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Home arrow Latest News arrow Issuers Textiles Start Getting Profits


				
			
			
Issuers Textiles Start Getting Profits PDF Print E-mail
Written by Maizer   
Monday, 07 November 2016

After the majority of depressed during the first half of this year, textile and garment performance of listed companies during the third quarter / 2016 began to show improvement as the growth of the Indonesian economy. From the data gathered, which obtains revenue dozen textile and garment issuers this year average growth of 3.17% year-on-year. In fact, in the first half ago, the average income of the issuer's intensive slid 2.6%.

 

PT Panasia Indo Resources Tbk. (HDTX) became champion with the highest growth in revenue since the beginning of the year amounted to 25.54%. In contrast, PT Star Petrochem Tbk. (STAR) panning the deepest decline in revenue of 47.5%.

 

The coffers of the advantages listed textile and garment also started to show recovery. Not only losses are depleted, a number of issuers managed to turn the book 'red' to 'blue'. (See illustration).

 

A textile manufacturer PT Sri Rejeki Isman Tbk. (SRIL) pocketed a net profit of US $ 44.89 million equivalent to Rp583,5 billion, which represents 81% of the consensus projection throughout 2016.

 

President Director of PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto targeting net profit growth this year minimum period equal to the acquisition of 2015. In fact, the company's net profit is targeted to grow 20%.

 

"We estimate the net profit in 2016 remains as 2015 could grow by 20%," he said.

 

Last year, issuers coded shares SRIL it pocketed a net profit of US $ 55.66 million, up 7.17% from US $ 50.45 million. Revenues last year rose 10.3% from US $ 589.08 million to US $ 631.34 million.

 

Allan Moran Severino, Director of Finance issuers is more famous as Sritex optimistic to reap a net profit this year worth US $ 64.01 million, up 10% -15% yoy. Targeted sales increased 5% -8% this year.

 

In a financial report released by the company, mentioned in net profit attributable to the parent entity reached US $ 44.89 million. The profit was up 17.2% on the acquisition of the same period last year of US $ 38.3 million.

 

Revenue scooped SRIL reached US $ 498.69 million in the third quarter / 2016, up 4.9% from the same period the previous year of US $ 475.27 million.

 

Cost of revenues also increased 4.2% to US $ 394.46 million from US $ 378.41 million. Thus, Sritex gross profit rose 7.6% to US $ 104.2 million from US $ 96.8 million.

 

The foreign exchange loss further reduced to US $ 405,250 from US $ 3.55 million. Finally, profit for the period reached US $ 44.89 million, up 17.2% yoy from US $ 38.3 million.

 

Investment Specialist PT BNI Asset Management Akuntino Mandhany, assess SRIL have lines upstream and downstream businesses. Textile market share SRIL very open, especially for products of military clothing.

 

"Production and Sritex clear target market. But bond issuance yesterday feared to be a financial burden," he said.

 

Indeed, ratings agency Standard and Poor's downgraded the long-term debt Sritex to B + from BB- with a stable outlook. Global bonds issued by its subsidiary, Golden Legacy Ltd. Rp4,65 trillion worth to have a coupon of 8.25%.

 

According Akuntino, global interest coupon bonds was fairly large. He worried that the company obtain additional financial burden of interest payments despite a natural hedge.

 

Separately, President Director of PT Trident International Tbk. (TRIS) Kris Widjojo targets revenue and net profit in 2017 increased to 15%. According to the growth of the export garment industry in 2017 will not be as strong growth this year and a few years back.

 

He explained that the cause is a number of global issues, such as Brexit in the UK, affecting corporate demand of the garment. Trisula International is the garment and textile companies that rely on export markets in Asia, Australia, America, and Europe.

 

Emiten Tekstil Mulai Mendapat Keuntungan

 

Setelah mayoritas tertekan pada paruh pertama tahun ini, kinerja emiten tekstil dan garmen selama kuartal III/2016 mulai menunjukkan perbaikan seiring pertumbuhan ekonomi Indonesia.  Dari data yang dihimpun, pendapatan yang diraup selusin emiten tekstil dan garmen pada tahun ini rerata tumbuh 3,17% year-on-year. Padahal, pada paruh pertama lalu, rerata pendapatan emiten padat karya ini terkoreksi 2,6%.

