Laporan Saham

IDX LQ45
August 2016
Contents
Forewords
LQ45 Index Constituents for the period of August 2016 January 2017
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. ANTM Aneka Tambang Tbk. [S] (Metal and Mineral Mining, 23) .................................................................................................................... 18
6. ASII Astra International Tbk. [S] (Automotive and Components, 42)......................................................................................................... 22
7. ASRI Alam Sutera Realty Tbk. [S] (Property and Real Estate, 61) .............................................................................................................. 26
8. BBCA Bank Central Asia Tbk. (Bank, 81) ................................................................................................................................................................... 30
9. BBNI Bank Negara Indonesia (Persero) Tbk. (Bank, 81) .................................................................................................................................. 34
10. BBRI Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) ................................................................................................................................. 38
11. BBTN Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................ 42
12. BMRI Bank Mandiri (Persero) Tbk. (Bank, 81) ........................................................................................................................................................ 46
13. BMTR Global Mediacom Tbk. [S] (Investment Company, 98)........................................................................................................................... 50
14. BSDE Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61) .......................................................................................................... 54
15. CPIN Charoen Pokphand Indonesia Tbk. [S] (Animal Feed,36) .................................................................................................................... 58
16. ELSA Elnusa Tbk. [S] (Crude Petroleum & Natural Gas Production,22) .................................................................................................... 62
17. GGRM Gudang Garam Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................. 66
18. HMSP HM Sampoerna Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................ 70
19. ICBP Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51) ............................................................................................. 74
20. INCO Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23) ........................................................................................................................ 78
21. INDF Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) .......................................................................................................... 82
22. INTP Indocement Tunggal Prakasa Tbk. [S] (Cement, 31) .............................................................................................................................. 86
23. JSMR Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72) .............................................................. 90
24. KLBF Kalbe Farma Tbk. [S] (Pharmaceuticals, 53) .............................................................................................................................................. 94
25. LPKR Lippo Karawaci Tbk. [S] (Property and Real Estate, 61) ....................................................................................................................... 98
26. LPPF Matahari Department Store Tbk. [S] (Retail Trade, 93) ......................................................................................................................... 102
27. LSIP PP London Sumatera Tbk. [S] (Plantation,12) ........................................................................................................................................... 106
28. MNCN Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................ 110
29. MPPA Matahari Putra Prima Tbk. [S] (Retail Trade,93) ....................................................................................................................................... 114
30. MYRX Hanson International Tbk. [S] (Investment Company, 98) .................................................................................................................... 118
31. PGAS Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71).................................................................................................................... 122
32. PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21) ............................................................................................ 126
33. PTPP PP (Persero) Tbk. [S] (Building Construction, 62) .................................................................................................. 130
34. PWON Pakuwon Jati Tbk. [S] (Property and Real Estate, 61) ........................................................................................................................... 134
35. SCMA Surya Citra Media Tbk. (Advertising, Printing And Media, 95) ........................................................................................................... 138
36. SILO Siloam International Hospitals Tbk. [S] (Healthcare, 96)....................................................................................................................... 142
37. SMGR Semen Indonesia (Persero) Tbk. [S] (Cement, 31) .................................................................................................................................. 146
38. SMRA Summarecon Agung Tbk. [S] (Property and Real Estate, 61) ................................................................................. 150
39. SRIL Sri Rejeki Isman Tbk. (Textile, Garment, 43) ........................................................................................................... 154
40. SSMS Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................ 158
41. TLKM Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73) ....................................................................................... 162
42. UNTR United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) .......................................................... 166
43. UNVR Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54).............................................................................................................. 170
44. WIKA Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) .............................................................................................................. 174
45. WSKT Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) ................................................................................. 178
NOTES
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 =

(Regular Closing Price x Number of Shares )
Base Value
Base Value =
( Base Price x Number of Shares )
Regular Closing Price
Individual Index =
Base Price
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 owners 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)
Total Liabilities
DAR = x 100%
Total Assets
10. Debt to Equity Ratio (DER)

Total Liabilities
DER = x 100%
Total Equity
11. Return on Assets (ROA)

Profit for the period
ROA = x 100%
Total Assets
12. Return on Equity (ROE)

Profit for the period
ROE = x 100%
Total Equity
13. Gross Profit Margin (GPM)

Gross Profit
GPM = x 100%
Total Sales
14. Operating Profit Margin (OPM)
Operating Income
OPM = x 100%
Total Sales
15. Net Profit Margin (NPM)
Profit for period
NPM = x 100%
Total Sales
Dividend
16. Payout Ratio = x 100%
EPS
Dividend
17. Yield = x 100%
Closing Price
18. [S] Sharia Compliant Stock
19. Period Attribute : Profit for the period attributable to owners entity
20. Comprehensive Attribute : Comprehensive Income attributable to owners 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 2016
Research and Development Division

Indonesia Stock Exchange
2016 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 2016 January 2017
COMPANY REPORT
AALI
ASTRA AGRO LESTARI TBK.
Company Profile

PT Astra Agro Lestari Tbk. was established dated October 3rd, 1988. The Company is
committedtomanageoilpalmplantationwithlocationsspreadoverSumatra,Kalimantan,
andSulawesi,producinghighqualityCrudePalmOil(CPO),tomeetthedemandsofboth
thedomesticandexportmarkets.
ApartfromproducingCPO,theCompanyalsoproducespalmoilderivativeproductsatits
refinery established in West Sulawesi. These palm oil derivative products are aimed to
satisfythedemandsoftheexportmarket.
AsoneofthelargestoilpalmplantationsinIndonesiawhichhasbeenoperatingfor35
years, PT Astra Agro Lestari Tbk (Perseroan) may be considered as role model in
managing oil palm estates. Moreover, through a partnership model with the
communities,boththroughaplasmaprogramandIncomeGeneratingActivities(IGA),the
Companywasabletorealizeitsvisiontobecomealeadingcompanyandcontributetothe
developmentandprosperityofthenation.

In addition to strengthening its position at the upstream sector by managing an area of
297,862 hectares comprising nucleus and plasma plantations, the Company also
strengthened its palm oil downstream business. Owning a palm oil refinery, PT Tanjung
SaranaLestariintheMamujuUtaraRegency,WestSulawesiand50%equitysharesinPT
Kreasijaya Adhikarya in Dumai, Riau Province, has significantly strengthened the
Companyscompetitivenessinthepalmoilbusinesschain.

PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.AsofJune30th,2016,
theCompanyandsubsidiarieshad36,584permanentemployees.
August 2016
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.
2 RESEARCH AND DEVELOPMENT DIVISION

AALI AstraAgroLestariTbk.[S]
COMPANY REPORT : JULY 2016 As of 29 July 2016
Main Board Individual Index : 1,177.943
Industry Sector : Agriculture (1) Listed Shares : 1,924,688,333
Industry Sub Sector : Plantation (12) Market Capitalization : 27,907,980,828,500
34 | 27.9T | 0.50% | 68.48%
43 | 8.88T | 0.64% | 76.08%
COMPANY HISTORY SHAREHOLDERS (July 2016)

Established Date : 03-Oct-1988 1. PT Astra International Tbk. 1,533,682,440 : 79.68%
Listing Date : 09-Dec-1997 2. Public (<5%) 391,005,893 : 20.32%
Under Writer IPO :
PT ABN AMRO Hoare Govett Indonesia DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Recording Payment
F/I
PT Raya Saham Registra Year Shares Dividend Cum Date Ex Date Date Date
Plaza Central Building 2nd Fl. 1997 37.00 22-Jun-98 23-Jun-98 01-Jul-98 20-Jul-98 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1998 60.00 29-Oct-98 30-Oct-98 09-Nov-98 23-Nov-98 I
Phone : (021) 252-5666 1998 25.00 27-May-99 28-May-99 08-Jun-99 05-Jul-99 F
Fax : (021) 252-5028 1999 5:1 27-May-99 28-May-99 08-Jun-99 05-Jul-99 B
1999 45.00 31-May-00 02-Jun-00 12-Jun-00 26-Jun-00 F
BOARD OF COMMISSIONERS 2000 7.00 07-Jun-01 08-Jun-01 13-Jun-01 27-Jun-01 F
1. Prijono Sugiarto 2001 10.00 18-Jun-02 19-Jun-02 24-Jun-02 04-Jul-02 F
2. Anugerah Pekerti *) 2002 60.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F
3. Chiew Sin Cheok 2003 90.00 04-Jun-04 07-Jun-04 09-Jun-04 23-Jun-04 F
4. Johannes Loman 2004 100.00 06-Dec-04 07-Dec-04 09-Dec-04 23-Dec-04 I
5. Soemadi Djoko Moerdjono Brotodiningrat *) 2004 150.00 06-Jun-05 07-Jun-05 09-Jun-05 23-Jun-05 F
*) Independent Commissioners 2005 325.00 12-May-06 15-May-06 17-May-06 01-Jun-06 F
2006 95.00 17-Oct-06 18-Oct-06 20-Oct-06 10-Nov-06 I
BOARD OF DIRECTORS 2006 230.00 11-Jun-07 12-Jun-07 14-Jun-07 25-Jun-07 I
1. Widya Wiryawan 2007 190.00 19-Oct-07 22-Oct-07 24-Oct-07 02-Nov-07 I
2. Bambang Palgoenadi 2007 625.00 16-Jun-08 17-Jun-08 19-Jun-08 30-Jun-08 F
3. Jamal Abdul Nasser 2008 350.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I
4. Joko Supriyono 2008 155.00 04-Jun-09 05-Jun-09 09-Jun-09 23-Jun-09 F
5. Juddy Arianto 2009 220.00 30-Oct-09 02-Nov-09 04-Nov-09 11-Nov-09 I
6. Rudy 2009 685.00 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F
2010 190.00 26-Oct-10 27-Oct-10 29-Oct-10 12-Nov-10 I
AUDIT COMMITTEE 2010 640.00 20-May-11 23-May-11 25-May-11 09-Jun-11 F
1. Soemadi Djoko Moerdjono Brotodiningrat 2011 300.00 24-Oct-11 25-Oct-11 27-Oct-11 10-Nov-11 I
2. Juliani Eliza Syaftari 2011 695.00 08-May-12 09-May-12 14-May-12 29-May-12 F
3. Ratna Wardhani 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
CORPORATE SECRETARY 2013 160.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I
Rudy Limardjo 2013 515.00 09-May-14 12-May-14 14-May-14 30-May-14 F
2014 244.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I
HEAD OFFICE 2014 716.00 21-Apr-15 22-Apr-15 24-Apr-15 15-May-15 F
Jln. Pulo Ayang Raya Blok OR - I
Kawasan Industri Pulogadung ISSUED HISTORY
Jakarta 13930 Listing Trading
Phone : (021) 461-6555 No. Type of Listing Shares Date Date
Fax : (021) 461-6682, 461-6689 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
Homepage : www.astra-agro.co.id 3. Bonus Shares 251,600,000 06-Jul-99 06-Jul-99
Email : Investor@astra-agro.co.id 4. Option Conversion 12,005,000 T: 22-Apr-02 : 07-Jun-02
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
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
9. Option Conversion III 19,518,500 T: 15-Jan-04 : 13-May-05
10. Right Issue I 349,943,333 T: 17-Jun-16 : 24-Jun-16
RESEARCH AND DEVELOPMENT DIVISION 3

TRADING ACTIVITIES
Closing Price* and Trading Volume
Astra Agro Lestari Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* January 2012 - July 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
30,000 40.0 Jan-12 22,550 20,550 20,600 10,520 17,532 382,289 21
Feb-12 23,000 20,300 22,300 10,953 26,112 569,072 21
26,250 35.0 Mar-12 23,350 18,500 23,350 11,605 26,569 592,007 21
Apr-12 23,750 21,000 21,400 10,260 24,103 544,061 20
May-12 21,700 18,000 20,450 12,047 23,427 471,617 21
22,500 30.0
Jun-12 22,000 19,150 20,050 13,159 27,916 579,302 21
Jul-12 24,000 20,100 23,000 9,547 20,808 467,231 22
18,750 25.0
Aug-12 23,300 21,250 22,300 5,828 10,839 240,513 19
Sep-12 23,400 19,350 21,950 14,218 33,952 728,250 20
15,000 20.0
Oct-12 22,100 20,200 20,950 8,856 18,910 398,764 22
Nov-12 21,300 17,950 18,000 7,904 15,084 297,057 20
11,250 15.0 Dec-12 19,750 17,800 19,700 10,801 22,617 422,905 18
7,500 10.0 Jan-13 20,850 18,750 18,850 10,591 20,796 409,347 21

Feb-13 19,300 18,250 18,450 11,374 33,001 622,045 20
3,750 5.0 Mar-13 19,200 17,850 18,500 15,207 36,954 678,998 19
Apr-13 18,700 17,300 17,700 10,808 21,488 388,219 22
May-13 19,500 16,900 19,500 16,961 35,698 646,786 22
Jun-13 21,000 17,800 19,700 17,880 42,231 814,363 19
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Jul-13 19,900 15,500 15,550 13,025 21,333 370,322 23
Aug-13 19,800 13,100 19,750 19,132 37,761 640,710 17
Sep-13 21,750 18,350 19,500 15,471 52,971 1,097,030 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 21,300 18,500 18,600 10,945 21,638 435,579 21
Agriculture Index Nov-13 23,400 18,050 22,250 12,858 35,024 759,116 20
January 2012 - July 2016 Dec-13 25,750 22,250 25,100 12,429 28,622 679,065 19
60%
Jan-14 25,800 20,650 21,475 44,874 40,059 875,810 20
45% Feb-14 25,750 21,250 25,500 32,016 37,535 879,827 20
Mar-14 27,900 24,400 26,000 42,550 37,625 991,848 20
33.5%
30% Apr-14 29,475 25,125 29,400 36,774 29,006 788,587 20
May-14 29,850 26,600 27,325 32,492 30,003 842,728 18
15% Jun-14 29,350 26,050 28,175 26,838 28,216 770,842 21
Jul-14 28,175 25,600 26,700 36,013 35,895 954,698 18
Aug-14 26,700 25,500 25,500 30,897 41,565 1,087,452 20
-
Sep-14 26,050 22,775 23,000 36,936 42,691 1,018,059 22
Oct-14 23,500 19,250 23,500 49,512 57,643 1,222,233 23
-15%
-18.7% Nov-14 25,450 22,775 24,000 32,960 31,250 749,632 20
Dec-14 24,550 22,350 24,250 33,746 27,072 634,605 20
-30% -30.7%
Jan-15 26,150 23,150 23,250 27,912 24,553 601,935 21
-45% Feb-15 26,500 23,275 24,650 29,712 29,124 726,319 19
Mar-15 26,525 23,150 24,300 26,722 25,084 637,986 22
-60% Apr-15 24,300 19,500 20,350 26,871 28,559 638,079 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 27,525 20,050 24,800 33,350 38,857 974,137 19
Jun-15 25,850 21,325 22,950 32,679 24,454 576,705 21
Jul-15 26,000 19,675 20,075 30,222 23,184 550,225 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 20,850 14,425 17,125 28,690 22,867 412,376 20
Volume (Million Sh.) 268 388 439 355 379 Sep-15 18,750 14,800 18,125 36,232 30,935 544,607 21
Value (Billion Rp) 5,693 7,542 10,816 7,681 5,902 Oct-15 22,100 18,025 19,900 55,619 53,626 1,054,439 21
Frequency (Thou. X) 126 167 436 391 288 Nov-15 21,000 16,950 16,950 32,399 29,531 555,340 21
Days 246 244 242 244 140 Dec-15 18,150 15,375 15,850 30,614 24,679 408,397 19
Price (Rupiah) Jan-16 17,450 15,600 17,075 35,425 32,255 535,544 20

High 24,000 25,750 29,850 27,525 19,550 Feb-16 19,550 14,000 14,850 52,893 56,987 949,953 20
Low 17,800 13,100 19,250 14,425 13,775 Mar-16 18,300 14,800 18,200 49,171 45,802 768,571 21
Close 19,700 25,100 24,250 15,850 14,500 Apr-16 18,250 15,700 16,100 34,829 29,650 489,398 21
Close* 18,771 23,917 23,107 15,103 14,500 May-16 16,275 13,825 14,150 35,764 71,927 1,044,949 20
Jun-16 16,250 13,775 14,700 50,168 90,733 1,353,438 22
PER (X) 12.64 21.94 15.62 40.32 20.11 Jul-16 15,700 14,000 14,500 29,563 51,399 759,717 16
PER Industry (X) 33.17 15.46 19.34 -6.37 9.28
PBV (X) 3.31 3.85 3.41 2.13 1.94
* Adjusted price after corporate action

Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 227,769 709,090 611,181 294,441 3,285,860 26,250
Receivables 50,068 20,554 47,451 88,026 180,113

1,249,050 802,978 1,278,120 1,691,575 1,558,357 21,000
Inventories
Current Assets 1,780,395 1,691,694 2,403,615 2,814,123 5,900,225
15,750
Fixed Assets 4,918,673 6,493,712 8,335,003 9,361,731 9,595,179
Other Assets 150,998 422,305 403,741 324,410 380,024
10,500
Total Assets 12,419,820 14,964,431 18,559,354 21,512,371 25,408,255
Growth (%) 20.49% 24.02% 15.91% 18.11% 5,250
Current Liabilities 2,600,540 3,759,265 4,110,955 3,522,133 3,324,755 -

Long Term Liabilities 453,869 941,812 2,614,621 6,291,451 5,660,178 2012 2013 2014 2015 Jun-16
Total Liabilities 3,054,409 4,701,077 6,725,576 9,813,584 8,984,933
Growth (%) 53.91% 43.06% 45.91% -8.44%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 16,423
Paid up Capital 787,373 787,373 787,373 787,373 481,172 16,423
Paid up Capital (Shares) 1,575 1,575 1,575 1,575 962

11,834 11,699
Par Value 500 500 500 500 500
13,073
10,263
Retained Earnings 8,158,203 9,019,251 10,544,828 10,413,840 11,211,176 9,365
9,723
Total Equity 9,365,411 10,263,354 11,833,778 11,698,787 16,423,322

Growth (%) 9.59% 15.30% -1.14% 40.38% 6,372
INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 3,022
Total Revenues 11,564,319 12,674,999 16,305,831 13,059,216 6,344,601

Growth (%) 9.60% 28.65% -19.91%
-328
2012 2013 2014 2015 Jun-16
Cost of Revenues 7,206,837 8,592,003 11,352,975 9,977,118 5,010,331

Gross Profit 4,357,482 4,082,996 4,952,856 3,082,098 1,334,270
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 832,589 1,484,383 1,271,019 1,906,585 254,765
Operating Profit - - - - - 16,306
Growth (%)
16,306
12,675 13,059
12,979
11,564
Other Income (Expenses) - - - - -
Income before Tax 3,524,893 2,598,613 3,681,837 1,175,513 1,079,505 9,653
Tax 1,004,627 694,729 1,059,765 479,829 264,623 6,345

Profit for the period 2,520,266 1,903,884 2,622,072 695,684 814,882 6,327
Growth (%) -24.46% 37.72% -73.47%

3,000
Period Attributable 2,410,259 1,802,193 2,504,467 619,107 792,139 -326
Comprehensive Income 2,453,654 1,937,046 2,585,442 689,403 820,232 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 2,346,203 1,834,662 2,468,849 612,292 797,336
RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 68.46 45.00 58.47 79.90 177.46
2,622
Dividend (Rp) 685.00 675.00 960.00 - - 2,622
2,520
EPS (Rp) 1,530.57 1,144.43 1,590.40 393.15 823.13

BV (Rp) 5,947.26 6,517.47 7,514.73 7,429.00 17,065.96 2,087 1,904
DAR (X) 0.25 0.31 0.36 0.46 0.35

DER(X) 0.33 0.46 0.57 0.84 0.55
1,552
ROA (%) 20.29 12.72 14.13 3.23 3.21

815
696
1,017
ROE (%) 26.91 18.55 22.16 5.95 4.96

GPM (%) 37.68 32.21 30.37 23.60 21.03 482
OPM (%) - - - - -
NPM (%) 21.79 15.02 16.08 5.33 12.84 -52
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 44.75 58.98 60.36 - -
Yield (%) 3.48 2.69 3.96 - -

COMPANY REPORT
ADHI
ADHI KARYA (PERSERO) TBK.
Company Profile

ADHIhasmanagedtoshowitsabilityasaleadingconstructioncompanyinSoutheast
Asia, through competitiveness and proven experience by running successful
constructionprojects.ADHIcouldnothaveachievedsuccesswithoutthesupportand
participationofthepublic.ADHIplaysanactiveroleindevelopingCSRprogramsaswell
astheCompanysPartnershipandEnvironmentalPreservationProgram.

In accordance with the LongTerm Business Plan of ADHI 20122016, 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.InourcorebusinesslinesofconstructionandEPCservices,ourbusiness
development strategy is focused on continuously enhancing our professionalism
through quality products and timely deliveries. Here, the role of ALC (ADHI Learning
Center)comesintotheforefront.ALChasbeeninoperationsformorethanayear,and
its benefits are already felt. Through ALC, ADHI personnel are equipped with the
passiontoexcel,andtoalwaysstriveforqualitybyworkingintelligentlyandefficiently.
With such passion, we form another subsidiary entity specialize in building
constructionAdhiPersadaGedung(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,
namelyAdhiPersadaProperti(APP)andAdhiPersadaRealti(APR).Expandingfromthe
Propertybusinessbase,theCompanyhasalsomadeplanstodevelopfourstarhotels
inBlokMareaJakarta,andSurabaya;andthreestarhotelsinBekasiandMedan.This
move is designed to strengthen our Property business structure in the future, in
additiontoreapthebenefitofrecurringincome.Meanwhile,intheRealtybusiness,we
are adopting a strategy of not only developing landed houses, but also managing
commercialareas(malls,lifestylecentersandshoppingcomplexes)alsowiththeaimof
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
technologythatcanenhanceprojectexecutions,whetherintheformofconcretepiles
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).

AsofJune30th,2016,theCompanyandsubsidiarieshad1,376permanentemployees.
August 2016
Disclaimer:

ADHI AdhiKarya(Persero)Tbk.[S]
Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares : 3,560,849,376
Industry Sub Sector : Building Construction (62) Market Capitalization : 10,077,203,734,080
85 | 10.1T | 0.18% | 84.04%
21 | 16.1T | 1.16% | 58.46%

Established Date : 11-Mar-1960 1. Negara Republik Indonesia 1,816,046,624 : 51.00%
Listing Date : 18-Mar-2004 2. Public (<5%) 1,744,802,752 : 49.00%
Under Writer IPO :
PT Ciptadana Sekuritas DIVIDEND ANNOUNCEMENT
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
Wisma Sudirman - Puri Datindo 2003 12.30 07-Jul-04 08-Jul-04 12-Jul-04 23-Jul-04 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2005 19.56 17-Jun-05 20-Jun-05 22-Jun-05 06-Jul-05
Phone : (021) 570-9009 2005 12.98 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
Fax : (021) 570-9026 2006 10.61 17-Jul-07 18-Jul-07 20-Jul-07 03-Aug-07 F
2008 11.51 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
BOARD OF COMMISSIONERS 2009 28.26 30-Jun-10 01-Jul-10 05-Jul-10 19-Jul-10 F
1. M. Fadjroel Rachman 2010 32.35 04-Jul-11 05-Jul-11 07-Jul-11 20-Jul-11 F
2. Bobby AA. Nazief 2011 30.33 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
3. Hironimus Hilapok *) 2012 23.49 13-May-13 14-May-13 16-May-13 29-May-13 F
4. Muchlis Rantoni Luddin *) 2013 67.61 04-Apr-14 07-Apr-14 10-Apr-14 25-Apr-14 F
5. Rildo Ananda Anwar 2014 35.98 27-Mar-15 30-Mar-15 01-Apr-15 22-Apr-15 I
6. Wicipto Setiadi 2015 26.23 15-Apr-16 18-Apr-16 20-Apr-16 12-May-16 F
*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS Listing Trading
1. Budi Harto No. Type of Listing Shares Date Date
2. Adji Satmoko 1. First Issue 397,188,000 18-Mar-04 18-Mar-04
3. Budi Saddewa Soediro 2. Company Listing 918,680,000 18-Mar-04 18-Mar-04
4. Djoko Prabowo 3. Employee Management Buy Out (EMBO) 441,320,000 18-Mar-04 03-Jul-06
5. Haris Gunawan 4. Employee Stock Allocation (ESA) 44,132,000 18-Mar-04 26-Jun-04
6. Pundjung Setya Brata 5. Right Issue I 897,366,624 09-Oct-15 09-Oct-15
6. Right Issue I 259,180,948 13-Oct-15 13-Oct-15
AUDIT COMMITTEE 7. Right Issue I 90,316,424 15-Oct-15 15-Oct-15
1. Muchlis R. Luddin 8. Right Issue I 313,084,300 16-Oct-15 16-Oct-15
2. Mukti Wibowo 9. Right Issue I 169,499,395 19-Oct-15 19-Oct-15
3. Syaiful 10. Right Issue I 30,081,685 21-Oct-15 21-Oct-15
CORPORATE SECRETARY
Ki Syahgolang Permata
HEAD OFFICE
Jln. Raya Pasar Minggu Km.18
Jakarta - 12510
Phone : (021) 797-5312
Fax : (021) 797-5311
Homepage : www.adhi.co.id
Email : kiki@adhi.co.id

TRADING ACTIVITIES
Adhi Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,400 240 Jan-12 720 570 690 8,235 193,549 126,624 21
Feb-12 750 680 710 4,743 129,177 92,626 21
2,975 210 Mar-12 800 700 800 4,622 107,316 79,249 21
Apr-12 1,040 750 990 11,373 306,721 280,632 20
May-12 1,140 940 970 7,410 202,611 210,502 21
2,550 180
Jun-12 1,010 860 990 3,027 59,294 56,177 21
Jul-12 1,050 860 910 4,409 84,526 79,675 22
2,125 150
Aug-12 960 830 900 4,771 85,274 76,887 19
Sep-12 1,090 870 1,040 5,588 119,462 116,886 20
1,700 120
Oct-12 1,440 1,000 1,410 12,885 284,217 345,507 22
Nov-12 1,910 1,360 1,890 13,164 272,742 431,698 20
1,275 90 Dec-12 2,100 1,630 1,760 24,655 363,628 674,866 18
850 60 Jan-13 2,150 1,730 2,000 25,820 386,992 740,424 21

Feb-13 2,650 1,990 2,575 17,280 317,854 723,135 20
425 30 Mar-13 3,175 2,400 3,100 17,226 224,360 635,962 19
Apr-13 3,175 2,700 2,975 19,520 242,917 711,019 22
May-13 3,925 2,950 3,900 22,507 284,753 931,777 22
Jun-13 4,000 3,100 3,325 27,380 298,365 1,054,227 19
Jul-13 3,375 2,400 3,075 26,992 292,062 856,830 23
Aug-13 3,200 1,690 1,980 22,891 227,303 516,385 17
Sep-13 2,275 1,510 2,025 71,392 1,395,702 2,639,571 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 2,150 1,830 1,950 44,551 759,652 1,504,721 21
Property, Real Estate and Bulding Construction Index Nov-13 1,970 1,570 1,600 22,975 298,528 524,666 20
January 2012 - July 2016 Dec-13 1,780 1,460 1,510 22,832 383,774 633,407 19
595%
Jan-14 1,850 1,425 1,780 34,825 523,862 885,065 20
510% Feb-14 2,390 1,755 2,340 51,624 769,177 1,595,184 20
465.3% Mar-14 3,110 2,275 2,995 53,545 573,781 1,597,729 20
425% Apr-14 3,335 2,675 2,985 86,169 890,637 2,676,720 20
May-14 3,340 2,950 3,130 50,309 514,322 1,636,032 18
340% Jun-14 3,150 2,620 2,785 45,534 320,944 925,441 21
Jul-14 3,420 2,725 3,110 77,411 678,458 2,147,006 18
Aug-14 3,230 3,025 3,070 40,426 298,984 938,382 20
255%
Sep-14 3,160 2,740 2,765 30,838 165,105 494,676 22
Oct-14 2,920 2,320 2,755 58,999 424,212 1,142,279 23
170%
141.2%
Nov-14 2,810 2,435 2,780 56,416 568,723 1,501,669 20
Dec-14 3,625 2,780 3,480 81,342 933,533 2,875,053 20
85%
35.2% Jan-15 3,780 3,320 3,695 64,117 576,447 2,067,005 21

- Feb-15 3,870 3,330 3,440 64,269 520,481 1,843,502 19
Mar-15 3,475 2,990 3,055 49,578 297,973 949,746 22
-85% Apr-15 3,180 2,680 2,765 47,276 291,008 876,099 21
Jun-15 2,540 1,910 2,020 59,436 343,741 745,375 21
Jul-15 2,795 2,010 2,300 89,892 672,513 1,613,341 19
Volume (Million Sh.) 2,209 5,112 6,662 5,887 3,701 Sep-15 2,340 1,855 2,250 85,168 525,345 1,119,272 21
Value (Billion Rp) 2,571 11,472 18,415 15,087 9,719 Oct-15 2,410 1,850 2,230 102,153 1,201,936 2,604,099 21
Frequency (Thou. X) 105 341 667 767 349 Nov-15 2,345 2,105 2,200 55,399 540,360 1,214,604 21
Days 246 244 242 244 140 Dec-15 2,270 2,040 2,140 34,926 317,411 683,169 19
Price (Rupiah) Jan-16 2,580 2,070 2,550 70,823 856,813 2,027,511 20

High 2,100 4,000 3,625 3,870 2,910 Feb-16 2,745 2,475 2,610 55,500 549,180 1,444,345 20
Low 570 1,460 1,425 1,665 2,070 Mar-16 2,840 2,555 2,690 48,667 519,063 1,413,655 21
Close 1,760 1,510 3,480 2,140 2,830 Apr-16 2,910 2,645 2,675 49,750 562,525 1,558,604 21
Close* 1,493 1,281 2,953 2,140 2,830 May-16 2,710 2,420 2,570 44,806 371,638 945,245 20
Jun-16 2,830 2,530 2,780 44,156 448,114 1,224,428 22
PER (X) 14.84 6.70 46.54 16.43 89.44 Jul-16 2,900 2,700 2,830 35,306 393,230 1,105,417 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 2.68 1.76 4.10 1.48 1.94

Public Accountant : Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Member of RSM International)
Cash & Cash Equivalents 948,846 1,939,960 811,412 4,317,348 3,353,768 17,500
Receivables 2,332,098 2,705,085 3,214,051 3,311,392 3,160,456

116,552 161,560 132,014 162,651 188,736 14,000
Inventories
Investment 62,804 60,034 45,250 399,640 405,207
10,500
Fixed Assets 187,437 271,257 496,096 1,099,427 1,237,283
Other Assets 34,248 65,081 27,893 186,808 266,845
7,000
Total Assets 7,872,074 9,720,962 10,458,882 16,761,064 17,140,791
Growth (%) 23.49% 7.59% 60.26% 2.27% 3,500
Bank Payable 200,920 211,800 771,500 1,620,236 2,628,346 -

Trade Payable 4,276,690 4,767,420 4,923,213 6,489,310 5,733,119 2012 2013 2014 2015 Jun-16
Growth (%) 22.14% 6.54% 33.21% 3.60%
Authorized Capital 544,000 544,000 544,000 544,000 544,000 5,162 5,124
Paid up Capital 180,132 180,132 180,132 356,085 356,085 5,162
Paid up Capital (Shares) 1,801 1,801 1,801 3,561 3,561

Par Value 100 100 100 100 100
4,109
Retained Earnings 943,642 1,307,301 1,509,579 1,789,885 1,878,915

3,056
Total Equity 1,180,919 1,548,463 1,751,543 5,162,132 5,124,034

Growth (%) 31.12% 13.11% 194.72% -0.74% 2,003
1,548
1,752
1,181
INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 950
Total Revenues 7,627,703 9,799,598 8,653,578 9,389,570 3,130,788

Growth (%) 28.47% -11.69% 8.51%
-103
2012 2013 2014 2015 Jun-16
Cost of Revenues 6,671,815 8,606,444 7,655,377 8,414,926 2,862,933

Gross Profit 1,043,220 1,247,711 998,202 974,644 267,855
Operating Expenses 531,378 425,009 273,318 123,915 43,975
Operating Profit - - 724,884 850,730 223,880 9,800
9,390
Growth (%) 17.36% 8,654
9,800
7,628
7,800
Other Income (Expenses) -88,526 -108,337 -125,327 -104,639 -80,558

Income before Tax 423,315 714,365 599,557 746,091 143,322 5,801
Tax 209,998 305,927 267,896 281,066 87,556

3,131
Profit for the period 213,318 408,438 331,661 465,026 55,766
3,802
Growth (%) 91.47% -18.80% 40.21%

1,803
Period Attributable 211,590 405,977 329,075 463,685 55,537 -196
Comprehensive Income 213,651 409,862 304,311 878,754 55,495 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 211,924 407,401 301,726 877,408 55,266
Dividend (Rp) 23.49 67.61 35.98 26.23 -
465
EPS (Rp) 117.46 225.38 182.69 130.22 15.60
408
BV (Rp) 655.59 859.63 972.37 1,449.69 1,438.99
DAR (X) 0.85 0.84 0.83 0.69 0.70 370
332
DER(X) 5.67 5.28 4.97 2.25 2.35

2.71 4.20 3.17 2.77 0.33
275
ROA (%) 213

ROE (%) 18.06 26.38 18.94 9.01 1.09 180
GPM (%) 13.68 12.73 11.54 10.38 8.56

OPM (%) - - 8.38 9.06 7.15 86 56
NPM (%) 2.80 4.17 3.83 4.95 1.78

Payout Ratio (%) 20.00 30.00 19.70 20.14 -
-9
2012 2013 2014 2015 Jun-16

Yield (%) 1.33 4.48 1.03 1.23 -

COMPANY REPORT
ADRO
ADARO ENERGY TBK.
Company Profile
PTAdaroEnergyTbk.wasestablishedJuly28th,2004.TheCompanyisengagedintrading,
services, industry, coal hauling, workshop activities, mining and construction. The
Companys subsidiaries are engaged in coal mining, coal trading, mining contractor
services,infrastructure,coallogisticsandpowergenerationactivities.

The Company commenced its commercial operations in July 2005. The Companys head
office is domiciled in Jakarta and located at Menara Karya Building, 23rd Floor, Jln. H.R.
RasunaSaidBlockX5,Kav.12,SouthJakarta.

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
frompittoporttopower,includinginmining,barging,shiploading,dredging,portservices,
marketingandpowergeneration.

The subsidiaries combine with a range of contractors to produce and deliver coal with
industryleadingefficiencyandlowcost.

AsatMarch31st,2016,theGrouphad7,847permanentemployees.
August 2016
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 Adaro Energy Tbk. [S]
Main Board Individual Index : 94.545
Industry Sector : Mining (2) Listed Shares : 31,985,962,000
Industry Sub Sector : Coal Mining (21) Market Capitalization : 33,265,400,480,000
30 | 33.3T | 0.59% | 66.29%
36 | 9.37T | 0.68% | 71.50%

Established Date : 28-Jul-2004 1. PT Adaro Strategic Investments 14,045,425,500 : 43.91%
Listing Date : 16-Jul-2008 2. Garibaldi Thohir 1,976,632,654 : 6.18%
Under Writer IPO : 3. Public (<5%) 15,963,903,846 : 49.91%
PT Danatama Makmur
Securities Administration Bureau : DIVIDEND ANNOUNCEMENT
PT Ficomindo Buana Registrar Bonus Cash Recording Payment
F/I
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28, Year Shares Dividend Cum Date Ex Date Date Date
Karet - Setiabudi, Jakarta 12920 2008 11.80 25-Aug-09 26-Aug-09 28-Aug-09 11-Sep-09 F
Phone : (021) 521-2316, 2317 2009 12.00 11-Dec-09 14-Dec-09 16-Dec-09 30-Dec-09 I
Fax : (021) 521-2320 2009 17.00 02-Jun-10 03-Jun-10 07-Jun-10 18-Jun-10 F
2010 9.85 26-Nov-10 29-Nov-10 01-Dec-10 10-Dec-10 I
BOARD OF COMMISSIONERS 2010 20.50 27-May-11 30-May-11 01-Jun-11 09-Jun-11 F
1. Edwin Soeryadjaya 2011 21.35 28-Nov-11 29-Nov-11 01-Dec-11 09-Dec-11 I
2. Palgunadi Tatit Setyawan *) 2011 53.66 29-May-12 30-May-12 01-Jun-12 12-Jun-12 F
3. Raden Pardede *) 2012 12.13 29-May-12 30-May-12 01-Jun-12 12-Jun-12 I
4. Subianto 2012 10.65 26-Dec-12 27-Dec-12 02-Jan-13 15-Jan-13 I
5. Theodore Permadi Rachmat 2012 12.36 29-May-13 30-May-13 03-Jun-13 12-Jun-13 F
*) Independent Commissioners 2013 15.30 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
2013 13.47 26-May-14 28-May-14 02-Jun-14 12-Jun-14 F
BOARD OF DIRECTORS 2014 11.73 24-Dec-14 29-Dec-14 02-Jan-15 16-Jan-15 I
1. Garibaldi Thohir 2014 18.52 30-Apr-15 04-May-15 06-May-15 27-May-15 F
2. Chia Ah Hoo 2015 15.29 28-Dec-15 29-Dec-15 04-Jan-16 15-Jan-16 I
3. Christian Ariano Rachmat 2015 17.51 25-Apr-16 26-Apr-16 28-Apr-16 20-May-16 F
4. David Tendian
5. Julius Aslan ISSUED HISTORY
6. M. Syah Indra Aman Listing Trading
7. Siswanto Prawiroatmodjo No. Type of Listing Shares Date Date
1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08
AUDIT COMMITTEE 2. Company Listing 20,846,631,000 16-Jul-08 16-Apr-09
1. Palgunadi Tatit Setyawan
2. Irwandy Arif
3. Mamat Ma'mun
CORPORATE SECRETARY
Mahardika Putranto
HEAD OFFICE
Menara Karya 22rd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2
Jakarta - 12950
Phone : (021) 521-1265, 255-33040
Fax : (021) 579-44687, 579-44648
Homepage : www.adaro.com
Email : mahardika.putranto@ptadaro.com
corsec@ptadaro.com

TRADING ACTIVITIES
Adaro Energy Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,200 320 Jan-12 1,860 1,750 1,830 36,837 999,140 1,807,345 21
Feb-12 2,025 1,790 1,920 42,144 1,294,177 2,500,859 21
1,925 280 Mar-12 1,980 1,870 1,930 33,313 1,076,242 2,056,482 21
Apr-12 1,970 1,770 1,860 31,778 801,403 1,481,681 20
May-12 1,880 1,460 1,470 31,426 824,427 1,400,499 21
1,650 240
Jun-12 1,490 1,180 1,450 48,253 1,628,248 2,145,363 21
Jul-12 1,630 1,320 1,460 39,070 896,114 1,301,281 22
1,375 200
Aug-12 1,610 1,330 1,370 25,007 589,119 876,431 19
Sep-12 1,610 1,350 1,500 26,552 550,208 825,189 20
1,100 160
Oct-12 1,490 1,340 1,370 25,135 973,400 1,379,202 22
Nov-12 1,430 1,320 1,340 23,953 651,960 899,730 20
825 120 Dec-12 1,610 1,320 1,590 28,273 1,065,599 1,578,648 18
550 80 Jan-13 1,770 1,590 1,650 35,702 693,704 1,175,414 21

Feb-13 1,680 1,550 1,570 29,234 578,305 922,195 20
275 40 Mar-13 1,580 1,250 1,310 34,568 1,179,303 1,701,990 19
Apr-13 1,370 1,190 1,230 28,764 699,841 898,296 22
May-13 1,240 920 930 40,369 1,088,707 1,179,144 22
Jun-13 930 750 860 46,114 1,004,249 849,300 19
Jul-13 860 670 700 38,801 1,288,624 930,027 23
Aug-13 940 640 930 42,185 1,653,523 1,307,578 17
Sep-13 1,030 870 900 45,303 1,566,310 1,494,923 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 1,130 890 1,020 42,712 1,230,844 1,250,459 21
Mining Index Nov-13 1,240 1,010 1,130 49,717 1,820,926 2,085,692 20
January 2012 - July 2016 Dec-13 1,250 1,040 1,090 35,467 1,059,797 1,223,837 19
60%
Jan-14 1,110 870 950 67,166 1,717,526 1,651,052 20
40% Feb-14 995 880 995 52,885 1,197,188 1,126,593 20
33.5% Mar-14 1,040 945 980 59,759 1,369,759 1,357,397 20
20% Apr-14 1,205 930 1,185 55,961 1,295,481 1,355,337 20
May-14 1,320 1,100 1,225 60,224 1,439,612 1,768,558 18
- Jun-14 1,340 1,130 1,175 59,842 1,173,729 1,460,502 21
Jul-14 1,210 1,080 1,185 58,308 1,079,081 1,241,003 18
Aug-14 1,350 1,170 1,315 67,428 1,186,836 1,515,182 20
-20%
Sep-14 1,390 1,150 1,175 58,209 927,416 1,196,582 22
Oct-14 1,185 920 1,135 87,590 1,641,955 1,706,381 23
-40%
-43.2% Nov-14 1,150 980 1,080 55,494 1,174,713 1,247,984 20
-54.7% Dec-14 1,145 995 1,040 47,125 1,050,501 1,123,969 20
-60%
Jan-15 1,050 925 1,000 70,943 1,137,115 1,117,884 21

-80% Feb-15 1,025 940 960 53,979 1,400,629 1,385,742 19
Mar-15 1,035 935 950 61,722 1,137,398 1,117,337 22
-100% Apr-15 990 835 875 49,786 716,447 686,954 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 940 835 860 42,790 883,826 789,582 19
Jun-15 925 755 760 44,264 547,730 454,253 21
Jul-15 775 550 590 58,960 1,163,030 730,274 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 650 467 595 66,912 1,314,901 741,787 20
Volume (Million Sh.) 11,350 13,864 15,254 11,977 8,561 Sep-15 630 510 535 44,300 786,360 457,284 21
Value (Billion Rp) 18,253 15,019 16,751 9,198 6,458 Oct-15 710 515 595 72,138 1,316,804 825,705 21
Frequency (Thou. X) 392 469 730 647 426 Nov-15 660 525 550 40,268 801,156 481,184 21
Days 246 244 242 244 140 Dec-15 560 441 515 41,140 771,262 409,713 19
Price (Rupiah) Jan-16 540 437 525 49,972 717,704 348,594 20

High 2,025 1,770 1,390 1,050 1,090 Feb-16 655 500 605 49,294 992,131 591,215 20
Low 1,180 640 870 441 437 Mar-16 800 610 645 78,161 1,559,369 1,113,338 21
Close 1,590 1,090 1,040 515 1,040 Apr-16 770 645 730 62,752 1,311,115 936,423 21
Close* 1,590 1,090 1,040 515 1,040 May-16 730 655 710 42,427 699,543 490,135 20
Jun-16 945 705 850 85,576 2,086,354 1,771,262 22
PER (X) 13.78 12.29 9.27 7.83 10.90 Jul-16 1,090 860 1,040 57,749 1,195,084 1,207,282 16
PER Industry (X) 8.49 20.76 3.23 0.60 1.41
PBV (X) 1.76 0.89 0.81 0.36 0.76

Cash & Cash Equivalents 4,838,559 8,354,692 9,267,904 9,689,623 10,914,200 87,500
Receivables 4,692,058 3,822,657 3,571,196 2,732,288 3,428,711

623,589 1,260,706 1,203,096 1,004,079 849,359 70,000
Inventories
Current Assets 13,672,171 16,820,685 15,814,016 15,070,207 16,692,839
52,500
Fixed Assets 17,106,385 20,930,154 20,104,075 20,237,329 19,169,045
Other Assets 96,226 248,811 268,605 359,651 343,893
35,000
Total Assets 64,714,116 82,623,566 79,762,813 82,193,328 79,627,075
Growth (%) 27.67% -3.46% 3.05% -3.12% 17,500

Long Term Liabilities 27,056,457 33,927,838 29,595,155 29,672,453 27,510,864 2012 2013 2014 2015 Jun-16
Growth (%) 21.45% -9.66% -8.38% -4.62%
Authorized Capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 46,252 45,346
Paid up Capital 3,198,596 3,198,596 3,198,596 3,198,596 3,198,596
40,535
46,252
39,203
Par Value 100 100 100 100 100
36,816
28,962
Retained Earnings 10,314,612 14,940,038 16,302,141 19,132,402 19,359,048
27,381
Total Equity 28,962,172 39,202,687 40,534,794 46,251,875 45,345,685

Growth (%) 35.36% 3.40% 14.10% -1.96% 17,946
Total Revenues 35,996,469 40,308,692 41,355,222 37,029,662 15,497,215

Growth (%) 11.98% 2.60% -10.46%
-925
2012 2013 2014 2015 Jun-16
Cost of Revenues 25,914,314 31,238,880 32,404,572 29,535,382 11,507,788

Gross Profit 10,082,155 9,069,812 8,950,649 7,494,280 3,989,428
Expenses (Income) 1,994,321 2,514,135 2,859,099 2,916,314 872,885
Operating Profit 8,087,833 6,555,677 6,091,551 4,577,967 3,116,543 40,309 41,355
37,030
-18.94% -7.08% -24.85%
41,355
Growth (%) 35,996
32,919
Other Income (Expenses) -1,186,122 -1,411,062 -2,091,648 -716,019 -288,378

Tax 3,195,132 2,331,558 1,721,080 1,779,012 1,206,471 15,497

Profit for the period 3,706,579 2,813,057 2,278,822 2,082,935 1,621,694 16,046
Growth (%) -24.11% -18.99% -8.60%

7,609
Period Attributable 3,726,305 2,837,204 2,212,327 2,102,757 1,609,449 -827
Comprehensive Income 3,691,474 2,765,793 1,845,565 2,433,220 1,697,439 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 3,711,201 2,774,247 1,811,888 2,467,512 1,700,070
Current Ratio (%) 157.23 177.19 164.17 240.39 246.55
3,707
Dividend (Rp) 35.15 28.77 30.24 32.80 - 3,707
EPS (Rp) 116.50 88.70 69.17 65.74 50.32

2,813
BV (Rp) 905.47 1,225.62 1,267.27 1,446.01 1,417.67 2,950
2,279
DAR (X) 0.55 0.53 0.49 0.44 0.43 2,083
1.23 1.11 0.97 0.78 0.76
2,194
DER(X) 1,622
ROA (%) 5.73 3.40 2.86 2.53 2.04 1,438
ROE (%) 12.80 7.18 5.62 4.50 3.58

GPM (%) 28.01 22.50 21.64 20.24 25.74 682
OPM (%) 22.47 16.26 14.73 12.36 20.11

NPM (%) 10.30 6.98 5.51 5.63 10.46
-74
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 30.17 32.43 43.72 49.89 -
Yield (%) 2.21 2.64 2.91 6.37 -

COMPANY REPORT
AKRA
AKR CORPORINDO TBK.
Company Profile

The Companys scope of activities comprises of chemical industry, general trading and
distribution of primarily chemical products and petroleum products and gas, engaging in
thelogisticsbusiness,transportation(includingforownuseandfortransportoperationsby
land or sea and operations of pipe for sea transportation infrastructure), rental of
warehousesandstoragetanks,includingworkshop,expeditionandpackaging,conducting
abusinessandactingasarepresentativeand/oranagent,withdistributorshipagreements
withforeignandlocalentities,contractorsandotherservicesexceptlegalservices.

TheCompanyiscurrentlyengagedinthedistributionofpetroleumproductstoindustrial
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,transportationvehicles,tanksandotherlogisticservices.

TheCompanystarteditscommercialoperationsinJune1978.

The Company is domiciled at Wisma AKR, 8th Floor, JIn. Panjang No. 5, Kebon Jeruk,
Jakarta.ItsmajorbranchofficeislocatedatJIn.SumatraNo.5153,Surabaya.Othersales
offices also the tank terminals are located in Medan, Palembang, Lampung, Ciwandan
(Banten), Bandung, Semarang, Pontianak, Balikpapan, Banjarmasin, Stagen (South
Kalimantan),Makassar,ManadoandBali.TheCompanyalsohasarepresentativeofficein
Guigang,China.

AsofJune30th,2016,theCompanyandsubsidiarieshad2,369permanentemployees.
August 2016
Disclaimer:

AKRA AKRCorporindoTbk.[S]
Industry Sector : Trade, Services & Investment (9) Listed Shares : 3,990,227,170
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : 26,934,033,397,500
38 | 26.9T | 0.48% | 70.43%
26 | 14.3T | 1.03% | 63.85%
COMPANY HISTORY SHAREHOLDERS (January 2016)

Established Date : 28-Nov-1977 1. PT Arthakencana Rayatama 2,336,456,120 : 59.17%
Listing Date : 03-Oct-1994 2. Public (<5%) 1,612,574,115 : 40.83%
Under Writer IPO :
PT Lippo Securities DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 1994 50.00 11-Jul-95 12-Jul-95 20-Jul-95 11-Aug-95 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1995 230.00 From 30-Jan-95 Until 11-Jul-96 F
Phone : (021) 252-5666 1995 10 : 6 26-Feb-96 27-Feb-96 06-Mar-96 29-Mar-96 B
Fax : (021) 252-5028 1996 50.00 23-Jun-97 24-Jun-97 01-Aug-97 26-Aug-97 F
2002 25.00 03-Sep-03 04-Sep-03 08-Sep-03 19-Sep-03 F
BOARD OF COMMISSIONERS 2003 50.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
1. Soegiarto Adikoesoemo 2005 100.00 From 03-May-05 Until 19-Sep-06 F
2. I Nyoman Mastra *) 2006 65.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 F
3. Mahendra Siregar 2007 19.00 03-Jun-08 04-Jun-08 06-Jun-08 16-Jun-08 F
*) Independent Commissioners 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
BOARD OF DIRECTORS 2010 167.00 From 09-Dec-10 Until 20-Jun-11 F
1. Haryanto Adikoesoemo 2011 225.00 From 08-Sep-11 Until 25-Jun-12 F
2. Arief Budiman Utomo 2012 105.00 From 16-Jan-13 Until 20-Jun-13 F
3. Bambang Soetiono Soedijanto 2013 115.00 From 04-Oct-13 Until 24-Jun-14 F
4. Jimmy Tandyo 2014 130.00 From 26-Sep-14 Until 29-May-15 F
5. Mery Sofi 2015 190.00 From 21-Aug-15 Until 25-May-16 F
6. Nery Polim 2016 70.00 02-Aug-16 03-Aug-16 05-Aug-16 25-Aug-16 I
7. Suresh Vembu
8. Ter Murti Tiban ISSUED HISTORY
Listing Trading
AUDIT COMMITTEE No. Type of Listing Shares Date Date
1. I Nyoman Mastra 1. First Issue 15,000,000 03-Oct-94 03-Oct-94
2. Edwin Gerungan 2. Company Listing 50,000,000 T: 03-Oct-94 : 06-May-95
3. Sahat Pardede 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
CORPORATE SECRETARY 5. Right Issue 1,043,658,500 T: 20-Dec-04 : 16-Feb-10
Harryati Utami 6. OPSI Conversion 18,292,500 T: 11-Apr-08 : 15-Oct-09
7. Opsi MSOP Conversion I, II & III 26,537,500 T: 09-Apr-10 : 13-Oct-10
HEAD OFFICE 8. Opsi MSOP Conversion I & III 447,500 T: 12-Apr-10 : 15-Apr-10
Wisma AKR 7th - 8th Fl. 9. Opsi MSOP Conversion II, III & IV 28,607,500 T: 13-Apr-11 : 14-Apr-11
Jln. Panjang No. 5, Kebon Jeruk 10. Opsi MSOP Conversion II, III, IV 432,500 12-Oct-11 12-Oct-11
Jakarta 11. Opsi MSOP Conversion IV 195,000 T: 13-Oct-11 : 12-Apr-13
Phone : (021) 531-1110 12. Opsi MSOP Conversion III, IV, V 28,907,500 09-Apr-12 09-Apr-12
Fax : (021) 531-1185, 531-1388, 531-1128 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
Homepage : www.akr.co.id 15. MSOP V (2011) 3, I (2012) 2, I (2013) 1 22,714,000 T: 04-Apr-14 : 11-Apr-14
Email : harryati.utami@akr.co.id; tami@akr.co.id 16. MSOP V (2011) 3, I (2012) 2, II (2013) 1 9,996,174 07-Oct-14 07-Oct-14
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
19. MSOP I (2012) 3, II (2013) 2, 2014 5,549,400 T: 08-Apr-15 : 10-Apr-15
20. MSOP Tahap I Tahun 2012 Vesting 3 3,735,000 05-Oct-15 05-Oct-15
21. MSOP Tahap II Tahun 2013 Vesting 2 3,546,261 T: 05-Oct-15 : 08-Oct-15
22. MSOP Tahun 2014 Vesting 1 2,036,400 T: 07-Oct-15 : 12-Oct-15
23. MSOP Tahun 2014 Vesting 2 14,647,500 08-Apr-16 08-Apr-16
24. MSOP II 2013 V3, 2014 V2, 2015 V1 26,207,435 11-Apr-16 11-Apr-16
25. MSOP II 2013 V3, 2014 V2, 2015 V1 342,000 13-Apr-16 13-Apr-16

TRADING ACTIVITIES
AKR Corporindo Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 160 Jan-12 3,650 3,000 3,650 39,838 414,607 1,404,452 21
Feb-12 3,900 3,500 3,600 22,274 284,426 1,042,116 21
8,750 140 Mar-12 4,425 3,550 4,300 24,831 311,040 1,231,547 21
Apr-12 4,350 4,000 4,125 23,979 243,621 1,019,079 20
May-12 4,200 3,325 3,375 23,693 271,922 1,014,240 21
7,500 120
Jun-12 3,775 3,150 3,475 21,238 224,399 789,842 21
Jul-12 3,950 3,500 3,650 27,387 311,055 1,151,428 22
6,250 100
Aug-12 3,750 3,325 3,500 18,714 297,106 1,049,276 19
Sep-12 4,275 3,450 4,250 20,476 278,456 1,072,492 20
5,000 80
Oct-12 4,550 3,975 4,450 18,786 216,605 931,478 22
Nov-12 4,700 4,225 4,300 17,677 217,527 962,649 20
3,750 60 Dec-12 4,325 3,950 4,150 16,535 226,058 935,688 18
2,500 40 Jan-13 4,200 3,775 3,875 23,466 315,427 1,245,106 21

Feb-13 4,500 3,825 4,475 19,230 218,111 902,451 20
1,250 20 Mar-13 5,550 4,425 5,000 14,741 189,877 947,949 19
Apr-13 5,350 4,850 5,150 17,228 166,257 851,310 22
May-13 5,500 4,850 5,350 19,669 183,716 958,295 22
Jun-13 6,100 4,625 5,300 31,480 288,147 1,525,542 19
Jul-13 5,450 4,325 4,325 26,256 227,366 1,090,451 23
Aug-13 4,950 3,475 3,975 22,430 245,307 1,040,139 17
Sep-13 4,650 3,500 4,000 22,308 275,681 1,093,424 21
Trade, Sevices and Investment Index Nov-13 5,050 4,425 4,675 19,926 204,324 972,950 20
January 2012 - July 2016 Dec-13 4,975 4,350 4,375 14,061 129,874 616,656 19
175%
Jan-14 4,820 4,175 4,400 32,248 151,840 680,984 20
150% Feb-14 4,625 4,200 4,560 34,928 187,729 840,663 20
Mar-14 5,200 4,490 4,835 30,860 182,352 874,778 20
125% Apr-14 5,200 4,625 4,770 34,583 161,251 781,369 20
112.6% May-14 4,750 4,125 4,125 30,225 175,805 789,077 18
100% Jun-14 4,640 4,175 4,330 26,447 178,895 790,700 21
Jul-14 4,750 4,255 4,400 26,710 188,850 855,524 18
Aug-14 5,375 4,400 5,250 25,846 165,098 786,913 20
75%
Sep-14 5,825 5,050 5,450 28,569 160,850 853,493 22
Oct-14 5,475 4,700 4,925 29,475 160,511 796,156 23
50%
46.3% Nov-14 4,950 4,540 4,650 30,471 192,944 900,889 20
33.5% Dec-14 4,680 3,950 4,120 54,597 234,929 1,040,676 20
25%
Jan-15 4,750 4,110 4,695 50,776 274,374 1,245,406 21

- Feb-15 4,920 4,565 4,870 27,389 161,693 768,346 19
Mar-15 5,200 4,800 5,125 24,742 198,686 999,074 22
-25% Apr-15 5,675 4,960 5,200 32,243 261,347 1,384,596 21
Jun-15 6,225 5,100 5,925 24,500 114,486 645,479 21
Jul-15 6,100 5,200 5,750 34,681 155,464 877,200 19
Days 246 244 242 244 140 Dec-15 7,300 6,075 7,175 45,178 156,416 1,055,458 19
Price (Rupiah) Jan-16 7,900 6,700 7,350 51,362 203,633 1,469,733 20

High 4,700 6,100 5,825 7,300 8,450 Feb-16 8,450 7,150 8,175 48,921 135,035 1,050,475 20
Low 3,000 3,475 3,950 4,110 5,725 Mar-16 8,075 6,750 6,950 62,967 158,482 1,164,531 21
Close 4,150 4,375 4,120 7,175 6,750 Apr-16 7,100 6,350 6,500 52,211 183,729 1,240,587 21
Close* 4,150 4,375 4,120 7,175 6,750 May-16 6,500 5,725 6,400 55,208 207,763 1,272,982 20
Jun-16 6,475 5,800 6,400 42,995 187,797 1,152,130 22
PER (X) 21.15 26.19 20.90 27.41 23.25 Jul-16 6,925 6,400 6,750 38,261 108,541 727,304 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 3.80 3.17 2.84 3.89 3.43

Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)
Cash & Cash Equivalents 1,884,943 820,065 896,591 1,289,809 843,610 16,250
Receivables 3,224,397 4,351,773 4,350,615 3,093,357 3,009,276

1,415,169 1,823,246 934,877 2,598,793 3,021,837 13,000
Inventories
Current Assets 7,414,601 7,723,315 6,719,745 7,285,599 7,254,714
9,750
Fixed Assets 3,177,350 4,226,692 4,390,207 4,469,498 4,293,208
Other Assets 24,372 20,218 21,220 40,963 62,161
6,500
Total Assets 11,787,525 14,633,141 14,791,917 15,203,130 15,382,868
Growth (%) 24.14% 1.09% 2.78% 1.18% 3,250

Growth (%) 22.33% -4.74% -10.35% -6.03%
Authorized Capital 750,000 750,000 750,000 750,000 750,000 7,944
Paid up Capital 385,144 388,073 391,364 393,971 399,023 7,944
7,286
5,961
Par Value 100 100 100 100 100 5,363
6,323

4,703
Total Equity 4,209,740 5,363,161 5,961,183 7,286,175 7,943,554

Growth (%) 27.40% 11.15% 22.23% 9.02% 3,082
Total Revenues 21,673,954 22,337,928 22,468,328 19,764,821 7,367,975

Growth (%) 3.06% 0.58% -12.03%
-159
2012 2013 2014 2015 Jun-16
Cost of Revenues 20,412,678 20,970,288 20,736,407 17,548,827 6,358,366

Gross Profit 1,261,276 1,367,641 1,731,920 2,215,994 1,009,610
Expenses (Income) 430,920 600,059 695,937 866,825 242,745
Operating Profit 830,356 767,582 1,063,170 1,349,170 766,865 22,338 22,468
21,674
Growth (%) -7.56% 38.51% 26.90% 19,765
22,468
17,885

Income before Tax 809,682 733,053 993,344 1,317,021 739,549 13,301
Tax 190,849 117,426 202,780 233,174 104,522

7,368
Profit for the period 618,833 615,627 790,563 1,058,741 618,710
8,718
Growth (%) -0.52% 28.42% 33.92%

4,134
Period Attributable 649,314 648,250 810,094 1,033,630 585,562 -449
Comprehensive Income 755,870 980,588 739,586 1,084,776 484,536 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 775,371 969,250 756,333 1,046,610 467,875
Current Ratio (%) 144.19 117.14 108.67 149.56 162.59
1,059
Dividend (Rp) 105.00 115.00 130.00 120.00 70.00 1,059
EPS (Rp) 168.59 167.04 206.99 262.36 146.75

791
BV (Rp) 1,093.03 1,382.00 1,523.18 1,849.42 1,990.75 843
DAR (X) 0.64 0.63 0.60 0.52 0.48 619 616 619
1.80 1.73 1.48 1.09 0.94
627
DER(X)
ROA (%) 5.25 4.21 5.34 6.96 4.02 411
ROE (%) 14.70 11.48 13.26 14.53 7.79

GPM (%) 5.82 6.12 7.71 11.21 13.70 195
OPM (%) 3.83 3.44 4.73 6.83 10.41

NPM (%) 2.86 2.76 3.52 5.36 8.40
-21
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 62.28 68.84 62.80 45.74 47.70
Yield (%) 2.53 2.63 3.16 1.67 1.09

COMPANY REPORT
ANTM
ANEKA TAMBANG (PERSERO) TBK.
Company Profile
ANTAMisaverticallyintegrated,exportoriented,diversifiedminingandmetalscompany.
With operations spread throughout the mineralrich Indonesian archipelago, ANTAM
undertakesallactivitiesfromexploration,excavation,processingthroughtomarketingof
nickelore,ferronickel,gold,silver,bauxiteandcoal.Thecompanyhaslongtermloyalblue
chip customers in Europe and Asia. Due to the vastness of the company's licensed
explorationareasaswellasitsknownlargeholdingsofhighqualityreservesandresources,
ANTAMhasformedseveraljointventureswithinternationalpartnerstoprofitablydevelop
geologicalorebodiesintoprofitablemines.
ANTAM's objectives are centered on increasing shareholder value. The company's main
objective is to enhance shareholder value by lowering costs while profitably expanding
operationsinasustainablemanner.ThestrategymaintainsfocusonANTAM'scorebusiness
of nickel, gold and bauxite with a view to maximizing output in order to increase cash
generationandlowerunitcosts.ANTAMplanstosustaingrowththroughreliableexpansion
projects,strategicalliances,increasingqualityreservesandaddingvaluebymovingaway
from selling raw materials and increasing processing activities. ANTAM will also maintain
financial strength. By generating as much cash as possible ANTAM ensures it will have
sufficientfundstorepaydebts,financecontinuedgrowthandpaydividends.Loweringcosts
meansoperatingmoreefficientlyandproductively,aswellasincreasingcapacitytobenefit
fromeconomiesofscale.
2015wasachallengingyearfortheglobalminingindustryduelowercommoditypricesasa
result of the slowdown in global economy condition. Despite these challenges, in 2015
ANTAMsoperationalperformanceremainedpositive.ANTAMwasfocusingoninnovation
and efficiency in its line of businesses. ANTAM also strived to create and implement its
winningstrategytocapturethegrowthpotentialdespitechallengingtimes.ANTAMsefforts
to ensure the successful delivery of its commitment will determine the companys
sustainability.Throughtheseefforts,ANTAMremainedoptimisticofitsfuture.

AsofJune30th,2016,theCompanyandsubsidiarieshad3,598 permanentemployees.
August 2016
Disclaimer:

ANTM Aneka Tambang (Persero) Tbk. [S]
Industry Sub Sector : Metal And Mineral Mining (23) Market Capitalization : 19,104,457,956,375
52 | 19.1T | 0.34% | 76.12%
20 | 16.7T | 1.20% | 57.30%

Established Date : 05-Jul-1968 1. Negara Republik Indonesia 15,620,000,000 : 65.00%
Listing Date : 27-Nov-1997 2. Public (<5%) 8,410,764,725 : 35.00%
Under Writer IPO :
PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT
PT Bahana Securities Bonus Cash Recording Payment
F/I
PT Pentasena Arthasentosa Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1997 11.00 29-Jun-98 30-Jun-98 09-Jul-98 06-Aug-98 F
PT Datindo Entrycom 1997 11.59 01-Oct-98 02-Oct-98 12-Oct-98 09-Nov-98 F
Wisma Sudirman - Puri Datindo 1998 50.00 29-Jun-99 30-Jun-99 08-Jul-99 06-Aug-99 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 1998 53.87 04-Oct-99 05-Oct-99 13-Oct-99 10-Nov-99 F
Phone : (021) 570-9009 1999 79.19 05-Jun-00 06-Jun-00 14-Jun-00 28-Jun-00 F
2000 75.66 23-Oct-01 24-Oct-01 29-Oct-01 12-Nov-01 F
BOARD OF COMMISSIONERS 2001 100 : 55 10-Jul-02 11-Jul-02 17-Jul-02 30-Jul-02 B
1. Fachrul Razi 2001 47.10 05-Aug-02 06-Aug-02 09-Aug-02 23-Aug-02 F
2. Bambang Gatot Ariyono 2001 46.77 28-Oct-02 29-Oct-02 01-Nov-02 15-Nov-02 F
3. Hikmahanto Juawana *) 2002 34.42 17-Jul-03 18-Jul-03 21-Jul-03 05-Aug-03 F
4. Laode M. Kamaluddin *) 2003 38.60 18-Jun-04 21-Jun-04 23-Jun-04 30-Jun-04 F
5. Robert A. Simanjuntak 2004 19.60 23-Dec-04 27-Dec-04 29-Dec-04 10-Jan-05 I
6. Zaelani 2005 128.48 20-Jun-05 21-Jun-05 23-Jun-05 30-Jun-05
*) Independent Commissioners 2005 150.05 22-Jun-06 23-Jun-06 27-Jun-06 11-Jul-06 F
2006 325.58 21-Jun-07 22-Jun-07 26-Jun-07 06-Jul-07 F
BOARD OF DIRECTORS 2007 215.23 17-Jul-08 18-Jul-08 22-Jul-08 01-Aug-08 F
1. Tedy Badrujaman 2008 57.47 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F
2. Agus Zamzam Jamaludin 2009 25.38 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
3. Dimas Wikan Pramudhito 2010 70.71 06-Jul-11 07-Jul-11 11-Jul-11 25-Jul-11 F
4. Hari Widjajanto 2011 90.99 27-Jun-12 28-Jun-12 02-Jul-12 16-Jul-12 F
5. I Made Surata 2012 47.09 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
6. Johan N.B Nababan 2013 9.67 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F
AUDIT COMMITTEE ISSUED HISTORY

1. Laode M. Kamaluddin Listing Trading
2. Musyid Amal No. Type of Listing Shares Date Date
3. Rukmana Nugraha Adhi 1. Negara RI (Seri A) 1 27-Nov-97 16-Jun-10
4. Zaelani 2. First Issue 430,769,000 27-Nov-97 27-Nov-97
3. Company Listing 799,999,999 27-Nov-97 31-Jul-98
CORPORATE SECRETARY 4. Bonus Shares 676,922,950 30-Jul-02 30-Jul-02
Trenggono Sutiyoso 5. Stock Split 7,630,767,800 12-Jul-07 12-Jul-07
6. Right Issue I 9,770,941,207 27-Oct-15 27-Oct-15
HEAD OFFICE 7. Right Issue I 1,419,898,697 28-Oct-15 28-Oct-15
Aneka Tambang Building 8. Right Issue I 1,738,706,667 30-Oct-15 30-Oct-15
Jln. Letjen TB. Simatupang No. 1 9. Right Issue I 1,144,096,939 02-Nov-15 02-Nov-15
Jakarta 12530 10. Right Issue I 418,661,465 03-Nov-15 03-Nov-15
Phone : (021) 780-5119, 789-1234, 781-2635
Fax : (021) 781-2822, 789-1224
Homepage : www.antam.com
Email : corsec@antam.com

ANTM Aneka Tambang (Persero) Tbk. [S]
TRADING ACTIVITIES
Aneka Tambang (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
1,800 800 Jan-12 1,900 1,610 1,880 21,460 294,174 514,604 21
Feb-12 2,025 1,850 1,960 19,018 218,301 421,270 21
1,575 700 Mar-12 1,950 1,760 1,800 18,690 202,265 372,554 21
Apr-12 1,880 1,690 1,720 20,048 217,725 386,105 20
May-12 1,740 1,130 1,150 36,598 698,455 899,892 21
1,350 600
Jun-12 1,420 1,120 1,340 44,270 961,176 1,208,483 21
Jul-12 1,430 1,250 1,280 19,719 276,788 374,594 22
1,125 500
Aug-12 1,310 1,200 1,240 13,345 113,522 141,641 19
Sep-12 1,430 1,220 1,350 25,003 318,219 429,649 20
900 400
Oct-12 1,380 1,260 1,280 18,561 182,987 239,942 22
Nov-12 1,310 1,220 1,240 12,016 107,020 135,154 20
675 300 Dec-12 1,310 1,220 1,280 14,100 229,189 290,864 18
450 200 Jan-13 1,450 1,280 1,360 22,216 334,911 459,571 21

Feb-13 1,410 1,260 1,290 21,263 276,248 370,664 20
225 100 Mar-13 1,410 1,270 1,370 21,935 369,713 498,521 19
Apr-13 1,460 1,340 1,380 29,241 379,964 531,390 22
May-13 1,390 1,260 1,280 12,742 163,731 219,021 22
Jun-13 1,280 960 1,000 19,890 222,828 239,560 19
Jul-13 1,320 930 1,160 35,090 484,551 558,097 23
Aug-13 1,420 1,160 1,330 28,844 459,193 604,265 17
Sep-13 1,540 1,290 1,420 26,297 466,526 670,454 21
Mining Index Nov-13 1,610 1,250 1,260 20,019 304,490 419,207 20
January 2012 - July 2016 Dec-13 1,300 990 1,090 25,778 383,286 449,913 19
60%
Jan-14 1,110 950 1,030 43,472 652,147 670,288 20
40% Feb-14 1,080 995 1,040 34,919 573,538 597,164 20
33.5% Mar-14 1,190 1,025 1,135 53,411 1,188,495 1,334,140 20
20% Apr-14 1,265 1,065 1,175 38,135 798,966 930,016 20
May-14 1,290 1,140 1,200 37,606 849,434 1,038,684 18
- Jun-14 1,210 1,070 1,090 20,978 284,324 330,285 21
Jul-14 1,270 1,085 1,270 24,346 403,327 476,916 18
Aug-14 1,275 1,185 1,195 21,286 316,265 391,847 20
-20%
Sep-14 1,225 1,070 1,110 25,680 282,688 327,543 22
Oct-14 1,110 925 970 35,500 400,479 390,151 23
-40%
-43.0% Nov-14 1,010 920 980 20,237 247,078 237,171 20
-54.7% Dec-14 1,120 945 1,065 25,530 315,920 321,526 20
-60%
Jan-15 1,135 1,015 1,065 27,277 358,666 386,504 21

-80% Feb-15 1,080 990 1,005 15,857 198,657 206,880 19
Mar-15 1,020 850 865 18,637 173,597 176,292 22
-100% Apr-15 925 790 795 13,826 119,720 111,098 21
Jun-15 780 675 680 14,582 105,278 77,529 21
Jul-15 685 475 475 16,768 144,244 131,865 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 655 450 500 46,189 739,580 428,743 20
Volume (Million Sh.) 3,820 4,137 6,313 12,009 21,907 Sep-15 540 465 486 34,277 416,378 208,489 21
Value (Billion Rp) 5,415 5,465 7,046 5,387 12,506 Oct-15 540 372 378 131,861 3,888,004 1,600,412 21
Frequency (Thou. X) 263 282 381 515 520 Nov-15 380 306 315 131,304 4,300,732 1,499,127 21
Days 246 244 242 244 140 Dec-15 337 285 314 50,579 1,421,659 445,595 19
Price (Rupiah) Jan-16 335 292 329 62,777 2,410,865 759,355 20

High 2,025 1,620 1,290 1,135 860 Feb-16 375 328 364 53,244 2,717,517 984,664 20
Low 1,120 930 920 285 292 Mar-16 481 360 464 79,723 4,128,364 1,879,203 21
Close 1,280 1,090 1,065 314 795 Apr-16 775 458 760 113,912 5,409,195 3,476,843 21
Close* 1,075 916 895 314 795 May-16 780 625 650 47,998 1,825,883 1,303,940 20
Jun-16 780 640 725 84,693 3,099,489 2,265,324 22
PER (X) 4.08 25.36 -13.51 -5.24 851.33 Jul-16 860 710 795 77,562 2,315,202 1,836,504 16
PER Industry (X) 8.49 20.76 3.23 0.60 1.41
PBV (X) 0.95 0.81 0.84 0.41 0.98

ANTM AnekaTambang(Persero)Tbk.[S]
Receivables 1,846,918 1,189,692 1,098,938 578,145 723,415

1,449,968 2,445,934 1,761,888 1,752,585 1,558,939 25,000
Inventories
Current Assets 7,646,851 7,080,437 6,343,110 11,252,827 10,528,614
18,750
Fixed Assets 4,663,449 6,700,156 8,699,660 12,267,804 12,565,129
Other Assets 61,874 72,239 88,724 81,249 73,449
12,500
Total Assets 19,708,541 21,865,117 22,044,202 30,356,851 29,689,978
Growth (%) 10.94% 0.82% 37.71% -2.20% 6,250

Growth (%) 31.93% 11.50% 19.04% -5.52%
Paid up Capital 953,846 953,846 953,846 2,403,076 2,403,076 18,317

Par Value 100 100 100 100 100
14,580
12,832 12,793
11,930
Retained Earnings 11,748,920 11,758,294 10,890,770 9,593,048 -10,400,990
10,843
Total Equity 12,832,316 12,793,488 11,929,561 18,316,719 18,314,582

Growth (%) -0.30% -6.75% 53.54% -0.01% 7,107
Total Revenues 10,449,886 11,298,322 9,420,631 10,531,505 4,162,661

Growth (%) 8.12% -16.62% 11.79%
-366
2012 2013 2014 2015 Jun-16
Cost of Revenues 8,427,158 9,682,521 8,644,136 10,336,364 4,042,783

Gross Profit 2,022,728 1,615,801 776,495 195,141 119,879
Expenses (Income) 1,126,864 1,194,769 955,900 896,579 370,593
Operating Profit 895,864 421,032 -179,405 -701,439 -250,715 11,298
10,450 10,532
Growth (%) -53.00% N/A -290.98%
11,298
9,421
8,993
Other Income (Expenses) 2,999,631 -553,962 -653,730 -967,335 351,617

Income before Tax 3,895,495 -132,930 -833,135 -1,668,774 100,903 6,689
Tax 902,379 -542,878 -57,849 -227,921 89,874 4,163

Profit for the period 2,993,116 409,947 -775,286 -1,440,853 11,029
4,384
Growth (%) -86.30% N/A -85.85%

2,079
Period Attributable 2,993,115 409,944 -775,287 -1,440,852 11,031 -226
Comprehensive Income 2,989,025 410,139 -775,179 912,556 -2,137 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 2,989,024 410,135 -775,180 912,557 -2,135
Current Ratio (%) 251.42 183.64 164.21 259.32 269.79
2,993
Dividend (Rp) 47.09 9.67 - - - 2,993
EPS (Rp) 313.79 42.98 -81.28 -59.96 0.46

BV (Rp) 1,345.32 1,341.25 1,250.68 762.22 762.13 2,106
DAR (X) 0.35 0.41 0.46 0.40 0.38

0.54 0.71 0.85 0.66 0.62
1,220
DER(X)
410
ROA (%) 15.19 1.87 -3.52 -4.75 0.04 333
2014 2015 11
ROE (%) 23.32 3.20 -6.50 -7.87 0.06
GPM (%) 19.36 14.30 8.24 1.85 2.88 -554
2012 2013 Jun-16
OPM (%) 8.57 3.73 -1.90 -6.66 -6.02 -775
NPM (%) 28.64 3.63 -8.23 -13.68 0.26
-1,441
-1,441
Payout Ratio (%) 15.01 22.50 - - -
Yield (%) 3.68 0.89 - - -

COMPANY REPORT
ASII
ASTRA INTERNATIONAL TBK.
Company Profile
PTAstraInternationalTbk.wasestablishedin1957asPTAstraInternationalIncorporated.
In1990,thecompanychangeditsnametoPTAstraInternationalTbk.

