listing 20,846,631,000 16-Jul-08 16-Apr-09
2014 24-Dec-14 29-Dec-14 02-Jan-15 16-Jan-15 I
2014 30-Apr-15 04-May-15 06-May-15 27-May-15 F
45 | 18.9T | 0.38% | 72.74%
34 | 13.1T | 0.89% | 62.87%
RESEARCH AND DEVELOPMENT DIVISION 11
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
2,009,815
2,450
2,056,482
2,150 1,830 1,910
21
1,830,149
1,768,558
1,340 1,130
1,100
1,390 1,150 58,209 927,416 1,196,5821,175
21
760 44,264
789,582 19
1,385,742
1,035 935 950 61,722
775
940 1,400,629
925 755
716,447 686,954
42,790 883,826
1,653,523 1,307,578
1,135 87,590 1,641,955 1,706,381
547,730 454,253
47,125 1,050,501 1,123,969
1,225 60,224 1,439,612
1,173,729 1,460,50259,842
2,025
2,650 1,032,290 2,644,882
31,778 801,403 1,481,681
48,050 1,735,498 4,063,096
1,977,409
19,872 834,507
2,250 2,450
41,384
1,430 1,720
21
20
1,180,537 2,322,064
2,475
28,318
2,502,0531,105,133
22
20
21
63,571 1,819,818 3,335,150
63,762
20,831
23
41,895
3,396,335
20
181,202,450
19
212,200 2,450
2,150
2,200
1,450 48,253
1,860 1,750 1,830 36,837
31,426
1,070,469
824,427
1,384,272
37,572
2,872,429
1,400,499
Nov-11
Oct-11
Sep-11 2,125
2,900 2,225 43,230
2,350
2,500 2,250 2,450
2,500
392 469
6,986
1,770
15,25413,86411,35016,314
2,700 1,990 2,025 44,376 3,166,937
42,144 1,294,177 2,500,859
2,025 1,730 1,770
999,140 1,807,345
1,301,281
1,628,248
1,065,599 1,578,648
1,230 28,764 699,841 898,296
693,704 1,175,414
1,500
ADRO
1,430 1,180 640 870
2,025
550
730 382
247
53,979
1,713,532 4,350,610
46,772 1,404,886 3,245,738
May-12
Mar-12
Feb-12
Jan-12
1,970 1,770
1,490 1,180 21
2,025 1,790 1,920
1,980 1,870 1,930 33,313 1,076,242
Apr-12
Jun-12
1,860
2,145,363
1,880 1,460 1,470
20
21
21
21
21
Jul-12
26,552
25,007 589,119 876,431
550,208 825,189
1,630 1,320 1,460 39,070 896,114
Sep-12 20
Aug-12 1,610 1,330 1,370
1,610 1,350 1,500
19
22
Dec-12 1,610 1,320 1,590 28,273
22
Nov-12 20
Oct-12 1,490 1,340 1,370
1,430 1,320 1,340
973,400 1,379,202
651,960 899,730
25,135
23,953
18
23
Aug-13 17
Jul-13
940 640 930 42,185
22
Jun-13 19
May-13 1,240 920 930 40,369
860 670 700 38,801 1,288,624 930,027
1,088,707 1,179,144
930 750 860 46,114 1,004,249 849,300
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
1,680 1,550 1,570 29,234 578,305 922,195
1,580 1,250 1,310 34,568 1,179,303 1,701,990
1,770 1,590 1,650 35,702
1,370 1,190
20
Mar-14 20
Feb-14
Jan-14 201,110 870 950 67,166 1,717,526 1,651,052
995 880 995 52,885 1,197,188 1,126,593
1,040 945 980 59,759 1,369,759 1,357,397
20
Dec-13 19
Nov-13 1,240 1,010 1,130 49,717
21
Oct-13 21
Sep-13 900 45,303
1,230,844 1,250,459
1,059,797 1,223,8371,250 1,040 1,090 35,467
1,030 870
1,820,926 2,085,692
1,566,310 1,494,923
1,130 890 1,020 42,712
1,320
1,080 1,185 58,308
21
Jul-14 18
Jun-14
1,210
1,175
500
May-15
Apr-15
Mar-15
2011 2012 2013 2014 Jul-15
35,887 18,253 15,019 16,751 6,282
Sep-14
1,137,115 1,117,884
1,025
1,040
1,770 1,590 1,090
Oct-14
1,080 55,494 1,174,7131,150 980
20Dec-14
1,185 920
1,247,984
20
May-14 18
Apr-14 1,205 930 1,185 55,961
20
1,079,081 1,241,003
1,350 1,170 1,315 67,428 1,186,836 1,515,182
1,295,481 1,355,337
246 244 242 142
2,900
1,145 995 1,040
550 590
Feb-15
Jan-15
11.16 13.78 12.29 9.27 6.06
16.17 8.49 20.76
1,040 590
960
1,137,398 1,117,337
Jun-15
58,960 1,163,030
3.23 -10.63
1,770 1,590 1,090
730,274
990
2.56 1.76 0.89 0.81 0.43
590
1,390 1,050
940 835 860
21
835 875 49,786
19Jul-15
Feb-11
Month
Aug-14
1,050 925
23
22
Day
2,250
High Low Close
2,475 2,175 2,200
Jan-11
Jun-11
2,200
May-11
Jul-11
Aug-11
2,700
Apr-11
Dec-11
22
21
19
20Nov-14
1,000 70,943
21
Mar-11
Adaro Energy Tbk. [S]
50
100
150
200
250
300
350
400
375
750
1,125
1,500
1,875
2,250
2,625
3,000
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Adaro Energy Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
-71.3%
-77.9%
28.8%
-100%
-80%
-60%
-40%
-20%
-
20%
40%
60%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Mining Index
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION12
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
12,988,087 17,106,385
Dec-12 Dec-13 Dec-14 Jun-15
475,345 623,589 1,260,706 1,203,096 1,097,997
ADRO
5,067,851
4,396,801 4,692,058 3,822,657 3,571,196 3,828,230
4,838,559 8,354,692 9,267,904 9,169,643
Dec-11
26.11% 27.67% -3.47% 3.72%
125,873 96,226 248,811
11,765,957 13,672,171 16,820,685 15,814,016
268,605
82,623,566
21.45% -9.62% -2.61%22.57%
20,930,154 20,104,075
22,103,586 27,056,457 33,927,838 29,608,935 30,190,047
35,751,943
289,544
51,315,458 64,714,116
29,169,380 43,420,880
79,760,127 82,725,433
39,241,798 38,218,964
9,632,8637,065,795 8,695,486 9,493,041
31,986 31,986
100 100 100 100 100
8,000,000 8,000,000 8,000,000 8,000,000 8,000,000
3,198,596 3,198,596 3,198,596 3,198,596 3,198,596
4.24
75.01
-
30.24
1,391.44
3.57
36,157,789 35,996,469 40,308,692 41,355,222 18,647,948
-0.45% 11.98% 2.60%
2.21
88.70
1,225.62
0.53
1.11
3.40
7.18
2,331,558
10,314,612 14,940,038 16,287,516 18,459,661
22,146,078 28,962,172
8.51
Dec-14
-1,823,491
-18.86%
164.17
-6.37%
1,763,674
5.52
-2,091,648 -318,661
4,046,177 2,645,082
1,057,548
Jun-15
16.26
6.98
20,377,095
2,816,095 1,022,484
8,953,920
3.36% 9.84%
6,137,825 2,963,744
-2,547,745 -1,186,122 -1,411,062
9,091,677 6,901,711 5,144,615
30.78% 35.36%
15,303,669
177.19
28.77
Dec-11 Dec-12
8,542,056
8,028,917
Dec-13 Dec-14 Jun-15
39,202,687 40,518,329 44,506,469
31,986 31,986 31,986
2.912.64
116.50
905.47
157.23
35.15
13.85
0.55
1.23
5.73
12.8022.61
35.82
32.19
48.08
166.52
14.84
28.01
22.47
10.30
30.17
156.03
0.57
1.32
9.76
5.63
21.6522.50
692.37
32.43 43.66
1,686,338
0.49
0.97
2.86
-30.51% -18.94%
4,085,207 3,195,132
-
1,266.75
3,691,474 2,765,793
-25.96% -24.11%
69.27
0.46
0.86
-
4,990,610 3,726,305
Dec-11 Dec-12 Dec-13
21.38
190.61
1.92
49.66
15.89
14,661,720
12,952,668 10,082,155 9,069,812 3,986,228
2,837,204 2,215,623 1,588,508
5,057,940 3,711,201 2,774,247 1,836,934 1,697,617
5,073,546
5,006,470 3,706,579 2,813,057 2,282,503 1,587,535
Adaro Energy Tbk. [S]
1,313,246 1,994,321 2,514,135
11,639,422 8,087,833 6,555,677
23,205,121 25,914,314 31,238,880 32,401,302
-
17,500
35,000
52,500
70,000
87,500
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
22,146
28,962
39,203 40,518
44,506
2011 2012 2013 2014 Jun-15
-890
8,189
17,269
26,348
35,427
44,506
TOTAL EQUITY (Bill. Rp)
36,158 35,996
40,309 41,355
18,648
2011 2012 2013 2014 Jun-15
-827
7,609
16,046
24,482
32,919
41,355
TOTAL REVENUES (Bill. Rp)
5,006
3,707
2,813
2,283
1,588
2011 2012 2013 2014 Jun-15
-100
921
1,943
2,964
3,985
5,006
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 13
AKR CORPORINDO TBK.
Company Profile
 
The  Company’s  scope  of  activities  comprises  of  chemical  industry,  general  trading  and 
distribution of primarily chemical products and petroleum products and gas, engaging in 
the logistics business, transportation (including for own use and for transport operations by 
land  or  sea  and  operations  of  pipe  for  sea  transportation  infrastructure),  rental  of 
warehouses and storage tanks, including workshop, expedition and packaging, conducting 
a business and acting as a representative and/or an agent, with distributorship agreements 
with foreign and local entities, contractors and other services except legal services. 
 
The Company is currently engaged in the distribution of petroleum products to industrial 
customers,  distribution  and  trading  of  chemical  products  (such  as  caustic  soda,  sodium 
sulphate, PVC resin and soda ash) used by various industries in Indonesia in accordance 
with  distributorship  agreements  with  foreign  and  local  manufacturers,  rental  of 
warehouses, transportation vehicles, tanks and other logistic services. 
 
The Company started its commercial operations in June 1978. 
 
The  Company  is  domiciled  at  Wisma  AKR,  8th  Floor,  JIn.  Panjang  No.  5,  Kebon  Jeruk, 
Jakarta. Its major branch office is located at JIn. Sumatra No. 51‐53, Surabaya. Other sales 
offices  also  the  tank  terminals  are  located  in  Medan,  Palembang,  Lampung,  Ciwandan 
(Banten),  Bandung,  Semarang,  Pontianak,  Balikpapan,  Banjarmasin,  Stagen  (South 
Kalimantan), Makassar, Manado and Bali. The Company also has a representative office in 
Guigang, China. 
August 2015
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.
C O M P A N Y R E P O R T
AKRA
RESEARCH AND DEVELOPMENT DIVISION14
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Trade, Services & Investment (9) Listed Shares :
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO :
PT Lippo Securities DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 252-5666
Fax : (021) 252-5028
BOARD OF COMMISSIONERS
Soegiarto Adikoesoemo
I Nyoman Mastra *)
Mahendra Siregar
*) Independent Commissioners
BOARD OF DIRECTORS
Haryanto Adikoesoemo
Arief Budiman Utomo
Bambang Soetiono Soedijanto
Jimmy Tandyo
Mery Sofi
Nery Polim
Suresh Vembu
Ter Murti Tiban
AUDIT COMMITTEE
I Nyoman Mastra
Ngurah Gede
Sahat Pardede
CORPORATE SECRETARY
Harryati Utami ISSUED HISTORY
Listing Trading
HEAD OFFICE Type of Listing Date Date
:
Phone : (021) 531-1110 :
Fax : (021) 531-1185, 531-1388, 531-1128 :
:
Homepage : www.akr.co.id :
Email : harryati.utami@akr.co.id; tami@akr.co.id :
:
:
:
:
:
:19. MSOP I (2012) 3, MSOP II (2013) 2, MSOP 2014 5,549,400 T: 08-Apr-15 10-Apr-15
17. MSOP I (2012) 2, II (2013) 1 200,000 09-Oct-14 09-Oct-14
18. MSOP I (2012) 3, MSOP II (2013) 2 20,525,500 T: 06-Apr-15 07-Apr-15
15. MSOP V (2011) 3, I (2012) 2, I (2013) 1 22,714,000 T: 04-Apr-14 11-Apr-14
16. MSOP V (2011) 3, I (2012) 2, II (2013) 1 9,996,174 07-Oct-14 07-Oct-14
13. Opsi MSOP Conversion III 550,000 10-Apr-12 10-Apr-12
14. Opsi MSOP Conversion IV, V 29,099,000 T: 09-Apr-13 10-Apr-13
11. Opsi MSOP Conversion IV 195,000 T: 13-Oct-11 12-Apr-13
12. Opsi MSOP Conversion III, IV, V 28,907,500 09-Apr-12 09-Apr-12
9. Opsi MSOP Conversion II, III & IV 28,607,500 T: 13-Apr-11 14-Apr-11
10. Opsi MSOP Conversion II, III, IV 432,500 12-Oct-11 12-Oct-11
7. Opsi MSOP Conversion I, II & III 26,537,500 T: 09-Apr-10 13-Oct-10
8. Opsi MSOP Conversion I & III 447,500 T: 12-Apr-10 15-Apr-10
5. Right Issue 1,043,658,500 T: 20-Dec-04 16-Feb-10
6. OPSI Conversion 18,292,500 T: 11-Apr-08 15-Oct-09
3. Bonus Shares 39,000,000 01-Apr-96 01-Apr-96
4. Stock Split 2,600,000,000 T: 30-Sep-96 27-Jul-07
No. Shares
1. First Issue 15,000,000 03-Oct-94 03-Oct-94
2. Company Listing 50,000,000 T: 03-Oct-94 06-May-95
2014 80.00 12-May-15 13-May-15 18-May-15 29-May-15 F
2015 100.00 07-Aug-15 08-Aug-15 12-Aug-15 21-Aug-15 I
2013 65.00 05-Jun-14 06-Jun-14 10-Jun-14 24-Jun-14 F
2014 50.00 09-Sep-14 10-Sep-14 12-Sep-14 26-Sep-14 I
2012 65.00 31-May-13 03-Jun-13 05-Jun-13 20-Jun-13 F
2013 50.00 18-Sep-13 19-Sep-13 23-Sep-13 04-Oct-13 I
2011 25.00 06-Jun-12 07-Jun-12 11-Jun-12 25-Jun-12 F
2012 40.00 26-Dec-12 27-Dec-12 02-Jan-13 16-Jan-13 I
2010 2.00 31-May-11 01-Jun-11 06-Jun-11 20-Jun-11 F
2011 200.00 22-Aug-11 23-Aug-11 25-Aug-11 08-Sep-11 I
2010 30.00 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I
2010 135.00 11-Mar-11 14-Mar-11 16-Mar-11 29-Mar-11 I
2008 21.00 09-Jun-09 10-Jun-09 12-Jun-09 19-Jun-09 F
2009 25.00 25-May-10 26-May-10 31-May-10 14-Jun-10 F
2006 65.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 F
2007 19.00 03-Jun-08 04-Jun-08 06-Jun-08 16-Jun-08 F
2005 40.00 02-May-05 03-May-05 06-May-05 19-May-05
2005 60.00 01-Sep-06 04-Sep-06 06-Sep-06 19-Sep-06 F
03-Sep-03 04-Sep-03 08-Sep-03 19-Sep-03 F
2003 50.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
Wisma AKR 7th - 8th Fl.
Jln. Panjang No. 5, Kebon Jeruk
Jakarta
Bonus
F/I
Year
80.00 27-Jan-95 30-Jan-95 06-Feb-95 28-Feb-95 I
1995 10 : 6 26-Feb-96 27-Feb-96 06-Mar-96 29-Mar-96 B
1995 70.00 07-Jun-96
3.
2.
3.
7.
8.
1.
2.
3.
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
1.
2.
4.
5.
10-Jun-96 18-Jun-96 11-Jul-96 F
1996 50.00 23-Jun-97 24-Jun-97 01-Aug-97 26-Aug-97 F
2002 25.00
AKR Corporindo Tbk. [S]
6.
1995
18-Dec-95
12-Jul-95 11-Aug-95
28-Nov-95
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
80.00 17-Nov-95 20-Nov-95
50.001994
AKRA
22,653,347,300,500
3,939,712,574
4,582.732
1. 58.59%
20-Jul-95
1.
F
I
Shares
2.
1995
11-Jul-95
PT Arthakencana Rayatama
Public (<5%)
2,307,906,120
1,631,806,454 41.41%
28-Nov-1977
03-Oct-1994
39 | 22.7T | 0.46% | 70.39%
44 | 10.9T | 0.74% | 70.66%
RESEARCH AND DEVELOPMENT DIVISION 15
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
AKR Corporindo Tbk. [S]
21
Mar-11
Feb-11
Month
Aug-14
4,750 4,110
23
22
Day
1,440
High Low Close
1,660 1,420 1,470
Jan-11
Jun-11
1,450
May-11
Jul-11
Aug-11
3,125
Apr-11
Dec-11
22
19Jul-15
21
196,225
5,775 5,000 5,475
21
20Nov-14
4,695 50,776
4,960 5,200 32,2435,750
5,825
877,200
5,675
3.23 3.80 3.17 2.84 3.21
198,686 999,074
Jun-15
34,681 155,464
22.13 16.33
3,025 4,150 4,375
246 244 242 142
3,250
4,680 3,950 4,120
5,200 5,750
Feb-15
Jan-15
22.62 21.15 26.19 20.90 18.71
16.89 19.08 15.42
Oct-14
4,650 30,471 192,9444,950 4,540
20Dec-14
5,475 4,700
900,889
20
May-14 18
Apr-14 5,200 4,625 4,770 34,583
20
188,850 855,524
5,375 4,400 5,250 25,846 165,098 786,913
161,251 781,369
4,750
4,255 4,400 26,710
21
Jul-14 18
Jun-14
4,750
4,330
265
May-15
Apr-15
Mar-15
2011 2012 2013 2014 Jul-15
9,005 12,604 12,158 9,991 6,522
Sep-14
274,374 1,245,406
4,920
4,120
20
Dec-13 19
Nov-13 5,050 4,425 4,675 19,926
21
Oct-13 21
Sep-13 4,000 22,308
193,237 914,203
129,874 616,6564,975 4,350 4,375 14,061
20
Mar-14 20
Feb-14
Jan-14 204,820 4,175 4,400 32,248 151,840 680,984
4,625 4,200 4,560 34,928 187,729 840,663
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
4,500 3,825 4,475 19,230 218,111 902,451
5,550 4,425 5,000 14,741 189,877 947,949
4,200 3,775 3,875 23,466
23
Aug-13 17
Jul-13
4,950 3,475 3,975 22,430
22
Jun-13 19
May-13 5,500 4,850 5,350 19,669
5,450 4,325 4,325 26,256 227,366 1,090,451
183,716 958,295
Dec-12 4,325 3,950 4,150 16,535
22
Nov-12 20
Oct-12 4,550 3,975 4,450
4,700 4,225 4,300
216,605 931,478
217,527 962,649
18,786
17,677
Jul-12
20,476
18,714 297,106 1,049,276
278,456 1,072,492
3,950 3,500 3,650 27,387 311,055
Sep-12 20
Aug-12 3,750 3,325 3,500
4,275 3,450 4,250
Mar-12
Feb-12
Jan-12
4,350 4,000
3,775 3,150 21
3,900 3,500 3,600
4,425 3,550 4,300 24,831 311,040
Apr-12
Jun-12
4,125
789,842
4,200 3,325 3,375
AKRA
1,350 3,000 3,475
3,025 4,150 4,375 4,120 5,750
3,950
4,700
4,110
385 217
247
27,389
383,691 600,618
22,274 343,580 527,701
May-12
275 251
1,278
6,100
2,1412,6373,2974,083
3,100 2,450 2,650 33,390 1,302,769
22,274 284,426 1,042,116
3,075 2,900 3,025
414,607 1,404,452
1,710
3,475 21,238
3,650 3,000 3,650 39,838
23,693
339,968
271,922
463,554
21,474
339,089
1,014,240
Nov-11
Oct-11
Sep-11 2,775
1,730 1,390 21,826
1,720
2,200 1,770 2,125
1,630 1,350 1,560
25,252
2,150 2,400
21
20
317,985 950,762
1,840
13,847
615,401394,286
22
20
21
21,997 339,598 863,164
22,226
24,160
23
24,988
759,571
20
18227,243
19
21
1,151,428
224,399
226,058 935,688
20
21
21
21
21
19
22
18
5,150 17,228 166,257 851,310
315,427 1,245,106
1,580 1,840
3,125 2,200 3,025
3,050 378,575 948,766
23,979 243,621 1,019,079
19,868 352,872 589,727
1,011,851
13,270 258,481
4,650 3,500
204,324 972,950
275,681 1,093,424
5,350 4,000 4,850 19,727
6,100 4,625 5,300 31,480 288,147 1,525,542
5,350 4,850
245,307 1,040,139
4,925 29,475 160,511 796,156
114,486 645,479
54,597 234,929 1,040,676
4,125 30,225 175,805
178,895 790,70026,447
4,870 768,346
5,200 4,800 5,125 24,742
6,100
4,565 161,693
6,225 5,100
261,347 1,384,596
22,396 111,597
5,200 4,490 4,835 30,860 182,352 874,778
789,077
4,640 4,175
4,125
5,825 5,050 28,569 160,850 853,4935,450
21
5,925 24,500
601,606 19
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
495,557
2,100
1,231,547
3,250 2,750 2,850
21
282,903
6.0
12.0
18.0
24.0
30.0
36.0
42.0
48.0
775
1,550
2,325
3,100
3,875
4,650
5,425
6,200
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
AKR Corporindo Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
95.8%
238.2%
28.8%
-40%
-
40%
80%
120%
160%
200%
240%
280%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Trade, Sevices and Investment Index
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION16
Financial Data and Ratios Book End : December
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
2,284,080 618,833 615,627 790,563 630,342
AKR Corporindo Tbk. [S]
302,869 430,920 600,059
715,529 830,356 767,582
17,787,552 20,412,678 20,970,288 20,736,407 9,123,673
1,018,398 1,261,276 1,367,641 1,149,310
648,250 810,094 605,242
2,339,138 775,371 969,250 756,333 632,426
2,331,631
62.80
674,053
0.60
1.48
5.34
16.05% -7.56%
145,838 190,849
65.09
1,523.18
755,870 980,588
-72.91% -0.52%
206.99
0.54
1.20
100.00
2,293,427
3.162.63
168.59
1,093.03
144.19
105.00
12.15
0.64
1.80
5.25
14.7063.90
5.42
3.80
37.50
135.73
4.73
5.82
3.83
2.86
62.28
600.06
649,314
0.57
1.32
27.49
Dec-11 Dec-12 Dec-13
11.19
136.78
4.06
153.63
13.26
7.71
1,063,170 788,814
24,443 -20,673 -37,581
739,972 809,682 733,053
17.76% 27.40%
7,756,125
117.14
115.00
6.12
Dec-11 Dec-12
2,222,920
935.30
7.68
6.14
Dec-14
739,586
28.42%
108.67
38.51%
202,780
3.52
-69,826 -6,266
993,344 782,548
152,207
Jun-15
3.44
2.76
68.84
4,522,826
695,937 360,496
1,731,920
11.15% 18.51%
5,670,401
Dec-13 Dec-14 Jun-15
7.44
225.00
1.69
130.00
1,793.12
8.92
18,805,950 21,673,954 22,337,928 22,468,328 10,272,983
15.25% 3.06% 0.58%
2.53
167.04
1,382.00
0.63
1.73
4.21
11.48
117,426
2,931,851 3,289,047 3,845,417 4,332,467
3,574,704 4,209,740 5,363,161 5,961,183 7,064,394
3,822 3,851 3,881 3,914 3,940
100 100 100 100 100
750,000 750,000 750,000 750,000 750,000
382,199 385,144 388,073 391,364 393,971
22.33% -4.74% -4.33%60.09%
4,226,692 4,390,207
873,528 2,435,399 2,676,688 2,646,978 2,778,241
7,577,785
17,761
8,308,244 11,787,525
4,733,540 9,269,980
14,791,917 15,513,036
8,830,735 8,448,642
6,183,756
AKRA
1,329,789
2,189,012 3,224,397 4,351,773 4,350,615 4,411,095
1,884,943 820,065 896,591 1,222,825
Dec-11
41.88% 24.14% 1.09% 4.88%
3,860,012 5,142,386 6,593,292
40,371 24,372 20,218
5,239,361 7,414,601 7,723,315 6,719,745
21,220
14,633,141
2,437,215 3,177,350
Dec-12 Dec-13 Dec-14 Jun-15
1,250,135 1,415,169 1,823,246 934,877 1,036,754
-
3,250
6,500
9,750
13,000
16,250
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
3,575
4,210
5,363
5,961
7,064
2011 2012 2013 2014 Jun-15
-141
1,300
2,741
4,182
5,623
7,064
TOTAL EQUITY (Bill. Rp)
18,806
21,674 22,338 22,468
10,273
2011 2012 2013 2014 Jun-15
-449
4,134
8,718
13,301
17,885
22,468
TOTAL REVENUES (Bill. Rp)
2,284
619 616
791
630
2011 2012 2013 2014 Jun-15
-46
420
886
1,352
1,818
2,284
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 17
ASTRA INTERNATIONAL TBK.
Company Profile
PT Astra International Tbk. was established in 1957 as PT Astra International Incorporated. 
In 1990, the company changed its name to PT Astra International Tbk. 
 
