JAKARTA -PT Chemstar Indonesia Tbk (CHEM) is targeting revenue to reach IDR 207 billion in 2025, an increase from projected revenue of IDR 161 billion at the end of 2024. This number is deemed obtainable following growth in energy and agrobusiness segments. Kwee Sutrimo, President Director of CHEM, said that the company will aggressively expand...
JAKARTA - Robby Adijaya, an investor, acquired shares in PT Ginting Jaya Energi Tbk (WOWS) on Thursday, November 14. With a 5.11% stake, this individual investor purchased 126.56 million shares through PT Trimegah Sekuritas Indonesia Tbk and four additional securities firms. WOWS is an oil and gas contractor with a focus on procurement and rig...
JAKARTA – Although the revenue slipped 19.97% year-on-year (yoy), PT Adhi Karya (Persero) Tbk (ADHI) reported profit soaring 194.51% yoy in Q3 2024 to IDR 69.32 billion from IDR 23.53 billion in the same period last year. This profit surge was supported by efficiency in operating expenses and income tax expenses. Based on Q3 2024...
Merdeka Battery Materials Tbk (MBMA) has signed a financing facility with PT Merdeka Tsingshan Indonesia (MTI) worth up to USD 200 million. “Said fund will be used by MTI for corporate general needs,” said the management of MBMA in the official disclosure in Indonesia Stock Exchange (IDX). According to IDNFinancials data, MBMA reported cash and...
JAKARTA -PT Kawasan Industri Jababeka Tbk (KIJA) is optimistic about attaining marketing sales of IDR 3 trillion this year, up from IDR 2.5 trillion set previously. Budianto Liman, Vice President Director of KIJA, mentioned that its marketing sales target for the fiscal year (FY) 2024 is revised following the new government’s policy to support property...
The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by...
Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0. While the downward revision surprised economists,...
European stocks closed on a firm note on Friday as some weak economic data raised expectations that the central banks will reduce interest rates further to boost growth. In addition to digesting regional economic data, investors continued to follow the developments on the geopolitical front. Bank stocks ended notably lower, while real estate and retail...
Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth. The benchmark SMI ended higher by 124.91 points...
The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nations retails data and the recent announcement of a mini stimulus package contributed to the upside. The benchmark S&P/TSX Composite Index, which advanced to a new all-time high of 25,478.37, settled at 25,444.28 with a...