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RI govt ready to take over Inalum
2013-05-19 13:45
The Indonesian government is ready to take full control of PT Indonesia Asahan Aluminium (Inalum) after Japanese consortium Nippon Asahan Aluminum’s 30-year contract to manage Inalum expires on Oct.30, an official says.

Are accountants and CFOs killing innovation?
2013-05-18 15:43
What can you do when penny-pinchers get in the way of your disruptive ideas to make necessary, often disruptive, changes in your company?

Thoughts on introducing the right incentive schemes to reward quality performance in your workplace
2013-05-18 15:38
How can you explain US$616 million in individual bonuses coupled with $25 billion of corporate losses in a single year?

Agustus Sani Nugroho: Look to a strong team with quality human resources and the right systems
2013-05-18 15:25
(JP/Sudibyo M. Wiradji)Holding a leading position in several companies can be difficult, especially when it comes to carrying out day-to-day managerial tasks, but Agustus Sani Nugroho has become familiar with the demands. While acknowledging that 24 hours a day is too short to accomplish his mounting tasks, the 48-year old, who prefers to be called Nugroho, has already found his own strategy to deal with the workload. “I spend most of my time in the holding company in Jakarta where I can think and handle problems related to the other companies [subsidiaries]. I go to the sites, such as PT Kemang Food Industries in Bogor, only when necessary. Our system that allows for proportional delegation of authority and quality human resources is instrumental in helping me do my job well,” said the outspoken, energetic and informal-looking executive.In the early years of his career, Nugroho, a graduate of Padjajaran University, Bandung, worked at several different legal offices. His debut in corporate management was in 1995 when he held a position as vice president and general counsel at PT Bank PDFCI, followed by five years working at PT Sentra Darmaga as president director. The growth of PT Super Capital Indonesia as a holding company led to its expansion and the establishment of several companies; among them are PT Supermoto Indonesia, sole distributor of the Italian-made Ducati motorbike, and PT Bahtera Abadi Gas, with Nugroho entrusted to lead the subsidiaries. According to Nugroho, a strong team supported by quality human resources and the right systems are the keys to corporate growth. ”There is no business or company that can grow if only run by one person. For me, a team is important. For me, delegation is important. At a certain point, I have to delegate. How can I delegate? That’s why a team has to be strong,” he said, adding that quality human resources and systems are two corporate components that are equally important and helpful to executives in doing their job.Doing the bestQuality does not necessarily mean that employees must be intellectual wunderkinds, but they must have integrity and honesty. “They should also be able to work in a team and be principled about what they believe in and dare to speak up. For me, the important thing is that employees can do their best according to their capacity,” he said.Developing quality human resources is more challenging than building a system because it cannot be achieved after one or two days’ training. “It is a long process which they learn through daily working habits, such as when it comes to facing working challenges, they should not easily give in,” he said. Nugroho also emphasized the importance of building the right system, a system that enables employees to develop their careers, which not only makes employees loyal to the company but also leads to the company working and growing.“Under the right system, delegation of authority must be clear. Everybody has some degree of authority in their respective area and in this way they can maximize their potential,” he said, adding that the absence of delegation of authority would cause bottlenecks and turf wars.“So, it is important to create an environment in which everyone can optimize potential, creativity and capacity to support the sound growth of a company.“If all employees make joint efforts to move forward in line with the company’s vision and direction, the likelihood of the company growing is greater and when the company grows, there is a possibility to set up a subsidiary or acquire another company. In this way, it will provide an opportunity for an employee that has been working for say five or 10 years, but stuck in a career rut, to be promoted to a higher position at a newly established subsidiary,” he said, citing a secretary who was promoted to general manager thanks to the company’s growth.Nugroho builds a corporate culture through which employees embrace values as guiding principles for their daily working activities. Building a corporate culture should take several factors into consideration, including the industry, product and the market segment. PT Supermoto Indonesia salespeople must be highly knowledgeable about the product from A to Z. They should also understand that the wealthier class of society is their target market, he said. “Therefore, salespeople should have a certain level of confidence, which is part of the culture, because the prospective buyers are high-end consumers,” he said.Flow of informationNugroho acknowledges that his informal leadership style benefits him and his subordinates in carrying out their tasks because it leads to easy flow of information, allowing employees to have the courage to speak up. “If I am too formal and require them to make a prior appointment before meeting me, then this will slow down the flow of information. So, my employees from the middle level upward can access me even though I am not their direct boss,” said Nugroho who wears blue jeans.But he added that being informal does not necessarily mean carelessness given his heavy responsibility as leader of the companies. During his time as business leader of the growing holding company, Nugroho made the decision to establish PT Supermoto Indonesia. The process of materialzing his idea to start the new venture was very tough because a similar business had closed down in 2004, meaning his partners, the market and even the principals (of Ducati) underestimated the plan. “Riding a Ducati is my hobby and so I know the strengths and weaknesses and therefore I was determined to go ahead with the plan to run the business,” he said, adding that the first Ducati showroom in Jakarta was established in 2006.It took four years before the market for Ducati was restored to its desired level, with PT Supermoto Indonesia finally recording a good sales performance. “Basically, if we do something because we like it and have a passion for it, then we do it wholeheartedly and this will bear fruit,” Nugroho said of his decision. Like his fellow executives, his time management also includes dealing with traffic congestion in Jakarta and Nugroho has found his own trick. “I start working from home at 6 a.m., receiving e-mails or SMS from my subordinates and answering them. I go to the office at round 9:30 a.m. when traffic is less congested and that way I can reach my office faster than leaving my home during rush hour. But I leave home much earlier when there is a morning meeting,” said the father of three.Nugroho acknowledged that by a 9-to-5 work standard, his life is imbalanced because he frequently works until 11 p.m. But he tries, when time permits, not to disregard his two hobbies, motorcycling and writing. He maintains his hobby of riding a motorcycle, partly because he wants to keep in touch with the Ducati community through which he can give support. “If time permits, I join the motor tour on weekends,” he said. “I have loved writing poems since I was in senior high school but I use plain and simple language instead of figurative language,” he said, adding: “I write poems or fiction as a way of releasing stress and keeping me fresh.”