The scope of the company’s activities as set out in its Articles of Association are to engage 
in  general  trading,  industry,  mining,  transportation,  agriculture,  construction  and 
consultancy services. The subsidiaries’ main activities are the assembly and distribution of 
automobiles,  motorcycles  and  related  spare  parts,  heavy  equipment  sales  and  rentals, 
mining and related services, development of plantation, financial services, infrastructure, 
and information technology. 
 
The  Companys’s  largest  shareholder  is  Jardine  Cycle  &  Carriage  Ltd.  is  a  subsidiary  of 
Jardine Maheson Holdings Ltd, a company incorporated in Bermuda. 
 
As at 30 June 2015, the Company and its subsidiaries had 156,127 employees. 
August 2015
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.
ASII
C O M P A N Y R E P O R T
RESEARCH AND DEVELOPMENT DIVISION18
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Miscellaneous Industry (4) Listed Shares :
Industry Sub Sector : Automotive And Components (42) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO :
PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 252-5666
Fax : (021) 252-5028
BOARD OF COMMISSIONERS
Budi Setiadharma
Anthony John Liddell Nightingale
Benjamin William Keswick
Chiew Sin Cheok
David Alexander Newbigging
Jonathan Chang
Kyoichi Tanada *)
Mari Elka Pangestu *)
Mark Spencer Greenberg
Muhamad Chatib Basri *)
Sidharta Utama *)
*) Independent Commissioners
BOARD OF DIRECTORS
Prijono Sugiarto
Bambang Widjanarko Santoso
Djoko Pranoto
Djony Bunarto Tjondro
Gunawan Geniusahardja
Johannes Loman
Simon Collier Dixon
Sudirman Maman Rusdi
Suparno Djasmin
Widya Wiryawan
AUDIT COMMITTEE
Muhamad Chatib Basri ISSUED HISTORY
Chiew Sin Cheok Listing Trading
Harry Wiguna Type of Listing Date Date
Inget Sembiring
:
CORPORATE SECRETARY :
Gita Tiffany Boer :
:
HEAD OFFICE
:
:
:
Phone : (021) 653-10418 :
Fax : (021) 653-04957 :
:
Homepage : www.astra.co.id
Email : gita.tiffanyboer@ai.astra.co.id
11. Option I Conversion 16,203,924 T: 31-Jul-01 26-Apr-02
12. Option II Conversion 30,903,088 T: 26-Apr-02 25-May-04
9. Right Conversion 262,168,650 T: 24-Apr-00 19-Jan-04
10. Option I 8,637,003 T: 16-Oct-00 16-Feb-01
7. CB Conversion 280,837 T: 12-Mar-97 07-Aug-97
8. Stock Split 37,598,029,063 T: 01-Sep-97 05-Jun-12
5. Right Issue 1,453,219,775 T: 03-Jan-94 21-Jan-03
6. Bonus Shares 871,912,800 08-Sep-94 08-Sep-94
3. Company Listing 184,893,000 T: 18-Dec-91 02-Jan-92
4. Koperasi 2,500,000 T: 18-Dec-91 31-Dec-99
1. First Issue 30,000,000 04-Apr-90 04-Apr-90
2. Partial Listing 24,805,000 T: 04-Apr-90 04-Oct-90
2014 152.00 06-May-15 07-May-15 11-May-15 29-May-15 F
No. Shares
2013 152.00 22-May-14 23-May-14 28-May-14 12-Jun-14 F
2014 64.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 I
2012 150.00 20-May-13 21-May-13 23-May-13 07-Jun-13 F
2013 64.00 10-Oct-13 11-Oct-13 17-Oct-13 31-Oct-13 I
2011 1,380.00 16-May-12 21-May-12 23-May-12 06-Jun-12 F
2012 66.00 18-Oct-12 19-Oct-12 23-Oct-12 07-Nov-12 I
2010 470.00 27-Oct-10 28-Oct-10 01-Nov-10 15-Nov-10 I
2011 600.00 26-Oct-11 27-Oct-11 31-Oct-11 14-Nov-11 I
2008 570.00 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F
2009 830.00 16-Jun-10 17-Jun-10 21-Jun-10 05-Jul-10 F
2007 160.00 29-Oct-07 30-Oct-07 01-Nov-07 15-Nov-07 I
2008 300.00 28-Oct-08 29-Oct-08 31-Oct-08 14-Nov-08 I
2006 150.00 20-Oct-06 30-Oct-06 01-Nov-06 15-Nov-06 I
2006 290.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 F
2005 100.00 09-Nov-05 10-Nov-05 14-Nov-05 24-Nov-05 I
2005 340.00 15-Jun-06 16-Jun-06 20-Jun-06 04-Jul-06 F
2004 100.00 01-Nov-04 02-Nov-04 04-Nov-04 12-Nov-04 F
2005 270.00 16-Jun-05 17-Jun-05 21-Jun-05 04-Jul-05
2003 50.00 01-Dec-03 02-Dec-03 04-Dec-03 18-Dec-03 I
2003 170.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
1995 90.00 25-Jun-96 26-Jun-96 04-Jul-96 31-Jul-96 F
1996 120.00 30-Jun-97 01-Jul-97 09-Jul-97 29-Jul-97 F
01-Aug-94 08-Aug-94 07-Sep-94 F
1994 80.00 22-Jun-95 23-Jun-95 03-Jul-95 31-Jul-95 F
Jln. Gaya Motor Raya No. 8 Sunter
Jakarta
Bonus
F/I
Year
100.00 05-Nov-90 06-Nov-90 13-Nov-90 27-Nov-90 I
1991 125.00 17-Jun-92 18-Jun-92 25-Jun-92 24-Jul-92 F
1992 100.00 01-Jul-93 02-Jul-93
7.
8.
9.
10.
1.
2.
3.
4.
AMDI Building
3.
4.
5.
8.
9.
1.
2.
3.
4.
5.
6.
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
1.
2.
10.
11.
09-Jul-93 09-Aug-93 F
1993 225.00 13-Jun-94 14-Jun-94 21-Jun-94 21-Jul-94 F
1993 1 : 3 29-Jul-94
Astra International Tbk. [S]
1990
16-Dec-91
03-May-91 10-Jun-91
20-Nov-91
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
100.00 12-Nov-91 13-Nov-91
6.
150.001990
ASII
269,215,628,381,000
40,483,553,140
4,755.537
1. 50.11%
13-May-91
7.
F
I
Shares
2.
1991
02-May-91
Jardine Cycle & Carriage Limited
Public (<5%)
20,288,255,040
20,195,298,100 49.89%
20-Feb-1957
04-Apr-1990
5 | 269.2T | 5.43% | 31.37%
4 | 63.3T | 4.30% | 20.26%
RESEARCH AND DEVELOPMENT DIVISION 19
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
Astra International Tbk. [S]
21
Mar-11
Feb-11
Month
Aug-14
8,100 7,000
23
22
Day
48,900
High Low Close
58,250 52,300 57,000
Jan-11
Jun-11
53,600
May-11
Jul-11
Aug-11
75,950
Apr-11
Dec-11
22
19Jul-15
21
198,575
7,950 6,950 7,300
21
20Nov-14
7,850 80,784
6,700 6,850 81,4636,650
8,050
2,576,235
8,575
3.95 3.43 2.59 2.60 2.18
1,094,749 8,817,908
Jun-15
62,675 381,032
14.44 19.85
74,000 7,600 6,800
246 244 242 142
75,950
7,475 6,850 7,425
6,325 6,650
Feb-15
Jan-15
14.03 13.70 14.18 15.56 16.72
12.24 18.33 13.91
Oct-14
7,125 59,454 514,4577,200 6,700
20Dec-14
7,075 6,325
3,588,238
20
May-14 18
Apr-14 8,050 7,350 7,425 91,055
20
797,969 6,102,553
8,000 7,550 7,575 67,060 493,646 3,789,351
1,107,076 8,532,595
7,800
7,325 7,725 70,195
21
Jul-14 18
Jun-14
8,050
7,275
532
May-15
Apr-15
Mar-15
2011 2012 2013 2014 Jul-15
74,318 73,719 66,334 71,070 40,339
Sep-14
804,490 6,050,554
8,175
7,425
20
Dec-13 19
Nov-13 6,850 6,150 6,250 54,611
21
Oct-13 21
Sep-13 6,450 69,701
553,688 3,722,910
490,150 3,116,5816,850 6,050 6,800 41,591
20
Mar-14 20
Feb-14
Jan-14 207,400 6,250 6,425 86,235 784,137 5,339,224
7,000 6,225 6,950 81,243 984,624 6,596,656
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
8,000 7,400 7,950 39,847 683,833 5,281,553
8,300 7,500 7,900 54,594 849,305 6,681,437
7,900 7,300 7,350 56,816
23
Aug-13 17
Jul-13
6,800 5,100 6,050 58,095
22
Jun-13 19
May-13 7,550 6,900 7,050 62,249
6,950 6,300 6,500 50,329 667,841 4,413,435
1,230,559 8,777,900
Dec-12 7,700 6,800 7,600 58,107
22
Nov-12 20
Oct-12 8,300 7,250 8,050
8,000 7,200 7,250
931,778 7,387,900
832,310 6,351,667
47,388
59,594
Jul-12
41,289
44,874 635,813 4,486,738
694,972 5,034,167
7,100 6,250 7,000 65,520 943,478
Sep-12 20
Aug-12 7,400 6,600 6,750
7,550 6,700 7,400
Mar-12
Feb-12
Jan-12
77,100 70,650
64,200 6,400 21
79,200 67,100 70,850
74,200 68,750 73,950 48,766 83,919
Apr-12
Jun-12
71,000
6,070,144
74,250 64,200 64,300
ASII
45,250 6,250 5,100
7,400 7,600 6,800 7,425 6,650
6,225
79,650
6,325
928 518
247
72,728
188,808 9,245,116
40,364 99,865 5,492,743
May-12
610 669
5,328
8,300
9,8289,5086,2091,245
72,750 60,850 66,150 67,327 9,085,095
68,125 130,669 9,466,255
75,000 68,300 74,000
60,335 4,672,194
56,150
6,850 61,324
79,650 73,500 78,900 31,100
46,178
57,371
90,988
133,636
35,963
7,289,652
6,242,152
Nov-11
Oct-11
Sep-11 71,800
55,050 45,250 64,822
58,500
64,250 55,950 63,550
53,450 47,400 52,050
33,641
55,000 63,650
21
20
67,618 4,676,338
62,150
38,264
5,134,33891,805
22
20
21
64,076 121,029 7,758,524
51,096
35,960
23
40,280
6,582,050
20
18146,051
19
21
6,342,540
816,809
918,874 6,627,662
20
21
21
21
21
19
22
18
7,350 52,759 694,670 5,273,240
830,431 6,337,529
55,800 58,750
70,000 57,300 69,000
70,500 84,447 5,852,767
37,681 68,944 5,052,940
31,103 79,319 4,668,750
4,137,042
29,158 74,147
7,500 5,400
662,358 4,332,899
1,169,088 7,443,312
7,250 6,300 6,650 54,573
7,200 6,150 7,000 73,759 1,015,404 6,914,932
8,000 7,150
660,601 4,038,190
6,775 92,669 963,442 6,379,608
735,267 5,126,440
65,313 623,730 4,447,913
7,075 76,478 925,623
680,106 4,942,66572,784
7,850 5,401,520
8,575 7,800 8,575 77,266
7,150
7,450 692,429
7,350 6,550
962,611 7,475,288
64,001 657,248
8,000 6,725 7,375 94,022 1,300,924 9,611,270
6,955,904
7,525 7,075
7,075
7,750 6,950 71,620 652,110 4,783,6837,050
21
7,075 79,359
4,891,329 19
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
4,395,238
64,600
5,984,168
72,000 65,500 70,900
21
100,835
30
60
90
120
150
180
210
240
1,250
2,500
3,750
5,000
6,250
7,500
8,750
10,000
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Astra International Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
21.5%
22.2%
28.8%
-20%
-10%
-
10%
20%
30%
40%
50%
60%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Miscellaneous Industry Index
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION20
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Growth (%)
Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Expenses (Income)
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
21,077,000 22,742,000 22,297,000 22,125,000 9,758,000
Astra International Tbk. [S]
14,202,000 8,302,000 7,788,000
- - -
130,530,000 151,853,000 158,569,000 162,892,000 74,587,000
32,034,000 36,200,000 35,311,000 17,918,000
19,417,000 19,181,000 8,052,000
18,058,000 19,053,000 20,137,000 18,867,000 8,840,000
21,348,000
45.59
10,517,000
0.49
0.96
9.37
4,695,000 5,156,000
-
2,972.17
22,460,000 23,708,000
7.90% -1.96%
473.80
0.49
0.96
-
17,785,000
2.913.18
479.73
2,218.53
139.91
216.00
12.97
0.51
1.03
12.48
25.3227.79
19.71
-
45.07
136.40
-
19.25
-
12.09
45.03
4,393.14
19,421,000
0.51
1.02
13.73
Dec-11 Dec-12 Dec-13
19.37
134.84
4.02
198.90
18.39
19.24
- -
- - -
25,772,000 27,898,000 27,523,000
18.43% 18.23%
98,223,000
124.20
216.00
18.21
Dec-11 Dec-12
55,628,000
18,733.04
-
10.55
Dec-14
22,151,000
-0.77%
132.26
5,227,000
10.97
- -
27,352,000 12,073,000
2,315,000
Jun-15
-
11.50
45.04
41,932,000
11,457,000 6,209,000
38,809,000
13.31% 2.75%
72,842,000
Dec-13 Dec-14 Jun-15
2.68
1,980.00
-
216.00
3,053.86
7.89
162,564,000 188,053,000 193,880,000 201,701,000 92,505,000
15.68% 3.10% 4.03%
2.84
479.63
2,622.99
0.50
1.02
10.42
21.00
5,226,000
66,289,000 77,076,000 87,459,000 89,242,000
75,838,000 89,814,000 106,188,000 120,324,000 123,631,000
4,048 40,484 40,484 40,484 40,484
500 50 50 50 50
3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
2,024,178 2,024,178 2,024,178 2,024,178 2,024,178
16.60% 7.33% 2.95%19.02%
37,862,000 41,250,000
29,312,000 38,282,000 36,667,000 42,182,000 46,280,000
92,460,000
3,110,000
153,521,000 182,274,000
77,683,000 107,806,000
236,029,000 242,753,000
115,705,000 119,122,000
73,523,000
ASII
13,111,000
37,405,000 38,608,000 51,645,000 54,759,000 55,468,000
11,055,000 18,557,000 20,902,000 20,007,000
Dec-11
18.73% 17.40% 10.30% 2.85%
48,371,000 54,178,000 71,139,000
1,043,000 1,824,000 2,490,000
65,978,000 75,799,000 88,352,000 97,241,000
2,869,000
213,994,000
28,604,000 34,326,000
Dec-12 Dec-13 Dec-14 Jun-15
11,990,000 15,285,000 14,433,000 16,986,000 16,924,000
-
50,000
100,000
150,000
200,000
250,000
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
75,838
89,814
106,188
120,324 123,631
2011 2012 2013 2014 Jun-15
-2,473
22,748
47,969
73,190
98,410
123,631
TOTAL EQUITY (Bill. Rp)
162,564
188,053 193,880
201,701
92,505
2011 2012 2013 2014 Jun-15
-4,034
37,113
78,260
119,407
160,554
201,701
TOTAL REVENUES (Bill. Rp)
21,077
22,742 22,297 22,125
9,758
2011 2012 2013 2014 Jun-15
-455
4,185
8,824
13,463
18,103
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 21
ALAM SUTERA REALTY TBK.
Company Profile
 
PT  Alam  Sutera  Realty  Tbk.  was  established  on  November  3rd
,  1993.  The  Company 
commenced its operational activity and purchased the land in 1999.  
 
The Company’s activities are developing and manage housing. Group is domiciled at Wisma 
Argo  Manunggal,  Jln.  Jend.  Gatot  Subroto  Kav.  22,  Jakarta  and  has  real  estate  projects 
which are located in: 
 Kec.  Serpong, Kab.  Tangerang,  and  Kec.  Pasar  Kemis,  Kab.  Tangerang, Province 
Banten, 
 Kec. Cibitung, Kab Bekasi, Province West Java, 
 Kec. Setia Budi, Jakarta Selatan, 
 Kec. Kuta Selatan, Badung, Bali. 
 
And owns lands for development located in: 
 Kec. Pinang, Kec. Pasar Kemis, Kab. Tangerang, Province Banten, 
 Kec. Pacet, Kab. Cianjur, Province West Java 
 Kec. Tanjung Pinang, Province Riau, 
 Kec. Denpasar Selatan and Badung, Bali. 
 
The main real estate project owned by the Company and Subsidiaries recently are Alam 
Sutera  Residential  and  Commercial  projects  in  Serpong,  and  Suvarna  Padi  and  Suvarna 
Sutera projects in Pasar Kemis, Tangerang.  
 
Alam Sutera believes that all the development efforts must take environmental issues into 
account seriously. The eco‐friendly development meant more than a marketing gimmick—
it  is  the  company’s  commitment.  The  Company  is  committed  to  do  their  part  in  the 
handling  of  millions  of  tons  of  pollution  in  their  environment  every  day,  by  setting  an 
example how to develop a sustainable green community. 
 
The  Company  has  direct  ownership  in  subsidiaries:  PT  Delta  Mega  Persada,  PT  Duta 
Prakarsa  Development,  PT  Nusa  Cipta  Pratama,  PT  Garuda  Adhimatra  Indonesia,  PT 
Tangerang Matra Real Estate, Alam Sutera International Pte. Ltd., and Alam Synergy Pte. 
Ltd. 
 
