The Hong Kong stock market has moved lower in three straight sessions, dropping more than 550 points or 3 percent along the way. The Hang Seng Index now sits just above the 19,150-point plateau although it may find traction on Tuesday. The global forecast for the Asian markets is upbeat on optimism over the global...
The Thai stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had gathered more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,445-point plateau and its expected to bounce higher again on Tuesday. The...
Asian markets broadly rallied and remained insulated from the turbulence in Chinas stock markets. Market sentiment in Japan improved considerably after headline inflation rate slowed to a nine-month low. Weak corporate earnings, worries about economic growth as well as concerns about the efficacy and sufficiency of stimulus measures contributed to the sell-off in China and...
The British pound weakened against other major currencies in the European session on Friday, as weak U.K. retail sales for October and PMI data for November triggered expectations among traders for interest-rate cuts by the Bank of England (BoE) in the December meeting. Data from S&P Global/CIPS showed that the Composite output index fell to...
JAKARTA - PT Transcoal Pacific Tbk (TCPI) will add 12 fleets by 2025 to boost revenue performance. The types of ships purchased include two pusher barge units, four tug boat units and six barge units. Bintang Septo Drestanto, Director of TCPI, said that the source of funds for the purchase of the new fleet was...
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...