JAKARTA - The Composite Stock Price Index (JCI) fell 1.02% or 71.99 points to 7,016.88 on Monday (13/1) trading. The index touched its highest position at 7,089.57 and lowest at 6,986.59. In last weekends trading, the index closed at 7,088.87. The three stocks that weighed the most on JCI performance were PT Bank Rakyat Indonesia...
JAKARTA –PT Platinum Wahab Nusantara Tbk (TGUK), the owner of beverages brand Teguk, had closed down over 100 of its outlets in 2024. The company now only retains 35 stores. The management of TGUK mentioned that the close-down of stores resulted from inconducive market condition, especially for middle-low-income households. “People’s purchasing power are extremely scarce,...
JAKARTA – The Bayan Group carried out mining exploration activities in three areas with a total expenditure of USD 2.49 million in the fourth quarter of 2024. In a disclosure on Friday (10/1), Jenny Quantero, Director of PT Bayan Resources Tbk (BYAN), stated that the mining exploration activities were conducted by third parties in three...
JAKARTA – The increasing number of fraud cases in the financial services sector has prompted the Financial Services Authority (OJK) to introduce a new regulation through POJK Number 28 of 2024. The regulation addresses the management of conduct records through the Sistem Informasi Pelaku (SIPELAKU), a system that tracks the conduct of individuals in the...
JAKARTA – PT Masmindo Dwi Area (MDA), a subsidiary of PT Indika Energy Tbk (INDY), has appointed Macmahon Holding Limited as the mining contractor for its gold mining project. The mine, located in Awak Mas, South Sulawesi, will be developed under a contract valued at AUD 463 million, according to Adi Pramono, Corporate Secretary of...
JAKARTA – PT Bangun Kosambi Sukses Tbk (CBDK), a subsidiary of PT Pantai Indah Kapuk Dua Tbk (PANI), successfully held its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) today (13/1). Despite its strong reputation bolstered by its parent company, CBDK offered only 10% of its issued and paid-up capital to the public,...
JAKARTA – The majority of companies in the Initial Public Offering (IPO) pipeline of the Indonesia Stock Exchange (IDX) have large-scale assets. “As of now, there are 19 companies in the IDXs IPO pipeline,” revealed I Gede Nyoman Yetna, Director of Company Valuation at IDX, in an official statement. At least 17 of the 19...
JAKARTA – PT Surya Biru Murni Acetylene Tbk (SBMA) remains in the spotlight as its business in the Kalimantan region continues to grow. SBMA is optimistic that several strategic projects in the oil and gas, mining, and manufacturing sectors will drive the regions economic growth. These projects are expected to increase the demand for industrial...
JAKARTA – The Indonesia Stock Exchange (IDX) welcomed a new pharmaceutical issuer, PT Brigit Biofarmaka Teknologi Tbk (OBAT), following its Initial Public Offering (IPO) on Monday, January 13. In this corporate action, OBAT offered 170 million shares, equivalent to 28.33% of its issued and paid-up capital post-IPO. With an offering price of IDR 350 per...
JAKARTA – The Jakarta Composite Index (JCI) experienced a correction during the opening of the first trading session, reaching 7,063.53 points by 09.46 AM WIB on Monday (13/1). As of this morning, IHSG was at 7,063.53 points as of 09.40 AM WIB, having opened lower than last weeks close at 7,078.24 points. Several large-cap stocks...