The Company and subsidiaries had 1,463 employees as of 30 June 2015.
August 2015
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.
C O M P A N Y R E P O R T
ASRI
RESEARCH AND DEVELOPMENT DIVISION22
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares :
Industry Sub Sector : Property And Real Estate (61) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO : :
PT Ciptadana Securities :
Securities Administration Bureau :
DIVIDEND ANNOUNCEMENT
Cash Recording Payment
Dividend Cum Date Ex Date Date Date
Phone : (021) 252-5666
Fax : (021) 252-5028
BOARD OF COMMISSIONERS
Harjanto Tirtohadiguno
Angeline Sutedja
The Nicholas
Pingki Elka Pangestu *) ISSUED HISTORY
Prasasto Sudyatmiko *) Listing Trading
*) Independent Commissioners Type of Listing Date Date
BOARD OF DIRECTORS
Purbaja Pantja
Andrew Charles Walker
Benny Redjo Setyono
Joseph Sanusi Tjong
Lilia Setiprawarti Sukotjo
RM Frangky AD
AUDIT COMMITTEE
Prasasto Sudyatmiko
Hidajat Hoesni
Sri Wahyuni Sujono
CORPORATE SECRETARY
Vincent T.W. Sjahbana
HEAD OFFICE
Phone : (021) 3043-8888, 252-3838
Fax : (021) 252-5050
Homepage : www.alam-sutera.com
Email : corsec@alam-sutera.com
23. Additional Listing without RI 1,786,310,000 25-Jan-12 25-Jan-12
21. Warrant 1,695,000 21-Dec-09 21-Dec-09
22. Warrant 30,412,500 28-Dec-09 28-Dec-09
19. Warrant 277,976,000 14-Dec-09 14-Dec-09
20. Warrant 15,000,000 15-Dec-09 15-Dec-09
17. Warrant 388 03-Dec-09 03-Dec-09
18. Warrant 27,500,000 10-Dec-09 10-Dec-09
15. Warrant 60,000,000 24-Nov-09 24-Nov-09
16. Warrant 27,500,000 26-Nov-09 26-Nov-09
13. Warrant 63,108,500 29-Oct-09 29-Oct-09
14. Warrant 15,000,000 03-Nov-09 03-Nov-09
11. Warrant 45,500,000 27-Oct-09 27-Oct-09
12. Warrant 27,500,000 28-Oct-09 28-Oct-09
9. Warrant 3,325,000 14-Oct-09 14-Oct-09
10. Warrant 55,000,000 23-Oct-09 23-Oct-09
7. Warrant 20,000,000 28-Jul-09 28-Jul-09
8. Warrant 250,000 12-Oct-09 12-Oct-09
1.
1.
Wisma Argo Manunggal 18th Fl.
3. PT Tangerang Fajar Industrial Estate 1,971,650,000 10.03%
4. Public (<5%) 9,698,921,524 49.36%
F/I
No. Shares
1. First Issue 3,142,000,000 18-Dec-07 18-Dec-07
Company Listing 13,986,810,000 18-Dec-07
01-Jul-15 03-Jul-15 24-Jul-15 F30-Jun-15
PT Manunggal Prime Development
Tangerang Fajar Industrial Estate
4,996,390,364
2,982,450,000 15.18%
03-Nov-1993
18-Dec-2007
Shares
3.
ASRI
9,922,953,003,440
19,649,411,888
480.952
1. 25.43%
2.
Alam Sutera Realty Tbk. [S]
PT Raya Saham Registra
1.
5.
6.
2.
3.
2011 6.13
Plaza Central Building 2nd Fl.
2.
Year
Bonus
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
3.
4.
5.
4.
2.
2014 7.00
Jln. Jend. Gatot Subroto Kav. 22
Jakarta 12930
2008 0.69
2010 4.03
03-Jul-09 06-Jul-09 09-Jul-09 24-Jul-09 F
2009 1.05 20-Jul-10 21-Jul-10 23-Jul-10 06-Aug-10 F
01-Jul-11 04-Jul-11 06-Jul-11 20-Jul-11 F
06-Jul-12 10-Jul-12 24-Jul-12 F
2012 14.60 25-Jun-13 26-Jun-13 28-Jun-13 12-Jul-13 F
05-Jul-12
2.
3. Warrant 4,974,500 11-Jun-09 11-Jun-09
4. Warrant 40,050,000 18-Jun-09 18-Jun-09
18-Aug-08
5. Warrant 1,000,000 19-Jun-09 19-Jun-09
6. Warrant 18,500,000 22-Jun-09 22-Jun-09
84 | 9.92T | 0.20% | 83.42%
36 | 12.4T | 0.84% | 64.58%
RESEARCH AND DEVELOPMENT DIVISION 23
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
575 39,772 1,309,474 732,783
Jul-15
(Thou. Sh.)
Volume
(Million Rp)
Value
(X)
Closing Price Freq.
Month
18,406 1,383,018
470 395
21625
1,266,002 700,001585 505 505 31,143
1,623,053
675 525 555 61,613 2,758,825 1,604,821
610 497 560
595 29,139 1,821,531 1,069,965
700 585 670 36,985 2,518,964
2,225,772 1,155,784
570 497 510 36,313 1,908,074 1,010,420
4,867,653 3,050,634
2,264,238 1,407,217
760 450
800 650
680 560 595 54,398 2,986,797
2,636,209
700 45,919 1,984,976 1,452,171
600 58,331 3,063,421 1,822,815
810 600 770 28,260 2,758,752 2,724,524
2,093,327 2,178,327
28,541 1,985,545 910,746
2,734,556 1,274,455
1,070 36,275
2,210,093 1,173,362
2,653,169 1,535,319
1,766,756 1,065,978
30,974
26,538
15,187
540 22,850 1,453,973 832,432
26,234 3,013,912 1,651,814
1,272,835630 560 620 22,571 2,116,918
600 28,484 1,831,503 1,099,178
3,163,247 1,462,365
3,459,789
24,608
25,423 2,016,360
1,143,722
2,374,352
31,786 2,106,554 934,363
1,508,461
811,334
894,522
370,811
899,084
24,237 2,168,218
21
20
21
21
21
21
20
628,154
10,749
12,896 1,311,172 398,549
1,006,591265
22
20
21
20
19
12,324
Sep-11 440
45,657
21,840
425
570
340
520
480 430 460
455 485
Jul-11
Aug-11
450 315
May-12
Mar-12
Feb-12
Jan-12
650 560
610 480
Apr-12
620 510
Jan-11
Apr-11
Mar-11
Dec-11
Jun-11
May-11
500 340 435
420
385
Feb-11
345 305 325
450 360 420
295
325 280 310
Nov-11
Oct-11
ASRI Alam Sutera Realty Tbk. [S]
20
Aug-12 495 430 440
520 410 495
570 455 21
22
Jun-12 490 27,226 4,923,539 2,336,855
520 455 460 27,925Jul-12 1,557,100 754,451
18Dec-12 640 550 600 15,745
22
Nov-12 20
Oct-12 580 470 580
620 550 610
21
19
Sep-12
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
970 750 930 26,881 1,503,613 1,299,168
1,160 930
1,090 970 1,050 41,384 2,555,637
23
Aug-13 17
Jul-13
830 445 550 45,493
22
Jun-13 19
May-13 1,130 1,020 1,060 43,176
1,080 720 750 65,671 4,696,607 4,021,982
2,136,655 2,296,257
20
Dec-13 19
Nov-13 610 455 475 43,705
21
Oct-13 21
Sep-13
1,091,598
800,565
2,060,989
530 425 430 32,921 1,686,157
700 560 610 43,176
20
Mar-14 20
Feb-14
Jan-14 20550 424 510 53,655 2,182,118 1,083,703
605 500 575 46,156 2,449,458 1,364,848
1,854,302
Jul-14 18
Jun-14
560 440 525 53,818
20
May-14 18
Apr-14 645 525 530 44,870 1,895,164 1,085,403
550 494 500 34,759 1,321,748 683,943
499 21435 442 38,963 782,146 360,303
22
Apr-15 21
Mar-15
21
Feb-15 19
Jan-15
20Dec-14 1,743,85648,903
22
Aug-14
620 550
23490 430
510 451 455 40,311 906,677
20
Sep-14
464 49,400 1,057,391 484,283
565
442,646
834,439560 43,394 1,656,102
247
2.95 2.49 1.58 1.81 1.47
505
1,160
424
242 142
460 600 430 560 505
680 700
225 410 425
500
13.63 9.69
650
500
460 600 430 560
9.64 10.08 222.43
11.09 17.34 9.57 16.29 17.42
244 297 511
3,168,955246 244
2011 2012 2013 2014 Jul-15
7,571 15,370 24,781 12,104 7,873
20,150 13,04722,54031,67229,410
Oct-14
Jun-15
20
19
545 264 Nov-14
May-15
444
2,218,790 1,396,763
675 600 600 28,356 1,153,314 745,260
19
680 545 615 36,708
500
Day
23
High Low Close
245 590,906 142,9839,005
19,196 1,651,106 445,752
12,373 937,975
310 230 245 21
21
18
305
255 225
290 240 285 249,543
287,673
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
150
300
450
600
750
900
1,050
1,200
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Alam Sutera Realty Tbk. [S]Closing
Price*
Volume
(Mill. Sh)
147.2%
65.6%
28.8%
-40%
-
40%
80%
120%
160%
200%
240%
280%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Property, Real Estate and Bulding Construction Index
January 2011 - July 2015
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION24
Financial Data and Ratios Book End : December
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents
Receivables
Inventories
Investment
Fixed Assets
Other Assets
Total Assets
Growth (%)
Bank Payable
Trade Payable
Total Liabilities
Growth (%)
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Cost of Revenues
Gross Profit
Operating Expenses
Operating Profit
Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period
Growth (%)
Period Attributable
Comprehensive Income
Comprehensive Attributable
RATIOS
Dividend (Rp)
EPS (Rp)
BV (Rp)
DAR (X)
DER(X)
ROA (%)
ROE (%)
GPM (%)
OPM (%)
NPM (%)
Payout Ratio (%)
Yield (%)
795,658 45,000 230,000 300,000
Jun-15
2,400,000 2,400,000 2,400,000 2,400,000 2,400,000
92.96%
69.79% 12.68% 19.49% 6.22%
100 100 100 100 100
17,209,828
16.02% -1.05%
14,428,083
79,577
889,577602,737
7.00
59.90
0.61
1.54
-
23.12
344.40
-
44.62
271.35
0.63
1.71
1,097,418 455,363
1,216,092 1,176,955 535,628
101.76%
536,584
601,654
889,577 1,176,955
454,357
-26.85% 32.31%
-2.43
41.62
24.15
-
-
7.92
79.15
52.54
32.41
11.69
65.37
30.92
-
18.47
63.53
Jun-15Dec-13 Dec-14
0.62
1.66
0.57
1.31
11.11
25.70
3.116.956.17
16.68
49.87
1,192,716 876,785 1,176,955
1.33
6.13
33.68
156.01
0.54
1.16
10.03
602,737 1,216,092
24.05
Dec-11 Dec-12
59.96
51.26
49.71
324.24
60.70
240.82
1.25
14.60
43.64
50.22
18.20
601,654 1,192,716 876,785
21.63
58.97
68,407 128,103 192,199 107,233
-22,477 90,182 -451,445 -521,999 -489,787
24.43%
208,812
671,143 1,344,195 1,081,776 1,385,767 642,860
120,770 212,884 304,204 398,953 238,758
566,656 979,517 1,846,814 1,324,196 361,173
814,391 1,466,897 1,837,425 2,306,718 1,371,405
80.79% 22.27%
977,938 2,050,204 2,640,107 3,599,980 3,917,796
2,786,872 4,731,875 5,331,785 6,371,194 6,767,239
1,381,046 2,446,414 3,684,240 3,630,914 1,732,578
77.14% 50.60% -1.45%
Dec-11 Dec-12 Dec-13 Dec-14
305,068
806,319 11,619 61,186
17,863 19,649 19,649 19,649 19,649
ASRI
844,906
21,596 29,721 84,690 192,197 155,341
1,641,316 890,181 880,754 536,217
Dec-11
6,007,548 10,946,417
-
74,140
46.37%
16,924,367
554,227
Dec-12 Dec-13 Dec-14
2,395,213 1,661,094 937,153 930,602
Alam Sutera Realty Tbk. [S]
341,514 708,121 801,678 957,762 1,062,471
Jun-15
1,331,356
3,220,676 6,214,543
35,519
82.21% 31.81%
- - - -
17.30% 1.69%
9,096,298 10,553,173 10,442,588
35,257 165,089 160,587
693,620 1,254,013 1,533,221 1,907,766 1,132,647
1,786,310 1,964,941 1,964,941 1,964,941 1,964,941
-
3,500
7,000
10,500
14,000
17,500
2011 2012 2013 2014 Jun-15
Assets Liabilities
TOTAL ASSETS AND LIABILITIES (Bill. Rp)
2,787
4,732
5,332
6,371
6,767
2011 2012 2013 2014 Jun-15
-135
1,245
2,626
4,006
5,387
6,767
TOTAL EQUITY (Bill. Rp)
1,381
2,446
3,684 3,631
1,733
2011 2012 2013 2014 Jun-15
-74
678
1,429
2,181
2,933
3,684
TOTAL REVENUES (Bill. Rp)
603
1,216
890
1,177
536
2011 2012 2013 2014 Jun-15
-24
224
472
720
968
1,216
PROFIT FOR THE PERIOD (Bill. Rp)
RESEARCH AND DEVELOPMENT DIVISION 25
BANK CENTRAL ASIA TBK.
Company Profile
PT  Bank  Central  Asia  Tbk.  was  established  under  the  name  N.V.  Perseroan  Dagang  dan 
Industrie  Semarang  Knitting  Factory  on  October  10th
,  1955.  The  name  has  changed  for 
several time, the last change was on May 21st
, 1974, which is PT Bank Central Asia. 
The  Bank  began  operations  in  banking  since  the  date  of  October  12,  1956.  The  Bank 
operates as a commercial bank. Bank engaged in banking and other financial services in 
accordance with the regulations applicable in Indonesia. 
As  of  June 30th
,  2015, BCA had 972  domestics  branches  and 2  overseas  representatives 
located in Singapore and Hong Kong. 
BCA  has  direct  and  indirect  ownership  in  subsidiaries:    PT  BCA  Finance,  BCA  Finance 
Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, and PT Central 
Santosa Finance. 
BCA had 23,862 permanent employees. 
August 2015
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.
BBCA
C O M P A N Y R E P O R T
RESEARCH AND DEVELOPMENT DIVISION26
COMPANY REPORT : JULY 2015 As of 31 July 2015
Main Board Individual Index :
Industry Sector : Finance (8) Listed Shares :
Industry Sub Sector : Bank (81) Market Capitalization :
COMPANY HISTORY SHAREHOLDERS (July 2015)
Established Date : :
Listing Date : :
Under Writer IPO :
PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT
PT Bahana Securities Cash Recording Payment
Securities Administration Bureau : Dividend Cum Date Ex Date Date Date
Phone : (021) 252-5666
Fax : (021) 252-5028
BOARD OF COMMISSIONERS
Djohan Emir Setijoso
Cyrillus Harinowo *)
Raden Pardede *)
Sigit Pramono *)
Tonny Kusnadi
*) Independent Commissioners
BOARD OF DIRECTORS
Jahja Setiaatmadja
Anthony Brent Elam
Armand Wahyudi Hartono
Dhalia Mansor Ariotedjo
Erwan Yuris Ang
Eugene Keith Galbraith
Henry Koenaifi
Rudy Susanto
Subur Tan
Suwignyo Budiman
AUDIT COMMITTEE
Cyrillus Harinowo ISSUED HISTORY
Ilham Ikhsan Listing Trading
Inawaty Suwardi Type of Listing Date Date
CORPORATE SECRETARY :
Inge Setiawati :
:
HEAD OFFICE :
Phone : (021) 2358-8000
Fax : (021) 2358-8300
Homepage : www.bca.co.id
Email : inge_setiawati@bca.co.id
investor_relations@bca.co.id
6. Partial Delisting -5,516,000 04-Jan-08 04-Jan-08
Shares
3. Stock Split 21,199,350,480 T: 15-May-01 28-Jan-08
4. Option Conversion 210,852,000 T: 29-Nov-01 09-Nov-06
5. Option Conversion MSOP 89,226,500 T: 04-Aug-03 29-Sep-04
2013 120.00 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F
2014 50.00 04-Dec-14 05-Dec-14 09-Dec-14 23-Dec-14 I
2014 148.00 16-Apr-15 17-Apr-15 21-Apr-15 13-May-15 F
Bonus
F/I
Year
85.00 14-Nov-01 15-Nov-01 20-Nov-01 04-Dec-01 I
2013 45.00 28-Nov-13 29-Nov-13 03-Dec-13 17-Dec-13 I
70.00 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11
31-May-00 31-May-00
2. Company Listing 2,252,146,140 T: 31-May-00 11-Jan-01
No.
1. First Issue 662,400,000
09-Dec-11 23-Dec-11 I
17-Jun-10
2007 04-Dec-07
12-Jun-08 13-Jun-08 17-Jun-08 F
08-Jun-12 11-Jun-12 13-Jun-12
18-Dec-07 I
20-Dec-12 I
F
29-Nov-07 30-Nov-07
42.50 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-102010
70.00 31-May-10 01-Jun-10 03-Jun-10
I
2010
2006
06-Dec-11
20-Jul-04
2002 225.00 03-Dec-03 04-Dec-03
2008
17-Nov-09
80.00 19-Jul-05 20-Jul-05 22-Jul-05
2001
07-Jun-06
2007 63.50
55.00
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
2.
3.
4.
3.
4.
5.
71.00 28-May-13 29-May-13 31-May-13 17-Jun-13
F
PT Raya Saham Registra
1.
27-Jun-12 F
I
03-Nov-06 I
27-Jun-07
08-Dec-04
13-Jun-07
5.
2005
1.
8.
9.
19-Dec-03
15-Nov-02
01-Jul-08
30-Jan-09
2011 43.50
2011 113.50
2.
2009
Jakarta 10310
2001
11-Oct-05
09-Jun-06
2012 43.50 04-Dec-12 06-Dec-12
05-Aug-05
07-Dec-11
2012
06-Jun-06
30-Oct-02
08-Dec-03
15-Jan-09 16-Jan-09 20-Jan-09
225.00
11-Oct-06 13-Oct-06
2003
25-Nov-04
08-Jun-07 11-Jun-07
2005 50.00 06-Oct-05 07-Oct-05
2005 90.00
03-Dec-12
3.
Menara BCA, Grand Indonesia
Jln. M.H. Thamrin No. 1
115.00
2.
F
BBCA
319,750,814,472,000
24,408,459,120
7,485.714
1. 45.58%
01-Nov-02
6.
F
F
F
F
7.
26-Jun-09 F
I
Shares
06-Jul-04
50.00 22-Nov-04 23-Nov-04
30-Jun-04 01-Jul-04
2004
1.
2.
2008 65.00 09-Jun-09 10-Jun-09 12-Jun-09
Bank Central Asia Tbk.
UOB Kay Hian Private Limited For Farindo Investment
Public (<5%)
23-Jun-06 F
2006 55.00 10-Oct-06
35.00
11,125,990,000
13,282,469,120 54.42%
2009 40.00 12-Nov-09 13-Nov-09 02-Dec-09 I
25-Oct-05 I
10.
10-Aug-1955
31-May-2000
140.00 29-Oct-02
2 | 319.8T | 6.44% | 13.82%
5 | 52.1T | 3.54% | 23.80%
RESEARCH AND DEVELOPMENT DIVISION 27
TRADING ACTIVITIES
SHARES TRADED
Volume (Million Sh.)
Value (Billion Rp)
Frequency (Thou. X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)
* Adjusted price after corporate action
May-11
21
21
18
7,650
6,450 5,550 6,300 309,683
Day
Feb-11
Dec-11
Jun-11
Jul-11
Aug-11
8,500
7,700
7,700 7,000
23
23
22
4.69 4.32 3.70 4.33 3.95
241 370299
May-15
2011 2012 2013 2014 Jul-15
26,586 29,765 39,776 51,771 30,739
21
21
19
20Dec-14
13,575 12,050
13,125 11,625 13,075 58,544 350,704
20
22
Aug-14
12,800
20.80
8,000
13,100
12,500
9,250
4,5143,9583,7783,674
8,000 9,100 9,600 13,125
651 499
247 246 244 242 142
8,850
9,100 9,600 13,125 13,100
13,575 15,600
5,300 6,750 8,450
9,500
12,650
Nov-14
Oct-14
13,425
Apr-15
13,525
Mar-15
Feb-15
Jan-15 273,651 3,592,271
14,550 13,250 14,100 62,002
18.31 18.86 16.61 19.90 18.72
6.61 6.58 17.20 27.72
20
May-14 18
Apr-14 11,250 10,425 11,000 53,682
20
396,445 4,549,613
11,850 10,950 11,200 49,417 215,348 2,519,575
669,676 7,354,376
11,525 10,775 10,775 45,146 265,133
21
Jul-14 18
Jun-14
11,800 10,875 11,600 44,924
20
Dec-13 19
Nov-13 10,650 9,550 9,650 38,027
21
Oct-13 21
Sep-13
20
Mar-14 20
Feb-14
Jan-14 2010,350 9,250 9,925 57,353 367,092 3,602,939
10,550 9,700 10,225 46,542 430,305 4,418,825
19
Apr-13 22
Mar-13
21
Feb-13 20
Jan-13
11,300 9,650 11,000 22,323
23
Aug-13 17
Jul-13
10,950 8,500 9,050 33,059
22
Jun-13 19
May-13 11,150 10,350 10,350 26,204
662,141 6,634,281
8,850 9,650
8,150 7,450 8,000
18Dec-12 9,500 8,750 9,100 19,730
22
Nov-12 20
Oct-12 8,250 7,800 8,200
9,400 8,150 8,800
322,195 2,599,470
247,495 2,149,295
231,033 2,098,035
Mar-11
May-12 21
19
Sep-12 20
Aug-12 8,050 7,650 7,750
8,150 7,750 7,900
Mar-12
Feb-12
Jan-12
8,250 7,750
7,500 6,750 21
22
8,250 7,200 7,600
Close
7,000 6,300
BBCA
36,521 515,715 3,024,334
2,216
Apr-12
Jun-12
7,450
13,375 53,863
Nov-11
Oct-11
Sep-11 8,500
8,250 7,850 8,000 20,524
Sep-14
Jul-12
17,988
15,210
17,126
6,650 5,300 5,650
High Low
21
2017,083
19
1,855,71319,474
217,742
3,714,097
17,092 193,852
284,722 2,292,976
6,950
Jan-11
Apr-11
1,685,625
22
20
21
6,950 7,700 33,396 339,968 2,651,632
7,400
7,500 7,000 7,100
8,150 7,050 8,100
1,572,104
1,561,623
7,900 28,088 360,677 2,850,162
8,250 7,700 8,000
21,965 301,403 2,028,622
34,730 493,690 3,726,985
16,724
19,416 205,970 1,481,677
1,543,490
29,893
8,300 22,050 235,954 1,889,559
8,850 7,250 8,000 37,790 465,218
6,800
16,480 430,418 3,358,206
284,480 2,266,305
11,250 10,450 10,750
10,350
7,550
311,498 2,412,690
20
8,400
398,309 2,996,959
21
20
21
21
21
20,067 215,749
236,761
7,000 7,000
8,000 14,002 1,894,521
8,100
216,573
2,967,458
11,400 10,700 11,000 43,261 268,220 2,959,465
4,353,955
3,745,157
63,765 241,069
13,050 69,752 587,562 7,528,035
12,500 13,100 58,896 286,375
3,172,351
22,825 280,620 2,589,237
7,300 21,978 289,274 2,085,318
8,050 7,250 8,000 20,559 343,483 2,611,726
10,000 46,266
10,150 10,600 59,990 436,023 4,599,025
521,956 5,000,323
10,450 9,100 10,400 31,898 236,737 2,350,258
11,400 27,863 259,577 2,789,619
11,125
Freq.
Month
3,622,454
14,825 14,025 14,825 90,945 331,831 4,777,845
13,425 12,825 13,125
253,767 2,565,011
9,850 9,250 9,600
19
Jun-15 21
19Jul-15
13,500 78,844 312,229
10,000 39,349 344,117 3,377,809
10,800 9,750 10,450 25,605 342,053 3,604,261
253,379 2,749,582
(Thou. Sh.)
Volume
260,770
14,125 13,050
(Million Rp)
Value
(X)
Closing Price
300,896
9,750
11,400
12,650 13,100 59,176 246,896 3,285,014
15,600 12,900 13,475 86,286
30,855 186,366 1,776,805
Bank Central Asia Tbk.
451,166 6,531,175
14,500 13,400 14,125 67,586 339,175 4,710,311
10,400
2,901,118
12,500 8,450
22,561
8,900
25,790 316,861 3,437,786
4,220,125
13,900
40
80
120
160
200
240
280
320
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
Closing Price* and Trading Volume
Bank Central Asia Tbk.Closing
Price*
Volume
(Mill. Sh)
46.9%
103.1%
28.8%
-20%
-
20%
40%
60%
80%
100%
120%
140%
Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
Finance Index
January 2011 - July 2015
Closing Price*, Jakarta Composite Index (IHSG) and
January 2011 - July 2015
RESEARCH AND DEVELOPMENT DIVISION28
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Agu2015