Monsanto eyes RI’s corn rise on new seeds
2013-05-18 15:20
US-based biotech giant Monsanto Indonesia plans to help boost Indonesia’s corn production by more than half in two years time by introducing its genetically modified corn seeds.

ASRI sells Cikarang plot to sister company
2013-05-18 15:18
Major developer PT Alam Sutera Realty (ASRI) says it has sold a 91.59-hectare plot in West Cikarang, West Java, to sister firm PT Bekasi Fajar Industrial Estate (BEST).

Honda to spend Rp 3.3t on new motorcycle factory
2013-05-18 15:03
New factory site: PT Astra International president director Prijono Sugiarto (second left), chief operating officer for regional operations Asia and Oceania Honda Motor Co. Ltd. Hiroshi Kobayashi (second right), production, engineering and procurement director of PT Astra Honda Motor (AHM) David Budiono (left) and AHM president director Toshiyuki Inuma visit the Indotaisei industrial estate in Kota Bukit Indah in Karawang, West Java, where AHM is developing its fourth factory, which will have a production capacity of 1.1 million motorcycles per year and require Rp 3.3 trillion (US$340 million) in total investment. (Antara)

GE aims to concentrate on Batam
2013-05-18 15:01
New York-listed conglomerate General Electric (GE) Co., is seeking a better foothold in Batam, Riau Islands, with an investment of US$10 million for the construction of a high-bay manufacturing facility producing subsea wellhead equipment.

Harum expects lower sales on weak overseas demand
2013-05-18 14:59
Publicly listed coal miner PT Harum Energy expects a lower sales volume this year as slow global economic recovery will continue to stymie demand in the international coal market, the company’s senior executive says.

Adira, BII Finance upbeat despite gloomy market
2013-05-18 14:55
Automotive financing companies PT Adira Dinamika Multi Finance (ADMF) and PT BII Finance Center are optimistic businesses will continue to grow in 2013, despite the planned fuel price increase and the estimated drop in motorbike and car sales.

A year after IPO, Facebook aims to be ad colossus
2013-05-18 07:21
Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties.

World stocks strong into the weekend
2013-05-18 06:35
World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue.

Oil falls below $95 on choppy growth outlook
2013-05-17 14:54
The price of oil fell below $95 per barrel Friday after new signs of a choppy economic recovery in the U.S.

Charoen Pokphand to expand despite loss
2013-05-17 12:45
Thailand-based poultry company PT Charoen Pokphand Indonesia (CPIN) plans to build more factories despite recording a loss in the first quarter this year following increased prices of raw materials in the period.

