CPO: CPO Price Rises 3% in a Week, Hits 14-Week High
Crude palm oil (CPO) prices rose for the third straight week, closing on Friday, July 18, 2025, at
MYR 4,316 per ton—the highest level in 14 weeks— driven by gains in rival vegetable oils on the
Dalian and Chicago exchanges. Analysts attribute the increase to higher soybean oil prices,
expectations of a weaker ringgit, and global oil price trends, which make CPO more attractive for
biodiesel. Meanwhile, Malaysian palm oil exports fell 5.3–6.2% in early July, and the government
raised the CPO reference price for August, lifting the export tax to 9%. In Indonesia, biodiesel
consumption reached 7.42 million kiloliters by mid-July, while the Palm Oil Fund (BPDP) expects
IDR 30 trillion in levy revenue this year to support the biodiesel mandate. (IDX Channel)
BYAN Signs IDR 3.45 Trillion Related-Party Deal for Coal Terminal Acquisition and Expansion
Bayan Resources (BYAN), along with affiliates Fajar Sakti Prima and Nirmala Matranusa, has
signed a IDR 3.45 trillion related-party transaction involving the acquisition and development of a
coal terminal. The acquisition portion, worth IDR 3.3 trillion, includes land, infrastructure, heavy
equipment, and construction in progress. An additional IDR 151.69 billion is allocated for
terminal development, to be paid in phases. The transaction is considered affiliated due to shared
ownership under Low Tuck Kwong. The company cited operational efficiency, cost advantages, and
project certainty with Nirmala as key reasons for the deal, highlighting its competitive pricing,
flexibility, and experience in jetty construction (Emiten)
CDIA Plans to Add Two New Ship Fleets
PT Chandra Daya Investasi Tbk (CDIA) is adding two new fleets to strengthen its supply chain in
the chemical logistics business. The company has prepared two units of chemical vessels with a
capacity of 9,000 DWT specifically designed for transporting chemicals on both domestic and
international shipping routes. Not only does this expand logistic capacity, but the presence of the
new fleet will also enhance the connectivity of chemical distribution routes in Southeast Asia
and open up expansion opportunities to global markets, including Europe. In addition to
enhancing cross-border trade connectivity, these two ships will play a crucial role in the
transportation of products from the chemical production facilities owned by Chandra Asri
Group. The ships are still under construction in Japan and are targeted to be operational in the
first semester of 2026. Eventually, these ships will fly the Indonesian flag to serve domestic
distribution routes, as well as an international flag to tap into cross-border markets.
NICL Books IDR 1.05T Revenue on Soaring Nickel Sales
PT PAM Mineral Tbk. (NICL) posted strong financial growth in H1 2025, with revenue surging
152% year-on-year to IDR 1.05 trillion, driven by a 166% jump in nickel sales volume to 1.88 million
tons. Net profit skyrocketed 386% to IDR 358.07 billion, thanks to operational efficiency and rising
sales. Despite a 3.8% decline in domestic benchmark nickel prices since late 2024, NICL
views this as a short-term correction and remains optimistic. The company increased total assets to
IDR 1.09 trillion and paid out IDR 159.53 billion in interim dividends, equal to 82.6% of its net
income. NICL plans to maintain dividend payouts and continue expanding its marketing network to
new regions, including Obi and Halmahera Islands. Amid global supply shifts and US tariff
uncertainties, NICL sees Indonesia as a strategic alternative supplier of critical minerals beyond
China and aims to attract strategic partners to support future business development. (Bisnis
Indonesia)
TAPG Shares Rally 29% in a Month, Driven by CPO Price Surge and Trade Policy Tailwinds
Shares of Triputra Agro Persada (TAPG) surged 29 percent over the past month to IDR 1,260, lifting
its market cap above IDR 25 trillion. The rally was fueled by rising global CPO prices, with Malaysia’s
CPO futures reaching RM4,200–4,225 per ton in mid-July, the highest since April 2025. Corporate
Secretary Joni Tjeng cited strong export volumes and sustained demand supported by biodiesel
programs and importer consumption cycles. Positive trade developments also boosted
sentiment, including the breakthrough in the Indonesia–EU CEPA negotiations and a U.S. tariff
cut on Indonesian CPO from 32 to 19 percent, improving access to key markets. (IDX)
WSKT Posts Q2 2025 Turnaround as Cost Efficiency and Debt Restructuring Bear Fruit
Waskita Karya (WSKT) recorded a notable performance recovery in Q2 2025, with gross
profit rising 14.4% YoY to IDR 661.3 billion, thanks to effective cost-efficiency initiatives. Financial
expenses dropped 18.3% to IDR 1.9 trillion, following the company’s successful debt
restructuring involving 22 bank creditors under a Master Restructuring Agreement (MRA) and
KMKP 2021 totaling IDR 31.65 trillion. Vendor payables also saw a significant decline to IDR 73
billion by May 2025, down 78.53% from Q1. With improved cash flow flexibility, Waskita is now
focused on corporate transformation. This includes returning to its core construction
business, avoiding risky investments, strengthening governance, and enhancing
workforce competence to ensure long-term business sustainability. (Emiten)