  • 2.
  • 3. Contents Forewords LQ45 Index Constituents for the period of August 2015 – January 2016 No. Code Stock Name Page 1. AALI Astra Agro Lestari Tbk. [S] (Plantation, 12) ................................................................................................................................................. 2 2. ADHI Adhi Karya (Persero) Tbk. [S] (Building Construction, 62)....................................................................................... 6 3. ADRO Adaro Energy Tbk. [S] (Coal Mining, 21) ...................................................................................................................................................... 10 4. AKRA AKR Corporindo Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91)) ........................................................................ 14 5. ASII Astra International Tbk. [S] (Automotive and Components, 42)......................................................................................................... 18 6. ASRI Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) .............................................................................................................. 22 7. BBCA Bank Central Asia Tbk. (Bank, 81)................................................................................................................................................................... 26 8. BBNI Bank Negara Indonesia (Persero) Tbk. (Bank, 81).................................................................................................................................. 30 9. BBRI Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) ................................................................................................................................. 34 10. BBTN Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................ 38 11. BMRI Bank Mandiri (Persero) Tbk. (Bank, 81)........................................................................................................................................................ 42 12. BMTR Global Mediacom Tbk. [S] (Investment Company, 98)........................................................................................................................... 46 13. BSDE Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61).......................................................................................................... 50 14. CPIN Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36).................................................................................................................... 54 15. EXCL XL Axiata Tbk. (Telecommunication,73) ....................................................................................................................................................... 58 16. GGRM Gudang Garam Tbk. (Tobacco Manufacturers, 52)................................................................................................................................. 62 17. ICBP Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51) ............................................................................................. 66 18. INCO Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23)........................................................................................................................ 70 19. INDF Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) .......................................................................................................... 74 20. INTP Indocement Tunggal Prakasa Tbk. [S] (Cement, 31).............................................................................................................................. 78 21. ITMG Indo Tambangraya Megah Tbk. [S] (Coal Mining, 21)............................................................................................................................ 82 22. JSMR Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72).............................................................. 86 23. KLBF Kalbe Farma Tbk. [S] (Pharmaceuticals, 53).............................................................................................................................................. 90 24. LPKR Lippo Karawaci Tbk. [S] (Property and Real Estate, 61)....................................................................................................................... 94 25. LPPF Matahari Department Store Tbk. [S] (Retail Trade, 93)......................................................................................................................... 98 26. LSIP PP London Sumatera Tbk. [S] (Plantation,12)........................................................................................................................................... 102 27. MNCN Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................ 106 28. MPPA Matahari Putra Prima Tbk. [S] (Retail Trade,93)....................................................................................................................................... 110 29. PGAS Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71).................................................................................................................... 114 30. PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21)............................................................................................ 118 31. PTPP PP (Persero) Tbk. [S] (Building Construction, 62) .................................................................................................. 122 32. PWON Pakuwon Jati Tbk. [S] (Property and Real Estate, 61)........................................................................................................................... 126 33. SCMA Surya Citra Media Tbk. [S] (Advertising, Printing And Media, 95).................................................................................................... 130 34. SILO Siloam International Hospitals Tbk. [S] (Healthcare, 96)....................................................................................................................... 134 35. SMGR Semen Indonesia (Persero) Tbk. [S] (Cement, 31).................................................................................................................................. 138 36. SMRA Summarecon Agung Tbk. [S] (Property and Real Estate, 61) ................................................................................. 142 37. SRIL Sri Rejeki Isman Tbk. (Textile, Garment, 43)........................................................................................................... 146 38. SSMS Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................ 150 39. TBIG Tower Bersama Infrastructure Tbk. (Non Building Construction, 75) ...................................................................... 154 40. TLKM Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73)....................................................................................... 158 41. UNTR United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) .......................................................... 162 42. UNVR Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54).............................................................................................................. 166 43. WIKA Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) .............................................................................................................. 170 44. WSKT Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) ................................................................................. 174 45. WTON Wijaya Karya Beton Tbk. [S] (Cement, 31) .............................................................................................................. 178
  • 4.
  • 5. N O T E S 1. Trading Volume, Value and Frequency : Figure of trading volume, value, and frequency are calculated once. Trading Frequency refers to numbers of transaction. 2. Foreign Ownership In September 1997, the foreign ownership limitation was abolished except for banks (49% of total listed shares). In May 1999, the maximum number of listed shares and foreign ownership on banks company was set to 99%, based on Government regulation dated May 7th, 1999. 3. Number of listed shares This figures refers to the total number of shares that is already listed and can be traded at the exchange 4. Market Capitalization This figures indicates the aggregate number of listed shares multiplied by regular market closing price 5. Jakarta Composite Index Jakarta Composite Index = ( ) ValueBase SharesofNumberxPriceClosingRegular∑ Base Value = ( )∑ SharesofNumberxPriceBase Individual Index = PriceBase PriceClosingRegular 6. To calculate the Jakarta Composite Index and Stock Individual Index, Base Price and Base Value are adjusted when bonus and rights issues, share splits and consolidations are made. Base price for new listed companies is IPO price. 7. Earnings Per Share (EPS) The figure of EPS is derived by dividing Profit for the period attribute to owner’s entity by number of issued shares. We annualized the EPS when interim reports are used (see the Financial statement dates and Financial Year Ends). 8. Book Value per Share (BV) The figure of BV is derived by dividing the Total Shareholders’ Equity by number of issued shares. 9. Debt to Assets Ratio (DAR) DAR = AssetsTotal sLiabilitieTotal x 100% 10. Debt to Equity Ratio (DER) DER = EquityTotal sLiabilitieTotal x 100% 11. Return on Assets (ROA) ROA = AssetsTotal periodtheforProfit x 100% 12. Return on Equity (ROE) ROE = EquityTotal periodtheforProfit x 100% 13. Gross Profit Margin (GPM) GPM = SalesTotal ProfitGross x 100% 14. Operating Profit Margin (OPM) OPM = SalesTotal IncomeOperating x 100% 15. Net Profit Margin (NPM) NPM = SalesTotal periodforProfit x 100% 16. Payout Ratio = EPS Dividend x 100% 17. Yield = PriceClosing Dividend x 100% 18. [S] Sharia Compliant Stock 19. Period Attribute : Profit for the period attributable to owner’s entity 20. Comprehensive Attribute : Comprehensive Income attributable to owner’s entity
  • 6. 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, August 2015 Research and Development Division Indonesia Stock Exchange © 2015 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.
  • 7. LQ45 Index Constituents for the period of August 2015 – January 2016
  • 8. ASTRA AGRO LESTARI TBK. Company Profile   PT  Astra  Agro  Lestari  Tbk.  was  established  dated  October  3rd ,  1988.    The  scope  of  its  activities  is  to  engage  in  plantation  operation,  general  trading,  manufacturing,  transportation, consultation and services.    The Company has investments in subsidiaries which are engaged in oil palm and rubber  plantations and industrial activities. The Company commenced commercial operations in  1995.  The company’s oil palm plantations and its mill are located in South Kalimantan. The  subsidiaries’ plantations and mills are located in Java, Sumatera, Kalimantan, and Sulawesi.    PT Astra International Tbk. is the parent entity of the Company, whereas Jardine Matheson  Holdings Ltd, incorporated in Bermuda, is its ultimate parent entity.    As of June 30th , 2015, the Company and subsidiaries had 35,133 permanent employees.  August 2015 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. C O M P A N Y R E P O R T AALI RESEARCH AND DEVELOPMENT DIVISION2
  • 9. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Agriculture (1) Listed Shares : Industry Sub Sector : Plantation (12) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : PT ABN AMRO Hoare Govett Indonesia DIVIDEND ANNOUNCEMENT Securities Administration Bureau : Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS Prijono Sugiarto Anugerah Pekerti *) Chiew Sin Cheok Johannes Loman Soemadi Djoko Moerdjono Brotodiningrat *) *) Independent Commissioners BOARD OF DIRECTORS Widya Wiryawan Bambang Palgoenadi Jamal Abdul Nasser Joko Supriyono Juddy Arianto Rudy AUDIT COMMITTEE Soemadi Djoko Juliani Eliza Syaftari Moerdjono Brotodiningrat Ratna Wardhani CORPORATE SECRETARY Rudy HEAD OFFICE ISSUED HISTORY Listing Trading Type of Listing Date Date Phone : (021) 461-6555 Fax : (021) 461-6682, (021) 461-6689 : Homepage : www.astra-agro.co.id : Email : Investor@astra-agro.co.id : : : : : PT Astra International Tbk. Public (<5%) 1,254,831,088 319,913,912 20.32% 03-Oct-1988 09-Dec-1997 31,613,005,875,000 1,574,745,000 1,554.190 1. 79.68% 09-Nov-98 I F Shares 2. 1998 29-Oct-98 Astra Agro Lestari Tbk. [S] 4. 1997 05-Jul-99 30-Oct-98 23-Nov-98 08-Jun-99 Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 25.00 27-May-99 28-May-99 60.001998 AALI F 2001 10.00 B 1999 45.00 31-May-00 3. 4. 5. 1. 5. 6. 1. 2. 3. 4. PT Raya Saham Registra Plaza Central Building 2nd Fl. 1. 2. 2. 3. 02-Jun-00 12-Jun-00 26-Jun-00 F 2000 7.00 07-Jun-01 08-Jun-01 13-Jun-01 27-Jun-01 18-Jun-02 19-Jun-02 24-Jun-02 04-Jul-02 F 2002 60.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F Jln. Pulo Ayang Raya Blok OR - I Kawasan Industri Pulogadung Jakarta 13930 Bonus F/I Year 37.00 22-Jun-98 23-Jun-98 01-Jul-98 20-Jul-98 F 1999 5 : 1 27-May-99 28-May-99 08-Jun-99 05-Jul-99 2004 150.00 06-Jun-05 07-Jun-05 09-Jun-05 23-Jun-05 F 2005 325.00 12-May-06 15-May-06 17-May-06 01-Jun-06 F 2003 90.00 04-Jun-04 07-Jun-04 09-Jun-04 23-Jun-04 F 2004 100.00 06-Dec-04 07-Dec-04 09-Dec-04 23-Dec-04 I 2007 190.00 19-Oct-07 22-Oct-07 24-Oct-07 02-Nov-07 I 2007 625.00 16-Jun-08 17-Jun-08 19-Jun-08 30-Jun-08 F 2006 95.00 17-Oct-06 18-Oct-06 20-Oct-06 10-Nov-06 I 2006 230.00 11-Jun-07 12-Jun-07 14-Jun-07 25-Jun-07 I 2009 220.00 30-Oct-09 02-Nov-09 04-Nov-09 11-Nov-09 I 2009 685.00 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F 2008 350.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I 2008 155.00 04-Jun-09 05-Jun-09 09-Jun-09 23-Jun-09 F 2011 300.00 24-Oct-11 25-Oct-11 27-Oct-11 10-Nov-11 I 2011 695.00 08-May-12 09-May-12 14-May-12 29-May-12 F 2010 190.00 26-Oct-10 27-Oct-10 29-Oct-10 12-Nov-10 I 2010 640.00 20-May-11 23-May-11 25-May-11 09-Jun-11 F 2013 160.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I 2013 515.00 09-May-14 12-May-14 14-May-14 30-May-14 F 2012 230.00 16-Oct-12 17-Oct-12 19-Oct-12 05-Nov-12 I 2012 455.00 15-May-13 16-May-13 20-May-13 03-Jun-13 F No. Shares 1. First Issue 125,800,000 09-Dec-97 09-Dec-97 2. Company Listing 1,132,200,000 T: 09-Dec-97 21-Jul-98 2014 244.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I 2014 716.00 21-Apr-15 22-Apr-15 24-Apr-15 15-May-15 F 5. Option Conversion I & II 5,494,500 T: 10-Jun-02 22-Jan-03 6. Option Conversion II 18,108,500 T: 02-Jul-02 18-May-04 3. Bonus Shares 251,600,000 06-Jul-99 06-Jul-99 4. Option Conversion 12,005,000 T: 22-Apr-02 07-Jun-02 9. Option Conversion III 19,518,500 T: 15-Jan-04 13-May-05 7. Option Conversion I 162,000 T: 14-Jan-03 31-Jan-03 8. Option Conversion II & III 9,856,500 T: 14-Jan-04 23-Apr-04 27 | 31.6T | 0.64% | 64.16% 49 | 9.42T | 0.64% | 74.08% RESEARCH AND DEVELOPMENT DIVISION 3
  • 10. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action 21 26,569 21 22,950 32,679 974,137 19 (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. 343,715 22,700 592,007 29,124 25,850 21,325 28,559 638,079 33,350 38,857 27,900 24,400 26,000 42,550 37,625 991,848 842,728 29,350 26,050 26,600 26,050 22,775 36,936 42,691 1,018,05923,000 37,761 640,710 23,500 49,512 57,643 1,222,233 24,454 576,705 33,746 27,072 634,605 27,325 32,492 30,003 28,216 770,84226,838 21 19 22 18 17,700 10,808 21,488 388,219 20,796 409,347 22,400 23,600 22,200 16,550 21,450 23,500 17,996 417,329 10,260 24,103 544,061 12,117 29,036 686,010 214,498 7,249 14,836 21 20 13,667 300,152 24,200 12,465 552,65524,194 22 20 21 11,760 18,119 375,898 15,106 7,950 23 9,018 494,785 20 1825,441 19 21 22,950 20,400 22,400 21,690 9,975 564,248 471,617 Nov-11 Oct-11 Sep-11 22,850 27,000 21,000 17,601 23,250 23,950 22,500 23,500 23,250 21,100 21,850 7,255 18,100 19,300 691,672 May-12 126 167 194 25,750 439388268273 23,700 19,000 21,500 11,095 471,543 10,953 26,112 569,072 22,900 20,500 21,700 17,532 382,289 23,150 20,050 13,159 22,550 20,550 20,600 10,520 12,047 9,946 AALI 16,550 17,800 13,100 21,700 19,700 25,100 24,250 20,075 19,250 24,000 19,500 436 207 247 29,712 40,233 959,441 13,880 30,884 Mar-12 Feb-12 Jan-12 23,750 21,000 22,000 19,150 21 23,000 20,300 22,300 23,350 18,500 23,350 11,605 26,569 Apr-12 Jun-12 21,400 579,302 21,700 18,000 20,450 23,427 27,916 20 21 21 21 Jul-12 14,218 5,828 10,839 240,513 33,952 728,250 24,000 20,100 23,000 9,547 20,808 Sep-12 20 Aug-12 23,300 21,250 22,300 23,400 19,350 21,950 467,231 Dec-12 19,750 17,800 19,700 10,801 22 Nov-12 20 Oct-12 22,100 20,200 20,950 21,300 17,950 18,000 18,910 398,764 15,084 297,057 8,856 7,904 22,617 422,905 23 Aug-13 17 Jul-13 19,800 13,100 19,750 19,132 22 Jun-13 19 May-13 19,500 16,900 19,500 16,961 19,900 15,500 15,550 13,025 21,333 370,322 35,698 646,786 21,000 17,800 19,700 17,880 42,231 814,363 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 19,300 18,250 18,450 11,374 33,001 622,045 19,200 17,850 18,500 15,207 36,954 678,998 20,850 18,750 18,850 10,591 18,700 17,300 20 Mar-14 20 Feb-14 Jan-14 2025,800 20,650 21,475 44,874 40,059 875,810 25,750 21,250 25,500 32,016 37,535 879,827 20 Dec-13 19 Nov-13 23,400 18,050 22,250 12,858 21 Oct-13 21 Sep-13 19,500 15,471 21,638 435,579 28,622 679,06525,750 22,250 25,100 12,429 21,750 18,350 35,024 759,116 52,971 1,097,030 21,300 18,500 18,600 10,945 29,850 25,600 26,700 36,013 21 Jul-14 18 Jun-14 28,175 28,175 135 May-15 Apr-15 Mar-15 2011 2012 2013 2014 Jul-15 6,072 5,693 7,542 10,816 4,705 Sep-14 24,553 601,935 26,500 24,250 24,650 726,319 26,525 Oct-14 24,000 32,960 31,25025,450 22,775 20Dec-14 23,500 19,250 749,632 20 May-14 18 Apr-14 29,475 25,125 29,400 36,774 20 35,895 954,698 26,700 25,500 25,500 30,897 41,565 1,087,452 29,006 788,587 246 244 242 142 27,000 24,550 22,350 24,250 19,675 20,075 Feb-15 Jan-15 13.68 12.64 21.94 15.62 35.57 1.79 33.17 15.46 23,150 24,300 26,000 23,275 25,084 637,986 Jun-15 30,222 23,184 19.34 23.50 21,700 19,700 25,100 26,722 4.06 3.31 3.85 3.41 2.75 550,225 24,300 27,912 19,500 20,350 26,87120,075 29,850 21 1927,525 Close 23,400 21,550 22,700 Jan-11 Jun-11 22,350 May-11 Jul-11 Aug-11 23,800 Apr-11 Dec-11 22 19Jul-15 27,525 20,050 24,800 21 20Nov-14 23,250 Feb-11 Month Aug-14 26,150 23,150 23 22 Astra Agro Lestari Tbk. [S] 21 Mar-11 Day 21,700 High Low 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 3,750 7,500 11,250 15,000 18,750 22,500 26,250 30,000 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Astra Agro Lestari Tbk. [S]Closing Price* Volume (Mill. Sh) -16.5% -25.1% 28.8% -60% -45% -30% -15% - 15% 30% 45% 60% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Agriculture Index Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION4