ThescopeofthecompanysactivitiesassetoutinitsArticlesofAssociationaretoengage
in general trading, industry, mining, transportation, agriculture, construction and
consultancyservices.Thesubsidiariesmainactivitiesaretheassemblyanddistributionof
automobiles, motorcycles and related spare parts, heavy equipment sales and rentals,
mining and related services, development of plantation, financial services, infrastructure,
andinformationtechnology.

The Companyss largest shareholder is Jardine Cycle & Carriage Ltd., a company
incorporatedinSingapore.JardineCycle&CarriageLtd.isasubsidiaryofJardineMatheson
HoldingsLtd.,acompanyincorporatedinBermuda.

AsatJune30th,2016,theCompanyanditssubsidiarieshad141,266employees.
August 2016
Disclaimer:

ASII Astra International Tbk. [S]
Industry Sector : Miscellaneous Industry (4) Listed Shares : 40,483,553,140
Industry Sub Sector : Automotive And Components (42) Market Capitalization : 312,735,448,006,500
5 | 312.7T | 5.57% | 33.09%
3 | 80.0T | 5.77% | 18.57%

Established Date : 20-Feb-1957 1. Jardine Cycle & Carriage Limited 20,288,255,040 : 50.11%
Listing Date : 04-Apr-1990 2. Public (<5%) 20,195,298,100 : 49.89%
Under Writer IPO :
F/I
Plaza Central Building 2nd Fl. 1990 100.00 05-Nov-90 06-Nov-90 13-Nov-90 27-Nov-90 I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1990 150.00 02-May-91 03-May-91 13-May-91 10-Jun-91 F
Phone : (021) 252-5666 1991 100.00 12-Nov-91 13-Nov-91 20-Nov-91 16-Dec-91 I
Fax : (021) 252-5028 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 09-Jul-93 09-Aug-93 F
BOARD OF COMMISSIONERS 1993 225.00 13-Jun-94 14-Jun-94 21-Jun-94 21-Jul-94 F
1. Budi Setiadharma 1993 1:3 29-Jul-94 01-Aug-94 08-Aug-94 07-Sep-94 F
2. Adrian Teng Wei Ann 1994 80.00 22-Jun-95 23-Jun-95 03-Jul-95 31-Jul-95 F
3. Anthony John Liddell Nightingale 1995 90.00 25-Jun-96 26-Jun-96 04-Jul-96 31-Jul-96 F
4. Benjamin William Keswick 1996 120.00 30-Jun-97 01-Jul-97 09-Jul-97 29-Jul-97 F
5. David Alexander Newbigging 2003 50.00 01-Dec-03 02-Dec-03 04-Dec-03 18-Dec-03 I
6. John Raymond Witt 2003 170.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
7. Jonathan Chang 2004 100.00 01-Nov-04 02-Nov-04 04-Nov-04 12-Nov-04 F
8. Mari Elka Pangestu *) 2005 270.00 16-Jun-05 17-Jun-05 21-Jun-05 04-Jul-05
9. Mark Spencer Greenberg 2005 100.00 09-Nov-05 10-Nov-05 14-Nov-05 24-Nov-05 I
10. Michinobu Sugata *) 2005 340.00 15-Jun-06 16-Jun-06 20-Jun-06 04-Jul-06 F
11. Muhamad Chatib Basri *) 2006 150.00 20-Oct-06 30-Oct-06 01-Nov-06 15-Nov-06 I
12. Sidharta Utama *) 2006 290.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 F
*) Independent Commissioners 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
BOARD OF DIRECTORS 2008 570.00 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F
1. Prijono Sugiarto 2009 830.00 16-Jun-10 17-Jun-10 21-Jun-10 05-Jul-10 F
2. Bambang Widjanarko Santoso 2010 470.00 27-Oct-10 28-Oct-10 01-Nov-10 15-Nov-10 I
3. Chiew Sin Cheok 2011 600.00 26-Oct-11 27-Oct-11 31-Oct-11 14-Nov-11 I
4. Djoko Pranoto 2011 1,380.00 16-May-12 21-May-12 23-May-12 06-Jun-12 F
5. Djony Bunarto Tjondro 2012 66.00 18-Oct-12 19-Oct-12 23-Oct-12 07-Nov-12 I
6. Gidion Hasan 2012 150.00 20-May-13 21-May-13 23-May-13 07-Jun-13 F
7. Gunawan Geniusahardja 2013 64.00 10-Oct-13 11-Oct-13 17-Oct-13 31-Oct-13 I
8. Johannes Loman 2013 152.00 22-May-14 23-May-14 28-May-14 12-Jun-14 F
9. Sudirman Maman Rusdi 2014 64.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 I
10. Suparno Djasmin 2014 152.00 06-May-15 07-May-15 11-May-15 29-May-15 F
11. Widya Wiryawan 2015 64.00 25-Sep-15 28-Sep-15 30-Sep-15 21-Oct-15 I
2015 113.00 04-May-16 09-May-16 11-May-16 27-May-16 F
AUDIT COMMITTEE
1. Muhamad Chatib Basri ISSUED HISTORY
2. Adrian Teng Wei Ann Listing Trading
3. Harry Wiguna No. Type of Listing Shares Date Date
4. Inget Sembiring 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
CORPORATE SECRETARY 3. Company Listing 184,893,000 T: 18-Dec-91 : 02-Jan-92
Gita Tiffany Boer 4. Koperasi 2,500,000 T: 18-Dec-91 : 31-Dec-99
5. Right Issue 1,453,219,775 T: 03-Jan-94 : 21-Jan-03
HEAD OFFICE 6. Bonus Shares 871,912,800 08-Sep-94 08-Sep-94
AMDI Building 7. CB Conversion 280,837 T: 12-Mar-97 : 07-Aug-97
Jln. Gaya Motor Raya No. 8 Sunter II, Jakarta 14330 8. Stock Split 37,598,029,063 T: 01-Sep-97 : 05-Jun-12
Phone : (021) 652-2555, 653-10418 9. Right Conversion 262,168,650 T: 24-Apr-00 : 19-Jan-04
Fax : (021) 651-2058, 2059, 653-04957 10. Option I 8,637,003 T: 16-Oct-00 : 16-Feb-01
Homepage : www.astra.co.id 11. Option I Conversion 16,203,924 T: 31-Jul-01 : 26-Apr-02
Email : gita.tiffanyboer@ai.astra.co.id 12. Option II Conversion 30,903,088 T: 26-Apr-02 : 25-May-04

TRADING ACTIVITIES
Astra International Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 240 Jan-12 79,650 73,500 78,900 31,100 60,335 4,672,194 21
Feb-12 79,200 67,100 70,850 68,125 130,669 9,466,255 21
8,750 210 Mar-12 74,200 68,750 73,950 48,766 83,919 5,984,168 21
Apr-12 77,100 70,650 71,000 37,681 68,944 5,052,940 20
May-12 74,250 64,200 64,300 46,178 90,988 6,242,152 21
7,500 180
Jun-12 64,200 6,400 6,850 61,324 816,809 6,070,144 21
Jul-12 7,100 6,250 7,000 65,520 943,478 6,342,540 22
6,250 150
Aug-12 7,400 6,600 6,750 44,874 635,813 4,486,738 19
Sep-12 7,550 6,700 7,400 41,289 694,972 5,034,167 20
5,000 120
Oct-12 8,300 7,250 8,050 47,388 931,778 7,387,900 22
Nov-12 8,000 7,200 7,250 59,594 832,310 6,351,667 20
3,750 90 Dec-12 7,700 6,800 7,600 58,107 918,874 6,627,662 18
2,500 60 Jan-13 7,900 7,300 7,350 56,816 830,431 6,337,529 21

Feb-13 8,000 7,400 7,950 39,847 683,833 5,281,553 20
1,250 30 Mar-13 8,300 7,500 7,900 54,594 849,305 6,681,437 19
Apr-13 8,000 7,150 7,350 52,759 694,670 5,273,240 22
May-13 7,550 6,900 7,050 62,249 1,230,559 8,777,900 22
Jun-13 7,200 6,150 7,000 73,759 1,015,404 6,914,932 19
Jul-13 6,950 6,300 6,500 50,329 667,841 4,413,435 23
Aug-13 6,800 5,100 6,050 58,095 660,601 4,038,190 17
Sep-13 7,500 5,400 6,450 69,701 1,169,088 7,443,312 21
Miscellaneous Industry Index Nov-13 6,850 6,150 6,250 54,611 662,358 4,332,899 20
January 2012 - July 2016 Dec-13 6,850 6,050 6,800 41,591 490,150 3,116,581 19
60%
Jan-14 7,400 6,250 6,425 86,235 784,137 5,339,224 20
45% Feb-14 7,000 6,225 6,950 81,243 984,624 6,596,656 20
Mar-14 8,000 6,725 7,375 94,022 1,300,924 9,611,270 20
33.5%
30% Apr-14 8,050 7,350 7,425 91,055 1,107,076 8,532,595 20
May-14 7,800 7,075 7,075 76,478 925,623 6,955,904 18
15% Jun-14 7,525 7,075 7,275 72,784 680,106 4,942,665 21
Jul-14 8,050 7,325 7,725 70,195 797,969 6,102,553 18
Aug-14 8,000 7,550 7,575 67,060 493,646 3,789,351 20
- 0.1%
-5.6% Sep-14 7,750 6,950 7,050 71,620 652,110 4,783,683 22
Oct-14 7,075 6,325 6,775 92,669 963,442 6,379,608 23
-15%
Nov-14 7,200 6,700 7,125 59,454 514,457 3,588,238 20
Dec-14 7,475 6,850 7,425 65,313 623,730 4,447,913 20
-30%
Jan-15 8,100 7,000 7,850 80,784 804,490 6,050,554 21

-45% Feb-15 8,175 7,450 7,850 72,728 692,429 5,401,520 19
Mar-15 8,575 7,800 8,575 77,266 1,094,749 8,817,908 22
-60% Apr-15 8,575 6,700 6,850 81,463 962,611 7,475,288 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 7,950 6,950 7,300 64,001 657,248 4,891,329 19
Jun-15 7,350 6,550 7,075 79,359 735,267 5,126,440 21
Jul-15 7,150 6,325 6,650 62,675 381,032 2,576,235 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 6,875 5,450 5,925 83,564 881,000 5,385,567 20
Frequency (Thou. X) 610 669 928 1,011 662 Nov-15 6,850 5,800 5,925 105,808 1,168,021 7,428,850 21
Days 246 244 242 244 140 Dec-15 6,600 5,800 6,000 102,962 1,002,948 6,241,308 19
Price (Rupiah) Jan-16 6,450 5,700 6,450 100,020 1,286,937 7,745,522 20

High 79,650 8,300 8,050 8,575 7,850 Feb-16 7,150 6,050 6,800 114,269 1,323,536 8,865,281 20
Low 6,250 5,100 6,225 4,975 5,700 Mar-16 7,525 6,575 7,250 97,271 1,019,546 7,273,311 21
Close 7,600 6,800 7,425 6,000 7,725 Apr-16 7,850 6,600 6,725 85,928 904,645 6,505,517 21
Close* 7,600 6,800 7,425 6,000 7,725 May-16 6,800 6,000 6,600 83,719 892,157 5,771,878 20
Jun-16 7,400 6,500 7,400 95,059 976,858 6,664,491 22
PER (X) 13.70 14.18 15.56 16.79 23.75 Jul-16 7,825 6,975 7,725 85,978 1,025,887 7,578,146 16
PER Industry (X) 18.33 13.91 14.44 0.95 8.77
PBV (X) 3.43 2.59 2.60 1.92 2.60

Receivables 38,608,000 51,645,000 54,759,000 53,005,000 54,913,000

15,285,000 14,433,000 16,986,000 18,337,000 15,477,000 200,000
Inventories
Current Assets 75,799,000 88,352,000 97,241,000 105,161,000 106,987,000
150,000
Fixed Assets 34,326,000 37,862,000 41,250,000 41,702,000 41,588,000
Other Assets 1,824,000 2,490,000 2,869,000 2,978,000 3,186,000
100,000
Total Assets 182,274,000 213,994,000 236,029,000 245,435,000 249,554,000
Growth (%) 17.40% 10.30% 3.99% 1.68% 50,000

Growth (%) 16.60% 7.33% 2.76% 0.55%
126,533
Paid up Capital 2,024,178 2,024,178 2,024,178 2,024,000 2,024,000 129,997
120,324
Paid up Capital (Shares) 40,484 40,484 40,484 40,480 40,480 106,188
Par Value 50 50 50 50 50 89,814

103,478

76,958
Total Equity 89,814,000 106,188,000 120,324,000 126,533,000 129,997,000

Growth (%) 18.23% 13.31% 5.16% 2.74% 50,439
Total Revenues 188,053,000 193,880,000 201,701,000 184,196,000 88,208,000

Growth (%) 3.10% 4.03% -8.68%
-2,600
2012 2013 2014 2015 Jun-16
Cost of Revenues 151,853,000 158,569,000 162,892,000 147,486,000 71,361,000

Gross Profit 36,200,000 35,311,000 38,809,000 36,710,000 16,847,000
Expenses (Income) 8,302,000 7,788,000 11,457,000 17,080,000 6,615,000
188,053 193,880
184,196
Growth (%)
160,554

88,208
Tax 5,156,000 5,226,000 5,227,000 4,017,000 1,922,000
Growth (%) -1.96% -0.77% -29.43%

37,113
Period Attributable 19,421,000 19,417,000 19,181,000 14,464,000 7,116,000 -4,034
Current Ratio (%) 139.91 124.20 132.26 137.93 134.27
22,742 22,297 22,125
Dividend (Rp) 216.00 216.00 216.00 177.00 -
EPS (Rp) 479.73 479.63 473.80 357.31 175.79
BV (Rp) 2,218.53 2,622.99 2,972.17 3,125.82 3,211.39 18,103
15,613
DAR (X) 0.51 0.50 0.49 0.48 0.48
1.03 1.02 0.96 0.94 0.92
13,463
DER(X)
ROA (%) 12.48 10.42 9.37 6.36 3.33 8,310
8,824
ROE (%) 25.32 21.00 18.39 12.34 6.39

GPM (%) 19.25 18.21 19.24 19.93 19.10 4,185
OPM (%) - - - - -
NPM (%) 12.09 11.50 10.97 8.48 9.42
-455
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 45.03 45.04 45.59 49.54 -
Yield (%) 2.84 3.18 2.91 2.95 -

COMPANY REPORT
ASRI
ALAM SUTERA REALTY TBK.
Company Profile

PT Alam Sutera Realty Tbk. was established on November 3rd, 1993. The Company
commenceditsoperationalactivityandpurchasedthelandin1999.

TheCompanysactivitiesaredevelopingandmanagehousing.GroupisdomiciledatWisma
Argo Manunggal, Jln. Jend. Gatot Subroto Kav. 22, Jakarta and has real estate projects
whicharelocatedat:
Kec. Serpong, Kab. Tangerang, and Kec. Pasar Kemis, Kab. Tangerang, Province
Banten,
Kec.SetiaBudi,JakartaSelatan,
Kec.KutaSelatan,Badung,Bali.

Andownslandsfordevelopmentlocatedin:
Kec.Pinang,Kec.PasarKemis,Kab.Tangerang,ProvinceBanten,
Kec.Pacet,Kab.Cianjur,ProvinceWestJava
Kec.TanjungPinang,ProvinceRiau,
Kec.DenpasarSelatanandBadung,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
SuteraprojectsinPasarKemis,Tangerang.

AlamSuterabelievesthatallthedevelopmenteffortsmusttakeenvironmentalissuesinto
accountseriously.Theecofriendlydevelopmentmeantmorethanamarketinggimmick
it is the companys 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
examplehowtodevelopasustainablegreencommunity.

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.

TheCompanyandsubsidiarieshad1,463employeesasofJune30th,2016.
August 2016
Disclaimer:

ASRI AlamSuteraRealtyTbk.[S]
Industry Sub Sector : Property And Real Estate (61) Market Capitalization : 10,315,941,241,200
82 | 10.3T | 0.18% | 83.50%
47 | 7.80T | 0.56% | 78.41%

Established Date : 03-Nov-1993 1. PT Manunggal Prime Development 3,610,505,464 : 18.37%
Listing Date : 18-Dec-2007 2. Tangerang Fajar Industrial Estate 2,982,450,000 : 15.18%
Under Writer IPO : 3. PT Tangerang Fajar Industrial Estate 1,971,650,000 : 10.03%
PT Ciptadana Securities 4. MKES-Client Repo 1,571,229,100 : 8.00%
Securities Administration Bureau : 5. Public (<5%) 9,513,577,324 : 48.42%
PT Raya Saham Registra
Plaza Central Building 2nd Fl. DIVIDEND ANNOUNCEMENT
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 Bonus Cash Recording Payment
F/I
Phone : (021) 252-5666 Year Shares Dividend Cum Date Ex Date Date Date
Fax : (021) 252-5028 2008 0.69 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
BOARD OF COMMISSIONERS 2010 4.03 01-Jul-11 04-Jul-11 06-Jul-11 20-Jul-11 F
1. Harjanto Tirtohadiguno 2011 6.13 05-Jul-12 06-Jul-12 10-Jul-12 24-Jul-12 F
2. Angeline Sutedja 2012 14.60 25-Jun-13 26-Jun-13 28-Jun-13 12-Jul-13 F
3. Pingki Elka Pangestu *) 2014 7.00 30-Jun-15 01-Jul-15 03-Jul-15 24-Jul-15 F
4. Prasasto Sudyatmiko *)
5. The Nicholas ISSUED HISTORY
*) Independent Commissioners Listing Trading
No. Type of Listing Shares Date Date
BOARD OF DIRECTORS 1. First Issue 3,142,000,000 18-Dec-07 18-Dec-07
1. Joseph Sanusi Tjong 2. Company Listing 13,986,810,000 18-Dec-07 18-Aug-08
2. Andrew Charles Walker 3. Warrant 4,974,500 11-Jun-09 11-Jun-09
3. Lilia Setiprawarti Sukotjo 4. Warrant 40,050,000 18-Jun-09 18-Jun-09
4. RM Frangky AD 5. Warrant 1,000,000 19-Jun-09 19-Jun-09
6. Warrant 18,500,000 22-Jun-09 22-Jun-09
AUDIT COMMITTEE 7. Warrant 20,000,000 28-Jul-09 28-Jul-09
1. Prasasto Sudyatmiko 8. Warrant 250,000 12-Oct-09 12-Oct-09
2. Hidajat Hoesni 9. Warrant 3,325,000 14-Oct-09 14-Oct-09
3. Sri Wahyuni Sujono 10. Warrant 55,000,000 23-Oct-09 23-Oct-09
11. Warrant 45,500,000 27-Oct-09 27-Oct-09
CORPORATE SECRETARY 12. Warrant 27,500,000 28-Oct-09 28-Oct-09
Vincent T.W. Sjahbana 13. Warrant 63,108,500 29-Oct-09 29-Oct-09
14. Warrant 15,000,000 03-Nov-09 03-Nov-09
HEAD OFFICE 15. Warrant 60,000,000 24-Nov-09 24-Nov-09
Wisma Argo Manunggal 18th Fl. 16. Warrant 27,500,000 26-Nov-09 26-Nov-09
Jln. Jend. Gatot Subroto Kav. 22 17. Warrant 388 03-Dec-09 03-Dec-09
Jakarta 12930 18. Warrant 27,500,000 10-Dec-09 10-Dec-09
Phone : (021) 3043-8888, 252-3838 19. Warrant 277,976,000 14-Dec-09 14-Dec-09
Fax : (021) 252-5050 20. Warrant 15,000,000 15-Dec-09 15-Dec-09
21. Warrant 1,695,000 21-Dec-09 21-Dec-09
Homepage : www.alam-sutera.com 22. Warrant 30,412,500 28-Dec-09 28-Dec-09
Email : corsec@alam-sutera.com 23. Additional Listing without RI 1,786,310,000 25-Jan-12 25-Jan-12

TRADING ACTIVITIES
Alam Sutera Realty Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
1,200 4,000 Jan-12 520 455 485 24,608 3,163,247 1,462,365 21
Feb-12 610 480 570 26,234 3,013,912 1,651,814 21
1,050 3,500 Mar-12 630 560 620 22,571 2,116,918 1,272,835 21
Apr-12 650 560 600 28,484 1,831,503 1,099,178 20
May-12 620 510 540 22,850 1,453,973 832,432 21
900 3,000
Jun-12 570 455 490 27,226 4,923,539 2,336,855 21
Jul-12 520 455 460 27,925 1,557,100 754,451 22
750 2,500
Aug-12 495 430 440 28,541 1,985,545 910,746 19
Sep-12 520 410 495 30,974 2,734,556 1,274,455 20
600 2,000
Oct-12 580 470 580 26,538 2,210,093 1,173,362 22
Nov-12 620 550 610 15,187 2,653,169 1,535,319 20
450 1,500 Dec-12 640 550 600 15,745 1,766,756 1,065,978 18
300 1,000 Jan-13 810 600 770 28,260 2,758,752 2,724,524 21

Feb-13 970 750 930 26,881 1,503,613 1,299,168 20
150 500 Mar-13 1,160 930 1,070 36,275 2,093,327 2,178,327 19
Apr-13 1,090 970 1,050 41,384 2,555,637 2,636,209 22
May-13 1,130 1,020 1,060 43,176 2,136,655 2,296,257 22
Jun-13 1,080 720 750 65,671 4,696,607 4,021,982 19
Jul-13 800 650 700 45,919 1,984,976 1,452,171 23
Aug-13 830 445 550 45,493 2,264,238 1,407,217 17
Sep-13 760 450 600 58,331 3,063,421 1,822,815 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 700 560 610 43,176 4,867,653 3,050,634 21
Property, Real Estate and Bulding Construction Index Nov-13 610 455 475 43,705 2,060,989 1,091,598 20
January 2012 - July 2016 Dec-13 530 425 430 32,921 1,686,157 800,565 19
150%
141.2%
Jan-14 550 424 510 53,655 2,182,118 1,083,703 20
125% Feb-14 605 500 575 46,156 2,449,458 1,364,848 20
Mar-14 680 560 595 54,398 2,986,797 1,854,302 20
100% Apr-14 645 525 530 44,870 1,895,164 1,085,403 20
May-14 550 494 500 34,759 1,321,748 683,943 18
75% Jun-14 499 435 442 38,963 782,146 360,303 21
Jul-14 560 440 525 53,818 2,225,772 1,155,784 18
Aug-14 570 497 510 36,313 1,908,074 1,010,420 20
50%
Sep-14 510 451 455 40,311 906,677 442,646 22
35.2% Oct-14 490 430 464 49,400 1,057,391 484,283 23
25%
Nov-14 565 444 560 43,394 1,656,102 834,439 20
12.9% Dec-14 610 497 560 48,903 3,168,955 1,743,856 20
-
Jan-15 620 550 595 29,139 1,821,531 1,069,965 21

-25% Feb-15 700 585 670 36,985 2,518,964 1,623,053 19
Mar-15 675 525 555 61,613 2,758,825 1,604,821 22
-50% Apr-15 680 545 615 36,708 2,218,790 1,396,763 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 675 600 600 28,356 1,153,314 745,260 19
Jun-15 625 500 575 39,772 1,309,474 732,783 21
Jul-15 585 505 505 31,143 1,266,002 700,001 19
Volume (Million Sh.) 29,410 31,672 22,540 22,460 9,958 Sep-15 362 307 316 53,105 1,676,933 572,259 21
Frequency (Thou. X) 297 511 545 578 311 Nov-15 396 323 339 58,540 1,555,477 559,415 21
Days 246 244 242 244 140 Dec-15 372 323 343 29,391 711,010 251,865 19
Price (Rupiah) Jan-16 352 317 321 27,569 553,709 182,447 20

High 650 1,160 680 700 560 Feb-16 379 322 344 42,404 1,162,649 404,017 20
Low 410 425 424 307 317 Mar-16 400 345 372 47,896 1,402,814 530,961 21
Close 600 430 560 343 525 Apr-16 426 370 396 50,081 1,224,963 489,098 21
Close* 600 430 560 343 525 May-16 412 360 386 38,420 1,256,238 517,928 20
Jun-16 515 384 480 58,344 2,614,181 1,231,777 22
PER (X) 9.69 9.64 10.08 11.30 8.89 Jul-16 560 472 525 45,868 1,743,472 885,649 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 2.49 1.58 1.81 1.02 1.39

Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Achmad, Suharli & Rekan (Member of PKF International Ltd)
Cash & Cash Equivalents 1,641,316 890,181 880,754 638,388 429,623 20,000
Receivables 29,721 84,690 192,197 153,124 172,234

1,661,094 937,153 930,602 1,156,083 1,163,585 16,000
Inventories
Investment - - - - -
12,000
Fixed Assets 708,121 801,678 957,762 1,097,190 1,138,253
Other Assets 11,619 61,186 74,140 64,345 76,384
8,000
Total Assets 10,946,417 14,428,083 16,924,367 18,709,870 18,840,402
Growth (%) 31.81% 17.30% 10.55% 0.70% 4,000
Bank Payable 795,658 45,000 230,000 1,072,260 1,461,145 -

Trade Payable 35,257 165,089 160,587 1,033,021 701,551 2012 2013 2014 2015 Jun-16
Growth (%) 46.37% 16.02% 14.73% -3.44%
Paid up Capital 1,964,941 1,964,941 1,964,941 1,964,941 1,964,941 7,149
6,371 6,602
5,332
Par Value 100 100 100 100 100
5,691
4,732
4,232
Total Equity 4,731,875 5,331,785 6,371,194 6,602,410 7,149,404

Growth (%) 12.68% 19.49% 3.63% 8.28% 2,774
Total Revenues 2,446,414 3,684,240 3,630,914 2,783,700 1,285,296

Growth (%) 50.60% -1.45% -23.33%
-143
2012 2013 2014 2015 Jun-16
Cost of Revenues 979,517 1,846,814 1,324,196 727,637 543,756

Gross Profit 1,466,897 1,837,425 2,306,718 2,056,063 741,540
Operating Expenses 212,884 304,204 398,953 1,297,106 172,726
Operating Profit 1,254,013 1,533,221 1,907,766 - - 3,684 3,631
Growth (%) 22.27% -100.00%

3,684
2,933
2,784
2,446
Other Income (Expenses) 90,182 -451,445 -521,999 - -
Income before Tax 1,344,195 1,081,776 1,385,767 758,957 568,814 2,181
Tax 128,103 192,199 208,812 74,670 9,240

1,285
Profit for the period 1,216,092 889,577 1,176,955 684,288 559,574 1,429
Growth (%) -26.85% 32.31% -41.86%

678
Period Attributable 1,192,716 876,785 1,176,955 596,515 558,088 -74
Comprehensive Income 1,216,092 889,577 1,176,955 686,485 560,194 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 1,192,716 876,785 1,097,418 598,743 558,700
Dividend (Rp) 14.60 - 7.00 - -
1,216 1,177
EPS (Rp) 60.70 44.62 59.90 30.36 28.40 1,216
BV (Rp) 240.82 271.35 324.24 336.01 363.85

890
DAR (X) 0.57 0.63 0.62 0.65 0.62 968
DER(X) 1.31 1.71 1.66 1.83 1.64 684

11.11 6.17 6.95 3.66 2.97
720
ROA (%) 560

ROE (%) 25.70 16.68 18.47 10.36 7.83 472
GPM (%) 59.96 49.87 63.53 73.86 57.69

OPM (%) 51.26 41.62 52.54 - - 224
NPM (%) 49.71 24.15 32.41 24.58 43.54

Payout Ratio (%) 24.05 - 11.69 - -
-24
2012 2013 2014 2015 Jun-16

Yield (%) 2.43 - 1.25 - -

COMPANY REPORT
BBCA
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
severaltime,thelastchangewasonMay21st,1974,whichisPTBankCentralAsia.
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
accordancewiththeregulationsapplicableinIndonesia.
As of June 30th, 2016, BCA had 985 domestics branches and 2 overseas representatives
locatedinSingaporeandHongKong.
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
SantosaFinance.
AsatJune30th,2016,BCAhad25,632permanentemployees.
August 2016
Disclaimer:

BBCA Bank Central Asia Tbk.
Industry Sector : Finance (8) Listed Shares : 24,408,459,120
Industry Sub Sector : Bank (81) Market Capitalization : 352,702,234,284,000
3 | 352.7T | 6.28% | 21.40%
4 | 76.8T | 5.54% | 24.12%

Established Date : 10-Aug-1955 1. UOB Kay Hian Private Limited For Farindo Investment 11,125,990,000 : 45.13%
Listing Date : 31-May-2000 2. Public (<5%) 13,282,469,120 : 54.87%
Under Writer IPO :
F/I
Securities Administration Bureau : Year Shares Dividend Cum Date Ex Date Date Date
PT Raya Saham Registra 2001 85.00 14-Nov-01 15-Nov-01 20-Nov-01 04-Dec-01 I
Plaza Central Building 2nd Fl. 2001 140.00 29-Oct-02 30-Oct-02 01-Nov-02 15-Nov-02 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2002 225.00 03-Dec-03 04-Dec-03 08-Dec-03 19-Dec-03 F
Phone : (021) 252-5666 2003 225.00 30-Jun-04 01-Jul-04 06-Jul-04 20-Jul-04 F
Fax : (021) 252-5028 2004 50.00 22-Nov-04 23-Nov-04 25-Nov-04 08-Dec-04 F
2005 80.00 19-Jul-05 20-Jul-05 22-Jul-05 05-Aug-05
BOARD OF COMMISSIONERS 2005 50.00 06-Oct-05 07-Oct-05 11-Oct-05 25-Oct-05 I
1. Djohan Emir Setijoso 2005 90.00 06-Jun-06 07-Jun-06 09-Jun-06 23-Jun-06 F
2. Cyrillus Harinowo *) 2006 55.00 10-Oct-06 11-Oct-06 13-Oct-06 03-Nov-06 I
3. Raden Pardede *) 2006 115.00 08-Jun-07 11-Jun-07 13-Jun-07 27-Jun-07 I
4. Tonny Kusnadi 2007 55.00 29-Nov-07 30-Nov-07 04-Dec-07 18-Dec-07 I
2008 35.00 15-Jan-09 16-Jan-09 20-Jan-09 30-Jan-09 I
BOARD OF DIRECTORS 2008 65.00 09-Jun-09 10-Jun-09 12-Jun-09 26-Jun-09 F
1. Jahja Setiaatmadja 2009 40.00 12-Nov-09 13-Nov-09 17-Nov-09 02-Dec-09 I
2. Armand Wahyudi Hartono 2009 70.00 31-May-10 01-Jun-10 03-Jun-10 17-Jun-10 F
3. Erwan Yuris Ang 2010 42.50 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I
4. Eugene Keith Galbraith 2010 70.00 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11 F
5. Henry Koenaifi 2011 43.50 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 I
6. Rudy Susanto 2011 113.50 08-Jun-12 11-Jun-12 13-Jun-12 27-Jun-12 F
7. Subur Tan 2012 43.50 03-Dec-12 04-Dec-12 06-Dec-12 20-Dec-12 I
8. Suwignyo Budiman 2012 71.00 28-May-13 29-May-13 31-May-13 17-Jun-13 F
2013 45.00 28-Nov-13 29-Nov-13 03-Dec-13 17-Dec-13 I
AUDIT COMMITTEE 2013 120.00 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F
1. Cyrillus Harinowo 2014 50.00 04-Dec-14 05-Dec-14 09-Dec-14 23-Dec-14 I
2. Ilham Ikhsan 2014 148.00 16-Apr-15 17-Apr-15 21-Apr-15 13-May-15 F
3. Tjen Lestari 2015 55.00 12-Nov-15 13-Nov-15 17-Nov-15 09-Dec-15 I
CORPORATE SECRETARY ISSUED HISTORY

Inge Setiawati Listing Trading
HEAD OFFICE 1. First Issue 662,400,000 31-May-00 31-May-00
Menara BCA, Grand Indonesia 2. Company Listing 2,252,146,140 T: 31-May-00 : 11-Jan-01
Jln. M.H. Thamrin No. 1 3. Stock Split 21,199,350,480 T: 15-May-01 : 28-Jan-08
Jakarta 10310 4. Option Conversion 210,852,000 T: 29-Nov-01 : 09-Nov-06
Phone : (021) 2358-8000 5. Option Conversion MSOP 89,226,500 T: 04-Aug-03 : 29-Sep-04
Fax : (021) 2358-8300 6. Partial Delisting -5,516,000 04-Jan-08 04-Jan-08
Homepage : www.bca.co.id
Email : inge_setiawati@bca.co.id
investor_relations@bca.co.id

TRADING ACTIVITIES
Bank Central Asia Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
16,000 320 Jan-12 8,250 7,850 8,000 20,524 284,722 2,292,976 21
Feb-12 8,250 7,200 7,600 34,730 493,690 3,726,985 21
14,000 280 Mar-12 8,150 7,450 8,000 20,067 215,749 1,685,625 21
Apr-12 8,250 7,750 8,000 14,002 236,761 1,894,521 20
May-12 8,100 7,000 7,000 22,561 398,309 2,996,959 21
12,000 240
Jun-12 7,500 6,750 7,300 21,978 289,274 2,085,318 21
Jul-12 8,050 7,250 8,000 20,559 343,483 2,611,726 22
10,000 200
Aug-12 8,050 7,650 7,750 16,480 430,418 3,358,206 19
Sep-12 8,150 7,750 7,900 17,988 284,480 2,266,305 20
8,000 160
Oct-12 8,250 7,800 8,200 15,210 322,195 2,599,470 22
Nov-12 9,400 8,150 8,800 17,126 247,495 2,149,295 20
6,000 120 Dec-12 9,500 8,750 9,100 19,730 231,033 2,098,035 18
4,000 80 Jan-13 9,750 8,850 9,650 22,825 280,620 2,589,237 21

Feb-13 11,300 9,650 11,000 22,323 662,141 6,634,281 20
2,000 40 Mar-13 11,400 10,400 11,400 27,863 259,577 2,789,619 19
Apr-13 11,250 10,450 10,750 25,790 316,861 3,437,786 22
May-13 11,150 10,350 10,350 26,204 253,379 2,749,582 22
Jun-13 10,350 8,900 10,000 46,266 521,956 5,000,323 19
Jul-13 10,450 9,100 10,400 31,898 236,737 2,350,258 23
Aug-13 10,950 8,500 9,050 33,059 300,896 2,901,118 17
Sep-13 12,500 8,450 10,000 39,349 344,117 3,377,809 21
Finance Index Nov-13 10,650 9,550 9,650 38,027 253,767 2,565,011 20
January 2012 - July 2016 Dec-13 9,850 9,250 9,600 30,855 186,366 1,776,805 19
90%
Jan-14 10,350 9,250 9,925 57,353 367,092 3,602,939 20
78.4%
75% Feb-14 10,550 9,700 10,225 46,542 430,305 4,418,825 20
Mar-14 11,125 10,150 10,600 59,990 436,023 4,599,025 20
60% Apr-14 11,250 10,425 11,000 53,682 669,676 7,354,376 20
May-14 11,525 10,775 10,775 45,146 265,133 2,967,458 18
50.7%
45% Jun-14 11,400 10,700 11,000 43,261 268,220 2,959,465 21
Jul-14 11,800 10,875 11,600 44,924 396,445 4,549,613 18
33.5% Aug-14 11,850 10,950 11,200 49,417 215,348 2,519,575 20
30%
Sep-14 13,125 11,625 13,075 58,544 350,704 4,353,955 22
Oct-14 13,575 12,050 13,050 69,752 587,562 7,528,035 23
15%
Nov-14 13,525 12,500 13,100 58,896 286,375 3,745,157 20
Dec-14 13,425 12,825 13,125 63,765 241,069 3,172,351 20
-
Jan-15 13,425 12,800 13,375 53,863 273,651 3,592,271 21

-15% Feb-15 14,550 13,250 14,100 62,002 260,770 3,622,454 19
Mar-15 14,825 14,025 14,825 90,945 331,831 4,777,845 22
-30% Apr-15 15,600 12,900 13,475 86,286 451,166 6,531,175 21
Jun-15 14,125 13,050 13,500 78,844 312,229 4,220,125 21
Jul-15 13,900 12,650 13,100 59,176 246,896 3,285,014 19
Days 246 244 242 244 140 Dec-15 13,800 12,700 13,300 85,393 681,684 9,049,648 19
Price (Rupiah) Jan-16 13,550 12,750 13,100 84,389 565,286 7,404,232 20

High 9,500 12,500 13,575 15,600 14,675 Feb-16 13,575 12,875 13,475 111,412 533,233 7,075,078 20
Low 6,750 8,450 9,250 11,000 12,625 Mar-16 13,925 13,050 13,300 87,449 561,182 7,541,426 21
Close 9,100 9,600 13,125 13,300 14,450 Apr-16 13,450 12,775 13,050 75,089 374,867 4,906,411 21
Close* 9,100 9,600 13,125 13,300 14,450 May-16 13,300 12,875 13,000 69,705 402,089 5,250,016 20
Jun-16 13,450 12,625 13,325 75,748 422,148 5,505,430 22
PER (X) 18.86 16.61 19.90 18.02 19.57 Jul-16 14,675 13,200 14,450 77,416 628,474 8,850,322 16
PER Industry (X) 6.58 17.20 27.72 25.09 22.85
PBV (X) 4.32 3.70 4.33 3.66 3.62

Public Accountant : Siddharta Widjaja & Rekan (member of KPMG International)
Cash on Hand 11,054,208 16,284,142 19,577,571 17,849,460 16,852,170 637,500
Placements with Other Banks 28,802,130 12,254,043 11,502,178 56,259,099 34,595,091

47,310,371 89,463,509 26,289,663 515,099 102,523,564 510,000
Marketable Securities
Loans 252,760,457 306,679,132 339,859,068 378,616,292 376,928,963
382,500
Investment 104,246 182,544 166,888 51,153,115 173,248
Fixed Assets 6,406,625 7,440,017 8,844,930 9,712,021 16,142,610
255,000
Other Assets 6,265,653 6,564,382 7,133,595 8,619,292 9,511,078
Total Assets 442,994,197 496,304,573 552,423,892 594,372,770 626,176,157 127,500
Growth (%) 12.03% 11.31% 7.59% 5.35%
-
Deposits 372,837,307 413,036,948 451,660,016 478,173,935 495,078,704 2012 2013 2014 2015 Jun-16
Taxes Payable 216,614 276,017 251,818 251,091 -
Fund Borrowings 128,018 500,952 3,080,942 1,743,337 2,320,091
Other Liabilities 5,620,847 5,768,437 6,260,219 7,613,476 - TOTAL EQUITY (Bill. Rp)
Total Liabilities 390,067,244 432,337,895 472,550,777 501,945,424 519,822,213 103,533
Growth (%) 10.84% 9.30% 6.22% 3.56%
89,625
77,921
Authorized Capital 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000
82,412
63,967
Paid up Capital 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
61,291
51,898
Par Value 63 63 63 63 63 40,171

Total Equity 51,897,942 63,966,678 77,920,617 89,624,940 103,532,696 19,050
Growth (%) 23.25% 21.81% 15.02% 15.52%

-2,071
2012 2013 2014 2015 Jun-16

INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16
Total Interest Income 28,885,290 34,277,149 43,771,256 55,441,647 24,794,333
Growth (%) 18.67% 27.70% 26.66%
TOTAL INTEREST INCOME (Bill. Rp)
Interest Expenses 7,647,167 7,852,009 11,744,562 11,217,072 5,090,340 55,442
6,375,833 470,940 1,738,943 3,651,597 6,421,804

55,442
Other Operating Revenue

43,771
Other Operating Expenses 12,859,718 14,631,462 18,306,319 25,219,058 14,076,917 44,132
Income from Operations 14,255,568 17,078,667 20,504,773 22,657,114 12,048,880 34,277

Growth (%) 19.80% 20.06% 10.50% 32,821 28,885
24,794
Non-Operating Revenues 430,478 736,939 236,348 - -

21,511
Income Before Tax 14,686,046 17,815,606 20,741,121 22,657,114 12,048,880

2,967,586 3,559,367 4,229,451 4,621,346 2,468,413
10,201
Provision for Income Tax

Profit for the period 11,718,460 14,256,239 16,511,670 18,035,768 9,580,467 -1,109
Growth (%) 21.66% 15.82% 9.23% 2012 2013 2014 2015 Jun-16
Period Attributable 11,721,717 14,253,831 16,485,858 18,018,653 9,575,887

Comprehensive Income 11,898,523 13,004,312 16,925,171 17,691,505 16,496,532 PROFIT FOR THE PERIOD (Bill. Rp)
18,036
18,036
16,512
RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 14,256
Dividend (Rp) 114.50 165.00 198.00 55.00 - 14,356
11,718
EPS (Rp) 475.43 578.13 668.66 730.83 388.40
9,580
2,104.97 2,594.47 3,160.44 3,635.16 4,199.26
10,677
BV (Rp)
DAR (X) 0.88 0.87 0.86 0.84 0.83 6,998
DER(X) 7.52 6.76 6.06 5.60 5.02

ROA (%) 2.65 2.87 2.99 3.03 1.53 3,319
ROE (%) 22.58 22.29 21.19 20.12 9.25

OPM (%) 49.35 49.83 46.85 40.87 48.60
-361
2012 2013 2014 2015 Jun-16

NPM (%) 40.57 41.59 37.72 32.53 38.64
Payout Ratio (%) 24.08 28.54 29.61 7.53 -
Yield (%) 1.26 1.72 1.51 0.41 -

COMPANY REPORT
BBNI
BANK NEGARA INDONESIA
(PERSERO) TBK.
Company Profile
PTBankNegaraIndonesia(Persero)Tbk.wasoriginallyestablishedinIndonesiaasacentral
bank under the name Bank Negara Indonesia dated July 5th, 1946. Subsequently, BNI
became Bank Negara Indonesia 1946 and changed its status to a stateowned
commercialbank.
BNIsscopeofactivityistoengageingeneralbankingservices.
As of December 31st, 2015, BNI had 169 domestic branches, 911 domestic subbranches,
and729otheroutlet.Inaddition,BNIsnetworkalsoincluded4overseasbrancheslocated
inSingapore,HongKong,TokyoandLondonand1agencyinNewYork.
BNI has direct ownership in the following subsidiaries: PT BNI Life Insurance, PT BNI
Multifinance, PT BNI Securities and subsidiaries, BNI Remittance Ltd. and PT Bank BNI
Syariah.AllofthesubsidiariesofBNIaredomiciledinJakarta,exceptforBNIRemittance
Ltd.whichisdomiciledinHongKong.
BNIhad24,202permanentemployeesand3,054nonpermanentemployees,total26,875
employees.
August 2016
Disclaimer:

BBNI BankNegaraIndonesia(Persero)Tbk.
10 | 98.8T | 1.76% | 48.13%
7 | 42.4T | 3.06% | 35.51%

Established Date : 05-Jul-1946 1. Negara Republik Indonesia 11,189,193,875 : 60.00%
Under Writer IPO :
PT Bahana Securities DIVIDEND ANNOUNCEMENT
PT BNI Securities Bonus Cash Recording Payment
F/I
PT Danareksa Sekuritas Year Shares Dividend Cum Date Ex Date Date Date
PT Pentasena Arthasentosa 1996 13.00 06-May-97 07-May-97 16-May-97 14-Jun-97 F
Securities Administration Bureau : 1997 14.00 30-Jun-98 01-Jul-98 10-Jul-98 08-Aug-98 F
PT Datindo Entrycom 2001 4.41 09-Oct-02 10-Oct-02 14-Oct-02 28-Oct-02 F
Wisma Sudirman - Puri Datindo 2002 6.30 23-Oct-03 24-Oct-03 28-Oct-03 05-Nov-03 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2003 23.71 01-Jul-04 02-Jul-04 07-Jul-04 21-Jul-04 F
Phone : (021) 570-9009 2005 118.07 23-Jun-05 24-Jun-05 28-Jun-05 07-Jul-05 F
2006 72.50 19-Jun-07 20-Jun-07 22-Jun-07 02-Jul-07 F
1. Hartadi Agus Sarwono *) 2008 8.00 18-Jun-09 19-Jun-09 23-Jun-09 07-Jul-09 F
2. Anny Ratnawati *) 2009 9.44 25-Nov-09 26-Nov-09 01-Dec-09 11-Dec-09 I
3. Bistok Simbolon 2009 47.48 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F
4. Joni Swastanto 2010 65.98 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
5. Ki Agus Ahmad Badaruddin 2011 62.48 10-May-12 11-May-12 15-May-12 30-May-12 F
6. Pataniari Siahaan *) 2012 113.35 26-Apr-13 29-Apr-13 01-May-13 16-May-13 F
7. Pradjoto *) 2013 145.71 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
8. Revrisond Baswir *) 2014 144.55 24-Mar-15 25-Mar-15 27-Mar-15 17-Apr-15 I
9. Wahyu Kuncoro 2015 122.53 17-Mar-16 18-Mar-16 22-Mar-16 13-Apr-16 F
ISSUED HISTORY
1. Achmad Baiquni No. Type of Listing Shares Date Date
2. Adi Sulistyowati 1. Negara RI (Seri A) 1 25-Nov-96 -
3. Anggoro Eko Cahyo 2. First Issue 1,085,032,000 25-Nov-96 25-Nov-96
4. Bob Tyasika Ananta 3. Company Listing 3,255,095,999 25-Nov-96 28-Jun-97
5. Herry Sidharta 4. Partial Delisting -43,401,280 02-Jul-99 02-Jul-99
6. Imam Budi Sarjito 5. Right Issue 151,904,480,000 05-Jul-99 05-Jul-99
7. Panji Irawan 6. Additional Listing 41,375,391,255 20-Apr-01 20-Apr-01
8. Putrama Wahju Setiawan 7. Partial Delisting -343,540,085 12-Dec-01 12-Dec-01
9. Rico Rizal Budidarmo 8. Reverse Split -184,084,187,364 23-Dec-03 23-Dec-03
10. Suprajarto 9. Right Issue 1,974,563,625 13-Aug-07 13-Aug-07
10. Partial Delisting -2,233,046 31-Aug-07 31-Aug-07
AUDIT COMMITTEE 11. Right Issue 3,340,968,788 29-Dec-10 29-Dec-10
1. Anny Ratnawati
2. Bambang Hendrajatin
3. Donnaria Silalahi
CORPORATE SECRETARY
Kiryanto
HEAD OFFICE
BNI Building 24th Fl.
Jln. Jend. Sudirman Kav. 1
Jakarta 10220
Phone : (021) 251-1946, 572-8387
Fax : (021) 572-8053
Homepage : www.bni.co.id
Email : kiryanto@bni.co.id
Norisa.Esfandiary@bni.co.id
Affenti@bni.co.id

BBNI Bank Negara Indonesia (Persero) Tbk.
TRADING ACTIVITIES
Bank Negara Indonesia (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
7,400 400 Jan-12 3,950 3,600 3,625 33,481 1,088,649 4,024,984 21
Feb-12 3,775 3,325 3,775 49,190 1,450,572 5,117,308 21
6,475 350 Mar-12 4,000 3,625 4,000 22,662 523,737 2,006,312 21
Apr-12 4,225 3,825 4,025 17,676 488,524 1,941,702 20
May-12 4,050 3,575 3,700 15,982 420,781 1,619,666 21
5,550 300
Jun-12 3,850 3,500 3,825 12,717 317,367 1,188,374 21
Jul-12 3,975 3,725 3,975 13,102 357,854 1,381,432 22
4,625 250
Aug-12 4,000 3,625 3,725 16,897 480,873 1,833,994 19
Sep-12 3,975 3,725 3,925 16,128 490,626 1,896,606 20
3,700 200
Oct-12 3,950 3,775 3,850 14,881 500,990 1,933,721 22
Nov-12 3,850 3,525 3,700 20,135 446,149 1,632,538 20
2,775 150 Dec-12 3,800 3,525 3,700 16,684 497,250 1,805,016 18
1,850 100 Jan-13 3,925 3,650 3,925 21,824 618,278 2,347,177 21

Feb-13 4,625 3,950 4,600 24,739 733,921 3,138,250 20
925 50 Mar-13 5,100 4,475 5,050 30,569 659,186 3,126,953 19
Apr-13 5,450 4,850 5,400 30,309 640,452 3,265,931 22
May-13 5,600 4,875 4,875 33,765 679,580 3,560,565 22
Jun-13 4,900 3,975 4,300 46,190 901,397 4,012,428 19
Jul-13 4,425 3,775 4,275 34,934 583,563 2,426,709 23
Aug-13 4,375 3,375 3,850 29,977 612,307 2,370,950 17
Sep-13 5,000 3,400 4,075 37,673 629,913 2,594,062 21
January 2012 - July 2016 Dec-13 4,275 3,700 3,950 30,571 452,169 1,810,642 19
105%
Jan-14 4,420 3,660 4,360 55,797 479,251 1,966,311 20
90% Feb-14 4,770 4,125 4,550 68,732 712,946 3,157,847 20
Mar-14 5,325 4,450 4,960 79,616 765,650 3,726,665 20
75% Apr-14 5,325 4,700 4,815 54,018 556,377 2,802,548 20
May-14 5,150 4,720 4,775 63,923 667,971 3,279,251 18
60% Jun-14 4,930 4,710 4,765 57,179 461,000 2,221,427 21
Jul-14 5,300 4,740 5,100 61,719 656,779 3,287,150 18
50.7%
Aug-14 5,525 4,995 5,350 57,420 522,073 2,731,897 20
45%
Sep-14 5,975 5,350 5,525 50,664 574,054 3,261,277 22
36.3%
33.5% Oct-14 5,950 4,975 5,950 61,498 722,117 4,009,779 23
30%
Nov-14 6,100 5,550 6,025 41,672 418,868 2,435,083 20
Dec-14 6,300 5,700 6,100 43,951 450,256 2,718,387 20
15%
Jan-15 6,300 5,725 6,250 59,023 605,276 3,684,362 21

- Feb-15 7,075 6,175 6,875 58,356 468,870 3,156,997 19
Mar-15 7,225 6,550 7,225 80,139 703,023 4,829,845 22
-15% Apr-15 7,275 6,250 6,425 64,819 618,174 4,250,511 21
Jun-15 6,825 5,100 5,300 114,675 851,390 4,886,319 21
Jul-15 5,675 4,450 4,760 110,477 877,538 4,483,456 19
Frequency (Thou. X) 250 384 696 1,105 598 Nov-15 5,250 4,650 4,770 79,530 473,123 2,359,153 21
Days 246 244 242 244 140 Dec-15 5,150 4,780 4,990 75,750 522,777 2,595,771 19
Price (Rupiah) Jan-16 5,200 4,850 4,910 75,208 565,592 2,816,764 20

High 4,225 5,600 6,300 7,275 5,700 Feb-16 5,675 4,835 5,075 97,903 945,582 4,897,086 20
Low 3,325 3,375 3,660 3,800 4,270 Mar-16 5,450 4,965 5,200 72,880 634,035 3,326,553 21
Close 3,700 3,950 6,100 4,990 5,350 Apr-16 5,300 4,570 4,585 101,018 978,561 4,822,933 21
Close* 3,700 3,950 6,100 4,990 5,350 May-16 4,800 4,270 4,800 100,177 763,572 3,468,064 20
Jun-16 5,275 4,600 5,200 78,752 714,117 3,480,763 22
PER (X) 9.58 8.14 10.55 10.16 12.43 Jul-16 5,700 5,100 5,350 72,297 605,068 3,246,926 16
PER Industry (X) 6.58 17.20 27.72 25.09 22.85
PBV (X) 1.59 1.54 1.86 1.19 1.31

BBNI Bank Negara Indonesia (Persero) Tbk.
Cash on Hand 7,969,378 10,089,927 11,435,686 12,890,427 15,486,377 550,000

9,800,970 11,965,698 6,237,356 9,927,494 19,363,375 440,000
Loans 193,834,670 243,757,807 270,651,986 314,066,531 342,497,756
330,000
Investment 24,026 39,507 - 35,793 32,745
Fixed Assets 4,591,588 5,513,569 6,222,050 20,756,594 21,095,512
220,000
Other Assets 3,312,032 3,156,891 3,369,915 4,482,111 6,907,598
Total Assets 333,303,506 386,654,815 416,573,708 508,595,288 539,139,574 110,000
Growth (%) 16.01% 7.74% 22.09% 6.01%
-
Deposits 260,906,084 295,075,178 317,070,426 358,184,938 379,022,710 2012 2013 2014 2015 Jun-16
Taxes Payable 171,716 323,957 317,563 749,396 26,449
Fund Borrowings 8,749,762 18,950,523 11,212,265 22,523,581 26,166,523
Other Liabilities 4,158,421 5,707,851 5,218,778 7,583,784 9,208,024 TOTAL EQUITY (Bill. Rp)
16.98% 0.64% 20.98% 5.78% 78,438
Growth (%)
61,021
66,168
Paid up Capital 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807 47,684

49,210 43,525
Par Value 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7500 & 7500 & 375 7500 & 7500 & 375
32,253

Total Equity 43,525,291 47,683,505 61,021,308 78,438,222 83,125,722 15,295
Growth (%) 9.55% 27.97% 28.54% 5.98%

-1,663
2012 2013 2014 2015 Jun-16

Growth (%) 16.50% 26.14% 10.58%

33,365
8,445,813 9,440,904 10,715,356 8,872,380 4,952,240
36,895

26,451
20,520
Growth (%) 29.83% 18.96% -14.49% 21,842
Non-Operating Revenues 258,539 59,362 178,019 54,067 -2,681

14,315

1,851,200 2,220,224 2,694,931 2,325,616 1,089,544
6,789

Profit for the period 7,048,362 9,057,941 10,829,379 9,140,532 4,410,985 -738
Growth (%) 28.51% 19.56% -15.60% 2012 2013 2014 2015 Jun-16

10,829
10,829
9,058 9,141
RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16
Dividend (Rp) 113.35 145.71 144.55 122.53 - 8,620
7,048
EPS (Rp) 377.84 485.52 578.20 486.18 234.41
2,333.96 2,556.94 3,272.16 4,206.11 4,457.46
6,411
BV (Rp)
4,411
DAR (X) 0.87 0.88 0.82 0.81 0.81 4,202
DER(X) 6.66 7.11 5.59 5.26 5.25

ROA (%) 2.11 2.34 2.60 1.80 0.82 1,993
ROE (%) 16.19 19.00 17.75 11.65 5.31

OPM (%) 38.06 42.41 40.00 30.93 26.82
-217
2012 2013 2014 2015 Jun-16

NPM (%) 31.04 34.24 32.46 24.77 21.50
Payout Ratio (%) 30.00 30.01 25.00 25.20 -
Yield (%) 3.06 3.69 2.37 2.46 -

COMPANY REPORT
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK.
Company Profile
Bank Rakyat Indonesia (BRI) is the oldest commercial bank in Indonesia, established on
December 16, 1895, in Purwokerto, Central Java. The stateowned bank went public in
2003 and the Indonesian government holds the majority of its shares with 57.32%,
followedbypublic.
Since its inception, BRIs strategies have been mostly focused on the development of
micro, small and medium business segments. In so doing, BRI takes into account its core
competencies at all organization level. With strategic positioning in Indonesian banking
industrysupportedbystrongbasisofcorecompetenciesinmicrobusinesssegmentsince
1984,BRIwillbeabletoachieveitsoptimalperformanceincomingyears.
As of 2015, BRI serves its customers through more than 10.000 outlets spreads all over
Indonesia
1HeadOffice
19RegionalOffices
1HeadofAuditOffice
19RegionalAuditOffices
462BranchesOffices
1SpecialBranch
4overseasoffices(CaymanIsland,Singapore,NewYork,HongKong)
603SubBranchOffices
5,362BRIUnits(MicroOutlet)
985CashCounters
3,191TerasBRI
1TerasShip
BRIprovideaccesstoitsbankingservicesthroughitselectronicchannel;
22,792ATMslinkedtoATMBersama,ATMPrima,ATMLink,Cirrus,andMaestro
187,758ElectronicDataCaptures(EDC)
892CashDepositMachine
57EBuzz
BRI Subsidiaries: PT Bank BRI Syariah, PT Bank Rakyat Indonesia Agroniaga Tbk., BRI
Remittance Co. Ltd. And PT Asuransi Jiwa Bringin Jiwa Sejahtera. Total permanent
employees57,623.
August 2016
Disclaimer:

BBRI Bank Rakyat Indonesia (Persero) Tbk.
6 | 281.5T | 5.01% | 38.11%
2 | 85.0T | 6.13% | 12.80%

Established Date : 16-Dec-1895 1. Negara Republik Indonesia 14,000,000,000 : 56.75%
Under Writer IPO :
PT Bahana Securuties DIVIDEND ANNOUNCEMENT
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
Wisma Sudirman - Puri Datindo 2003 84.19 06-Jul-04 07-Jul-04 09-Jul-04 23-Jul-04 F
2007 196.34 18-Jun-08 19-Jun-08 23-Jun-08 07-Jul-08 F
1. Mustafa Abubakar *) 2009 132.08 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
2. A. Fuad Rahmany *) 2010 45.93 17-Dec-10 20-Dec-10 22-Dec-10 30-Dec-10 I
3. A. Sony Keraf *) 2010 70.04 27-May-11 30-May-11 01-Jun-11 15-Jun-11 F
4. Adhyaksa Dault *) 2011 122.28 26-Apr-12 27-Apr-12 01-May-12 15-May-12 F
5. Ahmad Fuad *) 2012 225.23 26-Mar-13 27-Mar-13 01-Apr-13 15-Apr-13 F
6. Gatot Trihargo 2013 257.33 28-Apr-14 29-Apr-14 02-May-14 14-May-14 F
7. Jeffry J. Wurangian 2014 294.80 26-Mar-15 27-Mar-15 31-Mar-15 22-Apr-15 I
8. Mahmud 2015 311.66 31-Mar-16 01-Apr-16 05-Apr-16 22-Apr-16 F
9. Vincentius Sony Loho
*) Independent Commissioners ISSUED HISTORY
Listing Trading
BOARD OF DIRECTORS No. Type of Listing Shares Date Date
1. Asmawi Syam 1. First Issue 4,764,705,000 10-Nov-03 10-Nov-03
2. Donsuwan Simatupang 2. Company Listing 6,882,352,950 T: 10-Nov-03 : 31-May-04
3. Haru Koesmahargyo 3. MSOP Conversion 114,572,000 T: 24-Nov-04 : 11-Nov-05
4. Kuswiyoto 4. MSOP Conversion I & II 333,814,000 T: 16-Nov-05 : 11-Nov-08
5. Mohammad Irfan 5. MSOP Conversion II 8,928,500 T: 25-Sep-06 : 12-Nov-09
6. Priyastomo 6. MSOP Conversion I, II & III 59,421,500 T: 23-Nov-06 : 27-Dec-07
7. Randi Anto 7. MSOP Conversion II & III 36,021,500 T: 24-Nov-06 : 26-Jun-09
8. Sis Apik Wijayanto 8. MSOP Conversion I 789,000 T: 09-Jan-07 : 13-Nov-08
9. Sunarso 9. MSOP Conversion III 13,836,000 T: 25-Jun-07 : 15-Nov-10
10. Susy Liestiowaty 10. MSOP Conversion I & III 2,493,500 T: 21-Nov-07 : 08-Aug-08
11. Zulhelfi Abidin 11. Delisting of shares Negara RI -5,698,760 07-Jan-11 07-Jan-11
12. Stock Split 12,211,235,190 11-Jan-11 11-Jan-11
AUDIT COMMITTEE
1. A. Fuad Rahmany HEAD OFFICE
2. A. Sony Keraf BRI I Building, 20th Fl.
3. Adhyaksa Dault Jln. Jend. Sudirman No. 44 - 46
4. I Gde Yadnya Kusuma Jakarta 10210
5. Pamuji Gesang Raharjo Phone : (021) 251-0244, 250-0124, 251-0315, 575-1966
6. Syahrir Nasution Fax : (021) 570-0916, 575-2010
CORPORATE SECRETARY Homepage : www.bri.co.id

Hari Siaga Amijarso Email : ir@bri.co.id

TRADING ACTIVITIES
Bank Rakyat Indonesia (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
14,000 160 Jan-12 7,200 6,750 6,850 34,105 648,419 4,500,394 21
Feb-12 7,250 6,550 6,900 43,956 881,221 6,030,387 21
12,250 140 Mar-12 7,050 6,400 6,950 62,379 955,267 6,378,821 21
Apr-12 7,150 6,450 6,650 35,173 698,250 4,789,501 20
May-12 6,700 5,600 5,650 68,285 1,252,556 7,711,374 21
10,500 120
Jun-12 6,350 5,150 6,350 50,200 914,692 5,396,595 21
Jul-12 7,050 6,250 7,000 44,178 824,887 5,468,998 22
8,750 100
Aug-12 7,550 6,650 6,950 31,723 669,590 4,725,231 19
Sep-12 7,500 6,900 7,450 33,450 576,211 4,172,024 20
7,000 80
Oct-12 7,850 7,300 7,400 33,323 627,187 4,743,720 22
Nov-12 7,350 7,000 7,050 43,834 731,065 5,243,316 20
5,250 60 Dec-12 7,250 6,800 6,950 33,266 505,350 3,540,891 18
3,500 40 Jan-13 8,000 7,000 7,950 49,574 820,165 6,223,729 21

Feb-13 9,450 7,900 9,450 38,683 620,764 5,227,378 20
1,750 20 Mar-13 9,450 8,500 8,750 47,866 684,003 5,985,374 19
Apr-13 9,400 8,250 9,400 45,151 778,102 6,767,136 22
May-13 9,950 8,900 8,900 50,832 689,578 6,403,815 22
Jun-13 8,850 7,050 7,750 92,127 1,301,703 10,051,448 19
Jul-13 8,350 7,150 8,250 61,555 762,741 5,927,722 23
Aug-13 8,450 6,250 6,600 75,898 1,110,192 7,784,877 17
Sep-13 8,650 6,200 7,250 80,681 1,165,249 8,756,072 21
January 2012 - July 2016 Dec-13 7,750 6,750 7,250 60,169 589,234 4,213,752 19
120%
Jan-14 8,850 7,000 8,325 87,119 934,659 7,534,215 20
100% Feb-14 9,850 8,125 9,275 87,543 1,015,064 9,180,632 20
Mar-14 10,500 9,025 9,575 111,431 903,601 8,566,209 20
80% Apr-14 10,250 9,350 9,900 103,234 844,361 8,340,740 20
May-14 11,050 9,950 10,200 68,949 556,095 5,802,044 18
65.8% Jun-14 10,400 9,850 10,325 73,158 668,924 6,771,119 21
60%
50.7%
Jul-14 12,200 10,100 11,200 91,236 838,066 9,411,432 18
Aug-14 11,375 10,600 11,050 96,070 733,194 8,022,874 20
40%
33.5% Sep-14 11,175 10,150 10,425 91,480 785,001 8,367,361 22
Oct-14 11,075 10,000 11,075 112,523 852,028 8,958,410 23
20%
Nov-14 11,550 10,600 11,525 65,560 424,706 4,720,140 20
Dec-14 11,725 11,000 11,650 82,491 540,205 6,200,187 20
-
Jan-15 12,100 11,325 11,675 84,255 607,503 7,101,489 21

-20% Feb-15 13,050 11,600 12,875 82,946 748,654 9,092,542 19
Mar-15 13,275 12,600 13,275 82,495 552,663 7,172,234 22
-40% Apr-15 13,450 11,250 11,625 96,485 727,168 9,138,329 21
Jun-15 11,775 10,050 10,350 143,673 854,615 9,122,101 21
Jul-15 10,900 9,300 10,000 107,429 692,996 7,012,522 19
Frequency (Thou. X) 514 730 1,071 1,264 786 Nov-15 11,600 10,200 10,775 87,443 545,609 5,909,768 21
Days 246 244 242 244 140 Dec-15 11,600 10,425 11,425 83,179 511,242 5,704,482 19
Price (Rupiah) Jan-16 11,825 10,750 11,225 88,556 492,583 5,607,189 20

High 7,850 9,950 12,200 13,450 12,300 Feb-16 12,300 10,425 11,075 144,650 842,610 9,542,491 20
Low 5,150 6,200 7,000 7,975 9,525 Mar-16 11,500 10,650 11,425 116,596 632,000 7,028,852 21
Close 6,950 7,250 11,650 11,425 11,525 Apr-16 11,300 9,800 10,350 139,975 794,637 8,338,493 21
Close* 6,950 7,250 11,650 11,425 11,525 May-16 10,675 9,525 10,350 95,493 659,498 6,609,965 20
Jun-16 10,925 9,900 10,800 106,482 555,605 5,766,411 22
PER (X) 9.18 8.38 11.86 10.99 11.90 Jul-16 12,000 10,700 11,525 93,983 582,709 6,688,896 16
PER Industry (X) 6.58 17.20 27.72 25.09 22.85
PBV (X) 2.64 2.25 2.94 2.49 2.17

Cash on Hand 13,895,464 19,171,778 22,469,167 28,771,635 34,201,718 912,500

41,136,880 42,673,665 84,168,460 124,873,547 126,069,787 730,000
Loans 336,081,042 419,144,730 479,211,143 547,318,355 576,998,160
547,500
Investment 196,742 222,851 251,573 269,130 283,167
Fixed Assets 2,804,366 3,972,612 5,917,470 8,039,280 23,514,150
365,000
Other Assets 5,961,840 7,004,037 8,792,889 13,514,846 15,324,201
Total Assets 551,336,790 626,182,926 801,955,021 878,426,312 907,842,929 182,500
Growth (%) 13.58% 28.07% 9.54% 3.35%
-
Deposits 452,945,001 507,972,602 630,977,238 282,157,299 690,118,329 2012 2013 2014 2015 Jun-16
Taxes Payable 895,695 1,266,018 59,805 1,497,262 539,351
Fund Borrowings 10,888,755 9,084,913 24,986,862 35,480,358 27,727,090
Growth (%) 12.42% 28.78% 8.67% 1.16% 133,664
113,127
97,737
106,396
Paid up Capital 6,167,291 6,167,291 6,167,291 6,167,291 6,167,291 79,327

64,882
79,129

Par Value 250 250 250 250 250 51,862

Total Equity 64,881,779 79,327,422 97,737,429 113,127,179 133,663,832 24,594
Growth (%) 22.26% 23.21% 15.75% 18.15%

-2,673
2012 2013 2014 2015 Jun-16

Growth (%) 19.86% 26.34% 13.73%
8,389,732 8,348,459 9,299,140 12,409,041 8,051,093 75,122

85,434

59,461
Income from Operations 22,682,538 26,127,577 28,361,877 30,512,907 14,779,671
49,610
46,749
Growth (%) 15.19% 8.55% 7.58% 50,577
Non-Operating Revenues 1,177,034 1,782,489 2,497,196 1,981,111 798,159

33,148

5,172,192 6,555,736 6,605,228 7,083,230 3,395,344
15,720

Growth (%) 14.27% 13.58% 4.77% 2012 2013 2014 2015 Jun-16

25,411
25,411
24,254
21,354
18,687
Dividend (Rp) 225.23 257.33 294.80 311.66 - 20,227
EPS (Rp) 757.26 865.22 982.67 1,029.53 493.55

2,630.08 3,215.65 3,961.93 4,585.77 5,418.26 12,182
15,043
BV (Rp)
DAR (X) 0.88 0.87 0.88 0.87 0.85 9,859
DER(X) 7.50 6.89 7.21 6.76 5.79

ROA (%) 3.39 3.41 3.02 2.89 1.34 4,676
ROE (%) 28.80 26.92 24.82 22.46 9.11

OPM (%) 45.72 43.94 37.75 35.72 31.61
-508
2012 2013 2014 2015 Jun-16

NPM (%) 37.67 35.91 32.29 29.74 26.06
Payout Ratio (%) 29.74 29.74 30.00 30.27 -
Yield (%) 3.24 3.55 2.53 2.73 -

COMPANY REPORT
BBTN
BANK TABUNGAN NEGARA (PERSERO) TBK.
Company Profile
PTBankTabunganNegara(Persero)Tbk.orBankBTNwasestablishedin1897underthe
nameofPostspaarBank.ThenamewaschangedtoBankTabunganPosin1950andfinally
became Bank Tabungan Negara in 1963. Bank BTN successfully done The Initial Public
Offering(IPO)andlistedontheIndonesiaStockExchangeon17December2009,andwas
the first Indonesian bank to securitize mortgage through Asset Backed Securities
CollectiveInvestmentContracts(KIKEBA)scheme.BankBTNengagedinactivitiesbasedon
ShariaprinciplesonDecember15,2004.
Bank BTN is a fully commercial bank that focuses on the housing finance. Bank BTN has
been doing mortgage business for more than six decades of consistency by providing a
variety of housing products and services, particularly through the Home Ownership Loan
(mortgage), both Subsidized Mortgages for lowermiddle segment as well as Non
SubsidizedMortgagesformiddleanduppersegments.
As of June 30th, 2015,theBank has 87 branches (including 22 shariabranches), 244 sub

branches (including 21 sharia subbranches), 486 cash offices (including 7 sharia cash
offices),and2,951SOPPs(SystemonlinePaymentPoint/onlinePostoffice).
Thebankspermanentemployeesamountto8,218.
August 2016
Disclaimer:

BBTN Bank Tabungan Negara (Persero) Tbk.
50 | 20.7T | 0.37% | 75.42%
45 | 8.23T | 0.59% | 77.28%

Established Date : 30-Nov-1934 1. Negara Republik Indonesia 6,354,000,000 : 60.00%
Listing Date : 17-Dec-2009 2. Public (<5%) 4,130,100,000 : 40.00%
Under Writer IPO :
PT Mandiri Sekuritas DIVIDEND ANNOUNCEMENT
PT CIMB Securities Indonesia Bonus Cash Recording Payment
F/I
PT Datindo Entrycom 2009 15.09 10-Jun-10 11-Jun-10 15-Jun-10 29-Jun-10 F
Wisma Sudirman - Puri Datindo 2010 31.19 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2011 25.31 10-May-12 11-May-12 15-May-12 30-May-12 F
Phone : (021) 570-9009 2012 38.74 26-Apr-13 29-Apr-13 01-May-13 10-May-13 F
Fax : (021) 570-9026 2013 44.36 18-Mar-14 19-Mar-14 21-Mar-14 07-Apr-14 F
2014 21.11 31-Mar-15 01-Apr-15 06-Apr-15 24-Apr-15 I
BOARD OF COMMISSIONERS 2015 34.96 19-Apr-16 20-Apr-16 22-Apr-16 12-May-16 F
1. I Wayan Agus Mertayasa *)
2. Arie Coerniadi *) ISSUED HISTORY
3. Iman Sugema Listing Trading
4. Kamaruddin Sjam *) No. Type of Listing Shares Date Date
5. Lucky Fathul Aziz H. *) 1. First Issue 2,360,057,000 17-Dec-09 17-Dec-09
6. Maurin Sitorus 2. Company Listing 6,263,228,575 17-Dec-09 17-Dec-09
7. Sumiyati 3. MESOP Conversion I 124,368,000 T: 08-Feb-11 : 13-Aug-14
*) Independent Commissioners 4. MESOP Conversion I & II 5,670,000 T: 06-Feb-12 : 14-Aug-14
5. Right Issue 1,497,728,925 07-Dec-12 07-Dec-12
BOARD OF DIRECTORS 6. MESOP Conversion I, II & III 208,387,000 T: 07-Feb-13 : 17-Jul-13
1. Maryono 7. MESOP Conversion II & III 444,300 T: 14-Mar-14 : 14-Aug-15
2. Adi Setianto 8. MESOP Conversion III 7,759,500 T: 19-Mar-14 : 17-Mar-16
3. Catur Budi Harto 9. MESOP Conversion II 36,000 T: 22-Jul-14 : 18-Mar-15
4. Handayani 10. MESOP Conversion I & III 2,081,000 20-Aug-14 20-Aug-14
5. Iman Nugroho Soeko
6. Mansyur S. Nasution
7. Oni Febriarto R.
8. Sulis Usdoko
AUDIT COMMITTEE
1. Kamaruddin Sjam
2. Deddy Effendi Ridwan
3. I Wayan Agus Mertayasa
4. Sondang Gayatri
5. Sumiyati
6. Waldy Gutama
CORPORATE SECRETARY
Eko Waluyo
HEAD OFFICE
Menara Bank BTN
Jln. Gajah Mada No. 1
Jakarta 10130
Phone : (021) 633-6789, 2666, 6733, 231-0490
Fax : (021) 634-6704; 633-6737
Homepage : www.btn.co.id
Email : eko.waluyo@btn.co.id
risma.ully@btn.co.id;
arman.setiadi@btn.co.id;

TRADING ACTIVITIES
Bank Tabungan Negara (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
2,200 1,600 Jan-12 1,270 1,180 1,200 11,071 302,240 369,927 21
Feb-12 1,250 1,160 1,220 8,442 170,762 205,487 21
1,925 1,400 Mar-12 1,220 1,160 1,200 3,803 62,277 74,561 21
Apr-12 1,440 1,200 1,380 14,473 365,152 486,519 20
May-12 1,390 1,190 1,200 5,250 81,787 107,075 21
1,650 1,200
Jun-12 1,400 1,130 1,290 6,698 139,270 177,699 21
Jul-12 1,380 1,240 1,370 7,747 193,721 255,431 22
1,375 1,000
Aug-12 1,420 1,280 1,310 5,178 119,668 162,886 19
Sep-12 1,460 1,250 1,440 12,362 317,570 423,906 20
1,100 800 12,271 22
Oct-12 1,650 1,360 1,520 306,185 452,863
Nov-12 1,720 1,420 1,610 15,597 1,585,209 2,241,325 20
825 600 Dec-12 1,610 1,440 1,450 9,276 308,764 476,736 18
550 400 Jan-13 1,640 1,450 1,620 12,496 502,676 774,616 21

Feb-13 1,680 1,530 1,630 16,891 460,352 741,687 20
275 200 Mar-13 1,740 1,610 1,700 15,925 556,705 936,218 19
Apr-13 1,720 1,470 1,490 13,858 462,242 745,326 22
May-13 1,510 1,260 1,420 24,534 686,550 950,640 22
Jun-13 1,400 1,010 1,150 19,347 347,074 411,522 19
Jul-13 1,250 1,020 1,040 17,377 380,644 430,266 23
Aug-13 1,200 880 950 12,813 270,433 285,056 17
Sep-13 1,160 840 930 29,196 430,902 418,199 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 1,030 910 970 17,269 337,041 325,799 21
Finance Index Nov-13 1,020 900 970 10,701 240,433 230,220 20
January 2012 - July 2016 Dec-13 990 820 870 10,010 155,875 145,999 19
75%
69.8%
Jan-14 970 835 900 18,385 275,674 252,515 20
60% Feb-14 1,145 890 1,080 37,825 1,429,330 1,502,277 20
Mar-14 1,355 1,015 1,285 39,910 1,270,021 1,539,871 20
50.7%
45% Apr-14 1,525 1,140 1,155 55,199 1,598,310 2,048,453 20
May-14 1,175 1,070 1,090 36,625 903,411 1,011,693 18
33.5% Jun-14 1,090 980 1,040 25,604 570,012 589,252 21
30%
Jul-14 1,230 1,030 1,080 48,574 1,654,735 1,874,974 18
Aug-14 1,215 1,045 1,115 42,735 1,333,365 1,517,629 20
15%
Sep-14 1,180 1,070 1,170 32,063 968,580 1,090,634 22
Oct-14 1,195 1,070 1,120 27,396 644,155 728,263 23
-
Nov-14 1,155 1,090 1,130 16,256 447,183 498,895 20
Dec-14 1,240 1,120 1,205 21,919 566,006 662,843 20
-15%
Jan-15 1,230 980 995 44,134 1,247,054 1,302,876 21

