JAKARTA. PT Summarecon Agung Tbk (SMRA), a real estate management and developer issuer, has posted a net profit of IDR 933.71 billion in the first nine months (9M) of 2024. This gain increased 42.9% year-on-year (yoy) or compared to the companys net profit in 9M 2023, which only reached IDR 653 billion. This increase is...

JAKARTA – PT Citra Buana Prasida Tbk (CBPE) has injected IDR 85.71 billion in capital into its subsidiary, PT Talaga Ambara Nuansa (TAN), which will focus on the companys core business in property development. In a disclosure on Friday (22/11), Didi Omara, President Director of CBPE, stated that following the completion of the capital injection,...

JAKARTA – PT Eastspring Investments Indonesia, in collaboration with Bank DBS Indonesia as the custodian bank, has launched the Eastspring ESGQ45 IDX KEHATI Index Fund. As the name suggests, the fund uses the ESGQ45 IDX KEHATI Index as its benchmark. The fund primarily invests in securities listed on the ESGQ45 IDX KEHATI Index, with an...

Citra Tubindo Tbk (CTBN), an service and facility provider for oil and gas industry, posted net profit of USD 18.46 million within the first nine months (9M) of 2024. Said number increased 59% year-on-year (yoy) compared to net profit in the same period last year, in which CTBN only scored USD 11.6 million. According to...

JAKARTA -PT Caturkarda Depo Bangunan Tbk (DEPO) is targeting revenue of IDR 3 trillion in 2025, considering the newly established political stability following new government cabinet formation. Until the end of this year, DEPO is optimistic about booking revenue of IDR 2.8 trillion. It increases from 2022 revenue realisation of DIR 2.68 trillion, while net...

JAKARTA – Following the decision by Bank Indonesias Board of Governors to maintain the BI rate at 6.00% yesterday (20/11), the Rupiah has slumped against the US Dollar, dropping to Rp15,945 as of 10.30 AM WIB today (21/11). In just two months, the Rupiah has depreciated by 5.3%, or more than 500 basis points, from...

JAKARTA. PT Sunindo Pratama Tbk (SUNI) and its subsidiary, PT Rainbow Tubulars Manufacture (RTM), has signed a credit agreement with PT Bank UOB Indonesia. In said agreement, SUNI is said to obtain an Omnibus LC/SKBDN facility worth IDR 25 billion, consisting of several sublimit with Trust Receipt (TR) of IDR 25 billion, Clean Trust Receipt...

JAKARTA. Shareholders ofPT Lippo Cikarang Tbk (LPCK) has approved the plan of rights issue of 3 billion shares, despite its profit slowing down in the first half (H1) of 2024. During Extraordinary General Meeting of Shareholders (EGMS) held on November 19, 2024, the shareholders agreed upon the issuance of LPCK’s new shares worth IDR 500...

JAKARTA – Current account deficit was reported at USD 2.15 billion in Q3 2024, increasing 86% year-on-year (yoy) from USD 1.15 billion. Based on Balance of Payment (BOP) of Bank Indonesia (BI) data quoted Thursday (21/11), this year-on-year increase in current account deficit resulted from lower surplus in goods to USD 9.28 billion from USD...