  • 11. Financial Data and Ratios Book End : December Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Current Assets Fixed Assets Other Assets Total Assets Growth (%) Current Liabilities Long Term Liabilities Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Expenses (Income) Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Current Ratio (%) Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) Dec-12 Dec-13 Dec-14 Jun-15 769,903 1,249,050 802,978 1,278,120 1,462,020 1,440,351 2,600,540 3,759,265 285,155 150,998 422,305 1,886,387 1,780,395 1,691,694 2,403,615 403,741 14,963,190 3,424,194 4,918,673 AALI 838,190 16,358 50,068 20,554 47,451 103,480 227,769 709,090 611,181 653,897 Dec-11 21.71% 20.48% 24.03% 11.57% 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 787,373 787,373 787,373 787,373 787,373 53.72% 43.14% 36.77%71.76% 6,493,712 16,154,714 337,986 453,869 936,066 2,609,888 3,633,768 3,054,409 441,980 10,204,495 12,419,820 1,778,337 4,695,331 18,558,329 20,705,325 6,720,843 8,158,203 8,087,559 10,548,430 10,270,782 8,426,158 9,365,411 10,267,859 11,837,486 11,513,395 1,575 1,575 1,575 1,575 1,575 500 500 500 500 500 - 960.00 7,311.28 4.15 10,772,582 11,564,319 12,674,999 16,305,831 7,229,196 7.35% 9.60% 28.65% 3.48 1,143.93 6,520.33 0.31 0.46 12.72 18.53 701,983 1,261,804 962,552 4,951,794 15.29% -2.74% 5,558,162 Dec-13 Dec-14 Jun-15 9,191,930 4,110,955 11.15% 9.64% 2,807,734 45.00 675.00 32.20 Dec-11 Dec-12 7,268,639 5,350.81 - 6.61 Dec-14 2,584,645 37.74% 58.47 1,068,715 16.08 - - 3,689,990 677,982 200,082 Jun-15 3.962.69 1,530.57 5,947.26 68.46 685.00 23.19 0.25 0.33 20.29 26.9129.65 36.53 - 65.14 130.97 - 37.68 - 21.79 44.75 1,527.59 0.17 0.21 24.48 22.14 30.37 - 15.01 59.01 4.59 995.00 834,367 1,004,627 - 7,517.08 2,453,654 1,936,250 0.87% -24.49% 1,589.91 0.44 0.80 - 2,405,564 2,410,259 Dec-11 Dec-12 Dec-13 22.69 50.52 2.31 282.22 - - - 3,332,932 3,524,893 2,605,071 60.38 504,011 0.36 0.57 14.12 - - 8,892,698 1,801,397 2,503,695 444,431 2,405,564 2,346,203 1,833,891 2,468,076 469,234 2,498,565 2,498,565 2,520,266 1,903,088 2,621,275 477,900 Astra Agro Lestari Tbk. [S] 601,976 832,589 1,476,864 - - - 6,837,674 7,206,837 8,593,064 11,354,037 5,588,662 3,934,908 4,357,482 4,081,935 1,640,534 - 4,250 8,500 12,750 17,000 21,250 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 8,426 9,365 10,268 11,837 11,513 2011 2012 2013 2014 Jun-15 -237 2,178 4,593 7,008 9,423 11,837 TOTAL EQUITY (Bill. Rp) 10,773 11,564 12,675 16,306 7,229 2011 2012 2013 2014 Jun-15 -326 3,000 6,327 9,653 12,979 16,306 TOTAL REVENUES (Bill. Rp) 2,499 2,520 1,903 2,621 478 2011 2012 2013 2014 Jun-15 -52 482 1,017 1,552 2,087 2,621 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 5
  • 12. ADHI KARYA (PERSERO) TBK. Company Profile   ADHI has managed to show its ability as a leading construction company in Southeast  Asia, through competitiveness and proven experience by running successful construction  projects. ADHI could not have achieved success without the support and participation of  the public. ADHI plays an active role in developing CSR programs as well as the Company’s  Partnership and Environmental Preservation Program.    In accordance with the Long‐Term Business Plan of ADHI 2012‐2016, the Company plans  for corporate activities in five business lines in order to increase the value of ADHI. Those  business lines are Construction, EPC, Property, Realty and Investment in Infrastructure.  In our core  business lines of construction and EPC services, our business development  strategy  is  focused  on  continuously  enhancing  our  professionalism  through  quality  products and timely  deliveries. Here, the role of ALC (ADHI Learning Center) comes into  the forefront. ALC has been in operations for more than a year, and its benefits are  already felt. Through ALC, ADHI personnel are equipped with the passion to excel, and  to always strive for quality by working intelligently and efficiently. With such passion, we  form another subsidiary entity –specialize in building construction– Adhi Persada Gedung  (APG).    In  addition  to  the  Construction  and  EPC  businesses,  the  Company  has  operated  and  profited from the Property and Realty businesses through two subsidiary entities, namely  Adhi Persada Properti (APP) and Adhi Persada Realti (APR). Expanding from the Property  business base, the Company has also made plans to develop four‐star hotels in Blok‐M  area Jakarta, and Surabaya; and three‐star hotels in Bekasi and Medan. This move is  designed to strengthen our Property business structure in the future, in addition to reap  the benefit of recurring income. Meanwhile, in the Realty business, we are adopting a  strategy  of not  only developing  landed houses,  but  also  managing commercial  areas  (malls, lifestyle centers and shopping complexes) also with the aim of strengthening our  recurring  income.    From  the  point  of  view  of  market  demand,  the  need  for  precast  concrete has grown  significantly  in  support  of  major  infrastructure projects. Modern  project management also requires applications in precast concrete technology that can  enhance project executions, whether in the form of concrete piles or other products. In  order  to  manage  the  business  professionally,  independent,  and  fast  emerging,  the  Company plan to establish a new subsidiary namely Adhi Persada Beton (APB).  August 2015 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. C O M P A N Y R E P O R T ADHI RESEARCH AND DEVELOPMENT DIVISION6
  • 13. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares : Industry Sub Sector : Building Construction (62) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : PT Ciptadana Sekuritas DIVIDEND ANNOUNCEMENT Securities Administration Bureau : Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 570-9009 Fax : (021) 570-9026 BOARD OF COMMISSIONERS Imam Santoso Ernawi Bobby AA. Nazief Hironimus Hilapok *) Muchlis R. Luddin *) Rildo Ananda Anwar Wicipto Setiadi *) Independent Commissioners ISSUED HISTORY Listing Trading BOARD OF DIRECTORS Type of Listing Date Date Kiswodarmawan Adji Satmoko Pundjung Setya Brata Djoko Prabowo Giri Sudaryono Supardi AUDIT COMMITTEE Muchlis R. Luddin Mukti Wibowo Syaiful CORPORATE SECRETARY Ki Syahgolang Permata HEAD OFFICE Phone : (021) 797-5312 Fax : (021) 797-5311 Homepage : www.adhi.co.id Email : kiki@adhi.co.id 4. Employee Stock Allocation (ESA) 44,132,000 18-Mar-04 26-Jun-04 2014 35.98 27-Mar-15 30-Mar-15 01-Apr-15 22-Apr-15 I Shares 06-Jun-12 08-Jun-12 22-Jun-12 F05-Jun-12 2012 Negara Republik Indonesia Public (<5%) 918,680,000 882,640,000 48.62% 11-Mar-1960 18-Mar-2004 19.56 17-Jun-05 2. ADHI 4,143,036,000,000 1,801,320,000 1,533.333 1. 51.38% 22-Jun-05 6. Shares 2. Adhi Karya (Persero) Tbk. [S] PT Datindo Entrycom 1. 4. 5. 1. 2. 3. 2009 28.26 Puri Datindo - Wisma Sudirman 2. 6. 2005 2003 Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 3. 4. 5. 3. 1. 2011 30.33 Jln. Raya Pasar Minggu Km.18 Jakarta - 12510 2005 12.98 2008 11.51 20-Jun-05 06-Jul-05 Bonus F/I Year 12.30 07-Jul-04 08-Jul-04 12-Jul-04 23-Jul-04 F 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F 2006 10.61 17-Jul-07 18-Jul-07 20-Jul-07 03-Aug-07 F 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F 01-Jul-10 05-Jul-10 19-Jul-10 F 2010 32.35 04-Jul-11 05-Jul-11 07-Jul-11 20-Jul-11 F 30-Jun-10 23.49 13-May-13 14-May-13 16-May-13 29-May-13 F 2013 67.61 04-Apr-14 07-Apr-14 10-Apr-14 25-Apr-14 F No. 1. First Issue 397,188,000 18-Mar-04 18-Mar-04 2. Company Listing 918,680,000 18-Mar-04 18-Mar-04 3. Employee Management Buy Out (EMBO) 441,320,000 18-Mar-04 03-Jul-06 152 | 4.14T | 0.08% | 92.10% 23 | 15.7T | 1.07% | 52.28% RESEARCH AND DEVELOPMENT DIVISION 7
  • 14. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action 2,020 59,436 343,741 745,375 Jul-15 (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. Month 11,915 359,328 520 445 212,540 672,513 1,613,3412,795 2,010 2,300 89,892 1,843,502 3,475 2,990 3,055 49,578 297,973 949,746 3,625 2,780 3,480 3,695 64,117 576,447 2,067,005 3,870 3,330 3,440 64,269 520,481 678,458 2,147,006 3,230 3,025 3,070 40,426 298,984 938,382 759,652 1,504,721 227,303 516,385 2,275 1,510 3,375 2,400 3,110 2,275 2,995 53,545 573,781 711,019 3,075 26,992 292,062 856,830 2,025 71,392 1,395,702 2,639,571 2,150 1,730 2,000 25,820 386,992 740,424 224,360 635,962 4,771 85,274 76,887 119,462 116,886 3,100 17,226 284,217 345,507 272,742 431,698 363,628 674,866 5,588 12,885 13,164 970 7,410 202,611 210,502 4,743 129,177 92,626 79,249800 700 800 4,622 107,316 990 11,373 306,721 280,632 193,549 126,624 84,676 8,235 4,259 60,629 53,179 100,864 13,367 134,909 65,650 45,079 33,605 70,518 40,725 75,362 6,573 119,233 21 20 21 21 21 21 20 198,452 14,093 5,278 95,026 75,050 172,522820 22 20 21 20 19 3,127 Sep-11 610 6,873 6,361 460 710 450 720 640 435 580 570 690 Jul-11 Aug-11 820 700 May-12 Mar-12 Feb-12 Jan-12 1,040 750 750 680 Apr-12 1,140 940 Jan-11 Apr-11 Mar-11 Dec-11 Jun-11 May-11 580 455 530 710 510 Feb-11 800 740 800 720 510 580 820 830 740 780 Nov-11 Oct-11 ADHI Adhi Karya (Persero) Tbk. [S] 20 Aug-12 960 830 900 1,090 870 1,040 1,010 860 21 22 Jun-12 990 3,027 59,294 56,177 1,050 860 910 4,409Jul-12 84,526 79,675 18Dec-12 2,100 1,630 1,760 24,655 22 Nov-12 20 Oct-12 1,440 1,000 1,410 1,910 1,360 1,890 21 19 Sep-12 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 2,650 1,990 2,575 17,280 317,854 723,135 3,175 2,400 3,175 2,700 2,975 19,520 242,917 23 Aug-13 17 Jul-13 3,200 1,690 1,980 22,891 22 Jun-13 19 May-13 3,925 2,950 3,900 22,507 4,000 3,100 3,325 27,380 298,365 1,054,227 284,753 931,777 20 Dec-13 19 Nov-13 1,970 1,570 1,600 22,975 21 Oct-13 21 Sep-13 524,666 633,407 298,528 1,780 1,460 1,510 22,832 383,774 2,150 1,830 1,950 44,551 20 Mar-14 20 Feb-14 Jan-14 201,850 1,425 1,780 34,825 523,862 885,065 2,390 1,755 2,340 51,624 769,177 1,595,184 1,597,729 Jul-14 18 Jun-14 3,420 2,725 3,110 77,411 20 May-14 18 Apr-14 3,335 2,675 2,985 86,169 890,637 2,676,720 3,340 2,950 3,130 50,309 514,322 1,636,032 3,150 212,620 2,785 45,534 320,944 925,441 22 Apr-15 21 Mar-15 21 Feb-15 19 Jan-15 20Dec-14 2,875,05381,342 22 Aug-14 3,780 3,320 232,920 2,320 3,160 2,740 2,765 30,838 165,105 20 Sep-14 2,755 58,999 424,212 1,142,279 2,810 494,676 1,501,6692,780 56,416 568,723 247 1.05 2.68 1.76 4.10 2.57 2,300 4,000 1,425 242 142 580 1,760 1,510 3,480 2,300 3,625 3,870 435 570 1,460 930 5.72 14.84 2,100 1,910 580 1,760 1,510 3,480 6.70 46.54 29.41 11.09 17.34 9.57 16.29 17.42 87 105 341 933,533246 244 2011 2012 2013 2014 Jul-15 989 2,571 11,472 18,415 8,734 1,468 2,9356,6625,1122,209 Oct-14 Jun-15 20 19 667 418 Nov-14 May-15 2,435 291,008 876,099 2,940 2,490 2,505 43,538 232,483 639,163 19 3,180 2,680 2,765 47,276 1,910 Day 23 High Low Close 830 75,255 60,1853,295 4,882 113,072 95,505 6,687 98,898 930 760 790 21 21 18 900 850 750 850 760 840 80,322 148,957 30 60 90 120 150 180 210 240 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Adhi Karya (Persero) Tbk. [S]Closing Price* Volume (Mill. Sh) 147.2% 150.0% 28.8% -110% -55% - 55% 110% 165% 220% 275% 330% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Property, Real Estate and Bulding Construction Index January 2011 - July 2015 Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION8
  • 15. Financial Data and Ratios Book End : December Public Accountant : Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Investment Fixed Assets Other Assets Total Assets Growth (%) Bank Payable Trade Payable Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Operating Expenses Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) 13.11% -7.81% 100 100 100 Dec-11 Dec-12 Dec-13 Dec-14 192,017 200,920 211,800 771,500 1,520,632 Jun-15 544,000 544,000 544,000 544,000 544,000 30.62% 19.24% 31.12% 4.20 26.38 12.73 409,862 326,616 70,436 91.47% -20.02% 100 100 11,609,234 6.54% 14.78% 9,720,962 30,547 70,721 16.76% 42,904 182,116 2.71 18.0618.45 11.93 0.613.12 408,438182,693 35.98 179.91 0.86 6.19 - 39.10 896.43 67.61 225.38 859.63 0.84 5.28 324,031 42,620 213,318 326,657 Jun-15Dec-13 Dec-14 182,150 211,924 407,401 0.83 4.97 0.85 5.67 6.18 30.00 -1.33 - 4.17 30.00 4.48 4.38 10.12 8.53 3.77 20.00 7.14 2.20 - 18.65 11.75 211,590 405,977 324,071 5.23 30.33 101.10 549.80 0.84 5.17 2.99 182,727 213,651 20.00 Dec-11 Dec-12 13.68 - 2.80 972.37 117.46 655.59 1.03 23.49 2.73 143,687 209,998 305,927 94,582 -87,164 -88,526 -108,337 -143,714 -64,141 267,896 326,380 423,315 714,365 594,553 165,303 385,498 531,378 425,009 278,322 95,454 5,960,704 6,671,815 8,606,444 7,655,377 2,887,135 799,042 1,043,220 1,247,711 1,016,588 324,899 6,695,112 7,627,703 9,799,598 8,653,578 3,212,033 13.93% 28.47% -11.69% 790,784 943,642 1,307,301 1,509,579 1,529,997 990,368 1,180,919 1,548,463 1,751,543 1,614,751 1,801 1,801 1,801 1,801 1,801 ADHI 552,203 1,657,080 2,332,098 2,705,085 3,214,051 3,030,056 948,846 1,939,960 811,412 799,984 Dec-11 6,112,954 7,872,074 45,250 27,893 22.14% 10,458,882 7.59% 11.00% 8,172,499 8,707,338 9,994,483 4,276,690 4,767,420 Adhi Karya (Persero) Tbk. [S] 4,923,213 4,885,315 18,154 34,248 65,081 329,883197,644 62,804 60,034 Dec-12 Dec-13 Dec-14 68,562 116,552 161,560 132,014 180,132 180,132 180,132 180,132 180,132 220,861 187,437 271,257 496,096 594,384 Jun-15 165,353 5,122,586 6,691,155 3,132,496 28.78% 23.49% 413,544 - - 738,267 229,444 - 2,500 5,000 7,500 10,000 12,500 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 990 1,181 1,548 1,752 1,615 2011 2012 2013 2014 Jun-15 -35 322 680 1,037 1,394 1,752 TOTAL EQUITY (Bill. Rp) 6,695 7,628 9,800 8,654 3,212 2011 2012 2013 2014 Jun-15 -196 1,803 3,802 5,801 7,800 9,800 TOTAL REVENUES (Bill. Rp) 183 213 408 327 71 2011 2012 2013 2014 Jun-15 -8 75 158 242 325 408 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 9
  • 16. ADARO ENERGY TBK. Company Profile PT Adaro Energy Tbk. was established July 28th , 2004.  The Company is engaged in trading,  services,  industry,  coal  hauling,  workshop  activities,  mining  and  construction.  The  Company’s  subsidiaries  are  engaged  in  coal  mining,  coal  trading,  mining  contractor  services, infrastructure, coal logistics and power generation activities.    The  Company commenced  its  commercial operations  in July 2005.  The  Company’s  head  office  is  domiciled  in  Jakarta  and  located  at  Menara  Karya  Building,  23rd   Floor,  Jln.  H.R.  Rasuna Said Block X‐5, Kav. 1‐2, South Jakarta.    PT  Adaro  Energy  Tbk.  is  a  vertically  integrated  group;  in  addition  to  its  core  mining  subsidiary Adaro Indonesia, it owns subsidiaries along the length of its coal supply chain  from pit to port to power, including in mining, barging, shiploading, dredging, port services,  marketing and power generation.    The  subsidiaries  combine  with  a  range  of  contractors  to  produce  and  deliver  coal  with  industry‐leading efficiency and low cost.    As at March 31st , 2015 the Group had 7,574 permanent employees.  August 2015 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. ADRO C O M P A N Y R E P O R T RESEARCH AND DEVELOPMENT DIVISION10