-30% Feb-15 1,095 990 1,070 47,590 1,549,165 1,615,293 19
Mar-15 1,270 1,060 1,255 40,326 1,207,915 1,392,206 22
-45% Apr-15 1,250 1,080 1,115 28,932 701,031 823,389 21
Jun-15 1,200 1,070 1,190 28,296 410,752 469,186 21
Jul-15 1,230 1,150 1,170 22,849 297,190 353,106 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 1,255 935 1,065 32,369 543,842 582,291 20
Volume (Million Sh.) 3,953 4,831 11,661 8,010 3,636 Sep-15 1,090 970 995 29,159 357,423 367,986 21
Value (Billion Rp) 5,434 6,396 13,317 8,900 5,930 Oct-15 1,230 995 1,185 48,255 593,101 667,140 21
Days 246 244 242 244 140 Dec-15 1,315 1,250 1,295 20,431 189,362 245,098 19
Price (Rupiah) Jan-16 1,420 1,280 1,365 30,750 476,062 645,114 20

High 1,720 1,740 1,525 1,315 2,030 Feb-16 1,690 1,350 1,660 58,858 1,005,608 1,526,817 20
Low 1,130 820 835 935 1,280 Mar-16 1,865 1,600 1,745 43,540 462,332 796,834 21
Close 1,450 870 1,205 1,295 1,975 Apr-16 1,780 1,625 1,760 42,592 485,258 833,245 21
Close* 1,450 870 1,205 1,295 1,975 May-16 1,885 1,590 1,705 37,300 386,739 673,510 20
Jun-16 1,745 1,560 1,715 43,493 421,059 713,599 22
PER (X) 11.06 5.88 12.64 7.33 10.11 Jul-16 2,030 1,690 1,975 38,886 398,887 740,507 16
PER Industry (X) 6.58 17.20 27.72 25.09 22.85
PBV (X) 1.46 0.80 1.08 0.99 1.20

Cash on Hand 694,941 924,451 920,482 1,181,219 1,288,005 200,000

1,013,796 4,201,682 5,436,970 1,807,561 4,540,124 160,000
Loans 75,410,705 99,330,214 114,345,618 136,905,226 147,238,588
120,000
Investment - - - - -
Fixed Assets 1,582,812 1,522,724 1,488,383 1,553,401 4,646,678
80,000
Other Assets 759,956 783,770 1,007,989 1,553,599 1,730,472
Total Assets 111,748,593 131,169,730 144,582,353 171,807,592 189,513,352 40,000
Growth (%) 17.38% 10.23% 18.83% 10.31%
-
Deposits 81,374,686 96,482,879 107,649,946 129,429,868 141,122,728 2012 2013 2014 2015 Jun-16
Taxes Payable - - 115,260 - -
Fund Borrowings 6,737,260 7,073,035 6,998,213 7,726,728 5,698,451
Growth (%) 17.88% 10.63% 19.36% 8.88% 17,547
13,860
13,967
12,253
11,557
Paid up Capital 5,178,220 5,282,427 5,283,848 5,291,173 5,295,000 10,279
10,388

Par Value 500 500 500 500 500 6,808

Total Equity 10,278,871 11,556,753 12,252,895 13,860,107 17,546,645 3,229
Growth (%) 12.43% 6.02% 13.12% 26.60%

-351
2012 2013 2014 2015 Jun-16

Growth (%) 22.27% 18.77% 16.86%
571,494 763,983 894,820 1,106,526 583,923

14,966
Other Operating Revenue 12,807

10,783
Income from Operations 1,870,969 2,135,909 1,577,367 2,533,605 1,385,083
8,819
14.16% -26.15% 60.62% 8,120
Growth (%) 8,860
Non-Operating Revenues -7,767 4,862 1,960 8,281 -2,756

5,807

499,240 578,610 433,755 690,979 340,052
2,754

Profit for the period 1,363,962 1,562,161 1,145,572 1,850,907 1,042,275 -299
Growth (%) 14.53% -26.67% 61.57% 2012 2013 2014 2015 Jun-16

1,851
1,851
1,562
1,364
Dividend (Rp) 38.74 44.36 21.11 34.96 - 1,473
1,146
EPS (Rp) 131.70 147.86 108.40 174.91 98.42 1,042
992.51 1,093.89 1,159.47 1,309.74 1,656.91
1,096
BV (Rp)
DAR (X) 0.91 0.91 0.92 0.92 0.91 718
DER(X) 9.87 10.35 10.80 11.40 9.80

ROA (%) 1.22 1.19 0.79 1.08 0.55 341
ROE (%) 13.27 13.52 9.35 13.35 5.94

OPM (%) 21.22 19.81 12.32 16.93 17.06
-37
2012 2013 2014 2015 Jun-16

NPM (%) 15.47 14.49 8.94 12.37 12.84
Payout Ratio (%) 29.41 30.00 19.48 19.99 -
Yield (%) 2.67 5.10 1.75 2.70 -

COMPANY REPORT
BMRI
BANK MANDIRI (PERSERO) TBK.
Company Profile
Bank Mandiri was formed on 2 October 1998, as part of the government of Indonesias
bankrestructuringprogram.BankMandiriisthelargestbankinIndonesia.BankMandiri
offersacomprehensiverangeoffinancialsolutionstoprivateandstateownedlargeand
mediumcorporations,smallandmicrobusinessesaswellasretailconsumers.
Amidstthevariousexternalchallenges,MandiriGroupsuccessfullyachievedanumberof
importantmilestones.Inconnectionwiththevariousimprovementstobusinessprocesses,
Mandiri Group conducted disciplined supervision over the microfinancial and macro
external parameters so as to serve as an early warning system. The supervision process
was carried out proactively based on the principles of good corporate governance and
focusedonstrengtheningthefoundationsforachievingourgoalsinourthree(3)business
focusareas(wholesaletransactions,retaildepositsandpayments,andretailfinancing),as
wellasinternalcontrols,improvedriskmanagement,andenhancementstoinfrastructure
andhumanresources.
In line with the product development and the increasing complexity of transactions,
Management has also taken steps to optimize the Internal Audit function, both in
assuranceandadvisoryterms,byenhancingthecapacityofauditors.Suchcapacityisnot
just limited to auditing knowledge and skills, but also extends to knowledge of products
andbankingoperations.
AsofJune30th,2016structureandthenumberofdomesticandoverseasofficesofBank
Mandiri(Total2,483offices)areasfollows:
12thedomesticterritoryOffice
Branchesinthecountry:
o 78AreaOffice
o 1,178BranchOffice
o 1000MandiriMitraUsahaOffices
o 216CashOutlet
6Overseasbranches
Totalofemployees37,760.
August 2016
Disclaimer:

BMRI Bank Mandiri (Persero) Tbk.
7 | 233.3T | 4.16% | 42.26%
5 | 71.9T | 5.19% | 29.31%

Established Date : 02-Oct-1998 1. Negara Republik Indonesia 14,000,000,000 : 60.00%
Listing Date : 14-Jul-2003 2. Public (<5%) 9,099,999,999 : 40.00%
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia Bonus Cash Recording Payment
F/I
PT Datindo Entrycom 2003 50.00 16-Dec-03 17-Dec-03 19-Dec-03 30-Dec-03 I
Wisma Sudirman - Puri Datindo 2003 115.00 11-Jun-04 14-Jun-04 16-Jun-04 30-Jun-04 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2004 60.00 16-Dec-04 17-Dec-04 21-Dec-04 30-Dec-04 I
Phone : (021) 570-9009 2005 70.50 13-Jun-05 14-Jun-05 16-Jun-05 24-Jun-05
2006 70.02 19-Jun-07 20-Jun-07 22-Jun-07 29-Jun-07 F
1. Wimboh Santoso *) 2008 88.55 26-May-09 27-May-09 29-May-09 12-Jun-09 F
2. Abdul Aziz *) 2009 19.26 02-Dec-09 03-Dec-09 07-Dec-09 22-Dec-09 I
3. Ardan Adiperdana 2010 19.64 21-Dec-10 22-Dec-10 27-Dec-10 30-Dec-10 I
4. Askolani 2010 120.60 15-Jun-11 16-Jun-11 20-Jun-11 30-Jun-11 F
5. Aviliani *) 2011 104.97 15-May-12 16-May-12 22-May-12 05-Jun-12 F
6. Bangun Sarwito Kusmuljono *) 2012 199.33 26-Apr-13 29-Apr-13 01-May-13 16-May-13 F
7. Goei Siauw Hong *) 2013 234.05 26-Mar-14 27-Mar-14 01-Apr-14 15-Apr-14 F
8. Imam Apriyanto Putro 2014 212.91 23-Mar-15 24-Mar-15 26-Mar-15 17-Apr-15 I
*) Independent Commissioners 2015 261.45 29-Mar-16 30-Mar-16 01-Apr-16 22-Apr-16 F
BOARD OF DIRECTORS ISSUED HISTORY

1. Kartika Wirjoatmodjo Listing Trading
2. Ahmad Siddik Badruddin No. Type of Listing Shares Date Date
3. Hery Gunardi 1. First Issue 2,900,000,000 14-Jul-03 14-Jul-03
4. Kartini Sally 2. Company Listing 16,900,000,000 T: 14-Jul-03 : 30-Dec-03
5. Ogi Prastomiyono 3. MSOP Conversion 598,938,831 T: 26-Jul-04 : 09-Jan-07
6. Pahala Nugraha Mansury 4. Partial delisting 1 % -9,955,000 06-Dec-05 06-Dec-05
7. Rico Usthavia Frans 5. MSOP Conversion I & II 32,316,636 T: 11-Dec-06 : 15-Dec-06
8. Royke Tumilaar 6. MSOP Conversion I 10,547,213 T: 21-Mar-07 : 16-Jul-08
9. Sulaiman Arif Arianto 7. MSOP Conversion I, II & III 105,564,065 T: 10-May-07 : 02-Jun-08
10. Tardi 8. MSOP Conversion I & III 129,311,724 T: 14-May-07 : 28-May-08
9. MSOP Conversion II & III 33,502,868 T: 14-Nov-07 : 19-May-10
AUDIT COMMITTEE 10. MSOP Conversion III 86,224,280 T: 19-Nov-07 : 16-Dec-10
1. Aviliani 11. MSOP Conversion II 44,125 02-Jun-10 02-Jun-10
2. Askolani 12. Right Issue 2,313,505,257 02-Mar-11 02-Mar-11
3. Budi Sulistio
4. Goei Siauw Hong
5. Ridwan Darmawan Ayub
CORPORATE SECRETARY
Rohan Hafas
HEAD OFFICE
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36 - 38
Jakarta 12190
Phone : (021) 529-13321, 300-23166
Fax : (021) 526-3460
Homepage : www.bankmandiri.co.id
Email : cma@bankmandiri.co.id

TRADING ACTIVITIES
Bank Mandiri (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
14,000 240 Jan-12 7,150 6,600 6,700 38,879 724,875 4,954,614 21
Feb-12 6,750 6,000 6,450 76,926 1,462,741 9,269,521 21
12,250 210 Mar-12 6,950 6,350 6,850 45,324 984,952 6,573,813 21
Apr-12 7,400 6,800 7,400 24,798 676,326 4,780,291 20
May-12 7,450 6,650 6,900 23,052 615,116 4,369,398 21
10,500 180
Jun-12 7,350 6,550 7,200 24,789 420,561 2,956,044 21
Jul-12 8,300 6,850 8,300 30,999 586,543 4,352,468 22
8,750 150
Aug-12 8,600 7,350 7,800 26,979 398,429 3,208,709 19
Sep-12 8,300 7,600 8,200 31,515 480,997 3,812,109 20
7,000 120
Oct-12 8,400 7,900 8,250 23,531 473,867 3,854,682 22
Nov-12 8,900 8,150 8,250 25,336 417,060 3,548,485 20
5,250 90 Dec-12 8,450 7,700 8,100 38,789 660,905 5,339,337 18
3,500 60 Jan-13 9,050 8,000 9,050 36,696 517,167 4,358,835 21

Feb-13 10,150 8,700 10,050 33,818 567,187 5,224,978 20
1,750 30 Mar-13 10,050 9,450 10,000 38,478 570,412 5,577,493 19
Apr-13 10,750 9,800 10,500 33,768 525,014 5,402,910 22
May-13 10,550 9,700 9,700 47,425 748,146 7,579,728 22
Jun-13 9,900 8,250 9,000 68,921 871,631 7,848,472 19
Jul-13 9,050 7,450 8,900 68,683 837,483 7,032,852 23
Aug-13 8,900 6,250 7,100 67,391 1,083,003 8,108,305 17
Sep-13 10,300 6,550 7,950 73,619 1,026,893 8,219,662 21
January 2012 - July 2016 Dec-13 8,000 7,300 7,850 41,923 370,112 2,853,587 19
105%
Jan-14 9,525 7,600 8,700 76,373 650,120 5,508,866 20
90% Feb-14 9,650 8,400 9,100 76,609 701,451 6,330,151 20
Mar-14 10,250 9,000 9,450 87,370 821,343 7,785,861 20
75% Apr-14 10,350 9,525 9,825 83,068 758,989 7,503,307 20
May-14 10,825 9,775 10,175 67,908 527,196 5,392,549 18
60% Jun-14 10,250 9,625 9,725 62,399 585,096 5,798,770 21
Jul-14 11,000 9,625 10,250 87,146 885,176 9,132,248 18
50.7%
47.4% Aug-14 10,650 10,025 10,375 59,900 443,282 4,620,858 20
45%
Sep-14 10,700 9,825 10,075 67,815 578,571 5,988,220 22
33.5% Oct-14 10,375 9,300 10,350 91,426 651,302 6,403,397 23
30%
Nov-14 10,725 10,100 10,525 54,054 359,724 3,761,633 20
Dec-14 10,875 10,125 10,775 57,885 416,710 4,418,807 20
15%
Jan-15 11,375 10,600 11,000 66,447 515,375 5,623,454 21

- Feb-15 12,300 10,950 12,000 65,366 563,345 6,593,778 19
Mar-15 12,475 11,750 12,475 70,026 428,152 5,146,324 22
-15% Apr-15 12,550 10,350 10,750 80,765 638,748 7,347,327 21
Jun-15 10,825 9,350 10,050 91,798 706,310 7,092,455 21
Jul-15 10,400 9,275 9,525 78,628 566,167 5,596,610 19
Days 246 244 242 244 140 Dec-15 9,250 8,450 9,250 66,540 386,816 3,436,104 19
Price (Rupiah) Jan-16 9,600 9,000 9,600 63,648 481,137 4,499,144 20

High 8,900 10,750 11,000 12,550 10,475 Feb-16 10,400 9,175 9,550 96,936 776,545 7,514,552 20
Low 6,000 6,250 7,600 7,150 8,650 Mar-16 10,375 9,375 10,300 79,327 646,595 6,486,963 21
Close 8,100 7,850 10,775 9,250 10,100 Apr-16 10,450 9,200 9,650 103,785 640,026 6,220,689 21
Close* 8,100 7,850 10,775 9,250 10,100 May-16 9,875 8,650 9,025 82,283 620,912 5,630,533 20
Jun-16 9,700 8,850 9,525 80,833 483,413 4,461,305 22
PER (X) 11.63 10.06 13.05 10.51 18.78 Jul-16 10,475 9,325 10,100 101,843 895,356 8,894,030 16
PER Industry (X) 6.58 17.20 27.72 25.09 22.85
PBV (X) 2.47 2.06 2.54 1.81 1.81

Cash on Hand 15,286,190 19,051,934 20,704,563 25,109,124 23,550,297 975,000

10,769,775 26,802,548 40,465,158 43,641,564 49,140,605 780,000
Loans 370,570,356 450,634,798 505,394,870 564,393,595 573,717,447
585,000
Investment 11,366,225 616,821 766,524 646,753 141,003
Fixed Assets 7,002,690 7,645,598 8,928,856 9,761,688 35,401,586
390,000
Other Assets 7,339,965 8,908,732 11,239,398 11,292,727 14,246,471
Total Assets 635,618,708 733,099,762 855,039,673 910,063,409 971,444,434 195,000
Growth (%) 15.34% 16.63% 6.44% 6.74%
-
Deposits 456,854,700 521,439,569 600,980,756 634,968,568 652,796,487 2012 2013 2014 2015 Jun-16
Taxes Payable 2,662,421 2,126,864 1,875,141 2,131,616 596,857
Fund Borrowings 11,608,832 15,997,188 24,227,104 33,764,671 34,019,054
Growth (%) 15.24% 16.43% -1.87% 4.57% 147,089
119,492
16,000,000 16,000,000 16,000,000 16,000,000 16,000,000 104,845
Authorized Capital
117,083
88,791
Paid up Capital 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667
87,077 76,533
Par Value 500 500 500 500 500 57,071

Total Equity 76,532,865 88,790,596 104,844,562 119,491,841 147,089,194 27,064
Growth (%) 16.02% 18.08% 13.97% 23.10%

-2,942
2012 2013 2014 2015 Jun-16

Growth (%) 18.00% 24.75% 14.26%
11,897,822 14,686,637 14,687,815 18,378,678 8,781,929 62,638

71,570

50,209
Growth (%) 20.01% 10.30% 1.39% 42,370
36,368
Non-Operating Revenues 878,821 510,126 29,909 30,458 -7,910

27,769

4,460,650 5,231,903 5,353,232 5,217,032 1,951,021
13,169

Growth (%) 17.37% 9.69% 2.41% 2012 2013 2014 2015 Jun-16

20,655 21,152
18,830
21,152

16,044
Dividend (Rp) 199.33 234.05 212.91 261.45 - 16,837
EPS (Rp) 664.46 780.16 851.65 871.50 303.44

3,279.98 3,805.31 4,493.34 5,121.08 6,303.82
12,522
BV (Rp)
DAR (X) 0.88 0.88 0.88 0.81 0.79 7,502
8,207
DER(X) 7.31 7.26 7.16 6.16 5.23

ROA (%) 2.52 2.57 2.42 2.32 0.77 3,892
ROE (%) 20.96 21.21 19.70 17.70 5.10

OPM (%) 46.12 46.91 41.47 36.80 26.02
-423
2012 2013 2014 2015 Jun-16

NPM (%) 37.70 37.50 32.97 29.55 20.63
Payout Ratio (%) 30.00 30.00 25.00 30.00 -
Yield (%) 2.46 2.98 1.98 2.83 -

COMPANY REPORT
BMTR
GLOBAL MEDIACOM TBK.
Company Profile
TheCompanystartedcommercialoperationsin1982.Thescopeofcompaniesitsactivities
is in the fields of industry, mining, transportation, agriculture, telecommunications, real
estate, architecture, construction (developer), printing, services and trade, media and
investment. Currently, the Company is engaged in investment sector and the parent
companyofseveralsubsidiaries.

The Company is supported by two main lines of businesses that have generated major
revenuecontribution,namely,contentandadvertisingbasedmediamanagedbyPTMedia
NusantaraCitraTbk.(MNC)andsubscriptionbasedmedia,managedbyPTMNCSkyVision
Tbk (MSKY). Besides content and advertisingbased media and subscriptionbased media,
The Company is also engaged in the investment, infrastructure, new media (news portal
andonlinehomeshopping).
The Company focuses targets for its business lines mainly MNC and MNC Sky Vision.
Through FTA TV, MNC targets to be the leading national TV among others by increasing
audiencesharethroughbroadcastinghighqualityTVprogramminganddevelopingcontent
business.ThroughSINDOTV,MNCalsotargetstotransformlocalTVSindoTVintonational
TVnetworkbyintegratingexisting40regionalbroadcasters.ThroughMNCSkyVision,the
company targets to improve the servicequality delivered to the subscribers byproviding
anddevelopingexclusivecontentstosuitmarketdemandsandthustoincreasesubscribers
byenhancinggoodrelationshipswithnewandloyalcustomers.
TheCompanyhasitsexcellenceinprovidingthesrengthofitscorebusiness(FTA&PayTV)
and broadcast distinguished porgrams that attract more viewership especially women.
Through MSKY, the Company also has a competitive edge as it controls its sales and
distributions and has close to 20 exclusive TV channels, leveraging in particular its local
contentlibrary.
At June 30th, 2016 the Company and its subsidiaries ad total employees of 12,702
employees.
August 2016
Disclaimer:

BMTR GlobalMediacomTbk.[S]
Industry Sub Sector : Investment Company (98) Market Capitalization : 14,624,572,339,660
63 | 14.6T | 0.26% | 79.36%
72 | 3.50T | 0.25% | 87.59%

Established Date : 30-Jun-1981 1. PT MNC Investama Tbk. 3,506,903,470 : 24.70%
Listing Date : 17-Jul-1995 2. DB AG HK SA PT MNC Investama 3,276,739,030 : 23.00%
Under Writer IPO : 3. DB AG HK-CT S/A Tempus/BMTR-2059974013 964,000,000 : 6.70%
PT Makindo 4. Public (<5%) 6,450,971,422 : 45.60%
Securities Administration Bureau :
PT BSR Indonesia DIVIDEND ANNOUNCEMENT
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 Bonus Cash Recording Payment
F/I
Jln. K.H. Hasyim Ashari Jakarta 10150 Year Shares Dividend Cum Date Ex Date Date Date
Fax : (021) 631-7827 1996 20.00 05-May-97 06-May-97 15-May-97 03-Jun-97 F
1997 4.50 22-Jun-98 23-Jun-98 01-Jul-98 24-Jul-98 F
BOARD OF COMMISSIONERS 2000 15.00 28-May-01 29-May-01 01-Jun-01 18-Jun-01 F
1. Rosano Barack 2001 20.00 18-Jun-02 19-Jun-02 24-Jun-02 08-Jul-02 F
2. Bambang Rudjianto Tanoesoedibjo 2002 26.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F
3. Beti Puspitasari Santoso *) 2003 25.00 11-Jun-04 14-Jun-04 16-Jun-04 30-Jun-04 F
4. John Aristianto Prasetio *) 2005 1:1 07-Jul-06 10-Jul-06 12-Jul-06 26-Jul-06 S
5. Mohamed Idwan Ganie *) 2006 4.00 11-Jul-07 12-Jul-07 16-Jul-07 30-Jul-07 F
*) Independent Commissioners 2007 14.56 28-Nov-07 29-Nov-07 03-Dec-07 17-Dec-07 I
2008 3.50 06-Nov-09 09-Nov-09 25-Nov-09 25-Nov-09 F
BOARD OF DIRECTORS 2009 5.00 03-Dec-10 06-Dec-10 09-Dec-10 23-Dec-10 F
1. Hary Tanoesoedibjo 2010 10.00 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 F
2. Christophorus Taufik Siswandi 2012 24.00 10-Sep-13 11-Sep-13 13-Sep-13 27-Sep-13 F
3. David Fernando Audy 2013 25.00 16-Oct-14 17-Oct-14 21-Oct-14 04-Nov-14 F
4. Handhianto Suryo Kentjono 2014 25.00 27-May-15 28-May-15 01-Jun-15 19-Jun-15 F
5. Indra Pudjiastuti Prastomiyono
6. Oerianto Guyandi ISSUED HISTORY
7. Syafril Nasution Listing Trading
AUDIT COMMITTEE 1. First Issue 200,000,000 T: 17-Jul-95 : 10-Jun-10
1. Beti Puspitasari Santoso 2. Company Listing 760,000,000 T: 17-Jul-95 : 11-Jun-10
2. Hery Kusnanto 3. Convertible Bond 57,000,000 T: 17-Jul-95 : 20-Feb-96
3. John Aristianto Prasetio 4. Option Conversion 1,088,576 T: 30-Apr-02 : 03-Jun-02
4. Mohamed Idwan Ganie 5. ESOP Conversion 84,293,938 T: 20-Jun-02 : 19-Sep-11
6. Right Issue 266,978,118 28-Jul-04 28-Jul-04
CORPORATE SECRETARY 7. Bonus Shares 1,299,013,678 26-Jul-06 26-Jul-06
Ajun Sri Damayanti 8. Stock Split 10,417,945,240 24-Apr-07 24-Apr-07
9. Additional Listing without RI 685,168,000 06-Jul-07 06-Jul-07
HEAD OFFICE 10. ESOP Conversion I 43,722,000 T: 17-Mar-11 : 07-Jun-11
MNC Tower 27th - 29th Fl. 11. ESOP Conversion I & II 34,647,500 T: 23-Sep-11 : 12-Mar-12
Jln. Kebon Sirih 17 - 19 12. ESOP Conversion I, II & III 106,578,500 T: 16-Mar-12 : 18-Oct-12
Jakarta 13. ESOP Conversion II & III 5,838,500 28-Sep-12 28-Sep-12
Phone : (021) 390-0065 14. ESOP Conversion II, III, IV & V 62,991,500 29-May-13 29-May-13
Fax : (021) 390-9207, 230-5281, 392-7859 15. Revision ESOP II, III, IV & V 8,000 21-Jun-13 21-Jun-13
16. ESOP Conversion III, IV & V 21,741,500 27-Nov-13 27-Nov-13
Homepage : www.mediacom.co.id 17. ESOP Conversion IV & V 145,911,872 T: 28-May-14 : 20-Nov-14
Email : ajun.damayanti@mncgroup.com

TRADING ACTIVITIES
Global Mediacom Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,800 1,600 Jan-12 1,120 980 1,110 13,633 207,458 214,242 21
Feb-12 1,270 1,100 1,260 15,338 231,702 279,612 21
2,450 1,400 Mar-12 1,660 1,260 1,600 20,226 1,014,874 1,369,969 21
Apr-12 1,720 1,570 1,660 19,440 617,944 1,010,682 20
May-12 1,790 1,240 1,360 26,969 1,268,031 2,101,421 21
2,100 1,200
Jun-12 1,560 1,220 1,520 42,500 633,907 901,986 21
Jul-12 1,750 1,470 1,750 43,064 1,358,234 2,123,331 22
1,750 1,000
Aug-12 1,820 1,710 1,750 27,220 347,523 614,668 19
Sep-12 2,075 1,750 2,050 40,318 651,200 1,225,051 20
1,400 800
Oct-12 2,375 2,050 2,275 49,594 1,949,320 4,263,509 22
Nov-12 2,450 2,100 2,400 36,243 825,913 1,868,399 20
1,050 600 Dec-12 2,625 2,300 2,400 23,246 512,440 1,265,081 18
700 400 Jan-13 2,575 2,150 2,175 46,238 522,750 1,240,680 21

Feb-13 2,350 2,050 2,300 55,245 480,534 1,079,567 20
350 200 Mar-13 2,550 2,275 2,325 34,193 627,244 1,518,188 19
Apr-13 2,400 2,050 2,175 38,596 460,369 1,017,507 22
May-13 2,800 2,075 2,600 51,309 1,054,035 2,583,137 22
Jun-13 2,600 1,860 2,150 46,999 857,900 1,830,708 19
Jul-13 2,550 1,860 2,300 40,269 1,050,215 2,260,063 23
Aug-13 2,375 1,370 1,750 46,422 758,529 1,315,192 17
Sep-13 2,125 1,620 1,930 36,501 600,980 1,138,921 21
January 2012 - July 2016 Dec-13 2,000 1,810 1,900 24,458 240,075 460,216 19
180%
Jan-14 1,950 1,780 1,850 29,385 195,531 364,107 20
150% Feb-14 2,185 1,745 2,185 34,222 170,355 327,917 20
Mar-14 2,500 2,115 2,350 36,263 293,514 694,364 20
120% Apr-14 2,405 2,100 2,190 42,963 559,651 1,270,060 20
May-14 2,290 2,050 2,050 47,499 551,725 1,208,378 18
90% Jun-14 2,200 2,000 2,125 84,349 985,902 2,107,593 21
Jul-14 2,145 1,900 1,920 42,640 663,996 1,341,742 18
Aug-14 2,045 1,745 1,935 42,518 614,598 1,158,193 20
60%
Sep-14 2,125 1,885 1,945 41,246 406,747 803,456 22
46.3%
Oct-14 1,965 1,745 1,960 55,469 352,204 666,963 23
30% 33.5%
Nov-14 2,000 1,605 1,605 28,501 203,819 358,803 20
Dec-14 1,610 1,375 1,425 40,757 635,529 968,053 20
- -1.0%
Jan-15 2,015 1,390 1,855 60,991 440,605 793,168 21
-30% Feb-15 2,050 1,720 2,015 46,069 262,325 489,181 19
Mar-15 2,025 1,670 1,750 49,125 373,592 704,175 22
-60% Apr-15 1,795 1,400 1,550 40,448 250,699 402,986 21
Jun-15 1,330 1,045 1,170 71,841 597,032 717,028 21
Jul-15 1,245 1,090 1,245 35,181 211,282 244,332 19
Volume (Million Sh.) 9,619 7,927 5,634 3,669 2,499 Sep-15 1,180 840 940 28,922 231,215 226,908 21
Value (Billion Rp) 17,238 17,013 11,270 4,969 2,427 Oct-15 1,140 870 870 30,983 161,906 163,411 21
Days 246 244 242 244 140 Dec-15 1,120 660 1,100 61,575 393,682 333,699 19
Price (Rupiah) Jan-16 1,170 770 800 81,856 449,021 404,960 20

High 2,625 2,800 2,500 2,050 1,260 Feb-16 885 725 875 71,388 544,392 440,898 20
Low 980 1,370 1,375 660 725 Mar-16 1,210 855 1,205 72,185 498,077 489,312 21
Close 2,400 1,900 1,425 1,100 1,030 Apr-16 1,260 1,035 1,160 49,191 426,760 475,955 21
Close* 2,400 1,900 1,425 1,100 1,030 May-16 1,230 995 995 41,316 214,859 237,988 20
Jun-16 1,125 895 985 37,663 197,989 200,861 22
PER (X) 16.21 43.04 22.00 299.33 10.62 Jul-16 1,150 980 1,030 47,463 167,798 176,855 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 2.34 2.00 1.29 1.02 0.84

Public Accountant : Osman Bing Satrio & Eny (Member of Deloitte Touche Tohmatsu Limited)
Cash & Cash Equivalents 952,529 1,529,588 1,485,421 631,409 497,827 27,500
Receivables 3,113,957 3,630,541 3,617,304 3,912,542 3,861,890

1,636,122 1,803,445 2,038,756 1,911,910 2,116,274 22,000
Inventories
Current Assets 10,781,083 9,748,947 10,699,101 9,900,012 9,873,980
16,500
Fixed Assets 3,734,879 4,906,183 6,299,156 7,949,132 8,303,278
Other Assets 605,330 824,763 1,260,497 232,767 253,313
11,000
Total Assets 19,995,526 21,069,471 25,365,211 26,492,179 26,317,972
Growth (%) 5.37% 20.39% 4.44% -0.66% 5,500

Growth (%) 35.38% 22.99% 17.98% -1.64%
15,295 15,304
Paid up Capital 1,396,796 1,405,270 1,419,861 1,419,861 1,419,861 15,875
14,296
13,353
Par Value 100 100 100 100 100
12,636

9,398
Total Equity 14,295,756 13,353,037 15,874,525 15,294,612 15,303,577

Growth (%) -6.59% 18.88% -3.65% 0.06% 6,159
Total Revenues 8,925,419 10,019,977 10,657,152 10,572,834 5,461,939

Growth (%) 12.26% 6.36% -0.79%
-317
2012 2013 2014 2015 Jun-16
Cost of Revenues 4,753,060 5,486,919 6,131,982 6,551,292 3,205,384

Gross Profit 4,172,359 4,533,058 4,525,170 4,021,542 2,256,555
Expenses (Income) 1,610,968 3,021,595 2,607,623 3,406,924 815,196
Operating Profit - - - - - 10,657 10,573
10,020
Growth (%)
10,657
8,925
8,483

Income before Tax 2,561,391 1,511,463 1,917,547 614,618 1,441,359 6,309
5,462
Tax 567,902 481,817 627,539 331,179 375,596
Profit for the period 1,993,489 1,029,646 1,290,008 283,439 1,065,763
4,135
Growth (%) -48.35% 25.29% -78.03%

1,961
Period Attributable 1,299,085 620,395 704,981 52,178 601,546 -213
Comprehensive Income 2,068,219 1,101,619 1,194,206 251,956 1,158,105 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 1,369,492 692,368 609,179 7,522 693,888
Current Ratio (%) 434.44 264.84 417.34 153.08 160.62
1,993
Dividend (Rp) 24.00 25.00 25.00 - - 1,993
EPS (Rp) 93.00 44.15 49.65 3.67 42.37

BV (Rp) 1,023.47 950.21 1,118.03 1,077.19 1,077.82 1,587
1,290
DAR (X) 0.29 0.37 0.37 0.42 0.42
1,030 1,066
0.40 0.58 0.60 0.73 0.72
1,180
DER(X)
ROA (%) 9.97 4.89 5.09 1.07 4.05 773
ROE (%) 13.94 7.71 8.13 1.85 6.96

283
GPM (%) 46.75 45.24 42.46 38.04 41.31 367
OPM (%) - - - - -
NPM (%) 22.33 10.28 12.10 2.68 19.51
-40
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 25.81 56.63 50.35 - -
Yield (%) 1.00 1.32 1.75 - -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
BSDE
BUMI SERPONG DAMAI TBK.
Company Profile

PT Bumi Serpong Damai Tbk. was established in 1984 and started its commercial
operations in 1989. The Companys pupose and objective is to engage in real estate
developmentactivities.

Nowadays,theCompanyhasbecomealeadingpropertydeveloperinIndonesiawiththe
mainpropertyprojectssituatedinSerpong(BSDCity),anddiversifyingtoJakarta,Bekasi,
Cibubur, Surabaya, Medan and Balikpapan, also expanding to Samarinda, Manado and
Palembang.

Since2008,theCompanyhasbecomeapubliccompanythatlistedintheIndonesiaStock
Exchange. In end of 2010, the Company has done the acquisition process on affiliated
companies in PT Duta Pertiwi Tbk., PT Sinar Mas Teladan and PT Sinar Mas Wisesa. The
acquisition is expected to increase Companys performance particularly due to higher
revenueportfolioandbusinessdiversification.

The Companys purpose and objective is to engage in real estate development activities.
The Company has been developing a new city, which is a planned and integrated
residential area, with amenities/infrastructure, environmental facilities and parks, called
theBSDCity.

AsofJune30th,2016,theCompanyhad2,436employees.
August 2016
Disclaimer:

BSDE BumiSerpongDamaiTbk.[S]
23 | 40.2T | 0.72% | 61.72%
25 | 14.6T | 1.05% | 62.82%

Established Date : 16-Jan-1984 1. PT Paraga Arta Mida 5,113,851,730 : 26.57%
Listing Date : 06-Jun-2008 2. PT Ekacentra Usahamaju 4,813,031,900 : 25.01%
PT CLSA Indonesia
PT Nusadana Capital Indonesia DIVIDEND ANNOUNCEMENT
PT Sinarmas Sekuritas Bonus Cash Recording Payment
F/I
PT Sinartama Gunita 2008 4.00 01-Jul-09 02-Jul-09 06-Jul-09 22-Jul-09 F
Sinar Mas Land Plaza Menara I, 9th Fl. 2009 6.00 01-Jul-10 02-Jul-10 06-Jul-10 20-Jul-10 F
Jln. M.H. Thamrin No. 51, Jakarta 10350 2010 6.00 05-Jul-11 06-Jul-11 08-Jul-11 22-Jul-11 F
2014 15.00 13-May-15 15-May-15 19-May-15 05-Jun-15 F
BOARD OF COMMISSIONERS 2015 5.00 26-May-16 27-May-16 31-May-16 15-Jun-16 F
1. Muktar Widjaja
2. Susiyati Bambang Hirawan *) ISSUED HISTORY
3. Teddy Pawitra *) Listing Trading
4. Teky Mailoa No. Type of Listing Shares Date Date
5. Yoseph Fransciscus Bonang 1. First Issue 1,093,562,000 06-Jun-08 06-Jun-08
*) Independent Commissioners 2. Company Listing 9,842,060,870 06-Jun-08 01-Feb-09
3. Right Issue I 6,561,373,722 21-Dec-10 21-Dec-10
BOARD OF DIRECTORS 4. Add. Listing without Right Issue 874,849,800 16-May-14 16-May-14
1. Franciscus Xaverius Ridwan Darmali 5. Add. Listing without Right Issue 874,849,800 14-Apr-15 14-Apr-15
2. Hermawan Wijaya
3. Liauw Herry Hendarta
4. Lie Jani Harjanto
5. Michael J.P. Widjaja
6. Monik William
7. Petrus Kusuma
8. Syukur Lawigena
AUDIT COMMITTEE
1. Susiyati Bambang Hirawan
2. Herawan Hadidjaja
3. Rusli Prakarsa
CORPORATE SECRETARY
Christy Grassela
HEAD OFFICE
Sinar Mas Land Plaza
Grand Boulevard, BSD Green Office Park
Tangerang 15345
Phone : (021) 503-68368
Fax : (021) 5058-8270
Homepage : www.bsdcity.com
Email : christy.grassela@sinarmasland.com

TRADING ACTIVITIES
Bumi Serpong Damai Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,400 560 Jan-12 1,070 940 1,050 7,492 502,946 511,007 21
Feb-12 1,250 1,060 1,150 11,872 802,356 934,604 21
2,100 490 Mar-12 1,330 1,120 1,290 13,823 513,779 633,843 21
Apr-12 1,470 1,290 1,430 29,809 1,020,344 1,421,238 20
May-12 1,490 1,160 1,200 27,368 1,081,486 1,423,915 21
1,800 420
Jun-12 1,290 1,080 1,180 16,140 566,611 678,381 21
Jul-12 1,250 1,070 1,150 28,070 1,147,808 1,338,777 22
1,500 350
Aug-12 1,160 930 1,000 17,225 653,709 691,237 19
Sep-12 1,130 930 1,130 21,262 699,555 727,882 20
1,200 280
Oct-12 1,310 1,020 1,240 25,587 1,192,184 1,397,115 22
Nov-12 1,290 1,180 1,210 11,502 584,368 723,218 20
900 210 Dec-12 1,270 1,080 1,110 12,996 528,628 627,165 18
600 140 Jan-13 1,450 1,090 1,400 26,871 1,122,431 1,405,038 21

Feb-13 1,600 1,320 1,600 18,943 766,112 1,103,713 20
300 70 Mar-13 1,790 1,530 1,750 23,894 948,716 1,580,124 19
Apr-13 1,760 1,590 1,730 26,272 941,130 1,588,336 22
May-13 2,200 1,730 2,200 59,301 1,979,407 3,721,967 22
Jun-13 2,125 1,660 1,800 64,726 1,530,160 2,863,844 19
Jul-13 1,850 1,370 1,580 50,647 1,333,112 2,061,537 23
Aug-13 1,670 1,180 1,310 29,602 615,728 878,562 17
Sep-13 1,850 1,200 1,440 36,856 637,213 913,406 21
January 2012 - July 2016 Dec-13 1,480 1,220 1,290 19,589 325,381 444,297 19
175%
Jan-14 1,600 1,200 1,440 37,323 489,096 698,307 20
150% Feb-14 1,600 1,405 1,535 33,288 536,893 824,896 20
141.2% Mar-14 1,750 1,490 1,635 49,830 1,086,155 1,786,918 20
125% Apr-14 1,705 1,455 1,560 41,654 642,305 1,023,903 20
113.3% May-14 1,620 1,510 1,610 25,751 310,042 488,501 18
100% Jun-14 1,610 1,425 1,485 29,429 250,899 386,497 21
Jul-14 1,685 1,470 1,585 41,820 581,695 937,267 18
Aug-14 1,655 1,525 1,605 35,408 402,011 642,263 20
75%
Sep-14 1,660 1,510 1,545 38,489 410,647 651,533 22
Oct-14 1,610 1,420 1,605 44,191 469,700 713,262 23
50%
Nov-14 1,790 1,510 1,770 25,353 415,384 676,549 20
35.2% Dec-14 1,895 1,620 1,805 38,562 571,770 1,026,692 20
25%
Jan-15 2,185 1,790 2,020 54,447 1,380,570 2,725,175 21

- Feb-15 2,230 1,990 2,220 53,279 819,829 1,719,779 19
Mar-15 2,220 1,995 2,135 62,387 862,616 1,783,198 22
-25% Apr-15 2,210 1,800 1,865 47,444 642,577 1,310,178 21
Jun-15 1,925 1,605 1,670 49,946 418,594 739,731 21
Jul-15 1,885 1,660 1,790 40,599 339,339 597,979 19
Volume (Million Sh.) 9,294 11,028 6,167 7,020 6,132 Sep-15 1,605 1,235 1,405 52,164 309,768 451,821 21
Value (Billion Rp) 11,108 17,817 9,857 13,220 11,371 Oct-15 1,795 1,380 1,620 48,845 539,657 893,122 21
Days 246 244 242 244 140 Dec-15 1,835 1,580 1,800 38,504 372,398 645,560 19
Price (Rupiah) Jan-16 1,850 1,650 1,730 40,294 505,407 890,031 20

High 1,490 2,200 1,895 2,230 2,210 Feb-16 1,825 1,630 1,685 48,500 621,828 1,080,765 20
Low 930 1,090 1,200 1,235 1,630 Mar-16 1,940 1,675 1,835 55,999 1,460,762 2,583,391 21
Close 1,110 1,290 1,805 1,800 2,090 Apr-16 2,005 1,795 1,850 46,125 1,220,928 2,300,898 21
Close* 1,110 1,290 1,805 1,800 2,090 May-16 1,845 1,695 1,830 42,386 640,007 1,136,003 20
Jun-16 2,210 1,815 2,110 58,891 1,084,821 2,158,806 22
PER (X) 13.12 8.39 7.76 16.19 26.11 Jul-16 2,170 2,000 2,090 51,646 598,437 1,220,871 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 1.84 1.68 1.89 1.57 1.87

Public Accountant : Mulyamin Sensi Suryanto & Lianny (Member of Moore Stephens International Limited)
Receivables 83,188 110,327 138,627 165,542 246,128

3,374,802 3,796,776 5,239,017 6,547,652 7,225,291 31,000
Inventories
Investment 769,378 1,652,477 5,735,418 6,332,810 6,311,119
23,250
Fixed Assets 415,371 437,868 607,790 803,253 818,227
Other Assets 415 415 415 415 415
15,500
Total Assets 16,756,718 22,572,159 28,134,725 36,022,148 37,788,663
Growth (%) 34.71% 24.64% 28.03% 4.90% 7,750
Bank Payable 91,000 1,362,669 1,523,011 2,056,800 2,276,535 -

Trade Payable 177,681 95,715 158,055 316,601 350,103 2012 2013 2014 2015 Jun-16
Growth (%) 47.10% 5.51% 44.14% 6.17%
22,097
Paid up Capital 1,749,700 1,749,700 1,837,185 1,924,670 1,924,670 23,004

Par Value 100 100 100 100 100
18,311

13,618
Total Equity 10,531,704 13,415,298 18,473,430 22,096,690 23,003,895 10,532
Growth (%) 27.38% 37.70% 19.61% 4.11% 8,926
Total Revenues 3,727,812 5,741,264 5,571,872 6,209,574 2,870,637

Growth (%) 54.01% -2.95% 11.45%
-460
2012 2013 2014 2015 Jun-16
Cost of Revenues 1,346,826 1,575,447 1,440,361 1,571,559 756,612

Gross Profit 2,380,986 4,165,817 4,131,511 4,638,016 2,114,024
Operating Expenses 949,431 1,256,190 1,499,935 2,090,606 1,001,643
Operating Profit 1,431,555 2,909,627 2,631,576 2,547,410 1,112,382 6,210
5,741 5,572
Growth (%) 103.25% -9.56% -3.20%
6,210
4,943
Other Income (Expenses) 221,921 322,189 8,170 -232,949 -224,192 3,728

Income before Tax 1,696,564 3,278,954 4,306,326 2,362,082 908,444 3,676
2,871
Tax 217,705 373,306 309,862 10,702 2,885
Profit for the period 1,478,859 2,905,649 3,996,464 2,351,380 905,559
2,409
Growth (%) 96.48% 37.54% -41.16%

1,143
Period Attributable 1,286,047 2,691,396 3,820,552 2,139,497 821,801 -124
Comprehensive Income 1,480,581 2,909,347 3,994,332 2,346,110 908,449 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 1,287,149 2,695,880 3,817,256 2,134,233 824,157
Dividend (Rp) 15.00 15.00 15.00 5.00 -
3,996
EPS (Rp) 73.50 153.82 207.96 111.16 42.70 3,996
BV (Rp) 601.91 766.72 1,005.53 1,148.08 1,195.21

2,906
DAR (X) 0.37 0.41 0.34 0.39 0.39 3,181
DER(X) 0.59 0.68 0.52 0.63 0.64 2,351
8.83 12.87 14.20 6.53 2.40

2,366
ROA (%)
14.04 21.66 21.63 10.64 3.94 1,479
ROE (%) 1,551
GPM (%) 63.87 72.56 74.15 74.69 73.64 906

OPM (%) 38.40 50.68 47.23 41.02 38.75 735
NPM (%) 39.67 50.61 71.73 37.87 31.55

Payout Ratio (%) 20.41 9.75 7.21 4.50 -
-80
2012 2013 2014 2015 Jun-16

Yield (%) 1.35 1.16 0.83 0.28 -

COMPANY REPORT
CPIN
CHAROEN POKPHAND INDONESIA TBK.
Company Profile
PT Charoen Pokphand Indonesia Tbk. was established dated January 7th, 1972. The
Companystarteditscommercialoperationsin1972.

TheCompanyisengagedinpoultryfeed,breedingandcultivationofbroilertogetherwith
its processing, processed food, preservation of chicken and beef including cold storage
units, selling poultry feed, chicken and beef, materials from animal sources within the
territoryofRepublicofIndonesia.

The Companys branches are located in Sidoardjo, Medan, Tangerang, Cirebon, Balaraja,
Serang,Lampung,Denpasar,Surabaya,Semarang,Makasar,andSalatiga.

TheCompanyhasdirectandindirectownershipinsubsidiaries:
PTCharoenPokphandJayaFarm,
PTPrimafoodInternational,
PTVistaGrain,
PTPolyPackagingIndustry,
PTFeprotamaPertiwi,
PTAgricoInternational,
PTSaranaFarmindoUtama
PTSingaMasInternational
PTPrimaRitelIndonesia
PTPrimaPersadaPropertindo.

TheCompanyandSubsidiarieshad5,442employeesasofJune30th,2016.
August 2016
Disclaimer:

CPIN Charoen Pokphand Indonesia Tbk. [S]
Industry Sector : Basic Industry And Chemicals (3) Listed Shares : 16,398,000,000
Industry Sub Sector : Animal Feed (36) Market Capitalization : 61,492,500,000,000
15 | 61.5T | 1.10% | 54.46%
58 | 5.65T | 0.41% | 83.58%

Established Date : 07-Jan-1972 1. PT Central Agromina 9,106,385,410 : 55.53%
Listing Date : 18-Mar-1991 2. Public (<5%) 7,291,614,590 : 44.47%
Under Writer IPO :
PT Danareksa DIVIDEND ANNOUNCEMENT
PT Makindo Bonus Cash Recording Payment
F/I
PT Asean Development Securities Year Shares Dividend Cum Date Ex Date Date Date
PT Surya Securities 1990 50.00 25-Jul-91 26-Jul-91 02-Aug-91 21-Aug-91 F
Securities Administration Bureau : 1991 175.00 03-Jun-92 04-Jun-92 15-Jun-92 22-Jun-92 F
PT Adimitra Jasa Korpora 1992 200.00 30-Oct-92 02-Nov-92 09-Nov-92 17-Nov-92 I
Rukan Kirana Boutique Office 1992 315.00 15-Jun-93 16-Jun-93 24-Jun-93 23-Jul-93 F
Jln. Kirana Avenue III Blok F3 No. 5, Kelapa Gading, Jakarta Utara 1993 200.00 02-Dec-93 03-Dec-93 10-Dec-93 20-Dec-93 I
Phone : (021) 2974-5222 1993 73.00 22-Jul-94 25-Jul-94 01-Aug-94 01-Sep-94 I
Fax : 1993 73.00 22-Jul-94 25-Jul-94 01-Aug-94 01-Sep-94 F
1994 155.00 13-Jul-95 14-Jul-95 24-Jul-95 10-Aug-95 F
BOARD OF COMMISSIONERS 1995 230.00 21-Sep-95 22-Sep-95 02-Oct-95 09-Oct-95 I
1. Hadi Gunawan Tjoe 1997 4:1 06-Jun-97 09-Jun-97 17-Jun-97 01-Jul-97 B
2. Herman Sugianto *) 1996 20.00 27-Aug-97 28-Aug-97 05-Sep-97 01-Oct-97 F
3. Rusmin Ryadi 1999 50.00 11-Sep-00 12-Sep-00 19-Sep-00 05-Oct-00 F
4. Suparman Sastrodimedjo *) 2001 10.00 02-Aug-02 05-Aug-02 08-Aug-02 15-Aug-02 F
*) Independent Commissioners 2002 15.00 23-Sep-03 24-Sep-03 26-Sep-03 10-Oct-03 F
2006 38.00 30-Jul-07 31-Jul-07 02-Aug-07 16-Aug-07 F
BOARD OF DIRECTORS 2009 196.00 22-Jun-10 23-Jun-10 25-Jun-10 09-Jun-10 F
1. Tjiu Thomas Effendy 2010 39.80 16-Jun-11 17-Jun-11 21-Jun-11 05-Jul-11 F
2. Eddy Dharmawan Mansjoer 2011 42.00 07-Jun-12 08-Jun-12 12-Jun-12 26-Jun-12 F
3. Ferdiansyah Gunawan Tjoe 2012 46.00 28-Jun-13 01-Jul-13 03-Jul-13 17-Jul-13 F
4. Jemmy 2013 46.00 30-Jun-14 01-Jul-14 03-Jul-14 18-Jul-14 F
5. Ong Mei Sian 2014 18.00 26-Jun-15 29-Jun-15 01-Jul-15 15-Jul-15 F
6. Peraphon Prayooravong 2015 29.00 22-Jun-16 23-Jun-16 27-Jun-16 15-Jul-16 F
7. Vinai Rakphongphairoj
ISSUED HISTORY
AUDIT COMMITTEE Listing Trading
1. Herman Sugianto No. Type of Listing Shares Date Date
2. Harlan Budiono 1. First Issue 2,500,000 18-Mar-91 18-Mar-91
3. Kong Djung Hin 2. Partial Listing 5,000,000 18-Mar-91 18-Jun-91
4. Suparman Sastrodimedjo 3. Company Listing 45,000,000 11-Nov-91 18-Nov-91
5. Yustinus Eddy Tiono 4. Convertible Bonds 839,738 20-Oct-94 20-Oct-94
5. Convertible Bonds 2,967,029 01-Dec-94 01-Dec-94
CORPORATE SECRETARY 6. Right Issue 56,306,767 07-Feb-95 07-Feb-95
Hadijanto Kartika 7. Stock Split 112,613,534 26-May-97 26-May-97
8. Bonus Shares 56,306,767 02-Jul-97 02-Jul-97
HEAD OFFICE 9. Stock Split 1,126,135,340 15-Jan-01 15-Jan-01
Jln. Ancol VIII/1 10. Right Issue 234,611,529 01-Aug-07 01-Aug-07
Jakarta 14430 11. Stock Split 1,642,280,704 01-Nov-07 01-Nov-07
Phone : (021) 692-7068, 691-9999 12. Stock Split 13,138,245,632 08-Dec-10 08-Dec-10
Fax : (021) 690-7324 13. Buy back -24,807,040 03-Jan-12 03-Jan-12
Homepage : www.cp.co.id
Email : hadijanto@cp.co.id
cpi-jkt@cp.co.id

TRADING ACTIVITIES
Charoen Pokphand Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
5,600 640 Jan-12 2,550 2,100 2,500 28,901 362,122 843,531 21
Feb-12 2,875 2,425 2,675 22,290 354,584 947,040 21
4,900 560 Mar-12 2,775 2,525 2,750 16,781 233,594 623,275 21
Apr-12 2,825 2,625 2,750 14,447 163,751 443,008 20
May-12 2,800 2,550 2,625 16,503 200,774 536,404 21
4,200 480
Jun-12 3,425 2,325 3,425 21,919 274,107 792,772 21
Jul-12 3,425 2,925 3,200 23,542 261,769 823,958 22
3,500 400
Aug-12 3,200 2,600 2,700 23,263 254,560 729,813 19
Sep-12 3,025 2,650 3,025 19,062 243,921 697,362 20
2,800 320
Oct-12 3,200 2,925 3,125 15,684 168,547 516,572 22
Nov-12 3,475 3,000 3,425 17,577 190,871 612,019 20
2,100 240 Dec-12 3,650 3,125 3,650 17,348 464,529 1,521,474 18
1,400 160 Jan-13 4,025 3,400 3,875 22,837 172,807 627,478 21

Feb-13 4,675 3,750 4,400 25,887 190,399 791,775 20
700 80 Mar-13 5,250 4,325 5,050 34,984 357,500 1,704,379 19
Apr-13 5,100 4,600 5,050 26,573 221,332 1,063,057 22
May-13 5,550 4,750 4,950 29,496 191,522 967,147 22
Jun-13 5,150 4,275 5,150 45,241 269,464 1,289,057 19
Jul-13 5,150 4,125 4,300 44,340 242,064 1,093,933 23
Aug-13 4,375 2,550 3,375 35,992 253,915 878,789 17
Sep-13 4,600 2,575 3,400 49,512 439,354 1,528,570 21
Basic Industry and Chemicals Index Nov-13 4,000 3,400 3,400 25,525 174,913 655,437 20
January 2012 - July 2016 Dec-13 3,575 3,100 3,375 22,346 140,288 469,316 19
150%
Jan-14 4,225 3,260 4,135 52,996 197,493 749,683 20
125% Feb-14 4,245 3,840 4,235 39,926 164,966 664,928 20
Mar-14 4,500 3,950 3,995 52,039 218,463 911,471 20
100% Apr-14 4,280 3,770 3,770 55,123 207,713 833,655 20
May-14 4,025 3,690 3,775 36,562 202,005 788,856 18
75% Jun-14 3,940 3,700 3,770 37,159 94,959 363,997 21
70.5% Jul-14 4,070 3,750 3,950 38,918 702,054 2,740,259 18
Aug-14 4,080 3,845 3,845 36,653 123,617 493,004 20
50%
Sep-14 4,345 3,800 4,240 51,557 196,641 815,987 22
33.5% Oct-14 4,250 3,700 4,200 46,971 165,721 661,121 23
25%
Nov-14 4,160 3,725 4,110 32,369 150,127 589,361 20
8.3% Dec-14 4,230 3,700 3,780 47,461 159,444 621,438 20
-
Jan-15 4,025 3,725 3,955 47,230 169,097 657,060 21

-25% Feb-15 3,925 3,740 3,785 39,903 181,862 693,947 19
Mar-15 3,830 3,345 3,545 45,919 172,460 631,070 22
-50% Apr-15 3,695 2,820 2,835 50,293 137,795 460,367 21
Jun-15 3,190 2,700 2,750 42,679 113,524 331,980 21
Jul-15 2,890 2,450 2,535 38,397 95,655 260,266 19
Days 246 244 242 244 140 Dec-15 3,400 2,600 2,600 65,525 195,345 577,969 19
Price (Rupiah) Jan-16 3,400 2,605 3,345 54,758 196,108 586,715 20

High 3,650 5,550 4,500 4,025 4,020 Feb-16 3,760 3,125 3,380 55,104 167,555 588,308 20
Low 2,100 2,550 3,260 1,350 2,605 Mar-16 3,755 3,240 3,590 66,375 173,456 603,359 21
Close 3,650 3,375 3,780 2,600 3,750 Apr-16 3,785 3,460 3,715 38,617 91,824 335,213 21
Close* 3,650 3,375 3,780 2,600 3,750 May-16 3,750 2,950 3,500 51,605 155,671 520,204 20
Jun-16 3,890 3,440 3,750 50,908 127,875 474,601 22
PER (X) 22.33 21.87 27.14 23.21 18.18 Jul-16 4,020 3,710 3,750 44,219 131,059 505,901 16
PER Industry (X) 9.79 6.83 16.60 4.10 15.15
PBV (X) 7.32 5.56 5.68 3.39 4.55

Cash & Cash Equivalents 954,694 1,146,852 884,831 1,679,273 1,945,403 26,250
Receivables 1,846,576 2,531,089 3,522,209 3,339,849 3,615,303

3,366,317 4,044,737 4,333,238 5,454,001 5,550,879 21,000
Inventories
Current Assets 7,180,890 8,824,900 10,009,670 12,013,294 12,600,061
15,750
Fixed Assets 4,593,000 6,389,545 9,058,302 11,123,465 11,430,204
Other Assets 46,105 49,920 78,296 83,965 97,943
10,500
Total Assets 12,348,627 15,722,197 20,862,439 24,684,915 25,543,067
Growth (%) 27.32% 32.69% 18.32% 3.48% 5,250

Growth (%) 38.33% 71.87% 22.22% -3.39%
Paid up Capital 163,980 163,980 163,980 163,980 163,980 13,831
12,561
9,951
Par Value 10 10 10 10 10
11,010

8,188
Total Equity 8,176,464 9,950,900 10,943,289 12,561,427 13,831,128

Growth (%) 21.70% 9.97% 14.79% 10.11% 5,366
Total Revenues 21,310,925 25,662,992 29,150,275 30,107,727 19,078,696

Growth (%) 20.42% 13.59% 3.28%
-277
2012 2013 2014 2015 Jun-16
Cost of Revenues 16,819,413 20,513,184 25,016,020 24,967,568 15,854,280

Gross Profit 4,491,512 5,149,808 4,134,255 5,140,159 3,224,416
Expenses (Income) 1,032,832 1,571,511 1,766,507 1,652,086 915,553
8.66% -37.00% 47.32%

30,108
Growth (%) 25,663

23,966
21,311
Other Income (Expenses) -82,181 -126,964 -260,856 -1,206,445 -150,357 19,079
Tax 695,627 922,643 360,248 449,030 420,179

Growth (%) -5.68% -30.93% 4.92%

5,540
Current Ratio (%) 331.28 379.23 224.07 210.62 238.98
2,681
Dividend (Rp) 46.00 46.00 18.00 29.00 - 2,681
2,529
EPS (Rp) 163.68 154.34 106.52 112.02 105.62

BV (Rp) 498.63 606.84 667.36 766.03 843.46 2,134
1,833
1,747 1,738
DAR (X) 0.34 0.37 0.48 0.49 0.46
0.51 0.58 0.91 0.97 0.85
1,587
DER(X)
ROA (%) 21.71 16.08 8.37 7.42 6.81 1,040
ROE (%) 32.79 25.41 15.96 14.59 12.57

GPM (%) 21.08 20.07 14.18 17.07 16.90 493
OPM (%) 16.23 14.64 8.12 11.59 12.10

NPM (%) 12.58 9.85 5.99 6.09 9.11
-54
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 28.10 29.80 16.90 25.89 -
Yield (%) 1.26 1.36 0.48 1.12 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
ELSA
ELNUSA TBK.
Company Profile
PTElnusaTbk.(theCompany)wasestablishedundertheoriginalnameofPTElectronika
NusantaraonJanuary25th,1969basedonNotarialDeedNo.18madebyTanThongKie,
S.H.

In accordance with the Companys Articles of Association, the scope of its activities is to
provideservices,trading,mining,constructionandindustry.TheCompanyisdomiciledat
GrahaElnusa16thFl.,Jln.T.B.SimatupangKav.1B,SouthJakartaandstarteditscommercial
operationsinSeptember1969.

Currently,theCompanyisengagedinupstreamoilandgasservicesandinvestinginshares
of stock in Subsidiaries and associates that are engaged in several industries, such as
upstream oil and gas support services and trading, downstream oil and gas services and
trading, oil and gas data management and storage services, oil and gas field asset
managementandtelecommunicationservices.

TheCompanyalsoprovidesgoodsandservicestoitsSubsidiariesandrelatedpartiesand
providingandmanagingofficespaces.

The Company has ownership in subsidiaries: PT Sigma Cipta Utama, PT Elnusa Fabrikasi
Konstruksi,PTElnusaPetrofin,PTElnusaPatraRitel,PTPatraNusaDataandElnusaCGG
VeritasSeismic.

PTElnusaTbkiscommittedtobecomingacompanycapableofprovidingwiththebestand
integrated services in total solutions to the community. Therefore the company always
seekstoofferqualityservices,reliableinfrastructures,andefficientandknowledgebased
technology.Forthisreason,thecompanymaintainsintegrityineachofitsdecisionmaking
by means of selfappreciation, and appreciation to its customers, suppliers and
competitors.

PTElnusaTbk.takeshighcareonqualityofproductsandservices.Thecompany'sreliable
infrastructure and commitment to efficiency in all of its business lines and activities has
becomeacapitalinmaterializingallthecompany'sproductsandservices.

ThetotalnumberofemployeesatMarch31st,2016was1,661.

August 2016
Disclaimer:

ELSA ElnusaTbk.[S]
Industry Sub Sector : Crude Petroleum & Natural Gas Production (22) Market Capitalization : 3,904,697,500,000
171 | 3.90T | 0.07% | 93.85%
46 | 7.94T | 0.57% | 77.85%

Established Date : 25-Jan-1969 1. Perusahaan Pertambangan Minyak Dan Gas Bumi Negara (Pertamina) 3,000,000,000 : 41.10%
Listing Date : 06-Feb-2008 2. Dana Pensiun Pertamina - In House 2 1,197,871,800 : 16.41%
Under Writer IPO : 3. PT Prudential Life Assurance - Ref 407,920,400 : 5.59%
PT Mandiri Sekuritas 4. Public (<5%) 2,692,707,800 : 36.90%
PT Datindo Entrycom DIVIDEND ANNOUNCEMENT
Wisma Sudirman - Puri Datindo Bonus Cash Recording Payment
F/I
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 Year Shares Dividend Cum Date Ex Date Date Date
2009 20.00 07-Jan-10 08-Jan-10 12-Jan-10 26-Jan-10 I
BOARD OF COMMISSIONERS 2009 25.00 28-Jul-10 29-Jul-10 02-Aug-10 16-Aug-10 F
1. Syamsu Alam 2010 2.66 01-Jul-11 04-Jul-11 06-Jul-11 20-Jul-11 F
2. Budhi Himawan 2012 1.76 15-May-13 16-May-13 20-May-13 30-May-13 F
3. Hadi Budi Yulianto 2013 16.31 05-Jun-14 06-Jun-14 10-Jun-14 24-Jun-14 F
4. Pradana Ramadhian *) 2014 39.56 07-May-15 08-May-15 12-May-15 03-Jun-15 F
5. Rinaldi Firmansyah *)
*) Independent Commissioners ISSUED HISTORY
Listing Trading
BOARD OF DIRECTORS No. Type of Listing Shares Date Date
1. Syamsurizal Munaf 1. First Issue 1,460,000,000 06-Feb-08 06-Feb-08
2. Helmy Said 2. Company Listing 5,838,500,000 06-Feb-08 06-Feb-08
3. Lusiaga Levi Susila
4. Sabam Hutajulu
5. Tony Harisman Soetoro
AUDIT COMMITTEE
1. Tolingul Anwar
2. Bambang Hermawan Kardono
3. Budhi Nugraha Pangaribuan
4. Budi Rahardjo
5. Helmy Said
CORPORATE SECRETARY
Fajriyah Usman
HEAD OFFICE
Graha Elnusa
Jln. T.B. Simatupang Kav. 1B
Jakarta 12560
Phone : (021) 788-30850
Fax : (021) 788-30970
Homepage : www.elnusa.co.id
Email : fusman@elnusa.co.id
fusman.elnusa@gmail.com
info@bakrieland.com

ELSA ElnusaTbk.[S]
TRADING ACTIVITIES
Elnusa Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
740 2,400 Jan-12 260 230 245 25,422 410,444 101,100 21
Feb-12 280 235 245 34,105 587,789 153,662 21
648 2,100 Mar-12 275 225 230 42,811 784,550 191,278 21
Apr-12 230 190 195 12,501 593,513 108,337 20
May-12 210 189 195 10,547 295,631 58,815 21
555 1,800
Jun-12 215 167 169 124,123 1,767,473 351,118 21
Jul-12 182 165 171 9,742 161,778 27,656 22
463 1,500
Aug-12 188 162 188 26,217 312,456 54,057 19
Sep-12 197 165 174 50,543 761,265 139,450 20
370 1,200
Oct-12 186 173 180 23,351 552,049 98,965 22
Nov-12 184 177 178 5,862 185,443 33,390 20
278 900 Dec-12 179 171 173 3,171 482,828 83,616 18
185 600 Jan-13 184 174 175 6,710 172,766 30,751 21

Feb-13 200 172 197 12,777 478,558 89,679 20
93 300 Mar-13 215 190 190 8,738 358,948 71,965 19
Apr-13 250 190 245 11,417 662,902 148,184 22
May-13 260 235 255 4,212 340,381 84,118 22
Jun-13 260 230 260 1,732 253,544 60,071 19
Jul-13 260 235 260 1,901 297,158 73,964 23
Aug-13 290 245 275 3,728 265,434 69,152 17
Sep-13 295 265 280 2,278 187,887 53,486 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 325 270 310 3,154 313,300 93,016 21
Mining Index Nov-13 330 310 325 3,190 325,939 103,972 20
January 2012 - July 2016 Dec-13 340 300 330 3,089 590,914 178,545 19
210%
Jan-14 409 330 406 7,104 347,776 128,188 20
175% Feb-14 436 377 434 9,570 725,489 296,556 20
Mar-14 490 419 490 13,451 2,552,970 1,037,737 20
140% Apr-14 525 482 510 15,597 922,984 446,972 20
122.9% May-14 585 472 575 20,529 1,612,126 769,830 18
105% Jun-14 690 530 635 22,230 1,408,590 825,319 21
Jul-14 695 565 670 24,462 1,035,700 655,180 18
Aug-14 740 640 680 18,900 438,407 305,645 20
70%
Sep-14 690 615 630 19,665 446,000 288,156 22
Oct-14 640 515 520 34,648 861,094 485,508 23
35% 33.5% Nov-14 685 482 670 59,886 2,156,892 1,251,481 20
Dec-14 720 595 685 33,319 1,576,961 1,038,456 20
-
Jan-15 685 565 570 26,794 668,291 413,733 21

-35% Feb-15 630 550 565 26,680 684,386 404,784 19
-54.7% Mar-15 610 505 530 29,110 857,374 489,370 22
-70% Apr-15 610 520 595 24,824 858,950 497,547 21
Jun-15 570 477 484 18,922 342,406 175,476 21
Jul-15 498 381 386 18,024 313,551 143,116 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 401 233 291 52,370 862,040 265,897 20
Value (Billion Rp) 1,401 1,057 7,529 3,979 6,548 Oct-15 415 337 344 53,833 819,086 304,832 21
Days 246 244 242 244 140 Dec-15 304 239 247 30,772 514,644 143,827 19
Price (Rupiah) Jan-16 250 173 230 57,762 1,524,894 320,229 20

High 280 340 740 685 620 Feb-16 292 191 277 82,108 2,891,814 691,607 20
Low 162 172 330 233 173 Mar-16 384 272 333 71,646 2,379,752 800,686 21
Close 173 330 685 247 535 Apr-16 535 314 493 136,845 4,720,249 2,065,680 21
Close* 173 330 685 247 535 May-16 610 456 595 69,924 2,363,640 1,239,040 20
Jun-16 620 496 515 46,281 1,311,936 727,454 22
PER (X) 9.31 10.12 13.01 4.80 9.92 Jul-16 555 484 535 31,621 1,420,032 703,399 16
PER Industry (X) 8.49 20.76 3.23 0.60 1.41
PBV (X) 0.62 1.05 2.04 0.68 1.36

ELSA ElnusaTbk.[S]
BALANCE SHEET Dec-12 Dec-13 Dec-14 Dec-15 Mar-16 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
Receivables 1,118,512 957,924 930,446 790,000 627,177

92,725 102,555 114,830 127,890 117,183 3,600
Inventories
Current Assets 2,310,356 2,492,219 2,236,668 2,079,319 1,625,942
2,700
Fixed Assets 1,257,235 1,048,948 1,239,721 1,480,580 1,510,181
Other Assets 80,420 27,998 27,262 54,111 49,473
1,800
Total Assets 4,294,557 4,370,964 4,245,704 4,407,513 4,019,777
Growth (%) 1.78% -2.87% 3.81% -8.80% 900

Long Term Liabilities 565,862 525,653 284,397 323,742 68,056 2012 2013 2014 2015 Mar-16
Growth (%) -7.39% -20.29% 6.59% -27.67%
2,583 2,635
Paid up Capital 729,850 729,850 729,850 729,850 729,850 2,738
2,285
2,042
Par Value 100 100 100 100 100
2,179

1,621
Total Equity 2,042,245 2,285,114 2,582,996 2,635,186 2,737,774

Growth (%) 11.89% 13.04% 2.02% 3.89% 1,062
INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Mar-16 504
Total Revenues 4,777,083 4,111,973 4,221,172 3,775,323 921,080

Growth (%) -13.92% 2.66% -10.56%
-55
2012 2013 2014 2015 Mar-16
Cost of Revenues 4,225,983 3,465,322 3,461,359 3,056,513 706,898

Gross Profit 551,100 646,651 759,813 718,810 214,182
Expenses (Income) 340,029 309,451 - 205,789 74,839
Operating Profit - - - - 139,343 4,777
Growth (%) 4,221

4,777
4,112
3,775
3,803
Other Income (Expenses) - - -200,112 - -

Tax 75,474 94,595 141,609 133,276 36,755

1,854
78.92% 72.33% -9.17% 921

Growth (%)
879
Comprehensive Income 135,597 242,605 418,092 375,831 102,588 2012 2013 2014 2015 Mar-16
RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Mar-16 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 137.00 159.74 162.28 143.54 133.94
418
Dividend (Rp) 1.76 16.31 39.56 - - 418
380
EPS (Rp) 17.53 32.62 56.51 51.43 12.85
BV (Rp) 279.82 313.09 353.91 361.06 375.11 333
DAR (X) 0.52 0.48 0.39 0.40 0.32 243

1.10 0.91 0.64 0.67 0.47
248
DER(X)
ROA (%) 3.16 5.55 9.85 8.62 2.55 162 136
ROE (%) 6.64 10.62 16.19 14.41 3.75 103
GPM (%) 11.54 15.73 18.00 19.04 23.25 77
OPM (%) - - - - 15.13

NPM (%) 2.84 5.90 9.90 10.06 11.14
-8
2012 2013 2014 2015 Mar-16

Payout Ratio (%) 10.04 50.00 70.00 - -
Yield (%) 1.02 4.94 5.77 - -

COMPANY REPORT
GGRM
GUDANG GARAM TBK.
Company Profile
PT Gudang Garam Tbk. previously named as PT Perusahaan Rokok Tjap Gudang Garam
Kediri (PT Gudang Garam), was established on June 30th, 1971. The Company is a
continuation of a Proprietorship which was established in 1958. In 1969, the Company
changed its legal status to a Partnership and in 1971 it was further changed its existing
legalentityasaLimitedLiabilityCompany.Commercialoperationwascommencedin1958.
The Company is engaged in cigarette industry and other related cigarette industry
activities.PTSuryaDutaInvestaistheCompanysultimateparent.
The Companys Head Office at Jln. Semampir II/1, Kediri, East Java, and its plants are
located in Kediri, Gempol, and SoloKartasura. The Company also has representative
offices, which are Jakarta Representative Office at Jln. Jenderal A. Yani 79, Jakarta and
SurabayaRepresentativeOfficeatJln.Pengenal715,Surabaya.
The Company is a leading Kretek cigarette manufacturer in Indonesia which produces

various high quality products, varied from Corn Husk Cigarette (SKL), Handmade Kretek
Cigarette(SKT)andMachinemadeKretekCigarette(SKM)thathasbeendistributedboth
nationwideandworldwide.
Measuredbytotalasset,productssalesgain,numberofemployees,taxandcustomsand
other contributions, PT Gudang Garam Tbk. has become a national cigarette company
whichgivessignificantcontributionforIndonesia.