 

PT Panasia Indo Resources Tbk. (HDTX) menjadi jawara dengan pertumbuhan pendapatan tertinggi sejak awal tahun sebesar 25,54%. Sebaliknya, PT Star Petrochem Tbk. (STAR) mendulang penurunan pendapatan terdalam 47,5%.

 

Pundi-pundi keuntungan emiten tekstil dan garmen juga mulai menunjukkan pemulihan. Tidak hanya kerugian yang menipis, sejumlah emiten berhasil membalikkan buku 'merah' menjadi 'biru'. (lihat ilustrasi).

 

Emiten tekstil PT Sri Rejeki Isman Tbk. (SRIL) mengantongi laba bersih US$44,89 juta setara dengan Rp583,5 miliar, yang merupakan 81% dari proyeksi konsensus sepanjang 2016.

 

Direktur Utama PT Sri Rejeki Isman Tbk. Iwan Setiawan Lukminto menargetkan pertumbuhan laba bersih tahun ini minimum menyamai dengan perolehan periode 2015. Bahkan, laba bersih perseroan ditargetkan dapat tumbuh 20%.

 

"Kami estimasikan laba bersih 2016 tetap seperti 2015, bisa tumbuh 20%," ujarnya.

 

Tahun lalu, emiten bersandi saham SRIL itu mengantongi laba bersih US$55,66 juta, naik 7,17% dari US$50,45 juta. Pendapatan tahun lalu naik 10,3% dari US$589,08 juta menjadi US$631,34 juta.

 

Allan Moran Severino, Direktur Keuangan emiten yang lebih sohor dengan sebutan Sritex, optimistis dapat meraup laba bersih sepanjang tahun ini senilai US$64,01 juta, naik 10%-15% yoy. Penjualan ditargetkan meningkat 5%-8% tahun ini.

 

Dalam laporan keuangan yang dirilis perseroan, disebutkan laba bersih yang dapat diatribusikan kepada entitas induk mencapai US$44,89 juta. Laba tersebut naik 17,2% dari perolehan periode yang sama tahun lalu US$38,3 juta.

 

Pendapatan yang diraup SRIL mencapai US$498,69 juta hingga kuartal III/2016, naik 4,9% dari periode yang sama tahun sebelumnya US$475,27 juta. 

 

Beban pokok pendapatan juga meningkat 4,2% menjadi US$394,46 juta dari US$378,41 juta. Sehingga, laba kotor Sritex naik 7,6% menjadi US$104,2 juta dari US$96,8 juta.

 

Kerugian selisih kurs semakin berkurang menjadi US$405.250 dari sebelumnya US$3,55 juta. Akhirnya, laba periode berjalan mencapai US$44,89 juta, naik 17,2% yoy dari US$38,3 juta.

 

Investment Specialist PT BNI Asset Management Akuntino Mandhany, menilai SRIL memiliki lini bisnis hulu dan hilir. Pangsa pasar tekstil SRIL sangat terbuka, terutama untuk produk pakaian militer.

 

"Produksi dan target pasar Sritex jelas. Tapi penerbitan obligasi kemarin dikhawatirkan menjadi beban keuangan lagi," katanya.

 

Memang, lembaga pemeringkat Standard and Poor's menurunkan rating utang jangka panjang Sritex menjadi B+ dari BB- dengan outlook stabil. Obligasi global yang diterbitkan anak usahanya, Golden Legacy Ltd. senilai Rp4,65 triliun memiliki kupon 8,25%.

 

Menurut Akuntino, kupon bunga global bonds itu terbilang sangat besar. Dia khawatir, perseroan mendapatkan tambahan beban keuangan pembayaran bunga meskipun terjadi lindung nilai secara alamiah.

 

Secara terpisah, Direktur Utama PT Trisula International Tbk. (TRIS) Kris Widjojo menargetkan pendapatan dan laba bersih pada 2017 meningkat hingga 15%. Menurutnya pertumbuhan industri garmen ekspor pada 2017 tidak akan sekuat pertumbuhan tahun ini dan beberapa tahun ke belakang.

 

Dia menjelaskan, penyebabnya adalah sejumlah permasalahan global, seperti Brexit di Inggris, mempengaruhi permintaan korporasi terhadap garmen. Trisula International ialah perusahaan garmen dan tekstil yang bertumpu pada pasar ekspor di Asia, Australia, Amerika, dan Eropa.

 

 

 

 
		
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