  • 17. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Mining (2) Listed Shares : Industry Sub Sector : Coal Mining (21) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : : PT Danatama Makmur Securities Administration Bureau : DIVIDEND ANNOUNCEMENT Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 521-2316, 521-2317 Fax : (021) 521-2320 BOARD OF COMMISSIONERS Edwin Soeryadjaya Palgunadi Tatit Setyawan *) Raden Pardede *) Subianto Theodore Permadi Rachmat *) Independent Commissioners BOARD OF DIRECTORS Garibaldi Thohir Chia Ah Hoo Christian Ariano Rachmat ISSUED HISTORY David Tendian Listing Trading Julius Aslan Type of Listing Date Date M. Syah Indra Aman Siswanto Prawiroatmodjo AUDIT COMMITTEE Palgunadi Tatit Setyawan Irwandy Arif Mamat Ma'mun CORPORATE SECRETARY Mahardika Putranto HEAD OFFICE Phone : (021) 521-1265, 255-33040 Fax : (021) 579-44687, 579-44648 Homepage : www.adaro.com Email : mahardika.putranto@ptadaro.com corsec@ptadaro.com PT Adaro Strategic Investments Garibaldi Thohir 14,045,425,500 1,976,632,654 6.18% 28-Jul-2004 16-Jul-2008 USD 0.00235 USD 0.00575 USD 0.0013 USD 0.0011 USD 0.00126 USD 0.00125 USD 0.0011 USD 0.00094 18,871,717,580,000 31,985,962,000 53.636 1. 43.91% 28-Aug-09 F I Bonus 2. 2009 25-Aug-09 3. Public (<5%) 15,963,903,846 F/I Adaro Energy Tbk. [S] Year Shares 30-Dec-09 26-Aug-09 11-Sep-09 16-Dec-09 Jln. Jend. Sudirman Kav. 28 Jakarta 12920 12.00 11-Dec-09 14-Dec-09 11.802008 ADRO 49.91% 18-Jun-10 F 10-Dec-10 I 09-Jun-11 F 28-Nov-11 29-Nov-11 01-Dec-11 09-Dec-11 I 2011 29-May-12 01-Jun-11 2011 3. 4. 5. 1. 5. 6. 7. 1. 2. 3. PT Ficomindo Buana Registrar Mayapada Tower 10th Fl. Suite 02 B 1. 2. 2. 3. 4. USD 0.00142 30-May-12 01-Jun-12 12-Jun-12 F 2012 29-May-12 30-May-12 01-Jun-12 12-Jun-12 I Menara Karya 23rd Fl. Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2 Jakarta - 12950 2009 17.00 02-Jun-10 03-Jun-10 07-Jun-10 2010 9.85 26-Nov-10 29-Nov-10 01-Dec-10 2010 20.50 27-May-11 30-May-11 2013 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I 2013 26-May-14 28-May-14 02-Jun-14 12-Jun-14 F 2012 26-Dec-12 27-Dec-12 02-Jan-13 15-Jan-13 I 2012 29-May-13 30-May-13 03-Jun-13 12-Jun-13 F No. Shares 1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08 2. Company Listing 20,846,631,000 16-Jul-08 16-Apr-09 2014 24-Dec-14 29-Dec-14 02-Jan-15 16-Jan-15 I 2014 30-Apr-15 04-May-15 06-May-15 27-May-15 F 45 | 18.9T | 0.38% | 72.74% 34 | 13.1T | 0.89% | 62.87% RESEARCH AND DEVELOPMENT DIVISION 11
  • 18. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. 2,009,815 2,450 2,056,482 2,150 1,830 1,910 21 1,830,149 1,768,558 1,340 1,130 1,100 1,390 1,150 58,209 927,416 1,196,5821,175 21 760 44,264 789,582 19 1,385,742 1,035 935 950 61,722 775 940 1,400,629 925 755 716,447 686,954 42,790 883,826 1,653,523 1,307,578 1,135 87,590 1,641,955 1,706,381 547,730 454,253 47,125 1,050,501 1,123,969 1,225 60,224 1,439,612 1,173,729 1,460,50259,842 2,025 2,650 1,032,290 2,644,882 31,778 801,403 1,481,681 48,050 1,735,498 4,063,096 1,977,409 19,872 834,507 2,250 2,450 41,384 1,430 1,720 21 20 1,180,537 2,322,064 2,475 28,318 2,502,0531,105,133 22 20 21 63,571 1,819,818 3,335,150 63,762 20,831 23 41,895 3,396,335 20 181,202,450 19 212,200 2,450 2,150 2,200 1,450 48,253 1,860 1,750 1,830 36,837 31,426 1,070,469 824,427 1,384,272 37,572 2,872,429 1,400,499 Nov-11 Oct-11 Sep-11 2,125 2,900 2,225 43,230 2,350 2,500 2,250 2,450 2,500 392 469 6,986 1,770 15,25413,86411,35016,314 2,700 1,990 2,025 44,376 3,166,937 42,144 1,294,177 2,500,859 2,025 1,730 1,770 999,140 1,807,345 1,301,281 1,628,248 1,065,599 1,578,648 1,230 28,764 699,841 898,296 693,704 1,175,414 1,500 ADRO 1,430 1,180 640 870 2,025 550 730 382 247 53,979 1,713,532 4,350,610 46,772 1,404,886 3,245,738 May-12 Mar-12 Feb-12 Jan-12 1,970 1,770 1,490 1,180 21 2,025 1,790 1,920 1,980 1,870 1,930 33,313 1,076,242 Apr-12 Jun-12 1,860 2,145,363 1,880 1,460 1,470 20 21 21 21 21 Jul-12 26,552 25,007 589,119 876,431 550,208 825,189 1,630 1,320 1,460 39,070 896,114 Sep-12 20 Aug-12 1,610 1,330 1,370 1,610 1,350 1,500 19 22 Dec-12 1,610 1,320 1,590 28,273 22 Nov-12 20 Oct-12 1,490 1,340 1,370 1,430 1,320 1,340 973,400 1,379,202 651,960 899,730 25,135 23,953 18 23 Aug-13 17 Jul-13 940 640 930 42,185 22 Jun-13 19 May-13 1,240 920 930 40,369 860 670 700 38,801 1,288,624 930,027 1,088,707 1,179,144 930 750 860 46,114 1,004,249 849,300 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 1,680 1,550 1,570 29,234 578,305 922,195 1,580 1,250 1,310 34,568 1,179,303 1,701,990 1,770 1,590 1,650 35,702 1,370 1,190 20 Mar-14 20 Feb-14 Jan-14 201,110 870 950 67,166 1,717,526 1,651,052 995 880 995 52,885 1,197,188 1,126,593 1,040 945 980 59,759 1,369,759 1,357,397 20 Dec-13 19 Nov-13 1,240 1,010 1,130 49,717 21 Oct-13 21 Sep-13 900 45,303 1,230,844 1,250,459 1,059,797 1,223,8371,250 1,040 1,090 35,467 1,030 870 1,820,926 2,085,692 1,566,310 1,494,923 1,130 890 1,020 42,712 1,320 1,080 1,185 58,308 21 Jul-14 18 Jun-14 1,210 1,175 500 May-15 Apr-15 Mar-15 2011 2012 2013 2014 Jul-15 35,887 18,253 15,019 16,751 6,282 Sep-14 1,137,115 1,117,884 1,025 1,040 1,770 1,590 1,090 Oct-14 1,080 55,494 1,174,7131,150 980 20Dec-14 1,185 920 1,247,984 20 May-14 18 Apr-14 1,205 930 1,185 55,961 20 1,079,081 1,241,003 1,350 1,170 1,315 67,428 1,186,836 1,515,182 1,295,481 1,355,337 246 244 242 142 2,900 1,145 995 1,040 550 590 Feb-15 Jan-15 11.16 13.78 12.29 9.27 6.06 16.17 8.49 20.76 1,040 590 960 1,137,398 1,117,337 Jun-15 58,960 1,163,030 3.23 -10.63 1,770 1,590 1,090 730,274 990 2.56 1.76 0.89 0.81 0.43 590 1,390 1,050 940 835 860 21 835 875 49,786 19Jul-15 Feb-11 Month Aug-14 1,050 925 23 22 Day 2,250 High Low Close 2,475 2,175 2,200 Jan-11 Jun-11 2,200 May-11 Jul-11 Aug-11 2,700 Apr-11 Dec-11 22 21 19 20Nov-14 1,000 70,943 21 Mar-11 Adaro Energy Tbk. [S] 50 100 150 200 250 300 350 400 375 750 1,125 1,500 1,875 2,250 2,625 3,000 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Adaro Energy Tbk. [S]Closing Price* Volume (Mill. Sh) -71.3% -77.9% 28.8% -100% -80% -60% -40% -20% - 20% 40% 60% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Mining Index Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION12
  • 19. Financial Data and Ratios Book End : December Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Current Assets Fixed Assets Other Assets Total Assets Growth (%) Current Liabilities Long Term Liabilities Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Expenses (Income) Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Current Ratio (%) Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) 12,988,087 17,106,385 Dec-12 Dec-13 Dec-14 Jun-15 475,345 623,589 1,260,706 1,203,096 1,097,997 ADRO 5,067,851 4,396,801 4,692,058 3,822,657 3,571,196 3,828,230 4,838,559 8,354,692 9,267,904 9,169,643 Dec-11 26.11% 27.67% -3.47% 3.72% 125,873 96,226 248,811 11,765,957 13,672,171 16,820,685 15,814,016 268,605 82,623,566 21.45% -9.62% -2.61%22.57% 20,930,154 20,104,075 22,103,586 27,056,457 33,927,838 29,608,935 30,190,047 35,751,943 289,544 51,315,458 64,714,116 29,169,380 43,420,880 79,760,127 82,725,433 39,241,798 38,218,964 9,632,8637,065,795 8,695,486 9,493,041 31,986 31,986 100 100 100 100 100 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 3,198,596 3,198,596 3,198,596 3,198,596 3,198,596 4.24 75.01 - 30.24 1,391.44 3.57 36,157,789 35,996,469 40,308,692 41,355,222 18,647,948 -0.45% 11.98% 2.60% 2.21 88.70 1,225.62 0.53 1.11 3.40 7.18 2,331,558 10,314,612 14,940,038 16,287,516 18,459,661 22,146,078 28,962,172 8.51 Dec-14 -1,823,491 -18.86% 164.17 -6.37% 1,763,674 5.52 -2,091,648 -318,661 4,046,177 2,645,082 1,057,548 Jun-15 16.26 6.98 20,377,095 2,816,095 1,022,484 8,953,920 3.36% 9.84% 6,137,825 2,963,744 -2,547,745 -1,186,122 -1,411,062 9,091,677 6,901,711 5,144,615 30.78% 35.36% 15,303,669 177.19 28.77 Dec-11 Dec-12 8,542,056 8,028,917 Dec-13 Dec-14 Jun-15 39,202,687 40,518,329 44,506,469 31,986 31,986 31,986 2.912.64 116.50 905.47 157.23 35.15 13.85 0.55 1.23 5.73 12.8022.61 35.82 32.19 48.08 166.52 14.84 28.01 22.47 10.30 30.17 156.03 0.57 1.32 9.76 5.63 21.6522.50 692.37 32.43 43.66 1,686,338 0.49 0.97 2.86 -30.51% -18.94% 4,085,207 3,195,132 - 1,266.75 3,691,474 2,765,793 -25.96% -24.11% 69.27 0.46 0.86 - 4,990,610 3,726,305 Dec-11 Dec-12 Dec-13 21.38 190.61 1.92 49.66 15.89 14,661,720 12,952,668 10,082,155 9,069,812 3,986,228 2,837,204 2,215,623 1,588,508 5,057,940 3,711,201 2,774,247 1,836,934 1,697,617 5,073,546 5,006,470 3,706,579 2,813,057 2,282,503 1,587,535 Adaro Energy Tbk. [S] 1,313,246 1,994,321 2,514,135 11,639,422 8,087,833 6,555,677 23,205,121 25,914,314 31,238,880 32,401,302 - 17,500 35,000 52,500 70,000 87,500 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 22,146 28,962 39,203 40,518 44,506 2011 2012 2013 2014 Jun-15 -890 8,189 17,269 26,348 35,427 44,506 TOTAL EQUITY (Bill. Rp) 36,158 35,996 40,309 41,355 18,648 2011 2012 2013 2014 Jun-15 -827 7,609 16,046 24,482 32,919 41,355 TOTAL REVENUES (Bill. Rp) 5,006 3,707 2,813 2,283 1,588 2011 2012 2013 2014 Jun-15 -100 921 1,943 2,964 3,985 5,006 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 13
  • 20. AKR CORPORINDO TBK. Company Profile   The  Company’s  scope  of  activities  comprises  of  chemical  industry,  general  trading  and  distribution of primarily chemical products and petroleum products and gas, engaging in  the logistics business, transportation (including for own use and for transport operations by  land  or  sea  and  operations  of  pipe  for  sea  transportation  infrastructure),  rental  of  warehouses and storage tanks, including workshop, expedition and packaging, conducting  a business and acting as a representative and/or an agent, with distributorship agreements  with foreign and local entities, contractors and other services except legal services.    The Company is currently engaged in the distribution of petroleum products to industrial  customers,  distribution  and  trading  of  chemical  products  (such  as  caustic  soda,  sodium  sulphate, PVC resin and soda ash) used by various industries in Indonesia in accordance  with  distributorship  agreements  with  foreign  and  local  manufacturers,  rental  of  warehouses, transportation vehicles, tanks and other logistic services.    The Company started its commercial operations in June 1978.    The  Company  is  domiciled  at  Wisma  AKR,  8th  Floor,  JIn.  Panjang  No.  5,  Kebon  Jeruk,  Jakarta. Its major branch office is located at JIn. Sumatra No. 51‐53, Surabaya. Other sales  offices  also  the  tank  terminals  are  located  in  Medan,  Palembang,  Lampung,  Ciwandan  (Banten),  Bandung,  Semarang,  Pontianak,  Balikpapan,  Banjarmasin,  Stagen  (South  Kalimantan), Makassar, Manado and Bali. The Company also has a representative office in  Guigang, China.  August 2015 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. C O M P A N Y R E P O R T AKRA RESEARCH AND DEVELOPMENT DIVISION14
  • 21. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Trade, Services & Investment (9) Listed Shares : Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : PT Lippo Securities DIVIDEND ANNOUNCEMENT Securities Administration Bureau : Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS Soegiarto Adikoesoemo I Nyoman Mastra *) Mahendra Siregar *) Independent Commissioners BOARD OF DIRECTORS Haryanto Adikoesoemo Arief Budiman Utomo Bambang Soetiono Soedijanto Jimmy Tandyo Mery Sofi Nery Polim Suresh Vembu Ter Murti Tiban AUDIT COMMITTEE I Nyoman Mastra Ngurah Gede Sahat Pardede CORPORATE SECRETARY Harryati Utami ISSUED HISTORY Listing Trading HEAD OFFICE Type of Listing Date Date : Phone : (021) 531-1110 : Fax : (021) 531-1185, 531-1388, 531-1128 : : Homepage : www.akr.co.id : Email : harryati.utami@akr.co.id; tami@akr.co.id : : : : : : :19. MSOP I (2012) 3, MSOP II (2013) 2, MSOP 2014 5,549,400 T: 08-Apr-15 10-Apr-15 17. MSOP I (2012) 2, II (2013) 1 200,000 09-Oct-14 09-Oct-14 18. MSOP I (2012) 3, MSOP II (2013) 2 20,525,500 T: 06-Apr-15 07-Apr-15 15. MSOP V (2011) 3, I (2012) 2, I (2013) 1 22,714,000 T: 04-Apr-14 11-Apr-14 16. MSOP V (2011) 3, I (2012) 2, II (2013) 1 9,996,174 07-Oct-14 07-Oct-14 13. Opsi MSOP Conversion III 550,000 10-Apr-12 10-Apr-12 14. Opsi MSOP Conversion IV, V 29,099,000 T: 09-Apr-13 10-Apr-13 11. Opsi MSOP Conversion IV 195,000 T: 13-Oct-11 12-Apr-13 12. Opsi MSOP Conversion III, IV, V 28,907,500 09-Apr-12 09-Apr-12 9. Opsi MSOP Conversion II, III & IV 28,607,500 T: 13-Apr-11 14-Apr-11 10. Opsi MSOP Conversion II, III, IV 432,500 12-Oct-11 12-Oct-11 7. Opsi MSOP Conversion I, II & III 26,537,500 T: 09-Apr-10 13-Oct-10 8. Opsi MSOP Conversion I & III 447,500 T: 12-Apr-10 15-Apr-10 5. Right Issue 1,043,658,500 T: 20-Dec-04 16-Feb-10 6. OPSI Conversion 18,292,500 T: 11-Apr-08 15-Oct-09 3. Bonus Shares 39,000,000 01-Apr-96 01-Apr-96 4. Stock Split 2,600,000,000 T: 30-Sep-96 27-Jul-07 No. Shares 1. First Issue 15,000,000 03-Oct-94 03-Oct-94 2. Company Listing 50,000,000 T: 03-Oct-94 06-May-95 2014 80.00 12-May-15 13-May-15 18-May-15 29-May-15 F 2015 100.00 07-Aug-15 08-Aug-15 12-Aug-15 21-Aug-15 I 2013 65.00 05-Jun-14 06-Jun-14 10-Jun-14 24-Jun-14 F 2014 50.00 09-Sep-14 10-Sep-14 12-Sep-14 26-Sep-14 I 2012 65.00 31-May-13 03-Jun-13 05-Jun-13 20-Jun-13 F 2013 50.00 18-Sep-13 19-Sep-13 23-Sep-13 04-Oct-13 I 2011 25.00 06-Jun-12 07-Jun-12 11-Jun-12 25-Jun-12 F 2012 40.00 26-Dec-12 27-Dec-12 02-Jan-13 16-Jan-13 I 2010 2.00 31-May-11 01-Jun-11 06-Jun-11 20-Jun-11 F 2011 200.00 22-Aug-11 23-Aug-11 25-Aug-11 08-Sep-11 I 2010 30.00 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I 2010 135.00 11-Mar-11 14-Mar-11 16-Mar-11 29-Mar-11 I 2008 21.00 09-Jun-09 10-Jun-09 12-Jun-09 19-Jun-09 F 2009 25.00 25-May-10 26-May-10 31-May-10 14-Jun-10 F 2006 65.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 F 2007 19.00 03-Jun-08 04-Jun-08 06-Jun-08 16-Jun-08 F 2005 40.00 02-May-05 03-May-05 06-May-05 19-May-05 2005 60.00 01-Sep-06 04-Sep-06 06-Sep-06 19-Sep-06 F 03-Sep-03 04-Sep-03 08-Sep-03 19-Sep-03 F 2003 50.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F Wisma AKR 7th - 8th Fl. Jln. Panjang No. 5, Kebon Jeruk Jakarta Bonus F/I Year 80.00 27-Jan-95 30-Jan-95 06-Feb-95 28-Feb-95 I 1995 10 : 6 26-Feb-96 27-Feb-96 06-Mar-96 29-Mar-96 B 1995 70.00 07-Jun-96 3. 2. 3. 7. 8. 1. 2. 3. PT Raya Saham Registra Plaza Central Building 2nd Fl. 1. 2. 4. 5. 10-Jun-96 18-Jun-96 11-Jul-96 F 1996 50.00 23-Jun-97 24-Jun-97 01-Aug-97 26-Aug-97 F 2002 25.00 AKR Corporindo Tbk. [S] 6. 1995 18-Dec-95 12-Jul-95 11-Aug-95 28-Nov-95 Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 80.00 17-Nov-95 20-Nov-95 50.001994 AKRA 22,653,347,300,500 3,939,712,574 4,582.732 1. 58.59% 20-Jul-95 1. F I Shares 2. 1995 11-Jul-95 PT Arthakencana Rayatama Public (<5%) 2,307,906,120 1,631,806,454 41.41% 28-Nov-1977 03-Oct-1994 39 | 22.7T | 0.46% | 70.39% 44 | 10.9T | 0.74% | 70.66% RESEARCH AND DEVELOPMENT DIVISION 15
  • 22. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action AKR Corporindo Tbk. [S] 21 Mar-11 Feb-11 Month Aug-14 4,750 4,110 23 22 Day 1,440 High Low Close 1,660 1,420 1,470 Jan-11 Jun-11 1,450 May-11 Jul-11 Aug-11 3,125 Apr-11 Dec-11 22 19Jul-15 21 196,225 5,775 5,000 5,475 21 20Nov-14 4,695 50,776 4,960 5,200 32,2435,750 5,825 877,200 5,675 3.23 3.80 3.17 2.84 3.21 198,686 999,074 Jun-15 34,681 155,464 22.13 16.33 3,025 4,150 4,375 246 244 242 142 3,250 4,680 3,950 4,120 5,200 5,750 Feb-15 Jan-15 22.62 21.15 26.19 20.90 18.71 16.89 19.08 15.42 Oct-14 4,650 30,471 192,9444,950 4,540 20Dec-14 5,475 4,700 900,889 20 May-14 18 Apr-14 5,200 4,625 4,770 34,583 20 188,850 855,524 5,375 4,400 5,250 25,846 165,098 786,913 161,251 781,369 4,750 4,255 4,400 26,710 21 Jul-14 18 Jun-14 4,750 4,330 265 May-15 Apr-15 Mar-15 2011 2012 2013 2014 Jul-15 9,005 12,604 12,158 9,991 6,522 Sep-14 274,374 1,245,406 4,920 4,120 20 Dec-13 19 Nov-13 5,050 4,425 4,675 19,926 21 Oct-13 21 Sep-13 4,000 22,308 193,237 914,203 129,874 616,6564,975 4,350 4,375 14,061 20 Mar-14 20 Feb-14 Jan-14 204,820 4,175 4,400 32,248 151,840 680,984 4,625 4,200 4,560 34,928 187,729 840,663 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 4,500 3,825 4,475 19,230 218,111 902,451 5,550 4,425 5,000 14,741 189,877 947,949 4,200 3,775 3,875 23,466 23 Aug-13 17 Jul-13 4,950 3,475 3,975 22,430 22 Jun-13 19 May-13 5,500 4,850 5,350 19,669 5,450 4,325 4,325 26,256 227,366 1,090,451 183,716 958,295 Dec-12 4,325 3,950 4,150 16,535 22 Nov-12 20 Oct-12 4,550 3,975 4,450 4,700 4,225 4,300 216,605 931,478 217,527 962,649 18,786 17,677 Jul-12 20,476 18,714 297,106 1,049,276 278,456 1,072,492 3,950 3,500 3,650 27,387 311,055 Sep-12 20 Aug-12 3,750 3,325 3,500 4,275 3,450 4,250 Mar-12 Feb-12 Jan-12 4,350 4,000 3,775 3,150 21 3,900 3,500 3,600 4,425 3,550 4,300 24,831 311,040 Apr-12 Jun-12 4,125 789,842 4,200 3,325 3,375 AKRA 1,350 3,000 3,475 3,025 4,150 4,375 4,120 5,750 3,950 4,700 4,110 385 217 247 27,389 383,691 600,618 22,274 343,580 527,701 May-12 275 251 1,278 6,100 2,1412,6373,2974,083 3,100 2,450 2,650 33,390 1,302,769 22,274 284,426 1,042,116 3,075 2,900 3,025 414,607 1,404,452 1,710 3,475 21,238 3,650 3,000 3,650 39,838 23,693 339,968 271,922 463,554 21,474 339,089 1,014,240 Nov-11 Oct-11 Sep-11 2,775 1,730 1,390 21,826 1,720 2,200 1,770 2,125 1,630 1,350 1,560 25,252 2,150 2,400 21 20 317,985 950,762 1,840 13,847 615,401394,286 22 20 21 21,997 339,598 863,164 22,226 24,160 23 24,988 759,571 20 18227,243 19 21 1,151,428 224,399 226,058 935,688 20 21 21 21 21 19 22 18 5,150 17,228 166,257 851,310 315,427 1,245,106 1,580 1,840 3,125 2,200 3,025 3,050 378,575 948,766 23,979 243,621 1,019,079 19,868 352,872 589,727 1,011,851 13,270 258,481 4,650 3,500 204,324 972,950 275,681 1,093,424 5,350 4,000 4,850 19,727 6,100 4,625 5,300 31,480 288,147 1,525,542 5,350 4,850 245,307 1,040,139 4,925 29,475 160,511 796,156 114,486 645,479 54,597 234,929 1,040,676 4,125 30,225 175,805 178,895 790,70026,447 4,870 768,346 5,200 4,800 5,125 24,742 6,100 4,565 161,693 6,225 5,100 261,347 1,384,596 22,396 111,597 5,200 4,490 4,835 30,860 182,352 874,778 789,077 4,640 4,175 4,125 5,825 5,050 28,569 160,850 853,4935,450 21 5,925 24,500 601,606 19 (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. 495,557 2,100 1,231,547 3,250 2,750 2,850 21 282,903 6.0 12.0 18.0 24.0 30.0 36.0 42.0 48.0 775 1,550 2,325 3,100 3,875 4,650 5,425 6,200 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume AKR Corporindo Tbk. [S]Closing Price* Volume (Mill. Sh) 95.8% 238.2% 28.8% -40% - 40% 80% 120% 160% 200% 240% 280% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Trade, Sevices and Investment Index Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION16