Thecompanyhasdirectownershipinsubsidiaries:
PTSuryaPamenang,
PTSuryaMadistrindo,
PTGrahaSuryaMedia,
PTSuryaAir,
PTSuryaIntiTembakau,
PTSuryaAbadiSemesta,
GalaxyPrimeLtd.
TheendofJune30th,2016,theCompanyandsubsidiarieshad36,735employees.
August 2016
Disclaimer:

GGRM GudangGaramTbk.
Industry Sector : Consumer Goods Industry (5) Listed Shares : 1,924,088,000
Industry Sub Sector : Tobacco Manufacturers (52) Market Capitalization : 129,924,042,200,000
8 | 129.9T | 2.31% | 44.58%
12 | 22.1T | 1.60% | 46.25%

Established Date : 26-Jun-1958 1. Suryaduta Investama 1,333,146,800 : 69.29%
Listing Date : 27-Aug-1990 2. Suryamitra Kusuma 120,442,700 : 6.26%
Under Writer IPO : 3. Public (<5%) 470,498,500 : 24.45%
PT Danareksa
PT Multicorp DIVIDEND ANNOUNCEMENT
PT Merincorp Bonus Cash Recording Payment
F/I
PT Surya Securities Year Shares Dividend Cum Date Ex Date Date Date
PT Ficonensia 1991 150.00 12-Jul-91 15-Jul-91 20-Jul-91 09-Aug-91
Securities Administration Bureau : 1992 150.00 22-Jul-93 23-Jul-93 30-Jul-93 23-Aug-93 F
PT Raya Saham Registra 1993 155.00 06-Jul-94 07-Jul-94 14-Jul-94 13-Aug-94 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1995 1:1 25-Apr-96 26-Apr-96 06-May-96 03-Jun-96 B
1997 120.00 03-Jul-98 07-Jul-98 15-Jul-98 13-Aug-98 F
BOARD OF COMMISSIONERS 1998 260.00 05-Jul-99 06-Jul-99 14-Jul-99 11-Aug-99 F
1. Juni Setiawati Wonowidjojo 1999 500.00 06-Jul-00 07-Jul-00 17-Jul-00 31-Jul-00 F
2. Frank Willem Van Gelder *) 2000 500.00 27-Nov-00 28-Nov-00 05-Dec-00 19-Dec-00 I
3. Gotama Hengdratsonata *) 2001 300.00 02-Jul-02 03-Jul-02 08-Jul-02 19-Jul-02 F
4. Lucas Mulia Suhardja 2002 300.00 27-Jun-03 30-Jun-03 02-Jul-03 11-Jul-03 F
*) Independent Commissioners 2003 300.00 16-Jul-04 19-Jul-04 21-Jul-04 04-Aug-04 F
2005 500.00 21-Jul-05 22-Jul-05 26-Jul-05 08-Aug-05 F
1. Susilo Wonowidjojo 2006 250.00 23-Jul-07 24-Jul-07 26-Jul-07 09-Aug-07 F
2. Buana Susilo 2007 250.00 15-Jul-08 16-Jul-08 18-Jul-08 01-Aug-08 F
3. Herry Susianto 2008 350.00 14-Jul-09 15-Jul-09 17-Jul-09 30-Jul-09 F
4. Heru Budiman 2009 650.00 13-Jul-10 14-Jul-10 16-Jul-10 29-Jul-10 F
5. Istata Taswin Sidharta 2010 880.00 25-Jul-11 26-Jul-11 28-Jul-11 08-Aug-11 F
6. Lengga Nurullah 2011 1,000.00 30-Jul-12 31-Jul-12 02-Aug-12 16-Aug-12 F
7. Sony Sasono Rahmadi 2012 800.00 22-Jul-13 23-Jul-13 25-Jul-13 15-Aug-13 F
2013 800.00 06-Aug-14 07-Aug-14 11-Aug-14 25-Aug-14 F
AUDIT COMMITTEE 2014 800.00 03-Jul-15 06-Jul-15 08-Jul-15 30-Jul-15 F
1. Gotama Hengdratsonata 2015 2,600.00 28-Jun-16 29-Jun-16 01-Jul-16 22-Jul-16 F
2. Chetryana Gunardi
3. Tony Gunawan ISSUED HISTORY
Listing Trading
CORPORATE SECRETARY No. Type of Listing Shares Date Date
Heru Budiman 1. First Issue 57,807,800 27-Aug-90 27-Aug-90
2. Partial Listing 38,396,600 27-Aug-90 27-Feb-91
HEAD OFFICE 3. Founders Shares 375,197,600 31-May-94 31-May-94
Jakarta: Jln. Jend. A. Yani No. 79, Jakarta - 10510 4. Koperasi 9,620,000 31-May-94 00-Jan-00
Kediri: Jln. Semampir II/1 Kediri 64121 5. Stock Split 481,022,000 03-Jun-96 03-Jun-96
Phone : (021) 420-2460, 421-2018, 815-5154, 421-2018 6. Bonus Shares 962,044,000 04-Jun-96 05-Jun-96
Fax : (021) 424-3136, 421-2024, (0354) 681-555
Homepage : www.gudanggaramtbk.com
Email : corporate_secretary@gudanggaramtbk.com

TRADING ACTIVITIES
Gudang Garam Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
78,000 16.0 Jan-12 63,250 55,400 57,000 17,928 24,428 1,440,624 21
Feb-12 59,850 50,050 56,750 24,119 33,685 1,855,940 21
68,250 14.0 Mar-12 57,300 51,400 55,050 20,086 30,356 1,645,012 21
Apr-12 60,450 55,300 59,200 16,395 25,722 1,498,625 20
May-12 61,050 54,000 54,100 17,382 25,548 1,481,745 21
58,500 12.0
Jun-12 62,800 53,350 61,500 12,187 19,587 1,147,973 21
Jul-12 63,800 55,250 56,350 17,251 33,688 1,958,846 22
48,750 10.0
Aug-12 55,500 48,100 50,100 27,096 41,704 2,143,553 19
Sep-12 50,500 45,900 46,450 18,256 26,130 1,247,867 20
39,000 8.0
Oct-12 53,600 46,250 49,150 18,562 34,242 1,718,568 22
Nov-12 53,000 46,050 52,850 22,959 43,229 2,115,356 20
29,250 6.0 Dec-12 60,450 52,500 56,300 15,404 31,454 1,771,421 18
19,500 4.0 Jan-13 57,000 49,500 51,850 20,401 36,082 1,900,377 21

Feb-13 52,850 48,300 48,300 16,161 39,784 2,000,127 20
9,750 2.0 Mar-13 51,200 45,800 48,950 17,514 32,644 1,590,282 19
Apr-13 54,450 48,600 49,400 28,414 51,702 2,660,507 22
May-13 57,800 49,300 53,500 22,413 41,575 2,221,861 22
Jun-13 54,500 45,300 50,600 22,532 31,333 1,555,537 19
Jul-13 51,600 42,250 42,350 21,809 30,731 1,419,705 23
Aug-13 43,650 32,000 37,950 22,201 29,240 1,128,039 17
Sep-13 43,900 35,000 35,000 23,464 31,451 1,223,270 21
Consumer Goods Industry Index Nov-13 38,350 34,600 37,000 21,934 34,618 1,262,239 20
January 2012 - July 2016 Dec-13 42,000 36,800 42,000 21,396 37,811 1,513,018 19
100%
Jan-14 45,525 39,700 41,900 36,083 31,659 1,343,558 20
80% Feb-14 48,500 40,600 47,700 32,197 27,944 1,265,725 20
76.7%
Mar-14 49,550 43,600 49,400 45,202 30,887 1,455,094 20
60% Apr-14 57,125 48,075 56,500 47,605 34,082 1,778,189 20
May-14 57,925 52,050 52,050 40,365 29,671 1,633,510 18
40% Jun-14 55,000 51,300 53,500 27,283 14,579 775,015 21
33.5% Jul-14 54,475 52,075 54,200 31,574 17,100 913,076 18
Aug-14 55,900 52,925 54,000 28,021 15,965 868,891 20
20%
Sep-14 57,050 53,750 56,675 31,266 18,150 1,012,034 22
6.9% Oct-14 61,500 55,500 57,750 32,263 20,315 1,171,073 23
-
Nov-14 64,250 57,550 61,175 29,427 17,355 1,057,785 20
Dec-14 61,525 57,100 60,700 24,515 12,653 757,153 20
-20%
Jan-15 64,000 51,900 57,800 51,790 31,660 1,822,015 21

-40% Feb-15 58,500 53,400 53,425 34,568 20,001 1,112,549 19
Mar-15 55,325 47,525 51,000 46,689 28,926 1,510,900 22
-60% Apr-15 54,650 49,025 50,000 49,629 33,822 1,754,518 21
Jun-15 47,500 42,000 45,100 37,643 15,845 710,356 21
Jul-15 54,150 44,775 49,500 37,887 20,455 1,000,185 19
Days 246 244 242 244 140 Dec-15 55,000 48,275 55,000 42,043 26,125 1,352,426 19
Price (Rupiah) Jan-16 59,000 52,550 58,350 48,532 30,319 1,683,368 20

High 63,800 57,800 64,250 64,000 77,950 Feb-16 67,225 56,300 63,700 51,055 36,430 2,260,534 20
Low 45,900 32,000 39,700 39,500 52,550 Mar-16 67,375 58,750 65,300 70,197 39,728 2,495,093 21
Close 56,300 42,000 60,700 55,000 67,525 Apr-16 72,300 64,200 69,250 57,516 30,735 2,066,825 21
Close* 56,300 42,000 60,700 55,000 67,525 May-16 74,400 67,300 69,200 49,033 24,657 1,738,467 20
Jun-16 70,600 62,150 69,000 72,203 46,355 3,057,574 22
PER (X) 26.62 18.67 21.67 16.44 22.06 Jul-16 77,950 67,525 67,525 84,491 40,981 2,936,952 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 4.07 2.75 3.66 2.78 3.53

Receivables 1,382,539 2,196,086 1,532,275 1,568,098 2,483,036

26,649,777 30,241,368 34,739,327 37,255,928 37,778,813 60,000
Inventories
Current Assets 29,954,021 34,604,461 38,532,600 42,568,431 42,447,116
45,000
Fixed Assets 10,389,326 14,788,915 18,973,272 20,106,488 20,417,737
Other Assets 1,122,077 1,318,730 604,404 639,170 471,575
30,000
Total Assets 41,509,325 50,770,251 58,220,600 63,505,413 63,529,940
Growth (%) 22.31% 14.67% 9.08% 0.04% 15,000

Growth (%) 43.28% 17.04% 2.02% 8.53%
962,044 962,044 962,044 962,044 962,044 35,859
Paid up Capital 38,008
33,229
Par Value 500 500 500 500 500
30,254
26,606

22,501
Total Equity 26,605,713 29,416,271 33,228,720 38,007,909 35,858,545

Growth (%) 10.56% 12.96% 14.38% -5.66% 14,747
Total Revenues 49,028,696 55,436,954 65,185,850 70,365,573 36,962,772

Growth (%) 13.07% 17.59% 7.95%
-760
2012 2013 2014 2015 Jun-16
Cost of Revenues 39,843,974 44,563,096 51,806,284 54,879,962 28,923,971

Gross Profit 9,184,722 10,873,858 13,379,566 15,485,611 8,038,801
Expenses (Income) 3,159,041 418,214 4,801,910 5,420,744 3,589,517
65,186
Growth (%) 11.05% 28.18% 17.34%
70,366
55,437
56,011
49,029
Other Income (Expenses) -495,035 -755,518 -1,371,811 -1,429,592 -631,742
Income before Tax 5,530,646 5,936,204 7,205,845 8,635,275 3,817,542 41,656 36,963
Tax 1,461,935 1,552,272 1,810,552 2,182,441 945,534

Growth (%) 7.75% 23.07% 19.60%

12,947
Current Ratio (%) 217.02 172.21 162.02 177.04 162.47
6,453
Dividend (Rp) 800.00 800.00 800.00 2,600.00 - 6,453
2,086.06 2,249.76 2,790.19 3,344.78 1,491.21 5,395

EPS (Rp)
BV (Rp) 13,827.70 15,288.42 17,269.85 19,753.73 18,636.64 5,136
4,384
4,069
DAR (X) 0.36 0.42 0.43 0.40 0.44
0.56 0.73 0.75 0.67 0.77
3,820
DER(X) 2,872
ROA (%) 9.80 8.63 9.27 10.16 4.52 2,504
ROE (%) 15.29 14.90 16.24 16.98 8.01

GPM (%) 18.73 19.61 20.53 22.01 21.75 1,187
OPM (%) 12.29 12.07 13.16 14.30 12.04

NPM (%) 8.30 7.91 8.28 9.17 7.77
-129
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 38.35 35.56 28.67 77.73 -
Yield (%) 1.42 1.90 1.32 4.73 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
HMSP
HANJAYA MANDALA SAMPOERNA TBK.
Company Profile
PTHanjayaMandalaSampoernaTbk.wasestablishedonOctober19th,1963.

ThescopeofactivitiesoftheCompanycomprisesmanufacturingandtradingofcigarettes
andinvestinginothercompanies.TheCompanystarteditscommercialoperationsin1913
inSurabaya,asahomeindustry.In1930,thishomeindustrywasofficiallyorganisedunder
thenameofNVBMHandelMaatschapijSampoerna.

The Company is domiciled in Surabaya and its plants are located in Surabaya, Pasuruan,
Malang,Karawang,andProbolinggo.TheCompanyalsohasacorporateofficeinJakarta.

AsatJune30TH,2016,TheCompanyandsubsidiarieshad29,520permanentemployees.

TheCompanyisoneoftheleadingtobaccocompaniesinIndonesia.Itisthemakerofsome
of the most wellknown kretek (clove) cigarette brands such as Sampoerna Hijau,
SampoernaAMild,andthelegendaryKingofKretekDjiSamSoe.Infact,onMay18th,
2005, when the company was acquired by Philip Morris International, it became part of
one of the worlds largest tobacco companies. Today the Company distributes Marlboro,
theworldsbestsellingcigarettebrand,inIndonesia.

TheCompanyhasdirectandindirectownershipinanumberofsubsidiariesamongothers,
PTPerusahaanDagangdanIndustriPanamas,PTSampoernaPrintpack,PTHandalLogistik
Nusantara,PTSampoernaIndonesiaSembilan,PTUnionSampoernaDinamika,PTTaman
Dayu,PTGolfTamanDayu,PTWahanaSampoerna,SampoernaInternationalPte.Ltd.,PT
HarapanMajuSentosa,andPTPersadaMakmurIndonesia.

August 2016
Disclaimer:

HMSP HMSampoernaTbk.
Industry Sub Sector : Tobacco Manufacturers (52) Market Capitalization : 422,234,619,147,000
T | 7.52% | 15.12%
6 | 43.6T | 3.15% | 32.46%

Established Date : 27-Mar-1905 1. PT Philip Morris Indonesia 107,594,221,125 : 92.00%
Listing Date : 15-Aug-1990 2. Public (<5%) 8,723,855,775 : 8.00%
Under Writer IPO :
PT Inter- Pacific DIVIDEND ANNOUNCEMENT
PT Multicorp Bonus Cash Recording Payment
F/I
PT Jardine Fleming Nusantara Finance Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1990 50.00 01-Aug-91 02-Aug-91 09-Aug-91 09-Sep-91 F
PT Sirca Datapro Perdana 1991 70.00 30-Jul-92 31-Jul-92 08-Aug-92 08-Sep-92 F
Jln. Johar No. 18 1992 100.00 25-May-93 26-May-93 03-Jun-93 28-Jun-93 I
Menteng, Jakarta 10340 1993 400.00 From 24-Dec-93 Until 18-Aug-94 F
Phone : (021) 314-0032, 390-5920, 390-0645 1993 2:3 01-Sep-94 02-Sep-94 09-Sep-94 27-Oct-94 B
Fax : (021) 314-0185, 390-0652, 390-0671 1994 200.00 01-Aug-95 02-Aug-95 11-Aug-95 09-Sep-95 F
1995 275.00 26-Jul-96 29-Jul-96 06-Aug-96 27-Aug-96 F
1. John Gledhill 1999 500.00 From 16-May-00 Until 25-Aug-00 F
2. Goh Kok Ho *) 2000 350.00 26-Jul-01 27-Jul-01 03-Aug-01 22-Aug-01 F
3. Niken Kristiawan Rachmad 2001 25.00 08-Aug-02 09-Aug-02 14-Aug-02 27-Aug-02 F
4. RB. Permana Agung Dradjattun *) 2002 190.00 From 08-Apr-03 Until 07-Aug-03 F
5. Wayan Mertanasa Tantra 2003 495.00 From 19-May-04 Until 09-Dec-04 F
*) Independent Commissioners 2004 175.00 23-Nov-04 24-Nov-04 26-Nov-04 09-Dec-04 F
2005 1,065.00 From 22-Jul-05 Until 04-Oct-06 F
BOARD OF DIRECTORS 2006 755.00 From 24-Nov-06 Until 17-Mar-08 F
1. Paul Norman Janelle 2007 540.00 From 03-Sep-07 Until 25-Mar-09 F
2. Andre Dahan 2008 110.00 02-Dec-09 03-Dec-09 07-Dec-09 22-Dec-09 F
3. Ivan Cahyadi 2009 765.00 From 09-Feb-10 Until 29-Sep-10 F
4. Michael Sandritter 2010 1,640.00 From 13-Jun-11 Until 23-Dec-11 F
5. Mimi Kurniawan 2011 1,750.00 From 07-Dec-11 Until 27-Dec-12 F
6. Peter Alfred Kurt Haase 2012 1,300.00 10-Jun-13 11-Jun-13 13-Jun-13 27-Jun-13 F
7. Troy J. Modlin 2013 3,399.00 From 03-Dec-13 Until 23-Dec-14 F
8. Yos Adiguna Ginting 2014 2,008.00 From 06-May-15 Until 09-Sep-15 F
2015 2,225.00 04-May-16 09-May-16 11-May-16 27-May-16 F
AUDIT COMMITTEE
1. Goh Kok Ho ISSUED HISTORY
2. Hanafi Usman Listing Trading
3. RB. Permana Agung Dradjattun No. Type of Listing Shares Date Date
1. First Issue 27,000,000 15-Aug-90 15-Aug-90
CORPORATE SECRETARY 2. Partial Listing 18,000,000 T: 15-Aug-90 : 15-Feb-91
Ike Andriani 3. Company Listing 135,000,000 15-Jun-92 15-Jun-92
4. Bonus Shares 270,000,000 28-Sep-94 28-Sep-94
HEAD OFFICE 5. Stock Split 4,162,000,000 T: 18-Nov-96 : 24-Sep-01
One Pacific Place 18th Fl., SCBD 6. Additional Listing 28,000,000 18-Jun-99 18-Jun-99
Jln. Jend. Sudirman Kav. 52-53 7. Buy Back -257,000,000 T: 17-Oct-01 : 27-Sep-04
Jakarta 12190 8. Right Issue 269,340,247 T: 27-Oct-15 : 03-Nov-15
Phone : (021) 515-1234
Fax : (021) 515-2234
Homepage : www.sampoerna.co.id
Email : Ike.Andriani@sampoerna.com

TRADING ACTIVITIES
HM Sampoerna Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
4,600 320 Jan-12 44,000 38,600 42,500 320 314 13,006 21
Feb-12 54,200 42,600 53,000 418 613 30,649 21
4,025 280 Mar-12 54,000 52,000 53,200 199 343 18,136 20
Apr-12 54,700 53,000 54,200 206 181 9,743 20
May-12 55,900 52,500 52,800 432 624 33,607 21
3,450 240
Jun-12 52,750 46,950 51,700 610 905 44,705 19
Jul-12 52,100 49,050 52,000 269 274 13,729 22
2,875 200
Aug-12 53,250 50,500 52,000 173 662 34,378 19
Sep-12 52,950 51,750 52,600 130 114 5,966 19
2,300 160
Oct-12 54,200 51,900 54,000 194 294 15,600 21
Nov-12 57,800 54,000 57,800 123 392 21,761 19
1,725 120 Dec-12 60,000 56,700 59,900 190 191 11,053 17
1,150 80 Jan-13 63,500 59,100 63,300 96 186 11,678 18

Feb-13 74,900 63,250 74,900 178 486 33,411 20
575 40 Mar-13 84,500 74,900 84,500 232 236 18,861 19
Apr-13 85,100 82,350 84,300 145 636 51,331 21
May-13 88,000 84,500 87,500 132 209 17,941 19
Jun-13 87,500 79,500 85,000 156 116 9,564 16
Jul-13 85,000 80,000 82,000 53 42 3,458 12
Aug-13 81,000 59,500 65,500 551 558 40,238 17
Sep-13 70,000 64,000 65,400 165 115 7,657 19
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 68,400 64,000 66,900 142 126 8,216 21
Consumer Goods Industry Index Nov-13 68,100 64,000 65,000 123 134 8,761 18
January 2012 - July 2016 Dec-13 66,000 59,750 62,400 285 249 15,132 19
210%
Jan-14 68,000 60,000 67,050 484 327 20,297 20
180% Feb-14 71,500 66,500 68,500 412 138 9,572 20
Mar-14 69,900 68,025 69,000 227 80 5,590 20
150% Apr-14 70,300 68,000 69,900 254 176 12,199 18
May-14 74,000 68,000 68,900 238 63 4,317 18
129.7%
120% Jun-14 69,000 66,000 67,300 343 276 18,618 21
Jul-14 71,600 67,100 69,700 254 188 13,058 17
Aug-14 70,650 67,000 70,650 210 173 12,026 18
90%
Sep-14 72,500 70,000 72,000 116 74 5,352 21
76.7%
Oct-14 72,100 70,000 71,100 146 85 6,047 21
60%
Nov-14 71,500 69,250 69,850 253 246 17,359 20
Dec-14 70,000 67,375 68,650 418 272 19,365 19
30% 33.5%
Jan-15 68,650 66,250 67,200 294 99 6,683 21

- Feb-15 66,900 64,900 65,200 269 1,889 121,465 19
Mar-15 73,850 64,900 73,475 562 440 29,284 21
-30% Apr-15 75,375 71,750 73,500 273 99 7,369 19
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 73,750 71,000 72,500 156 203 7,970 17
Jun-15 72,500 70,500 72,000 149 64 4,562 16
Jul-15 90,050 70,500 83,450 1,318 584 47,679 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 84,850 71,000 76,000 633 291 22,329 20
Volume (Million Sh.) 5 3 2 357 951 Sep-15 77,250 74,250 75,975 588 288 21,750 21
Value (Billion Rp) 252 226 144 29,089 14,720 Oct-15 99,000 76,000 91,975 37,998 287,642 22,430,794 21
Days 239 219 233 234 140 Dec-15 102,000 91,025 94,000 21,935 11,202 1,078,449 19
Price (Rupiah) Jan-16 109,800 89,000 103,500 36,158 24,636 2,430,871 20

High 60,000 88,000 74,000 102,000 112,125 Feb-16 112,125 99,400 109,950 36,736 17,453 1,853,483 20
Low 38,600 59,100 60,000 64,900 3,560 Mar-16 111,875 95,050 98,400 54,403 26,004 2,648,824 21
Close 59,900 62,400 68,650 94,000 3,630 Apr-16 102,850 92,500 99,875 50,409 24,529 2,391,750 21
Close* 2,379 2,478 2,726 3,760 3,630 May-16 99,975 95,000 95,000 35,839 14,736 1,429,239 20
Jun-16 100,100 3,560 3,800 68,602 344,650 2,049,175 22
PER (X) 26.78 25.28 29.48 42.20 38.41 Jul-16 4,070 3,630 3,630 65,162 498,828 1,917,070 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 19.73 19.32 27.35 13.66 17.01

Cash & Cash Equivalents 783,505 657,276 65,086 1,718,738 5,819,172 40,000
Receivables 1,372,754 1,449,427 1,097,937 4,726,827 17,251,043

15,669,906 17,332,558 17,431,586 19,071,523 16,085,718 32,000
Inventories
Current Assets 21,128,313 21,247,830 20,777,514 29,807,330 30,912,882
24,000
Fixed Assets 4,115,078 4,708,669 5,919,600 6,281,176 6,496,222
Other Assets 468,924 574,203 804,448 844,896 958,190
16,000
Total Assets 26,247,527 27,404,594 28,380,630 38,010,724 39,325,000
Growth (%) 4.41% 3.56% 33.93% 3.46% 8,000

Growth (%) 2.40% 12.32% -59.72% 92.91%
Authorized Capital 630,000 630,000 630,000 630,000 15,750,000 32,016
Paid up Capital 438,300 438,300 438,300 465,272 116,318 32,016
27,761
Par Value 100 100 100 100 100
25,485

18,954
Total Equity 13,308,420 14,155,035 13,498,114 32,016,060 27,760,844 13,308 14,155 13,498
Growth (%) 6.36% -4.64% 137.19% -13.29% 12,422
Total Revenues 66,626,123 75,025,207 80,690,139 89,069,306 47,336,153

Growth (%) 12.61% 7.55% 10.38%
-640
2012 2013 2014 2015 Jun-16
Cost of Revenues 48,118,835 54,953,870 60,190,077 67,304,917 35,774,687

Gross Profit 18,507,288 20,071,337 20,500,062 21,764,389 11,561,466
Expenses (Income) 5,124,031 5,561,627 6,781,763 7,831,745 3,386,555
80,690
Growth (%)
89,069
75,025
70,899
66,626
47,336
Tax 3,437,961 3,691,224 3,537,216 3,569,336 2,026,876

Profit for the period 9,945,296 10,818,486 10,181,083 10,363,308 6,148,035
34,559
Growth (%) 8.78% -5.89% 1.79%

16,389
Comprehensive Attributable - 10,807,957 10,014,995 10,355,007 6,148,030
Current Ratio (%) 177.58 175.26 152.77 656.74 307.12
10,818
10,181 10,363
Dividend (Rp) 1,300.00 3,399.00 2,008.00 2,225.00 - 10,818
9,945
EPS (Rp) 2,269.06 2,468.28 2,322.86 2,227.36 5,285.54
BV (Rp) 3,036.37 3,229.53 3,079.65 6,881.14 23,866.32 8,612
DAR (X) 0.49 0.48 0.52 0.16 0.29 6,148

0.97 0.94 1.10 0.19 0.42
6,405
DER(X)
ROA (%) 37.89 39.48 35.87 27.26 15.63 4,198
ROE (%) 74.73 76.43 75.43 32.37 22.15

GPM (%) 27.78 26.75 25.41 24.44 24.42 1,991
OPM (%) - - - - -
NPM (%) 14.93 14.42 12.62 11.64 12.99
-216
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 57.29 137.71 86.45 99.89 -
Yield (%) 2.17 5.45 2.92 2.37 -

COMPANY REPORT
ICBP
INDOFOOD CBP SUKSES MAKMUR TBK.
Company Profile
PTIndofoodCBPSuksesMakmurTbk.wasestablishedonSeptember2nd,2009.

The Company was the result of the spinoff of the Noodle Division and Food Ingredients
DivisionofPTIndofoodSuksesMakmurTbk.,thecontrollingshareholderoftheCompany,
andstartedtocarryouttherelatedbusinessoperationsonOctober1st,2009.

Thescopeofitsactivitiescomprises,amongothers,themanufactureofnoodlesandfood
ingredients,culinaryfoodproducts,biscuits,snacks,nutritionandspecialfoods,packaging,
trading,transportation,warehousingandcoldstorage,managementservices,andresearch
anddevelopment.

The Companys head office is located in Jakarta, while the Company and its Subsidiaries
factoriesarelocatedinvariouslocationsinJava,Sicumatera,Kalimantan,SulawesiIslands
andMalaysia.

PTIndofoodSuksesMakmur,Indonesia,andFirstPacificCompanyLimited,HongKong,are
theparententityandtheultimateparententity,respectively,oftheCompany.

TheCompanyisanestablishedmarketleadingproducerofpackagedfoodproductswitha
diverse range of products providing everyday food solutions for consumers of all ages.
ManyofitsproductsbrandsareamongthestrongestbrandswithsignificantTopofMind
status in Indonesia and have gained the trust and loyalty of millions of consumers in
Indonesiafordecades.

The Company has direct share ownerships in Drayton Pte. Ltd., Indofood (M) Food
Industries Sdn. Bhd., PT Surya Rengo Containers, PT Indofood Fritolay Makmur, PT
Indofood Asahi Sukses Beverage, PT Indofood Tsukishima Sukses Makmur, PT Indofood
MitraBahariMakmur,PTIndofoodComsaSuksesMakmur,PTIndoOjiSuksesPratama.

The longterm investment in the associated entity are PT Nestle Indofood Citarasa
Indonesia,PTAsahiIndofoodBeverageMakmurandPTPrimaCahayaIndobeverages.As
ofJune30th,2016,theGrouphad28,687employees.
August 2016
Disclaimer:

ICBP Indofood CBP Sukses Makmur Tbk. [S]
Industry Sub Sector : Food And Beverages (51) Market Capitalization : 100,292,408,800,000
9 | 100.3T | 1.79% | 46.37%
33 | 10.2T | 0.74% | 69.44%

Established Date : 02-Sep-2009 1. PT Indofood Sukses Makmur 9,329,526,000 : 80.00%
Under Writer IPO :
PT Kim Eng Securities DIVIDEND ANNOUNCEMENT
PT Credit Suisse Securities Indonesia Bonus Cash Recording Payment
F/I
PT Deutsche Securities Indonesia Year Shares Dividend Cum Date Ex Date Date Date
PT Mandiri Sekuritas 2010 116.00 21-Jun-11 22-Jun-11 24-Jun-11 07-Jul-11 F
Securities Administration Bureau : 2011 169.00 13-Jul-12 16-Jul-12 18-Jul-12 31-Jul-12 F
PT Raya Saham Registra 2013 190.00 10-Jul-14 11-Jul-14 15-Jul-14 05-Aug-14 F
Plaza Central Building 2nd Fl. 2014 222.00 18-May-15 19-May-15 21-May-15 09-Jun-15 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2015 256.00 10-Jun-16 13-Jun-16 15-Jun-16 24-Jun-16 F
Phone : (021) 252-5666
Fax : (021) 252-5028 ISSUED HISTORY
Listing Trading
BOARD OF COMMISSIONERS No. Type of Listing Shares Date Date
1. Franciscus Welirang 1. First Issue 1,166,191,000 07-Oct-10 07-Oct-10
2. A. Prijohandojo Kristanto *) 2. Company Listing 4,664,763,000 07-Oct-10 07-Apr-11
3. Alamsyah 3. Stock Split 5,830,954,000 27-Jul-16 27-Jul-16
4. Florentinus Gregorius Winarno *)
5. Hans Kartikahadi *)
6. Moleonoto (Paulus Moleonoto)
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Hendra Widjaja
5. Suaimi Suriady
6. Sulianto Pratama
7. Taufik Wiraatmadja
8. Tjhie Tje Fie (Thomas Tjhie)
9. Werianty Setiawan
AUDIT COMMITTEE
1. Hans Kartikahadi
2. A. Prijohandojo Kristanto
3. Hendra Susanto
CORPORATE SECRETARY
Gideon Ariprastomo Putro
HEAD OFFICE
Sudirman Plaza, Indofood Tower 25th Fl.
Jln. Jend. Sudirman Kav. 76 - 78
Jakarta 12910
Phone : (021) 5795-8822
Fax : (021) 5793-7373
Homepage : www.indofoodcbp.com
Email : gideon.putro@icbp.indofood.co.id

TRADING ACTIVITIES
Indofood CBP Sukses Makmur Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 64.0 Jan-12 5,350 4,975 5,100 4,570 86,150 439,212 21
Feb-12 5,650 5,050 5,650 5,499 86,833 470,009 21
8,750 56.0 Mar-12 5,700 5,150 5,450 6,691 70,684 380,098 21
Apr-12 5,650 5,000 5,650 5,021 89,511 468,937 20
May-12 5,900 5,400 5,650 4,606 82,359 472,137 21
7,500 48.0
Jun-12 5,850 5,400 5,750 3,477 49,711 282,356 21
Jul-12 6,850 5,700 6,600 8,760 144,591 897,445 22
6,250 40.0
Aug-12 6,850 6,400 6,550 5,188 58,263 385,634 19
Sep-12 6,650 6,150 6,350 7,021 67,678 431,645 20
5,000 32.0
Oct-12 7,750 6,300 7,150 9,940 111,373 787,349 22
Nov-12 7,550 6,900 7,400 5,982 74,371 536,371 20
3,750 24.0 Dec-12 8,300 7,300 7,800 6,712 68,335 532,860 18
2,500 16.0 Jan-13 8,700 7,600 8,000 8,421 69,143 552,825 21

Feb-13 8,650 7,900 8,500 7,470 78,410 638,909 20
1,250 8.0 Mar-13 9,900 8,200 9,600 13,589 108,935 974,749 19
Apr-13 11,700 9,500 11,450 23,016 106,833 1,118,431 22
May-13 13,400 11,500 13,100 35,135 183,672 2,300,353 22
Jun-13 13,000 9,850 12,200 26,910 111,166 1,270,060 19
Jul-13 12,500 10,350 11,200 20,502 81,983 913,934 23
Aug-13 11,650 8,700 10,000 15,325 68,204 680,778 17
Sep-13 12,200 8,900 10,250 19,020 91,623 932,990 21
Consumer Goods Industry Index Nov-13 11,300 9,750 10,000 19,144 71,526 740,344 20
January 2012 - July 2016 Dec-13 10,300 9,550 10,200 12,888 36,835 368,146 19
245%
224.5% Jan-14 11,700 9,900 11,000 31,608 68,488 734,990 20

210% Feb-14 11,350 10,450 11,175 33,839 78,008 852,458 20
Mar-14 11,300 9,950 10,100 40,130 124,778 1,318,297 20
175% Apr-14 10,275 9,800 10,000 31,126 113,027 1,131,541 20
May-14 10,400 9,925 10,200 22,065 55,236 557,582 18
140% Jun-14 10,275 9,875 10,000 21,362 46,268 465,777 21
Jul-14 10,575 9,950 10,450 21,883 78,643 812,824 18
Aug-14 10,650 10,100 10,500 27,066 74,737 781,831 20
105%
Sep-14 11,400 10,500 11,350 25,934 57,043 629,638 22
76.7% Oct-14 11,575 10,500 11,050 33,698 77,025 858,355 23
70%
Nov-14 11,450 10,800 11,250 18,187 56,536 624,570 20
Dec-14 13,400 11,150 13,100 24,568 69,230 825,565 20
35% 33.5%
Jan-15 16,050 12,450 14,500 33,591 90,954 1,243,010 21
- Feb-15 14,650 13,900 14,300 28,064 53,007 751,753 19
Mar-15 15,500 14,025 14,675 38,018 88,680 1,289,971 22
-35% Apr-15 14,700 12,300 13,200 31,277 95,059 1,306,487 21
Jun-15 14,200 12,050 12,475 31,709 37,052 483,342 21
Jul-15 13,050 11,800 12,300 33,854 44,360 545,752 19
Volume (Million Sh.) 990 1,082 899 735 450 Sep-15 13,175 10,900 12,400 28,987 42,367 523,143 21
Days 246 244 242 244 140 Dec-15 13,600 11,325 13,475 26,651 37,590 470,086 19
Price (Rupiah) Jan-16 14,900 12,850 14,450 37,740 60,286 851,215 20

High 8,300 13,400 13,400 16,050 18,025 Feb-16 16,600 14,200 15,750 50,673 94,923 1,447,933 20
Low 4,975 7,600 9,800 10,900 8,600 Mar-16 16,150 14,975 15,200 42,757 75,626 1,171,017 21
Close 7,800 10,200 13,100 13,475 8,600 Apr-16 15,600 14,125 15,275 37,415 56,794 850,608 21
Close* 3,900 5,100 6,550 6,738 8,600 May-16 16,500 15,125 16,200 33,163 55,538 873,493 20
Jun-16 17,700 15,800 17,225 33,168 50,653 849,521 22
PER (X) 19.88 26.73 27.67 26.18 30.16 Jul-16 18,025 8,600 8,600 40,394 56,169 841,159 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 3.79 4.48 5.26 4.79 6.56

Receivables 2,328,181 2,549,415 2,902,202 3,363,697 5,002,247

1,812,887 2,868,722 2,821,618 2,546,835 2,667,168 23,000
Inventories
Current Assets 9,888,440 11,321,715 13,603,527 13,961,500 15,076,840
17,250
Fixed Assets 3,839,756 4,844,407 5,838,843 6,555,660 6,838,689
Other Assets - 888,529 213,907 222,280 167,789
11,500
Total Assets 17,753,480 21,267,470 24,910,211 26,560,624 27,903,491
Growth (%) 19.79% 17.13% 6.63% 5.06% 5,750

Growth (%) 38.76% 23.35% 3.07% 8.20%
16,387
Paid up Capital 583,095 583,095 583,095 583,095 583,095 16,895
15,040
Par Value 100 100 100 100 100
13,449
11,987

10,002
Total Equity 11,986,798 13,265,731 15,039,947 16,386,911 16,895,485

Growth (%) 10.67% 13.37% 8.96% 3.10% 6,555
Total Revenues 21,574,792 25,094,681 30,022,463 31,741,094 18,175,105

Growth (%) 16.31% 19.64% 5.72%
-338
2012 2013 2014 2015 Jun-16
Cost of Revenues 15,796,183 18,668,990 21,962,609 22,121,957 12,415,221

Gross Profit 5,778,609 6,425,691 8,059,854 9,619,137 5,759,884
Expenses (Income) 2,936,549 3,653,767 4,931,161 5,627,005 3,022,600
30,022
-2.47% 12.87% 27.60%
31,741
Growth (%)
25,095
21,575
25,266
Other Income (Expenses) 185,130 195,066 260,032 17,502 -13,544

18,175
Tax 744,819 733,699 857,044 1,086,486 675,389

Growth (%) -2.07% 13.27% 15.46%

5,840
Current Ratio (%) 276.25 241.06 218.32 232.60 219.00
2,923
Dividend (Rp) - 190.00 222.00 256.00 - 2,923
2,532
EPS (Rp) 373.80 381.63 446.62 514.62 339.44 2,282 2,235
BV (Rp) 2,055.72 2,275.05 2,579.33 2,810.33 2,897.55 2,327
2,048
DAR (X) 0.32 0.38 0.40 0.38 0.39

0.48 0.60 0.66 0.62 0.65
1,731
DER(X)
ROA (%) 12.86 10.51 10.16 11.01 7.34 1,134
ROE (%) 19.04 16.85 16.83 17.84 12.12

GPM (%) 26.78 25.61 26.85 30.30 31.69 538
OPM (%) 13.17 11.05 10.42 12.58 15.06

NPM (%) 10.58 8.91 8.43 9.21 11.27
-58
2012 2013 2014 2015 Jun-16

Payout Ratio (%) - 49.79 49.71 49.75 -
Yield (%) - 1.86 1.69 1.90 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
INCO
VALE INDONESIA TBK.
Company Profile
PT Vale Indonesia Tbk. (formerly International Nickel Indonesia Tbk.) was established on
July25th,1968.

TheCompanysimmediateparentcompanyisValeCanadaLimitedandeultimateparent
entityisValeS.A.,acompanyestablishedunderthelawsoftheFederalRepublicofBrazil.
The Companys plant is located in Sorowako, South Sulawesi and the registered office is
locatedinJakarta.

The Companys main activities are exploration and mining, processing, storage,
transportation and marketing of nickel and associated mineral products. The Company
starteditscommercialoperationsin1978.

PTValeIndonesiaTbk.isoneoftheworldspremierproducersofnickel.Aversatilemetal,
whichisimportantinimprovinglivingstandardsandfosteringeconomicgrowth.Formore
than three decades, since the signing of its Contract of Work with the Indonesian
Governmentin1968,theCompanyhasprovidedskilledjobs,shownconcernfortheneeds
ofthecommunitiesinwhichitoperates,benefitedshareholdersandcontributedpositively
totheIndonesianeconomy.

ThetotalnumberofemployeesatJune30th,2016was3,032.

August 2016
Disclaimer:

INCO ValeIndonesiaTbk.[S]
Industry Sub Sector : Metal And Mineral Mining (23) Market Capitalization : 25,437,027,123,200
40 | 25.4T | 0.45% | 71.35%
54 | 6.10T | 0.44% | 81.91%

Established Date : 25-Jul-1968 1. Vale Canada Limited 5,835,607,960 : 58.73%
Listing Date : 16-May-1990 2. Sumitomo Metal Mining Co. Ltd. 1,996,281,680 : 20.09%
PT Danareksa Sekuritas
PT Vale Indonesia Tbk. Bonus Cash Recording Payment
F/I
Plaza Bapindo - Citibank Tower 22nd Fl. Year Shares Dividend Cum Date Ex Date Date Date
Jln. Jend. Sudirman Kav. 54 - 55, Jakarta 12190 1990 USD 0.35 17-Sep-90 18-Sep-90 25-Sep-90 25-Oct-90 I
Phone : (021) 524-9000 1991 USD 0.15 20-Mar-91 21-Mar-91 28-Mar-91 30-Apr-91
Fax : (021) 524-9030 1991 USD 0.15 19-Sep-91 20-Sep-91 30-Sep-91 30-Oct-91 I
1991 USD 0.15 19-Mar-92 20-Mar-92 27-Mar-92 30-Apr-92 I
BOARD OF COMMISSIONERS 1992 USD 0.05 15-Apr-93 16-Apr-93 23-Apr-93 21-May-93 F
1. Jennifer Anne Maki 1993 USD 0,05 25-Apr-94 26-Apr-94 03-May-94 01-Jun-94 F
2. Akira Nozaki 1994 USD 0,05 28-Oct-94 31-Oct-94 07-Nov-94 07-Dec-94 I
3. Andrea Marques De Almeida 1994 USD 0,05 24-Apr-95 25-Apr-95 02-May-95 02-Jun-95 F
4. Idrus Paturusi *) 1995 USD 0,05 03-Nov-95 04-Nov-95 14-Nov-95 13-Dec-95 I
5. Irwandy Arif *) 1995 USD 0,05 26-Apr-96 29-Apr-96 07-May-96 05-Jun-96 F
6. Mark James Travers 1996 USD 0.05 04-Nov-96 05-Nov-96 13-Nov-96 12-Dec-96 I
7. Nobuhiro Matsumoto 1996 121.60 25-Apr-97 28-Apr-97 06-May-97 04-Jun-97 F
8. Robert Morris 1997 174.15 10-Nov-97 11-Nov-97 19-Nov-97 18-Dec-97 I
9. Stuart Alan Harshaw 2002 84.65 29-Apr-03 30-Apr-03 02-May-03 19-May-03 F
2003 USD 0,15 23-Apr-04 26-Apr-04 28-Apr-04 13-May-04 F
BOARD OF DIRECTORS 2004 USD 0.0125 04-Nov-04 05-Nov-04 09-Nov-04 25-Nov-04 F
1. Nicolaas D. Kanter 2004 USD 0.0975 19-Apr-05 20-Apr-05 25-Apr-05 10-May-05 F
2. Bernardus Irmanto 2005 USD 0.025 22-Nov-05 23-Nov-05 25-Nov-05 08-Dec-05 F
3. Febriany Eddy 2005 745.88 25-Apr-06 26-Apr-06 28-Apr-06 12-May-06 F
4. Lovro Paulic 2006 USD 0.025 17-Nov-06 20-Nov-06 22-Nov-06 05-Dec-06 F
2006 454.50 24-Apr-07 27-Apr-07 27-Apr-07 11-May-07 F
AUDIT COMMITTEE 2007 USD 0,9787 20-Nov-07 21-Nov-07 23-Nov-07 07-Dec-07 I
1. Irwandy Arif 2007 USD 0.02264 16-Apr-08 17-Apr-08 21-Apr-08 06-May-08 F
2. Dedi Rudaedi 2009 USD 0,01107 09-Dec-09 10-Dec-09 14-Dec-09 29-Dec-09 I
3. Sidharta Utama 2010 178.44 05-Oct-10 06-Oct-10 08-Oct-10 22-Oct-10 I
2010 125.06 02-May-11 03-May-11 05-May-11 20-May-11 F
CORPORATE SECRETARY 2011 89.68 02-Nov-11 03-Nov-11 07-Nov-11 21-Nov-11 I
Ratih Amri 2011 79.70 14-May-12 15-May-12 21-May-12 01-Jun-12 F
2012 24.31 06-Dec-12 07-Dec-12 11-Dec-12 27-Dec-12 I
HEAD OFFICE 2012 24.70 14-May-13 15-May-13 17-May-13 31-May-13 F
The Energy Building 31st Floor 2013 30.14 29-Nov-13 02-Dec-13 04-Dec-13 18-Dec-13 I
SCBD Lot 11 A, Jl. Jend. Sudirman 2014 123.81 28-Nov-14 01-Dec-14 03-Dec-14 17-Dec-14 I
Kav. 52-53, Jakarta 12190
Phone : (021) 524-9000, 524-9002 ISSUED HISTORY
Fax : (021) 524-9020 Listing Trading
Homepage : www.vale.com/indonesia 1. First Issue 49,681,694 16-May-90 16-May-90
Email : ratih.amri@valeinco.com 2. Company Listing 198,726,774 31-Jan-01 31-Jan-01
pti_corsec@valeinco.com 3. Stock Split 745,225,404 03-Aug-04 03-Aug-04
4. Stock Split 8,942,704,848 15-Jan-08 15-Jan-08

TRADING ACTIVITIES
Vale Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,600 160 Jan-12 4,050 3,150 4,000 16,222 136,649 488,753 21
Feb-12 4,050 3,425 3,625 21,630 244,576 896,760 21
4,025 140 Mar-12 3,625 3,300 3,375 16,820 176,733 606,434 21
Apr-12 3,375 3,025 3,100 17,770 235,208 752,854 20
May-12 3,125 2,250 2,500 21,967 224,183 596,323 21
3,450 120
Jun-12 2,675 2,200 2,675 21,761 238,700 579,306 21
Jul-12 2,900 2,400 2,425 13,954 127,868 345,078 22
2,875 100
Aug-12 2,475 2,250 2,300 10,714 94,081 223,583 19
Sep-12 3,100 2,250 2,950 18,317 251,490 686,458 20
2,300 80
Oct-12 2,950 2,500 2,700 12,939 134,995 360,581 22
Nov-12 2,750 2,025 2,075 19,826 282,528 645,022 20
1,725 60 Dec-12 2,475 2,100 2,350 14,110 265,884 605,288 18
1,150 40 Jan-13 2,900 2,350 2,750 16,519 264,254 707,204 21

Feb-13 3,075 2,600 2,700 15,878 189,153 535,185 20
575 20 Mar-13 2,850 2,350 2,375 18,082 156,260 416,753 19
Apr-13 2,850 2,375 2,850 11,715 243,235 608,803 22
May-13 2,850 2,450 2,550 9,351 115,097 304,185 22
Jun-13 2,575 1,920 2,025 14,312 129,454 294,878 19
Jul-13 2,175 1,770 1,770 26,994 275,925 550,652 23
Aug-13 2,525 1,770 2,300 22,109 259,951 543,386 17
Sep-13 2,725 2,200 2,250 17,867 239,312 586,568 21
Mining Index Nov-13 2,650 2,300 2,400 9,622 97,518 241,610 20
January 2012 - July 2016 Dec-13 2,800 2,300 2,650 11,825 197,647 515,246 19
45%
Jan-14 2,800 2,115 2,305 28,319 285,267 707,505 20
33.5%
30% Feb-14 2,650 2,230 2,390 26,254 267,495 658,048 20
Mar-14 2,850 2,390 2,820 42,732 554,968 1,485,366 20
15% Apr-14 3,745 2,815 3,550 44,937 476,712 1,599,051 20
May-14 4,240 3,430 3,915 57,730 454,246 1,775,539 18
- Jun-14 3,965 3,525 3,555 27,874 191,590 711,230 21
Jul-14 4,025 3,525 4,025 40,957 310,152 1,162,055 18
Aug-14 4,185 3,785 4,180 51,392 260,878 1,044,808 20
-15%
Sep-14 4,575 3,710 3,750 64,604 295,695 1,224,296 22
-24.7% Oct-14 3,825 3,455 3,790 63,431 220,286 807,541 23
-30%
Nov-14 4,175 3,625 3,985 53,963 201,141 778,894 20
Dec-14 4,145 3,525 3,625 48,022 201,988 828,546 20
-45%
-54.7% Jan-15 3,695 3,285 3,450 49,254 157,356 555,099 21

-60% Feb-15 3,675 3,350 3,525 42,735 153,140 534,741 19
Mar-15 3,565 3,230 3,235 41,098 178,101 602,947 22
-75% Apr-15 3,275 2,605 2,795 35,215 225,188 677,054 21
Jun-15 3,280 2,675 2,710 37,285 208,810 597,379 21
Jul-15 2,745 1,960 1,960 25,380 92,103 224,276 19
Days 246 244 242 244 140 Dec-15 1,695 1,340 1,635 34,124 196,891 319,271 19
Price (Rupiah) Jan-16 1,635 1,370 1,445 25,378 134,782 196,679 20

High 4,050 3,075 4,575 3,695 2,630 Feb-16 1,650 1,375 1,535 32,734 204,914 306,034 20
Low 2,025 1,770 2,115 1,190 1,370 Mar-16 2,045 1,530 1,750 52,471 391,455 736,442 21
Close 2,350 2,650 3,625 1,635 2,560 Apr-16 2,010 1,710 1,860 35,363 286,809 542,339 21
Close* 2,350 2,650 3,625 1,635 2,560 May-16 1,860 1,490 1,655 24,450 148,629 244,992 20
Jun-16 1,870 1,630 1,820 26,831 225,438 398,859 22
PER (X) 38.48 55.52 16.97 23.32 -50.78 Jul-16 2,630 1,800 2,560 40,083 367,864 863,081 16
PER Industry (X) 8.49 20.76 3.23 0.60 1.41
PBV (X) 1.40 1.25 1.60 0.64 1.12

Receivables 2,098,980 808,618 1,152,892 1,146,177 768,473

1,478,050 1,852,721 1,732,173 1,525,295 1,583,920 27,000
Inventories
Current Assets 5,462,486 6,840,464 7,728,153 8,793,628 7,499,446
20,250
Fixed Assets 15,709,602 20,267,120 20,003,592 23,499,597 20,611,583
Other Assets - 164,602 197,135 191,728 159,623
13,500
Total Assets 22,560,884 27,989,330 29,027,987 33,552,233 29,217,424
Growth (%) 24.06% 3.71% 15.59% -12.92% 6,750

Growth (%) 17.59% -1.87% -2.25% -20.41%
Paid up Capital 248,408 248,408 248,408 248,408 248,408 26,880
23,907
21,034
Par Value 25 25 25 25 25
21,397
16,646
15,913
Total Equity 16,646,267 21,034,044 22,202,650 26,880,308 23,907,387

Growth (%) 26.36% 5.56% 21.07% -11.06% 10,430
Total Revenues 9,354,052 11,308,498 12,909,588 11,575,292 3,253,312

Growth (%) 20.89% 14.16% -10.34%
-538
2012 2013 2014 2015 Jun-16
Cost of Revenues 7,742,015 9,591,999 9,095,939 9,840,549 3,428,408

Gross Profit 1,612,037 1,716,499 3,813,649 1,734,744 -175,096
Expenses (Income) 578,237 855,918 711,551 565,833 100,801
Operating Profit 1,033,800 860,581 3,102,098 1,168,910 -275,897 12,910
11,575
Growth (%) -16.76% 260.47% -62.32% 11,308
12,910
10,276 9,354
Income before Tax 884,060 680,482 2,946,474 1,023,469 -337,092 7,642
Tax 231,393 206,222 804,112 283,276 -72,925

Profit for the period 652,667 474,260 2,142,362 740,193 -264,167
5,009
3,253
Growth (%) -27.34% 351.73% -65.45%
2,375
Period Attributable 652,667 474,260 2,142,362 740,193 -264,167 -258
Comprehensive Income 652,667 526,530 2,128,372 712,389 -264,167 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 652,667 526,530 2,128,372 712,389 -264,167
Current Ratio (%) 340.98 330.07 298.21 404.02 484.49
2,142
Dividend (Rp) 49.01 30.14 123.81 - - 2,142
EPS (Rp) 65.68 47.73 215.61 74.49 -26.59

BV (Rp) 1,675.29 2,116.88 2,234.49 2,705.25 2,406.06 1,661
DAR (X) 0.26 0.25 0.24 0.20 0.18

0.36 0.33 0.31 0.25 0.22
1,180
DER(X)
740
2.89 1.69 7.38 2.21 -0.90 653
ROA (%) 698
474
ROE (%) 3.92 2.25 9.65 2.75 -1.10
GPM (%) 17.23 15.18 29.54 14.99 -5.38 217
Jun-16
OPM (%) 11.05 7.61 24.03 10.10 -8.48
6.98 4.19 16.60 6.39 -8.12 2012 2013 2014 2015
NPM (%)
-264
-264
Payout Ratio (%) 74.62 63.15 57.42 - -
Yield (%) 2.09 1.14 3.42 - -

COMPANY REPORT
INDF
INDOFOOD SUKSES MAKMUR TBK.
Company Profile
PT Indofood Sukses Makmur Tbk. is a leading Total Food Solutions Company with
operation spanning from the production of raw materials and their processing, to
consumerproductsinthemarket.Indofoodcapitalizesonitsresilientbusinessmodelwith
five complementary Strategic Business Groups, namely: Consumer Branded Products. Its
business activities are conducted by PT Indofood CBP Sukses Makmur Tbk., which was
listedontheIndonesiaStockExchangefrom7October2010.
ICBPisoneoftheleadingconsumerbrandedproductproducersinIndonesia,withawide
rangeofconsumerproducts.In2013,ICBPstarteditsnonalcoholicbeveragebusiness,and
has current portfolio of readytodrink tea, packaged water, carbonated soft drinks and
fruitjuicedrinks.
Bogasari. The Group is primarily a producer of wheat flour and pasta, with business
operationssupportedbyitsownshippingandpackagingunits.
Agribusiness. The Group is led by Indofood Agri Resources Ltd., listed on the Singapore
StockExchange.BothofIndoAgrissubsidiaries,PTSalimIvomasPratamaTbk.andPTPP
London Sumatra Indonesia Tbk., are listed on the IDX. The Groups principal business
activities range from research and development, seed breeding, oil palm cultivation and
milling to the production and marketing of branded cooking oils, margarine and
shortening. In addition, the Group is also involved in the cultivation and processing of
rubberandsugarcaneaswellasothercrops.In2013,IndoAgriinitiatedexpansionofits
global business through equity investment in the sugar business in Brazil and the
Philippines.
Distribution. With the most extensive distribution network in Indonesia, this Group
distributes the majority of Indofoods and its subsidiaries consumer products as well as
otherthirdpartyproducts.
Cultivation & Processed Vegetables. This Group activities are conducted by China
Minzhong Food Corporation Limited, which is listed on the SGX and is an integrated
vegetableprocessingcompanyinthePeople'sRepublicofChina.
August 2016
Disclaimer:

INDF Indofood Sukses Makmur Tbk. [S]
Industry Sub Sector : Food And Beverages (51) Market Capitalization : 73,097,050,612,500
13 | 73.1T | 1.30% | 52.25%
23 | 15.3T | 1.10% | 60.69%

Established Date : 14-Aug-1990 1. Cab Holdings Limited 4,396,103,450 : 50.07%
Under Writer IPO :
PT Merincorp DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 1994 58.00 21-Jul-95 24-Jul-95 01-Aug-95 31-Aug-95 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1995 80.00 11-Jul-96 12-Jul-96 22-Jul-96 21-Aug-96 F
Fax : (021) 252-5028 2000 18.00 11-Jul-01 12-Jul-01 17-Jul-01 31-Jul-01 F
2001 25.00 09-Jul-02 10-Jul-02 15-Jul-02 29-Jul-02 F
1. Manuel Velez Pangilinan 2003 28.00 15-Jul-04 16-Jul-04 20-Jul-04 02-Aug-04 F
2. Adi Pranoto Leman *) 2005 17.50 26-Aug-05 29-Aug-05 31-Aug-05 15-Sep-05
3. Bambang Subianto *) 2005 5.00 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
4. Benny Setiawan Santoso 2006 31.00 27-Jul-07 30-Jul-07 01-Aug-07 15-Aug-07 F
5. Christoper Huxley Young 2007 43.00 12-Aug-08 13-Aug-08 15-Aug-08 27-Aug-08 F
6. Edward Anthony Tortorici 2008 47.00 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
7. Robert Charles Nicholson 2009 93.00 19-Jul-10 20-Jul-10 22-Jul-10 05-Aug-10 F
8. Utomo Josodirdjo *) 2010 133.00 26-Jul-11 27-Jul-11 29-Jul-11 09-Aug-11 F
*) Independent Commissioners 2011 175.00 17-Jul-12 18-Jul-12 20-Jul-12 03-Aug-12 F
2012 185.00 17-Jul-13 18-Jul-13 22-Jul-13 02-Aug-13 F
1. Anthoni Salim 2014 220.00 18-May-15 19-May-15 21-May-15 11-Jun-15 F
2. Axton Salim 2015 168.00 10-Jun-16 13-Jun-16 15-Jun-16 28-Jun-16 F
3. Darmawan Sarsito (Kevin Sietho)
4. Franciscus Welirang ISSUED HISTORY
5. Joedianto Soejonopoetro Listing Trading
6. Joseph Bataona No. Type of Listing Shares Date Date
7. Moleonoto (Paulus Moleonoto) 1. First Issue 21,000,000 14-Jul-94 14-Jul-94
8. Taufik Wiraatmadja 2. Founders Shares 742,000,000 T: 14-Jul-94 : 08-Feb-95
9. Tjhie Tje Fie (Thomas Tjhie) 3. Stock Split 8,087,800,000 T: 12-Aug-96 : 29-Sep-00
10. Werianty Setiawan 4. Right Issue 305,200,000 24-Apr-97 24-Apr-97
5. Option Conversion 287,269,500 T: 07-May-02 : 12-Jun-03
AUDIT COMMITTEE 6. Option III Conversion 919,500 T: 06-Feb-04 : 24-May-04
1. Utomo Josodirdjo 7. Buy Back -663,762,500 28-Oct-08 28-Oct-08
2. Adi Pranoto Leman
3. Hendra Susanto
CORPORATE SECRETARY
Elly Putranti
HEAD OFFICE
Sudirman Plaza, Indofood Tower 27th Fl.
Jakarta 12190
Phone : (021) 5795-8822
Fax : (021) 5793-7373
Homepage : www.indofood.com
Email : elly.putranti@indofood.co.id

TRADING ACTIVITIES
Indofood Sukses Makmur Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 64.0 Jan-12 4,975 4,600 4,800 25,256 255,981 1,232,987 21
Feb-12 5,150 4,800 5,100 26,576 299,674 1,482,914 21
8,750 56.0 Mar-12 5,200 4,750 4,850 24,300 263,089 1,293,314 21
Apr-12 4,900 4,575 4,850 27,216 372,042 1,763,910 20
May-12 4,900 4,625 4,725 22,748 270,366 1,297,395 21
7,500 48.0
Jun-12 4,875 4,400 4,850 18,225 207,237 984,904 21
Jul-12 5,650 4,825 5,400 31,601 412,934 2,195,788 22
6,250 40.0
Aug-12 5,500 5,100 5,400 18,695 231,332 1,238,115 19
Sep-12 5,650 5,300 5,650 19,243 239,535 1,304,306 20
5,000 32.0
Oct-12 6,200 5,550 5,700 18,532 354,341 2,056,934 22
Nov-12 5,900 5,500 5,850 17,512 227,499 1,300,727 20
3,750 24.0 Dec-12 6,200 5,450 5,850 24,477 236,709 1,375,205 18
2,500 16.0 Jan-13 6,200 5,750 6,050 28,192 381,477 2,293,129 21

Feb-13 7,300 5,950 7,300 28,087 302,233 1,969,793 20
1,250 8.0 Mar-13 8,000 7,100 7,450 30,888 288,028 2,147,746 19
Apr-13 7,600 7,200 7,350 19,978 246,584 1,832,014 22
May-13 7,850 7,000 7,350 31,881 370,021 2,741,321 22
Jun-13 7,450 6,150 7,350 38,863 314,861 2,148,930 19
Jul-13 7,400 6,450 6,500 30,651 217,023 1,503,617 23
Aug-13 7,050 5,350 6,500 28,933 192,419 1,192,526 17
Sep-13 7,200 5,750 7,050 33,670 233,737 1,537,090 21
January 2012 - July 2016 Dec-13 6,850 6,250 6,600 23,609 161,902 1,067,696 19
105%
Jan-14 7,350 6,550 6,975 39,285 194,431 1,339,609 20
90% Feb-14 7,175 6,825 7,175 35,519 171,841 1,205,017 20
Mar-14 7,800 6,900 7,300 44,656 280,916 2,058,174 20
75% 76.7% Apr-14 7,475 6,900 7,050 41,446 221,397 1,587,966 20
72.5%
May-14 7,150 6,700 6,825 41,676 277,765 1,926,273 18
60% Jun-14 6,950 6,700 6,700 41,644 173,202 1,181,682 21
Jul-14 7,150 6,700 7,075 44,580 206,306 1,441,386 18
Aug-14 7,200 6,875 6,875 41,427 169,528 1,191,886 20
45%
Sep-14 7,125 6,825 7,000 41,539 220,047 1,542,026 22
33.5% Oct-14 7,025 6,375 6,825 55,424 188,136 1,271,028 23
30%
Nov-14 6,900 6,400 6,700 48,393 172,125 1,144,873 20
Dec-14 6,775 6,325 6,750 41,362 214,262 1,410,046 20
15%
Jan-15 7,725 6,850 7,550 59,020 454,670 3,360,218 21

- Feb-15 7,675 7,250 7,400 38,795 183,393 1,357,302 19
Mar-15 7,550 7,300 7,450 54,233 329,852 2,445,636 22
-15% Apr-15 7,500 6,475 6,750 41,210 220,479 1,599,979 21
Jun-15 7,250 6,425 6,575 51,699 152,355 1,030,242 21
Jul-15 6,750 5,775 6,100 44,219 169,619 1,074,125 19
Days 246 244 242 244 140 Dec-15 5,300 4,840 5,175 51,839 174,809 889,022 19
Price (Rupiah) Jan-16 6,200 5,175 6,200 54,060 245,954 1,402,717 20

High 6,200 8,000 7,800 7,725 8,725 Feb-16 7,250 6,050 7,050 49,174 194,555 1,287,771 20
Low 4,400 5,350 6,325 4,560 5,175 Mar-16 7,575 6,800 7,225 67,818 292,582 2,112,209 21
Close 5,850 6,600 6,750 5,175 8,325 Apr-16 7,300 6,800 7,125 38,431 173,600 1,240,617 21
Close* 5,850 6,600 6,750 5,175 8,325 May-16 7,225 6,825 6,925 36,271 121,239 850,377 20
Jun-16 7,400 6,875 7,250 51,200 193,240 1,382,192 22
PER (X) 10.54 23.14 14.67 15.31 16.03 Jul-16 8,725 6,975 8,325 46,898 227,720 1,735,739 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 1.50 1.51 1.45 1.05 1.56

Receivables 3,485,461 4,959,416 4,339,670 5,116,610 6,710,482

7,782,594 8,160,539 8,454,845 7,627,360 8,134,552 80,000
Inventories
Current Assets 26,202,972 32,464,497 40,995,736 42,816,745 42,412,080
60,000
Fixed Assets 15,775,741 23,027,913 22,011,488 25,096,342 25,629,185
Other Assets - 2,748,446 1,702,988 1,529,983 1,086,261
40,000
Total Assets 59,324,207 78,092,789 85,938,885 91,831,526 92,941,495
Growth (%) 31.64% 10.05% 6.86% 1.21% 20,000

Growth (%) 57.73% 12.57% 8.95% 1.14%
43,122
878,043 878,043 878,043 878,043 878,043 41,228
38,373
Par Value 100 100 100 100 100
34,767

25,857
Total Equity 34,142,674 38,373,129 41,228,376 43,121,593 43,676,574

Growth (%) 12.39% 7.44% 4.59% 1.29% 16,947
Total Revenues 50,059,427 57,731,998 63,594,452 64,061,947 34,084,083

Growth (%) 15.33% 10.15% 0.74%
-874
2012 2013 2014 2015 Jun-16
Cost of Revenues 36,493,332 43,402,144 46,544,646 46,803,889 24,284,184

Gross Profit 13,566,095 14,329,854 17,049,806 17,258,058 9,799,899
Expenses (Income) 6,695,501 7,611,873 9,841,074 9,895,163 5,785,911
57,732
-2.22% 7.31% 2.14%
64,062
Growth (%)
50,059
50,993
Other Income (Expenses) -560,838 -2,051,023 -979,435 -2,400,811 -424,968

34,084
Tax 1,530,310 1,252,072 1,828,217 1,730,371 1,015,045

Growth (%) -28.51% 50.63% -27.92%

11,787
Current Ratio (%) 200.32 166.73 180.74 170.53 162.04
5,146
Dividend (Rp) 185.00 142.00 220.00 168.00 - 5,146 4,779
EPS (Rp) 371.41 285.16 442.50 338.02 254.09
3,888.50 4,370.30 4,695.49 4,911.10 4,974.31 3,710
BV (Rp)
4,096
3,417
DAR (X) 0.42 0.51 0.52 0.53 0.53 2,757
0.74 1.04 1.08 1.13 1.13
3,047
DER(X)
ROA (%) 8.06 4.38 5.99 4.04 2.97 1,997
ROE (%) 14.00 8.90 12.48 8.60 6.31

GPM (%) 27.10 24.82 26.81 26.94 28.75 947
OPM (%) 13.72 11.64 11.34 11.49 11.78

NPM (%) 9.55 5.92 8.09 5.79 8.09
-103
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 49.81 49.80 49.72 49.70 -
Yield (%) 3.16 2.15 3.26 3.25 -

CC O
OMM PP AA N
N YY RR EE PP O
O RR TT
INTP
INDOCEMENT TUNGGAL PRAKARSA TBK.
Company Profile
PT Indocement Tunggal Prakarsa Tbk. was incorporated on January 16th, 1985. The
Companystarteditscommercialoperationsin1985.

The scope of its activities comprises, among others, cement and building materials
manufacturing,mining,constructionandtrading.Currently,theCompanyandSubsidiaries
are involved in several businesses consisting of the manufacture and sale of cement (as
corebusiness)andreadymixconcrete,aggregatesandtrassquarrying.

TheCompanysheadofficeislocatedinJakartawhilethefactoriesarelocatedinCiteureup
WestJava,PalimananWestJava,andTarjunSouthKalimantan.

ThecementbusinessincludestheoperationsoftheCompanystwelve(12)plantslocated
inthreedifferentsites:nineattheCiteureupBogorsite,twoatthePalimananCirebon
siteandoneattheTarjunSouthKalimantansite.Themanufactureofreadymixconcrete,
cement distribution, and aggregates quarrying comprise the operations of most of the
CompanysSubsidiaries.

TheCompanyhasdirectownershipinsubsidiaries:
PTDianAbadiPerkasa, PTLenteraAbadiSejahtera,and
PTIndomixPerkasa,
PTSariBhaktiSejati,
PTMakmurAbadiPerkasaMandiri,

TheCompanyalsohasindirectownershipinsubsidiaries:
PTPionirbetonIndustri, PTSahabatMuliaSakti,
PTMandiriSejahteraSentra, PTMultiBangunGalaxy,
PTBahanaIndonor, PTBhaktiSariPerkasaAbadi,and
PTTarabatuhManunggal, PTJayaBerdikariCipta.
PTMineralIndustriSukabumi
PTLintasBahanaAbadi,
PTTerangPrakasaCipta,

AsofJune30th,2016,theGrouphadatotalof6,803permanentemployees.

August 2016
Disclaimer:

INTP Indocement Tunggal Prakarsa Tbk. [S]
Industry Sub Sector : Cement (31) Market Capitalization : 62,857,031,260,425
14 | 62.9T | 1.12% | 53.37%
24 | 15.0T | 1.08% | 61.77%

Established Date : 16-Jan-1985 1. Birchwood Omnia Limited 1,877,480,863 : 51.00%
Listing Date : 05-Dec-1989 2. PT Mekar Perkasa 347,033,092 : 9.43%
PT (Persero) Danareksa
PT Merchant Investment Corporation DIVIDEND ANNOUNCEMENT
PT Multicor Bonus Cash Recording Payment
F/I
Bank Pembangunan Indonesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1991 150.00 13-Feb-91 14-Feb-91 21-Feb-91 15-Mar-91 I
PT Raya Saham Registra 1991 175.00 27-May-92 29-May-92 05-Jun-92 18-Jun-92 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1993 208.00 13-Jul-94 14-Jul-94 21-Jul-94 15-Aug-94 F
Phone : (021) 252-5666 1993 1:1 12-Aug-94 15-Aug-94 23-Aug-94 23-Sep-94 B
1995 40.00 23-Aug-95 24-Aug-95 01-Sep-95 29-Sep-95 I
1. Albert Scheuer 1996 70.00 11-Jul-97 14-Jul-97 23-Jul-97 21-Aug-97 F
2. Bernhard Scheifele 1996 10:3 08-Sep-97 09-Sep-97 17-Sep-97 30-Sep-97 B
3. Daniel Eugene Antoine Lavalle *) 2005 50.00 19-Jul-06 20-Jul-06 24-Jul-06 07-Aug-06 F
4. Daniel Hugues Jules Gauthier 2006 30.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 I
5. I Nyoman Tjager *) 2007 40.00 05-Jun-08 06-Jun-08 10-Jun-08 24-Jun-08 F
6. Lorenz Naeger 2008 150.00 02-Jun-09 03-Jun-09 05-Jun-09 19-Jun-09 F
7. Tedy Djuhar *) 2009 225.00 21-Jun-10 22-Jun-10 24-Jun-10 07-Jul-10 F
2011 293.00 18-Jun-12 19-Jun-12 21-Jun-12 05-Jul-12 F
BOARD OF DIRECTORS 2012 450.00 20-Jun-13 21-Jun-13 25-Jun-13 09-Jul-13 F
1. Christian Kartawijaya 2013 900.00 19-Jun-14 20-Jun-14 24-Jun-14 08-Jul-14 F
2. Benny Setiawan Santoso 2014 1,350.00 21-May-15 22-May-15 26-May-15 17-Jun-15 F
3. Daniel Robert Fritz 2015 415.00 17-May-16 18-May-16 20-May-16 10-Jun-16 F
4. Fransiscus Welirang
5. Hasan Imer ISSUED HISTORY
6. Kuky Permana Kumalaputra Listing Trading
7. Ramakanta Bhattacharjee No. Type of Listing Shares Date Date
8. Tju Lie Sukanto 1. First Issue 89,832,150 05-Dec-89 05-Dec-89
9. Troy Dartojo Soputro 2. Koperasi 6,000,000 T: 26-Jun-92 : 31-Dec-99
3. Founders Shares 946,119 T: 07-Mar-94 : 02-Sep-94
AUDIT COMMITTEE 4. Convertible Bonds 8,555,640 T: 07-Mar-94 : 10-Nov-94
1. I Nyoman Tjager 5. Bonus Shares 599,790,020 T: 12-Sep-94 : 26-Sep-94
2. Jusuf Halim 6. Company Listing 502,102,731 12-Sep-94 12-Sep-94
3. Lindawati Gani 7. Stock Split 1,207,226,660 02-Sep-96 02-Sep-96
8. Additional Listing 69,863,127 09-Jan-01 09-Jan-01
CORPORATE SECRETARY 9. Right Issue 1,196,907,072 24-Apr-01 24-Apr-01
Pigo Pramusakti Kusdihardjo 10. Warrant 8,180 12-May-03 12-May-03
HEAD OFFICE
Wisma Indocement 8th Fl.
Jakarta
Phone : (021) 251-0057, 570-3817
Fax : (021) 570-1693, 251-0066
Homepage : www.indocement.com
Email : corpsec@indocement.co.id

TRADING ACTIVITIES
Indocement Tunggal Prakarsa Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
28,000 160 Jan-12 19,050 16,600 16,950 22,398 87,292 1,556,604 21
Feb-12 17,900 16,300 17,450 23,502 88,498 1,514,992 21
24,500 140 Mar-12 18,800 17,000 18,450 18,385 72,028 1,307,071 21
Apr-12 18,800 17,850 18,050 13,941 70,686 1,294,326 20
May-12 18,900 16,800 17,800 17,881 68,984 1,223,049 21
21,000 120
Jun-12 17,600 15,800 17,350 16,882 71,934 1,226,581 21
Jul-12 22,000 17,400 21,500 18,249 87,400 1,660,463 22
17,500 100
Aug-12 21,500 19,200 20,250 17,525 52,402 1,067,337 19
Sep-12 20,650 19,550 20,350 18,025 54,846 1,105,406 20
14,000 80
Oct-12 22,300 19,950 21,400 16,613 71,139 1,504,225 22
Nov-12 23,250 21,150 23,250 16,524 59,652 1,332,810 20
10,500 60 Dec-12 23,250 21,800 22,450 16,591 56,310 1,270,025 18
7,000 40 Jan-13 22,600 21,250 21,750 23,664 71,422 1,550,241 21

Feb-13 22,150 21,350 21,950 16,173 69,389 1,501,495 20
3,500 20 Mar-13 23,550 21,850 23,300 23,869 94,226 2,139,138 19
Apr-13 26,450 22,750 26,400 22,551 75,064 1,827,956 22
May-13 27,400 23,750 23,750 27,114 77,761 1,949,529 22
Jun-13 24,550 20,450 24,450 39,750 137,049 3,109,151 19
Jul-13 24,400 20,600 20,850 26,673 72,376 1,592,849 23
Aug-13 22,450 16,500 19,700 27,991 79,314 1,531,570 17
Sep-13 21,900 18,000 18,000 32,816 92,486 1,815,659 21
Basic Industry and Chemicals Index Nov-13 21,200 18,250 18,850 25,471 62,059 1,201,282 20
January 2012 - July 2016 Dec-13 20,200 18,300 20,000 20,099 57,378 1,099,328 19
75%
Jan-14 22,500 19,825 22,400 42,897 63,573 1,340,256 20
60% Feb-14 22,850 20,800 22,450 36,786 53,504 1,170,267 20
Mar-14 27,300 21,550 23,375 50,809 82,794 1,947,053 20
45% Apr-14 25,125 21,675 21,950 53,758 103,849 2,419,573 20
May-14 24,450 21,175 22,650 38,535 64,887 1,481,991 18
33.5% Jun-14 25,025 22,350 22,550 36,440 59,436 1,405,231 21
30%
Jul-14 27,500 22,425 24,950 47,705 84,985 2,170,522 18
Aug-14 25,500 24,000 24,250 48,865 66,643 1,636,144 20
15%
Sep-14 24,700 21,125 21,550 49,050 85,318 1,981,406 22
8.3%
Oct-14 24,275 20,800 24,000 64,236 86,327 1,966,007 23
-
Nov-14 24,975 22,475 24,675 37,852 62,863 1,508,616 20
-5.4%
Dec-14 25,725 22,900 25,000 46,054 59,966 1,479,007 20
-15%
Jan-15 25,500 21,325 23,000 59,898 112,706 2,596,245 21

-30% Feb-15 24,325 22,650 24,050 38,270 51,124 1,209,902 19
Mar-15 24,300 20,475 21,925 53,486 87,898 1,969,041 22
-45% Apr-15 23,700 20,700 21,000 39,145 67,087 1,500,898 21
Jun-15 22,450 20,625 20,875 36,792 168,941 3,586,859 21
Jul-15 22,450 19,475 20,025 32,856 39,233 831,544 19
Days 246 244 242 244 140 Dec-15 22,800 19,025 22,325 37,676 33,403 693,474 19
Price (Rupiah) Jan-16 22,425 18,075 19,700 63,144 74,904 1,483,571 20

High 23,250 27,400 27,500 25,500 22,425 Feb-16 20,300 18,450 20,025 49,336 64,737 1,263,594 20
Low 15,800 16,500 19,825 16,000 15,525 Mar-16 20,850 19,250 19,725 43,398 63,350 1,282,258 21
Close 22,450 20,000 25,000 22,325 17,075 Apr-16 20,800 19,550 19,725 27,722 38,762 774,930 21
Close* 22,450 20,000 25,000 22,325 17,075 May-16 19,550 15,525 16,650 56,302 74,033 1,266,067 20
Jun-16 16,875 15,550 16,875 38,912 41,403 674,323 22
PER (X) 17.35 14.69 18.57 18.86 14.17 Jul-16 17,300 16,350 17,075 40,954 185,206 2,938,432 16
PER Industry (X) 9.79 6.83 16.60 4.10 15.15
PBV (X) 4.26 3.20 3.96 3.44 2.78

Receivables 2,454,818 2,518,588 2,670,993 2,534,690 2,432,875

1,470,305 1,473,645 1,665,546 1,521,197 1,631,031 24,000
Inventories
Current Assets 14,579,400 16,846,248 16,086,773 13,133,854 12,550,347
18,000
Fixed Assets 7,935,224 9,304,992 12,143,632 13,813,892 14,041,706
Other Assets 141,371 324,750 421,823 398,265 504,054
12,000
Total Assets 22,755,160 26,607,241 28,884,973 27,638,360 27,787,225
Growth (%) 16.93% 8.56% -4.32% 0.54% 6,000

Long Term Liabilities 917,660 889,465 839,613 1,084,667 749,257 2012 2013 2014 2015 Jun-16
Growth (%) 8.79% 12.97% -7.99% -19.78%
23,866
Paid up Capital 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616 24,785 22,978

Par Value 500 500 500 500 500
19,729

14,673
Total Equity 19,418,738 22,977,687 24,784,801 23,865,950 24,761,160

Growth (%) 18.33% 7.86% -3.71% 3.75% 9,617
Total Revenues 17,290,337 18,691,286 19,996,264 17,798,055 7,741,904

Growth (%) 8.10% 6.98% -10.99%
-496
2012 2013 2014 2015 Jun-16
Cost of Revenues 9,020,338 10,036,632 10,909,595 9,888,919 4,506,971

Gross Profit 8,269,999 8,654,654 9,086,669 7,909,136 3,234,933
Expenses (Income) 2,393,257 2,590,554 3,111,676 2,852,206 1,266,988
18,691
3.19% -1.47% -15.37% 17,798
19,996
Growth (%) 17,290
15,917
Other Income (Expenses) 362,808 531,054 814,609 588,181 279,074

Tax 1,476,162 1,582,860 1,515,593 1,288,450 130,473 7,742

Growth (%) 5.23% 5.22% -17.39%

3,679
Current Ratio (%) 602.76 614.81 493.37 488.66 551.23
5,274
Dividend (Rp) 450.00 900.00 1,350.00 415.00 - 5,012
5,274
4,763
EPS (Rp) 1,293.15 1,361.02 1,431.82 1,183.48 659.88 4,357
BV (Rp) 5,275.07 6,241.85 6,732.75 6,483.14 6,726.32 4,198
DAR (X) 0.15 0.14 0.14 0.14 0.11

0.17 0.16 0.17 0.16 0.12
3,122
DER(X) 2,429
ROA (%) 20.93 18.84 18.26 15.76 8.74 2,046
ROE (%) 24.53 21.81 21.28 18.25 9.81

GPM (%) 47.83 46.30 45.44 44.44 41.78 970
OPM (%) 33.99 32.44 29.88 28.41 25.42

NPM (%) 27.55 26.82 26.37 24.48 31.38
-105
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 34.80 66.13 94.29 35.07 -
Yield (%) 2.00 4.50 5.40 1.86 -

C
COOM
M PP A
ANN YY RR EE PP O
O RR TT
JSMR
JASA MARGA (PERSERO) TBK.
Company Profile
Jasa Marga is a state owned company with the line business of planning, constructing,
operatingandmaintainingtollroadsalongwithdevelopingandmaximizingtheuseofland
in toll road areas and other related businesses. Jasa Margas business caracteristics are
defensiveandresistanttofluctuatedconditionofglobaleconomy.
Based on the toll road concessions granted directly from the Government, Jasa Marga
currently manages and operates 13 toll road concessions through its nine branch offices
andonesubsidiary
Apart from developing more toll roads to add the length of the toll roads operated, the
Companyalsodevelopsotherbusinessesbycapitalizingvariousassetsownedsuchasthe
following:
Utilityandlandrent.
Restareaandpropertydevelopment.
Advertisement
Variousservices,includingtollroadoperationfromotherparties.
Goingforward,theCompanysbusinessprospectwillberobustasitissupportedbynew
concessions with sound financial feasibility that is integrated with existing concession
portfolio,strongandtrustedfinancialstructure,aswellasassetsutilizationinprospective
businesses,which,inturnwillsupporttheCompanyssustainablegrowth.
ThetotalnumberofemployeesatMarch31st,2016was4,500.