Govt to build roads, seaports for Kalimantan palm oil industry
2013-05-17 12:40
The government is planning to build roads and seaports in Kalimantan to support the local palm oil industry, which has seen rapid growth in production.



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Stock Info

Stock Rumor

Daily Stock Rumor [More]

  • Cermati ALMI
    2013-05-20 06:53 upik

    Rencana IPO sister company yg bergerak di sektor perbankan menjadi sentimen positif saham PT Alumindo Light Metal Industry Tbk sehingga harganya disebut sebut pelaku pasar bakal menembus RP 1200 dibanding Jumat pekan lalu RP 720. Selain itu perseroan dikabarkan mendapat kontrak penjualan aluminium bernilai fantastis dari sejumlah perusahaan properti.

  • Akumulasi SDMU
    2013-05-17 06:14 upik

    Market maker seperti akan mengerek saham PT Sidomulyo Selaras Tbk ke level RP 500 dalam waktu pendek, dibanding kemarin Rp 258 terkait kabar perseroan mendapatkan kontrak pengangkutan minyak dari perusahaan BUMN. Selain itu, kabarnya perseroan berencana membagi saham bonus 4 banding 1 dalam waktu dekat.
  • Dua Perusahaan Bidik ASSA
    2013-05-17 06:12 upik

    Beredar kabar di kalangan pelaku pasar, perusahaan rental kendaraan yang dikendalikan konglomerasi usaha papan atas domestik tengah menjajaki pembelian 20% saham PT Adi Sarana Armada Tbk. Saham ASSA juga tengah dibidik salah satu private equity terbesar nasional. Kemarin saham ASSA turun Rp 5 ke level Rp 390.
  • INAF Dikerek ke Rp 500?
    2013-05-16 06:52 upik

    Saham PT Indofarma Tbk kabarnya bakal dikerek oleh konsorsium broker lokal ke level Rp 500 dibanding kemarin Rp 310. Pemicunya adalah rencana perseroanmembangun pabrik baru obat generik setelah memengangi tender Rp 1,6 triliun. Kabar lain yang beredar perseroan akan mengakuisisi pabrik bahan baku obat di Jawa Timur.

Composite Index

Index Analysis [More]

  • eTrading Securites
    2013-05-20 06:58 upik

    Indikator stochastic menghasilkan sinyal golden cross mengindikasikan IHSG hari ini berpotensi kembali menguat dengan support 5075 dan resistance 5220. Cermati GGRm, MAIN, PNIN.
  • Reliance Securities
    2013-05-20 06:57 upik

    IHSG berpotensi menguat lebih lanjut, setelah membentuk pola pennat dengan target tiang pada level 5200. Level support berada pada level 5104.
  • Sinarmas Sekuritas
    2013-05-20 06:56 upik

    Pada perdagangan Senin secara teknikal indeks diperkirakan bergerak mixed melemah pada kisaran 5100-5180. Perhatikan INAF, PTBA, MAPI, HRUM.
  • eTrading Securites
    2013-05-17 06:48 upik

    IHSG hari ini diperkirakan bergerak mixed dengan support 5030 dan resistance 5115. Perhatikan GGRM, ICBP, ULTJ.
  • Sinarmas Sekuritas
    2013-05-17 06:46 upik

    Pada perdagangan Jumat secara teknikal indeks diperkirakan bergerak mixed melemah pada kisaran 5053-5126. Data core CPI dan unemployment claims Amerika Serikat yang diperkirakan meningkat akan memengaruhi pergerakan indeks. Perhatikan ICBP, AISA, LPKR, BSDE.

Stock Picks

Stocks of The Day [More]

  • MTLA : Capex Metland Rp850 Milyar
    2013-05-20 08:35 Yani

    PT Metropolitan Land Tbk (MTLA) menganggarkan belanja modal (capital expenditure/capex) senilai Rp850 milyar tahun 2013. Sumber pendanaan belanja modal berasal dari kas internal, sisa dana hasil penawaran umum perdana (IPO) dan pijaman, sekitar 40 persen pembiayaan belanja modal berasal dari pinjaman
  • HRUM: Bagi Dividen 53% dari Laba Bersih
    2013-05-20 08:33 Yani