  • 23. Financial Data and Ratios Book End : December Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Current Assets Fixed Assets Other Assets Total Assets Growth (%) Current Liabilities Long Term Liabilities Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Expenses (Income) Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Current Ratio (%) Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) 2,284,080 618,833 615,627 790,563 630,342 AKR Corporindo Tbk. [S] 302,869 430,920 600,059 715,529 830,356 767,582 17,787,552 20,412,678 20,970,288 20,736,407 9,123,673 1,018,398 1,261,276 1,367,641 1,149,310 648,250 810,094 605,242 2,339,138 775,371 969,250 756,333 632,426 2,331,631 62.80 674,053 0.60 1.48 5.34 16.05% -7.56% 145,838 190,849 65.09 1,523.18 755,870 980,588 -72.91% -0.52% 206.99 0.54 1.20 100.00 2,293,427 3.162.63 168.59 1,093.03 144.19 105.00 12.15 0.64 1.80 5.25 14.7063.90 5.42 3.80 37.50 135.73 4.73 5.82 3.83 2.86 62.28 600.06 649,314 0.57 1.32 27.49 Dec-11 Dec-12 Dec-13 11.19 136.78 4.06 153.63 13.26 7.71 1,063,170 788,814 24,443 -20,673 -37,581 739,972 809,682 733,053 17.76% 27.40% 7,756,125 117.14 115.00 6.12 Dec-11 Dec-12 2,222,920 935.30 7.68 6.14 Dec-14 739,586 28.42% 108.67 38.51% 202,780 3.52 -69,826 -6,266 993,344 782,548 152,207 Jun-15 3.44 2.76 68.84 4,522,826 695,937 360,496 1,731,920 11.15% 18.51% 5,670,401 Dec-13 Dec-14 Jun-15 7.44 225.00 1.69 130.00 1,793.12 8.92 18,805,950 21,673,954 22,337,928 22,468,328 10,272,983 15.25% 3.06% 0.58% 2.53 167.04 1,382.00 0.63 1.73 4.21 11.48 117,426 2,931,851 3,289,047 3,845,417 4,332,467 3,574,704 4,209,740 5,363,161 5,961,183 7,064,394 3,822 3,851 3,881 3,914 3,940 100 100 100 100 100 750,000 750,000 750,000 750,000 750,000 382,199 385,144 388,073 391,364 393,971 22.33% -4.74% -4.33%60.09% 4,226,692 4,390,207 873,528 2,435,399 2,676,688 2,646,978 2,778,241 7,577,785 17,761 8,308,244 11,787,525 4,733,540 9,269,980 14,791,917 15,513,036 8,830,735 8,448,642 6,183,756 AKRA 1,329,789 2,189,012 3,224,397 4,351,773 4,350,615 4,411,095 1,884,943 820,065 896,591 1,222,825 Dec-11 41.88% 24.14% 1.09% 4.88% 3,860,012 5,142,386 6,593,292 40,371 24,372 20,218 5,239,361 7,414,601 7,723,315 6,719,745 21,220 14,633,141 2,437,215 3,177,350 Dec-12 Dec-13 Dec-14 Jun-15 1,250,135 1,415,169 1,823,246 934,877 1,036,754 - 3,250 6,500 9,750 13,000 16,250 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 3,575 4,210 5,363 5,961 7,064 2011 2012 2013 2014 Jun-15 -141 1,300 2,741 4,182 5,623 7,064 TOTAL EQUITY (Bill. Rp) 18,806 21,674 22,338 22,468 10,273 2011 2012 2013 2014 Jun-15 -449 4,134 8,718 13,301 17,885 22,468 TOTAL REVENUES (Bill. Rp) 2,284 619 616 791 630 2011 2012 2013 2014 Jun-15 -46 420 886 1,352 1,818 2,284 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 17
  • 24. ASTRA INTERNATIONAL TBK. Company Profile PT Astra International Tbk. was established in 1957 as PT Astra International Incorporated.  In 1990, the company changed its name to PT Astra International Tbk.    The scope of the company’s activities as set out in its Articles of Association are to engage  in  general  trading,  industry,  mining,  transportation,  agriculture,  construction  and  consultancy services. The subsidiaries’ main activities are the assembly and distribution of  automobiles,  motorcycles  and  related  spare  parts,  heavy  equipment  sales  and  rentals,  mining and related services, development of plantation, financial services, infrastructure,  and information technology.    The  Companys’s  largest  shareholder  is  Jardine  Cycle  &  Carriage  Ltd.  is  a  subsidiary  of  Jardine Maheson Holdings Ltd, a company incorporated in Bermuda.    As at 30 June 2015, the Company and its subsidiaries had 156,127 employees.  August 2015 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. ASII C O M P A N Y R E P O R T RESEARCH AND DEVELOPMENT DIVISION18
  • 25. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Miscellaneous Industry (4) Listed Shares : Industry Sub Sector : Automotive And Components (42) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT Securities Administration Bureau : Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS Budi Setiadharma Anthony John Liddell Nightingale Benjamin William Keswick Chiew Sin Cheok David Alexander Newbigging Jonathan Chang Kyoichi Tanada *) Mari Elka Pangestu *) Mark Spencer Greenberg Muhamad Chatib Basri *) Sidharta Utama *) *) Independent Commissioners BOARD OF DIRECTORS Prijono Sugiarto Bambang Widjanarko Santoso Djoko Pranoto Djony Bunarto Tjondro Gunawan Geniusahardja Johannes Loman Simon Collier Dixon Sudirman Maman Rusdi Suparno Djasmin Widya Wiryawan AUDIT COMMITTEE Muhamad Chatib Basri ISSUED HISTORY Chiew Sin Cheok Listing Trading Harry Wiguna Type of Listing Date Date Inget Sembiring : CORPORATE SECRETARY : Gita Tiffany Boer : : HEAD OFFICE : : : Phone : (021) 653-10418 : Fax : (021) 653-04957 : : Homepage : www.astra.co.id Email : gita.tiffanyboer@ai.astra.co.id 11. Option I Conversion 16,203,924 T: 31-Jul-01 26-Apr-02 12. Option II Conversion 30,903,088 T: 26-Apr-02 25-May-04 9. Right Conversion 262,168,650 T: 24-Apr-00 19-Jan-04 10. Option I 8,637,003 T: 16-Oct-00 16-Feb-01 7. CB Conversion 280,837 T: 12-Mar-97 07-Aug-97 8. Stock Split 37,598,029,063 T: 01-Sep-97 05-Jun-12 5. Right Issue 1,453,219,775 T: 03-Jan-94 21-Jan-03 6. Bonus Shares 871,912,800 08-Sep-94 08-Sep-94 3. Company Listing 184,893,000 T: 18-Dec-91 02-Jan-92 4. Koperasi 2,500,000 T: 18-Dec-91 31-Dec-99 1. First Issue 30,000,000 04-Apr-90 04-Apr-90 2. Partial Listing 24,805,000 T: 04-Apr-90 04-Oct-90 2014 152.00 06-May-15 07-May-15 11-May-15 29-May-15 F No. Shares 2013 152.00 22-May-14 23-May-14 28-May-14 12-Jun-14 F 2014 64.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 I 2012 150.00 20-May-13 21-May-13 23-May-13 07-Jun-13 F 2013 64.00 10-Oct-13 11-Oct-13 17-Oct-13 31-Oct-13 I 2011 1,380.00 16-May-12 21-May-12 23-May-12 06-Jun-12 F 2012 66.00 18-Oct-12 19-Oct-12 23-Oct-12 07-Nov-12 I 2010 470.00 27-Oct-10 28-Oct-10 01-Nov-10 15-Nov-10 I 2011 600.00 26-Oct-11 27-Oct-11 31-Oct-11 14-Nov-11 I 2008 570.00 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F 2009 830.00 16-Jun-10 17-Jun-10 21-Jun-10 05-Jul-10 F 2007 160.00 29-Oct-07 30-Oct-07 01-Nov-07 15-Nov-07 I 2008 300.00 28-Oct-08 29-Oct-08 31-Oct-08 14-Nov-08 I 2006 150.00 20-Oct-06 30-Oct-06 01-Nov-06 15-Nov-06 I 2006 290.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 F 2005 100.00 09-Nov-05 10-Nov-05 14-Nov-05 24-Nov-05 I 2005 340.00 15-Jun-06 16-Jun-06 20-Jun-06 04-Jul-06 F 2004 100.00 01-Nov-04 02-Nov-04 04-Nov-04 12-Nov-04 F 2005 270.00 16-Jun-05 17-Jun-05 21-Jun-05 04-Jul-05 2003 50.00 01-Dec-03 02-Dec-03 04-Dec-03 18-Dec-03 I 2003 170.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F 1995 90.00 25-Jun-96 26-Jun-96 04-Jul-96 31-Jul-96 F 1996 120.00 30-Jun-97 01-Jul-97 09-Jul-97 29-Jul-97 F 01-Aug-94 08-Aug-94 07-Sep-94 F 1994 80.00 22-Jun-95 23-Jun-95 03-Jul-95 31-Jul-95 F Jln. Gaya Motor Raya No. 8 Sunter Jakarta Bonus F/I Year 100.00 05-Nov-90 06-Nov-90 13-Nov-90 27-Nov-90 I 1991 125.00 17-Jun-92 18-Jun-92 25-Jun-92 24-Jul-92 F 1992 100.00 01-Jul-93 02-Jul-93 7. 8. 9. 10. 1. 2. 3. 4. AMDI Building 3. 4. 5. 8. 9. 1. 2. 3. 4. 5. 6. PT Raya Saham Registra Plaza Central Building 2nd Fl. 1. 2. 10. 11. 09-Jul-93 09-Aug-93 F 1993 225.00 13-Jun-94 14-Jun-94 21-Jun-94 21-Jul-94 F 1993 1 : 3 29-Jul-94 Astra International Tbk. [S] 1990 16-Dec-91 03-May-91 10-Jun-91 20-Nov-91 Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 100.00 12-Nov-91 13-Nov-91 6. 150.001990 ASII 269,215,628,381,000 40,483,553,140 4,755.537 1. 50.11% 13-May-91 7. F I Shares 2. 1991 02-May-91 Jardine Cycle & Carriage Limited Public (<5%) 20,288,255,040 20,195,298,100 49.89% 20-Feb-1957 04-Apr-1990 5 | 269.2T | 5.43% | 31.37% 4 | 63.3T | 4.30% | 20.26% RESEARCH AND DEVELOPMENT DIVISION 19
  • 26. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action Astra International Tbk. [S] 21 Mar-11 Feb-11 Month Aug-14 8,100 7,000 23 22 Day 48,900 High Low Close 58,250 52,300 57,000 Jan-11 Jun-11 53,600 May-11 Jul-11 Aug-11 75,950 Apr-11 Dec-11 22 19Jul-15 21 198,575 7,950 6,950 7,300 21 20Nov-14 7,850 80,784 6,700 6,850 81,4636,650 8,050 2,576,235 8,575 3.95 3.43 2.59 2.60 2.18 1,094,749 8,817,908 Jun-15 62,675 381,032 14.44 19.85 74,000 7,600 6,800 246 244 242 142 75,950 7,475 6,850 7,425 6,325 6,650 Feb-15 Jan-15 14.03 13.70 14.18 15.56 16.72 12.24 18.33 13.91 Oct-14 7,125 59,454 514,4577,200 6,700 20Dec-14 7,075 6,325 3,588,238 20 May-14 18 Apr-14 8,050 7,350 7,425 91,055 20 797,969 6,102,553 8,000 7,550 7,575 67,060 493,646 3,789,351 1,107,076 8,532,595 7,800 7,325 7,725 70,195 21 Jul-14 18 Jun-14 8,050 7,275 532 May-15 Apr-15 Mar-15 2011 2012 2013 2014 Jul-15 74,318 73,719 66,334 71,070 40,339 Sep-14 804,490 6,050,554 8,175 7,425 20 Dec-13 19 Nov-13 6,850 6,150 6,250 54,611 21 Oct-13 21 Sep-13 6,450 69,701 553,688 3,722,910 490,150 3,116,5816,850 6,050 6,800 41,591 20 Mar-14 20 Feb-14 Jan-14 207,400 6,250 6,425 86,235 784,137 5,339,224 7,000 6,225 6,950 81,243 984,624 6,596,656 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 8,000 7,400 7,950 39,847 683,833 5,281,553 8,300 7,500 7,900 54,594 849,305 6,681,437 7,900 7,300 7,350 56,816 23 Aug-13 17 Jul-13 6,800 5,100 6,050 58,095 22 Jun-13 19 May-13 7,550 6,900 7,050 62,249 6,950 6,300 6,500 50,329 667,841 4,413,435 1,230,559 8,777,900 Dec-12 7,700 6,800 7,600 58,107 22 Nov-12 20 Oct-12 8,300 7,250 8,050 8,000 7,200 7,250 931,778 7,387,900 832,310 6,351,667 47,388 59,594 Jul-12 41,289 44,874 635,813 4,486,738 694,972 5,034,167 7,100 6,250 7,000 65,520 943,478 Sep-12 20 Aug-12 7,400 6,600 6,750 7,550 6,700 7,400 Mar-12 Feb-12 Jan-12 77,100 70,650 64,200 6,400 21 79,200 67,100 70,850 74,200 68,750 73,950 48,766 83,919 Apr-12 Jun-12 71,000 6,070,144 74,250 64,200 64,300 ASII 45,250 6,250 5,100 7,400 7,600 6,800 7,425 6,650 6,225 79,650 6,325 928 518 247 72,728 188,808 9,245,116 40,364 99,865 5,492,743 May-12 610 669 5,328 8,300 9,8289,5086,2091,245 72,750 60,850 66,150 67,327 9,085,095 68,125 130,669 9,466,255 75,000 68,300 74,000 60,335 4,672,194 56,150 6,850 61,324 79,650 73,500 78,900 31,100 46,178 57,371 90,988 133,636 35,963 7,289,652 6,242,152 Nov-11 Oct-11 Sep-11 71,800 55,050 45,250 64,822 58,500 64,250 55,950 63,550 53,450 47,400 52,050 33,641 55,000 63,650 21 20 67,618 4,676,338 62,150 38,264 5,134,33891,805 22 20 21 64,076 121,029 7,758,524 51,096 35,960 23 40,280 6,582,050 20 18146,051 19 21 6,342,540 816,809 918,874 6,627,662 20 21 21 21 21 19 22 18 7,350 52,759 694,670 5,273,240 830,431 6,337,529 55,800 58,750 70,000 57,300 69,000 70,500 84,447 5,852,767 37,681 68,944 5,052,940 31,103 79,319 4,668,750 4,137,042 29,158 74,147 7,500 5,400 662,358 4,332,899 1,169,088 7,443,312 7,250 6,300 6,650 54,573 7,200 6,150 7,000 73,759 1,015,404 6,914,932 8,000 7,150 660,601 4,038,190 6,775 92,669 963,442 6,379,608 735,267 5,126,440 65,313 623,730 4,447,913 7,075 76,478 925,623 680,106 4,942,66572,784 7,850 5,401,520 8,575 7,800 8,575 77,266 7,150 7,450 692,429 7,350 6,550 962,611 7,475,288 64,001 657,248 8,000 6,725 7,375 94,022 1,300,924 9,611,270 6,955,904 7,525 7,075 7,075 7,750 6,950 71,620 652,110 4,783,6837,050 21 7,075 79,359 4,891,329 19 (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. 4,395,238 64,600 5,984,168 72,000 65,500 70,900 21 100,835 30 60 90 120 150 180 210 240 1,250 2,500 3,750 5,000 6,250 7,500 8,750 10,000 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Astra International Tbk. [S]Closing Price* Volume (Mill. Sh) 21.5% 22.2% 28.8% -20% -10% - 10% 20% 30% 40% 50% 60% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Miscellaneous Industry Index Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION20
  • 27. Financial Data and Ratios Book End : December Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Current Assets Fixed Assets Other Assets Total Assets Growth (%) Current Liabilities Long Term Liabilities Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Expenses (Income) Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Current Ratio (%) Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) 21,077,000 22,742,000 22,297,000 22,125,000 9,758,000 Astra International Tbk. [S] 14,202,000 8,302,000 7,788,000 - - - 130,530,000 151,853,000 158,569,000 162,892,000 74,587,000 32,034,000 36,200,000 35,311,000 17,918,000 19,417,000 19,181,000 8,052,000 18,058,000 19,053,000 20,137,000 18,867,000 8,840,000 21,348,000 45.59 10,517,000 0.49 0.96 9.37 4,695,000 5,156,000 - 2,972.17 22,460,000 23,708,000 7.90% -1.96% 473.80 0.49 0.96 - 17,785,000 2.913.18 479.73 2,218.53 139.91 216.00 12.97 0.51 1.03 12.48 25.3227.79 19.71 - 45.07 136.40 - 19.25 - 12.09 45.03 4,393.14 19,421,000 0.51 1.02 13.73 Dec-11 Dec-12 Dec-13 19.37 134.84 4.02 198.90 18.39 19.24 - - - - - 25,772,000 27,898,000 27,523,000 18.43% 18.23% 98,223,000 124.20 216.00 18.21 Dec-11 Dec-12 55,628,000 18,733.04 - 10.55 Dec-14 22,151,000 -0.77% 132.26 5,227,000 10.97 - - 27,352,000 12,073,000 2,315,000 Jun-15 - 11.50 45.04 41,932,000 11,457,000 6,209,000 38,809,000 13.31% 2.75% 72,842,000 Dec-13 Dec-14 Jun-15 2.68 1,980.00 - 216.00 3,053.86 7.89 162,564,000 188,053,000 193,880,000 201,701,000 92,505,000 15.68% 3.10% 4.03% 2.84 479.63 2,622.99 0.50 1.02 10.42 21.00 5,226,000 66,289,000 77,076,000 87,459,000 89,242,000 75,838,000 89,814,000 106,188,000 120,324,000 123,631,000 4,048 40,484 40,484 40,484 40,484 500 50 50 50 50 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 2,024,178 2,024,178 2,024,178 2,024,178 2,024,178 16.60% 7.33% 2.95%19.02% 37,862,000 41,250,000 29,312,000 38,282,000 36,667,000 42,182,000 46,280,000 92,460,000 3,110,000 153,521,000 182,274,000 77,683,000 107,806,000 236,029,000 242,753,000 115,705,000 119,122,000 73,523,000 ASII 13,111,000 37,405,000 38,608,000 51,645,000 54,759,000 55,468,000 11,055,000 18,557,000 20,902,000 20,007,000 Dec-11 18.73% 17.40% 10.30% 2.85% 48,371,000 54,178,000 71,139,000 1,043,000 1,824,000 2,490,000 65,978,000 75,799,000 88,352,000 97,241,000 2,869,000 213,994,000 28,604,000 34,326,000 Dec-12 Dec-13 Dec-14 Jun-15 11,990,000 15,285,000 14,433,000 16,986,000 16,924,000 - 50,000 100,000 150,000 200,000 250,000 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 75,838 89,814 106,188 120,324 123,631 2011 2012 2013 2014 Jun-15 -2,473 22,748 47,969 73,190 98,410 123,631 TOTAL EQUITY (Bill. Rp) 162,564 188,053 193,880 201,701 92,505 2011 2012 2013 2014 Jun-15 -4,034 37,113 78,260 119,407 160,554 201,701 TOTAL REVENUES (Bill. Rp) 21,077 22,742 22,297 22,125 9,758 2011 2012 2013 2014 Jun-15 -455 4,185 8,824 13,463 18,103 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 21
  • 28. ALAM SUTERA REALTY TBK. Company Profile   PT  Alam  Sutera  Realty  Tbk.  was  established  on  November  3rd ,  1993.  The  Company  commenced its operational activity and purchased the land in 1999.     The Company’s activities are developing and manage housing. Group is domiciled at Wisma  Argo  Manunggal,  Jln.  Jend.  Gatot  Subroto  Kav.  22,  Jakarta  and  has  real  estate  projects  which are located in:   Kec.  Serpong, Kab.  Tangerang,  and  Kec.  Pasar  Kemis,  Kab.  Tangerang, Province  Banten,   Kec. Cibitung, Kab Bekasi, Province West Java,   Kec. Setia Budi, Jakarta Selatan,   Kec. Kuta Selatan, Badung, Bali.    And owns lands for development located in:   Kec. Pinang, Kec. Pasar Kemis, Kab. Tangerang, Province Banten,   Kec. Pacet, Kab. Cianjur, Province West Java   Kec. Tanjung Pinang, Province Riau,   Kec. Denpasar Selatan and Badung, Bali.    The main real estate project owned by the Company and Subsidiaries recently are Alam  Sutera  Residential  and  Commercial  projects  in  Serpong,  and  Suvarna  Padi  and  Suvarna  Sutera projects in Pasar Kemis, Tangerang.     Alam Sutera believes that all the development efforts must take environmental issues into  account seriously. The eco‐friendly development meant more than a marketing gimmick— it  is  the  company’s  commitment.  The  Company  is  committed  to  do  their  part  in  the  handling  of  millions  of  tons  of  pollution  in  their  environment  every  day,  by  setting  an  example how to develop a sustainable green community.    The  Company  has  direct  ownership  in  subsidiaries:  PT  Delta  Mega  Persada,  PT  Duta  Prakarsa  Development,  PT  Nusa  Cipta  Pratama,  PT  Garuda  Adhimatra  Indonesia,  PT  Tangerang Matra Real Estate, Alam Sutera International Pte. Ltd., and Alam Synergy Pte.  Ltd.    The Company and subsidiaries had 1,463 employees as of 30 June 2015. August 2015 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. C O M P A N Y R E P O R T ASRI RESEARCH AND DEVELOPMENT DIVISION22
