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Monday, July 23, 2007

Indonesia Stocks: Land of 17,500 Islands


Some interesting facts about Indonesia:
1. It has the fourth highest population in the world.
2. Major products include petroleum, natural gas, textiles, apparel, minerals, palm oil, rice, tea, coffee, spices, and rubber.
3. It is number 21 of all countries in terms of gross domestic product.
4. They are number 15 in terms of GDP by Purchasing Power Parity.
5. It is is Southeast Asia's only member of OPEC.
6. They had a a trade surplus in 2005.
7. It is a republic, with an elected president and parliament.

Indosat tbk PT (IIT) founded in 1967, is a large telecommunications company in Indonesia which trades on the New York Stock Exchange. It has a P/E of 27.6, a P/S of 3.13, and a yield of 3.1%. Quarterly earnings were up 26% on a 30% increase in earnings.

MedcoEnergi Internasional TBK PT (PTGIF.PK) is an integrated oil and gas company in the business of exploration, drilling, production and energy production. The company's 2007 first quarter net income increased by 17%.

Pasifik Satelit Nusantara ADR PT (PSNRY.PK) is a satellite communications company, and was the first provider of satellite telecommunications service to Indonesia.

Kalbe Farma Ord PT (PTKFF.PK) manufactures and markets pharmaceuticals for humans and animals, along with other nutritional products. The stock has a P/E of 22 and a P/S of 2. The company has a market cap of $1.47 billion.

Kawasan Industri Jababeka ORD PT (PTKWF.PK) develops industrial estate in Indonesia, and occasionally trades in the United States. It was listed in Forbes list of Asia's 200 Best Under A Billion. The stock has a P/E of 14 and a P/S of 3.

Perusahaan Perseroan Perseropt PT Telekomunikasi Indonesia tbk (TLK), also known as TELEKOMUNIKASI INDONESIA, trades on the New York Stock Exchange. It was founded in 1884 and is in the telecommunications business including both fixed wire line and fixed wireless, mobile service, data and Internet services. The P/E is 21.4, the P/S is 4.1, and the yield is 2.3%. Latest quarterly earnings were up 22.8% but earnings were down 12.1%.

Holcim Indonesia TBK (PTHIF.PK) recently started trading publicly in the U.S. in April of this year. It is a very large cement and aggregates company which sells to Indonesia’s building and construction industry. Net sales increased by 23.8% and net income went up 94.1%.

Indonesia Fund Inc. (IF) is a closed end fund which trades on the American Stock Exchange. The fund is currently trading at 47% above net asset value. It currently pays a small yield of 0.6%.

Author does not own any of the above.

By Fred Fuld at Stockerblog.com.

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