July 12, 2014 5:03 PM ET

Diversified Financial Services

Company Overview of Malacca Trust Limited

Company Overview

Malacca Trust Limited, an investment holding company, provides various financial services to retail and institutional customers primarily in Indonesia. It offers consumer financing of primarily pre-owned passenger cars, commercial vehicles, and heavy vehicles; and portfolio management services, including mutual fund products and bilateral discretionary contracts for institutional clients through third party selling agents comprising commercial banks and financial institutions. The company also provides equity and fixed income brokerage services, margin financing, and corporate financial advisory services, as well as operates BPonline, an Internet trading platform. In addition, it offers gene...

Chase Plaza

12th Floor

Jl. Jend. Sudirman Kav. 21

Jakarta,  12920

Indonesia

Founded in 2007

Key Executives for Malacca Trust Limited

Chief Executive Officer and Executive Director
Age: 46
Chief Financial Officer and Director of BPI
Age: 49
President Director of Bpam and Member of Investment Committee
Age: 40
Executive Officer and President Director of BPS
Age: 40
Joint Company Secretary
Compensation as of Fiscal Year 2014.

Malacca Trust Limited Key Developments

Malacca Trust Ltd. Announces Unaudited Group Earnings Results for the Quarter and Year Ended December 31, 2013

Malacca Trust Ltd. announced unaudited group earnings results for the quarter and year ended December 31, 2013. Net interest income was IDR 23,429,329,000 against IDR 19,894,141,000 a year ago. Net premiums income was IDR 5,519,143,000 against IDR 2,489,125,000 a year ago. Total operating income was IDR 63,963,296,000 against IDR 63,958,362,000 a year ago. Profit before income tax income was IDR 15,330,569,000 against IDR 18,233,102,000 a year ago. Profit for the period attributable to owners of the parent was IDR 8,336,239,000 against IDR 14,218,307,000 a year ago. Net cash used in operating activities was IDR 54,608,591,000 against net cash from operating activities of IDR 34,552,854,000 a year ago. Purchases of plant and equipment were IDR 5,333,534,000 against IDR 2,778,468,000 a year ago. Basic and diluted earnings per ordinary share was 2,402.3 cents against 4,097.3 cents a year ago For the year, net interest income was IDR 97,641,768,000 against IDR 83,899,040,000 a year ago. Net premiums income was IDR 17,285,577,000 against IDR 5,500,607,000 a year ago. Total operating income was IDR 260,082,674,000 against IDR 229,720,414,000 a year ago. Profit before income tax income was IDR 67,163,394,000 against IDR 53,392,351,000 a year ago. Profit for the period attributable to owners of the parent was IDR 40,344,231,000 against IDR 35,497,106,000 a year ago. Net cash used in operating activities was IDR 246,827,227,000 against IDR 94,244,611,000 a year ago. Purchases of plant and equipment were IDR 14,606,329,000 against IDR 20,742,763,000 a year ago. Basic and diluted earnings per ordinary share were 11,626.1 cents against 10,229.3 cents a year ago. Total interest income increased by IDR 39.6 billion from IDR 121.1 billion in 2012 to IDR 160.8 billion in 2013. The increase was mainly attributable to the increase in consumer financing and finance lease income from PT Batavia Prosperindo Finance Tbk (BPF) which amounted to IDR 40.5 billion due to an increase in the number of customer bookings in 2013. Net premiums income was contributed by PT Malacca Trust Wuwungan Insurance (MTI) and increased by IDR 11.8 billion in 2013 as compared to 2012 due to the growth in the average number of customers and transaction volume in 2013. The net cash outflows from changes in working capital were mainly due to an increase in trade and other receivables of IDR 264.6 billion, a decrease in trade and other payables of IDR 48.3 billion and an increase in prepayments of IDR 1.7 billion.

Malacca Trust Limited Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Group Earnings Guidance for the Full Year Ending December 31, 2013

Malacca Trust Limited reported unaudited group earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported interest income of IDR 45,391,006,000 compared to interest income of IDR 32,741,374,000 for the same period a year ago. Net interest income was IDR 25,282,434,000 compared to IDR 22,297,872,000 last year. Net premium income was IDR 4,557,695,000 compared to IDR 1,714,166,000 last year. Total operating income was IDR 66,290,781,000 compared to IDR 59,509,634,000 last year. Profit before income tax was IDR 14,442,037,000 compared to IDR 13,414,326,000 last year. Profit was IDR 9,868,682,000 compared to IDR 9,815,302,000 last year. Profit attributable to the owners of the parent was IDR 9,081,161,000 or 2,617.0 cents per basic and diluted share compared to IDR 8,912,059,000 or 2,568.2 cents per basic and diluted share last year. Net cash used in operating activities was IDR 19,956,778,000 compared to IDR 23,404,913,000 last year.Acquisitions of plant and equipment were IDR 2,019,925,000 compared to IDR 11,217,430,000 last year. The increase in total interest income was mainly attributable to the increase in consumer financing and finance lease income from PT Batavia Prosperindo Finance Tbk (BPF) which amounted to IDR 12.2 billion due to an increase in the number of customer bookings in the third quarter of 2013. For the nine months, the company reported interest income of IDR 115,734,715,000 compared to interest income of IDR 89,866,078,000 for the same period a year ago. Net interest income was IDR 74,212,439,000 compared to IDR 64,004,899,000 last year. Net premium income was IDR 11,766,434,000 compared to IDR 3,011,483,000 last year. Total operating income was IDR 196,119,378,000 compared to IDR 165,762,052,000 last year. Profit before income tax was IDR 51,832,824,000 compared to IDR 35,159,248,000 last year. Profit was IDR 34,860,964,000 compared to IDR 23,359,750,000 last year. Profit attributable to the owners of the parent was IDR 32,007,992,000 or 9,223.9 cents per basic and diluted share compared to IDR 21,278,799,000 or 6,132.0 cents per basic and diluted share last year. Net cash used in operating activities was IDR 192,218,636,000 compared to IDR 128,797,465,000 last year. Net asset value was 1,274.5 per ordinary share as on September 30, 2013. On company basis, net asset value was 772.8 per ordinary share as on September 30, 2013. Barring any unforeseen circumstances, the Board expects the group to be profitable for the financial year ending December 31, 2013.

Malacca Trust Limited Announces Incorporation of Subsidiary Companies

Malacca Trust Limited announced the incorporation of subsidiaries, namely (i) Batavia Prosperindo Premium Affiliates Limited ("BPPA"), an 85% owned subsidiary of the Company and (ii) Batavia Prosperindo Premium Limited, a 70% owned subsidiary of BPPA.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 23, 2013
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