    PT Harum Energy Tbk (HRUM) mencatatkan penurunan laba bersih perusahaan sebesar 20,2% di tahun 2012. Direktur Utama sekaligus Direktur Keuangan HRUM Ray Gunara mengungkapkan bahwa perseroan hanya mampu membukukan laba bersih perusahaan sebesar US$ 132 juta dibandi ngkan dengan tahun 2011 yang mencapai US$ 165 juta
  • BATA : Agar Lincah, Saham BATA Dipecah
    2013-05-20 08:31 Yani

    Perusahaan yang listing di Bursa Efek Indonesia (BEI) tentu berharap sahamnya bisa bergerak lincah dan likuid di pasar. S alah satu penyebab saham emiten tidak likuid adalah karena harga sahamnya yang kelewat mahal sehingga tak memikat lagi bagi investor. Nah, agar harga saham kembali terjangkau investor, emiten kemudian memecah nilai nominal alias stock split. Salah satu em iten yang berenacan melakukan stock split adalah PT Sepatu Bata Tbk (BATA).
  • ADMF: 27 Juni, Adira Sebar Dividen Rp 709,3 M
    2013-05-20 08:22 Yani

    PT Adira Dinamika Multi Finance Tbk (ADMF) menggelar Rapat Umum Pemegang Saham Tahunan (RUPST) dengan agenda menyetujui pembayaran dividen tunai sebesar 50 persen dari laba bersih 2012 sebesar Rp1,42 triliun. Direktur Keuangan ADMF I Dewa Made Susila mengatakan, perseroan sepakat membagikan dividen kepada pemegang saham sebesar Rp709,3 miliar sehingga dividen dibayarkan adalah Rp709,3 per lembar saham. Divid en ini akan dibayarkan pada 27 Juni 2013 kepada pemegang saham yang tercatat pada 13 Juni 2013, ini merupakan apresiasi atas dukungan pemegang saham di tengah kondisi pasar yang cukup menantang,jelasnya di Jakarta, Jumat (17/5/2013).

Closing Position/Tips of the Day

Foreign Net Buy/Sell [More]

  • Penutupan Perdagangan IHSG Sesi 2
    2013-05-17 16:22 Yani

    IHSG sesi 2 ditutup menguat +67,00 poin atau +1,31% di level 5145,68. Volume transaksi 10,65 juta lot saham dengan nilai Rp 5,61 triliun. Asing net buy (RG, NG, TN) sebesar Rp 22,47 miliar. Asing net buy terbesar di saham INDF, BBRI, GGRM, LPPF, UNVR. Asing net sell terbesar di saham SMGR, INTP, ASII,SMRA, UNTR.
  • Penutupan Perdagangan IHSG Sesi 1
    2013-05-17 11:52 Yani

    IHSG sesi 1 ditutup menguat +23,91 poin atau +0,47% di level 5102,58. Volume transaksi 5,11 juta lot saham dengan nilai Rp 2,69 triliun. Asing net sell (RG, NG, TN) sebesar Rp 8,35 miliar. Asing net sell terbesar di saham INTP, SMGR, SMRA, ASII, ADRO. Asing net buy terbesar di saham TLKM, KLBF, INDF, LPPF, LPKR.
  • Penutupan Perdagangan IHSG Sesi 2
    2013-05-16 16:24 Yani

    IHSG sesi 2 ditutup melemah -11,20 poin atau -0.23% di level 5078,67. Volume transaksi 10,47 juta lot saham dengan nilai Rp 6,14 triliun. Asing net sell (RG, NG, TN) sebesar Rp 14,46 miliar. Asing net sell terbesar di saham BMRI, BBCA, PGAS, SMGR, ADRO.  Asing net buy terbesar di saham INDF, BMTR, BBRI, BBNI, MLPL.
  • Penutupan Perdagangan IHSG Sesi 1
    2013-05-16 12:10 Yani

    IHSG sesi 1 ditutup menguat +15.24 poin atau +0,29% di level 5105,12. Volume transaksi 5,73 juta lot saham dengan nilai Rp 3,28 triliun. Asing net buy (RG, NG, TN) sebesar Rp 22,46 miliar. Asing net buy terbesar di saham BBRI, BMTR, BSDE, GGRM, TELE. Asing net sell terbesar di saham BMRI, ADRO, SMGR, TLKM, ITMG.

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by Dr. Radut.