The outlook for Malindo Feedmill, one of the largest animal feed producers in Indonesia, has become more upbeat after the arrival of fresh funds (IDR 537 billion) through the company's rights issue and on expectation of improving conditions in the nation's chicken breeding industry. Malindo Feedmill will use proceeds from the rights issue to repay US dollar-denominated debt to Bank Central Asia (BCA) and Bank CIMB Niaga. Based on a financial report, the company had a total debt of IDR 2.2 trillion (approx. USD $157 million) in the third quarter of 2015.

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In our company profiles section, Indonesia Investments has updated the company profile of PT Malindo Feedmill Tbk (listed company code MAIN). This Indonesian company produces as well as distributes animal (poultry) feed, particularly broiler breeder feed, broiler layer feed, layer breeder feed and commercial Day Old Chicks (DOC). At end 2012, Malindo Feedmill's total annual production capacity of DOC was 184.4 million, while the feed production capacity was approximately 900,000 tonnes per year.

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Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) replaced seven stocks in its Pefindo25 Index for the period 1 February to 31 July 2014. The Pefindo25 Index, which is tracked by yahoo finance, represents stocks of small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that possess good fundamental performances and liquidity. The composition of the index, which contains 25 stocks, is reviewed and revised two times per year.

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Indonesian animal feed and commercial day-old chicks producer Malindo Feedmill is expected to post net profit again in 2016 after two straight years of net losses. This optimistic projection is based on Indonesia's higher purchasing power, stable supply-demand of poultry as well as the company's stable production costs (supported by the stable rupiah exchange rate). Malindo Feedmill is one of the largest animal feed producers in Indonesia. Its main competitors are Japfa Comfeed Indonesia and Charoen Pokphand Indonesia.

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