August 2016
Disclaimer:

JSMR JasaMarga(Persero)Tbk.[S]
Industry Sector : Infrastructure, Utilities And Transportation (7) Listed Shares : 6,800,000,000
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72) Market Capitalization : 36,210,000,000,000
28 | 36.2T | 0.65% | 65.06%
42 | 8.89T | 0.64% | 75.44%

Under Writer IPO :
F/I
PT Mandiri Sekuritas Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2007 14.31 21-May-08 22-May-08 26-May-08 29-May-08 F
PT Datindo Entrycom 2008 52.00 18-Jun-09 19-Jun-09 23-Jun-09 07-Jul-09 F
Wisma Sudirman - Puri Datindo 2009 87.91 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
Fax : (021) 570-9026 2012 94.24 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
2013 78.61 04-Apr-14 07-Apr-14 10-Apr-14 23-Apr-14 F
BOARD OF COMMISSIONERS 2015 43.13 06-Apr-16 07-Apr-16 11-Apr-16 29-Apr-16 F
1. Refly Harun *)
2. Agus Suharyono ISSUED HISTORY
3. Boediarso Teguh Widodo Listing Trading
4. Muhammad Sapta Murti No. Type of Listing Shares Date Date
5. Sigit Widyawan *) 1. First Issue 2,040,000,000 12-Nov-07 12-Nov-07
6. Taufik Widjojono 2. Negara RI (Seri A) 1 12-Nov-07 12-Nov-07
*) Independent Commissioners 3. Company Listing 4,759,999,999 12-Nov-07 10-May-08
BOARD OF DIRECTORS
1. Adityawarman
2. Achiran Pandu Djajanto
3. Anggiasari Hindratmo
4. Christantio Prihambodo
5. Hasanudin
6. Muh Najib Fauzan
AUDIT COMMITTEE
1. Sigit Widyawan
2. Teguh Prastiyo
3. Triyono Junoasmono
CORPORATE SECRETARY
Mohammad Sofyan
HEAD OFFICE
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630
Fax : (021) 840-1533, 841-3540
Homepage : www.jasamarga.com
Email : sekper@jasamarga.co.id
mohammad.sofyan@jasamarga.co.id

TRADING ACTIVITIES
Jasa Marga (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
7,400 160 Jan-12 4,575 4,125 4,375 12,368 230,785 993,508 21
Feb-12 4,775 4,325 4,700 12,003 265,300 1,209,137 21
6,475 140 Mar-12 5,150 4,625 5,150 14,902 168,517 813,781 21
Apr-12 5,700 4,875 5,350 19,314 230,817 1,196,346 20
May-12 5,550 4,925 5,150 23,617 448,775 2,326,901 21
5,550 120
Jun-12 5,450 4,975 5,400 14,761 232,464 1,199,371 21
Jul-12 5,950 5,300 5,700 14,029 167,905 944,446 22
4,625 100
Aug-12 6,000 5,550 5,750 12,949 157,924 899,890 19
Sep-12 5,850 5,650 5,850 10,923 131,027 753,148 20
3,700 80
Oct-12 5,950 5,650 5,800 12,435 173,137 999,567 22
Nov-12 5,850 5,650 5,700 9,709 152,420 876,690 20
2,775 60 Dec-12 5,850 5,450 5,450 9,539 159,861 908,441 18
1,850 40 Jan-13 5,700 5,100 5,500 17,310 287,693 1,560,093 21

Feb-13 5,650 5,400 5,550 13,401 204,434 1,133,501 20
925 20 Mar-13 5,950 5,600 5,950 15,101 195,334 1,128,937 19
Apr-13 6,750 5,900 6,700 14,419 221,969 1,418,115 22
May-13 6,950 6,500 6,700 17,482 146,129 973,809 22
Jun-13 6,800 5,700 6,050 25,472 256,837 1,596,449 19
Jul-13 6,400 5,200 5,350 20,579 159,785 952,854 23
Aug-13 6,150 5,300 5,450 18,323 152,358 868,013 17
Sep-13 5,850 5,050 5,200 19,992 204,787 1,144,362 21
Infrastructure, Utilities and Transportation Index Nov-13 5,450 4,825 5,100 22,103 154,529 793,812 20
January 2012 - July 2016 Dec-13 5,350 4,525 4,725 18,175 149,099 732,436 19
70%
66.3%
Jan-14 5,450 4,400 5,175 32,974 182,407 906,070 20
60% Feb-14 5,525 4,975 5,375 30,448 196,866 1,037,649 20
Mar-14 6,025 4,750 6,000 31,058 234,470 1,337,548 20
50% Apr-14 6,175 5,700 5,900 31,308 206,360 1,240,359 20
May-14 6,175 5,850 5,875 21,239 110,940 669,436 18
40% Jun-14 6,050 5,800 5,975 22,644 90,733 540,393 21
Jul-14 6,500 5,925 6,425 30,588 211,439 1,322,874 18
33.5% Aug-14 6,625 6,100 6,200 32,799 94,443 594,250 20
30%
Sep-14 6,475 6,150 6,450 23,935 106,343 677,115 22
21.7% Oct-14 6,450 5,825 6,350 30,188 197,573 1,217,762 23
20%
Nov-14 7,075 6,325 6,750 25,934 202,949 1,345,264 20
Dec-14 7,050 6,675 7,050 28,826 94,777 653,785 20
10%
Jan-15 7,250 6,925 7,200 27,993 127,295 896,176 21

- Feb-15 7,225 6,900 7,100 29,950 129,358 914,804 19
Mar-15 7,200 6,975 7,200 30,454 144,110 1,022,917 22
-10% Apr-15 7,200 5,950 6,200 35,427 198,482 1,328,552 21
Jun-15 7,000 5,275 5,475 45,083 161,045 943,906 21
Jul-15 6,075 5,400 5,725 31,791 124,582 722,452 19
Volume (Million Sh.) 2,519 2,300 1,929 1,720 960 Sep-15 5,400 4,680 4,825 34,158 119,965 617,427 21
Days 246 244 242 244 140 Dec-15 5,250 4,575 5,225 48,841 129,847 631,845 19
Price (Rupiah) Jan-16 6,075 4,995 5,750 38,605 209,808 1,185,959 20

High 6,000 6,950 7,075 7,250 6,250 Feb-16 6,250 5,200 5,300 52,098 236,731 1,357,849 20
Low 4,125 4,525 4,400 4,500 4,990 Mar-16 5,700 5,200 5,400 46,990 151,782 828,299 21
Close 5,450 4,725 7,050 5,225 5,325 Apr-16 5,575 5,250 5,450 29,037 77,850 418,771 21
Close* 5,450 4,725 7,050 5,225 5,325 May-16 5,525 5,200 5,400 29,713 72,265 386,407 20
Jun-16 5,575 4,990 5,275 38,948 100,784 533,131 22
PER (X) 24.12 24.04 34.16 24.51 20.91 Jul-16 5,650 5,125 5,325 32,745 110,641 599,531 16
PER Industry (X) 17.53 12.11 20.04 9.49 11.42
PBV (X) 3.79 2.96 4.20 2.87 2.72

Receivables 64,092 177,198 148,829 164,374 811,428

- - - 20,154 11,847 33,000
Inventories
Current Assets 4,531,117 3,746,345 3,641,372 3,729,047 5,051,789
24,750
Fixed Assets 422,507 593,028 701,727 913,843 922,624
Other Assets 289,155 130,965 121,561 1,007,135 1,243,658
16,500
Total Assets 24,753,551 28,366,345 31,857,948 36,724,982 40,212,303
Growth (%) 14.60% 12.31% 15.28% 9.50% 8,250

Growth (%) 16.93% 16.76% 19.20% 10.08%
Paid up Capital 3,400,000 3,400,000 3,400,000 3,400,000 3,400,000 13,401
12,369
11,425
9,788
Par Value 500 500 500 500 500
10,667

7,933
Total Equity 9,787,786 10,866,980 11,424,996 12,368,664 13,401,019

Growth (%) 11.03% 5.13% 8.26% 8.35% 5,200
Total Revenues 9,070,219 10,294,668 9,175,319 9,848,242 6,711,457

Growth (%) 13.50% -10.87% 7.33%
-268
2012 2013 2014 2015 Jun-16
Cost of Revenues - - - 5,720,422 4,416,676

Gross Profit - - - 4,127,820 2,294,781
Expenses (Income) 6,094,983 7,631,490 6,131,283 650,155 335,699
9,848
-10.49% 14.30% 14.25% 9,070 9,175
Growth (%)
10,295
8,195
Other Income (Expenses) -919,979 -948,522 -1,222,062 -1,409,361 -749,899 6,711
Tax 519,445 476,835 606,642 749,104 334,866

Profit for the period 1,535,812 1,237,821 1,215,332 1,319,201 874,316 3,994
Growth (%) -19.40% -1.82% 8.55%

1,894
Current Ratio (%) 68.16 76.15 84.43 48.16 45.56
1,536
Dividend (Rp) 94.24 78.61 - 43.13 -
1,319
EPS (Rp) 235.60 196.52 206.39 213.14 124.89 1,238 1,215
BV (Rp) 1,439.38 1,598.09 1,680.15 1,818.92 1,970.74 1,223
DAR (X) 0.60 0.62 0.64 0.66 0.67 874

1.53 1.61 1.79 1.97 2.00
909
DER(X)
ROA (%) 6.20 4.36 3.81 3.59 2.17 596
ROE (%) 15.69 11.39 10.64 10.67 6.52

GPM (%) - - - 41.91 34.19 283
OPM (%) 32.80 25.87 33.18 35.31 29.19

NPM (%) 16.93 12.02 13.25 13.40 13.03
-31
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 40.00 40.00 - 20.24 -
Yield (%) 1.73 1.66 - 0.83 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
KLBF
KALBE FARMA TBK.
Company Profile
PTKalbeFarmaTbk.wasestablisheddatedSeptember10th,1966,withintheframeworkof
theDomesticCapitalInvestmentLaw.

ThescopeofactivitiesoftheCompanycomprises,amongothers,pharmaceuticals,trading
and representative. Currently, the Company is primarily engaged in the development,
manufacturing, and trading of pharmaceuticals preparation including medicines and
consumerhealthproducts.TheCompanystarteditscommercialoperationsin1966.

TheSubsidiariesareengagedin:
the Pharmaceutical: PT Bintang Toedjoe,PT Hexpharm Jaya Laboratories, PT Saka Farma
Laboratories, PT Finusolprima Farma Internasional, PT Bifarma Adiluhung, Innogene
KalbiotechPte.Ltd.,PTDankosFarma,PTPharmaMetricLabs.,PTKalGenDNA,PTKalbio
GlobalMedika.
Health Foods and Drinks: PT Sanghiang Perkasa, PT Kalbe Morinaga Indonesia, PT Hale
International,PTKalbeMilkoIndonesia.
SaleandDistribution:PTEnsevalPuteraMegatradingTbk.,PTTriSaptaJaya,PTMillenia
DharmaInsani,PTEnsevalMedikaPrima,PTGlobalChemindoMegatrading,PTRenalmed
Tiara Utama, PT Medika Renal Citraprima, Kalbe Vision Pte. Ltd., Kalbe International Pte.
Ltd.,AsiawideKalbePhilippinesInc.,PTKarsaLintasBuwana,KalbeMayiaSdn.Bhd.

The Companys production plants is located at Kawasan Industri Delta Silicon, Jln. M.H.
Thamrin,BlockA31,LippoCikarang,Bekasi.

AsofJune30th,2016,theGrouphadacombinedtotalof13,405permanentemployees.
August 2016
Disclaimer:

KLBF Kalbe Farma Tbk. [S]
Industry Sub Sector : Pharmaceuticals (53) Market Capitalization : 78,515,829,534,250
12 | 78.5T | 1.40% | 50.94%
14 | 19.7T | 1.42% | 49.25%

Established Date : 10-Sep-1966 1. PT Gira Sole Prima 4,767,872,885 : 10.17%
Listing Date : 30-Jul-1991 2. PT Santa Seha Sanadi 4,550,646,840 : 9.71%
Under Writer IPO : 3. PT Diptanala Bahana 4,447,970,440 : 9.49%
PT Merincorp 4. PT Lucasta Murni Cemerlang 4,439,895,440 : 9.47%
PT Niaga Securities 5. PT Ladang Ira Panen 4,319,452,940 : 9.21%
Securities Administration Bureau : 6. PT Bina Artha Charisma 4,022,071,640 : 8.58%
PT Adimitra Jasa Korpora 7. Public (<5%) 20,327,211,925 : 43.37%
Rukan Kirana Boutique Office
Jln. Kirana Avenue III Blok F3 No. 5, Kelapa Gading, Jakarta Utara DIVIDEND ANNOUNCEMENT
Phone : (021) 2974-5222 Bonus Cash Recording Payment
F/I
Fax : Year Shares Dividend Cum Date Ex Date Date Date
1991 200.00 16-Apr-92 20-Apr-92 27-Apr-92 29-May-92 F
BOARD OF COMMISSIONERS 1991 1: 1 20-Oct-92 21-Oct-92 28-Oct-92 16-Nov-92 B
1. Johannes Setijono 1992 60.00 09-Dec-92 10-Dec-92 17-Dec-92 15-Jan-93 I
2. Farid Anfasa Moeloek *) 1992 70.00 30-Jun-93 01-Jul-93 08-Jul-93 06-Aug-93 F
3. Ferdinand Aryanto 1993 10 : 3 & 10 : 7 75.00 07-Jun-94 08-Jun-94 15-Jun-94 15-Jul-94 F
4. Johanes Berchman Apik Ibrahim *) 1994 50.00 29-Aug-94 30-Aug-94 06-Sep-94 06-Oct-94 I
5. Lucky Surjadi Slamet *) 1994 85.00 10-Jul-95 11-Jul-95 19-Jul-95 18-Aug-95 F
6. Ronny Hadiana 1995 115.00 09-Jul-96 10-Jul-96 18-Jul-96 15-Aug-96 F
7. Santoso Oen 1996 75.00 23-Jul-97 24-Jul-97 01-Aug-97 29-Aug-97 F
1999 100 : 88 10-Nov-00 13-Nov-00 20-Nov-00 06-Dec-00 F
BOARD OF DIRECTORS 2002 2.00 25-Aug-03 26-Aug-03 28-Aug-03 11-Sep-03 F
1. Bernadette Ruth Irawaty Setiady 2003 1.00 16-Aug-04 18-Aug-04 20-Aug-04 03-Sep-04 F
2. Bujung Nugroho 2005 3.00 05-Jul-05 06-Jul-05 08-Jul-05 22-Jul-05 F
3. Djonny Hartono Tjahyadi 2006 10.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 I
4. Ongkie Tedjasurja 2007 10.00 31-Jul-08 01-Aug-08 05-Aug-08 20-Aug-08 F
5. Vidjongtius 2008 12.50 29-Jul-09 30-Jul-09 03-Aug-09 14-Aug-09 F
2009 25.00 15-Jul-10 16-Jul-10 20-Jul-10 30-Jul-10 F
AUDIT COMMITTEE 2010 70.00 27-Jun-11 28-Jun-11 01-Jul-11 13-Jul-11 F
1. Lucky Surjadi Slamet 2011 95.00 28-Jun-12 29-Jun-12 03-Jul-12 17-Jul-12 F
2. Kai Arief Iman Selomulya 2012 19.00 13-Jun-13 14-Jun-13 18-Jun-13 02-Jul-13 F
3. Kurniawan Tedjo 2013 17.00 13-Jun-14 16-Jun-14 18-Jun-14 02-Jul-14 F
2014 19.00 25-May-15 26-May-15 28-May-15 17-Jun-15 F
CORPORATE SECRETARY 2015 19.00 07-Jun-16 08-Jun-16 10-Jun-16 30-Jun-16 F
Vidjongtius
ISSUED HISTORY
HEAD OFFICE Listing Trading
Kalbe Building 3rd Fl. No. Type of Listing Shares Date Date
Jln. Let. Jend. Suprapto Kav. 4, Cempaka Putih 1. First Issue 10,000,000 30-Jul-91 30-Jul-91
Jakarta 10510 2. Partial Listing 10,000,000 T: 30-Jul-91 : 30-Jan-92
Phone : (021) 4287-3688, 89424-3908 3. Koperasi 500,000 T: 27-Feb-92 : 31-Dec-99
Fax : (021) 428-73678 4. Company Listing 29,500,000 29-Apr-92 29-Apr-92
5. Bonus Shares 2,026,400,000 T: 17-Nov-92 : 06-Dec-00
Homepage : www.kalbe.co.id 6. Right Issue 8,000,000 T: 14-May-93 : 25-Jun-93
Email : Vidjongtius@kalbe.co.id 7. Dividen Shares 32,400,000 18-Jul-94 18-Jul-94
8. Stock Split 6,004,800,000 T: 07-Oct-96 : 02-Jan-04
9. Additional Listing (Merger) 2,034,414,422 21-Dec-05 21-Dec-05
10. Stock Splits 40,624,057,688 08-Oct-12 08-Oct-12
11. Decrease in Issued and Fully Paid Shares -3,904,950,000 13-Dec-13 13-Dec-13

TRADING ACTIVITIES
Kalbe Farma Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 400 Jan-12 3,650 3,375 3,525 15,399 122,271 428,028 21
Feb-12 3,600 3,400 3,500 18,914 172,533 602,764 21
1,750 350 Mar-12 3,550 3,375 3,550 18,538 283,565 982,054 21
Apr-12 4,050 3,400 4,025 31,628 485,446 1,795,766 20
May-12 4,025 3,750 3,875 39,920 454,029 1,783,899 21
1,500 300
Jun-12 4,000 3,700 3,775 30,929 384,956 1,485,524 21
Jul-12 3,900 3,675 3,825 32,278 394,523 1,497,405 22
1,250 250
Aug-12 4,000 3,750 3,875 33,041 255,670 999,731 19
Sep-12 4,700 3,900 4,700 33,617 272,454 1,158,254 20
1,000 200
Oct-12 4,975 910 970 54,533 779,898 998,575 22
Nov-12 1,040 960 1,030 68,691 1,528,172 1,514,316 20
750 150 Dec-12 1,150 980 1,060 53,129 1,506,913 1,585,510 18
500 100 Jan-13 1,130 1,000 1,090 48,914 1,891,111 1,965,394 21

Feb-13 1,300 1,070 1,290 69,492 1,682,306 1,946,563 20
250 50 Mar-13 1,380 1,190 1,240 51,451 1,724,553 2,181,688 19
Apr-13 1,390 1,200 1,390 51,858 1,928,884 2,479,590 22
May-13 1,560 1,320 1,450 67,894 1,973,262 2,887,922 22
Jun-13 1,450 1,130 1,440 76,854 1,752,293 2,311,851 19
Jul-13 1,500 1,300 1,430 100,827 1,558,750 2,191,524 23
Aug-13 1,510 1,110 1,350 71,639 1,391,354 1,888,689 17
Sep-13 1,440 1,180 1,180 92,703 1,885,390 2,494,405 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 1,390 1,220 1,300 82,161 1,732,152 2,302,731 21
Consumer Goods Industry Index Nov-13 1,370 1,200 1,220 55,361 1,256,613 1,624,072 20
January 2012 - July 2016 Dec-13 1,260 1,160 1,250 54,113 1,220,791 1,480,756 19
210%
Jan-14 1,455 1,260 1,405 115,285 1,481,958 2,036,864 20
180% Feb-14 1,480 1,360 1,450 90,285 1,393,045 1,969,357 20
Mar-14 1,495 1,400 1,465 100,433 1,431,485 2,067,755 20
150% Apr-14 1,550 1,455 1,545 90,527 1,213,480 1,838,928 20
142.8% May-14 1,660 1,535 1,540 54,597 933,943 1,482,209 18
120% Jun-14 1,670 1,560 1,660 94,173 726,980 1,181,149 21
Jul-14 1,800 1,640 1,730 88,132 1,239,481 2,139,985 18
Aug-14 1,700 1,580 1,660 113,962 1,752,185 2,873,280 20
90%
Sep-14 1,710 1,640 1,700 91,511 907,341 1,522,631 22
76.7%
Oct-14 1,715 1,595 1,705 92,218 1,088,205 1,816,283 23
60%
Nov-14 1,795 1,650 1,750 77,230 739,375 1,265,949 20
Dec-14 1,835 1,715 1,830 79,479 1,036,522 1,844,446 20
30% 33.5%
Jan-15 1,880 1,775 1,865 67,451 931,699 1,699,637 21

- Feb-15 1,870 1,780 1,805 72,888 924,635 1,684,580 19
Mar-15 1,865 1,775 1,865 76,831 1,156,024 2,102,717 22
-30% Apr-15 1,915 1,750 1,795 72,828 906,565 1,672,698 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 1,870 1,730 1,840 92,844 1,178,383 2,127,734 19
Jun-15 1,825 1,590 1,675 90,201 712,306 1,205,743 21
Jul-15 1,745 1,630 1,745 92,629 560,733 938,956 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 1,735 1,405 1,675 110,480 1,084,676 1,706,243 20
Frequency (Thou. X) 431 823 1,088 1,080 611 Nov-15 1,455 1,305 1,335 94,453 1,193,529 1,635,558 21
Days 246 244 242 244 140 Dec-15 1,390 1,135 1,320 97,512 1,356,241 1,718,826 19
Price (Rupiah) Jan-16 1,505 1,275 1,335 88,640 1,293,400 1,780,459 20

High 4,975 1,560 1,835 1,915 1,715 Feb-16 1,370 1,250 1,300 97,172 1,169,685 1,532,788 20
Low 910 1,000 1,260 1,135 1,250 Mar-16 1,465 1,270 1,445 111,539 1,864,143 2,497,670 21
Close 1,060 1,250 1,830 1,320 1,675 Apr-16 1,470 1,320 1,375 81,214 1,099,897 1,551,019 21
Close* 1,060 1,250 1,830 1,320 1,675 May-16 1,430 1,295 1,430 81,608 1,189,673 1,617,860 20
Jun-16 1,545 1,370 1,530 88,348 1,087,339 1,562,244 22
PER (X) 30.38 30.53 43.27 30.87 36.50 Jul-16 1,715 1,490 1,675 62,357 569,437 912,427 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 7.30 6.89 9.30 5.66 7.45

Receivables 1,938,156 2,273,379 2,464,902 2,434,082 2,660,196

2,115,484 3,053,495 3,090,544 3,003,150 3,235,653 12,000
Inventories
Current Assets 6,441,711 7,497,319 8,120,805 8,748,492 8,861,629
9,000
Fixed Assets 2,254,763 2,925,547 3,404,457 3,938,494 4,128,376
Other Assets - 357,861 326,536 346,531 549,104
6,000
Total Assets 9,417,957 11,315,061 12,425,032 13,696,417 14,228,613
Growth (%) 20.14% 9.81% 10.23% 3.89% 3,000

Long Term Liabilities 154,696 174,513 221,637 392,251 414,757 2012 2013 2014 2015 Jun-16
Growth (%) 37.57% -7.37% 5.77% 8.57%
Authorized Capital 1,700,000 850,000 850,000 850,000 850,000 11,234
10,938
Paid up Capital 507,801 507,801 468,751 468,751 468,751
9,817
11,234

8,500
Par Value 50&10 10 10 10 10
8,942
7,372
6,651
Total Equity 7,371,644 8,499,958 9,817,476 10,938,286 11,234,031

Growth (%) 15.31% 15.50% 11.42% 2.70% 4,359
Total Revenues 13,636,405 16,002,131 17,368,533 17,887,464 9,555,795

Growth (%) 17.35% 8.54% 2.99%
-225
2012 2013 2014 2015 Jun-16
Cost of Revenues 7,102,971 8,323,018 8,892,737 9,295,887 4,893,117

Gross Profit 6,533,434 7,679,113 8,475,795 8,591,577 4,662,678
Expenses (Income) 4,225,417 5,106,591 5,712,095 5,870,696 3,133,978
16,002
17,887
Growth (%)
13,636
14,238

9,556
Tax 532,918 602,070 642,610 663,187 355,819

Growth (%) 11.01% 7.64% -2.99%

3,291
Current Ratio (%) 340.54 283.93 340.36 369.78 343.50
2,121 2,058
Dividend (Rp) 19.00 17.00 19.00 19.00 - 2,121 1,970
28.45 37.80 44.05 42.76 24.45 1,775
EPS (Rp)
BV (Rp) 120.97 167.39 209.44 233.35 239.66 1,688
DAR (X) 0.22 0.25 0.21 0.20 0.21 1,173

0.28 0.33 0.27 0.25 0.27
1,256
DER(X)
ROA (%) 18.85 17.41 17.07 15.02 8.24 823
ROE (%) 24.08 23.18 21.61 18.81 10.44

GPM (%) 47.91 47.99 48.80 48.03 48.79 390
OPM (%) - - - - -
NPM (%) 13.02 12.31 12.21 11.50 12.27
-42
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 66.77 44.97 43.14 44.44 -
Yield (%) 1.79 1.36 1.04 1.44 -

COMPANY REPORT
LPKR
LIPPO KARAWACI TBK.
Company Profile

PT Lippo Karawaci Tbk. wasestablished under thenamePT Tunggal Reksakencanadated
October15th,1990.

TheCompanysscopeofactivitiesincluderealestate,urbandevelopment,landpurchasing
and clearing, land cut and fill, land development and excavation, infrastructure
development planning, developing, leasing, selling and managing of buildings, houses,
offices and industrial estates, hotels, hospitals, commercial centers and sports centers,
supporting infrastructure, including but not limited to golf courses, club houses,
restaurants, other entertainment centers, medical laboratories, medical pharmacies and
related facilities, directly or by investment or capital divestment; build and operate
environmentinfrastructure,buildandmanagepublicfacilitiesandaccommodationservices
andoperatingactivitiesinservicesconsistingofpublictransportation,securityservicesand
othersupportingservices,exceptforlegalandtaxationservices.
The main activities of the Company include urban development, large scale integrated
development,retailmalls,healthcare,hospitals&infrastructure,alsoproperty&portfolio
management.

The Company creates wellplanned developments that circumvent traffic congestion, are
floodfree, and possess worldclass infrastructure. The Company is driven by its vision of
impacting lives, while continuously creating value for its stakeholders. The needs of the
growingmiddle,uppermiddleandupperclassesofIndonesiaaremetbythequalityofthe
services offered through each business segment, while sustainable growth is achieved
throughabalancedportfolioofdevelopmentprojectssupportedandsustainedbyastable
level of recurring income from healthcare, hotel leisure & hospitality, infrastructure, and
feebasedincomeasRetailEstateInvestmentTrust(REIT)andpropertymanagers.

ThecompanyisoneoftheincorporatedinthebusinessgroupLippoGroup.

AsofJune30th,2016,theCompanyandsubsidiarieshad11,217employees.
August 2016
Disclaimer:

LPKR Lippo Karawaci Tbk. [S]
39 | 26.2T | 0.47% | 70.90%
15 | 19.7T | 1.42% | 50.67%

Established Date : 15-Oct-1990 1. Pacific Asia Holding Ltd. 3,676,619,908 : 15.93%
Listing Date : 28-Jun-1996 2. Credit Suisse Agsg Traccl PT Metropolis Propertindo Utama-20239042 1,212,280,000 : 5.25%
Under Writer IPO : 3. Bank Julius Baerand Co. Ltd. S/A Pacific Asia Holdings Limited 450,000,000 : 1.95%
PT Pentasena Arthasentosa 4. Public (<5%) 17,738,789,711 : 76.87%
PT Sharestar Indonesia DIVIDEND ANNOUNCEMENT
Berita Satu Plasa 7th Fl. Bonus Cash Recording Payment
F/I
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 Year Shares Dividend Cum Date Ex Date Date Date
Phone : (021) 527-7966 1995 40.00 05-Dec-96 06-Dec-96 16-Dec-96 14-Jan-97 F
Fax : (021) 527-7967 1997 10.00 13-Jan-98 14-Jan-98 22-Jan-98 20-Feb-98 F
2005 10.00 19-Aug-05 22-Aug-05 24-Aug-05 08-Sep-05
BOARD OF COMMISSIONERS 2005 9.99 01-Dec-06 04-Dec-06 06-Dec-06 20-Dec-06 F
1. Theo Leo Sambuaga 2006 4.62 04-Dec-07 05-Dec-07 07-Dec-07 27-Dec-07 F
2. Agum Gumelar *) 2010 2.88 11-Nov-10 12-Nov-10 16-Nov-10 01-Dec-10 I
3. Farid Harianto *) 2010 4.33 05-Oct-11 06-Oct-11 10-Oct-11 24-Oct-11 F
4. Muladi *) 2011 7.79 27-Aug-12 28-Aug-12 30-Aug-12 13-Sep-12 F
5. Surjadi Soedirdja *) 2012 11.85 29-Nov-13 02-Dec-13 04-Dec-13 18-Dec-13 F
6. Sutiyoso *) 2013 14.05 02-Dec-14 03-Dec-14 05-Dec-14 19-Dec-14 F
7. Tanri Abeng 2015 3.50 01-Apr-16 04-Apr-16 06-Apr-16 27-Apr-16 F
ISSUED HISTORY
1. Ketut Budi Wijaya No. Type of Listing Shares Date Date
2. Alwi R. Sjaaf 1. First Issue 30,800,000 28-Jun-96 28-Jun-96
3. Chan Cehee Meng 2. Company Listing 244,000,000 T: 28-Jun-96 : 28-Feb-97
4. Jenny Kuistono 3. Convertible Bond 105,072,500 28-Jun-96 28-Jun-96
5. Johanes Jany 4. Right Issue 5,815,239,737 T: 16-Jan-98 : 30-Dec-10
6. Lee Heok Seng 5. Add Listing (Merger) 1,063,275,250 02-Aug-04 02-Aug-04
7. Rahmawaty 6. Warrant 279,099 T: 28-Jul-05 : 17-May-06
8. Richard H. Setiadi WP 7. Stock Split 13,314,419,679 T: 28-Jul-06 : 26-Dec-07
9. Tjokro Libianto 8. Warrant I 1,054,603,354 T: 23-Nov-06 : 05-Dec-07
9. Additional Listing without RI 1,450,000,000 08-Jun-11 08-Jun-11
AUDIT COMMITTEE
1. Muladi
2. Achmad Kurniadi
3. Herbudianto
CORPORATE SECRETARY
Sri Mulyati Handojo
HEAD OFFICE
Menara Matahari 22nd Fl.
Jln. Boulevard Palem Raya No. 7
Lippo Karawaci - Tangerang 15811
Phone : (021) 256-69000
Fax : (021) 256-69099
Homepage : www.lippokarawaci.co.id
Email : corsec@lippokarawaci.co.id

TRADING ACTIVITIES
Lippo Karawaci Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 1,600 Jan-12 690 650 670 7,523 673,010 452,467 21
Feb-12 730 660 700 10,764 1,138,080 798,503 21
1,750 1,400 Mar-12 830 680 800 16,038 1,807,733 1,321,460 21
Apr-12 850 790 830 12,981 1,125,450 926,085 20
May-12 830 740 790 7,519 1,009,310 813,505 21
1,500 1,200
Jun-12 810 720 800 8,994 864,314 662,445 21
Jul-12 910 790 890 11,596 1,077,348 903,591 22
1,250 1,000
Aug-12 1,010 830 870 14,052 1,025,678 946,477 19
Sep-12 990 870 990 10,666 710,159 659,702 20
1,000 800
Oct-12 990 900 930 11,956 750,374 715,666 22
Nov-12 1,090 910 1,070 22,082 1,517,269 1,484,768 20
750 600 Dec-12 1,120 970 1,000 18,552 1,234,505 1,262,027 18
500 400 Jan-13 1,050 980 1,030 18,954 1,044,107 1,060,012 21

Feb-13 1,130 1,000 1,130 19,101 1,320,934 1,410,229 20
250 200 Mar-13 1,380 1,100 1,370 27,626 1,944,365 2,354,312 19
Apr-13 1,420 1,270 1,350 47,000 1,764,716 2,375,613 22
May-13 1,840 1,330 1,840 69,663 4,005,347 6,269,291 22
Jun-13 1,850 1,400 1,520 56,929 2,584,811 4,219,775 19
Jul-13 1,520 1,070 1,280 59,085 2,688,034 3,436,476 23
Aug-13 1,420 850 1,150 45,795 1,988,899 2,346,408 17
Sep-13 1,370 930 1,090 64,901 2,818,915 3,229,906 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 1,190 990 1,130 68,222 2,516,548 2,710,895 21
Property, Real Estate and Bulding Construction Index Nov-13 1,150 860 910 41,217 2,116,780 2,026,117 20
January 2012 - July 2016 Dec-13 990 870 910 29,306 1,988,284 1,817,800 19
210%
Jan-14 1,000 855 950 37,016 2,155,619 2,024,577 20
180% Feb-14 960 910 940 39,852 2,392,473 2,240,643 20
Mar-14 1,295 920 1,085 61,757 2,407,412 2,582,770 20
150% Apr-14 1,220 1,040 1,070 47,022 1,840,563 2,076,457 20
141.2% May-14 1,160 1,035 1,035 29,729 1,310,521 1,437,331 18
120% Jun-14 1,065 930 960 28,924 1,476,320 1,487,519 21
Jul-14 1,180 945 1,100 38,898 2,232,519 2,453,791 18
Aug-14 1,240 1,060 1,070 43,011 1,402,081 1,610,434 20
90%
Sep-14 1,080 935 940 49,324 1,734,697 1,771,314 22
74.6%
Oct-14 1,080 885 1,070 68,627 2,797,512 2,764,165 23
60%
Nov-14 1,180 1,005 1,165 33,157 1,493,052 1,613,526 20
Dec-14 1,195 970 1,020 49,252 1,979,358 2,101,691 20
30% 35.2%
Jan-15 1,155 980 1,135 59,914 2,548,120 2,690,503 21

- Feb-15 1,180 1,090 1,180 46,815 1,659,815 1,874,205 19
Mar-15 1,355 1,070 1,350 49,443 2,003,589 2,359,437 22
-30% Apr-15 1,460 1,150 1,185 35,527 1,133,692 1,522,562 21
Jun-15 1,310 1,085 1,180 62,466 1,226,392 1,425,250 21
Jul-15 1,225 1,105 1,155 50,953 1,569,210 1,826,821 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 1,170 910 1,070 52,105 1,139,478 1,198,968 20
Volume (Million Sh.) 12,933 26,782 23,222 18,995 10,081 Sep-15 1,195 995 1,130 49,567 1,787,071 1,991,245 21
Frequency (Thou. X) 153 548 527 664 530 Nov-15 1,350 1,110 1,285 83,527 1,626,938 2,003,360 21
Days 246 244 242 244 140 Dec-15 1,380 1,005 1,035 72,222 1,064,529 1,250,885 19
Price (Rupiah) Jan-16 1,080 990 1,055 93,352 1,411,606 1,466,344 20

High 1,120 1,850 1,295 1,460 1,215 Feb-16 1,080 975 1,025 80,509 1,575,610 1,610,472 20
Low 650 850 855 910 900 Mar-16 1,180 1,025 1,045 76,677 1,138,313 1,241,236 21
Close 1,000 910 1,020 1,035 1,135 Apr-16 1,095 1,000 1,015 76,777 1,496,730 1,564,087 21
Close* 1,000 910 1,020 1,035 1,135 May-16 1,020 900 955 77,251 1,671,778 1,589,084 20
Jun-16 1,170 945 1,145 82,504 1,813,736 1,855,059 22
PER (X) 9.30 17.10 16.76 44.61 21.49 Jul-16 1,215 1,110 1,135 43,208 972,983 1,126,878 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 2.01 1.48 1.44 1.26 1.36

Receivables 605,801 781,409 951,104 1,434,348 1,796,203

10,504,910 13,894,009 16,553,036 20,458,990 21,508,785 35,000
Inventories
Investment 85,784 130,431 123,284 385,271 390,970
26,250
Fixed Assets 2,222,377 2,810,892 3,208,763 2,731,533 2,864,676
Other Assets - 60,968 718,887 43,067 76,570
17,500
Total Assets 24,869,296 31,300,362 37,761,221 41,326,558 43,026,272
Growth (%) 25.86% 20.64% 9.44% 4.11% 8,750
Bank Payable 70,825 59,680 216,501 1,482,184 2,161,975 -

Trade Payable 575,701 397,748 395,134 782,916 1,179,277 2012 2013 2014 2015 Jun-16
Growth (%) 27.79% 17.47% 11.41% 2.91%
2,307,769 2,307,769 2,307,769 2,307,769 2,307,769 18,917
17,646
Par Value 100 100 100 100 100
15,891
14,178

11,819
Total Equity 11,470,106 14,177,573 17,646,449 18,916,765 19,963,890

Growth (%) 23.60% 24.47% 7.20% 5.54% 7,746
Total Revenues 6,160,214 6,666,214 11,655,042 8,703,650 5,013,077

Growth (%) 8.21% 74.84% -25.32%
-399
2012 2013 2014 2015 Jun-16
Cost of Revenues 3,339,267 3,619,572 6,257,664 4,791,656 2,806,948

Gross Profit 2,820,947 3,046,643 5,397,378 3,911,994 2,206,129
Operating Expenses 1,271,753 1,103,623 1,588,588 2,421,661 1,168,093
25.42% 96.02% -60.87%

11,655
Growth (%)
9,277
8,704
Other Income (Expenses) 27,895 -18,190 -113,812 -205,503 -156,251
6,666
Income before Tax 1,577,088 1,924,830 3,694,979 1,284,830 881,784 6,900 6,160
5,013
Tax 254,241 332,339 559,763 260,709 127,594
Growth (%) 20.38% 96.87% -67.33%

2,145
Period Attributable 1,060,222 1,228,230 2,547,285 535,394 497,800 -233
Comprehensive Income 2,482,548 1,676,148 2,996,884 616,914 1,089,022 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 2,219,923 1,311,887 2,408,953 148,483 792,423
Dividend (Rp) 11.85 14.05 - 3.50 -
3,135
EPS (Rp) 45.94 53.22 110.38 23.20 21.57 3,135
BV (Rp) 497.02 614.34 764.65 819.70 865.07

DAR (X) 0.54 0.55 0.53 0.54 0.54 2,496
DER(X) 1.17 1.21 1.14 1.18 1.16

1,592
5.32 5.09 8.30 2.48 1.75
1,856
ROA (%) 1,323

ROE (%) 11.53 11.23 17.77 5.41 3.78 1,216
1,024
GPM (%) 45.79 45.70 46.31 44.95 44.01 754
OPM (%) 25.15 29.15 32.68 17.12 20.71 577
NPM (%) 21.47 23.89 26.90 11.77 15.04

Payout Ratio (%) 25.79 26.40 - 15.09 -
-63
2012 2013 2014 2015 Jun-16

Yield (%) 1.19 1.54 - 0.34 -

COMPANY REPORT
LPPF
MATAHARI DEPARTMENT STORE TBK.
Company Profile

PTMatahariDepartmentStoreTbk.wasestablishedunderthenamePTStephensUtama
International Leasing Corp. dated April 1st, 1982. The Company started its commercial
operationsin1982.

Since30October2009,thCompanyhasengagedinthereailbussinessforseveraltypesof
products such as clothes, accessories, bags, shoes, cosmetics, and household appliances,
andmanagementconsultingservice.

The Companys operational head office is located in Menara Matahari 15th Fl., Jln.
Boulevard Palem Raya No. 7, Lippo Karawaci Tangerang, Banten, and the stores are
located in cities throughout Indonesia. As of 31 December 2015, the Company operates
142stores.

Parent company is PT Indonesia Meadow and PT Indonesia Meadow parent company is
MeadowAsiaHoldingLtd.,acompanydomiciledinCaymanIslands.

August 2016
Disclaimer:

LPPF Matahari Department Store Tbk. [S]
Industry Sub Sector : Retail Trade (93) Market Capitalization : 58,139,517,744,000
17 | 58.1T | 1.04% | 56.54%
11 | 27.3T | 1.97% | 44.65%

Established Date : 01-Apr-1982 1. Multipolar Tbk. PT 597,529,500 : 20.48%
Under Writer IPO :
PT Aseam Indonesia DIVIDEND ANNOUNCEMENT
PT Finconesia Bonus Cash Recording Payment
F/I
PT Multicor Year Shares Dividend Cum Date Ex Date Date Date
PT Bank Pembangunan Indonesia 1990 5:1 50.00 11-Jul-90 12-Jul-90 20-Jul-90 22-Aug-90 I
PT Danareksa 1990 100.00 02-Jul-91 03-Jul-91 10-Jul-91 12-Aug-91 F
Securities Administration Bureau : 1991 1 :2 175.00 13-Jul-92 14-Jul-92 21-Jul-92 11-Aug-92 F
PT Sharestar Indonesia 1992 75.00 10-Jun-93 11-Jun-93 19-Jun-93 19-Jul-93 F
Berita Satu Plasa 7th Fl. 1993 5:1 50.00 21-Jul-94 22-Jul-94 29-Jul-94 26-Aug-94 F
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 1994 75.00 23-Jun-95 26-Jun-95 04-Jul-95 03-Aug-95 F
2010 32.25 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
BOARD OF COMMISSIONERS 2010 14.00 22-Aug-11 23-Aug-11 25-Aug-11 15-Sep-11 F
1. John Bellis *) 2013 157.70 11-Jun-14 12-Jun-14 16-Jun-14 30-Jun-14 F
2. Henry Jani Liando 2015 427.30 02-Jun-16 03-Jun-16 07-Jun-16 29-Jun-16 F
3. Herbert Stepic *)
4. Johanes Jany ISSUED HISTORY
5. John Riady Listing Trading
6. Jonathan Limbong Parapak *) No. Type of Listing Shares Date Date
7. Niel Byron Nielson 1. First Issue 2,140,000 09-Oct-89 09-Oct-89
8. Sigit Prasetya 2. Partial Listing 2,250,000 12-Apr-90 24-Apr-90
9. William Travis Saucer 3. Bonus Shares 878,000 27-Aug-90 27-Aug-90
*) Independent Commissioners 4. Bonus Shares 10,536,000 13-Aug-92 13-Aug-92
5. Dividen Shares 3,160,800 02-Sep-94 02-Sep-94
BOARD OF DIRECTORS 6. Company Listing 11,880,000 11-Jun-97 11-Jun-97
1. Bunjamin Jonathan Mailool 7. Right Issue 1,295,481,600 19-Jul-01 19-Jul-01
2. Andre Rumantir 8. Reverse Stocks -1,061,061,120 09-Nov-09 09-Nov-09
3. Andy N. Purwohardono 9. Right Issue 2,652,652,800 04-Dec-09 04-Dec-09
4. Eddy Harsono Handoko
5. Larry Michael Remsen
AUDIT COMMITTEE
1. John Bellis
2. Farid Harianto
3. Isnandar Rachmat Ali
CORPORATE SECRETARY
Miranti Hadisusilo
HEAD OFFICE
Menara Matahari 15th Fl.
Jln. Bulevar Palem Raya No. 7, Lippo Karawaci - 1200
Tangerang 15811
Phone : (021) 546-9333, 547-5333, 547-5758
Fax : (021) 547-5650
Homepage : www.matahari.co.id
Email : miranti.hadisusilo@matahari.co.id

TRADING ACTIVITIES
Matahari Department Store Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
22,000 1,600 Jan-12 2,300 2,300 2,300 5 21 47 2
Feb-12 - - 2,300 - - - -
19,250 1,400 Mar-12 - - 2,300 - - - -
Apr-12 2,300 2,300 2,300 4 11 24 4
May-12 2,500 2,500 2,500 2 2 5 2
16,500 1,200
Jun-12 - - 2,500 - - - -
Jul-12 2,500 2,500 2,500 3 17 43 3
13,750 1,000
Aug-12 2,600 2,500 2,600 3 7 18 2
Sep-12 2,700 2,700 2,700 1 1 3 1
11,000 800
Oct-12 - - 2,700 - - - -
Nov-12 - - 2,700 - - - -
8,250 600 Dec-12 - - 2,700 - - - -
5,500 400 Jan-13 - - 2,700 - - - -

Feb-13 3,375 2,500 3,375 8 8 20 2
2,750 200 Mar-13 11,550 4,200 11,000 5,694 2,299,282 17,961,295 5
Apr-13 12,200 11,000 12,100 16,693 158,212 1,822,277 22
May-13 14,200 11,950 13,000 15,960 94,072 1,243,071 22
Jun-13 13,050 9,750 11,600 20,216 159,803 1,792,094 19
Jul-13 13,250 10,500 12,450 19,188 99,430 1,158,399 23
Aug-13 14,500 10,500 12,450 39,379 254,031 3,143,021 17
Sep-13 13,600 10,000 10,500 30,316 109,528 1,229,329 21
January 2012 - July 2016 Dec-13 11,400 10,300 11,000 14,073 45,788 493,022 19
840%
766.3% Jan-14 13,075 10,800 11,625 32,152 56,432 661,262 20

720% Feb-14 15,000 11,475 14,000 47,132 131,382 1,738,718 20
Mar-14 15,000 12,900 13,900 50,174 338,527 4,466,054 20
600% Apr-14 15,500 13,675 15,000 44,656 114,974 1,700,858 20
May-14 15,175 13,500 14,525 27,255 66,252 970,987 18
480% Jun-14 14,550 13,500 13,800 37,570 61,124 855,042 21
Jul-14 15,450 13,475 14,500 36,632 83,450 1,204,403 18
Aug-14 18,000 13,725 16,275 71,943 487,072 7,064,996 20
360%
Sep-14 17,100 15,650 16,225 66,159 97,910 1,593,883 22
Oct-14 16,350 14,250 14,625 54,089 112,386 1,724,398 23
240%
Nov-14 15,700 14,025 15,000 47,206 75,862 1,121,722 20
Dec-14 15,850 14,025 15,000 52,839 99,075 1,469,530 20
120%
46.3% Jan-15 16,200 14,125 15,525 58,908 446,605 6,762,194 21
- 33.5%
Feb-15 18,100 14,800 17,850 59,414 263,261 3,981,884 19
Mar-15 20,000 17,300 19,700 72,275 119,919 2,180,042 22
-120% Apr-15 20,225 16,100 17,500 67,293 120,762 2,193,928 21
Jun-15 18,000 15,800 16,550 62,890 103,593 1,750,968 21
Jul-15 18,125 15,800 17,500 63,226 98,391 1,691,697 19
Volume (Million Sh.) 0.06 3,340 1,724 1,775 1,057 Sep-15 17,475 15,150 16,100 63,237 92,007 1,467,454 21
Value (Billion Rp) 0.1 30,221 24,572 28,863 19,048 Oct-15 18,025 15,600 16,575 87,571 129,214 2,124,978 21
Frequency (Thou. X) 0.02 193 568 806 507 Nov-15 16,875 14,500 15,650 70,212 99,786 1,568,901 21
Days 14 191 242 244 140 Dec-15 17,900 15,800 17,600 59,417 69,198 1,168,321 19
Price (Rupiah) Jan-16 17,750 15,625 16,000 69,519 115,327 1,906,616 20

High 2,700 14,500 18,000 20,225 22,575 Feb-16 18,475 15,925 18,475 70,520 133,282 2,211,645 20
Low 2,300 2,500 10,800 14,125 15,625 Mar-16 18,450 16,600 18,350 87,844 140,089 2,479,966 21
Close 2,700 11,000 15,000 17,600 19,925 Apr-16 19,450 17,275 19,000 58,129 117,473 2,151,389 21
Close* 2,700 11,000 15,000 17,600 19,925 May-16 19,450 17,625 18,975 68,483 324,058 5,779,835 20
Jun-16 20,700 18,475 20,000 82,444 132,534 2,562,757 22
PER (X) 10.22 27.91 30.96 28.84 25.47 Jul-16 22,575 19,750 19,925 70,353 93,768 1,955,675 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) -4.08 -41.08 -241.68 46.43 57.99

Receivables 73,574 62,932 109,381 76,026 122,756

519,601 723,809 955,231 1,007,811 1,325,870 5,000
Inventories
Current Assets 1,744,220 1,703,067 2,117,507 2,272,941 3,457,767
3,750
Fixed Assets 694,005 727,186 725,954 876,566 992,556
Other Assets 21,908 28,268 24,577 153,172 254,926
2,500
Total Assets 2,929,752 2,936,882 3,408,372 3,889,291 5,288,587
Growth (%) 0.24% 16.05% 14.11% 35.98% 1,250

Long Term Liabilities 2,691,079 1,828,073 712,261 344,110 370,643 2012 2013 2014 2015 Jun-16
Growth (%) -23.51% -13.11% -13.86% 53.50%
Authorized Capital 486,114 386,794 386,794 386,794 386,794 1,106 1,016
Paid up Capital 386,794 386,794 386,794 386,794 386,794 1,106

Par Value 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 178
499
2012 2013
-109
Total Equity -1,931,532 -781,372 177,590 1,106,167 1,016,431 2014 2015 Jun-16
Growth (%) 59.55% N/A 522.88% -8.11% -716
-781
INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 -1,324
Total Revenues 5,616,932 6,754,326 7,925,547 9,006,893 5,179,614

Growth (%) 20.25% 17.34% 13.64%
-1,932
-1,932
Cost of Revenues 1,910,789 2,391,274 2,877,507 3,335,638 1,895,890

Gross Profit 3,706,143 4,363,052 5,048,040 5,671,255 3,283,724
Expenses (Income) 2,121,792 2,548,184 2,964,128 3,333,607 1,824,558
14.55% 14.82% 12.18% 7,926

9,007
Growth (%)
7,169
6,754
Other Income (Expenses) -425,356 -291,246 -233,368 -92,827 -1,784 5,617
5,180
Tax 388,114 373,462 431,426 463,973 300,292

Profit for the period 770,881 1,150,160 1,419,118 1,780,848 1,157,090 3,495
Growth (%) 49.20% 23.38% 25.49%

1,657
Period Attributable 770,881 1,150,160 1,419,118 1,780,848 1,157,090 -180
Comprehensive Income 770,881 1,150,160 1,419,118 1,798,352 1,157,090 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 770,881 1,150,160 1,419,118 1,798,352 1,157,090
Current Ratio (%) 80.37 90.10 84.08 93.19 88.63
1,781
Dividend (Rp) - 157.70 - 427.30 -
EPS (Rp) 264.19 394.17 486.35 610.31 396.55 1,419
BV (Rp) -661.96 -267.78 60.86 379.09 348.34 1,418
1,150 1,157
DAR (X) 1.66 1.27 0.95 0.72 0.81
-2.52 -4.76 18.19 2.52 4.20
1,054
DER(X) 771
ROA (%) 26.31 39.16 41.64 45.79 21.88 691
ROE (%) -39.91 -147.20 799.10 160.99 113.84

GPM (%) 65.98 64.60 63.69 62.97 63.40 328
OPM (%) 28.21 26.87 26.29 25.95 28.17

NPM (%) 13.72 17.03 17.91 19.77 22.34
-36
2012 2013 2014 2015 Jun-16

Payout Ratio (%) - 40.01 - 70.01 -
Yield (%) - 1.43 - 2.43 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
LSIP
PP LONDON SUMATRA INDONESIA TBK.
Company Profile
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk. was established December

18th, 1962. The Company commenced its commercial operations in 1963 and engaged in
theplantationbusinesslocatedinNorthSumatera,SouthSumatera,Java,EastKalimantan,
North Sulawesi, and South Sulawesi with a total planted area of 110,656 hectares as of
September 30th, 2014. The main products are crude palm oil and rubber, and small
quantitiesofcocoa,teaandseeds.

The Company is domiciled in Jakarta with operational branch offices located in Medan,
Palembang,Makassar,SurabayaandSamarinda.TheCompanysregisteredofficeaddress
isatPrudentialTower15thFl.,Jln.Jend.SudirmanKav.79,Jakarta.

Lonsums 38 inti estates (Company owned) and 14 plasma estates (smallholder farmer),
which are currently operational in Sumatra, Java, Kalimantan and Sulawesi, make use of
advanced research and development as well as agromanagement expertise and a highly
skilledandanexperiencedworkforce.Thescopeofthebusinesshasbroadenedtoinclude
plant breeding, planting, harvesting, milling, processing and the selling of palm products,
rubber, cocoa and tea. The Company now has 20 factories which are operational in
Sumatra,JavaandSulawesi.Lonsumisknownintheindustryforthequalityofitsoilpalm
ancocoaseeds,andthishightechbusinessisnowamajorgrowthdriverfortheCompany.

In addition to the development of its own plantations, the Company is developing
plantationsonbehalfoflocalsmallholders(plasmaplantations)inlinewiththenucleus
plasmaplantationschemethatwasselectedwhentheCompanyexpandeditsplantations.

PT Salim Ivomas Pratama Tbk. (SIMP) and First Pacific Company Limited, Hong Kong, are
theparentcompanyandtheultimateparentcompanyoftheGroup.AsofJune30th,2016,
theGrouphadatotalof15,357permanentemployees.

ThesubsidiariescontrolledbytheCompanyeitherdirectlyorindirectlyareasfollows:
PTMultiAgroKencanaPrima,
LonsumSingaporePte.Ltd.,
PTTaniMusiPersada,
PTSumatraAgriSejahtera,
PTTaniAndalasSejahtera,
AgriInvestmentsPte.,Ltd.,
PTWushanHijauLestari.
August 2016
Disclaimer:

LSIP PP London Sumatra Indonesia Tbk. [S]
87 | 9.59T | 0.17% | 84.39%
52 | 6.61T | 0.48% | 81.01%

Established Date : 18-Dec-1962 1. PT Salim Ivomas Pratama 4,058,425,010 : 59.48%
Under Writer IPO :
F/I
Plaza Central Building 2nd Fl. 1996 10 : 14 23-Jul-97 24-Jul-97 01-Aug-97 25-Aug-97 B
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1996 110.00 23-Jul-97 24-Jul-97 01-Aug-97 25-Aug-97 F
2008 208.00 26-May-09 27-May-09 29-May-09 05-Jun-09 F
1. Moleonoto (Paulus Moleonoto) 2010 61.00 16-Jun-11 17-Jun-11 21-Jun-11 06-Jul-11 F
2. Axton Salim 2011 100.00 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
3. Edy Sugito *) 2012 66.00 14-Jun-13 17-Jun-13 19-Jun-13 03-Jul-13 F
4. Hendra Widjaja 2013 46.00 16-Jun-14 17-Jun-14 19-Jun-14 03-Jul-14 F
5. Monang Silalahi *) 2014 53.00 12-May-15 13-May-15 18-May-15 05-Jun-15 F
6. Werianty Setiawan 2015 37.00 09-Jun-16 10-Jun-16 14-Jun-16 28-Jun-16 F
ISSUED HISTORY
1. Benny (Benny Tjoeng) No. Type of Listing Shares Date Date
2. Joefly Joesoef Bahroeny 1. First Issue 38,800,000 05-Jul-96 05-Jul-96
3. Mark Julian Wakeford 2. Company Listing 163,538,872 05-Jul-96 05-Jul-96
4. Tan Agustinus Dermawan 3. Bonus Shares 283,274,421 26-Aug-97 26-Aug-97
5. Tio Eddy Hariyanto 4. Additional Listing without RI 280,096,500 24-Jun-04 24-Jun-04
5. Mandatory Convertible Note Conversion 329,519,500 22-Sep-04 22-Sep-04
AUDIT COMMITTEE 6. Mandatory Convertible Note Conversion 269,343,500 02-Nov-07 02-Nov-07
1. Monang Silalahi 7. Stock Splits 5,458,291,172 25-Feb-11 25-Feb-11
2. Hendra Susanto
3. Timotius
CORPORATE SECRETARY
Endah Resmiati Madnawidjaja
HEAD OFFICE
Ariobimo Sentral 12th Floor
Jln. HR. Rasuna Said Blok X-2 Kav. 5
Jakarta 12950
Phone : (021) 8065-7388
Fax : (021) 8065-7399
Homepage : www.londonsumatra.com
Email : endah.resmiati@londonsumatra.com
lonsum@londonsumatra.com

TRADING ACTIVITIES
PP London Sumatra Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,200 160 Jan-12 2,500 2,175 2,425 11,452 198,053 474,007 21
Feb-12 2,825 2,425 2,650 14,768 308,800 813,243 21
2,800 140 Mar-12 3,000 2,600 2,875 16,140 255,649 715,984 21
Apr-12 3,150 2,775 2,925 13,819 275,157 807,841 20
May-12 2,925 2,275 2,400 17,778 343,268 870,742 21
2,400 120
Jun-12 2,775 2,375 2,675 14,991 205,735 529,766 21
Jul-12 3,050 2,625 2,750 13,935 313,397 887,075 22
2,000 100
Aug-12 2,925 2,400 2,400 15,952 412,381 1,090,181 19
Sep-12 2,600 2,325 2,450 16,586 456,401 1,129,082 20
1,600 80
Oct-12 2,450 2,250 2,325 14,768 375,878 876,755 22
Nov-12 2,450 1,840 1,870 13,104 264,249 577,970 20
1,200 60 Dec-12 2,325 1,830 2,300 16,652 334,739 679,771 18
800 40 Jan-13 2,525 2,150 2,200 17,678 323,112 747,259 21

Feb-13 2,325 2,025 2,075 14,561 260,360 572,168 20
400 20 Mar-13 2,125 1,810 1,930 22,788 292,084 572,071 19
Apr-13 1,930 1,520 1,520 18,150 267,715 477,137 22
May-13 1,940 1,490 1,920 24,889 393,131 672,303 22
Jun-13 1,980 1,670 1,720 34,477 528,876 966,936 19
Jul-13 1,740 1,120 1,120 39,032 633,985 848,808 23
Aug-13 1,500 960 1,490 41,005 883,004 1,082,001 17
Sep-13 1,670 1,260 1,270 42,086 794,744 1,163,598 21
Agriculture Index Nov-13 1,870 1,600 1,840 26,145 553,262 971,603 20
January 2012 - July 2016 Dec-13 2,050 1,740 1,930 24,982 511,934 970,207 19
60%
Jan-14 1,980 1,470 1,655 72,532 1,054,575 1,738,764 20
45% Feb-14 2,110 1,625 2,070 50,243 849,896 1,599,785 20
Mar-14 2,400 2,020 2,210 69,302 901,196 2,009,766 20
33.5%
30% Apr-14 2,480 2,120 2,450 56,810 770,823 1,800,557 20
May-14 2,465 2,185 2,310 43,233 459,812 1,076,352 18
15% Jun-14 2,400 2,175 2,315 40,198 381,878 874,975 21
Jul-14 2,315 1,995 2,100 55,975 494,979 1,073,280 18
Aug-14 2,150 1,855 1,870 67,017 593,511 1,193,758 20
-
Sep-14 1,930 1,715 1,900 61,978 713,775 1,330,095 22
Oct-14 1,980 1,735 1,945 54,897 498,181 933,410 23
-15%
-18.7% Nov-14 2,060 1,865 1,985 44,540 492,111 968,338 20
Dec-14 2,040 1,845 1,890 40,505 355,184 689,206 20
-30%
-39.6% Jan-15 2,070 1,805 1,840 45,212 435,491 844,838 21

-45% Feb-15 1,960 1,775 1,880 49,958 515,066 963,712 19
Mar-15 1,945 1,640 1,730 47,115 523,934 963,618 22
-60% Apr-15 1,745 1,370 1,425 50,810 534,502 841,066 21
Jun-15 1,780 1,515 1,555 34,739 346,699 577,961 21
Jul-15 1,685 1,315 1,355 30,607 291,516 453,815 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 1,425 910 1,080 36,766 333,486 390,385 20
Days 246 244 242 244 140 Dec-15 1,415 1,220 1,320 32,836 350,465 464,155 19
Price (Rupiah) Jan-16 1,480 1,210 1,425 31,138 331,930 434,693 20

High 3,150 2,525 2,480 2,070 1,840 Feb-16 1,535 1,335 1,430 30,818 272,850 394,239 20
Low 1,830 960 1,470 910 1,210 Mar-16 1,830 1,425 1,820 40,352 326,021 544,021 21
Close 2,300 1,930 1,890 1,320 1,405 Apr-16 1,840 1,525 1,535 35,945 291,909 489,531 21
Close* 2,300 1,930 1,890 1,320 1,405 May-16 1,595 1,405 1,450 37,132 304,739 460,051 20
Jun-16 1,595 1,330 1,380 38,753 346,859 506,016 22
PER (X) 13.98 17.11 13.84 14.45 48.76 Jul-16 1,535 1,345 1,405 41,610 503,283 723,939 16
PER Industry (X) 33.17 15.46 19.34 -6.37 9.28
PBV (X) 2.50 1.99 1.84 1.23 1.53

Cash & Cash Equivalents 1,799,137 1,401,395 1,356,532 737,114 472,595 10,000
Receivables 52,132 116,796 84,586 112,289 116,691

645,954 374,485 380,360 398,426 388,512 8,000
Inventories
Current Assets 2,593,816 1,999,126 1,863,506 1,268,557 1,133,005
6,000
Fixed Assets 2,229,928 2,776,825 3,238,752 3,427,971 3,473,807
Other Assets 61,331 63,000 127,552 239,021 242,739
4,000
Total Assets 7,551,796 7,974,876 8,655,146 8,848,792 8,692,473
Growth (%) 5.60% 8.53% 2.24% -1.77% 2,000
Current Liabilities 792,482 804,428 748,076 571,162 511,504 -

Growth (%) 6.98% 5.54% 5.19% -0.97%
7,219 7,196
Paid up Capital 682,286 682,286 682,286 682,286 682,286 6,614
6,280
Par Value 100 100 100 100 100
5,841

4,344
Total Equity 6,279,713 6,613,987 7,218,834 7,337,978 7,196,278

Growth (%) 5.32% 9.14% 1.65% -1.93% 2,847
Total Revenues 4,211,578 4,133,679 4,726,539 4,189,615 1,652,471

Growth (%) -1.85% 14.34% -11.36%
-147
2012 2013 2014 2015 Jun-16
Cost of Revenues 2,530,503 2,880,220 3,090,100 3,073,774 1,312,078

Gross Profit 1,681,075 1,253,459 1,636,439 1,115,841 340,393
Expenses (Income) 357,102 227,810 395,917 279,935 170,231
Operating Profit 1,323,973 1,025,649 1,240,522 835,906 170,162 4,727
-22.53% 20.95% -32.62% 4,212 4,134 4,190

4,727
Growth (%)
3,762
Other Income (Expenses) 48,110 -28,658 -51,591 -8,024 -22,796

Income before Tax 1,372,083 996,991 1,188,931 827,882 147,366 2,798
Tax 256,544 228,366 272,236 204,573 34,825

1,652
Profit for the period 1,115,539 768,625 916,695 623,309 112,541 1,834
Growth (%) -31.10% 19.26% -32.00%

870
Period Attributable 1,116,186 769,493 916,704 623,312 112,644 -95
Comprehensive Income 1,122,575 788,003 918,566 689,704 110,618 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 1,123,222 788,871 918,575 689,707 110,721
Current Ratio (%) 327.30 248.52 249.11 222.10 221.50
1,116
Dividend (Rp) 66.00 46.00 53.00 37.00 - 1,116
EPS (Rp) 163.60 112.78 134.36 91.36 16.51 917
BV (Rp) 920.39 969.39 1,058.04 1,075.50 1,054.73 888
769
DAR (X) 0.17 0.17 0.17 0.17 0.17 623
0.20 0.21 0.20 0.21 0.21
660
DER(X)
ROA (%) 14.77 9.64 10.59 7.04 1.29 433
ROE (%) 17.76 11.62 12.70 8.49 1.56

GPM (%) 39.92 30.32 34.62 26.63 20.60 205
113
OPM (%) 31.44 24.81 26.25 19.95 10.30
NPM (%) 26.49 18.59 19.39 14.88 6.81
-22
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 40.34 40.79 39.45 40.50 -
Yield (%) 2.87 2.38 2.80 2.80 -

COMPANY REPORT
MNCN
MEDIA NUSANTARA CITRA TBK.
Company Profile

PT Media Nusantara Citra Tbk. has core businesses in content and the ownership and
operations of 3 out of the 10 national FreeToAir televisions in Indonesia. MNC have 3
FreeToAir (FTA) TVs RCTI, MNCTV and GlobalTV as well as 16 channels created and
produced by MNC that is broadcasted on PayTV. Currently, MNC also have other media
based business that supports the core businesses of MNC. Those businesses consist of
radio,printmedia,talentmanagement,andaproductionhouse.MNCwasestablishedon
June17,1997.

ThescopeofCompany'sactivitiesistoengageingeneraltrading,construction,industrial,
agricultural, transportation, printing, multimedia through satellite and other
telecommunicationsperipheral,servicesandinvestments.

The Companyis part of Mediacom Group. The Company has ownership in the following
subsidiaries:
Broadcasting:
1. PTRajawaliCitraTelevisiIndonesia(RCTI)
2. PTGlobalInformasiBermutu
3. PTCiptaTelevisiPendidikanIndonesia(CTPI)
4. PTSunTelevisiNetwork(STN)andsubsidiaries
5. PTMNCNetworks(MNCN)andsubsidiaries
Printandonline:
1. PTMediaNusantaraInformasiandsubsidiary
2. PTMNIGlobal
3. PTMNIPublishinganditssubsidiary
4. PTOkezoneIndonesia(Okezone)
Advertisingagency:
1. PTCrossMediaInternasional(CMI)andsubsidiaries
Contentproduction:
1. PTMNCPictures
2. MNCInternationalMiddleEastLtd.
Talentmanagementandothers:
1. PTStarMediaNusantara
2. PTMNCLisensiInternational
3. PT.MNCMediaUtama

TheCompanystarteditscommercialoperationsinDecember2001.TheCompanyandits
subsidiarieshadatotalof8,215employeesasofJune30th,2016.
August 2016
Disclaimer:

MNCN MediaNusantaraCitraTbk.
Industry Sub Sector : Advertising, Printing And Media (95) Market Capitalization : 30,693,590,275,000
33 | 30.7T | 0.55% | 67.98%
38 | 9.10T | 0.66% | 72.83%

Established Date : 17-Jun-1997 1. PT Global Mediacom Tbk. 8,672,320,350 : 60.70%
Listing Date : 22-Jun-2007 2. Public (<5%) 5,603,768,150 : 39.30%
Under Writer IPO :
PT Bhakti Securities DIVIDEND ANNOUNCEMENT
PT Danareksa Sekuritas Bonus Cash Recording Payment
F/I
PT BSR Indonesia 2007 5.00 01-Dec-08 02-Dec-08 04-Dec-08 19-Dec-08 F
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 2009 5.00 02-Oct-09 05-Oct-09 07-Oct-09 21-Oct-09 I
Jln. K.H. Hasyim Ashari Jakarta 10150 2009 7.00 29-Nov-10 30-Nov-10 02-Dec-10 17-Dec-10 F
Phone : (021) 631-7828 2010 15.00 29-Nov-11 30-Nov-11 02-Dec-11 16-Dec-11 F
2012 55.00 06-Sep-13 09-Sep-13 11-Sep-13 25-Sep-13 F
BOARD OF COMMISSIONERS 2013 25.00 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
1. Rosano Barack 2013 35.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 F
2. Adam Chesnoff 2014 63.00 27-May-15 28-May-15 01-Jun-15 17-Jun-15 F
3. Bambang Rudijanto Tanoesoedibjo
4. Irman Gusman *) ISSUED HISTORY
5. Sutanto *) Listing Trading
*) Independent Commissioners No. Type of Listing Shares Date Date
1. First Issue 4,125,000,000 22-Jun-07 22-Jun-07
BOARD OF DIRECTORS 2. Company Listing 9,625,000,000 T: 22-Jun-07 : 22-Feb-08
1. Hary Tanoesoedibjo 3. EMSOP Conversion II 23,504,500 T: 29-Nov-10 : 06-Jan-11
2. Arya Mahendra Sinulingga 4. EMSOP Conversion II & III 52,960,500 T: 17-Feb-11 : 19-Jul-11
3. Charlie Kasim 5. EMSOP Conversion II, III & IV 37,076,500 T: 26-Jul-11 : 21-May-12
4. Diana Airin 6. EMSOP Conversion III & IV 3,988,000 04-Aug-11 04-Aug-11
5. Ella Kartika 7. EMSOP Conversion II, III, IV & V 79,965,500 T: 23-May-12 : 15-Jun-12
6. Faisal Dharma Setiawan 8. ESOP/MSOP Conversion II, III, IV & V 8,114,000 T: 22-Oct-12 : 19-Nov-12
7. Gwenarty Setiadi 9. ESOP/MSOP Conversion III, IV & V 517,500 T: 29-Oct-12 : 01-Nov-12
8. Kanti Mirdiati Imansyah 10. ESOP/MSOP Conversion III, IV, V & VI 143,344,500 T: 29-May-13 : 27-Nov-13
11. Revision ESOP/MSOP III, IV, V & VI -8,000 24-Jun-13 24-Jun-13
AUDIT COMMITTEE 12. ESOP/MSOP Conversion V & VI 176,625,500 T: 28-May-14 : 19-Nov-14
1. Sutanto
2. Hery Kusnanto
3. John Aristianto Prasetio
4. Mohamed Idwan Ganie
CORPORATE SECRETARY
I Made Ray Karuna Wijaya
HEAD OFFICE
MNC Tower 26th Fl.
Jln. Kebon Sirih Kav. 17 - 19
Jakarta 10340
Phone : (021) 390-0885
Fax : (021) 392-0109, 390-4965, 392-7859
Homepage : www.mncgroup.com
Email : ray.wijaya@mncgroup.com

MNCN Media Nusantara Citra Tbk.
TRADING ACTIVITIES
Media Nusantara Citra Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
3,800 400 Jan-12 1,400 1,270 1,350 31,240 804,498 1,057,519 21
Feb-12 1,670 1,350 1,670 39,530 805,338 1,203,976 21
3,325 350 Mar-12 1,980 1,640 1,880 58,505 1,174,895 2,121,799 21
Apr-12 2,250 1,830 2,250 31,437 517,956 1,015,824 20
May-12 2,350 1,760 1,850 32,759 769,427 1,560,239 21
2,850 300
Jun-12 2,200 1,650 1,990 45,066 627,127 1,195,392 21
Jul-12 2,425 1,930 2,375 29,540 419,081 903,152 22
2,375 250
Aug-12 2,350 2,050 2,125 15,701 279,093 617,221 19
Sep-12 2,600 2,100 2,600 22,091 414,742 969,614 20
1,900 200
Oct-12 2,875 2,575 2,825 30,045 412,681 1,129,092 22
Nov-12 2,825 2,300 2,675 46,576 863,864 2,162,569 20
1,425 150 Dec-12 2,750 2,350 2,500 23,808 439,992 1,130,358 18
950 100 Jan-13 2,650 2,275 2,375 34,386 642,003 1,559,472 21

Feb-13 2,975 2,300 2,950 26,895 380,307 980,432 20
475 50 Mar-13 3,275 2,750 2,825 30,497 358,184 1,053,598 19
Apr-13 3,275 2,850 3,125 25,671 1,047,479 2,498,012 22
May-13 3,675 3,025 3,350 40,792 827,156 2,754,723 22
Jun-13 3,350 2,425 3,125 52,067 641,136 1,868,702 19
Jul-13 3,375 2,650 3,100 37,323 386,505 1,188,245 23
Aug-13 3,375 2,350 2,950 40,251 459,397 1,292,266 17
Sep-13 3,375 2,700 2,700 37,027 594,473 1,829,040 21
Trade, Sevices and Investment Index Nov-13 2,725 2,325 2,675 39,727 547,552 1,370,696 20
January 2012 - July 2016 Dec-13 2,750 2,400 2,625 27,379 238,428 610,480 19
175%
Jan-14 2,650 2,180 2,235 58,448 341,933 821,125 20
150% Feb-14 2,535 2,200 2,535 46,230 333,935 789,549 20
Mar-14 2,850 2,470 2,630 49,623 301,730 791,129 20
125% Apr-14 2,940 2,600 2,715 44,177 294,985 809,448 20
May-14 2,830 2,585 2,830 32,371 190,004 514,792 18
100% Jun-14 2,900 2,605 2,760 30,902 153,671 427,351 21
Jul-14 2,800 2,550 2,615 41,980 222,941 590,045 18
Aug-14 2,980 2,640 2,805 40,202 189,092 537,696 20
75%
Sep-14 3,230 2,650 3,195 41,293 189,308 558,581 22
55.8% Oct-14 3,200 2,690 2,800 56,669 171,058 499,114 23
50%
46.3% Nov-14 2,820 2,265 2,405 64,961 382,816 934,593 20
33.5% Dec-14 2,555 2,180 2,540 60,432 309,297 746,815 20
25%
Jan-15 2,905 2,460 2,860 58,171 413,394 1,160,725 21

- Feb-15 3,150 2,800 3,150 88,106 421,290 1,283,964 19
Mar-15 3,160 2,725 2,865 75,423 367,509 1,087,081 22
-25% Apr-15 2,880 2,200 2,205 65,901 462,054 1,284,744 21
Jun-15 2,180 1,815 1,940 58,576 275,467 547,239 21
Jul-15 2,125 1,830 2,045 43,492 245,312 484,833 19
Days 246 244 242 244 140 Dec-15 1,925 1,635 1,855 36,738 153,831 273,103 19
Price (Rupiah) Jan-16 1,870 1,185 1,190 56,486 529,219 764,824 20

High 2,875 3,675 3,230 3,160 2,415 Feb-16 2,050 1,190 1,860 98,075 938,608 1,413,108 20
Low 1,270 2,275 2,180 1,410 1,185 Mar-16 2,220 1,810 2,180 89,938 622,524 1,274,909 21
Close 2,500 2,625 2,540 1,855 2,150 Apr-16 2,415 1,960 2,350 67,257 621,218 1,402,403 21
Close* 2,500 2,625 2,540 1,855 2,150 May-16 2,370 2,040 2,100 58,610 490,138 1,117,685 20
Jun-16 2,360 2,090 2,200 49,067 366,494 817,268 22
PER (X) 19.59 26.86 19.58 22.34 14.07 Jul-16 2,330 2,120 2,150 41,555 274,504 612,491 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 4.78 4.78 4.14 2.77 2.87

MNCN Media Nusantara Citra Tbk.
Cash & Cash Equivalents 528,415 574,761 1,132,001 306,810 1,349,135 15,000
Receivables 2,615,430 3,062,803 3,215,473 3,395,309 3,395,537

1,139,486 1,332,726 1,634,832 1,593,231 1,813,952 12,000
Inventories
Current Assets 6,766,799 6,811,828 8,670,175 7,726,851 7,725,258
9,000
Fixed Assets 985,995 1,542,677 2,659,203 4,145,497 4,563,107
Other Assets 38,494 56,382 530,609 78,920 76,207
6,000
Total Assets 8,960,942 9,615,280 13,609,033 14,474,557 14,766,829
Growth (%) 7.30% 41.54% 6.36% 2.02% 3,000
Current Liabilities 1,250,225 1,606,491 892,276 1,039,805 1,174,961 -

Long Term Liabilities 413,555 265,215 3,323,544 3,868,359 3,774,204 2012 2013 2014 2015 Jun-16
Growth (%) 12.50% 125.24% 16.42% 0.84%
9,393 9,566
Paid up Capital 1,395,613 1,409,946 1,427,609 1,427,609 1,427,609 9,818

7,297
Par Value 100 100 100 100 100
7,815

5,812
Total Equity 7,297,162 7,743,574 9,393,213 9,566,393 9,817,664

Growth (%) 6.12% 21.30% 1.84% 2.63% 3,809
Total Revenues 6,265,260 6,522,347 6,665,978 6,444,935 3,568,501

Growth (%) 4.10% 2.20% -3.32%
-196
2012 2013 2014 2015 Jun-16
Cost of Revenues 2,856,657 2,850,657 2,813,381 2,860,607 1,538,039

Gross Profit 3,408,603 2,850,657 3,852,597 3,584,328 2,030,462
Expenses (Income) 1,147,895 1,278,161 1,308,818 1,903,550 609,522
6,265 6,445
6,666
Growth (%)
5,306

3,569
Tax 497,689 583,687 660,347 403,810 347,360

Growth (%) 2.66% 4.07% -32.20%

1,227
Current Ratio (%) 541.25 424.02 971.69 743.11 657.49
1,883
1,763 1,810
Dividend (Rp) 55.00 60.00 63.00 - - 1,883
EPS (Rp) 118.74 119.95 123.42 83.05 70.20

BV (Rp) 522.86 549.21 657.97 670.10 687.70 1,499
1,277
DAR (X) 0.19 0.19 0.31 0.34 0.34 1,074
0.23 0.24 0.45 0.51 0.50
1,115
DER(X)
ROA (%) 19.67 18.82 13.84 8.82 7.27 731
ROE (%) 24.16 23.37 20.05 13.35 10.94

GPM (%) 54.40 43.71 57.79 55.61 56.90 347
OPM (%) - - - - -
NPM (%) 28.14 27.75 28.25 19.81 30.08
-38
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 46.32 50.02 51.04 - -
Yield (%) 2.20 2.29 2.48 - -

COMPANY REPORT
MPPA
MATAHARI PUTRA PRIMA TBK.
Company Profile

PTMatahariPutraPrimaTbk.wasestablishedonMarch11th,1986.TheCompanyoperates
achainofstoreswhichsellsuchitemsasdailyneeds.

