Articles

Study Case: Company Valuation and Forecasting Financial Trends at PT PP London Sumatera Indonesia (LSIP)

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PT PP London Sumatra Indonesia Tbk (LSIP) is a company that has been established in Indonesia since 1906 and started its IPO in 1996 with an IPO price of Rp4.650 for each share. Even though the company’s performance is going well and the trend of palm oil consumption in Indonesia is increasing, the share price of PT PP London Sumatra Indonesia Tbk has fluctuated and even decreased when compared to the initial IPO price and share prices in the last 5 years. So this raises the question of how the company’s stock performance will be in the next few years. In this research, the author begins by analyzing the macro-environment which may have an impact on the company and industry, then the author carries out an analysis of the financial statements of the company and its competitors. Apart from that, the author also tries to forecast the company’s financial performance and then continue with company valuation analysis using the discounted cash flow method. After getting the valuation results, the author tries to see the company’s level of sensitivity using scenario analysis and also carries out capital structure analysis to find the optimal capital structure. Based on the results of financial performance analysis, Lonsum (LSIP) has better financial performance compared to its competitors except for assets turnover. And then based on the results of discounted cash flow analysis, this company is not yet worthy of being a place for us to invest. And the last based on all the results of the previous analysis, when compared with competing companies, LSIP is a company that has quite a lot of potential as a place to invest. However, currently the company still has to look for a catalyst in order to become a company that is worthy of being a place for us to invest.  Based on the result, the author suggest the reader to continue to collect information related to PT PP London Sumatra Indonesia Tbk, other competitors and plantation in similar industries to find catalysts that have positive impact on the company, and invest when the company has a positive catalyst.

Vermicomposting in Silver Oak Plantation Areas for Sustainable Waste Management and Enhanced Livelihood: A Case Study of Kolli Hills, Tamil Nadu, India

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Silver Oak plantation on farmlands growing coffee and black pepper has gained importance in recent times in the areas surrounding the Kolli hills in the Namakkal district of Tamil Nadu, India. The Silver Oak trees shed significant quantities of dry leaves during the summer season which the local Malayali tribal community burns and/or leaves on ground. The current case study is based on an experiment of vermicomposting using local Silver Oak leaf litter, cow dung and earthworms. The results show that joint production of manure from agroforestry practices is an option in self-sufficiency for the rural communities and has the potential for a business model. Moreover, this ensures environmental sustainability by avoiding green-house gas emissions that are caused by the practice of burning leaves and/or leaving the mulch to rot. The present paper attempts to develop a sustainable model of vermicomposting in the Kolli hills region that can offer triple solutions encompassing organic manure production, environmental quality improvement and livelihood opportunity enhancement. Based on field surveys and physiochemical experiments in the Perungiraipatti village of the Kolli hills, the study presents a sustainable model of vermicomposting with specifications on nutritional quality, environmental sustainability and economic development. 

Use of Intermediate Crops in the Establishment of Sown Parsley (Coriandrum Sativum L.) Plantations

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The article states that the Coriandrum sativum L. plant can be used as an intermediate crop in the establishment of plantations. Experiments have shown that the use of intermediate crops in the cultivation of cashmere (Coriandrum sativum L.) on plantations has yielded effective results. In particular, in the cultivation of Coriandrum sativum L., the use of intermediate crops for one year increased the yield to 6%, and in the case of continuous crop rotation using intermediate crops, this figure increased to 12-14%. The use of intermediate crops in the cultivation of medicinal and spice plants is important not only to improve the structure of the soil, but also to increase its economic efficiency.