  • 29. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares : Industry Sub Sector : Property And Real Estate (61) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : : PT Ciptadana Securities : Securities Administration Bureau : DIVIDEND ANNOUNCEMENT Cash Recording Payment Dividend Cum Date Ex Date Date Date Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS Harjanto Tirtohadiguno Angeline Sutedja The Nicholas Pingki Elka Pangestu *) ISSUED HISTORY Prasasto Sudyatmiko *) Listing Trading *) Independent Commissioners Type of Listing Date Date BOARD OF DIRECTORS Purbaja Pantja Andrew Charles Walker Benny Redjo Setyono Joseph Sanusi Tjong Lilia Setiprawarti Sukotjo RM Frangky AD AUDIT COMMITTEE Prasasto Sudyatmiko Hidajat Hoesni Sri Wahyuni Sujono CORPORATE SECRETARY Vincent T.W. Sjahbana HEAD OFFICE Phone : (021) 3043-8888, 252-3838 Fax : (021) 252-5050 Homepage : www.alam-sutera.com Email : corsec@alam-sutera.com 23. Additional Listing without RI 1,786,310,000 25-Jan-12 25-Jan-12 21. Warrant 1,695,000 21-Dec-09 21-Dec-09 22. Warrant 30,412,500 28-Dec-09 28-Dec-09 19. Warrant 277,976,000 14-Dec-09 14-Dec-09 20. Warrant 15,000,000 15-Dec-09 15-Dec-09 17. Warrant 388 03-Dec-09 03-Dec-09 18. Warrant 27,500,000 10-Dec-09 10-Dec-09 15. Warrant 60,000,000 24-Nov-09 24-Nov-09 16. Warrant 27,500,000 26-Nov-09 26-Nov-09 13. Warrant 63,108,500 29-Oct-09 29-Oct-09 14. Warrant 15,000,000 03-Nov-09 03-Nov-09 11. Warrant 45,500,000 27-Oct-09 27-Oct-09 12. Warrant 27,500,000 28-Oct-09 28-Oct-09 9. Warrant 3,325,000 14-Oct-09 14-Oct-09 10. Warrant 55,000,000 23-Oct-09 23-Oct-09 7. Warrant 20,000,000 28-Jul-09 28-Jul-09 8. Warrant 250,000 12-Oct-09 12-Oct-09 1. 1. Wisma Argo Manunggal 18th Fl. 3. PT Tangerang Fajar Industrial Estate 1,971,650,000 10.03% 4. Public (<5%) 9,698,921,524 49.36% F/I No. Shares 1. First Issue 3,142,000,000 18-Dec-07 18-Dec-07 Company Listing 13,986,810,000 18-Dec-07 01-Jul-15 03-Jul-15 24-Jul-15 F30-Jun-15 PT Manunggal Prime Development Tangerang Fajar Industrial Estate 4,996,390,364 2,982,450,000 15.18% 03-Nov-1993 18-Dec-2007 Shares 3. ASRI 9,922,953,003,440 19,649,411,888 480.952 1. 25.43% 2. Alam Sutera Realty Tbk. [S] PT Raya Saham Registra 1. 5. 6. 2. 3. 2011 6.13 Plaza Central Building 2nd Fl. 2. Year Bonus Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 3. 4. 5. 4. 2. 2014 7.00 Jln. Jend. Gatot Subroto Kav. 22 Jakarta 12930 2008 0.69 2010 4.03 03-Jul-09 06-Jul-09 09-Jul-09 24-Jul-09 F 2009 1.05 20-Jul-10 21-Jul-10 23-Jul-10 06-Aug-10 F 01-Jul-11 04-Jul-11 06-Jul-11 20-Jul-11 F 06-Jul-12 10-Jul-12 24-Jul-12 F 2012 14.60 25-Jun-13 26-Jun-13 28-Jun-13 12-Jul-13 F 05-Jul-12 2. 3. Warrant 4,974,500 11-Jun-09 11-Jun-09 4. Warrant 40,050,000 18-Jun-09 18-Jun-09 18-Aug-08 5. Warrant 1,000,000 19-Jun-09 19-Jun-09 6. Warrant 18,500,000 22-Jun-09 22-Jun-09 84 | 9.92T | 0.20% | 83.42% 36 | 12.4T | 0.84% | 64.58% RESEARCH AND DEVELOPMENT DIVISION 23
  • 30. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action 575 39,772 1,309,474 732,783 Jul-15 (Thou. Sh.) Volume (Million Rp) Value (X) Closing Price Freq. Month 18,406 1,383,018 470 395 21625 1,266,002 700,001585 505 505 31,143 1,623,053 675 525 555 61,613 2,758,825 1,604,821 610 497 560 595 29,139 1,821,531 1,069,965 700 585 670 36,985 2,518,964 2,225,772 1,155,784 570 497 510 36,313 1,908,074 1,010,420 4,867,653 3,050,634 2,264,238 1,407,217 760 450 800 650 680 560 595 54,398 2,986,797 2,636,209 700 45,919 1,984,976 1,452,171 600 58,331 3,063,421 1,822,815 810 600 770 28,260 2,758,752 2,724,524 2,093,327 2,178,327 28,541 1,985,545 910,746 2,734,556 1,274,455 1,070 36,275 2,210,093 1,173,362 2,653,169 1,535,319 1,766,756 1,065,978 30,974 26,538 15,187 540 22,850 1,453,973 832,432 26,234 3,013,912 1,651,814 1,272,835630 560 620 22,571 2,116,918 600 28,484 1,831,503 1,099,178 3,163,247 1,462,365 3,459,789 24,608 25,423 2,016,360 1,143,722 2,374,352 31,786 2,106,554 934,363 1,508,461 811,334 894,522 370,811 899,084 24,237 2,168,218 21 20 21 21 21 21 20 628,154 10,749 12,896 1,311,172 398,549 1,006,591265 22 20 21 20 19 12,324 Sep-11 440 45,657 21,840 425 570 340 520 480 430 460 455 485 Jul-11 Aug-11 450 315 May-12 Mar-12 Feb-12 Jan-12 650 560 610 480 Apr-12 620 510 Jan-11 Apr-11 Mar-11 Dec-11 Jun-11 May-11 500 340 435 420 385 Feb-11 345 305 325 450 360 420 295 325 280 310 Nov-11 Oct-11 ASRI Alam Sutera Realty Tbk. [S] 20 Aug-12 495 430 440 520 410 495 570 455 21 22 Jun-12 490 27,226 4,923,539 2,336,855 520 455 460 27,925Jul-12 1,557,100 754,451 18Dec-12 640 550 600 15,745 22 Nov-12 20 Oct-12 580 470 580 620 550 610 21 19 Sep-12 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 970 750 930 26,881 1,503,613 1,299,168 1,160 930 1,090 970 1,050 41,384 2,555,637 23 Aug-13 17 Jul-13 830 445 550 45,493 22 Jun-13 19 May-13 1,130 1,020 1,060 43,176 1,080 720 750 65,671 4,696,607 4,021,982 2,136,655 2,296,257 20 Dec-13 19 Nov-13 610 455 475 43,705 21 Oct-13 21 Sep-13 1,091,598 800,565 2,060,989 530 425 430 32,921 1,686,157 700 560 610 43,176 20 Mar-14 20 Feb-14 Jan-14 20550 424 510 53,655 2,182,118 1,083,703 605 500 575 46,156 2,449,458 1,364,848 1,854,302 Jul-14 18 Jun-14 560 440 525 53,818 20 May-14 18 Apr-14 645 525 530 44,870 1,895,164 1,085,403 550 494 500 34,759 1,321,748 683,943 499 21435 442 38,963 782,146 360,303 22 Apr-15 21 Mar-15 21 Feb-15 19 Jan-15 20Dec-14 1,743,85648,903 22 Aug-14 620 550 23490 430 510 451 455 40,311 906,677 20 Sep-14 464 49,400 1,057,391 484,283 565 442,646 834,439560 43,394 1,656,102 247 2.95 2.49 1.58 1.81 1.47 505 1,160 424 242 142 460 600 430 560 505 680 700 225 410 425 500 13.63 9.69 650 500 460 600 430 560 9.64 10.08 222.43 11.09 17.34 9.57 16.29 17.42 244 297 511 3,168,955246 244 2011 2012 2013 2014 Jul-15 7,571 15,370 24,781 12,104 7,873 20,150 13,04722,54031,67229,410 Oct-14 Jun-15 20 19 545 264 Nov-14 May-15 444 2,218,790 1,396,763 675 600 600 28,356 1,153,314 745,260 19 680 545 615 36,708 500 Day 23 High Low Close 245 590,906 142,9839,005 19,196 1,651,106 445,752 12,373 937,975 310 230 245 21 21 18 305 255 225 290 240 285 249,543 287,673 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 150 300 450 600 750 900 1,050 1,200 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Alam Sutera Realty Tbk. [S]Closing Price* Volume (Mill. Sh) 147.2% 65.6% 28.8% -40% - 40% 80% 120% 160% 200% 240% 280% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Property, Real Estate and Bulding Construction Index January 2011 - July 2015 Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION24
  • 31. Financial Data and Ratios Book End : December Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd) BALANCE SHEET (Million Rp except Par Value) Cash & Cash Equivalents Receivables Inventories Investment Fixed Assets Other Assets Total Assets Growth (%) Bank Payable Trade Payable Total Liabilities Growth (%) Authorized Capital Paid up Capital Paid up Capital (Shares) Par Value Retained Earnings Total Equity Growth (%) INCOME STATEMENTS Total Revenues Growth (%) Cost of Revenues Gross Profit Operating Expenses Operating Profit Growth (%) Other Income (Expenses) Income before Tax Tax Profit for the period Growth (%) Period Attributable Comprehensive Income Comprehensive Attributable RATIOS Dividend (Rp) EPS (Rp) BV (Rp) DAR (X) DER(X) ROA (%) ROE (%) GPM (%) OPM (%) NPM (%) Payout Ratio (%) Yield (%) 795,658 45,000 230,000 300,000 Jun-15 2,400,000 2,400,000 2,400,000 2,400,000 2,400,000 92.96% 69.79% 12.68% 19.49% 6.22% 100 100 100 100 100 17,209,828 16.02% -1.05% 14,428,083 79,577 889,577602,737 7.00 59.90 0.61 1.54 - 23.12 344.40 - 44.62 271.35 0.63 1.71 1,097,418 455,363 1,216,092 1,176,955 535,628 101.76% 536,584 601,654 889,577 1,176,955 454,357 -26.85% 32.31% -2.43 41.62 24.15 - - 7.92 79.15 52.54 32.41 11.69 65.37 30.92 - 18.47 63.53 Jun-15Dec-13 Dec-14 0.62 1.66 0.57 1.31 11.11 25.70 3.116.956.17 16.68 49.87 1,192,716 876,785 1,176,955 1.33 6.13 33.68 156.01 0.54 1.16 10.03 602,737 1,216,092 24.05 Dec-11 Dec-12 59.96 51.26 49.71 324.24 60.70 240.82 1.25 14.60 43.64 50.22 18.20 601,654 1,192,716 876,785 21.63 58.97 68,407 128,103 192,199 107,233 -22,477 90,182 -451,445 -521,999 -489,787 24.43% 208,812 671,143 1,344,195 1,081,776 1,385,767 642,860 120,770 212,884 304,204 398,953 238,758 566,656 979,517 1,846,814 1,324,196 361,173 814,391 1,466,897 1,837,425 2,306,718 1,371,405 80.79% 22.27% 977,938 2,050,204 2,640,107 3,599,980 3,917,796 2,786,872 4,731,875 5,331,785 6,371,194 6,767,239 1,381,046 2,446,414 3,684,240 3,630,914 1,732,578 77.14% 50.60% -1.45% Dec-11 Dec-12 Dec-13 Dec-14 305,068 806,319 11,619 61,186 17,863 19,649 19,649 19,649 19,649 ASRI 844,906 21,596 29,721 84,690 192,197 155,341 1,641,316 890,181 880,754 536,217 Dec-11 6,007,548 10,946,417 - 74,140 46.37% 16,924,367 554,227 Dec-12 Dec-13 Dec-14 2,395,213 1,661,094 937,153 930,602 Alam Sutera Realty Tbk. [S] 341,514 708,121 801,678 957,762 1,062,471 Jun-15 1,331,356 3,220,676 6,214,543 35,519 82.21% 31.81% - - - - 17.30% 1.69% 9,096,298 10,553,173 10,442,588 35,257 165,089 160,587 693,620 1,254,013 1,533,221 1,907,766 1,132,647 1,786,310 1,964,941 1,964,941 1,964,941 1,964,941 - 3,500 7,000 10,500 14,000 17,500 2011 2012 2013 2014 Jun-15 Assets Liabilities TOTAL ASSETS AND LIABILITIES (Bill. Rp) 2,787 4,732 5,332 6,371 6,767 2011 2012 2013 2014 Jun-15 -135 1,245 2,626 4,006 5,387 6,767 TOTAL EQUITY (Bill. Rp) 1,381 2,446 3,684 3,631 1,733 2011 2012 2013 2014 Jun-15 -74 678 1,429 2,181 2,933 3,684 TOTAL REVENUES (Bill. Rp) 603 1,216 890 1,177 536 2011 2012 2013 2014 Jun-15 -24 224 472 720 968 1,216 PROFIT FOR THE PERIOD (Bill. Rp) RESEARCH AND DEVELOPMENT DIVISION 25
  • 32. BANK CENTRAL ASIA TBK. Company Profile PT  Bank  Central  Asia  Tbk.  was  established  under  the  name  N.V.  Perseroan  Dagang  dan  Industrie  Semarang  Knitting  Factory  on  October  10th ,  1955.  The  name  has  changed  for  several time, the last change was on May 21st , 1974, which is PT Bank Central Asia.  The  Bank  began  operations  in  banking  since  the  date  of  October  12,  1956.  The  Bank  operates as a commercial bank. Bank engaged in banking and other financial services in  accordance with the regulations applicable in Indonesia.  As  of  June 30th ,  2015, BCA had 972  domestics  branches  and 2  overseas  representatives  located in Singapore and Hong Kong.  BCA  has  direct  and  indirect  ownership  in  subsidiaries:    PT  BCA  Finance,  BCA  Finance  Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, and PT Central  Santosa Finance.  BCA had 23,862 permanent employees.  August 2015 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. BBCA C O M P A N Y R E P O R T RESEARCH AND DEVELOPMENT DIVISION26
  • 33. COMPANY REPORT : JULY 2015 As of 31 July 2015 Main Board Individual Index : Industry Sector : Finance (8) Listed Shares : Industry Sub Sector : Bank (81) Market Capitalization : COMPANY HISTORY SHAREHOLDERS (July 2015) Established Date : : Listing Date : : Under Writer IPO : PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT PT Bahana Securities Cash Recording Payment Securities Administration Bureau : Dividend Cum Date Ex Date Date Date Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS Djohan Emir Setijoso Cyrillus Harinowo *) Raden Pardede *) Sigit Pramono *) Tonny Kusnadi *) Independent Commissioners BOARD OF DIRECTORS Jahja Setiaatmadja Anthony Brent Elam Armand Wahyudi Hartono Dhalia Mansor Ariotedjo Erwan Yuris Ang Eugene Keith Galbraith Henry Koenaifi Rudy Susanto Subur Tan Suwignyo Budiman AUDIT COMMITTEE Cyrillus Harinowo ISSUED HISTORY Ilham Ikhsan Listing Trading Inawaty Suwardi Type of Listing Date Date CORPORATE SECRETARY : Inge Setiawati : : HEAD OFFICE : Phone : (021) 2358-8000 Fax : (021) 2358-8300 Homepage : www.bca.co.id Email : inge_setiawati@bca.co.id investor_relations@bca.co.id 6. Partial Delisting -5,516,000 04-Jan-08 04-Jan-08 Shares 3. Stock Split 21,199,350,480 T: 15-May-01 28-Jan-08 4. Option Conversion 210,852,000 T: 29-Nov-01 09-Nov-06 5. Option Conversion MSOP 89,226,500 T: 04-Aug-03 29-Sep-04 2013 120.00 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F 2014 50.00 04-Dec-14 05-Dec-14 09-Dec-14 23-Dec-14 I 2014 148.00 16-Apr-15 17-Apr-15 21-Apr-15 13-May-15 F Bonus F/I Year 85.00 14-Nov-01 15-Nov-01 20-Nov-01 04-Dec-01 I 2013 45.00 28-Nov-13 29-Nov-13 03-Dec-13 17-Dec-13 I 70.00 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11 31-May-00 31-May-00 2. Company Listing 2,252,146,140 T: 31-May-00 11-Jan-01 No. 1. First Issue 662,400,000 09-Dec-11 23-Dec-11 I 17-Jun-10 2007 04-Dec-07 12-Jun-08 13-Jun-08 17-Jun-08 F 08-Jun-12 11-Jun-12 13-Jun-12 18-Dec-07 I 20-Dec-12 I F 29-Nov-07 30-Nov-07 42.50 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-102010 70.00 31-May-10 01-Jun-10 03-Jun-10 I 2010 2006 06-Dec-11 20-Jul-04 2002 225.00 03-Dec-03 04-Dec-03 2008 17-Nov-09 80.00 19-Jul-05 20-Jul-05 22-Jul-05 2001 07-Jun-06 2007 63.50 55.00 Plaza Central Building 2nd Fl. Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 2. 3. 4. 3. 4. 5. 71.00 28-May-13 29-May-13 31-May-13 17-Jun-13 F PT Raya Saham Registra 1. 27-Jun-12 F I 03-Nov-06 I 27-Jun-07 08-Dec-04 13-Jun-07 5. 2005 1. 8. 9. 19-Dec-03 15-Nov-02 01-Jul-08 30-Jan-09 2011 43.50 2011 113.50 2. 2009 Jakarta 10310 2001 11-Oct-05 09-Jun-06 2012 43.50 04-Dec-12 06-Dec-12 05-Aug-05 07-Dec-11 2012 06-Jun-06 30-Oct-02 08-Dec-03 15-Jan-09 16-Jan-09 20-Jan-09 225.00 11-Oct-06 13-Oct-06 2003 25-Nov-04 08-Jun-07 11-Jun-07 2005 50.00 06-Oct-05 07-Oct-05 2005 90.00 03-Dec-12 3. Menara BCA, Grand Indonesia Jln. M.H. Thamrin No. 1 115.00 2. F BBCA 319,750,814,472,000 24,408,459,120 7,485.714 1. 45.58% 01-Nov-02 6. F F F F 7. 26-Jun-09 F I Shares 06-Jul-04 50.00 22-Nov-04 23-Nov-04 30-Jun-04 01-Jul-04 2004 1. 2. 2008 65.00 09-Jun-09 10-Jun-09 12-Jun-09 Bank Central Asia Tbk. UOB Kay Hian Private Limited For Farindo Investment Public (<5%) 23-Jun-06 F 2006 55.00 10-Oct-06 35.00 11,125,990,000 13,282,469,120 54.42% 2009 40.00 12-Nov-09 13-Nov-09 02-Dec-09 I 25-Oct-05 I 10. 10-Aug-1955 31-May-2000 140.00 29-Oct-02 2 | 319.8T | 6.44% | 13.82% 5 | 52.1T | 3.54% | 23.80% RESEARCH AND DEVELOPMENT DIVISION 27
  • 34. TRADING ACTIVITIES SHARES TRADED Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days Price (Rupiah) High Low Close Close* PER (X) PER Industry (X) PBV (X) * Adjusted price after corporate action May-11 21 21 18 7,650 6,450 5,550 6,300 309,683 Day Feb-11 Dec-11 Jun-11 Jul-11 Aug-11 8,500 7,700 7,700 7,000 23 23 22 4.69 4.32 3.70 4.33 3.95 241 370299 May-15 2011 2012 2013 2014 Jul-15 26,586 29,765 39,776 51,771 30,739 21 21 19 20Dec-14 13,575 12,050 13,125 11,625 13,075 58,544 350,704 20 22 Aug-14 12,800 20.80 8,000 13,100 12,500 9,250 4,5143,9583,7783,674 8,000 9,100 9,600 13,125 651 499 247 246 244 242 142 8,850 9,100 9,600 13,125 13,100 13,575 15,600 5,300 6,750 8,450 9,500 12,650 Nov-14 Oct-14 13,425 Apr-15 13,525 Mar-15 Feb-15 Jan-15 273,651 3,592,271 14,550 13,250 14,100 62,002 18.31 18.86 16.61 19.90 18.72 6.61 6.58 17.20 27.72 20 May-14 18 Apr-14 11,250 10,425 11,000 53,682 20 396,445 4,549,613 11,850 10,950 11,200 49,417 215,348 2,519,575 669,676 7,354,376 11,525 10,775 10,775 45,146 265,133 21 Jul-14 18 Jun-14 11,800 10,875 11,600 44,924 20 Dec-13 19 Nov-13 10,650 9,550 9,650 38,027 21 Oct-13 21 Sep-13 20 Mar-14 20 Feb-14 Jan-14 2010,350 9,250 9,925 57,353 367,092 3,602,939 10,550 9,700 10,225 46,542 430,305 4,418,825 19 Apr-13 22 Mar-13 21 Feb-13 20 Jan-13 11,300 9,650 11,000 22,323 23 Aug-13 17 Jul-13 10,950 8,500 9,050 33,059 22 Jun-13 19 May-13 11,150 10,350 10,350 26,204 662,141 6,634,281 8,850 9,650 8,150 7,450 8,000 18Dec-12 9,500 8,750 9,100 19,730 22 Nov-12 20 Oct-12 8,250 7,800 8,200 9,400 8,150 8,800 322,195 2,599,470 247,495 2,149,295 231,033 2,098,035 Mar-11 May-12 21 19 Sep-12 20 Aug-12 8,050 7,650 7,750 8,150 7,750 7,900 Mar-12 Feb-12 Jan-12 8,250 7,750 7,500 6,750 21 22 8,250 7,200 7,600 Close 7,000 6,300 BBCA 36,521 515,715 3,024,334 2,216 Apr-12 Jun-12 7,450 13,375 53,863 Nov-11 Oct-11 Sep-11 8,500 8,250 7,850 8,000 20,524 Sep-14 Jul-12 17,988 15,210 17,126 6,650 5,300 5,650 High Low 21 2017,083 19 1,855,71319,474 217,742 3,714,097 17,092 193,852 284,722 2,292,976 6,950 Jan-11 Apr-11 1,685,625 22 20 21 6,950 7,700 33,396 339,968 2,651,632 7,400 7,500 7,000 7,100 8,150 7,050 8,100 1,572,104 1,561,623 7,900 28,088 360,677 2,850,162 8,250 7,700 8,000 21,965 301,403 2,028,622 34,730 493,690 3,726,985 16,724 19,416 205,970 1,481,677 1,543,490 29,893 8,300 22,050 235,954 1,889,559 8,850 7,250 8,000 37,790 465,218 6,800 16,480 430,418 3,358,206 284,480 2,266,305 11,250 10,450 10,750 10,350 7,550 311,498 2,412,690 20 8,400 398,309 2,996,959 21 20 21 21 21 20,067 215,749 236,761 7,000 7,000 8,000 14,002 1,894,521 8,100 216,573 2,967,458 11,400 10,700 11,000 43,261 268,220 2,959,465 4,353,955 3,745,157 63,765 241,069 13,050 69,752 587,562 7,528,035 12,500 13,100 58,896 286,375 3,172,351 22,825 280,620 2,589,237 7,300 21,978 289,274 2,085,318 8,050 7,250 8,000 20,559 343,483 2,611,726 10,000 46,266 10,150 10,600 59,990 436,023 4,599,025 521,956 5,000,323 10,450 9,100 10,400 31,898 236,737 2,350,258 11,400 27,863 259,577 2,789,619 11,125 Freq. Month 3,622,454 14,825 14,025 14,825 90,945 331,831 4,777,845 13,425 12,825 13,125 253,767 2,565,011 9,850 9,250 9,600 19 Jun-15 21 19Jul-15 13,500 78,844 312,229 10,000 39,349 344,117 3,377,809 10,800 9,750 10,450 25,605 342,053 3,604,261 253,379 2,749,582 (Thou. Sh.) Volume 260,770 14,125 13,050 (Million Rp) Value (X) Closing Price 300,896 9,750 11,400 12,650 13,100 59,176 246,896 3,285,014 15,600 12,900 13,475 86,286 30,855 186,366 1,776,805 Bank Central Asia Tbk. 451,166 6,531,175 14,500 13,400 14,125 67,586 339,175 4,710,311 10,400 2,901,118 12,500 8,450 22,561 8,900 25,790 316,861 3,437,786 4,220,125 13,900 40 80 120 160 200 240 280 320 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Closing Price* and Trading Volume Bank Central Asia Tbk.Closing Price* Volume (Mill. Sh) 46.9% 103.1% 28.8% -20% - 20% 40% 60% 80% 100% 120% 140% Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Finance Index January 2011 - July 2015 Closing Price*, Jakarta Composite Index (IHSG) and January 2011 - July 2015 RESEARCH AND DEVELOPMENT DIVISION28