The Company is domiciled at Menara Matahari 20th Floor, Boulevard Palem Raya No. 7,
LippoKarawaciTangerang,Banten.TheCompanystartedcommercialoperationsin1986.

TheCompanyhasaSubsidiary,PTMatahariSuperEkonomiwhichstarteditscommercial
operationin1994andengagedinretail,withownershipof99.2%.TheCompanyoperates
Hypermart, Foodmart and Boston Health& Beauty stores in 267 locations in Jakarta and
other cities in Indonesia. The Immediate Parent Company is PT Multipolar Tbk., which is
theCompanysmajorshareholder.TheUltimateParentoftheCompanyisLaniusLimited.

TheCompanyhadapproximately12,970employeesasatJune30th,2016.
August 2016
Disclaimer:

MPPA Matahari Putra Prima Tbk. [S]
Industry Sub Sector : Retail Trade (93) Market Capitalization : 9,330,765,458,000
90 | 9.33T | 0.17% | 84.89%
65 | 3.91T | 0.28% | 85.77%

Established Date : 11-Mar-1986 1. DBS Bank Ltd. S/A PT. Multipolar Tbk. 2,701,386,000 : 50.23%
Listing Date : 21-Dec-1992 2. DBS Bank Ltd. Sa Prime Star Inv. 1,402,947,000 : 26.09%
Under Writer IPO : 3. PT Multipolar Tbk. 5,108 : 0.00%
PT Jardine Fleming Nusantara 4. Public (<5%) 1,273,624,692 : 23.68%
PT Lippo Securities
PT Sharestar Indonesia Bonus Cash Recording Payment
F/I
Berita Satu Plasa 7th Fl. Year Shares Dividend Cum Date Ex Date Date Date
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 1993 1:2 100.00 06-Jun-94 07-Jun-94 14-Jun-94 14-Jul-94 F
Phone : (021) 527-7966 1994 35.00 27-Jun-95 28-Jun-95 06-Jul-95 04-Aug-95 F
1996 15.00 11-Jul-97 14-Jul-97 23-Jul-97 21-Aug-97 F
1. John Bellis 2000 31.00 18-Jun-01 19-Jun-01 22-Jun-01 06-Jul-01 F
2. Chua Siang Hwee, Jeffrey *) 2001 11.00 19-Apr-02 22-Apr-02 25-Apr-02 08-May-02 F
3. Johanes Jany 2002 12.00 10-Jun-03 11-Jun-03 13-Jun-03 27-Jun-03 F
4. John Riady 2003 13.00 14-Jun-04 15-Jun-04 17-Jun-04 01-Jul-04 F
5. Niel Nielson *) 2005 14.00 14-Jun-05 15-Jun-05 17-Jun-05 01-Jul-05
6. Theo L. Sambuaga 2005 25.00 25-Apr-06 26-Apr-06 28-Apr-06 12-May-06 F
7. William Travis Saucer *) 2006 10.40 22-May-07 23-May-07 25-May-07 08-Jun-07 I
*) Independent Commissioners 2007 11.50 15-Apr-08 16-Apr-08 18-Apr-08 05-May-08 I
2009 16.10 07-Jun-10 08-Jun-10 10-Jun-10 23-Jun-10 F
BOARD OF DIRECTORS 2010 180.00 23-Dec-10 27-Dec-10 29-Dec-10 10-Jan-11 I
1. Bunjamin Jonatan Mailool 2010 300.00 07-Mar-11 08-Mar-11 10-Mar-11 22-Mar-11 F
2. Carmelito Jimenez Regalado 2011 6.00 30-Apr-12 01-May-12 03-May-12 16-May-12 F
3. Ishak Kurniawan 2012 186.00 15-May-13 16-May-13 20-May-13 29-May-13 F
4. Lina Haryanti Latif 2013 186.00 05-May-14 06-May-14 08-May-14 19-May-14 F
5. Noel Trinder 2014 36.00 21-May-15 22-May-15 26-May-15 17-Jun-15 F
6. Widhayati Hendropurnomo 2015 7.00 01-Dec-15 02-Dec-15 04-Dec-15 23-Dec-15 I
2015 26.00 20-Apr-16 21-Apr-16 25-Apr-16 13-May-16 F
AUDIT COMMITTEE
1. William Travis Saucer ISSUED HISTORY
2. Ganesh Chander Grover Listing Trading
3. Utomo Santoso No. Type of Listing Shares Date Date
1. First Issue 8,700,000 21-Dec-92 21-Dec-92
CORPORATE SECRETARY 2. Company Listing 33,366,320 21-Dec-92 21-Dec-92
Danny Kojongian 3. CB Conversion 8,051,274 T: 19-Jul-93 : 17-Oct-94
4. Bonus Shares 100,215,406 15-Jul-94 15-Jul-94
HEAD OFFICE 5. Right Issue 4,110,590,000 T: 30-Jun-95 : 16-Feb-07
Menara Matahari- Lippo Life 20th Fl. 6. Stock Split 450,999,000 15-Sep-97 15-Sep-97
Jln. Boulevard Palem Raya 7 7. Warrant 864,624,800 T: 24-Sep-09 : 15-Jul-10
Lippo Karawaci 1200, Tangerang 15811 8. Delisted Treasury Stock -198,584,000 23-Jul-13 23-Jul-13
Phone : (021) 547-5478
Fax : (021) 547-5673
Homepage : www.mataharigroup.co.id
Email : danny.kojongian@hypermart.co.id

TRADING ACTIVITIES
Matahari Putra Prima Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,600 640 Jan-12 960 910 920 1,374 20,571 19,147 21
Feb-12 970 910 930 4,901 30,362 28,385 21
4,025 560 Mar-12 950 840 880 4,960 33,299 30,280 21
Apr-12 940 870 940 1,563 15,097 13,696 20
May-12 970 850 940 2,035 29,919 27,779 21
3,450 480
Jun-12 960 890 960 2,133 54,947 50,794 21
Jul-12 1,120 960 1,020 3,982 31,578 33,311 22
2,875 400
Aug-12 1,330 910 1,290 11,930 182,567 209,632 19
Sep-12 1,630 1,280 1,500 11,229 142,859 210,894 20
2,300 320
Oct-12 1,600 1,460 1,510 5,137 79,736 122,065 22
Nov-12 1,600 950 1,330 9,938 109,812 155,895 19
1,725 240 Dec-12 1,330 1,040 1,150 5,601 56,270 66,849 18
1,150 160 Jan-13 1,330 1,080 1,220 8,016 95,364 113,111 21

Feb-13 1,900 1,230 1,780 17,145 2,238,349 4,178,771 20
575 80 Mar-13 1,950 1,690 1,820 6,263 1,201,762 2,384,897 19
Apr-13 2,025 1,600 1,990 9,290 162,030 296,089 22
May-13 2,525 1,760 2,425 14,479 632,628 1,325,297 22
Jun-13 3,150 2,225 2,925 19,045 356,820 967,543 19
Jul-13 3,000 1,980 2,425 19,628 441,101 1,123,951 23
Aug-13 2,525 1,800 2,150 8,660 278,973 633,042 17
Sep-13 2,225 1,800 2,050 10,914 291,423 591,414 21
January 2012 - July 2016 Dec-13 2,050 1,840 1,940 10,218 491,440 952,824 19
385%
Jan-14 2,020 1,720 2,005 15,355 1,067,464 2,017,903 20
330% Feb-14 2,225 2,000 2,165 13,543 953,123 2,018,158 20
Mar-14 2,755 2,100 2,685 22,424 1,005,504 2,388,968 20
275% Apr-14 3,025 2,450 2,770 21,586 637,742 1,782,415 20
May-14 3,100 2,465 3,100 19,245 822,381 2,317,655 18
220% Jun-14 3,385 2,850 3,125 15,931 770,793 2,451,819 21
Jul-14 3,500 2,675 2,945 19,715 698,384 2,093,143 18
Aug-14 3,145 2,650 3,080 25,031 675,132 2,008,343 20
165%
Sep-14 3,500 3,005 3,150 24,841 1,183,344 3,816,651 22
Oct-14 3,345 2,650 3,145 39,355 1,012,928 3,059,473 23
110%
Nov-14 3,375 2,980 3,265 35,027 505,329 1,603,980 20
86.6%
Dec-14 3,665 3,050 3,050 30,107 457,043 1,547,231 20
55%
46.3%
33.5% Jan-15 3,985 2,825 3,800 52,197 965,027 3,152,305 21
- Feb-15 4,500 3,560 4,180 42,901 733,820 3,000,209 19
Mar-15 4,500 3,875 3,960 65,140 960,099 4,008,062 22
-55% Apr-15 4,190 3,620 3,960 48,681 152,376 590,738 21
Jun-15 3,750 2,950 2,950 41,366 97,328 323,499 21
Jul-15 3,135 2,700 2,900 46,401 100,334 295,593 19
Volume (Million Sh.) 787 7,158 9,789 3,867 1,396 Sep-15 2,450 1,825 1,920 22,446 68,227 150,491 21
Value (Billion Rp) 969 14,783 27,106 13,339 2,208 Oct-15 2,750 1,935 2,245 43,874 236,463 568,523 21
Days 245 244 242 244 140 Dec-15 1,955 1,530 1,825 37,179 171,643 300,349 19
Price (Rupiah) Jan-16 1,945 1,595 1,670 30,441 155,300 265,824 20

High 1,630 3,150 3,665 4,500 1,945 Feb-16 1,875 1,675 1,800 25,274 134,520 241,888 20
Low 840 1,080 1,720 1,530 1,185 Mar-16 1,865 1,575 1,620 44,892 259,270 437,417 21
Close 1,150 1,940 3,050 1,825 1,735 Apr-16 1,750 1,475 1,475 33,585 205,370 335,399 21
Close* 1,150 1,940 3,050 1,825 1,735 May-16 1,580 1,185 1,275 30,042 176,919 234,489 20
Jun-16 1,575 1,255 1,550 38,609 311,694 434,820 22
PER (X) 26.89 23.45 34.76 53.63 -265.77 Jul-16 1,865 1,475 1,735 22,489 152,461 258,007 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 1.67 3.17 6.19 3.54 4.22

Cash & Cash Equivalents 1,361,736 1,302,610 747,710 408,945 418,315 8,750
Receivables 43,338 414,042 383,264 673,879 756,803

1,670,574 2,273,548 2,655,023 2,758,970 3,231,647 7,000
Inventories
Current Assets 5,084,740 4,167,989 3,904,064 3,971,189 4,547,797
5,250
Fixed Assets 775,125 1,086,757 1,272,601 1,461,743 4,547,797
Other Assets 126,162 183,642 175,619 175,783 27,014
3,500
Total Assets 8,225,206 6,579,518 5,827,294 6,294,210 7,174,003
Growth (%) -20.01% -11.43% 8.01% 13.98% 1,750

Long Term Liabilities 1,663,526 247,118 228,978 703,907 903,244 2012 2013 2014 2015 Jun-16
Growth (%) -25.00% -9.31% 18.13% 29.57%
Paid up Capital 278,827 268,898 268,898 268,898 268,898 3,846
3,295
2,849 2,776
Par Value 50 50 50 50 50 2,615
3,061

2,277
Total Equity 3,845,754 3,294,970 2,848,686 2,775,594 2,615,026

Growth (%) -14.32% -13.54% -2.57% -5.78% 1,492
Total Revenues 10,868,164 11,912,763 13,590,405 13,928,859 7,001,072

Growth (%) 9.61% 14.08% 2.49%
-77
2012 2013 2014 2015 Jun-16
Cost of Revenues 8,970,603 10,023,943 11,235,948 11,572,378 5,869,475

Gross Profit 1,897,561 1,888,820 2,354,457 2,356,481 1,131,597
Expenses (Income) 1,555,054 1,300,345 1,642,796 2,087,857 1,129,105
Operating Profit 342,507 588,475 711,661 268,624 2,492 13,590 13,929
71.81% 20.93% -62.25%

13,929
Growth (%) 11,913

10,868
11,087
Other Income (Expenses) -44,418 -3,454 19,177 -35,578 -34,686

Income before Tax 298,089 585,021 730,838 233,046 -32,194 8,246
7,001
Tax 58,611 140,116 176,821 50,047 -11,453
Profit for the period 239,478 444,905 554,017 182,999 -20,741 5,404
Growth (%) 85.78% 24.52% -66.97%

2,563
Period Attributable 220,547 444,905 554,017 182,999 -20,741 -279
Comprehensive Income 238,448 444,905 554,017 178,334 -20,741 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 219,517 444,905 554,017 178,334 -20,741
Current Ratio (%) 187.22 137.22 141.99 141.09 124.40
554
Dividend (Rp) 186.00 186.00 36.00 33.00 - 554
EPS (Rp) 39.55 82.73 103.02 34.03 -3.86 445

BV (Rp) 689.63 612.68 529.70 516.11 486.25 439
DAR (X) 0.53 0.50 0.51 0.56 0.64

1.14 1.00 1.05 1.27 1.74
324
DER(X) 239
ROA (%) 2.91 6.76 9.51 2.91 -0.29 209
183
ROE (%) 6.23 13.50 19.45 6.59 -0.79
GPM (%) 17.46 15.86 17.32 16.92 16.16 94
3.15 4.94 5.24 1.93 0.04 Jun-16

OPM (%)
NPM (%) 2.20 3.73 4.08 1.31 -0.30
-21
2012 2013 2014 2015 -21

Payout Ratio (%) 470.30 224.83 34.95 96.98 -
Yield (%) 16.17 9.59 1.18 1.81 -

COMPANY REPORT
MYRX
HANSON INTERNATIONAL TBK.
Company Profile

PTHansonInternationalTbk.(formerlyPTHansonIndustriUtamaTbk.)wasestablishedon
July7th,1971.

TheCompanyismainlyengagedinindustry,generaltradeanddevelopment.TheCompany
starteditscommercialoperationin1997.TheCompanyscurrentactivityisonlyinvesting
initssubsidiaries.

Hanson establishing in the Property Sector. Hansonland PT Hanson International Tbk. is
emerging as Indonesias major property developer, with a landbank in excess of 3,000
hectaresinverystrategiclocationsingreaterJakarta.HansonlandisdedicatedtoBuilding
CitiesforLifeandtodeliverhighqualitypropertiestoitscustomers.

PTHansonInternationalTbk.,holdingcompanyalongwithitssubsidiarieshasmadesteady
progress in the development of land banks into residential and commercial areas. The
CompanyhassignedstrategicJointVentureagreementswithCiputraGroup,areputedand
established company to develop close to 500 hectares of land in Maja Raya, Greater
Jakarta.

TheCompanyhasalsosecuredJointVentureagreementswithaconsortiumofprominent
developers in Indonesia to develop 850 Hectares of land in Serpong. This would become
City of Future with all modern amenities. The Company partners with Pacific Millennium
Land is a consortium of prominent developers of Jakarta, who foresee Serpong as a
tremendous potential opportunity and are committed to develop a world class city. The
developers are experienced in building Seven Star and Five star Hotels, high rise
commercial and residential properties. Hanson has synergized with PML to develop
MillenniumCityinSerpongoveranareaof850Hectares.ThisstrategiclocationinSerpong
areawillbethemostsoughtafterlivingdestinationbecauseoftheexcellentinfrastructure,
schools,medicalfacilitiesandshoppingmalls.

ThetotalnumberofemployeesatJune30th,2016was7.
August 2016
Disclaimer:

MYRX HansonInternationalTbk.
Development Board Individual Index : 105.707
73 | 12.2T | 0.22% | 81.69%
8 | 36.7T | 2.65% | 38.16%

Established Date : 07-Jul-1971 1. Benny Tjokrosaputro 2,364,133,633 : 15.02%
Listing Date : 31-Oct-1990 2. PT ASABRI (Persero) 1,867,767,200 : 11.86%
PT Aseam Indonesia
PT PDFCI Securities DIVIDEND ANNOUNCEMENT
PT Sinar Mas Bonus Cash Recording Payment
F/I
PT Ficomindo Buana Registrar 1989 118.00 16-Jan-91 17-Jan-91 24-Jan-91 25-Feb-91 F
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28, 1990 50.00 16-Jan-91 17-Jan-91 24-Jan-91 25-Feb-91 I
Karet - Setiabudi, Jakarta 12920 1990 10 : 1 21-Jun-91 24-Jun-91 01-Jul-91 22-Jul-91 S
Phone : (021) 521-2316, 2317 1991 1:1 200.00 18-May-92 19-May-92 26-May-92 26-Jun-92 F
Fax : (021) 521-2320 1992 50.00 28-Apr-93 29-Apr-93 10-May-93 10-Jun-93 F
1995 10.00 23-Jul-96 24-Jul-96 01-Aug-96 30-Aug-96 F
BOARD OF COMMISSIONERS 1996 20.00 26-May-97 27-May-97 04-Jun-97 03-Jul-97 F
1. I Nyoman Tjager 1997 4:9 13-Nov-98 16-Nov-98 25-Nov-98 21-Dec-98 BS
2. Monang Situmeang
3. Venkata Ramana Tata *) ISSUED HISTORY
*) Independent Commissioners Listing Trading
BOARD OF DIRECTORS 1. First Issue 1,000,000 31-Oct-90 31-Oct-90
1. Benny Tjokrosaputro 2. Partial Listing 1,450,000 31-Oct-90 07-Nov-90
2. Adnan Tabrani 3. Bonus Shares 700,000 21-Feb-92 21-Feb-92
3. George Ignasius Ratulangi 4. Company Listing 4,550,000 18-Jun-92 18-Jun-92
4. Raden Agus Santosa 5. Bonus Shares 7,700,000 14-Aug-92 14-Aug-92
5. Rony Agung Suseno 6. Right Issue 92,400,000 29-Dec-97 29-Dec-97
7. Stock Split 107,800,000 02-Nov-98 02-Nov-98
AUDIT COMMITTEE 8. Bonus Shares 485,100,000 11-Jan-99 11-Jan-99
1. Venkata Ramana Tata 9. Additional Listing 4,513,705,164 11-Dec-02 11-Dec-02
2. Yunita Triana 10. Additional Listing without RI 633,540,016 13-Dec-12 13-Dec-12
11. Right Issues 8,362,728,216 02-Jan-14 02-Jan-14
CORPORATE SECRETARY 12. Additional Listing without RI 500,000,000 16-Dec-15 16-Dec-15
Rony Agung Suseno 13. Additional Listing without RI 143,614,500 30-Dec-15 30-Dec-15
14. Additional Listing without RI 889,552,339 06-Jan-16 06-Jan-16
HEAD OFFICE
Mayapada Tower 21st Fl.
Jln. Jend. Sudirman Kav. 28
Jakarta
Phone : (021) 521-3555
Fax : (021) 521-4555
Homepage : www.hanson.co.id
Email : rony@hanson.co.id

TRADING ACTIVITIES
Hanson International Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
1,000 1,600 Jan-12 350 285 290 7,387 1,005,802 289,296 21
Feb-12 320 270 290 5,128 563,616 157,582 21
875 1,400 Mar-12 305 260 285 2,003 738,606 175,471 21
Apr-12 285 260 275 1,993 395,979 107,179 20
May-12 275 230 250 2,342 527,954 131,285 21
750 1,200
Jun-12 280 210 280 2,303 467,025 108,595 21
Jul-12 280 210 235 1,634 358,980 76,410 22
625 1,000
Aug-12 235 200 215 1,881 252,690 56,326 19
Sep-12 235 205 235 1,764 332,787 72,641 20
500 800
Oct-12 235 200 225 4,545 642,986 144,560 22
Nov-12 305 210 265 32,912 1,439,036 363,772 20
375 600 Dec-12 300 245 285 77,433 1,651,379 440,048 18
250 400 Jan-13 320 260 315 87,950 1,803,276 483,087 21

Feb-13 440 315 440 114,729 2,942,086 1,071,247 20
125 200 Mar-13 510 410 510 38,068 1,968,622 835,915 19
Apr-13 510 450 490 30,119 1,858,711 874,265 22
May-13 630 470 630 29,777 2,058,740 1,058,741 22
Jun-13 740 610 740 32,980 2,247,657 1,427,005 19
Jul-13 740 610 630 30,767 1,833,184 1,194,730 23
Aug-13 640 550 580 17,268 1,302,136 774,395 17
Sep-13 670 550 560 25,322 2,073,031 1,212,263 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 600 520 530 19,065 1,771,312 982,315 21
Property, Real Estate and Bulding Construction Index Nov-13 540 500 500 15,384 1,328,809 704,556 20
January 2012 - July 2016 Dec-13 590 495 570 14,342 1,838,843 938,820 19
210%
Jan-14 615 520 595 30,182 1,513,524 829,800 20
180% Feb-14 605 565 600 33,198 1,709,521 968,617 20
167.2% Mar-14 680 575 670 35,590 1,902,399 1,121,541 20
150% Apr-14 670 590 620 36,945 2,413,894 1,409,251 20
138.7% May-14 670 600 625 26,991 1,385,837 849,269 18
120% Jun-14 665 605 605 126,341 2,157,050 1,307,572 21
Jul-14 635 575 625 102,581 3,118,104 1,824,044 18
Aug-14 680 600 665 92,688 2,244,923 1,298,751 20
90%
Sep-14 695 590 620 88,381 3,486,173 2,151,596 22
Oct-14 635 600 620 73,817 2,536,871 1,545,151 23
60%
Nov-14 710 615 690 67,495 3,091,209 1,796,035 20
Dec-14 695 645 695 47,966 1,950,424 1,290,320 20
30% 33.5%
Jan-15 720 650 710 38,282 1,701,983 1,066,302 21

- Feb-15 775 695 755 89,953 1,505,853 1,060,692 19
Mar-15 785 735 755 76,400 1,888,313 1,392,377 22
-30% Apr-15 755 705 710 55,146 1,356,293 981,428 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 780 705 780 66,636 1,730,755 1,247,310 19
Jun-15 770 469 740 82,737 2,666,721 1,796,143 21
Jul-15 745 700 715 45,087 1,231,383 877,347 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 720 625 720 52,202 2,204,681 1,513,002 20
Volume (Million Sh.) 8,377 23,026 27,510 33,581 30,334 Sep-15 730 670 695 58,029 2,938,886 2,019,706 21
Frequency (Thou. X) 141 456 762 711 233 Nov-15 695 635 655 68,064 5,149,621 3,398,221 21
Days 246 244 242 244 140 Dec-15 685 595 635 18,682 6,833,162 4,280,684 19
Price (Rupiah) Jan-16 700 600 670 23,562 4,758,101 2,934,954 20

High 350 740 710 785 920 Feb-16 920 650 855 29,817 3,494,048 2,574,432 20
Low 200 260 520 469 600 Mar-16 850 780 805 28,042 3,689,544 2,877,165 21
Close 285 570 695 635 775 Apr-16 835 780 810 40,405 4,617,569 3,607,729 21
Close* 285 570 695 635 775 May-16 810 760 765 40,449 4,317,393 3,286,056 20
Jun-16 835 745 785 43,783 5,584,822 4,320,872 22
PER (X) 11.28 313.21 -2,376.29 475.77 19.87 Jul-16 805 755 775 26,477 3,872,905 2,919,991 16
PER Industry (X) 19.08 15.42 22.13 14.53 18.64
PBV (X) 6.58 0.68 2.03 1.49 2.02

Cash & Cash Equivalents 2,085 60,289 34,753 313,664 402,493 8,750
Receivables 48,982 18,446 56,270 131,568 909,526

86,229 4,037 773 471,368 260,104 7,000
Inventories
Current Assets 290,289 108,575 328,835 909,782 1,632,866
5,250
Fixed Assets 279,138 272,367 269,168 2,021 2,493
Other Assets 24,289 23,089 22,489 929 -
3,500
Total Assets 1,058,983 5,335,863 5,414,788 8,298,895 8,328,312
Growth (%) 403.87% 1.48% 53.26% 0.35% 1,750
Current Liabilities 784,182 358,600 476,405 954,757 1,478,998 -

Long Term Liabilities 106,662 96,186 76,449 1,022,294 574,688 2012 2013 2014 2015 Jun-16
Total Liabilities 890,844 454,786 552,854 1,977,051 2,053,686
Growth (%) -48.95% 21.56% 257.61% 3.88%
Paid up Capital 846,858 1,836,450 1,836,340 1,976,571 2,005,095 6,322
Paid up Capital (Shares) 5,214 14,211 14,211 15,332 15,744 4,881 4,862
Par Value 500 & 110 500 & 110 500 & 110 500 & 110 500 & 110
5,032
Retained Earnings -1,161,531 -1,150,889 -1,154,006 -1,127,590 -808,732

3,743
Total Equity 168,139 4,881,077 4,861,934 6,321,844 6,274,626

Growth (%) 2,803.01% -0.39% 30.03% -0.75% 2,453
168
Total Revenues 117,924 170,002 135,409 81,858 856,776
Growth (%) 44.16% -20.35% -39.55%
-126
2012 2013 2014 2015 Jun-16
Cost of Revenues 37,270 140,205 73,589 52,440 385,466

Gross Profit 80,654 29,796 61,820 29,417 471,309
Expenses (Income) 59,913 -56,502 24,501 54,978 39,567
Operating Profit 20,741 86,298 37,319 -25,560 431,742 857
Growth (%) 316.07% -56.76% N/A

857
682

Income before Tax -13,186 13,105 1,748 -55,814 360,947 507
Tax 8,726 12,861 377 40 42,839

Profit for the period -21,912 245 1,371 14,494 318,108
332
170
Growth (%) N/A 460.18% 957.54% 118 135
158
82
Period Attributable -30,335 10,642 3,117 19,826 318,858 -17
Comprehensive Income 97,653 -119,320 1,371 14,481 318,108 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 89,229 -108,922 -3,117 19,813 318,858
Current Ratio (%) 37.02 30.28 69.02 95.29 110.40
318
Dividend (Rp) - - - - -
EPS (Rp) -5.82 0.75 0.22 1.29 20.25
BV (Rp) 32.25 343.48 342.13 412.34 398.54 250
DAR (X) 0.84 0.09 0.10 0.24 0.25

5.30 0.09 0.11 0.31 0.33
182
DER(X)
ROA (%) -2.07 0.00 0.03 0.17 3.82 114
ROE (%) -13.03 0.01 0.03 0.23 5.07

GPM (%) 68.39 17.53 45.65 35.94 55.01 46
14
2012 0.2 1.4
OPM (%) 17.59 50.76 27.56 -31.23 50.39
NPM (%) -18.58 0.14 1.01 17.71 37.13 2013 2014 2015 Jun-16
-22
-22
Payout Ratio (%) - - - - -
Yield (%) - - - - -

COMPANY REPORT
PGAS
PERUSAHAAN GAS NEGARA
(PERSERO) TBK.
Company Profile
PTPerusahaanGasNegara(Persero)Tbk.wasestablishedin1859.OnMay13th,1965,theCompany
wasstatedasstateownedenterpriseandknownasPerusahaanNegaraGas(PN.Gas).

ThestatusoftheCompanywaschangedfromapublicserviceenterprise(Perum)toastateowned
limited liability company (Persero) and the name was changed to PT Perusahaan Gas Negara
(Persero)basedonGovernmentRegulationNo.37year1994.

The Companys purposes are to implement and support the Governments economic and national
developmentprograms,particularlyindevelopingusesofnaturalgasforthebenefitofthepublicas
well as in the supply of a sufficient volume and quality of gas for public consumption. To achieve
these objectives, the Company carries out planning, construction, operating and development of
natural gas downstream business which includes processing, transporting, storing and trading,
planning, construction, production development, supplying and distribution of processed gas; or
other businesses which support the foregoing activities in accordance with prevailing laws and
regulations. Currently, the Companys principal business was the distribution and transmission of
naturalgastoindustrial,commercialandhouseholdusers.

To achieve responsivesales target, the Company has divided its business areas into three Regional
Distribution(RD)andoneRegionalTransmission(RT),asfollows:
1. RegionalDistributionI,coversWesternJavaRegionuntilSouthSumatera,
2. RegionalDistributionII,coversEasternJavaRegion,
3. RegionalDistributionIII,coversNorthernSumateraRegionandtheRiauIslands,
4. RegionalTransmissioncoversSumateraJavaRegion.

TheCompanycommencedtheconstructionofSouthSumateraWestJavagastransmissionIandII
willexpectedopereatingmaximumcapacityof460mmscfdand520mmscfd(unaudited).

Thecompanyhasownershipinsubsidiaries:PTPGASTelekomunikasiNusantara,PTPGASSolution,
PT Saka Energi Indonesia, PT Gagas Energi Indonesia, PT PGN LNG Indonesia, PT Permata Graha
Nusantara.AsofMarch31st,2016,theCompanyandSubsidiarieshadatotalof2,298employees.

August 2016
Disclaimer:
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 publicat

PGAS Perusahaan Gas Negara (Persero) Tbk. [S]
Industry Sub Sector : Energy (71) Market Capitalization : 79,754,561,964,840
11 | 79.8T | 1.42% | 49.55%
9 | 33.5T | 2.42% | 40.58%

Established Date : 01-Feb-1905 1. Negara Republik Indonesia 13,809,038,756 : 56.96%
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia Bonus Cash Recording Payment
F/I
Wisma Sudirman - Puri Datindo 2004 1.71 23-Dec-04 27-Dec-04 29-Dec-04 30-Dec-04 I
2008 41.74 15-Jul-09 16-Jul-09 21-Jul-09 04-Aug-09 F
BOARD OF COMMISSIONERS 2009 10.00 08-Dec-09 09-Dec-09 11-Dec-09 23-Dec-09 I
1. Fajar Harry Sampurno 2009 144.20 08-Jul-10 09-Jul-10 13-Jul-10 27-Jul-10 F
2. IGN Wiratmaja Puja 2010 10.20 27-Dec-10 28-Dec-10 30-Dec-10 04-Jan-11 I
3. Kiswodarmawan *) 2010 144.24 19-Jul-11 20-Jul-11 22-Jul-11 04-Aug-11 F
4. Mohamad Ikhsan 2011 10.87 30-Nov-11 01-Dec-11 05-Dec-11 16-Dec-11 I
5. Paiman Rahardjo *) 2011 123.75 12-Jun-12 13-Jun-12 15-Jun-12 29-Jun-12 F
6. Tirta Hidayat 2012 202.77 10-May-13 13-May-13 15-May-13 29-May-13 F
*) Independent Commissioners 2013 210.40 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
BOARD OF DIRECTORS ISSUED HISTORY

1. Hendi Prio Santoso Listing Trading
2. Danny Praditya No. Type of Listing Shares Date Date
3. Dilo Seno Widagdo 1. First Issue 1,296,296,000 15-Dec-03 15-Dec-03
4. Hendi Kusnadi 2. Company Listing 3,024,691,000 T: 15-Dec-03 : 15-Jun-04
5. Muhammad Wahid Sutopo 3. MSOP Conversion 215,637,305 T: 13-Dec-04 : 28-Dec-06
6. Nusantara Suyono 4. MSOP Conversion II 3,261,500 T: 10-Nov-06 : 16-Feb-07
5. ESOP Conversion 53,551,388 T: 18-Jan-08 : 19-Feb-08
AUDIT COMMITTEE 6. Stock Split 18,373,748,772 04-Aug-08 04-Aug-08
1. Paiman Rahardjo 7. Government Project Fund Conversion 1,274,322,231 T: 16-Apr-09 : 16-Oct-09
2. Kurnia Sari Dewi
3. Mohamad Slamet Wibowo
4. Yovita Lasti Handini
CORPORATE SECRETARY
Heri Yusup
HEAD OFFICE
Jln. K.H. Zainul Arifin No. 20
Jakarta - 11140
Phone : (021) 633-4838
Fax : (021) 633-1632
Homepage : www.pgn.co.id
Email : heri.yusup@pgn.co.id

TRADING ACTIVITIES
Perusahaan Gas Negara (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
6,400 400 Jan-12 3,500 3,050 3,375 27,122 470,932 1,557,024 21
Feb-12 3,775 3,300 3,750 27,960 535,228 1,895,258 21
5,600 350 Mar-12 3,850 3,575 3,800 25,231 392,942 1,470,645 21
Apr-12 3,825 3,300 3,350 24,434 465,723 1,652,881 20
May-12 4,000 3,350 3,700 34,239 905,887 3,409,283 21
4,800 300
Jun-12 3,700 3,275 3,525 31,672 804,437 2,822,960 21
Jul-12 3,825 3,475 3,800 29,674 632,860 2,324,863 22
4,000 250
Aug-12 3,825 3,600 3,700 21,472 493,571 1,824,200 19
Sep-12 4,200 3,675 4,125 23,478 639,777 2,546,133 20
3,200 200
Oct-12 4,650 4,025 4,650 24,945 723,985 3,145,063 22
Nov-12 4,800 4,450 4,525 27,061 648,018 2,967,230 20
2,400 150 Dec-12 4,650 4,375 4,600 21,842 477,616 2,171,383 18
1,600 100 Jan-13 4,725 4,450 4,675 33,296 535,744 2,462,840 21

Feb-13 4,875 4,575 4,800 27,481 517,665 2,446,564 20
800 50 Mar-13 6,100 4,850 5,950 37,631 684,572 3,657,960 19
Apr-13 6,350 5,550 6,250 29,703 573,930 3,376,638 22
May-13 6,450 5,500 5,500 39,143 655,792 4,013,862 22
Jun-13 5,800 4,600 5,750 59,111 873,388 4,642,986 19
Jul-13 6,050 5,350 5,900 50,191 572,520 3,265,952 23
Aug-13 6,000 4,875 5,400 38,726 416,560 2,206,294 17
Sep-13 5,600 4,975 5,200 48,396 718,169 3,806,937 21
Infrastructure, Utilities and Transportation Index Nov-13 5,100 4,450 4,850 53,784 531,321 2,588,151 20
January 2012 - July 2016 Dec-13 4,950 4,375 4,475 37,139 414,903 1,956,824 19
120%
Jan-14 4,780 4,120 4,770 106,143 731,381 3,299,365 20
100% Feb-14 5,075 4,660 4,900 61,662 432,426 2,115,770 20
Mar-14 5,350 4,850 5,125 73,931 547,714 2,773,081 20
80% Apr-14 5,575 5,100 5,325 62,511 494,101 2,620,377 20
May-14 5,800 5,250 5,425 39,910 403,160 2,219,449 18
66.3%
60% Jun-14 5,575 5,200 5,575 46,024 388,534 2,098,889 21
Jul-14 6,125 5,400 5,900 53,554 391,901 2,259,475 18
Aug-14 6,100 5,700 5,800 53,579 296,364 1,739,898 20
40%
33.5% Sep-14 6,100 5,825 6,000 55,429 355,364 2,126,646 22
Oct-14 6,075 5,600 5,950 58,653 516,524 3,001,773 23
20%
Nov-14 6,225 5,825 5,950 44,381 382,941 2,307,438 20
Dec-14 6,075 5,775 6,000 56,406 424,716 2,521,726 20
- 2.8%
Jan-15 6,050 4,995 5,050 92,906 887,651 4,816,967 21

-20% Feb-15 5,500 5,050 5,200 66,654 624,549 3,312,449 19
Mar-15 5,400 4,600 4,800 96,871 782,389 3,975,099 22
-40% Apr-15 4,890 4,100 4,100 121,106 952,937 4,338,820 21
Jun-15 4,390 4,155 4,315 82,956 429,183 1,834,395 21
Jul-15 4,350 3,900 4,000 63,869 386,941 1,600,087 19
Volume (Million Sh.) 7,191 7,074 5,365 9,592 7,606 Sep-15 2,965 2,150 2,530 168,748 1,736,188 4,599,265 21
Frequency (Thou. X) 319 505 712 1,230 683 Nov-15 3,080 2,560 2,655 94,906 782,374 2,261,286 21
Days 246 244 242 244 140 Dec-15 2,915 2,305 2,745 96,859 569,389 1,521,635 19
Price (Rupiah) Jan-16 2,770 2,350 2,405 96,049 607,085 1,517,643 20

High 4,800 6,450 6,225 6,050 3,440 Feb-16 2,720 2,365 2,635 83,348 1,011,133 2,548,238 20
Low 3,050 4,375 4,120 2,150 2,170 Mar-16 2,760 2,585 2,615 91,592 1,160,564 3,080,358 21
Close 4,600 4,475 6,000 2,745 3,290 Apr-16 2,860 2,555 2,620 115,718 1,454,665 3,904,125 21
Close* 4,600 4,475 6,000 2,745 3,290 May-16 2,620 2,170 2,480 88,312 835,314 2,007,454 20
Jun-16 2,560 2,270 2,340 71,250 675,312 1,651,499 22
PER (X) 12.61 10.27 15.09 12.02 15.19 Jul-16 3,440 2,340 3,290 137,007 1,862,286 5,379,890 16
PER Industry (X) 17.53 12.11 20.04 9.49 11.42
PBV (X) 4.90 3.24 4.24 1.60 1.95

Receivables 2,550,177 3,875,102 5,125,490 5,675,984 5,439,372

23,644 179,329 812,909 636,891 541,189 80,000
Inventories
Current Assets 19,183,520 21,847,077 23,141,099 25,247,134 22,537,972
60,000
Fixed Assets 16,378,657 22,542,829 30,904,599 28,269,719 24,864,494
Other Assets 21,425 50,620 97,582 85,452 78,029
40,000
Total Assets 37,791,930 53,536,157 77,295,913 95,197,541 86,160,770
Growth (%) 41.66% 44.38% 23.16% -9.49% 20,000

Growth (%) 33.63% 101.50% 25.82% -8.86%
Paid up Capital 2,424,151 2,424,151 2,424,151 2,424,151 2,424,151 44,305
39,777
24,242 24,242 24,242 24,242 24,242 36,849
Paid up Capital (Shares)
33,463
Par Value 100 100 100 100 100
35,267

26,229
22,771
Total Equity 22,770,838 33,463,069 36,848,736 44,305,239 39,777,406
Growth (%) 46.96% 10.12% 20.24% -10.22% 17,190
Total Revenues 24,914,688 36,828,609 42,389,226 44,979,267 18,968,897

Growth (%) 47.82% 15.10% 6.11%
-886
2012 2013 2014 2015 Jun-16
Cost of Revenues 10,676,664 19,429,817 24,172,867 30,862,955 13,089,364

Gross Profit 14,238,024 17,398,792 18,216,359 14,116,312 5,879,533
Expenses (Income) 4,389,290 5,942,474 6,003,474 5,827,914 2,425,734
42,389
16.32% 6.60% -32.13%
44,979
Growth (%) 36,829

35,803
Other Income (Expenses) 1,255,405 2,348,434 -40,958 -1,793,392 -1,102,792

24,915
Tax 2,253,611 2,836,789 2,873,884 591,768 310,303 18,969

17,452
Growth (%) 23.92% -15.23% -36.51%

8,276
Current Ratio (%) 419.63 201.01 170.62 258.13 265.38
10,968
Dividend (Rp) 202.77 210.40 - - - 10,968
9,298
EPS (Rp) 355.38 435.56 370.78 242.58 82.89 8,851
BV (Rp) 939.33 1,380.40 1,520.07 1,827.66 1,640.88 8,730
DAR (X) 0.40 0.37 0.52 0.53 0.54 5,903

0.66 0.60 1.10 1.15 1.17
6,493
DER(X)
ROA (%) 23.42 20.49 12.03 6.20 2.37 4,256
ROE (%) 38.87 32.78 25.23 13.32 5.13 2,041

GPM (%) 57.15 47.24 42.97 31.38 31.00 2,018
OPM (%) 39.53 31.11 28.81 18.43 18.21

NPM (%) 35.52 29.78 21.93 13.12 10.76
-219
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 57.06 48.31 - - -
Yield (%) 4.41 4.70 - - -

COMPANY REPORT
PTBA
TAMBANG BATUBARA
BUKIT ASAM (PERSERO) TBK.
Company Profile

PT Tambang Batubara Bukit Asam (Persero) Tbk. was established on March 2, 1981. In
1993, the Company was appointed by the Indonesian Government to develop a Coal
BriquetteOperatingUnit.

ThescopeofactivitiesoftheCompanyanditssubsidiariescomprisescoalminingactivities,
including general surveying, exploration, exploitation, processing, refining, transportation
and trading, maintenance of special coal port facilities for internal and external needs,
operationofsteampowerplantsforinternalandexternalneedsandprovidingconsulting
servicesrelatedtothecoalminingindustryaswellasitsderivativeproducts.

Thecompanyhasdirectownershipinsubsidiaries:
PTBukitAsamPrima,
PTInternationalPrimaCoal,
PTBukitAsamMetanaOmbilin,
PTBukitAsamMetanaEnim,
PTBukitAsamMetanaPeranap,
PTBukitAsamBanko,
PTBukitMultiInvestama,
PTBukitEnergiInvestama.

TheCompanyhasanownershipinterestinthefollowingjointventureentities:
PT Bukit Pembangkit Innovative, Tanjung Enim Sumatera Selatan, Independent
power,
PTBukitAsamTranspacificRailway,Jakarta,Coaltransportationservices,
PTHuadianBukitAsamPower,TanjungEnim,SumateraSelatan,Independent
powerproducer.

AsofJune30th,2016,theCompanyhadatotalof2,535permanentemployees.
August 2016
Disclaimer:

PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S]
Industry Sub Sector : Coal Mining (21) Market Capitalization : 22,695,698,722,500
45 | 22.7T | 0.40% | 73.47%
44 | 8.42T | 0.61% | 76.68%

Listing Date : 23-Dec-2002 2. PT Tambang Batu Bara Bukit Asam (Persero) Tbk. 196,056,700 : 8.51%
Under Writer IPO : 3. Public (<5%) 609,987,650 : 26.47%
PT Danareksa Sekuritas
PT Datindo Entrycom Bonus Cash Recording Payment
F/I
Wisma Sudirman - Puri Datindo Year Shares Dividend Cum Date Ex Date Date Date
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2002 41.75 21-May-03 22-May-03 26-May-03 27-May-03 F
Fax : (021) 570-9026 2004 5.80 22-Dec-04 23-Dec-04 28-Dec-04 29-Dec-04 I
2005 87.48 05-Jul-05 06-Jul-05 08-Jul-05 22-Jul-05
BOARD OF COMMISSIONERS 2005 101.54 02-Jun-06 05-Jun-06 07-Jun-06 16-Jun-06 F
1. Agus Suhartono *) 2006 105.39 29-May-07 30-May-07 04-Jun-07 15-Jun-07 I
2. Leonard 2007 164.97 18-Jun-08 19-Jun-08 23-Jun-08 07-Jul-08 F
3. Muhammad Said Didu 2009 66.75 25-Nov-09 26-Nov-09 01-Dec-09 15-Dec-09 I
4. Robert Heri 2009 466.65 26-May-10 27-May-10 01-Jun-10 15-Jun-10 F
5. S. Koesnaryo *) 2010 66.75 20-Dec-10 21-Dec-10 23-Dec-10 29-Dec-10 I
6. Seger Budiarjo 2010 456.37 04-Jul-11 05-Jul-11 07-Jul-11 21-Jul-11 F
*) Independent Commissioners 2011 103.46 28-Nov-11 29-Nov-11 01-Dec-11 15-Dec-11 I
2011 700.48 29-May-12 30-May-12 01-Jun-12 15-Jun-12 F
BOARD OF DIRECTORS 2012 720.75 20-May-13 21-May-13 23-May-13 07-Jun-13 F
1. Milawarma 2013 461.97 28-Apr-14 29-Apr-14 02-May-14 16-May-14 F
2. Achmad Sudarto 2014 324.57 07-Apr-15 08-Apr-15 10-Apr-15 30-Apr-15 I
3. Anung Dri Prasetya 2015 289.73 21-Apr-16 22-Apr-16 26-Apr-16 18-May-16 F
4. Heri Supriyanto
5. M. Jamil ISSUED HISTORY
6. Maizal Gazali Listing Trading
AUDIT COMMITTEE 1. First Issue 346,500,000 23-Dec-02 23-Dec-02
1. S. Koesnaryo 2. Company Listing 1,785,000,000 23-Dec-02 23-Dec-02
2. Ai Supardini 3. Warrant 172,631,850 T: 14-Dec-04 : 28-Dec-05
3. Barlian Dwinagara
4. Seger Budiarjo
CORPORATE SECRETARY
Adib Ubaidillah
HEAD OFFICE
Menara Kadin Indonesia 15th Fl. & 9th Fl.
Jln. H.R. Rasuna Said X-5, Kav. 2 & 3
Jakarta 12950
Phone : (021) 525-4014
Fax : (021) 525-4002
Homepage : www.ptba.com
Email : jpramono@bukitasam.co.id

TRADING ACTIVITIES
Tambang Batubara Bukit Asam (Persero) Closing Price Freq. Volume Value
Day
Closing Volume
22,000 72.0 Jan-12 20,250 17,300 20,150 15,251 52,009 999,520 21
Feb-12 21,150 19,900 20,750 13,083 79,652 1,651,883 21
19,250 63.0 Mar-12 21,100 20,050 20,500 12,467 60,156 1,240,929 21
Apr-12 20,600 18,000 18,450 14,159 52,472 1,012,647 20
May-12 18,550 15,000 15,000 19,856 67,653 1,133,883 21
16,500 54.0
Jun-12 15,250 12,950 14,650 25,436 108,437 1,509,872 21
Jul-12 16,450 14,450 15,900 17,145 46,768 723,145 22
13,750 45.0
Aug-12 16,000 13,500 14,600 13,578 48,346 720,762 19
Sep-12 17,000 13,800 16,200 16,341 61,071 953,500 20
11,000 36.0
Oct-12 16,900 15,550 16,000 10,502 41,017 668,623 22
Nov-12 16,900 13,800 14,000 14,844 36,151 564,858 20
8,250 27.0 Dec-12 16,000 13,650 15,100 16,876 51,945 774,274 18
5,500 18.0 Jan-13 17,000 15,250 15,500 18,751 48,043 775,403 21

Feb-13 15,800 14,700 15,100 15,553 36,334 556,775 20
2,750 9.0 Mar-13 15,550 13,500 14,400 15,521 51,161 758,208 19
Apr-13 15,500 14,550 15,250 13,609 73,416 1,119,626 22
May-13 15,650 12,100 12,200 20,997 103,759 1,496,445 22
Jun-13 13,350 11,200 13,300 28,007 64,863 795,670 19
Jul-13 13,700 9,700 9,950 18,764 40,845 481,465 23
Aug-13 12,650 9,900 12,100 16,624 45,370 515,876 17
Sep-13 14,150 12,000 12,750 14,849 40,865 540,723 21
Mining Index Nov-13 12,750 11,500 12,000 24,137 70,921 852,812 20
January 2012 - July 2016 Dec-13 12,100 10,150 10,200 14,770 52,142 590,411 19
60%
Jan-14 10,600 8,975 9,250 44,679 108,649 1,027,710 20
40% Feb-14 9,750 9,100 9,575 32,839 63,663 597,991 20
33.5% Mar-14 9,650 9,125 9,325 31,705 71,519 681,021 20
20% Apr-14 10,375 9,275 9,875 37,927 93,241 911,383 20
May-14 11,900 9,650 10,700 38,397 110,174 1,171,293 18
- Jun-14 11,550 10,250 10,725 33,290 72,603 794,402 21
Jul-14 11,700 10,350 11,650 27,074 46,806 522,367 18
Aug-14 13,900 11,450 13,350 44,905 84,949 1,111,304 20
-20%
Sep-14 14,150 12,600 13,200 42,360 51,496 687,303 22
Oct-14 13,625 11,100 12,950 42,019 46,227 578,241 23
-40%
-46.3% Nov-14 13,575 11,875 13,150 24,797 40,529 519,174 20
-54.7% Dec-14 13,650 12,200 12,500 30,786 39,684 519,559 20
-60%
Jan-15 12,525 10,100 11,375 41,254 60,844 690,666 21

-80% Feb-15 11,725 10,350 10,675 36,099 55,708 616,697 19
Mar-15 11,250 10,150 10,750 36,562 57,946 619,774 22
-100% Apr-15 11,175 9,350 9,350 27,080 36,037 394,197 21
Jun-15 9,950 8,250 8,400 30,956 42,212 390,524 21
Jul-15 8,475 6,000 6,000 35,339 60,945 426,944 19
Days 246 244 242 244 140 Dec-15 5,800 4,305 4,525 76,121 143,545 708,778 19
Price (Rupiah) Jan-16 4,610 4,150 4,450 44,672 60,404 267,843 20

High 21,150 17,000 14,150 12,525 10,375 Feb-16 5,475 4,295 5,075 55,758 109,081 530,510 20
Low 12,950 9,700 8,975 4,305 4,150 Mar-16 7,225 5,075 6,275 60,540 157,836 1,005,316 21
Close 15,100 10,200 12,500 4,525 9,850 Apr-16 7,800 6,125 7,050 52,267 135,945 964,444 21
Close* 15,100 10,200 12,500 4,525 9,850 May-16 7,250 6,125 6,375 36,670 78,690 531,329 20
Jun-16 8,300 6,425 7,700 49,476 114,910 891,749 22
PER (X) 15.33 12.87 13.65 5.12 15.66 Jul-16 10,375 7,650 9,850 39,970 80,512 761,313 16
PER Industry (X) 8.49 20.76 3.23 0.60 1.41
PBV (X) 4.09 3.11 3.53 1.12 2.42

Receivables 1,545,556 1,427,572 1,439,401 1,595,580 1,694,776

765,964 901,952 1,033,360 1,233,175 934,471 14,000
Inventories
Current Assets 8,718,297 6,479,783 7,416,805 7,598,476 6,741,083
10,500
Fixed Assets 1,853,447 2,803,393 3,987,565 5,579,117 5,915,151
Other Assets 97,886 119,746 119,719 102,318 65,804
7,000
Total Assets 12,728,981 11,677,155 14,812,023 16,894,043 16,626,258
Growth (%) -8.26% 26.85% 14.06% -1.59% 3,500

Growth (%) -2.33% 48.86% 23.86% -2.43%
Paid up Capital 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066 9,288
8,505 8,671
Par Value 500 500 500 500 500

7,393

5,498
Total Equity 8,505,169 7,551,569 8,670,842 9,287,547 9,204,442

Growth (%) -11.21% 14.82% 7.11% -0.89% 3,604
Total Revenues 11,594,057 11,209,219 13,077,962 13,733,627 6,758,473

Growth (%) -3.32% 16.67% 5.01%
-186
2012 2013 2014 2015 Jun-16
Cost of Revenues 6,505,932 7,745,646 9,056,219 9,593,903 5,108,670

Gross Profit 5,088,125 3,463,573 4,021,743 4,139,724 1,649,803
Expenses (Income) 1,494,615 1,310,735 1,711,545 1,725,384 732,334
Operating Profit 3,593,510 2,152,838 2,310,198 2,414,340 917,469 13,734
13,078
-40.09% 7.31% 4.51%
13,734
Growth (%) 11,594 11,209

10,932
Other Income (Expenses) 318,077 308,524 364,528 249,456 75,080

Income before Tax 3,911,587 2,461,362 2,674,726 2,663,796 992,549 8,130
6,758
Tax 1,002,166 607,081 655,512 626,685 278,100
Growth (%) -36.27% 8.89% 0.89%

2,527
Current Ratio (%) 492.37 286.59 207.51 154.35 152.75
2,909
Dividend (Rp) 720.75 461.97 324.57 289.73 - 2,909
EPS (Rp) 1,258.66 792.55 875.02 883.59 308.91

BV (Rp) 3,691.27 3,277.40 3,763.17 4,030.82 3,994.75 2,316
2,019 2,037
1,854
DAR (X) 0.33 0.35 0.41 0.45 0.45
0.50 0.55 0.71 0.82 0.81
1,722
DER(X)
ROA (%) 22.86 15.88 13.63 12.06 4.30 1,129
ROE (%) 34.21 24.55 23.29 21.93 7.76 714
GPM (%) 43.89 30.90 30.75 30.14 24.41 535
OPM (%) 30.99 19.21 17.66 17.58 13.58

NPM (%) 25.09 16.54 15.44 14.83 10.57
-58
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 57.26 58.29 37.09 32.79 -
Yield (%) 4.77 4.53 2.60 6.40 -

COMPANY REPORT
PTPP
PEMBANGUNAN PERUMAHAN
(PERSERO) TBK.
Company Profile

PTPembangunanPerumahan(Persero)Tbk.wasestablisheddatedAugust26th,1953.

The Company's goals and objectives are to take part in construction business industry,
fabrication industry, rental service, agency, investment, agro industry, engineering
procurement and constructions (EPC), trades, site area management, enhancement in
constructioncapabilityservices,informationtechnology,tourism,hotelsbusinessservice,
engineeringandplanningservice,developmentservicestoproducehighqualityandhighly
competitive goods and/or service, and to generate profit to add value to the entity by
applyinglimitedliabilitycompanyprinciples.

The current business activities of the Company are in construction services, real estate
(developer),propertiesandinvestmentininfrastructureandenergy.

ToincreasevaluetotheCompany,themanagementadoptsacorporatestrategiesonthe
basis of four business pillars: Construction, EPC (Energy, Oil & Gas), Investment and
Property. To achieve the goals, the Company adopted the Company's vision: "PT PP
(Persero)TbkVision".

The vision shall become strategic guide lines in facing future challenge, which is: "To
becomealeadingconstructionandinvestmentcompanywhichprovideshighaddedvalues
toallofitsstakeholders".TheCompany'snewvision:"ToBeaLeaderinConstrustionand
InvestmentCompanyinIndonesiawhichInternationallyCompetitive".

AsofJune30th,2016theCompanyhad1,728employees.
August 2016
Disclaimer:

PTPP PP (Persero) Tbk. [S]
53 | 18.7T | 0.33% | 76.45%
51 | 7.17T | 0.52% | 80.53%

Established Date : 26-Aug-1953 1. Negara Republik Indonesia 2,469,642,760 : 51.00%
Listing Date : 09-Feb-2010 2. Public (<5%) 2,372,793,740 : 49.00%
Under Writer IPO :
PT Mandiri Sekuritas DIVIDEND ANNOUNCEMENT
F/I
PT DBS Vickers Securities Indonesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2009 10.11 09-Jul-10 12-Jul-10 14-Jul-10 28-Jul-10 F
PT BSR Indonesia 2010 14.57 07-Jul-11 08-Jul-11 12-Jul-11 15-Jul-11 F
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 2011 14.88 07-Jun-12 08-Jun-12 12-Jun-12 15-Jun-12 F
Jln. K.H. Hasyim Ashari Jakarta 10150 2012 19.19 22-May-13 23-May-13 27-May-13 10-Jun-13 F
Phone : (021) 631-7828 2013 26.06 21-Apr-14 22-Apr-14 24-Apr-14 07-May-14 F
BOARD OF COMMISSIONERS ISSUED HISTORY

1. Andi Gani Nena Wea *) Listing Trading
2. Aryanto Sutadi *) No. Type of Listing Shares Date Date
3. Hediyanto W. Husaini 1. Negara RI (Seri A) 1 09-Feb-10 00-Jan-00
4. Muhammad Khoerur Roziqin 2. Penawaran Umum 1,038,976,500 09-Feb-10 09-Feb-10
5. Sumardi 3. Company Listing 2,469,642,759 09-Feb-10 09-Feb-10
*) Independent Commissioners 4. PP Employees Cooperative 1,333,817,240 09-Feb-10 08-Oct-10
BOARD OF DIRECTORS
1. Tumiyana
2. Abdul Haris Tatang
3. Agus Purbianto
4. Lukman Hidayat
5. M. Aprindy
6. Mohamad Toha Fauzi
AUDIT COMMITTEE
1. Aryanto Sutadi
2. Handoko Tripriyono
3. Sularso
CORPORATE SECRETARY
Agus Samuel Kana
HEAD OFFICE
Plaza PP
Jln. Letjend. T.B. Simatupang No. 57,
Pasar Rebo, Jakarta 13760
Phone : (021) 840-3883, 877-84137
Fax : (021) 840-3890
Homepage : www.pt-pp.com
Email : corsec@pt-pp.com

TRADING ACTIVITIES
PP (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,200 240 Jan-12 610 475 570 8,204 288,312 152,115 21
Feb-12 680 550 640 6,652 326,259 195,562 21
3,675 210 Mar-12 670 600 630 4,896 200,951 127,218 21
Apr-12 720 610 700 8,208 485,613 319,004 20
May-12 760 590 600 7,221 384,823 258,898 21
3,150 180
Jun-12 620 530 610 3,859 201,669 108,323 21
Jul-12 650 580 600 2,427 210,891 127,057 22
2,625 150
Aug-12 680 550 570 4,330 253,171 158,175 19
Sep-12 760 570 730 5,160 320,054 215,131 20
2,100 120
Oct-12 800 690 770 12,027 642,556 477,385 22
Nov-12 930 740 930 10,295 519,428 423,177 20
1,575 90 Dec-12 950 800 830 11,432 419,354 369,417 18
1,050 60 Jan-13 900 760 870 16,564 617,373 522,744 21

Feb-13 940 860 920 11,923 419,197 378,668 20
525 30 Mar-13 1,230 890 1,200 17,716 790,488 798,175 19
Apr-13 1,430 1,130 1,420 19,097 690,182 884,041 22
May-13 1,750 1,410 1,750 24,287 727,035 1,131,154 22
Jun-13 1,780 1,250 1,350 36,109 812,645 1,189,127 19
Jul-13 1,530 950 1,420 37,739 873,532 1,103,275 23
Aug-13 1,530 830 1,060 31,214 672,174 765,094 17
Sep-13 1,270 840 1,120 51,644 1,283,678 1,414,590 21
January 2012 - July 2016 Dec-13 1,250 1,110 1,160 17,127 421,327 489,944 19
770%
704.2% Jan-14 1,370 1,105 1,350 18,040 347,504 443,365 20

660% Feb-14 1,465 1,295 1,405 25,148 496,128 694,477 20
Mar-14 1,850 1,385 1,830 30,450 618,599 1,026,256 20
550% Apr-14 1,960 1,630 1,845 34,058 562,369 1,009,244 20
May-14 1,990 1,780 1,910 24,955 332,727 625,382 18
440% Jun-14 1,900 1,710 1,850 17,958 257,943 464,091 21
Jul-14 2,420 1,795 2,260 42,486 462,899 998,247 18
Aug-14 2,505 2,200 2,465 33,365 266,229 641,406 20
330%
Sep-14 2,535 2,100 2,150 34,176 272,040 638,895 22
Oct-14 2,650 2,135 2,630 39,143 400,368 945,914 23
220%
Nov-14 3,070 2,545 3,060 33,238 263,067 753,555 20
141.2% Dec-14 3,625 3,060 3,575 43,018 339,061 1,125,226 20
110%
35.2% Jan-15 3,925 3,475 3,915 56,124 403,485 1,503,473 21

- Feb-15 4,245 3,850 4,060 50,094 269,943 1,079,418 19
Mar-15 4,070 3,645 3,795 60,287 350,386 1,344,045 22
-110% Apr-15 4,100 3,600 3,925 50,080 355,458 1,380,910 21
Jun-15 4,030 3,130 3,470 52,156 194,400 691,295 21
Jul-15 4,190 3,440 3,905 50,075 199,427 774,366 19
Days 246 244 242 244 140 Dec-15 3,920 3,600 3,875 20,317 66,476 250,396 19
Price (Rupiah) Jan-16 4,015 3,770 3,900 28,192 121,525 477,360 20

High 950 1,780 3,625 4,245 4,170 Feb-16 4,015 3,645 3,690 44,874 188,256 727,058 20
Low 475 760 1,105 2,960 3,300 Mar-16 3,985 3,670 3,860 37,755 159,238 608,761 21
Close 830 1,160 3,575 3,875 3,860 Apr-16 3,895 3,550 3,665 25,658 124,271 465,637 21
Close* 830 1,160 3,575 3,875 3,860 May-16 3,720 3,300 3,700 24,761 105,027 373,538 20
Jun-16 3,980 3,600 3,900 35,263 269,621 1,039,186 22
PER (X) 12.98 13.35 44.75 25.35 54.38 Jul-16 4,170 3,780 3,860 25,698 185,919 730,981 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 2.43 2.83 8.06 3.67 4.06

Public Accountant : Soejatna, Mulyana & Rekan
Receivables 1,633,937 2,187,005 3,135,044 4,111,735 5,362,496

1,565,642 177,419 2,570,346 2,498,625 2,628,109 17,000
Inventories
Investment 222,844 289,598 417,692 622,833 883,094
12,750
Fixed Assets 72,775 141,882 493,576 2,989,066 3,250,795
Other Assets - - - - -
8,500
Total Assets 8,550,851 12,415,669 14,611,865 19,128,812 20,445,503
Growth (%) 45.20% 17.69% 30.91% 6.88% 4,250
Bank Payable 1,115,578 836,766 891,868 1,363,297 2,026,784 -

Growth (%) 51.28% 17.17% 14.63% 7.30%
484,244 484,244 484,244 484,244 484,244 5,119

Par Value 100 100 100 100 100
4,309

3,205
Total Equity 1,655,849 1,984,747 2,390,270 5,119,072 5,413,432 2,390

1,985
Growth (%) 19.86% 20.43% 114.16% 5.75% 2,100
1,656
Total Revenues 8,003,873 11,655,844 12,427,371 14,217,373 6,472,196

Growth (%) 45.63% 6.62% 14.40%
-108
2012 2013 2014 2015 Jun-16
Cost of Revenues 7,149,367 10,382,923 10,894,711 12,210,412 5,565,689

Gross Profit 854,505 1,272,922 1,532,660 2,006,961 906,507
Operating Profit 710,825 1,073,385 1,256,702 1,597,164 682,857 14,217
51.01% 17.08% 27.09% 12,427

14,217
Growth (%) 11,656

11,317

8,004
6,472
Tax 235,709 346,170 387,380 441,971 228,398
Profit for the period 309,683 420,720 532,065 845,563 410,409 5,516
Growth (%) 35.86% 26.47% 58.92%

2,616
Dividend (Rp) 19.19 26.06 21.97 - -
846
EPS (Rp) 63.95 86.88 109.85 152.88 11.43 846
BV (Rp) 341.95 409.87 493.61 1,057.13 1,117.91

DAR (X) 0.81 0.84 0.84 0.73 0.74 673
532
DER(X) 4.16 5.26 5.11 2.74 2.78
421 410
3.62 3.39 3.64 4.42 2.01
501
ROA (%)
18.70 21.20 22.26 16.52 7.58 310
ROE (%) 328
GPM (%) 10.68 10.92 12.33 14.12 14.01

OPM (%) 8.88 9.21 10.11 11.23 10.55 156
NPM (%) 3.87 3.61 4.28 5.95 6.34

Payout Ratio (%) 30.01 30.00 20.00 - -
-17
2012 2013 2014 2015 Jun-16

Yield (%) 2.31 2.25 0.61 - -

COMPANY REPORT
PWON
PAKUWON JATI TBK.
Company Profile

PTPakuwonJatiTbk.isadiversifiedrealestatedeveloperfocusedinJakartaandSurabaya.
The Company's portfolio of prime properties includes retail, residential, commercial and
hospitalitydevelopments

Established in 1982 and listed on both the Jakarta and Surabaya Stock exchanges since
1989, Pakuwon Jati is an established brand name with over 25 years of experience
successfully developing, marketing and operating properties. The Company is vertically
integrated across the full real estate value chain from land acquisition, property
development,marketingandoperationalmanagement.

PakuwonJatiisthepioneeroftheSuperblockconceptinIndonesia,alargescaleintegrated
mixeduse development of retail shopping mall, office, condominium and hotel. Its
successful track record and reputation within the property industry has secured strong
longtermrelationshipswithtenantsandbuyers,whichprovidesastableplatformforrapid
businessexpansion.

BasedonCompanysArticleofAssociations,theCompanyisengagedinbusiness:
1) Shoppingcenter:TunjunganPlaza,KotaKasablanka,GandariaCity
2) BusinesscenternamedasMandiriOfficeTower,Gandaria8OfficeTower
3) HotelnamedasSheratonSurabayaHotelandTowers,GandariaHotel
4) Real estate business Pakuwon City Township, Condominium Regensi, CasaGrande
Condominium,GandariaHeightsCondominium.

TheCompanyhasdirectandindirectownershipinsubsidiaries:PTArtisanWahyu,PTElite
PrimaHutama,PTPakuwonSentraWisata,PTPakuwonRegency,PTGramaPramesiSiddhi,
PakuwonPrimaPte.Ltd.Singapore,ArtiusGrandisPte.Ltd.,PTCentrumUtamaPrima,PT
PakuwonPermai,PTDwijayaManunggal,PTPakuwonSentosaAbadi,PTPermataBerlian
Realty.

The company started commercial operations in May 1986. The Company and its
subsidiarieshadtotalnumberofemployeesof2,971asofJune30th,2016.
August 2016
Disclaimer:

PWON Pakuwon Jati Tbk. [S]
32 | 31.3T | 0.56% | 67.44%
40 | 9.06T | 0.65% | 74.14%

Established Date : 20-Sep-1982 1. Burgami Investments Limited 10,063,591,200 : 20.90%
Listing Date : 09-Oct-1989 2. JPMBLSA Re:JPMIB-PT Pakuwon Ar 6,080,129,840 : 12.62%
Under Writer IPO : 3. Concord Media Investment Ltd. 3,556,800,000 : 7.39%
PT Danareksa (Persero) 4. Raylight Investments Limited 3,441,204,000 : 7.15%
PT Aseam Indonesia 5. Public (<5%) 25,017,877,360 : 51.94%
PT Inter-Pacific Financial Corporation
PT Sirca Datapro Perdana Bonus Cash Recording Payment
F/I
Jln. Johar No. 18 Year Shares Dividend Cum Date Ex Date Date Date
Menteng, Jakarta 10340 1990 50.00 08-Jun-90 11-Jun-90 15-Jun-90 22-Jul-90
Phone : (021) 314-0032, 390-5920, 390-0645 1991 75.00 28-Feb-91 01-Mar-91 08-Mar-91 08-Apr-91
Fax : (021) 314-0185, 390-0652, 390-0671 1991 30.00 10-Jun-92 12-Jun-92 19-Jun-92 20-Jul-92 F
1991 2:1 23-Nov-92 24-Nov-92 01-Dec-92 23-Dec-92 F
BOARD OF COMMISSIONERS 1992 25.00 09-Aug-93 10-Aug-93 18-Aug-93 18-Sep-93 F
1. Alexander Tedja 1993 25.00 12-Jul-94 13-Jul-94 20-Jul-94 19-Aug-94 F
2. Agus Soesanto *) 1994 20.00 05-Jul-95 06-Jul-95 14-Jul-95 11-Aug-95 F
3. Dyah Pradnyaparamita Duarsa *) 1995 17.50 30-May-96 31-May-96 10-Jun-96 08-Jul-96 F
*) Independent Commissioners 1996 25.00 27-Jun-97 30-Jun-97 08-Jul-97 06-Aug-97 F
2011 1.45 09-Oct-12 10-Oct-12 12-Oct-12 25-Oct-12 F
BOARD OF DIRECTORS 2012 3.50 08-Oct-13 09-Oct-13 11-Oct-13 25-Oct-13 F
1. Richard Adisastra 2013 4.50 17-Jul-14 18-Jul-14 22-Jul-14 12-Aug-14 F
2. Alexander Stefanus Ridwan Suhendra 2014 4.50 02-Jul-15 03-Jul-15 07-Jul-15 29-Jul-15 F
3. Eiffel Tedja 2015 4.50 11-Jul-16 12-Jul-16 14-Jul-16 29-Jul-16 F
4. Irene Tedja
5. Minarto ISSUED HISTORY
6. Sutandi Purnomosidi Listing Trading
7. Wong Boon Siew Ivy No. Type of Listing Shares Date Date
1. First Issue 3,000,000 09-Oct-89 09-Oct-89
AUDIT COMMITTEE 2. Company Listing 17,000,000 09-Oct-89 09-Oct-89
1. Agus Soesanto 3. Right Issue 50,000,000 01-Oct-91 01-Oct-91
2. Antonius Susanto 4. Bonus Shares 35,000,000 24-Dec-92 24-Dec-92
3. Lisawati 5. Right Issue 5,000 18-Jul-94 29-Jul-94
6. Right Issue 4,300 18-Jul-94 05-Aug-94
CORPORATE SECRETARY 7. Right Issue 6,500 18-Jul-94 10-Aug-94
Minarto 8. Right Issue 21,625 18-Jul-94 11-Aug-94
9. Right Issue 30,450 18-Jul-94 16-Aug-94
HEAD OFFICE 10. Right Issue 1,650 18-Jul-94 19-Aug-94
EastCoast Center 5th Fl. 11. Right Issue 20,500 18-Jul-94 19-Aug-94
Pakuwon Town Square - Pakuwon City 12. Right Issue 20,078,445 18-Jul-94 24-Aug-94
Jln. Kejawan Putih Mutiara No. 17, Surabaya 13. Right Issue 9,804,048 18-Jul-94 30-Aug-94
Phone : (031) 582-08788 14. Right Issue 74,483,629 18-Jul-94 31-Aug-94
Fax : (031) 582-08798 15. Right Issue 543,853 18-Jul-94 01-Sep-94
16. Stock Split 210,000,000 29-Jan-96 29-Jan-96
Homepage : www.pakuwon.com 17. Add. Listing without RI 247,000,000 03-Feb-06 03-Feb-06
Email : minarto@pakuwon.com 18. Add. Listing without RI (canceled) -247,000,000 20-Mar-06 20-Mar-06
19. CB Conversion 22,705,000 21-Mar-06 21-Mar-06
20. CB Conversion 224,295,000 27-Mar-06 27-Mar-06
21. CB Conversion 876,577,000 08-Aug-06 08-Aug-06
22. Stock Split 6,174,308,000 19-Sep-07 19-Sep-07
23. Bonus Shares 2,315,365,500 22-Aug-08 22-Aug-08
24. Right Issue 2,006,650,100 02-Jan-12 02-Jan-12
25. Stock Split 36,119,701,800 30-Mar-12 30-Mar-12

TRADING ACTIVITIES
Pakuwon Jati Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
680 4,000 Jan-12 810 740 790 16,231 1,093,273 738,333 21
Feb-12 870 780 820 19,327 240,501 198,973 21
595 3,500 Mar-12 880 199 205 14,461 233,067 169,374 21
Apr-12 210 196 205 14,165 384,695 77,176 20
May-12 205 187 188 10,811 272,709 53,115 21
510 3,000
Jun-12 194 170 194 13,375 281,939 51,964 21
Jul-12 235 194 225 25,803 795,941 169,716 22
425 2,500
Aug-12 230 200 225 12,187 1,099,613 241,673 19
Sep-12 275 215 270 16,415 610,396 146,478 20
340 2,000
Oct-12 305 250 280 34,467 1,312,257 361,147 22
Nov-12 280 215 230 20,718 4,744,453 1,132,903 20
255 1,500 Dec-12 245 215 225 19,586 839,838 195,609 18
170 1,000 Jan-13 285 220 275 33,019 1,794,827 468,474 21

Feb-13 365 270 360 37,849 2,265,935 696,864 20
85 500 Mar-13 390 330 385 39,189 2,099,959 754,102 19
Apr-13 410 345 405 55,798 2,863,722 1,079,612 22
May-13 430 370 420 63,308 5,045,118 2,006,700 22
Jun-13 425 305 345 53,787 2,935,423 1,041,998 19
Jul-13 390 310 380 40,125 2,138,014 729,542 23
Aug-13 390 240 290 26,014 1,402,520 447,531 17
Sep-13 310 250 285 38,823 1,910,635 551,184 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 320 260 310 41,350 1,643,983 475,042 21
Property, Real Estate and Bulding Construction Index Nov-13 315 250 250 26,908 1,219,425 331,106 20
January 2012 - July 2016 Dec-13 290 250 270 23,647 1,320,513 351,679 19
280%
Jan-14 340 261 307 48,959 976,326 299,281 20
240% 242.1% Feb-14 355 303 330 45,367 1,135,771 374,607 20
Mar-14 392 323 350 52,428 1,413,058 511,373 20
200% Apr-14 392 338 352 61,363 1,702,129 622,424 20
May-14 408 353 408 43,214 1,025,350 388,372 18
160% Jun-14 400 337 349 36,740 791,084 293,337 21
141.2%
Jul-14 449 344 415 50,717 1,380,171 550,046 18
Aug-14 500 390 435 84,200 4,427,598 1,911,446 20
120%
Sep-14 445 391 404 77,849 2,110,045 890,296 22
Oct-14 450 376 450 63,633 1,644,833 684,270 23
80%
Nov-14 525 429 515 55,333 1,190,333 555,625 20
Dec-14 555 456 515 54,593 1,351,233 683,696 20
40%
35.2%
Jan-15 545 462 499 112,556 6,716,000 3,274,163 21
- Feb-15 565 481 550 69,429 2,561,866 1,316,795 19
Mar-15 555 486 515 85,765 2,978,488 1,509,847 22
-40% Apr-15 535 435 438 90,113 2,140,590 1,061,334 21
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 475 417 442 92,895 3,477,942 1,530,904 19
Jun-15 455 372 430 85,264 2,619,761 1,091,585 21
Jul-15 451 390 415 61,440 1,756,072 737,236 19
Value (Billion Rp) 3,536 8,934 7,765 13,785 5,795 Oct-15 464 329 426 78,340 2,154,735 876,440 21
Frequency (Thou. X) 218 480 674 892 423 Nov-15 468 408 461 54,174 1,081,725 481,291 21
Days 246 244 242 244 140 Dec-15 505 416 496 47,304 1,190,925 554,015 19
Price (Rupiah) Jan-16 505 418 448 69,744 1,567,648 723,416 20

High 880 430 555 565 665 Feb-16 498 435 458 81,565 1,774,679 824,176 20
Low 170 220 261 313 418 Mar-16 540 456 484 71,210 1,787,386 894,038 21
Close 225 270 515 496 650 Apr-16 550 481 525 49,505 1,334,420 691,248 21
Close* 225 270 515 496 650 May-16 550 482 550 39,128 995,024 512,186 20
Jun-16 645 530 615 60,831 1,835,551 1,076,340 22
PER (X) 14.14 11.48 14.14 18.93 16.80 Jul-16 665 600 650 50,914 1,696,267 1,073,981 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 3.46 3.17 4.57 2.53 2.95

Receivables 138,509 166,915 303,348 301,528 322,538

1,262,136 1,051,081 1,671,766 2,254,347 2,644,661 16,000
Inventories
Investment 216 268,531 20,971 18,056 17,116
12,000
Fixed Assets 844,548 673,096 964,375 1,457,275 1,661,926
Other Assets 11 11 20,725 3,337 3,231
8,000
Total Assets 7,565,820 9,298,245 16,770,743 18,778,122 19,902,001
Growth (%) 22.90% 80.36% 11.97% 5.99% 4,000
Bank Payable 1,925,967 1,764,389 1,470,681 2,187,371 2,490,286 -

Growth (%) 17.25% 63.36% 9.84% 4.07%
Paid up Capital 1,203,990 1,203,990 1,203,990 1,203,990 1,203,990 10,200 9,455
Par Value 25 25 25 25 25
8,119

6,038
Total Equity 3,134,536 4,102,509 8,283,071 9,455,056 10,199,751

4,103
Growth (%) 30.88% 101.90% 14.15% 7.88% 3,958
3,135
Total Revenues 2,165,397 3,029,797 3,872,273 4,625,053 2,440,880

Growth (%) 39.92% 27.81% 19.44%
-204
2012 2013 2014 2015 Jun-16
Cost of Revenues 931,477 1,264,879 1,714,248 1,956,525 1,075,071

Gross Profit 1,233,920 1,764,919 2,158,025 2,668,528 1,365,809
Operating Expenses 332,815 433,727 -701,281 1,243,386 385,768
4,625
Growth (%) 3,872

3,682
Other Income (Expenses) - - - - - 3,030
Income before Tax 901,105 1,331,192 2,859,306 1,425,142 980,042 2,441

2,165
2,738
Tax 134,609 194,644 260,165 24,588 18,082

Profit for the period 766,496 1,136,548 2,599,141 1,400,554 961,959 1,795
Growth (%) 48.28% 128.69% -46.11%

851
Period Attributable 747,989 1,132,820 2,515,505 1,261,887 895,969 -93
Comprehensive Income 766,496 1,136,548 2,597,079 1,408,606 961,413 2012 2013 2014 2015 Jun-16
Comprehensive Attributable 747,989 1,132,820 2,513,443 1,269,203 895,423
Dividend (Rp) 3.50 4.50 4.50 4.50 -
2,599
EPS (Rp) 15.53 23.52 52.23 26.20 18.60 2,599
BV (Rp) 65.09 85.19 171.99 196.33 211.79

DAR (X) 0.59 0.56 0.51 0.50 0.49 2,069
DER(X) 1.41 1.27 1.02 0.99 0.95 1,401

10.13 12.22 15.50 7.46 4.83
1,539
ROA (%) 1,137

24.45 27.70 31.38 14.81 9.43 962
ROE (%) 1,008
766
GPM (%) 56.98 58.25 55.73 57.70 55.96
OPM (%) - - - - - 478
NPM (%) 35.40 37.51 67.12 30.28 39.41

Payout Ratio (%) 22.53 19.13 8.62 17.17 -
-52
2012 2013 2014 2015 Jun-16

Yield (%) 1.56 1.67 0.87 0.91 -

COMPANY REPORT
SCMA
SURYA CITRA MEDIA TBK.
Company Profile

The Company was formed on 29 January 1999 to operate as a holding company for
multimediaservicesaswellasconsultancyservicesinthemediaandrelatedbusiness.The
mainpurposebehinditscreation,however,wastobroadenthehorizonsofPTSuryaCitra
Televisi(SCTV),oneofthelargestTVbroadcastingstationsinIndonesia,today.
As a media broadcasting company, SCTV is restricted by law to operate solely and

exclusively as a broadcasting company for which it was licenced for. Yet, the business
prospects of an integrated multimedia services group are simply too promising to be
ignored.
Hence,theestablishmentofTheCompanysignifiedtheemergenceofahighlyprospective
multimedia group with longterm growth opportunities. The Company subsequently
acquired 100% share of SCTV over a period of time between November 2001 and April
2002,andwentpublicinJuly2002.
PT Elang Mahkota Teknologi Tbk. is the ultimate parent entity of the Company and its
subsidiaries.

SubsidiariesdirectlyownedbytheCompanyareasfollows:
PTSuryaCitraTelevisi(SCTV),
PTIndosiarVisualMandiri,
PTScreenplayProduksi,
PTBangkaTeleVision,
PTSuryaCitraPesona,
PTSuryaTrioptimaMultikreasi,
PTSuryaCitraGelora,and
PTIndonesiaEntertainmenGroup.

AsofJune30th,2016,theCompanyandSubsidiarieshad2,812employees.

August 2016
Disclaimer:

SCMA SuryaCitraMediaTbk.[S]
Industry Sub Sector : Advertising, Printing And Media (95) Market Capitalization : 46,204,259,899,440
21 | 46.2T | 0.82% | 60.24%
41 | 9.04T | 0.65% | 74.79%

Established Date : 29-Jan-1999 1. PT Elang Mahkota Teknologi 8,914,176,761 : 60.97%
Under Writer IPO :
PT CLSA Indonesia DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 2002 15.00 20-Aug-02 21-Aug-02 26-Aug-02 09-Sep-02 I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2002 30.00 01-Jul-03 02-Jul-03 04-Jul-03 18-Jul-03 F
Phone : (021) 252-5666 2003 5.00 05-Aug-04 06-Aug-04 10-Aug-04 25-Aug-04 F
2004 25.00 08-Dec-05 09-Dec-05 13-Dec-05 28-Dec-05 F
1. R. Soeyono 2006 8.00 15-Dec-06 18-Dec-06 20-Dec-06 05-Jan-07 I
2. Glenn Muhammad Surya Yusuf *) 2007 20.00 01-Aug-07 02-Aug-07 06-Aug-07 21-Aug-07 I
3. Jay Geoffrey Wacher 2007 8.00 10-Sep-08 11-Sep-08 15-Sep-08 29-Sep-08 F
4. R. Alvin Widarta Sariaatmadja 2008 40.00 16-Dec-08 17-Dec-08 19-Dec-08 08-Jan-09 F
5. Suryani Zaini *) 2008 130.00 19-Jun-09 22-Jun-09 24-Jun-09 07-Jul-09 F
2010 60.00 08-Nov-10 09-Nov-10 11-Nov-10 23-Nov-10 I
BOARD OF DIRECTORS 2010 225.00 27-Jun-11 28-Jun-11 01-Jul-11 12-Jul-11 F
1. Sutanto Hartono 2011 35.00 27-Jun-11 28-Jun-11 01-Jul-11 12-Jul-11 I
2. Harsiwi Achmad 2011 125.00 14-Jun-12 15-Jun-12 19-Jun-12 03-Jul-12 F
3. Imam Sudjarwo 2012 48.00 06-May-13 07-May-13 10-May-13 24-May-13 F
4. Rusmiyati Djajaseputra 2013 15.00 21-Nov-13 22-Nov-13 26-Nov-13 10-Dec-13 I
2013 51.00 18-Aug-14 19-Aug-14 21-Aug-14 04-Sep-14 F
AUDIT COMMITTEE 2014 70.00 28-Apr-15 29-Apr-15 04-May-15 21-May-15 F
1. Glenn Muhammad Surya Yusuf 2015 55.00 03-Dec-15 04-Dec-15 08-Dec-15 22-Dec-15 I
2. Emmanuel Bambang Suyitno
3. M. Risanggono Soemaryono ISSUED HISTORY
Listing Trading
Gilang Iskandar 1. First Issue 375,000,000 16-Jul-02 16-Jul-02
2. First Issue (Green Shoe) 56,250,000 16-Jul-02 16-Jul-02
HEAD OFFICE 3. Company Listing 1,443,750,000 T: 16-Jul-02 : 28-Feb-03
SCTV Tower -Senayan City 4. Warrant 18,750,000 05-Mar-03 05-Mar-03
Jln. Asia Afrika Lot. 19 5. ESOP Conversion 56,250,000 T: 23-May-08 : 14-Jun-12
Jakarta 10270 6. Stock Splits 7,800,000,000 29-Oct-12 29-Oct-12
Phone : (021) 279-35599 7. Merger with IDKM 4,871,601,234 01-May-13 01-May-13
Fax : (021) 279-35598
Homepage : www.scm.co.id
Email : gilang.iskandar@indosiar.com

SCMA Surya Citra Media Tbk. [S]
TRADING ACTIVITIES
Surya Citra Media Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,200 800 Jan-12 9,600 7,850 9,300 712 6,653 57,811 20
Feb-12 9,400 8,400 8,700 589 8,775 77,400 20
3,675 700 Mar-12 8,900 8,050 8,050 900 16,027 136,459 21
Apr-12 8,500 7,950 8,500 568 21,942 184,003 20
May-12 9,500 8,000 8,950 1,139 87,104 752,304 21
3,150 600
Jun-12 10,200 8,500 9,500 627 9,114 82,791 19
Jul-12 11,050 9,450 10,350 1,960 116,666 1,168,577 22
2,625 500
Aug-12 10,500 9,850 9,900 842 10,523 107,052 19
Sep-12 11,000 9,850 11,000 1,809 13,824 143,872 20
2,100 400
Oct-12 11,150 1,950 1,950 1,481 20,626 134,399 22
Nov-12 2,375 1,970 2,175 1,712 131,821 278,835 20
1,575 300 Dec-12 2,400 2,100 2,250 1,865 71,973 164,575 18
1,050 200 Jan-13 2,500 2,175 2,375 2,844 74,017 168,664 21

Feb-13 2,975 2,150 2,575 7,347 114,123 268,789 20
525 100 Mar-13 2,925 2,450 2,775 5,901 158,946 415,150 19
Apr-13 2,950 2,625 2,800 4,171 177,045 482,182 20
May-13 3,125 2,625 2,900 7,102 224,109 651,217 22
Jun-13 2,950 2,250 2,725 8,696 192,983 503,785 19
Jul-13 2,925 2,300 2,675 7,002 124,551 329,380 23
Aug-13 3,000 2,300 2,500 5,905 140,977 378,417 17
Sep-13 2,750 2,300 2,550 7,547 167,051 421,739 21
January 2012 - July 2016 Dec-13 2,875 2,450 2,625 10,133 252,342 676,768 19
175%
Jan-14 2,750 2,530 2,650 24,535 120,592 313,839 20
150% Feb-14 2,805 2,410 2,805 46,992 310,886 785,287 20
Mar-14 3,300 2,700 3,200 60,060 357,086 1,066,820 20
125% Apr-14 3,415 3,000 3,150 45,515 201,924 655,546 20
May-14 3,415 3,015 3,170 31,337 256,918 813,709 18
100% Jun-14 3,615 3,100 3,585 30,599 387,714 1,298,374 21
95.1% Jul-14 3,900 3,250 3,800 41,264 519,179 1,817,851 18
Aug-14 4,200 3,690 4,110 55,141 696,177 2,697,996 20
75%
Sep-14 4,190 3,725 3,825 46,879 173,175 681,805 22
Oct-14 3,935 3,325 3,380 79,426 339,658 1,192,961 23
50%
46.3% Nov-14 3,485 3,055 3,210 60,418 320,661 1,054,759 20
33.5% Dec-14 3,510 3,190 3,500 40,549 921,781 3,194,315 20
25%
Jan-15 3,730 3,205 3,415 62,923 408,147 1,407,805 21

- Feb-15 4,040 3,325 3,650 72,671 383,350 1,392,435 19
Mar-15 3,680 3,150 3,395 70,054 418,705 1,451,881 22
-25% Apr-15 3,470 2,710 2,900 55,063 425,381 1,395,129 21
Jun-15 3,700 2,750 2,875 52,981 236,568 693,372 21
Jul-15 3,130 2,800 2,950 40,018 146,752 432,260 19
Volume (Million Sh.) 515 2,475 4,606 3,374 1,822 Sep-15 2,845 2,470 2,740 43,883 189,189 491,120 21
Days 242 242 242 244 140 Dec-15 3,185 2,950 3,100 47,180 197,277 603,671 19
Price (Rupiah) Jan-16 3,320 2,625 2,700 56,917 235,608 681,337 20

High 11,150 3,125 4,200 4,040 3,550 Feb-16 3,075 2,525 2,900 50,749 274,548 774,420 20
Low 1,950 2,150 2,410 2,285 2,525 Mar-16 3,320 2,785 3,140 57,381 281,605 838,593 21
Close 2,250 2,625 3,500 3,100 3,160 Apr-16 3,305 3,010 3,200 39,120 196,512 623,649 21
Close* 2,250 2,625 3,500 3,100 3,160 May-16 3,540 3,070 3,350 36,123 305,490 1,013,464 20
Jun-16 3,550 3,120 3,300 40,830 356,521 1,177,885 22
PER (X) 24.03 29.99 34.72 29.75 26.56 Jul-16 3,340 3,130 3,160 35,176 171,534 557,692 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 10.02 13.76 16.34 13.28 11.55

SCMA Surya Citra Media Tbk. [S]
Receivables 721,898 1,014,685 1,291,374 1,411,872 1,547,611

222,674 374,639 462,439 532,656 596,050 4,000
Inventories
Current Assets 1,917,041 2,570,167 3,200,366 2,843,500 3,160,441
3,000
Fixed Assets 326,717 724,970 761,978 962,114 957,085
Other Assets 17,729 22,115 27,969 29,919 31,531
2,000
Total Assets 2,893,172 4,010,166 4,728,436 4,565,964 4,998,638
Growth (%) 38.61% 17.91% -3.44% 9.48% 1,000

Total Liabilities 704,733 1,220,709 1,250,248 1,152,288 1,151,376
Growth (%) 73.22% 2.42% -7.84% -0.08%
Paid up Capital 487,500 731,080 731,080 731,080 731,080 3,847
3,478 3,414
2,789
Par Value 50 50 50 50 50
3,062
Retained Earnings 1,136,538 184,867 2,432,821 2,100,622 2,528,139 2,188

2,278
Total Equity 2,188,439 2,789,457 3,478,188 3,413,676 3,847,263

Growth (%) 27.46% 24.69% -1.85% 12.70% 1,493
Total Revenues 2,240,085 3,694,748 4,055,702 4,237,980 2,340,205

Growth (%) 64.94% 9.77% 4.49%
-77
2012 2013 2014 2015 Jun-16
Cost of Revenues - - - - -
Gross Profit - - - 4,237,980 2,340,205
Expenses (Income) 1,035,222 1,935,962 2,138,831 2,223,431 1,230,134
4,056
45.97% 8.99% 5.10%
4,238
Growth (%) 3,695
3,373
Other Income (Expenses) -5,396 5,309 221 23,918 7,796

2,240 2,340
Tax 286,455 448,139 468,818 513,470 277,521

Growth (%) 40.84% 12.63% 5.06%

780
Period Attributable 913,013 1,280 1,453,644 1,523,524 836,915 -85
Comprehensive Attributable 913,013 1,280 1,453,644 1,540,528 835,974
Current Ratio (%) 460.66 364.20 390.69 330.46 353.20
1,522
48.00 66.00 70.00 83.00 - 1,448
Dividend (Rp) 1,522
1,286
EPS (Rp) 93.64 0.09 99.42 104.20 57.24
BV (Rp) 224.46 190.78 237.88 233.47 263.12 1,211
DAR (X) 0.24 0.30 0.26 0.25 0.23 913

840
0.32 0.44 0.36 0.34 0.30
901
DER(X)
ROA (%) 31.56 32.07 30.63 33.32 16.81 590
ROE (%) 41.72 46.10 41.64 44.57 21.84

GPM (%) - - - 100.00 100.00 280
OPM (%) 53.79 47.60 47.26 47.54 47.43

NPM (%) 40.76 34.80 35.71 35.90 35.91
-30
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 51.26 75,411.53 70.41 79.66 -
Yield (%) 2.13 2.51 2.00 2.68 -

COMPANY REPORT
SILO
SILOAM INTERNATIONAL HOSPITALS TBK.
Company Profile

PTSiloamInternationalHospitalsTbk.establishedunderthenamePTSentralindoWirasta
datedAugust3,1996.ThescopeoftheCompany'smainactivityisinthefieldofpublichealth
services, including establishing and / or acquire and manage hospitals, clinics, maternity
homes, facilities and supporting infrastructure pre healthcare, organizing and
implementationofhealthcareandorganizingpublichealthcareinsurance.

TheCompanystartedcommercialoperationsin2010aftertherestructuringofhospitalunits
PTLippoKarawaciTbk.ThemainactivityoftheCompanyisengagedinthefieldofpublic
healthservicesaresetupandmanageahospital.WorkareahospitalunitsoftheCompany
anditsSubsidiariesincludeseveraltownsontheislandofSumatra,Java,Bali,Kalimantan
andSulawesi.TheCompanyistheparentcompanyofPTMegapratamaKaryaPersadawith
thelastoftheparententityisPTLippoKarawaciTbk.AsofMarch31st,2016,theCompany
andsubsidiarieshad7,394permanentemployees.

ThecompanyownsdirectlyorindirectlysubsidiariesarePTAritasindoPermaisemesta,PT
PerdanaKencanaMandiri,PTMultiselarasAnugerah,PTNusaMedikaPerkasa,PTSiloam
Graha Utama and Subsidiaries, PT East Jakarta Medika, PT Guchi Kencana Emas and
Subsidiaries, PT Golden First Atlanta, PT Prawira Tata Semesta and Subsidiaries, PT
BalikpapanDamaiHusada,PTSiloamEmergencyServices,PTMedikaHarapanCemerlang
Indonesia,PTPancawarnaSemestaandSubsidiaries,PTDiagramHealthcareIndonesia,PT
AdamanisaKaryaSejahtera,PTBrenadaKaryaBangsa,PTHarmoniSelarasIndah,PTKusuma
Primadana and Subsidiaries, PT Adijay a Buana Sakti dan Entitas Anak PT Siloam Sumsel
Kemitraan,PTRSSiloamHospitalSumsel,PTOptimumKaryaPersada,PTRoselaIndahCipta,
PTSembadaKaryaMegah, PTTrijayaMakmurBersama, PTVisindoGalaxiJaya,PTTunggal
PilarPerkasaandSubsidiaries,PTTirtasariKencana, PTGramariPrimaNusa, PTKrisolisJaya
Mandiri, PTKusumaBhaktiAnugerah, PTAgungCiptaRaya, PTBinaCiptaSemesta, PTMega
BuanaBhakti, PTTarunaPerkasaMegah, PTTatakaBumiKarya, PTTatakaKaryaIndah, PT
Siloam Medika Cemerlang, PT Koridor Usaha Maju and Subsidiaries, PT Medika Sarana
TraliansiaandSubsidiaries,PTTrisakaReksaWaluya, PTBerlianCahayaIndah, PTMahkota
BuanaSelaras, PTRashalSiarCakraMedika, PTGentaRayaInternusa,PTIndahKemilau
Abadi, PTIntiPratamaMedika, PTKaryaPesonaCemerlang, PTMuliaPratamaCemerlang,
PTPersadaDuniaSemesta, PTSentraSehatSejahtera.

August 2016
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.

SILO SiloamInternationalHospitalsTbk.[S]
Industry Sub Sector : Healthcare (96) Market Capitalization : 11,300,877,500,000
78 | 11.3T | 0.20% | 82.75%
29 | 11.5T | 0.83% | 66.38%

Established Date : 03-Aug-1996 1. PT Megapratama Karya Persada 699,000,000 : 60.46%
Listing Date : 12-Sep-2013 2. Public (<5%) 457,100,000 : 39.54%
Under Writer IPO :
PT Ciptadana Securities DIVIDEND ANNOUNCEMENT
F/I
PT Sharestar Indonesia Year Shares Dividend Cum Date Ex Date Date Date
Berita Satu Plasa 7th Fl. 2014 5.20 26-May-15 27-May-15 29-May-15 18-Jun-15 F
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950
Phone : (021) 527-7966 ISSUED HISTORY
Fax : (021) 527-7967 Listing Trading
BOARD OF COMMISSIONERS 1. First Issue 156,100,000 12-Sep-13 12-Sep-13
1. Lee Heok Seng 2. Company Listing 1,000,000,000 12-Sep-13 12-Sep-13
2. Farid Harianto *)
3. Jenny Kuistono
4. Jonathan L. Parapak *)
5. Niel Byron Nielson *)
6. Theo L. Sambuaga
BOARD OF DIRECTORS
1. Romeo Fernandez Lledo
2. Anang Prayudi
3. Andry
4. Budi Raharjo Legowo
5. Caroline Riady
6. George Mathew
7. Grace Frelita Indradjaja
8. Kailas Nath Raina
9. Norita Alex
AUDIT COMMITTEE
1. Farid Harianto
2. Lie Kwang Tak
3. Siswanto Pramono
CORPORATE SECRETARY
Cindy Riswantyo
HEAD OFFICE
Siloam Hospitals, 5th Fl.
Jln. Siloam No. 6, Lippo Village
Tangerang 15811
Phone : (021) 256-68000
Fax : (021) 546-0075
Homepage : www.siloamhospitals.com
Email : corporate.secretary@siloamhospitals.com

SILO Siloam International Hospitals Tbk. [S]
TRADING ACTIVITIES
Siloam International Hospitals Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* September 2013 - July 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
18,000 160 Sep-13 11,000 9,050 10,400 6,040 110,105 1,098,723 13
Oct-13 11,050 9,950 10,150 5,130 175,460 1,838,018 21
15,750 140 Nov-13 10,350 9,050 9,600 2,776 68,670 674,356 20
Dec-13 9,700 9,250 9,500 1,293 81,196 773,923 18
13,500 120
Jan-14 9,650 9,200 9,625 4,505 139,774 1,335,343 20
Feb-14 10,550 9,500 10,500 6,310 233,380 2,325,902 20
11,250 100
Mar-14 11,400 9,550 10,300 9,465 262,183 2,781,056 20
Apr-14 11,000 9,400 11,000 7,308 271,019 2,886,239 20
9,000 80
May-14 15,000 11,000 15,000 5,769 250,496 3,134,771 18
Jun-14 15,150 13,950 14,450 5,181 149,703 2,187,636 21
6,750 60 Jul-14 15,000 13,100 14,300 5,816 84,216 1,200,511 18
Aug-14 15,950 14,000 15,075 6,452 95,928 1,454,766 20
4,500 40 Sep-14 17,500 14,700 15,025 11,156 116,205 1,813,276 22
Oct-14 15,500 13,125 13,775 5,972 41,486 590,341 23
2,250 20 Nov-14 15,400 12,800 13,625 6,991 44,745 637,273 20
Dec-14 14,700 13,375 13,700 5,539 28,758 403,657 20
Jan-15 14,000 13,000 13,400 4,003 38,835 525,611 21

Sep-13 Mar-14 Sep-14 Mar-15 Sep-15 Mar-16
Feb-15 13,700 11,875 12,225 10,078 170,719 2,111,214 19
Mar-15 13,950 12,100 13,400 11,484 163,986 2,151,398 22
Apr-15 14,425 11,775 14,200 15,284 101,180 1,334,178 21
Closing Price*, Jakarta Composite Index (IHSG) and May-15 15,775 13,525 14,100 11,773 35,093 515,396 19
Trade, Sevices and Investment Index Jun-15 14,725 12,900 14,400 9,926 55,724 777,670 21
September 2013 - July 2016 Jul-15 16,900 13,750 16,550 11,867 86,497 1,309,069 19
90% Aug-15 17,100 13,300 15,100 14,693 89,557 1,357,868 20
Sep-15 16,125 11,875 12,375 15,726 93,451 1,396,429 21
75% Oct-15 12,800 10,600 10,900 24,524 171,992 2,127,918 21
Nov-15 10,900 8,600 9,350 29,218 91,906 886,800 21
60% Dec-15 10,100 9,200 9,800 14,987 65,835 641,116 19
45% Jan-16 9,775 8,525 9,025 11,368 132,257 1,222,054 20

Feb-16 9,275 7,500 7,925 15,332 75,077 667,500 20
Mar-16 8,125 7,225 7,300 13,342 90,357 702,449 21
30%
Apr-16 9,175 7,375 8,450 18,960 69,498 580,662 21
19.7% May-16 10,125 8,225 10,125 13,793 75,247 691,187 20
15%
12.5% Jun-16 11,650 9,800 11,600 15,572 77,178 823,273 22
Jul-16 11,725 9,775 9,775 10,378 34,902 389,353 16
- 1.3%
-15%
-30%
Sep 13 Mar 14 Sep 14 Mar 15 Sep 15 Mar 16
SHARES TRADED 2013 2014 2015 Jul-16

Volume (Million Sh.) 435 1,718 1,165 555
Value (Billion Rp) 4,385 20,751 15,135 5,076
Frequency (Thou. X) 15 80 174 99
Days 72 242 244 140
Price (Rupiah)
High 11,050 17,500 17,100 11,725
Low 9,050 9,200 8,600 7,225
Close 9,500 13,700 9,800 9,775
Close* 9,500 13,700 9,800 9,775
PER (X) 220.23 218.72 160.94 74.01

PER Industry (X) 15.42 22.13 14.53 8.79
PBV (X) 6.70 9.38 6.51 6.73

SILO Siloam International Hospitals Tbk. [S]
Receivables 187,067 270,802 392,646 575,227 710,834

75,352 94,831 105,858 140,434 159,219 2,600
Inventories
Current Assets 456,737 907,465 840,797 956,093 1,150,922
1,950
Fixed Assets 865,292 1,402,270 1,589,307 1,553,307 1,574,858
Other Assets 33,310 - 13,398 3,263 3,024
1,300
Total Assets 1,586,226 2,600,775 2,844,086 2,986,270 3,249,598
Growth (%) 63.96% 9.36% 5.00% 8.82% 650

Long Term Liabilities 1,073,752 665,862 712,254 616,530 638,279 2012 2013 2014 2015 Jun-16
Total Liabilities 1,341,585 961,783 1,190,417 1,246,319 1,431,839
Growth (%) -28.31% 23.77% 4.70% 14.89%
1,740
Paid up Capital 100,000 115,610 115,610 115,610 115,610 1,818
1,639 1,654
Par Value 100 100 100 100 100
1,447
Retained Earnings 156,238 206,109 268,677 364,490 434,205

1,076
Total Equity 244,641 1,638,992 1,653,669 1,739,952 1,817,759

Growth (%) 569.96% 0.90% 5.22% 4.47% 705
245
Total Revenues 1,788,083 2,503,600 3,340,793 4,144,118 2,554,821

Growth (%) 40.02% 33.44% 24.05%
-36
2012 2013 2014 2015 Jun-16
Cost of Revenues 1,343,268 1,844,902 2,388,731 2,967,572 1,788,912

Gross Profit 444,815 658,698 952,062 1,176,547 765,909
Expenses (Income) 353,346 580,013 818,210 1,018,481 622,687
Operating Profit 91,468 78,685 133,852 158,066 143,222 4,144
-13.98% 70.11% 18.09%

4,144
Growth (%)
3,341
3,299
Other Income (Expenses) -14,447 -6,924 -40,346 -52,319 -26,302 2,504 2,555
1,788
Tax 25,062 21,569 33,799 44,041 38,406
1,608
Growth (%) -3.40% 18.96% 3.35%

763
Current Ratio (%) 170.66 306.66 175.84 151.81 145.03
79
Dividend (Rp) - - 5.20 - - 79
EPS (Rp) 50.46 43.14 54.12 60.89 60.01 62

60
BV (Rp) 244.64 1,417.69 1,430.39 1,505.02 1,572.32 62
52 50
DAR (X) 0.85 0.37 0.42 0.42 0.44
5.48 0.59 0.72 0.72 0.79
46
DER(X)
ROA (%) 3.28 1.93 2.10 2.07 2.42 30
ROE (%) 21.24 3.06 3.61 3.55 4.32

GPM (%) 24.88 26.31 28.50 28.39 29.98 14
OPM (%) 5.12 3.14 4.01 3.81 5.61

NPM (%) 2.91 2.00 1.79 1.49 3.07
-2
2012 2013 2014 2015 Jun-16

Payout Ratio (%) - - 9.61 - -
Yield (%) - - 0.04 - -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SMGR
SEMEN INDONESIA (PERSERO) TBK.
Company Profile
PT Semen Indonesia (Persero) Tbk. was established on March 25th, 1953 The Company
commenced commercial operations on August 7, 1957. The Company's controlling
shareholderistheGovernmentoftheRepublicofIndonesia.

ThescopeofactivitiesoftheCompanyinaccordancewiththeArticlesofAssociationand
being carried out during the reporting period is to engage in the cement industry. The
CompanysanditssubsidiariescementplantsarelocatedinGresikandTubaninEastJava,
Indarung in West Sumatera,Pangkep inSouthSulawesi and QuangNinh in Vietnam.The
Group'productsaremarketeddomesticallyandinternationally.

AsofJune30th,2016,theCompanyanditssubsidiarieshad6,553employees.

The subsidiaries of the company are established as Strategic Tools, in order to give the
maximumcontributions.Inaddition,theirexistenceisexpectedtoincurbeneficialsynergy
inordertoachievethepurposeinaccordancewiththestipulatedcorebusiness.Beloware
thesubsidiariesofthecompany:
PTSemenPadang, PTSGGEnergiPrima,
PTSepatimBatamtama, PTSGGPrimaBeton,
PTBimaSepajaAbadi, PTVariaUsahaBeton
PTSemenTonasa, PTKrakatauSemenIndonesia,
PTSemenGresik, PTSinergiInformatikaSemenIndonesia,
PTUnitedTractorsSemenGresik, ThangLongCementJointStockCompany,
PTIndustriKemasanSemenGresik, ThangLongCementJointStockCompany2,
PTKawasanIndustriGresik, AnPhuCementJointStockCompany.

In 2014 The Company obtain an award given by the Economic News media through the
"Living Legend Company & Everlasting Brand Award 2014". This award is a token of
appreciationforbusinessesbothSOEsandprivatecompaniesthathaveexistedfor more
than 50 years and has a good performance. Assessment of these companies is done not
onlyintermsofageandperformance,butalsoinnovationandstrategyinthefaceofcrisis.
August 2016
Disclaimer:

SMGR Semen Indonesia (Persero) Tbk. [S]
Industry Sub Sector : Cement (31) Market Capitalization : 55,608,000,000,000
18 | 55.6T | 0.99% | 57.53%
16 | 19.6T | 1.42% | 52.09%

Established Date : 25-Mar-1953 1. Pemerintah RI QQ Menteri Keuangan RI 3,025,406,000 : 51.01%
Under Writer IPO :
PT Buanamas Investindo DIVIDEND ANNOUNCEMENT
PT Ficorinvest Bonus Cash Recording Payment
F/I
PT Indovest Securities Year Shares Dividend Cum Date Ex Date Date Date
PT Merchant Investment Corporation 1991 284.70 12-Jun-92 15-Jun-92 22-Jun-92 13-Jul-92 F
PT Multicor 1992 267.75 14-Jun-93 15-Jun-93 24-Jun-93 22-Jul-93 F
PT Nikko Securities Indonesia 1993 164.18 13-Jul-94 14-Jul-94 21-Jul-94 19-Aug-94 F
PT Nomura Indonesia 1994 184.51 03-Jul-95 04-Jul-95 12-Jul-95 11-Aug-95 F
PT Primarindo Daya Investama 1995 109.62 11-Jul-96 12-Jul-96 22-Jul-96 20-Aug-96 F
Securities Administration Bureau : 1996 147.87 08-Jul-97 09-Jul-97 18-Jul-97 15-Aug-97 F
PT Datindo Entrycom 1997 156.82 09-Jul-98 10-Jul-98 20-Jul-98 18-Aug-98 F
Wisma Sudirman - Puri Datindo 1998 135.06 13-Jul-99 14-Jul-99 22-Jul-99 20-Aug-99 F
Phone : (021) 570-9009 2000 231.14 05-Jul-01 06-Jul-01 13-Jul-01 20-Jul-01 F
2002 115.03 18-Jul-03 21-Jul-03 23-Jul-03 06-Aug-03 F
1. Mahendra Siregar 2003 112.73 22-Dec-04 23-Dec-04 28-Dec-04 07-Jan-05 F
2. Achmad Jazidie 2004 39.67 05-Jan-05 06-Jan-05 10-Jan-05 18-Jan-05 I
3. Hadi Waluyo *) 2005 267.51 18-Jul-05 19-Jul-05 21-Jul-05 01-Aug-05
4. Marwanto Harjowirjono 2005 443.12 21-Jul-06 24-Jul-06 26-Jul-06 09-Aug-06 F
5. Muchammad Zaidun *) 2006 1,092.06 19-Jul-07 20-Jul-07 24-Jul-07 07-Aug-07 F
6. Sony Subrata 2007 149.66 29-May-08 30-May-08 03-Jun-08 17-Jun-08 F
7. Wahyu Hidayat 2008 215.19 21-Jul-09 22-Jul-09 24-Jul-09 07-Aug-09 F
*) Independent Commissioners 2009 58.00 07-Dec-09 08-Dec-09 10-Dec-09 23-Dec-09 I
2009 250.45 19-Jul-10 20-Jul-10 22-Jul-10 05-Aug-10 F
1. Suparni 2010 248.26 27-Jul-11 28-Jul-11 01-Aug-11 15-Aug-11 F
2. Ahyanizzaman 2011 330.89 17-Jul-12 18-Jul-12 20-Jul-12 03-Aug-12 F
3. Amat Pria Darma 2012 367.74 29-May-13 30-May-13 03-Jun-13 17-Jun-13 F
4. Aunur Rosyidi 2013 407.42 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
5. Gatot Kustyadji 2014 375.34 23-Apr-15 24-Apr-15 28-Apr-15 20-May-15 F
6. Johan Samudra 2015 304.91 20-May-16 23-May-16 25-May-16 16-Jun-16 F
7. Rizkan Chandra
ISSUED HISTORY
AUDIT COMMITTEE Listing Trading
1. Hadi Waluyo No. Type of Listing Shares Date Date
2. Achmad Jazidie 1. First Issue 40,000,000 08-Jul-91 08-Jul-91
3. Elok Tresnaningsih 2. Partial Listing 30,000,000 08-Jul-91 17-May-92
4. Sahat Pardede 3. Company Listing 78,288,000 02-Jun-95 02-Jun-95
4. Right Issue 444,864,000 10-Aug-95 10-Aug-95
CORPORATE SECRETARY 5. Stock Split 5,338,368,000 07-Aug-07 07-Aug-07
Agung Wiharto
HEAD OFFICE
Semen Gresik Main Building
Jln. Veteran
Gresik 61122
Phone : (021) 526-11745, (031) 398-17312
Fax : (021) 526-1176, (031) 398-3209
Homepage : www.semengresik.com
Email : corp.sec@sg.sggrp.com
agungw@sg.sggrp.com

TRADING ACTIVITIES
Semen Indonesia (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
20,000 80.0 Jan-12 12,950 10,750 11,300 31,022 210,657 2,414,273 21
Feb-12 11,700 10,400 11,250 29,475 290,757 3,283,417 21
17,500 70.0 Mar-12 12,650 11,050 12,250 23,712 156,721 1,871,958 21
Apr-12 12,650 11,600 12,150 17,193 134,207 1,629,480 20
May-12 12,400 10,400 10,950 23,702 217,770 2,436,384 21
15,000 60.0
Jun-12 11,650 9,900 11,300 24,678 150,083 1,665,904 21
Jul-12 13,600 11,250 12,950 25,606 178,845 2,139,748 22
12,500 50.0
Aug-12 13,500 11,700 12,400 24,809 148,524 1,869,739 19
Sep-12 14,550 12,100 14,450 22,738 153,409 2,076,999 20
10,000 40.0
Oct-12 15,300 14,000 14,900 20,580 167,042 2,442,691 22
Nov-12 15,300 14,200 14,800 19,316 158,215 2,325,714 20
7,500 30.0 Dec-12 16,950 14,400 15,850 33,063 183,180 2,785,728 18
5,000 20.0 Jan-13 16,500 14,800 15,750 36,762 178,167 2,774,872 21

Feb-13 17,350 15,650 17,350 25,757 127,417 2,087,807 20
2,500 10.0 Mar-13 19,050 16,750 17,700 33,701 163,665 2,914,490 19
Apr-13 19,000 17,550 18,400 30,277 174,546 3,160,011 22
May-13 19,150 17,800 18,000 34,933 170,557 3,163,710 22
Jun-13 18,100 15,100 17,100 62,937 338,786 5,634,798 19
Jul-13 17,350 14,500 15,200 56,573 251,155 3,838,600 23
Aug-13 16,100 11,350 12,600 48,611 218,078 2,926,645 17
Sep-13 16,100 12,000 13,000 58,179 271,286 3,754,482 21
Basic Industry and Chemicals Index Nov-13 14,450 12,500 12,800 40,588 214,362 2,844,746 20
January 2012 - July 2016 Dec-13 14,250 12,550 14,150 26,707 183,705 2,448,156 19
75%
Jan-14 15,900 13,775 14,200 55,849 192,064 2,808,267 20
60% Feb-14 15,275 13,500 15,000 52,652 170,519 2,515,811 20
Mar-14 17,400 14,600 15,800 61,774 237,643 3,743,636 20
45% Apr-14 17,050 14,800 14,850 69,330 235,917 3,757,029 20
May-14 16,050 14,175 14,725 66,131 273,242 4,131,554 18
33.5% Jun-14 15,475 14,700 15,075 53,891 171,469 2,598,357 21
30%
Jul-14 17,150 14,950 16,575 58,210 200,012 3,265,081 18
Aug-14 16,900 16,100 16,225 55,142 133,507 2,210,220 20
15%
Sep-14 16,500 14,700 15,425 60,859 164,556 2,624,106 22
8.3%
Oct-14 16,325 14,500 15,875 73,117 161,075 2,483,215 23
-
Nov-14 16,350 15,000 16,000 45,771 109,742 1,736,450 20
Dec-14 16,800 15,350 16,200 62,239 123,648 2,004,124 20
-15% -15.5%
Jan-15 16,475 13,950 14,575 86,580 270,215 4,033,800 21
-30% Feb-15 15,150 14,350 14,875 52,352 153,045 2,256,306 19
Mar-15 14,950 12,525 13,650 70,512 170,929 2,401,500 22
-45% Apr-15 13,875 12,400 12,500 56,978 172,031 2,302,086 21
Jun-15 13,575 11,800 12,000 46,571 92,958 1,178,852 21
Jul-15 12,350 9,900 10,100 55,477 119,013 1,330,665 19
Days 246 244 242 244 140 Dec-15 11,500 10,275 11,400 55,352 119,304 1,300,428 19
Price (Rupiah) Jan-16 11,475 10,000 11,050 57,333 159,850 1,708,818 20

High 16,950 19,150 17,400 16,475 11,475 Feb-16 11,175 9,925 10,250 56,610 140,574 1,491,946 20
Low 9,900 11,350 13,500 7,100 8,675 Mar-16 10,750 10,000 10,175 61,762 148,201 1,554,343 21
Close 15,850 14,150 16,200 11,400 9,375 Apr-16 10,800 9,800 9,900 50,072 127,500 1,319,702 21
Close* 15,850 14,150 16,200 11,400 9,375 May-16 9,900 8,675 9,000 58,603 146,011 1,342,001 20
Jun-16 9,350 8,700 9,350 62,183 148,752 1,344,282 22
PER (X) 19.09 15.63 17.63 14.96 15.85 Jul-16 9,850 8,950 9,375 78,841 355,241 3,346,668 16
PER Industry (X) 9.79 6.83 16.60 4.10 15.15
PBV (X) 5.18 3.85 4.09 2.46 2.26

Receivables 2,522,529 2,916,062 3,432,557 3,628,641 3,669,859

22,849,053 2,645,893 2,811,704 2,408,974 2,804,259 32,000
Inventories
Current Assets 8,231,297 9,972,110 11,648,545 10,538,704 9,487,256
24,000
Fixed Assets 16,794,115 18,862,518 20,221,067 25,167,683 27,330,100
Other Assets 54,223 224,136 326,264 360,109 362,832
16,000
Total Assets 26,579,084 30,792,884 34,314,666 38,153,119 39,117,980
Growth (%) 15.85% 11.44% 11.19% 2.53% 8,000

Growth (%) 6.83% 3.60% 15.04% 7.92%
Paid up Capital 593,152 593,152 593,152 593,152 593,152 25,002
Par Value 100 100 100 100 100
21,936
18,165
16,314
Total Equity 18,164,855 21,803,976 25,002,452 27,440,798 27,557,447

Growth (%) 20.03% 14.67% 9.75% 0.43% 10,692
Total Revenues 19,598,248 24,501,241 26,987,035 26,948,004 12,470,180

Growth (%) 25.02% 10.15% -0.14%
-551
2012 2013 2014 2015 Jun-16
Cost of Revenues 10,300,667 13,557,147 15,388,431 16,302,008 7,482,545

Gross Profit 9,297,581 10,944,094 11,598,604 10,645,996 4,987,636
Expenses (Income) 3,116,058 4,023,694 4,507,838 4,795,073 2,413,654
Operating Profit 6,181,524 - - - - 26,987 26,948
24,501
-100.00%
26,987
Growth (%)
21,482 19,598
Other Income (Expenses) 105,931 - - - -
12,470
Tax 1,360,814 1,566,101 1,517,189 1,325,482 582,704
Growth (%) 8.68% 4.10% -18.81%

4,966
Current Ratio (%) 170.59 188.24 220.90 159.70 133.65
5,574
5,354
Dividend (Rp) 367.74 407.42 375.34 304.91 -
4,927
5,574
EPS (Rp) 817.20 905.37 938.35 762.28 331.28 4,525

BV (Rp) 3,062.43 3,675.95 4,215.18 4,626.27 4,645.93 4,437
DAR (X) 0.32 0.29 0.27 0.28 0.30

0.46 0.41 0.37 0.39 0.42
3,300
DER(X)
ROA (%) 18.54 17.39 16.24 11.86 5.09 1,991
2,163
ROE (%) 27.12 24.56 22.29 16.49 7.23

GPM (%) 47.44 44.67 42.98 39.51 40.00 1,026
OPM (%) 31.54 - - - -

NPM (%) 25.14 21.85 20.65 16.79 15.97
-111
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 45.00 45.00 40.00 40.00 -
Yield (%) 2.32 2.88 2.32 2.67 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SMRA
SUMMARECON AGUNG TBK.
Company Profile
PT Summarecon Agung Tbk. was founded in 1975 to undertake real estate construction
and development. The Companys scope of activities engaged in the field of real estate
development as well as supporting facilities and operating within the services and trade.
Currently, the scope of the company's business is engaged in the sales / leasing of real
estate, shopping centers, office facilities, as well as a means supporting. The Company
started commercial operations in 1976. PT Semarop Agung was the last of the parent
entityoftheCompany.
Summarecon'sbusinessunitsarenowgroupedintothreedistinctactivities:
1. PropertyDevelopment
Property Development is Summarecon's core business. This business unit develops
propertyproductsforsalesuchasresidentialhouse,apartment,landplotsandcommercial
shoplots. These property projects are integral to the development of a township's
residential and commercial development and include supporting facilities such as
educationfacilities,sportsandrecreation,placesofworshipandhealthcarefacilities.
2. PropertyInvestmentandManagement
Thisbusinessunitdevelopspropertieswhichareretainedandleasedout,particularlyretail
shopping malls. The revenue stream from shopping malls and other rental properties
provide stable and consistent recurring incomes to the company. In each township
developmentisanareadesignatedasacentralbusinessdistrictwhereinashoppingmall
willprovideforfullrangeoffacilitiesthatmeetstheneedsofmodernsociety.
3. Leisure,HospitalityandOthers
Summarecon is also developing other properties including offices which are intended for
own corporate use, hotels and residential buildings to further support facilities in its
township.
To ensure the availabilty of readytodevelop land, company has been continuously
acquiring land for potential future developments in existing locations and in any new
strategic/potential locations. Our current available landbank are more than 1,500 ha
(existing and new location). Company also strengthening the business portfolio by
developingtheinvestmentproperties,leisureandhospitalitythatwillprovideaconsistent
stream of recurring revenues. The Company and Subsidiaries had 2,323 permanent
employeesatJune30th,2016.
August 2016
Disclaimer:

SMRA Summarecon Agung Tbk. [S]
42 | 24.5T | 0.44% | 72.22%
28 | 11.5T | 0.83% | 65.55%

Established Date : 26-Nov-1975 1. PT Semarop Agung 1,855,985,872 : 12.86%
Listing Date : 07-May-1990 2. PT Semarop Agung 1,812,802,632 : 12.57%
Under Writer IPO : 3. PT Sinarmegah Jayasentosa 942,080,224 : 6.53%
PT Danareksa Sekuritas 4. Bnymsanv Re Ams Re Stichting D 810,000,000 : 5.61%
PT Multicor 5. Public (<5%) 9,005,912,952 : 62.43%
PT Sirca Datapro Perdana DIVIDEND ANNOUNCEMENT
Jln. Johar No. 18 Bonus Cash Recording Payment
F/I
Menteng, Jakarta 10340 Year Shares Dividend Cum Date Ex Date Date Date
Phone : (021) 314-0032, 390-5920, 390-0645 1990 194.00 31-May-91 03-Jun-91 10-Jun-91 25-Jul-91 F
Fax : (021) 314-0185, 390-0652, 390-0671 1991 142.00 16-Jul-92 17-Jul-92 24-Jul-92 24-Aug-92 F
1992 60.00 13-Jul-93 14-Jul-93 21-Jul-93 31-Jul-93 F
1. Soetjipto Nagaria 1993 2:1 16-Feb-94 17-Feb-94 24-Feb-94 23-Mar-94 B
2. Edi Darnadi *) 1993 50 : 3 62.00 22-Jul-94 25-Jul-94 01-Aug-94 01-Sep-94 F
3. Esther Melyani Homan *) 1994 2:1 125.00 15-Dec-94 16-Dec-94 23-Dec-94 16-Jan-95 I
4. Harto Djojo Nagaria 1994 89.00 21-Jul-95 24-Jul-95 01-Aug-95 30-Aug-95 F
*) Independent Commissioners 1995 100 : 4 20.00 09-Jul-96 10-Jul-96 18-Jul-96 16-Aug-96 F
1996 11.00 28-Jul-97 29-Jul-97 06-Aug-97 04-Sep-97 F
BOARD OF DIRECTORS 1996 100 : 3 28-Jul-97 29-Jul-97 06-Aug-97 04-Sep-97 S
1. Adrianto Pitoyo Adhi 2000 25.00 24-Jul-01 25-Jul-01 01-Aug-01 20-Aug-01 F
2. Ge Lilies Yamin 2001 30.00 15-Jul-02 16-Jul-02 19-Jul-02 02-Aug-02 F
3. Herman Nagaria 2001 10 : 1 15-Jul-02 16-Jul-02 19-Jul-02 02-Aug-02 F
4. Lexy Arie Tumiwa 2002 10.00 15-Jul-03 16-Jul-03 18-Jul-03 21-Jul-03 F
5. Liliawati Rahardjo 2003 15.00 16-Jul-04 19-Jul-04 21-Jul-04 04-Aug-04 F
6. Sharif Benyamin 2005 18.00 18-Jul-05 19-Jul-05 20-Jul-05 03-Aug-05
7. Soegianto Nagaria 2005 15.00 13-Jul-06 14-Jul-06 18-Jul-06 01-Aug-06 F
8. Yong King Ching 2005 5:2 13-Jul-06 14-Jul-06 18-Jul-06 01-Aug-06 S
2006 13.00 08-Jun-07 11-Jun-07 13-Jun-07 27-Jun-07 I
AUDIT COMMITTEE 2007 11.00 21-May-08 22-May-08 26-May-08 09-Jun-08 F
1. Edi Darnadi 2008 3.00 30-Jun-09 01-Jul-09 03-Jul-09 17-Jul-09 F
2. Leo Andi Mancianno 2009 8.00 27-May-10 31-May-10 02-Jun-10 15-Jun-10 F
3. Neneng Martini 2010 10.00 28-Jun-11 30-Jun-11 04-Jul-11 18-Jul-11 I
2011 23.00 27-Jun-12 28-Jun-12 02-Jul-12 16-Jul-12 F
CORPORATE SECRETARY 2012 1:1 43.00 26-Jun-13 27-Jun-13 01-Jul-13 15-Jul-13 B
Michael Yong 2013 23.00 10-Jul-14 11-Jul-14 15-Jul-14 05-Aug-14 F
2015 5.00 30-Jun-16 01-Jul-16 12-Jul-16 27-Jul-16 F
HEAD OFFICE
Plaza Summarecon, Jln. Perintis Kemerdekaan No. 42 ISSUED HISTORY
Jakarta Timur 13210 Listing Trading
Phone : (021) 471-4567 No. Type of Listing Shares Date Date
Fax : (021) 489-2976 1. First Issue 6,667,000 07-May-90 07-May-90
2. Partial Listing 16,666,700 26-Jan-94 26-Jan-94
Homepage : www.summarecon.com 3. Bonus Shares 11,282,833,556 T: 24-Mar-94 : 15-Jul-13
Email : corp_secretary@summarecon.com 4. Stock Dividend 6,000,000 12-Sep-94 12-Sep-94
5. Company Listing 64,999,300 17-Jan-95 17-Jan-95
6. Stock Dividen 50,345,760 T: 19-Aug-96 : 02-Aug-02
7. Stock Split 1,664,183,040 T: 11-Nov-96 : 12-Aug-02
8. Additional Listing without RI 433,926,000 T: 17-Nov-05 : 23-Oct-12
9. Right Issue 459,014,453 25-Jul-07 25-Jul-07
10. Warrant 442,145,871 T: 17-Jan-08 : 25-Jun-10

TRADING ACTIVITIES
Summarecon Agung Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 720 Jan-12 1,400 1,170 1,200 6,429 134,454 169,578 21
Feb-12 1,320 1,100 1,290 7,872 229,937 286,861 21
1,750 630 Mar-12 1,610 1,250 1,570 9,064 274,582 391,369 21
Apr-12 1,870 1,570 1,730 17,128 854,547 1,410,931 20
May-12 1,830 1,420 1,420 12,631 270,187 441,513 21
1,500 540
Jun-12 1,620 1,370 1,620 7,451 150,482 226,314 21
Jul-12 1,700 1,530 1,620 7,648 137,647 221,865 22
1,250 450
Aug-12 1,660 1,380 1,470 7,030 113,212 178,266 19
Sep-12 1,690 1,470 1,680 7,395 122,714 195,074 20
1,000 360 1,750
Oct-12 1,750 1,610 5,768 222,532 373,493 22
Nov-12 2,000 1,730 1,920 9,139 188,716 349,843 20
750 270 Dec-12 2,100 1,820 1,900 11,641 180,261 349,136 18
500 180 Jan-13 1,950 1,710 1,890 17,801 305,075 560,276 21

Feb-13 2,500 1,860 2,325 15,874 289,483 603,334 20
250 90 Mar-13 2,525 2,150 2,475 11,644 264,854 626,267 19
Apr-13 2,675 2,150 2,600 14,632 373,884 882,856 22
May-13 3,050 2,550 2,800 18,664 314,882 885,175 22
Jun-13 2,825 1,150 1,290 25,478 422,548 991,867 19
Jul-13 1,320 940 1,000 35,902 1,100,648 1,152,747 23
Aug-13 1,070 660 780 27,271 870,003 779,300 17
Sep-13 1,050 690 930 29,817 1,024,278 909,108 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 1,140 880 1,050 30,037 896,981 898,351 21
Property, Real Estate and Bulding Construction Index Nov-13 1,080 780 900 19,911 566,805 507,534 20
January 2012 - July 2016 Dec-13 960 750 780 14,769 369,297 319,726 19
245%
Jan-14 980 745 955 27,739 484,736 434,071 20
210% Feb-14 1,085 910 1,005 32,185 680,056 676,697 20
Mar-14 1,180 980 1,065 27,115 528,787 573,389 20
175% 177.9% Apr-14 1,150 940 1,110 26,857 587,245 633,586 20
May-14 1,305 1,080 1,255 19,968 420,392 515,282 18
140% 141.2% Jun-14 1,270 1,090 1,135 21,300 275,513 325,634 21
Jul-14 1,405 1,095 1,350 41,560 757,675 977,499 18
Aug-14 1,415 1,270 1,340 32,205 483,471 646,706 20
105%
Sep-14 1,350 1,195 1,220 40,295 662,162 836,334 22
Oct-14 1,310 1,040 1,260 34,690 627,001 749,899 23
70%
Nov-14 1,475 1,220 1,460 29,571 458,840 615,277 20
Dec-14 1,615 1,300 1,520 29,385 550,649 842,088 20
35% 35.2%
Jan-15 1,760 1,470 1,650 40,621 660,999 1,064,832 21
- Feb-15 1,880 1,605 1,815 33,126 505,458 887,016 19
Mar-15 1,835 1,585 1,720 64,624 1,055,330 1,768,316 22
-35% Apr-15 1,975 1,705 1,780 120,547 998,159 1,851,732 21
Jun-15 1,975 1,560 1,635 67,292 728,188 1,287,622 21
Jul-15 1,815 1,600 1,740 45,986 341,149 585,689 19
Volume (Million Sh.) 2,879 6,799 6,517 9,191 4,289 Sep-15 1,640 950 1,120 78,406 894,023 1,149,029 21
Days 246 244 242 244 140 Dec-15 1,665 1,415 1,650 44,026 360,941 561,552 19
Price (Rupiah) Jan-16 1,645 1,405 1,445 49,545 566,338 855,165 20

High 2,100 3,050 1,615 2,000 1,900 Feb-16 1,685 1,375 1,595 45,420 557,394 863,654 20
Low 1,100 660 745 950 1,355 Mar-16 1,760 1,560 1,585 47,676 611,816 1,008,800 21
Close 1,900 780 1,520 1,650 1,695 Apr-16 1,700 1,470 1,565 49,170 646,120 1,017,908 21
Close* 950 780 1,520 1,650 1,695 May-16 1,620 1,355 1,600 51,307 569,474 833,492 20
Jun-16 1,825 1,540 1,810 52,330 721,673 1,232,400 22
PER (X) 17.30 10.21 18.61 27.84 544.21 Jul-16 1,900 1,650 1,695 57,492 616,055 1,089,325 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 3.59 2.42 4.00 3.16 3.52

Receivables 138,931 275,967 85,514 152,036 255,106

2,819,764 3,058,266 3,103,252 4,924,807 5,113,236 16,000
Inventories
Investment 3,699 284,282 - - -
12,000
Fixed Assets 282,418 351,832 366,762 420,472 408,191
Other Assets - 67,756 144,088 167,750 175,516
8,000
Total Assets 10,876,387 13,659,137 15,379,479 18,758,262 19,751,214
Growth (%) 25.59% 12.59% 21.97% 5.29% 4,000
Bank Payable 822,823 1,911,032 2,698,704 3,721,447 4,505,618 -

Growth (%) 27.48% 4.28% 19.62% 8.35%
7,530
Paid up Capital 721,339 1,442,678 1,442,678 1,442,678 1,442,678 7,585

Par Value 100 100 100 100 100
6,038
4,658
4,490
3,815
Total Equity 3,815,400 4,657,667 5,992,636 7,529,750 7,585,148
Growth (%) 22.08% 28.66% 25.65% 0.74% 2,943
Total Revenues 3,463,163 4,093,789 5,333,593 5,623,561 2,317,539

Growth (%) 18.21% 30.28% 5.44%
-152
2012 2013 2014 2015 Jun-16
Cost of Revenues 1,871,176 1,943,287 2,545,542 2,716,756 1,257,126

Gross Profit 1,591,987 2,150,503 2,788,051 2,906,805 1,060,412
Operating Expenses 581,085 803,365 929,013 1,115,408 534,029
Operating Profit 1,010,901 1,347,138 1,859,038 1,791,397 526,384 5,624
5,334
33.26% 38.00% -3.64%
5,624
Growth (%)
4,476 4,094
Tax 194,309 223,537 296,582 318,103 133,182 2,318
Growth (%) 38.35% 26.61% -23.31%

1,035
Period Attributable 797,814 1,102,177 1,398,294 855,186 24,521 -112
Comprehensive Attributable 787,814 1,102,177 1,398,294 877,547 35,706
Dividend (Rp) 43.00 23.00 - 5.00 -
1,388
EPS (Rp) 110.60 76.40 96.92 59.28 1.70 1,388
BV (Rp) 528.93 322.85 415.38 521.93 525.77 1,096 1,064

DAR (X) 0.65 0.66 0.61 0.60 0.62 1,104
DER(X) 1.85 1.93 1.57 1.49 1.60 792

7.28 8.02 9.02 5.67 0.66
821
ROA (%)
ROE (%) 20.76 23.53 23.15 14.13 1.73 538
GPM (%) 45.97 52.53 52.27 51.69 45.76

OPM (%) 29.19 32.91 34.86 31.86 22.71 255
131
NPM (%) 22.87 26.77 26.01 18.92 5.65
Payout Ratio (%) 38.88 30.11 - 8.43 -
-28
2012 2013 2014 2015 Jun-16

Yield (%) 2.26 2.95 - 0.30 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SRIL
SRI REJEKI ISMAN TBK.
Company Profile

PTSriRejekiIsmanTbk.wasestablisheddatedMay22,1978inSurakarta.Thescopeof
majoractivitiesoftheCompanyconsistsofspinning,weaving,dyeing,printing,finishingof
fabricandmanufacturingofgarments.TheCompanystarteditscommercialoperationsin
1978.

TheCompanysvisionistobethelargest,mostreputableandtrustedglobaltextileand
garment producer. The Biggest Integrated Vertical Textile Garment Producer In South
EastAsia.Sritexhasachievedaglobalrecognition&serves55countriesworldwide

Sritex, currently exports 48 percent of its products to around 30 countries in Asia,
including Papua New Guinea and Timor Leste, the Middle East, including the UAE and
Qatar, Europe, including Germany, Sweden, Norway and the Netherlands, the US and
Africa.Forfurtherexpandmarket,Sritexwillexporttoatleastfivemorecountriesina
bidtoboostitstotalrevenuesbyaminimum10percentthisyear.

Sritexs versatility has enabled it to penetrate the international fashion market with its
topnotchinternationalhighfashionclienteleofmorethan100householdnamebrands.
Sritexsclientlistincludeprominentplayersinthefashionsceneallacrosstheglobe,from
childrens lines, retailers such as Walmart and Sears, to big fashion lines such as Guess,
H&Mandmanymore.Highqualitytranslatestohighcustomerretention,alotofSritexs
customerreturnstoSritexandbecomespartnerstodeveloptheirproductsanddesign.

Ecological protection is the key driver behind Sritexs innovation on waste water
treatment. Sritex continuously improves its technologies of waste water treatment in
aiding the process of residual waste and to ensure its accordance to the international
environmentalregulations.
The Company have 2 direct ownership subsidiaries, PT Sinar Pantja Djaja and Golden
LegacyPte.Ltd.,andIndirectsubsidiaryisGoldenMountainTextileandTradingPte.Ltd.
As of June 30th, 2016, the Company and its Subsidiary had a total number of 17,643
employees.
August 2016
Disclaimer:

SRIL Sri Rejeki Isman Tbk.
Industry Sector : Miscellaneous Industry (4) Listed Shares : 18,592,888,040
Industry Sub Sector : Textile, Garment (43) Market Capitalization : 4,908,522,442,560
153 | 4.91T | 0.09% | 92.46%
34 | 9.69T | 0.70% | 70.14%

Established Date : 22-May-1978 1. PT Huddleston Indonesia 10,425,274,040 : 56.07%
Listing Date : 17-Jun-2013 2. Standard Chartered Bank SG PVB Clients AC 2,558,734,000 : 13.76%
Under Writer IPO : 3. PT Prudential Life Assurance-Ref 1,119,661,700 : 6.02%
PT Bahana Securities 4. Public (<5%) 4,489,218,300 : 24.15%
PT Adimitra Jasa Korpora DIVIDEND ANNOUNCEMENT
Rukan Kirana Boutique Office Bonus Cash Recording Payment
F/I
Jln. Kirana Avenue III Blok F3 No. 5, Kelapa Gading, Jakarta Utara Year Shares Dividend Cum Date Ex Date Date Date
Fax : 2014 5.38 06-Jul-15 07-Jul-15 09-Jul-15 31-Jul-15 F
2015 3.00 25-May-16 26-May-16 30-May-16 17-Jun-16 F
BOARD OF COMMISSIONERS
1. Susyana Lukminto ISSUED HISTORY
2. Megawati Listing Trading
3. Sudjarwadi *) No. Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 5,600,000,000 17-Jun-13 17-Jun-13
2. Company Listing 12,992,888,040 17-Jun-13 17-Jun-13
BOARD OF DIRECTORS
1. Iwan Setiawan
2. Allan Moran Severino
3. Arief Halim
4. Eddy Prasetyo Salim
5. Iwan Kurniawan Lukminto
6. M. Nasir Tamara Tamimi
7. Phalguni Mukhopadyay
AUDIT COMMITTEE
1. Sudjarwadi
2. lda Bagus Oka Nila
3. Yose Rizal
CORPORATE SECRETARY
Welly Salam
HEAD OFFICE
Jln. K.H. Samanhudi 88
Jetis, Sukoharjo
Jawa Tengah
Phone : (0271) 593-488; (021) 380-9115; (0271) 380-9115; (0271) 310-0996;
Fax : (0271) 593-488
Homepage : www.sritex.co.id
Email : welly.salam@sritex.co.id; welly_salam@yahoo.com
istanto@sritex.co.id
cmo@sritex.co.id

TRADING ACTIVITIES
Sri Rejeki Isman Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
Price* June 2013 - July 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
480 3,200 Jun-13 290 200 240 4,338 3,348,240 805,220 10
Jul-13 240 196 240 2,927 410,603 89,744 23
420 2,800 Aug-13 330 225 275 9,513 1,311,972 351,578 17
Sep-13 305 235 245 7,534 872,011 227,117 21
Oct-13 290 240 265 5,520 606,148 161,184 21
360 2,400
Nov-13 275 240 250 5,281 713,199 185,761 20
Dec-13 275 225 245 5,400 651,303 159,427 19
300 2,000
Jan-14 303 230 296 9,644 905,583 240,642 20

240 1,600
Feb-14 296 241 257 15,670 948,067 249,258 20
Mar-14 291 182 222 48,617 2,164,168 482,506 20
180 1,200 Apr-14 230 186 190 43,182 734,908 149,198 20
May-14 219 190 204 21,379 803,788 164,944 18
120 800 Jun-14 210 173 179 11,540 309,003 59,782 21
Jul-14 186 150 157 14,895 484,811 81,768 18
60 400 Aug-14 178 152 152 22,042 784,219 127,886 20
Sep-14 167 127 129 35,591 1,391,467 195,194 22
Oct-14 173 120 167 22,637 1,145,391 168,265 23
Nov-14 182 140 172 36,199 1,935,546 311,164 20
Jun-13 Jun-14 Jun-15 Jun-16
Dec-14 172 151 163 31,612 979,420 158,637 20
Jan-15 180 149 155 26,148 1,994,729 315,639 21

Closing Price*, Jakarta Composite Index (IHSG) and Feb-15 166 148 153 28,613 2,051,613 319,408 19
Miscellaneous Industry Index Mar-15 270 152 229 167,822 8,131,661 1,742,646 22
June 2013 - July 2016 Apr-15 279 229 271 112,951 7,701,622 1,977,162 21
100% May-15 350 271 339 114,262 3,327,174 1,073,958 19
Jun-15 349 269 303 104,878 2,929,507 934,877 21
80% Jul-15 497 304 470 231,373 8,903,014 3,580,929 19
Aug-15 495 283 325 244,239 6,980,305 2,660,259 20
60% Sep-15 417 316 384 93,795 2,335,340 844,763 21
Oct-15 417 366 379 50,890 918,404 362,221 21
40% Nov-15 398 323 372 49,201 727,982 269,862 21
Dec-15 395 350 389 78,428 1,176,910 450,095 19
20%
Jan-16 417 256 266 162,832 3,099,188 1,029,980 20
9.2%
5.6% Feb-16 291 232 241 135,436 2,901,948 762,344 20
- 2.7%
Mar-16 328 241 323 123,430 4,191,918 1,213,137 21
Apr-16 324 286 288 61,737 1,966,921 594,820 21
-20% May-16 296 250 272 60,798 2,110,777 572,625 20
Jun-16 288 254 260 58,820 1,942,871 520,227 22
-40% Jul-16 284 256 264 37,770 1,499,067 406,218 16
-60%
Jun 13 Jun 14 Jun 15 Jun 16

Volume (Million Sh.) 7,913 12,586 47,178 17,713
Value (Billion Rp) 1,980 2,389 14,532 5,099
Frequency (Thou. X) 41 313 1,303 641
Days 131 242 244 140
Price (Rupiah)
High 330 303 497 417
Low 196 120 148 232
Close 245 163 389 264
Close* 245 163 389 264
PER (X) 14.71 8.58 9.42 5.91

PER Industry (X) 13.91 14.44 0.95 8.77
PBV (X) 1.96 1.19 1.89 1.28

Public Accountant : Tanubrata Sutanto Fahmi & Rekan (Member of BDO International Limited)
Cash & Cash Equivalents 74,440 1,014,831 1,130,591 958,158 12,500
Receivables 741,126 1,607,225 1,497,681 1,775,432

1,458,638 1,362,611 1,990,249 1,910,358 10,000
Inventories
Current Assets 2,342,148 4,005,530 4,736,230 4,754,123
7,500
Fixed Assets 3,047,672 4,011,821 6,461,933 6,046,658
Other Assets 15,982 51,636 - -
5,000
Total Assets 5,590,982 8,691,096 11,481,513 11,226,561
Growth (%) 55.45% 32.11% -2.22% 2,500
Current Liabilities 2,232,337 751,756 984,296 842,276 -

Long Term Liabilities 1,039,045 5,041,546 6,441,022 6,503,089 2013 2014 2015 Jun-16
Total Liabilities 3,271,382 5,793,302 7,425,318 7,345,365
Growth (%) 77.09% 28.17% -1.08%
Authorized Capital 5,000,000 5,000,000 5,000,000 5,000,000 4,056
3,881
Paid up Capital 1,859,289 1,859,289 1,859,289 1,859,289
Paid up Capital (Shares) 18,593 18,593 18,593 18,593
100 100 100 100 2,898
Par Value
3,229
Retained Earnings 333,784 945,521 1,792,408 1,860,583 2,320

2,401
Total Equity 2,319,599 2,897,795 4,056,195 3,881,196

Growth (%) 24.93% 39.98% -4.31% 1,574
Total Revenues 4,714,576 6,897,287 9,116,561 4,889,859

Growth (%) 46.30% 32.18%
-81
2013 2014 2015 Jun-16
Cost of Revenues 3,696,164 5,374,885 7,161,091 3,885,604

Gross Profit 1,018,412 1,522,402 1,955,470 1,004,255
Expenses (Income) 350,516 348,920 517,779 232,810
Operating Profit 667,896 1,173,481 1,437,692 771,445 9,117
75.70% 22.52%
9,117
Growth (%)
7,257
6,897
Other Income (Expenses) -205,071 -353,213 -491,074 -276,996

Income before Tax 462,825 820,269 946,618 494,449 5,397
4,715 4,890
Tax 133,657 192,022 130,752 72,698

Growth (%) 102.91% 29.87%

1,677
Period Attributable 309,603 556,631 815,824 421,776 -182
Comprehensive Income 309,603 556,594 810,329 281,677 2013 2014 2015 Jun-16
Comprehensive Attributable 309,603 556,631 810,281 281,703
Current Ratio (%) 104.92 532.82 481.18 564.44
816
Dividend (Rp) 2.00 5.38 3.00 - 816
EPS (Rp) 16.65 29.94 43.88 22.68 628

BV (Rp) 124.76 155.86 218.16 208.75 649
DAR (X) 0.59 0.67 0.65 0.65

422
1.41 2.00 1.83 1.89
483
DER(X)
310
ROA (%) 5.54 7.23 7.11 3.76 317
ROE (%) 13.35 21.68 20.11 10.87

GPM (%) 21.60 22.07 21.45 20.54 150
OPM (%) 14.17 17.01 15.77 15.78

NPM (%) 6.57 9.11 8.95 8.62
-16
2013 2014 2015 Jun-16

Payout Ratio (%) 12.01 17.97 6.84 -
Yield (%) 0.82 3.30 0.77 -

COMPANY REPORT
SSMS
SAWIT SUMBERMAS SARANA TBK.
Company Profile

PT Sawit Sumbermas Sarana Tbk. was established in Jakarta dated November 22, 1995.
ThescopeofCompanysactivitiesisagriculture,trade,andindustry.

The Company commenced its commercial operations in 2005. The company is primarily
involvedintheoperationsofoilpalmplantationsandapalmoilmillwhichproducescrude
palmoilandpalmkernelwithprocessingcapacitiesof90MToffreshfruitbunches(FFB)
perhour.OnApril12,2013,theCompanyhasstartedtheproductionofthesecondpalm
oilmillwithprocessingcapacitiesof60MTperhour.Theoilpalmplantationandbothpalm
oilmillarelocatedinArutSelatan,KotawaringinBarat,CentralKalimantan.

AsofJune30th,2016,theCompanyanditssubsidiarieshad4,947permanentemployees.

TheCompanyhasdirectandindirectownershipinterestsintheconsolidatedsubsidiaries,
areasfollows:
PTKalimantanSawitAbadi,
PTMitraMendawaiSejati,
PTTanjungSawitAbadi,
PTSawitMultiUtama,
PTMirzaPratama,
PTMentengKencana,
PTSawitMandiriLestari,
PTAhmadSaleh.

August 2016
Disclaimer:

SSMS Sawit Sumbermas Sarana Tbk. [S]
59 | 16.0T | 0.28% | 78.28%
10 | 29.2T | 2.10% | 42.68%

Established Date : 22-Nov-1995 1. PT Citra Borneo Indah 2,689,692,800 : 28.24%
Listing Date : 12-Dec-2013 2. PT Prima Sawit Borneo 1,300,000,000 : 13.65%
Under Writer IPO : 3. PT Mandiri Indah Lestari 1,300,000,000 : 13.65%
PT BNP Paribas Securities Indonesia 4. PT Putra Borneo Agro Lestari 894,262,200 : 9.39%
PT Mandiri Sekuritas 5. SSB Rua1 S/A Falcon Private Bank Ltd.- 2144606729 802,500,000 : 8.43%
PT RHB OSK Securities Indonesia 6. Public (<5%) 2,538,545,000 : 26.64%
PT Datindo Entrycom DIVIDEND ANNOUNCEMENT
Wisma Sudirman - Puri Datindo Bonus Cash Recording Payment
F/I
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 Year Shares Dividend Cum Date Ex Date Date Date
Phone : (021) 570-9009 2014 22.65 24-Apr-15 27-Apr-15 29-Apr-15 21-May-15 F
BOARD OF COMMISSIONERS ISSUED HISTORY

1. Bungaran Saragih Listing Trading
2. Marzuki Usman *) No. Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 1,500,000,000 12-Dec-13 12-Dec-13
2. Company Listing 8,025,000,000 12-Dec-13 12-Dec-13
BOARD OF DIRECTORS
1. Rimbun Situmorang
2. Harry Mohammad Nadir
3. Ramzi Sastra
4. Vallauthan Subraminam
AUDIT COMMITTEE
1. Marzuki Usman
2. Wahyudi Susanto
3. Zulfitry Ramdan
CORPORATE SECRETARY
Harry M. Nadir
HEAD OFFICE
Equity Tower 43rd Fl., Suite 43 D, SCBD Lot. 9
Jln. Jend. Sudirman Kav. 52-53
Jakarta 12190
Phone : (021) 2903-5401
Fax : (021) 2903-5405
Homepage : www.ssms.co.id
Email : hadi@ssms.co.id
corporate@ssms.co.id

TRADING ACTIVITIES
Sawit Sumbermas Sarana Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* December 2013 - July 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
2,400 1,600 Dec-13 850 670 820 40,829 1,031,455 790,493 11
2,100 1,400 Jan-14 940 780 840 90,546 1,525,166 1,313,401 20

Feb-14 1,000 795 995 124,186 1,968,412 1,819,170 20
Mar-14 1,105 970 1,035 151,752 2,801,526 2,882,007 20
1,800 1,200
Apr-14 1,215 1,035 1,200 124,281 1,499,197 1,678,780 20
May-14 1,330 1,185 1,245 109,941 1,336,469 1,694,579 18
1,500 1,000
Jun-14 1,305 1,230 1,245 138,806 853,528 1,084,394 21
Jul-14 1,290 1,130 1,265 96,713 850,674 1,029,194 18
1,200 800
Aug-14 1,360 1,245 1,305 95,927 994,842 1,280,910 20
Sep-14 1,450 1,255 1,265 191,666 1,626,852 2,252,941 22
900 600 Oct-14 1,285 970 1,245 132,232 1,118,780 1,343,498 23
Nov-14 1,490 1,105 1,460 121,970 1,046,976 1,364,530 20
600 400 Dec-14 1,700 1,430 1,665 73,625 953,444 1,460,547 20
300 200 Jan-15 1,735 1,605 1,650 106,690 964,382 1,624,413 21

Feb-15 2,005 1,635 1,985 96,459 880,303 1,547,313 19
Mar-15 2,040 1,950 1,990 90,903 1,051,135 2,095,972 22
Apr-15 2,185 1,855 1,900 81,703 1,050,938 2,146,096 21
Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16
May-15 2,425 1,895 2,350 74,128 1,594,465 3,350,131 19
Jun-15 2,350 1,755 1,845 74,060 1,405,027 2,645,755 21
Jul-15 2,035 1,830 1,965 84,049 2,452,024 4,652,566 19
Closing Price*, Jakarta Composite Index (IHSG) and Aug-15 1,980 1,560 1,615 57,854 1,261,217 2,300,148 20
Agriculture Index Sep-15 1,735 1,520 1,615 113,300 1,334,266 2,185,068 21
December 2013 - July 2016 Oct-15 2,050 1,620 1,900 142,293 1,408,432 2,616,336 21
245% Nov-15 1,970 1,555 1,580 113,733 1,563,679 2,706,985 21
Dec-15 2,050 1,555 1,950 101,789 1,696,965 2,861,298 19
210%
Jan-16 2,035 1,660 1,985 114,379 1,620,597 2,929,389 20
175% Feb-16 2,010 1,840 1,980 125,667 1,459,749 2,836,047 20
Mar-16 2,075 1,880 1,925 117,266 1,283,665 2,524,871 21
140% Apr-16 1,945 1,850 1,855 93,911 1,181,990 2,247,539 21
132.6% May-16 1,915 1,585 1,760 63,293 1,054,475 1,922,908 20
Jun-16 1,895 1,765 1,880 52,538 1,381,553 2,538,561 22
105%
Jul-16 1,920 1,665 1,675 23,179 824,668 1,497,674 16
70%
35%
23.8%
-
-11.7%
-35%
Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16

Volume (Million Sh.) 1,031 16,576 16,663 8,807
Value (Billion Rp) 790 19,204 30,732 16,497
Frequency (Thou. X) 41 1,452 1,137 590
Days 11 242 244 140
Price (Rupiah)
High 850 1,700 2,425 2,075
Low 670 780 1,520 1,585
Close 820 1,665 1,950 1,675
Close* 820 1,665 1,950 1,675
PER (X) 13.54 25.60 33.11 52.86

PER Industry (X) 15.46 19.34 -6.37 9.28
PBV (X) 3.37 5.78 6.12 4.95

Receivables 23,408 199,500 160,673 822,689 793,584

99,053 45,809 67,667 164,189 188,974 6,000
Inventories
Current Assets 545,163 1,957,546 2,300,594 1,732,968 1,853,868
4,500
Fixed Assets 651,905 593,891 596,197 2,298,868 2,294,805
Other Assets 86,850 250,512 241,486 48,678 39,112
3,000
Total Assets 2,113,611 3,701,917 4,032,885 6,973,851 7,069,926
Growth (%) 75.15% 8.94% 72.92% 1.38% 1,500
Current Liabilities 557,642 697,129 509,465 1,302,633 921,784 -

Long Term Liabilities 1,089,928 688,518 518,821 2,637,166 2,964,990 2012 2013 2014 2015 Jun-16
Growth (%) -15.90% -25.79% 283.14% -1.35%
3,005 3,034
Paid up Capital 412,500 952,500 952,500 952,500 952,500 3,183

2,316
Par Value 100 100 100 100 100
2,534
Retained Earnings 6,619 443,443 1,113,039 1,459,853 1,608,955

1,884
Total Equity 466,041 2,316,270 3,004,600 3,034,052 3,183,153

Growth (%) 397.01% 29.72% 0.98% 4.91% 1,235
466
Total Revenues 1,880,275 1,962,435 2,180,673 2,371,878 494,532

Growth (%) 4.37% 11.12% 8.77%
-64
2012 2013 2014 2015 Jun-16
Cost of Revenues 891,088 949,458 1,027,885 1,123,966 229,461

Gross Profit 989,187 1,012,977 1,152,788 1,247,912 265,071
Expenses (Income) 113,249 74,648 219,724 362,403 33,486
Operating Profit 875,938 938,329 933,065 885,509 231,585 2,372
2,181
7.12% -0.56% -5.10%
2,372
Growth (%) 1,962

1,880
1,888
Other Income (Expenses) -110,764 -84,910 53,824 -110,060 -38,307

Tax 203,478 221,750 249,059 188,305 44,177

Profit for the period 561,695 631,669 737,830 587,144 149,101 920
495
Growth (%) 12.46% 16.81% -20.42%
436
Period Attributable 473,980 576,824 719,097 -26,231 149,101 -47
Comprehensive Attributable 337,535 576,824 719,097 -26,578 149,101
Current Ratio (%) 97.76 280.80 451.57 133.04 201.12
738
Dividend (Rp) - - 22.65 17.67 - 738
632
EPS (Rp) 114.90 60.56 75.50 -2.75 15.65 587
562
BV (Rp) 112.98 243.18 315.44 318.54 334.19 587
DAR (X) 0.78 0.37 0.25 0.56 0.55

3.54 0.60 0.34 1.30 1.22
437
DER(X)
ROA (%) 26.58 17.06 18.30 8.42 2.11 286
ROE (%) 120.52 27.27 24.56 19.35 4.68 149

GPM (%) 52.61 51.62 52.86 52.61 53.60 136
OPM (%) 46.59 47.81 42.79 37.33 46.83

NPM (%) 29.87 32.19 33.83 24.75 30.15
-15
2012 2013 2014 2015 Jun-16

Payout Ratio (%) - - 30.00 -641.50 -
Yield (%) - - 1.36 0.91 -

COMPANY REPORT
TLKM
TELEKOMUNIKASI INDONESIA
(PERSERO) TBK.
Company Profile
We are a stateowned enterprise that operates in the telecommunications and network

servicessectorinIndonesia.Wearesubjecttotheprevailinglawsandregulationsinthis
country.Givenitsstatusasastateownedenterprisewhosesharesaretradedonthestock
market, the Government of the Republic of Indonesia is the Companys majority
shareholder,whiletheremaindoftheCompanyscommonstockisownedbythepublic.
TheCompanyssharesaretradedontheIndonesiaStockExchange(IDX)andtheNewYork
StockExchange(NYSE).
As stated in our Articles of Association, our business is to provide telecommunications
networks and telecommunications and information services, and to optimize the
Companys resources. To attain the aforementioned objectives, the Company may
undertakebusinessactivitiesthatincorporatethefollowing:
1. MainBusiness
a. To plan, build, deliver, develop, operate, marketor sell/lease, and maintain
telecommunications and information networksin the broadest sense with
respecttoprovisionsoflawsandregulations.
b. Toplan,develop,deliver,marketorsellandimprovetelecommunicationsand
information servicesin the broadest sense with respect to provisions of laws
andregulations.
2. SupportingBusiness
a. To provide payment transaction and remittance services via
telecommunicationsandinformationnetworks.
b. To carry out activities and other undertakings in respect of optimizing the
Companysresources,amongotherstheutilizationoftheCompanysproperty,
plant and equipment and movable assets, information system facilities,
educationandtrainingfacilitiesandmaintenanceandrepairfacilities.
The Company and its subsidiaries (Group) had a total of 24,563 employees as of June
30th,2016
August 2016
Disclaimer:

TLKM Telekomunikasi Indonesia (Persero) Tbk. [S]
Industry Sub Sector : Telecommunication (73) Market Capitalization : 426,383,984,772,000
1 | 426.4T | 7.60% | 7.60%
1 | 92.4T | 6.67% | 6.67%

Established Date : 24-Sep-1991 1. Negara Republik Indonesia 51,602,353,560 : 51.19%
Under Writer IPO :
PT Bahana Securities DIVIDEND ANNOUNCEMENT
F/I
PT Makindo Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1995 24.48 07-Jun-96 10-Jun-96 18-Jun-96 17-Jul-96 F
PT Datindo Entrycom 1996 41.25 13-May-97 14-May-97 23-May-97 20-Jun-97 F
Wisma Sudirman - Puri Datindo 1997 32.75 22-May-98 25-May-98 02-Jun-98 01-Jul-98 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 1997 15.75 23-Nov-98 24-Nov-98 02-Dec-98 30-Dec-98 F
Phone : (021) 570-9009 1998 35.69 24-May-99 25-May-99 02-Jun-99 01-Jul-99 F
Fax : (021) 570-9026 1998 50 : 4 24-Jun-99 25-Jun-99 05-Jul-99 02-Aug-99 B
1998 15.30 24-May-99 25-May-99 02-Jun-99 30-Dec-99 F
BOARD OF COMMISSIONERS 1999 53.88 26-Apr-00 27-Apr-00 05-May-00 22-May-00 F
1. Hendri Saparini 1999 53.88 09-Oct-00 10-Oct-00 18-Oct-00 01-Nov-00 F
2. Dolfie Othniel Fredric Palit 2000 44.08 31-May-01 01-Jun-01 07-Jun-01 21-Jun-01 I
3. Hadiyanto 2000 44.08 10-Oct-01 11-Oct-01 17-Oct-01 31-Oct-01 F
4. Margiyono Darsasumarja *) 2001 210.82 24-Jul-02 25-Jul-02 30-Jul-02 12-Aug-02 F
5. Pamiyati Pamela Johana Waluyo *) 2002 331.16 03-Jun-03 04-Jun-03 06-Jun-03 12-Jun-03 F
6. Pontas Tambunan 2003 301.95 23-Aug-04 24-Aug-04 26-Aug-04 07-Sep-04 F
7. Rinaldi Firmansyah *) 2004 7.11 23-Dec-04 27-Dec-04 29-Dec-04 06-Jan-05 I
*) Independent Commissioners 2005 144.90 15-Jul-05 18-Jul-05 20-Jul-05 03-Aug-05
2005 218.86 21-Jul-06 24-Jul-06 26-Jul-06 09-Aug-06 F
1. Alex Janangkih Sinaga 2006 254.76 20-Jul-07 23-Jul-07 25-Jul-07 08-Aug-07 F
2. Abdus Somad Arief 2007 48.45 29-Nov-07 30-Nov-07 04-Dec-07 18-Dec-07 I
3. Dian Rachmawan 2007 309.42 11-Jul-08 14-Jul-08 16-Jul-08 31-Jul-08 F
4. Harry Mozarta Zen 2007 97.73 09-Oct-08 10-Oct-08 14-Oct-08 28-Oct-08 F
5. Herdy Rosadi Harman 2008 296.94 07-Jul-09 08-Jul-09 10-Jul-09 27-Jul-09 F
6. Honesti Basyir 2009 26.65 09-Dec-09 10-Dec-09 14-Dec-09 29-Dec-09 I
7. Indra Utoyo 2009 261.41 07-Jul-10 08-Jul-10 12-Jul-10 26-Jul-10 F
8. Muhamad Awaluddin 2010 26.75 22-Dec-10 23-Dec-10 28-Dec-10 11-Jan-11 I
2010 295.84 13-Jun-11 14-Jun-11 16-Jun-11 01-Jul-11 F
AUDIT COMMITTEE 2011 371.05 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
1. Rinaldi Firmansyah 2012 436.10 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
2. Dolfie Othniel Fredric Palit 2013 102.40 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
3. Margiyono Darsasumarja 2015 94.64 29-Apr-16 02-May-16 04-May-16 26-May-16 F
4. Sarimin Mietra Sardi
5. Tjatur Purwadi ISSUED HISTORY
Listing Trading
Andi Setiawan 1. Negara RI (Seri A) 1 14-Nov-95 -
2. Negara RI (Seri B) (C/ L) 7,466,665,999 14-Nov-95 -
HEAD OFFICE 3. First Issue 933,333,000 14-Nov-95 14-Nov-95
Graha Merah Putih 5th Fl. 4. First Issue (LN) 700,000,000 14-Nov-95 14-Nov-95
Jln. Gatot Subroto No. 52 5. First Issue (divesment) 233,334,000 14-Nov-95 14-Nov-95
Jakarta 6. Bonus Shares 746,666,640 03-Aug-99 03-Aug-99
Phone : (021) 521-5109 7. Stock Split 10,079,999,640 28-Sep-04 28-Sep-04
Fax : (021) 522-0500 8. Stock Split 86,247,402,484 28-Aug-13 28-Aug-13
Homepage : www.telkom.co.id
Email : andi.setiawan@telkom.co.id

TRADING ACTIVITIES
Telekomunikasi Indonesia (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,400 3,200 Jan-12 7,150 6,800 6,850 26,490 422,690 2,940,995 21
Feb-12 7,100 6,650 7,050 23,979 479,535 3,300,302 21
3,850 2,800 Mar-12 7,150 6,700 7,000 23,842 362,222 2,513,536 21
Apr-12 8,700 7,050 8,500 25,908 657,218 5,090,323 20
May-12 8,500 7,000 7,800 29,209 662,037 5,266,928 21
3,300 2,400
Jun-12 8,250 7,250 8,150 26,128 418,912 3,261,173 21
Jul-12 9,300 7,950 9,100 27,541 473,400 4,128,298 22
2,750 2,000
Aug-12 9,850 8,750 9,300 28,777 440,719 4,056,309 19
Sep-12 9,750 9,150 9,450 25,722 367,817 3,476,829 20
2,200 1,600
Oct-12 9,950 9,300 9,750 22,276 560,211 5,407,450 22
Nov-12 9,900 8,950 9,000 25,831 426,698 3,999,309 20
1,650 1,200 Dec-12 9,350 8,650 9,050 32,515 516,125 4,636,997 18
1,100 800 Jan-13 9,800 8,800 9,700 36,521 503,515 4,706,492 21

Feb-13 10,950 9,550 10,750 33,202 490,700 4,847,559 20
550 400 Mar-13 11,150 10,250 11,000 48,503 431,788 4,644,566 19
Apr-13 12,500 10,400 11,700 47,977 628,400 7,176,984 22
May-13 12,900 11,050 11,050 53,417 600,206 7,142,391 22
Jun-13 11,700 9,500 11,250 69,132 840,094 8,855,033 19
Jul-13 12,200 10,500 11,900 62,831 1,036,661 11,830,601 23
Aug-13 12,200 1,980 2,200 55,347 800,356 5,440,892 17
Sep-13 2,450 1,950 2,100 88,615 3,130,995 6,767,447 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 2,375 2,100 2,350 73,248 2,393,760 5,401,091 21
Infrastructure, Utilities and Transportation Index Nov-13 2,350 2,025 2,175 71,880 2,327,085 5,106,312 20
January 2012 - July 2016 Dec-13 2,200 1,980 2,150 65,021 2,557,552 5,303,635 19
210%
197.9% Jan-14 2,275 2,060 2,275 73,661 2,046,978 4,477,865 20
180% Feb-14 2,420 2,170 2,325 89,854 2,341,555 5,388,836 20
Mar-14 2,340 2,130 2,215 138,480 3,078,227 6,852,057 20
150% Apr-14 2,380 2,150 2,265 92,955 2,509,934 5,764,026 20
May-14 2,700 2,275 2,575 85,833 2,521,242 6,220,057 18
120% Jun-14 2,550 2,405 2,465 85,531 5,009,842 12,180,200 21
Jul-14 2,710 2,465 2,650 86,242 2,002,276 5,218,503 18
Aug-14 2,800 2,590 2,665 105,961 2,532,990 6,865,678 20
90%
Sep-14 3,010 2,675 2,915 103,021 2,088,870 5,878,718 22
66.3% Oct-14 2,930 2,680 2,750 136,701 2,888,270 8,092,823 23
60%
Nov-14 2,830 2,590 2,825 95,257 1,713,846 4,692,945 20
Dec-14 2,890 2,725 2,865 93,946 1,493,266 4,209,293 20
30% 33.5%
Jan-15 2,930 2,780 2,830 89,423 1,809,529 5,148,840 21

- Feb-15 3,020 2,800 2,935 110,113 2,270,639 6,527,476 19
Mar-15 2,995 2,770 2,890 119,901 2,438,708 7,127,764 22
-30% Apr-15 2,910 2,595 2,615 117,916 2,712,082 7,596,492 21
Jun-15 2,955 2,800 2,930 109,106 1,540,444 4,431,918 21
Jul-15 2,950 2,800 2,940 102,810 1,522,353 4,386,763 19
SHARES TRADED 2012 2013 2014 2015 Jul-16 Aug-15 2,970 2,590 2,870 142,706 2,079,634 5,899,128 20
Volume (Million Sh.) 5,788 15,741 30,227 23,627 18,505 Sep-15 2,875 2,485 2,645 108,224 1,393,722 3,782,598 21
Frequency (Thou. X) 318 706 1,187 1,341 966 Nov-15 2,980 2,660 2,930 100,904 1,724,444 4,878,723 21
Days 246 244 242 244 140 Dec-15 3,170 2,900 3,105 113,512 2,208,650 6,693,917 19
Price (Rupiah) Jan-16 3,385 3,045 3,340 134,592 2,367,503 7,527,167 20

High 9,950 12,900 3,010 3,170 4,500 Feb-16 3,510 3,140 3,250 161,321 2,337,972 7,726,475 20
Low 6,650 1,950 2,060 2,485 3,045 Mar-16 3,500 3,250 3,325 158,527 2,865,640 9,655,758 21
Close 9,050 2,150 2,865 3,105 4,230 Apr-16 3,810 3,305 3,550 149,352 2,438,118 8,628,631 21
Close* 1,810 2,150 2,865 3,105 4,230 May-16 3,800 3,410 3,700 113,943 2,530,721 9,247,849 20
Jun-16 4,010 3,710 3,980 130,408 3,968,000 15,180,095 22
PER (X) 9.92 15.26 18.92 20.21 21.38 Jul-16 4,500 3,950 4,230 118,236 1,997,166 8,329,961 16
PER Industry (X) 17.53 12.11 20.04 9.49 11.42
PBV (X) 2.72 2.80 3.57 3.35 4.47

Receivables 5,409,000 6,421,000 6,848,000 7,872,000 14,434,000

579,000 509,000 474,000 528,000 734,000 140,000
Inventories
Current Assets 27,973,000 33,075,000 33,762,000 47,912,000 48,230,000
105,000
Fixed Assets 77,047,000 86,761,000 94,809,000 103,700,000 108,743,000
70,000
Total Assets 111,369,000 127,951,000 140,895,000 166,173,000 171,411,000
Growth (%) 14.89% 10.12% 17.94% 3.15% 35,000

Growth (%) 13.82% 8.40% 32.82% 5.25%
93,428
Paid up Capital 5,040,000 5,040,000 5,040,000 5,040,000 5,040,000 94,844
86,125
Par Value 250 50 50 50 50

75,496
66,978

56,148
Total Equity 66,978,000 77,424,000 86,125,000 93,428,000 94,844,000

Growth (%) 15.60% 11.24% 8.48% 1.52% 36,799
Total Revenues 77,143,000 82,967,000 89,696,000 102,470,000 56,454,000

Growth (%) 7.55% 8.11% 14.24%
-1,897
2012 2013 2014 2015 Jun-16
Cost of Revenues - - - - -
Gross Profit - - - - 56,454,000
Expenses (Income) 51,445,000 55,121,000 60,319,000 70,052,000 36,567,000
8.36% 5.50% 10.35% 89,696

102,470
Growth (%)
82,967
81,566
77,143
Other Income (Expenses) -1,470,000 -697,000 -593,000 -1,076,000 -389,000
56,454
Tax -5,866,000 6,859,000 7,338,000 8,025,000 4,835,000

Growth (%) 10.50% 5.70% 8.72%

18,854
Current Ratio (%) 116.04 116.31 106.22 135.29 118.91
23,317
Dividend (Rp) 436.10 102.40 - 94.64 - 23,317
21,446
20,290
EPS (Rp) 637.40 140.92 145.22 153.66 98.47 18,362
BV (Rp) 3,322.32 768.10 854.41 926.87 940.91 18,560
14,663
DAR (X) 0.40 0.39 0.39 0.44 0.45
0.66 0.65 0.64 0.78 0.81
13,804
DER(X)
ROA (%) 16.49 15.86 15.22 14.03 8.55 9,047
ROE (%) 27.41 26.21 24.90 24.96 15.46

GPM (%) - - - - 100.00 4,290
OPM (%) 33.31 33.56 32.75 31.64 35.23

NPM (%) 23.80 24.46 23.91 22.75 25.97
-466
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 68.42 72.66 - 61.59 -
Yield (%) 4.82 4.76 - 3.05 -

COMPANY REPORT
UNTR
UNITED TRACTORS TBK.
Company Profile

PTUnitedTractorsTbk.wasestablishedonOctober13th,1972,underthenameofPTInter
Astra Motor Works, as heavy equipment distributor in Indonesia. The Company
commencedcommercialoperationsin1973.

The principal activities of the Company and its subsidiaries include sales and rental of
heavyequipment(Constructionmachineries)andrelatedaftersalesservices,coalmining
and mining contracting. Included in mining contracting is integrated mining contracting
service.

TheCompanyiscontrolledbyitsimmediateparentcompanyPTAstraInternationalTbk,a
company incorporated in Indonesia. PT Astra International Tbk's largest shareholder is
Jardine Cycle & Carriage Ltd, a company incorporated in Singapore. Jardine Cycle &
CarriageLtdisasubsidiaryofJardineMathesonHoldingsLtd,acompanyincorporatedin
Bermuda.

The Company is domiciled in Jakarta with 20 branches, 22 site offices and 10
representativeofficesthroughoutIndonesia.

Thecompanyhasdirectownershipindomesticandforeignsubsidiaries:
PTPamapersadaNusantara,
PTUnitedTractorsPanduEngineering,
PTKaryaSupraPerkasa,
PTAndalanMultiKencana,
PTBinaPertiwi,
UTHeavyIndustry(S)Pte.Ltd.,
PTUniversalTeknoReksajaya,
PTTambangSupraPerkasa,
PTUnitraPersadaEnergia.

AsofJune30th,2016,theGrouphadapproximately26,942employees.
August 2016
Disclaimer:

UNTR United Tractors Tbk. [S]
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : 58,749,628,392,000
T | 1.05% | 55.51%
19 | 16.8T | 1.21% | 56.09%

Established Date : 13-Oct-1972 1. PT Astra International Tbk. 2,219,317,358 : 59.50%
Listing Date : 19-Sep-1989 2. Public (<5%) 1,510,817,778 : 40.50%
Under Writer IPO :
PT (Persero) Danareksa Bonus Cash Recording Payment
F/I
PT Finconesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1989 100.00 05-Jan-90 06-Jan-90 11-Jan-90 31-Jan-90 I
PT Raya Saham Registra 1990 525.00 From 11-Jun-90 until 28-Jun-91 F
Plaza Central Building 2nd Fl. 1991 350.00 From 21-Nov-91 until 22-Jul-92 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1992 70.00 11-Nov-92 12-Nov-92 19-Nov-92 15-Dec-92 I
Fax : (021) 252-5028 1993 100.00 11-Nov-93 12-Nov-93 19-Nov-93 15-Dec-93 I
1993 1:3 23-Feb-94 24-Feb-94 03-Mar-94 01-Apr-94 B
1. Prijono Sugiarto 1994 40.00 11-Nov-94 16-Nov-94 23-Nov-94 15-Dec-94 I
2. Anugerah Pekerti *) 1994 70.00 22-Jun-95 23-Jun-95 03-Jul-95 31-Jul-95 F
3. Chiew Sin Cheok 1995 45.00 22-Nov-95 23-Nov-95 01-Dec-95 29-Dec-95 I
4. David Alexander Newbigging 1995 85.00 20-Jun-96 21-Jun-96 01-Jul-96 31-Jul-96 F
5. Djoko Pranoto Santoso 1996 60.00 21-Nov-96 22-Nov-96 02-Dec-96 27-Dec-96 I
6. Nanan Sukarna *) 1996 100.00 26-Jun-97 27-Jun-97 07-Jul-97 28-Jul-97 F
*) Independent Commissioners 1999 5:9 08-Jun-00 09-Jun-00 14-Jun-00 23-Jun-00 B
2004 20.00 30-Nov-04 01-Dec-04 03-Dec-04 17-Dec-04 I
BOARD OF DIRECTORS 2005 35.00 23-Jun-05 22-Jun-05 27-Jun-05 11-Jul-05
1. Gidion Hasan 2005 110.00 12-Jun-06 13-Jun-06 15-Jun-06 29-Jun-06 F
2. Edhie Sarwono 2006 45.00 13-Oct-06 16-Oct-06 18-Oct-06 03-Nov-06 I
3. Franciscus Xaverius Laksana Kesuma 2006 85.00 20-Jun-07 21-Jun-07 25-Jun-07 08-Jul-07 F
4. Idot Supriadi 2007 60.00 10-Oct-07 11-Oct-07 18-Oct-07 01-Nov-07 I
5. Iman Nurwahyu 2007 150.00 10-Jun-08 11-Jun-08 13-Jun-08 27-Jun-08 F
6. Iwan Hadiantoro 2008 100.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I
7. Loudy Irwanto Ellias 2008 220.00 11-Jun-09 12-Jun-09 16-Jun-09 26-Jun-09 F
2009 330.00 14-Jun-10 15-Jun-10 17-Jun-10 01-Jul-10 F
AUDIT COMMITTEE 2010 160.00 27-Oct-10 28-Oct-10 01-Nov-10 12-Nov-10 I
1. Anugerah Pekerti 2010 430.00 31-May-11 01-Jun-11 06-Jun-11 13-Jun-11 F
2. Lindawati Halim 2011 185.00 27-Oct-11 28-Oct-11 01-Nov-11 11-Nov-11 I
3. Wiltarsa Halim 2011 635.00 11-May-12 14-May-12 16-May-12 30-May-12 F
2012 210.00 16-Oct-12 17-Oct-12 19-Oct-12 02-Nov-12 I
CORPORATE SECRETARY 2012 620.00 14-May-13 15-May-13 17-May-13 31-May-13 F
Sara K. Loebis 2013 175.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I
2013 515.00 14-May-14 16-May-14 20-May-14 05-Jun-14 F
HEAD OFFICE 2014 195.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I
Jln. Raya Bekasi Km. 22 2014 740.00 28-Apr-15 29-Apr-15 04-May-15 22-May-15 F
Jakarta 13910 2015 251.00 28-Sep-15 29-Sep-15 01-Oct-15 16-Oct-15 I
Phone : (021) 460-5959 - 79 2015 440.00 02-May-16 03-May-16 09-May-16 23-May-16 F
Fax : (021) 460-0655, 460-0677
ISSUED HISTORY
Homepage : www.unitedtractors.com Listing Trading
Email : sarakl@unitedtractors.com No. Type of Listing Shares Date Date
ir@unitedtractors.com 1. First Issue 2,700,000 19-Sep-89 19-Sep-89
2. Partial Listing 8,436,000 T: 26-Dec-89 : 27-Feb-91
3. Right Issue 2,151,579,636 T: 27-May-91 : 06-Jun-11
4. Company Listing 11,864,000 T: 25-Mar-92 : 01-Apr-92
5. Bonus Shares 351,900,000 T: 04-Apr-94 : 26-Jun-00
7. ESOP Conversion 1,201,500 T: 27-May-03 : 12-Jun-03
8. ESOP Conversion II 43,254,000 T: 11-Jun-03 : 14-Jul-05

TRADING ACTIVITIES
United Tractors Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
34,000 32.0 Jan-12 29,550 25,950 28,350 26,564 106,698 2,974,251 21
Feb-12 30,200 26,550 29,000 31,229 109,199 3,126,712 21
29,750 28.0 Mar-12 33,000 28,800 33,000 25,920 83,932 2,549,628 21
Apr-12 33,400 29,500 29,600 28,884 84,467 2,621,880 20
May-12 30,400 22,600 23,100 45,171 147,630 3,890,521 21
25,500 24.0
Jun-12 25,250 21,050 21,350 52,967 227,318 5,067,510 21
Jul-12 24,100 20,600 21,000 52,875 214,943 4,706,426 22
21,250 20.0
Aug-12 22,450 19,850 20,050 34,436 156,431 3,347,510 19
Sep-12 23,100 19,050 20,700 44,887 164,019 3,434,137 20
17,000 16.0
Oct-12 21,350 19,350 21,100 39,891 174,476 3,520,933 22
Nov-12 21,300 16,600 17,050 33,628 128,388 2,458,214 20
12,750 12.0 Dec-12 20,000 16,650 19,700 29,893 113,609 2,090,278 18
8,500 8.0 Jan-13 22,000 19,250 19,750 37,566 137,029 2,832,813 21

Feb-13 20,250 18,800 19,300 28,991 103,417 1,998,532 20
4,250 4.0 Mar-13 20,650 17,150 18,200 32,376 126,007 2,424,466 19
Apr-13 19,400 17,700 17,750 24,930 101,694 1,879,304 22
May-13 18,200 16,200 16,300 28,432 106,717 1,837,046 22
Jun-13 18,200 15,500 18,200 41,315 128,783 2,184,264 19
Jul-13 18,200 16,000 16,800 24,018 65,178 1,091,719 23
Aug-13 19,000 13,650 15,800 23,353 72,694 1,173,353 17
Sep-13 18,300 15,500 16,300 25,190 89,382 1,498,912 21
January 2012 - July 2016 Dec-13 19,550 17,900 19,000 17,545 48,524 906,953 19
80%
Jan-14 21,200 18,500 19,300 45,472 60,972 1,184,893 20
60% Feb-14 19,300 17,725 18,975 52,632 90,170 1,659,792 20
Mar-14 20,950 18,600 20,750 47,174 79,381 1,582,790 20
46.3%
40% Apr-14 22,100 19,850 21,700 49,419 83,360 1,769,643 20
33.5% May-14 22,500 20,750 21,675 45,767 62,208 1,366,231 18
20% Jun-14 23,200 21,700 23,100 38,741 50,682 1,149,000 21
Jul-14 25,350 22,250 22,900 46,771 55,653 1,307,864 18
Aug-14 24,500 22,050 22,150 64,706 77,392 1,807,628 20
-
Sep-14 22,500 19,825 19,900 69,814 87,634 1,850,874 22
Oct-14 20,575 16,700 18,375 83,741 156,783 2,831,116 23
-20%
Nov-14 19,350 17,700 18,325 70,373 113,167 2,106,631 20
Dec-14 18,275 16,425 17,350 57,332 87,212 1,551,160 20
-40%
-42.6%
Jan-15 18,275 16,850 17,900 52,951 63,591 1,113,496 21
-60% Feb-15 21,025 17,525 20,750 50,302 82,703 1,569,832 19
Mar-15 22,350 20,300 21,800 71,498 93,856 2,010,940 22
-80% Apr-15 23,400 20,475 21,400 53,700 82,243 1,859,237 21
Jun-15 22,325 18,875 20,375 62,456 63,471 1,313,939 21
Jul-15 20,600 17,850 20,200 57,869 46,188 878,654 19
Volume (Million Sh.) 1,711 1,120 1,005 879 656 Sep-15 20,700 15,225 17,475 71,271 55,235 995,809 21
Days 246 244 242 244 140 Dec-15 17,025 13,925 16,950 80,623 86,646 1,348,310 19
Price (Rupiah) Jan-16 17,450 15,625 17,400 72,205 79,869 1,311,592 20

High 33,400 22,000 25,350 24,000 17,475 Feb-16 17,475 14,475 15,525 66,700 66,192 1,058,219 20
Low 16,600 13,650 16,425 13,925 12,550 Mar-16 15,725 14,825 15,300 76,498 104,001 1,593,464 21
Close 19,700 19,000 17,350 16,950 15,750 Apr-16 17,100 14,600 15,000 58,588 101,144 1,587,539 21
Close* 19,700 19,000 17,350 16,950 15,750 May-16 15,050 12,550 14,200 63,119 86,177 1,182,212 20
Jun-16 15,200 13,375 14,800 60,247 95,185 1,377,860 22
PER (X) 12.54 14.66 10.17 16.41 17.81 Jul-16 16,350 14,600 15,750 59,316 123,776 1,942,498 16
PER Industry (X) 19.08 15.42 22.13 14.53 8.79
PBV (X) 2.27 1.99 1.68 1.61 1.67

Receivables 9,894,656 11,814,937 13,586,675 12,169,624 13,069,767

7,173,704 6,176,470 7,770,086 8,328,331 7,039,058 50,000
Inventories
Current Assets 22,048,115 27,814,126 33,579,799 39,259,708 38,461,001
37,500
Fixed Assets 15,196,476 14,574,384 13,625,012 12,659,736 11,767,140
25,000
Total Assets 50,300,633 57,362,244 60,292,031 61,715,399 58,990,389
Growth (%) 14.04% 5.11% 2.36% -4.42% 12,500

Growth (%) 20.63% 0.01% 3.45% -13.74%
38,577 39,250
Paid up Capital 932,534 932,534 932,534 932,534 932,534 39,613
35,649
Par Value 250 250 250 250 250

31,532

23,451
Total Equity 32,300,557 35,648,898 38,576,734 39,250,325 39,612,641

Growth (%) 10.37% 8.21% 1.75% 0.92% 15,370
Total Revenues 55,953,915 51,012,385 53,141,768 49,347,479 22,563,591

Growth (%) -8.83% 4.17% -7.14%
-792
2012 2013 2014 2015 Jun-16
Cost of Revenues 45,432,916 41,495,567 41,071,359 37,645,186 18,412,507

Gross Profit 10,520,999 9,516,818 12,070,409 11,702,293 4,151,084
Expenses (Income) 3,074,244 2,929,481 5,448,551 7,509,547 1,720,513
53,142
55,954
51,012 49,347
Growth (%)
44,539

Tax 1,693,413 1,788,559 1,781,888 1,400,307 555,504 22,564

21,710
Growth (%) -16.59% 0.86% -42.30%

10,296
Current Ratio (%) 194.65 191.02 206.04 214.77 246.25
5,753
Dividend (Rp) 830.00 690.00 935.00 691.00 - 5,753
4,799 4,840
EPS (Rp) 1,549.45 1,295.85 1,439.52 1,033.07 496.91
BV (Rp) 8,659.35 9,557.00 10,341.91 10,522.49 10,619.62 4,580
DAR (X) 0.36 0.38 0.36 0.36 0.33

0.56 0.61 0.56 0.57 0.49 2,792
3,406
DER(X)
ROA (%) 11.44 8.37 8.03 4.52 3.18 2,232
1,875
ROE (%) 17.81 13.46 12.55 7.11 4.73
GPM (%) 18.80 18.66 22.71 23.71 18.40 1,059
OPM (%) - - - - -
NPM (%) 10.28 9.41 9.11 5.66 8.31
-115
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 53.57 53.25 64.95 66.89 -
Yield (%) 4.21 3.63 5.39 4.08 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
UNVR
UNILEVER INDONESIA TBK.
Company Profile
PTUnileverIndonesiaTbk.wasestablishedonDecember5th,1933.UnileverIndonesiahas
growntobealeadingcompanyofHomeandPersonalCareaswellasFoodsandIceCream
productsinIndonesia.

The Company is engaged in the manufacturing, marketing and distribution of consumer
goods including soaps, detergents, margarine, dairy based foods, ice cream, cosmetic
products,teabasedbeveragesandfruitjuice.TheCompanycommenceditscommercial
operationsin1933.

Unilever Indonesias portfolio includes many of the worlds best known and wellloved
brands, such as: epsodent, Lux, Lifebuoy, Dove, Sunsilk, Clear, Rexona, Vaseline, Rinso,
Molto,Sunlight,Walls,BlueBand,Royco,Bango,etc.

The Companys majority shareholder as at 30 September 2015 and 2014 is Unilever
Indonesia Holding B.V. ("UIH"), while its ultimate parent entity is Unilever N.V.,
Netherlands.

Asat21January2015,PTAnugrahLeverhasbeenliquidated.TheCompanysfactoriesare
locatedatJln.Jababeka9BlokD,Jln.JababekaRayaBlokO,Jln.JababekaVBlokVNo.14
16,JababekaIndustrialEstateCikarang,Bekasi,WestJava,andJln.RungkutIndustriIVNo.
511, Rungkut Industrial Estate, Surabaya. As at June 30th, 2016 the Company had 6,307
permanentemployeesbutthesubsidiaryhadnopermanentemployees.

August 2016
Disclaimer:

UNVR Unilever Indonesia Tbk. [S]
Industry Sub Sector : Cosmetics And Household (54) Market Capitalization : 343,731,500,000,000
T | 6.12% | 27.52%
13 | 21.9T | 1.58% | 47.83%

Established Date : 05-Dec-1933 1. Unilever Indonesia Holding BV 6,484,877,500 : 84.99%
Listing Date : 11-Jan-1982 2. Public (<5%) 1,145,122,500 : 15.01%
Under Writer IPO :
PT Danareksa Bonus Cash Recording Payment
F/I
PT Merchant Investment Corporation Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1989 6:1 600.00 from 27-Oct-89 until 26-Jun-90 I
PT Sharestar Indonesia 1990 690.00 23-Oct-90 04-Jul-91 I&F
Berita Satu Plasa 7th Fl. 1992 780.00 20-Feb-92 20-Aug-93 I&F
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 1993 810.00 21-Oct-93 29-Jul-94 I&F
Phone : (021) 527-7966 1994 860.00 03-Nov-94 28-Jul-95 I&F
Fax : (021) 527-7967 1995 920.00 06-Nov-95 26-Jul-96 I&F
1996 1,010.00 04-Nov-96 27-Aug-97 I&F
BOARD OF COMMISSIONERS 1997 1,110.00 03-Nov-97 07-Aug-98 I&F
1. Maurits Daniel Rudolf Lalisang 1998 1,320.00 18-Nov-98 27-Jul-99 I&F
2. Cyrillus Harinowo *) 1999 25,000.00 03-Nov-99 20-Jul-00 I&F
3. Erry Firmansyah *) 2000 690.00 28-Nov-00 01-Aug-01 I&F
4. Hikmahanto Juwana *) 2001 1,150.00 19-Nov-01 22-Nov-02 I&F
5. Mahendra Siregar *) 2002 900.00 11-Feb-03 04-Aug-03 I&F
*) Independent Commissioners 2003 130.00 17-Feb-04 03-Aug-04 I&F
2004 130.00 02-Dec-04 24-Mar-05 I&F
BOARD OF DIRECTORS 2005 260.00 08-Jul-05 11-Jul-06 I&F
1. Hemant Bakshi 2006 205.00 29-Nov-06 11-Jul-07 I&F
2. Ainul Yaqin 2007 257.00 28-Nov-07 11-Jul-08 I&F
3. Amparo Cheung Aswin 2008 315.00 26-Nov-08 14-Jul-09 I&F
4. Annemarieke Edwardine Eva de Haan 2009 100.00 25-Nov-09 26-Nov-09 01-Dec-09 15-Dec-09 I
5. Debora Herawati Sadrach 2009 299.00 28-Jun-10 29-Jun-10 01-Jul-10 13-Jul-10 F
6. Enny Hartati 2010 100.00 26-Nov-10 29-Nov-10 01-Dec-10 15-Dec-10 I
7. Sancoyo Antarikso 2010 344.00 27-Jun-11 28-Jun-11 01-Jul-11 13-Jul-11 F
8. Tevilyan Yudhistira Rusli 2011 250.00 06-Dec-11 07-Dec-11 09-Dec-11 15-Dec-11 I
9. Willy Saelan 2011 296.00 27-Jun-12 28-Jun-12 02-Jul-12 13-Jul-12 F
2012 300.00 10-Dec-12 11-Dec-12 13-Dec-12 20-Dec-12 I
AUDIT COMMITTEE 2012 334.00 28-Jun-13 01-Jul-13 03-Jul-13 16-Jul-13 F
1. Erry Firmansyah 2013 330.00 02-Dec-13 03-Dec-13 05-Dec-13 12-Dec-13 I
2. Benny Redjo Setyono 2013 371.00 26-Jun-14 27-Jun-14 01-Jul-14 15-Jul-14 F
3. Muhammad Saleh 2014 336.00 02-Dec-14 03-Dec-14 05-Dec-14 12-Dec-14 I
2015 342.00 01-Dec-15 02-Dec-15 04-Dec-15 17-Dec-15 I
CORPORATE SECRETARY
Sancoyo Antarikso ISSUED HISTORY
Listing Trading
HEAD OFFICE No. Type of Listing Shares Date Date
Graha Unilever 1. First Issue 9,200,000 11-Jan-82 11-Jan-82
Jln. Jend. Gatot Subroto Kav. 15 2. Bonus Shares 1,533,334 15-Dec-89 15-Dec-89
Jakarta 12930 3. Bonus Shares 717,891 22-Sep-93 22-Sep-93
Phone : (021) 526-2112, 5299-6468, 5299-6847 4. Company Listing 64,848,775 02-Jan-98 02-Jan-98
Fax : (021) 526-4020 5. Stock Split 686,700,000 06-Nov-00 06-Nov-00
Homepage : www.unilever.com; www.unilever.co.id
Email : unvr.indonesia@unilever.com

TRADING ACTIVITIES
Unilever Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
48,000 40.0 Jan-12 24,450 18,200 19,600 16,752 38,440 761,415 21
Feb-12 20,050 17,500 19,250 17,028 31,412 606,182 21
42,000 35.0 Mar-12 20,200 18,600 20,000 14,713 27,939 543,448 21
Apr-12 20,750 18,750 19,850 14,599 31,656 615,568 20
May-12 22,450 19,700 20,550 16,221 45,658 965,430 21
36,000 30.0
Jun-12 25,500 20,000 22,900 15,235 37,485 842,684 21
Jul-12 25,250 22,350 24,250 16,534 35,057 828,065 22
30,000 25.0
Aug-12 27,350 23,800 27,100 13,551 24,914 635,793 19
Sep-12 28,500 25,100 26,050 20,640 43,814 1,177,790 20
24,000 20.0
Oct-12 26,300 25,250 26,050 15,755 45,467 1,176,959 22
Nov-12 26,950 25,600 26,350 13,272 46,071 1,207,920 20
18,000 15.0 Dec-12 26,400 20,100 20,850 50,609 143,941 3,196,599 18
12,000 10.0 Jan-13 23,150 20,900 22,050 23,609 61,636 1,347,431 21

Feb-13 23,300 21,650 22,850 17,807 44,383 1,001,564 20
6,000 5.0 Mar-13 23,100 21,700 22,800 16,433 50,808 1,147,414 19
Apr-13 26,250 22,150 26,250 15,906 50,732 1,178,848 22
May-13 34,500 24,800 30,500 21,913 57,502 1,657,707 22
Jun-13 31,550 25,550 30,750 34,773 62,429 1,795,607 19
Jul-13 34,600 26,000 31,800 24,938 45,612 1,435,491 23
Aug-13 32,350 26,600 31,200 25,112 39,989 1,191,169 17
Sep-13 33,300 30,100 30,150 28,077 50,371 1,587,564 21
January 2012 - July 2016 Dec-13 27,300 25,100 26,000 22,404 36,810 963,138 19
175%
Jan-14 28,775 25,800 28,550 44,445 49,313 1,352,166 20
150% Feb-14 28,650 27,525 28,575 35,716 35,118 990,814 20
Mar-14 31,350 27,525 29,250 47,590 47,568 1,377,944 20
133.4%
125% Apr-14 30,975 28,500 29,250 46,776 36,990 1,102,426 20
May-14 30,850 28,800 29,125 31,684 34,883 1,051,523 18
100% Jun-14 30,550 29,200 29,275 35,479 39,009 1,161,481 21
Jul-14 33,000 29,250 30,750 39,880 40,817 1,262,274 18
76.7% Aug-14 32,100 29,500 31,025 32,144 24,671 774,229 20
75%
Sep-14 32,100 31,025 31,800 29,938 22,402 708,602 22
Oct-14 32,200 29,625 30,400 45,092 42,228 1,308,739 23
50%
Nov-14 32,000 29,700 31,800 30,080 28,440 877,909 20
33.5% Dec-14 32,300 30,525 32,300 33,887 33,894 1,063,175 20
25%
Jan-15 36,275 32,100 35,825 35,934 40,100 1,368,300 21

- Feb-15 37,000 34,850 36,000 40,106 34,539 1,238,699 19
Mar-15 40,500 35,750 39,650 50,052 51,654 1,975,029 22
-25% Apr-15 44,500 37,675 42,600 63,276 53,485 2,155,514 21
Jun-15 43,700 39,300 39,500 64,240 45,770 1,889,850 21
Jul-15 41,375 38,100 40,000 48,134 32,657 1,306,892 19
Volume (Million Sh.) 552 608 435 505 338 Sep-15 40,250 35,350 38,000 54,837 34,163 1,307,719 21
Days 246 244 242 244 140 Dec-15 37,825 34,150 37,000 47,897 39,437 1,426,482 19
Price (Rupiah) Jan-16 37,500 35,300 36,700 61,635 48,570 1,758,009 20

High 28,500 37,350 33,000 46,000 47,800 Feb-16 46,175 36,050 44,525 61,609 60,547 2,467,245 20
Low 17,500 20,900 25,800 32,100 35,300 Mar-16 47,800 41,975 42,925 83,827 71,335 3,117,613 21
Close 20,850 26,000 32,300 37,000 45,050 Apr-16 47,300 42,025 42,575 61,443 42,830 1,895,250 21
Close* 20,850 26,000 32,300 37,000 45,050 May-16 45,150 42,350 43,100 47,603 28,908 1,256,175 20
Jun-16 45,600 42,800 45,075 49,805 44,188 1,922,485 22
PER (X) 32.87 37.06 45.65 48.24 53.67 Jul-16 47,800 43,625 45,050 54,039 41,226 1,845,188 16
PER Industry (X) 19.75 15.98 24.22 17.71 17.58
PBV (X) 40.09 46.63 45.03 58.48 72.39

Receivables 2,261,941 3,279,694 3,052,260 3,602,272 4,772,419

2,061,899 2,084,331 2,325,989 2,297,502 2,619,358 16,000
Inventories
Current Assets 5,035,962 5,862,939 6,337,170 6,623,114 9,443,805
12,000
Fixed Assets 6,283,479 6,874,177 7,348,025 8,320,917 8,781,618
Other Assets 70,456 69,271 81,310 292,968 212,376
8,000
Total Assets 11,984,979 7,485,249 14,280,670 15,729,945 18,920,136
Growth (%) -37.54% 90.78% 10.15% 20.28% 4,000

Growth (%) 13.43% 6.47% 12.61% 28.68%
4,827
Paid up Capital 76,300 76,300 76,300 76,300 76,300 4,890
4,599
4,255
Par Value 10 10 10 10 10
3,893

2,895
Total Equity 3,968,365 4,254,670 4,598,782 4,827,360 4,890,447

Growth (%) 7.21% 8.09% 4.97% 1.31% 1,897
Total Revenues 27,303,248 30,757,435 34,511,534 36,484,030 20,745,536

Growth (%) 12.65% 12.21% 5.72%
-98
2012 2013 2014 2015 Jun-16
Cost of Revenues 13,414,122 14,978,947 17,412,413 17,835,061 10,254,483

Gross Profit 13,889,126 15,778,488 17,099,121 18,648,969 10,491,053
Expenses (Income) 7,391,019 8,614,043 9,336,793 10,709,568 6,013,029
34,512
10.25% 8.35% 2.28%
36,484
Growth (%) 30,757

29,041
27,303
20,746
Tax 1,627,620 1,806,183 1,938,199 1,977,685 1,117,018

14,156
Growth (%) 10.61% 7.21% 1.97%

6,713
Current Ratio (%) 66.83 69.64 71.49 65.40 71.69
5,739 5,852
Dividend (Rp) 634.00 701.00 336.00 342.00 - 5,852
5,353
EPS (Rp) 634.24 701.52 752.10 766.95 432.27 4,839
BV (Rp) 520.10 557.62 602.72 632.68 640.95 4,658
DAR (X) 0.67 1.21 0.68 0.69 0.74 3,298

2.02 2.14 2.11 2.26 2.87
3,464
DER(X)
ROA (%) 40.38 71.51 40.18 37.20 17.43 2,271
ROE (%) 121.94 125.81 124.78 121.22 67.44

GPM (%) 50.87 51.30 49.55 51.12 50.57 1,077
OPM (%) 23.80 23.29 22.49 21.76 21.59

NPM (%) 17.72 17.40 16.63 16.04 15.90
-117
2012 2013 2014 2015 Jun-16

Payout Ratio (%) 99.96 99.93 44.67 44.59 -
Yield (%) 3.04 2.70 1.04 0.92 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
WIKA
WIJAYA KARYA (PERSERO) TBK.
Company Profile
PTWijayaKarya(Persero)Tbk.establisheddated29March1960.

The purpose and objectives of the Company is to engage in the construction industry,
manufacturing industry, conversion industry, rental, agency services, investment, agro
industry, renewable energy and conversion energy , trading, engineering, procurement,
construction,area(industrialzone)management,servicecapacityupgradesinthefieldof
construction,informationtechnologyforengineeringandplanningservices,byapplyingthe
principlesoflimitedliabilitycompanies.

The Company is domiciled at Jln. D.I. Panjaitan Kav. 9, Jakarta. The main activities
throughoutIndonesiaandoverseas.TheCompanystarteditsactivitiescommerciallyin1961.

TheCompanydirectlyownedmorethan50%sharesonsubsidiariesasfollows:
PTWijayaKaryaBeton,
PTWijayaKaryaRealty,
PTWijayaKaryaIndustridanKonstruksi,
PTWijayaKaryaRekayasaKonstruksi,
PTWijayaKaryaBangunanGedung,
PTWijayaKaryaBitumen.

TheentiresubsidiariesaredomiciledinIndonesia.NumberofEmployeesoftheCompany
onJune30th,2016was2,013employees.

August 2016
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.

WIKA Wijaya Karya (Persero) Tbk. [S]
55 | 18.3T | 0.33% | 77.11%
37 | 9.37T | 0.68% | 72.18%

Under Writer IPO :
PT CIMB-GK Securities Indonesia DIVIDEND ANNOUNCEMENT
F/I
PT Indo Premier Securities Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2007 5.97 06-Jun-08 09-Jun-08 11-Jun-08 25-Jun-08 F
Wisma Sudirman - Puri Datindo 2009 10.02 27-May-10 31-May-10 02-Jun-10 16-Jun-10 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2010 17.08 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11 F
Phone : (021) 570-9009 2011 17.28 23-May-12 24-May-12 28-May-12 11-Jun-12 F
2013 27.82 28-Apr-14 29-Apr-14 02-May-14 13-May-14 F
BOARD OF COMMISSIONERS 2014 20.03 29-Apr-15 30-Apr-15 05-May-15 22-May-15 F
1. Bakti Santoso Ludin 2015 20.35 09-May-16 10-May-16 12-May-16 27-May-16 F
2. Eddy Kristanto
3. Freddy R. Saragih ISSUED HISTORY
4. Imas Aan Ubudiah *) Listing Trading
5. Liliek Mayasari No. Type of Listing Shares Date Date
6. Mudjiadi 1. First Issue 1,846,154,000 29-Oct-07 29-Oct-07
7. Nurrachman *) 2. Negara RI (Seri A) 1 29-Oct-07 29-Oct-07
*) Independent Commissioners 3. Company Listing 3,999,999,999 29-Oct-07 29-Oct-07
4. ESOP II 213,500 T: 16-Dec-09 : 22-Dec-09
BOARD OF DIRECTORS 5. MSOP I 2,183,500 T: 24-May-10 : 30-Jun-10
1. Bintang Perbowo 6. MSOP II 908,000 T: 24-May-10 : 30-Jun-10
2. Antonius N.S. Kosasih 7. MSOP I & II 152,081,500 T: 22-Nov-10 : 05-Jan-11
3. Bambang Pramujo 8. ESOP/MSOP I & II 137,504,500 T: 20-May-11 : 01-Jul-13
4. Destiawan Soewardjono 9. ESOP/MSOP II 9,974,000 T: 22-Nov-11 : 01-Jul-14
5. Gandira Gutawa Sumapraja 10. ESOP/MSOP I 206,000 30-Dec-13 30-Dec-13
6. I Gusti Ngurah Askhara Danadiputra
AUDIT COMMITTEE
1. Bakti Santoso Luddin
2. Arzul Andaliza
3. Fahrul Ismaeni
4. Indracahya Kusumasubrata
5. M. Sjukrul Amien
CORPORATE SECRETARY
Suradi
HEAD OFFICE
WIKA Building
Jln. D.I. Panjaitan Kav. 9
Jakarta 13340
Phone : (021) 819-2808, 850-8640, 850-8650
Fax : (021) 819-1235, 859-11969
Homepage : www.wika.co.id
Email : suradi@wika.co.id
puspita@wika.co.id

TRADING ACTIVITIES
Wijaya Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,000 240 Jan-12 720 600 710 4,827 208,891 137,097 21
Feb-12 780 660 730 4,265 209,034 153,646 21
3,500 210 Mar-12 920 730 910 7,608 497,042 399,840 21
Apr-12 980 880 980 8,877 258,868 238,228 20
May-12 1,110 890 920 10,137 316,373 322,511 21
3,000 180
Jun-12 1,050 870 1,050 9,383 224,325 217,163 21
Jul-12 1,070 980 1,000 6,930 133,608 137,739 22
2,500 150
Aug-12 1,130 980 1,050 7,231 155,121 164,671 19
Sep-12 1,270 1,050 1,210 7,417 159,355 184,402 20
2,000 120
Oct-12 1,550 1,210 1,370 22,891 474,320 654,105 22
Nov-12 1,630 1,300 1,630 19,989 425,278 614,199 20
1,500 90 Dec-12 1,650 1,360 1,480 20,945 414,789 619,874 18
1,000 60 Jan-13 1,730 1,470 1,650 25,183 446,947 726,586 21

Feb-13 1,780 1,590 1,770 22,785 521,572 871,607 20
500 30 Mar-13 2,075 1,680 2,025 39,561 759,537 1,407,679 19
Apr-13 2,475 1,950 2,400 27,075 501,903 1,087,356 22
May-13 2,900 2,375 2,825 24,613 424,941 1,105,249 22
Jun-13 2,875 1,930 2,050 45,363 735,887 1,669,932 19
Jul-13 2,325 1,590 2,075 48,860 935,852 1,864,035 23
Aug-13 2,250 1,350 1,740 38,418 604,516 1,095,151 17
Sep-13 2,125 1,620 1,920 52,542 912,763 1,717,307 21
January 2012 - July 2016 Dec-13 1,810 1,540 1,580 22,377 320,791 543,658 19
560%
Jan-14 1,985 1,580 1,950 39,945 484,540 901,013 20
480% Feb-14 2,185 1,900 2,145 57,551 850,413 1,734,639 20
Mar-14 2,505 2,120 2,390 53,471 842,897 1,956,887 20
400% Apr-14 2,535 2,050 2,265 88,318 1,193,527 2,718,051 20
388.5%
May-14 2,475 2,230 2,345 48,610 678,582 1,597,528 18
320% Jun-14 2,345 2,145 2,215 29,386 300,893 677,128 21
Jul-14 2,860 2,205 2,650 53,246 583,781 1,491,132 18
Aug-14 2,990 2,595 2,870 42,619 442,129 1,229,926 20
240%
Sep-14 2,950 2,580 2,605 48,236 379,891 1,065,777 22
Oct-14 2,935 2,420 2,860 56,541 487,366 1,313,689 23
160%
141.2% Nov-14 3,140 2,750 3,005 36,189 317,504 936,247 20
Dec-14 3,895 3,015 3,680 52,094 394,563 1,292,573 20
80%
35.2% Jan-15 3,795 3,455 3,745 52,642 422,511 1,535,100 21

- Feb-15 3,895 3,460 3,660 55,188 417,389 1,520,634 19
Mar-15 3,670 3,320 3,495 50,820 304,513 1,059,529 22
-80% Apr-15 3,620 2,930 2,985 44,846 296,524 1,000,500 21
Jun-15 3,190 2,480 2,505 44,211 244,883 673,596 21
Jul-15 3,190 2,515 2,655 48,347 321,152 931,043 19
Days 246 244 242 244 140 Dec-15 2,880 2,535 2,640 29,813 235,174 634,206 19
Price (Rupiah) Jan-16 2,910 2,605 2,800 35,647 287,391 807,865 20

High 1,650 2,900 3,895 3,895 3,070 Feb-16 2,820 2,580 2,605 44,554 326,810 877,033 20
Low 600 1,350 1,580 2,370 2,200 Mar-16 2,730 2,425 2,610 67,712 465,055 1,199,333 21
Close 1,480 1,580 3,680 2,640 2,980 Apr-16 2,765 2,520 2,650 37,202 215,531 575,267 21
Close* 1,480 1,580 3,680 2,640 2,980 May-16 2,660 2,200 2,400 31,090 180,766 446,863 20
Jun-16 3,000 2,400 2,960 46,124 456,973 1,281,418 22
PER (X) 17.75 17.02 42.35 25.97 70.78 Jul-16 3,070 2,830 2,980 27,396 213,347 623,073 16
PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 3.21 3.01 4.79 2.99 3.67

Public Accountant : Hadori Sugiarto Adi & Rekan (Member of HLB International)
Receivables 1,978,912 2,132,198 2,639,364 3,836,199 3,481,350

1,138,080 1,118,390 817,307 1,031,278 1,125,502 17,000
Inventories
Investment 1,208,327 1,583,043 1,941,539 1,897,987 2,291,720
12,750
Fixed Assets 1,168,757 1,640,292 2,676,043 3,184,400 3,215,145
Other Assets 73,252 71,743 71,075 41,183 35,499
8,500
Total Assets 10,945,209 12,594,963 15,915,162 19,602,406 20,561,587
Growth (%) 15.07% 26.36% 23.17% 4.89% 4,250
Bank Payable - - - - - -
Growth (%) 15.21% 16.74% 29.52% 5.63%
5,438
Paid up Capital 610,563 613,997 614,923 614,923 614,923 5,600
4,979
Par Value 100 100 100 100 100
4,457

3,315
2,814
Total Equity 2,814,006 3,226,959 4,978,758 5,438,101 5,599,803
Growth (%) 14.67% 54.29% 9.23% 2.97% 2,173
Total Revenues 9,816,086 11,884,668 12,463,216 13,620,101 6,033,746

Growth (%) 21.07% 4.87% 9.28%
-112
2012 2013 2014 2015 Jun-16
Cost of Revenues 8,902,209 10,562,234 11,038,647 11,965,441 5,303,405

Gross Profit 1,111,382 1,583,448 1,794,327 1,943,063 843,627
Operating Profit 845,417 1,215,962 1,400,919 1,513,905 616,169 13,620
12,463
43.83% 15.21% 8.07%
13,620
Growth (%) 11,885
10,842
9,816
6,034
Tax 302,791 392,319 395,094 395,077 37,943
5,285
Growth (%) 23.61% 20.25% -6.37%

2,506
Dividend (Rp) 22.32 27.82 20.03 20.35 -
751
EPS (Rp) 74.99 92.82 100.04 101.65 41.71 751 703
BV (Rp) 460.89 525.57 809.66 884.36 910.65 624
DAR (X) 0.74 0.74 0.69 0.72 0.73 598
505
DER(X) 2.89 2.90 2.20 2.60 2.67
4.62 4.96 4.72 3.59 1.49
444
ROA (%)
306
ROE (%) 17.95 19.35 15.08 12.93 5.46 291
GPM (%) 11.32 13.32 14.40 14.27 13.98

OPM (%) 8.61 10.23 11.24 11.12 10.21 138
NPM (%) 5.15 5.25 6.02 5.16 5.06

Payout Ratio (%) 29.76 29.97 20.02 20.02 -
-15
2012 2013 2014 2015 Jun-16

Yield (%) 1.51 1.76 0.54 0.77 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
WSKT
WASKITA KARYA (PERSERO) TBK.
Company Profile
The Company was first established as a foreign company under the name "Volker
AanemingMaatschappijNV"whichlaterbecamenationalizedStateCompany(PN)Waskita
KarjaonMarch29,1961,andtheCompanyatthetimewasbasedinJakarta.
Overall,projectssourcesfromthegovernmentstillpresentthemostappeal.Civilprojects
are continually driven grow and justify investment in new resources (particularly
constructionequipment),whilebuildingprojectsstillexperienceselectivegrowthrate.The
Companysprimaryproductarebuildingandcivilconstruction,aswellasEPC.Thesethree
typesofserviceareofferedtotwoprincipalmarkets,namelythegovernmentandprivate
sector.TheCompanymustcontinuetobeselectiveandcarefullyweighrisksinaccepting
projectsfromprivateentitiesfortheconstructionofbuildingsandcivilitems.
The Company is currently striving to expand its precast concrete business. The Company
employstwomeanstomeetitsneedforprecastconcrete,namelybyprocuringthesame
fromexternalsourcesandbyproducingtheminternally.
TheCompanysstrategyisrealizedbyachievingthesettargetsintermsofcontractvalue,
revenueandprofit,byemployingthefollowingstrategiesandpolicies:
Continuing focus on the core business, supplemented by expansion into new
markets in the relevant business sectors: precast concrete, realty and toll road
investment;
Focus on the government sector and potential civil projects, particularly large
scaleinfrastructureprojects;
Enhancement of competitive advantage through improvements in work systems
andcapitalstructure;
EnrichmentofexperiencethroughstrategicpartneringandEPCactivities;
Focusontheapplicationofvalueengineering;
Enhancement of profit margin through cost reduction programs and business
diversification;
Expansionofoverseasmarketshare;
UpgradingofITsystemthroughtheuseoftheMicrosoftDynamicapplication.
The Company remains convinced that management preparedness, supported by good
corporate governance, sustainable human resources development and programmed
business strategies, will open opportunities for growth and contribute towards achieving
anevenbetterfuturefortheCompany.
August 2016
Disclaimer:

WSKT Waskita Karya (Persero) Tbk. [S]
25 | 37.6T | 0.67% | 63.09%
18 | 19.3T | 1.39% | 54.88%

Established Date : 01-Jan-1961 1. Pemerintah Republik Indonesia 8,963,697,887 : 66.04%
Under Writer IPO :
PT Bahana Securities (affiliated) DIVIDEND ANNOUNCEMENT
PT Danareksa Sekuritas (affiliated) Bonus Cash Recording Payment
F/I
PT Mandiri Sekuritas (affiliated) Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2012 2.11 10-May-13 13-May-13 15-May-13 29-May-13 F
PT Datindo Entrycom 2013 11.46 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
Wisma Sudirman - Puri Datindo 2014 10.31 04-May-15 05-May-15 07-May-15 28-May-15 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2015 15.44 05-Apr-16 06-Apr-16 08-Apr-16 29-Apr-16 F
Phone : (021) 570-9009
Fax : (021) 570-9026 ISSUED HISTORY
Listing Trading
BOARD OF COMMISSIONERS No. Type of Listing Shares Date Date
1. Mohamad Hasan 1. First Issue 3,082,315,000 19-Dec-12 19-Dec-12
2. Arif Baharudin 2. Company Listing 6,549,921,000 19-Dec-12 19-Dec-12
3. Danis H. Sumadilaga 3. MESOP I 97,766,425 T: 23-May-14 : 29-Jun-16
4. Mohammad Aqil Hirham Danis *) 4. MESOP II 189,835,125 T: 20-May-15 : 30-Jun-16
5. R. Agus Sartono 5. Right Issue 3,653,498,200 08-Jul-15 08-Jul-15
6. Viktor S. Sirait *)
BOARD OF DIRECTORS
1. Muhammad Choliq
2. Adi Wibowo
3. Agus Sugiono
4. Desi Arryani
5. Nyoman Wirya Adnyana
6. Tunggul Rajagukguk
AUDIT COMMITTEE
1. Viktor S. Sirait
2. Hengki Z P Tampubolon
3. R. Agus Sartono
4. Tjahjo Winarto
CORPORATE SECRETARY
Hadi Susilo
HEAD OFFICE
Waskita Building 9th Fl.
Jln. M.T. Haryono Kav. No. 10
Cawang, Jakarta 13340
Phone : (021) 850-8510
Fax : (021) 850-8506
Homepage : www.waskita.co.id
Email : waskita@waskita.co.id

TRADING ACTIVITIES
Waskita Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* December 2012 - July 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
3,000 1,600 Dec-12 490 420 450 17,534 1,432,023 622,792 6
2,625 1,400 Jan-13 490 425 470 16,190 795,507 361,316 21

Feb-13 630 460 610 25,036 1,549,717 829,186 20
Mar-13 730 580 720 36,894 1,497,699 977,725 19
2,250 1,200
Apr-13 800 660 770 28,087 1,190,414 861,257 22
May-13 1,080 770 1,050 38,880 1,506,312 1,351,118 22
1,875 1,000
Jun-13 1,060 710 770 68,307 2,193,824 1,872,431 19
Jul-13 850 620 790 48,239 1,511,901 1,144,500 23
1,500 800
Aug-13 830 445 550 37,846 1,206,295 744,295 17
Sep-13 680 450 590 50,717 1,781,255 1,024,650 21
1,125 600 Oct-13 650 550 600 31,903 1,227,099 738,953 21
Nov-13 610 440 455 29,709 907,064 452,235 20
750 400 Dec-13 485 400 405 27,797 812,597 370,734 19
375 200 Jan-14 580 402 540 45,714 1,361,373 694,196 20

Feb-14 690 535 665 39,580 1,445,390 913,294 20
Mar-14 820 645 760 48,633 1,772,927 1,326,054 20
Apr-14 800 665 745 44,750 1,653,393 1,230,960 20
Dec-12 Dec-13 Dec-14 Dec-15
May-14 800 705 720 23,385 703,583 533,679 18
Jun-14 720 640 680 25,205 717,438 487,344 21
Jul-14 870 665 810 48,388 1,657,700 1,311,470 18
Closing Price*, Jakarta Composite Index (IHSG) and Aug-14 950 785 905 40,511 1,277,869 1,125,149 20
Property, Real Estate and Bulding Construction Index Sep-14 945 820 835 44,374 1,365,148 1,201,303 22
December 2012 - July 2016 Oct-14 985 800 970 47,946 1,467,392 1,312,756 23
560% Nov-14 1,060 940 1,045 32,150 864,321 873,185 20
538.6%
Dec-14 1,550 1,040 1,470 60,018 1,285,521 1,619,692 20
480%
Jan-15 1,740 1,355 1,715 70,104 1,483,277 2,224,845 21
400% Feb-15 1,890 1,680 1,815 66,468 1,082,352 1,936,847 19
Mar-15 1,825 1,630 1,780 59,602 922,085 1,598,474 22
320% Apr-15 1,815 1,550 1,720 32,693 492,663 852,730 18
May-15 1,815 1,505 1,700 28,488 323,352 555,369 19
Jun-15 1,745 1,490 1,520 32,477 446,526 722,925 21
240%
Jul-15 1,900 1,515 1,770 52,634 847,192 1,460,006 19
Aug-15 1,845 1,505 1,605 38,175 524,748 874,353 20
160%
Sep-15 1,675 1,525 1,550 32,563 419,021 676,229 21
Oct-15 1,770 1,565 1,630 52,743 914,328 1,523,625 21
80% 72.8% Nov-15 1,760 1,605 1,605 46,419 639,780 1,085,373 21
Dec-15 1,690 1,605 1,670 30,077 407,446 673,388 19
22.0%
-
Jan-16 1,775 1,615 1,735 56,094 850,420 1,459,308 20
-80% Feb-16 2,000 1,725 1,930 63,550 848,534 1,598,813 20
Dec 12 Dec 13 Dec 14 Dec 15 Mar-16 2,045 1,880 2,005 46,588 561,814 1,103,782 21
Apr-16 2,395 1,995 2,345 68,067 827,418 1,820,681 21
May-16 2,660 2,330 2,510 91,521 1,200,692 3,011,293 20
SHARES TRADED 2012 2013 2014 2015 Jul-16 Jun-16 2,580 2,360 2,550 97,531 1,240,574 3,067,552 22
Volume (Million Sh.) 1,432 16,180 15,572 8,503 6,401 Jul-16 2,860 2,490 2,770 68,115 871,744 2,372,370 16
Value (Billion Rp) 623 10,728 12,629 14,184 14,434
Frequency (Thou. X) 18 440 501 542 491
Days 6 244 242 241 140
Price (Rupiah)
High 490 1,080 1,550 1,900 2,860
Low 420 400 402 1,355 1,615
Close 450 405 1,470 1,670 2,770
Close* 439 395 1,433 1,670 2,770
PER (X) 17.04 10.60 84.55 21.63 31.95

PER Industry (X) 17.34 9.57 16.29 13.36 18.64
PBV (X) 2.16 1.64 5.90 2.34 3.65

Public Accountant : Doli, Bambang, Sulistiyanto, Dadang & Ali (Member of BKR International)
Receivables 1,971,997 2,342,084 2,990,509 5,512,986 4,322,581

412,538 292,227 604,279 826,384 823,171 33,000
Inventories
Investment 50,352 70,168 659,691 972,699 1,337,918
24,750
Fixed Assets 239,934 415,440 621,792 1,923,144 2,829,374
Other Assets 19,036 21,180 33,023 236,767 265,221
16,500
Total Assets 8,366,244 8,788,303 12,542,041 30,309,111 40,487,177
Growth (%) 5.04% 42.71% 141.66% 33.58% 8,250
Bank Payable 822,776 874,808 1,917,129 5,074,779 9,511,714 -

Growth (%) 0.72% 51.34% 112.57% 46.65%
963,233 963,224 966,634 1,357,249 1,357,328 9,704

Par Value 100 100 100 100 100
8,174
Retained Earnings 215,174 563,911 954,024 1,933,161 2,309,882

6,079
Total Equity 2,007,075 2,383,437 2,848,830 9,704,207 10,269,157

Growth (%) 18.75% 19.53% 240.64% 5.82%
2,849
3,984
2,383
2,007
Total Revenues 8,808,416 9,686,610 10,286,813 14,152,753 8,084,574

Growth (%) 9.97% 6.20% 37.58%
-205
2012 2013 2014 2015 Jun-16
Cost of Revenues 8,076,158 8,775,914 9,177,917 12,231,515 6,595,214

Gross Profit 824,835 1,012,371 1,306,012 1,932,837 1,481,608
Operating Profit 628,528 706,898 939,383 1,739,500 1,328,195 14,153
Growth (%) 12.47% 32.89% 85.17%

10,287
9,687
11,266

8,085
Tax 205,882 243,230 254,389 350,413 340,454

Profit for the period 254,031 367,970 501,213 1,047,591 582,233
5,491
Growth (%) 44.85% 36.21% 109.01%

2,604
Period Attributable 254,031 368,060 501,531 1,047,738 586,268 -283
Dividend (Rp) 2.11 11.46 10.31 15.44 -
1,048
EPS (Rp) 26.37 38.21 51.88 77.20 43.19 1,048
BV (Rp) 208.37 247.44 294.72 714.99 756.57

DAR (X) 0.76 0.73 0.77 0.68 0.75 834
DER(X) 3.17 2.69 3.40 2.12 2.94 582

3.04 4.19 4.00 3.46 1.44 501
620
ROA (%)
ROE (%) 12.66 15.44 17.59 10.80 5.67 406
368
GPM (%) 9.36 10.45 12.70 13.66 18.33 254
OPM (%) 7.14 7.30 9.13 12.29 16.43 193
NPM (%) 2.88 3.80 4.87 7.40 7.20

Payout Ratio (%) 8.00 30.00 19.87 20.00 -
-21
2012 2013 2014 2015 Jun-16

Yield (%) 0.47 2.83 0.70 0.92 -

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IDX LQ45

No. Code Stock Name Page

Jakarta Composite Index =

10. Debt to Equity Ratio (DER)

11. Return on Assets (ROA)

12. Return on Equity (ROE)

13. Gross Profit Margin (GPM)

18. [S] Sharia Compliant Stock

20. Comprehensive Attribute : Comprehensive Income attributable to owners entity

Jakarta, August 2016

Research and Development Division

2016 Indonesia Stock Exchange. All rights reserved.

ASTRA AGRO LESTARI TBK.

2 RESEARCH AND DEVELOPMENT DIVISION

43 | 8.88T | 0.64% | 76.08%

COMPANY HISTORY SHAREHOLDERS (July 2016)

RESEARCH AND DEVELOPMENT DIVISION 3

7,500 10.0 Jan-13 20,850 18,750 18,850 10,591 20,796 409,347 21

Price (Rupiah) Jan-16 17,450 15,600 17,075 35,425 32,255 535,544 20

4 RESEARCH AND DEVELOPMENT DIVISION

Receivables 50,068 20,554 47,451 88,026 180,113

Current Liabilities 2,600,540 3,759,265 4,110,955 3,522,133 3,324,755 -

Paid up Capital (Shares) 1,575 1,575 1,575 1,575 962

Total Equity 9,365,411 10,263,354 11,833,778 11,698,787 16,423,322

INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 3,022

Total Revenues 11,564,319 12,674,999 16,305,831 13,059,216 6,344,601

2012 2013 2014 2015 Jun-16

Cost of Revenues 7,206,837 8,592,003 11,352,975 9,977,118 5,010,331

Tax 1,004,627 694,729 1,059,765 479,829 264,623 6,345

Growth (%) -24.46% 37.72% -73.47%

Period Attributable 2,410,259 1,802,193 2,504,467 619,107 792,139 -326

EPS (Rp) 1,530.57 1,144.43 1,590.40 393.15 823.13

DAR (X) 0.25 0.31 0.36 0.46 0.35

ROA (%) 20.29 12.72 14.13 3.23 3.21

ROE (%) 26.91 18.55 22.16 5.95 4.96

2012 2013 2014 2015 Jun-16

RESEARCH AND DEVELOPMENT DIVISION 5

6 RESEARCH AND DEVELOPMENT DIVISION

21 | 16.1T | 1.16% | 58.46%

COMPANY HISTORY SHAREHOLDERS (July 2016)

RESEARCH AND DEVELOPMENT DIVISION 7

850 60 Jan-13 2,150 1,730 2,000 25,820 386,992 740,424 21

35.2% Jan-15 3,780 3,320 3,695 64,117 576,447 2,067,005 21

Price (Rupiah) Jan-16 2,580 2,070 2,550 70,823 856,813 2,027,511 20

8 RESEARCH AND DEVELOPMENT DIVISION

Receivables 2,332,098 2,705,085 3,214,051 3,311,392 3,160,456

Bank Payable 200,920 211,800 771,500 1,620,236 2,628,346 -

Paid up Capital (Shares) 1,801 1,801 1,801 3,561 3,561

Retained Earnings 943,642 1,307,301 1,509,579 1,789,885 1,878,915

Total Equity 1,180,919 1,548,463 1,751,543 5,162,132 5,124,034

INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Jun-16 950

Total Revenues 7,627,703 9,799,598 8,653,578 9,389,570 3,130,788

2012 2013 2014 2015 Jun-16

Cost of Revenues 6,671,815 8,606,444 7,655,377 8,414,926 2,862,933

Other Income (Expenses) -88,526 -108,337 -125,327 -104,639 -80,558

Tax 209,998 305,927 267,896 281,066 87,556

Growth (%) 91.47% -18.80% 40.21%

Period Attributable 211,590 405,977 329,075 463,685 55,537 -196

DER(X) 5.67 5.28 4.97 2.25 2.35

ROA (%) 213

GPM (%) 13.68 12.73 11.54 10.38 8.56

NPM (%) 2.80 4.17 3.83 4.95 1.78

2012 2013 2014 2015 Jun-16