JAKARTA. PT Adaro Andalan Indonesia (AADI), a coal mining company underPT Adaro Energy Indonesia Tbk (ADRO), will initiate its public offering (IPO) in Indonesia Stock Exchange (IDX). The number of shares offered by AADI is 778.68 million, equal to 10% of total issued and paid-up capital of AADI post-IPO. Each share has a value of...
JAKARTA – At Tuesday’s (19/11) morning session, Jakarta Stock Price Composite Index (JCI) demonstrated an optimistic trend. The index opened at 7,147.26 points at 9 AM WIB and climbed to 7,206.84 by 10:50 AM WIB. As of just before 11:00 AM, the index was moving consistently upwards, maintaining strides since the market opened. This morning’s...
JAKARTA - PT Prima Andalan Prima Tbk (MCOL)s interim dividend in the 2024 financial year was down by 56% from 2023. This years interim dividend is also lower than in 2022, amounting to IDR 350 or IDR 1.24 trillion. Based on the data compiled by IDN Financials, Tuesday (19/11), MCOLs interim dividend was recorded at...
JAKARTA. PT Bakrie Telecom Tbk (BTEL), a telecommunications issuer belonging to the Bakrie Group, posted a loss of IDR 54.49 billion in the first nine months (9M) of 2024. This loss was 26% lower year-on-year (yoy) or compared to the same period last year, where BTELs loss reached IDR 73.66 billion. According to the financial...
JAKARTA - PT Sarana Multi Infrastruktur (Persero) will offer Shelf-Registration Bond IV Phase II Year 2024 worth IDR 2.7 trillion in early December 2024. The proceeds of this bond issuance will be utilised for infrastructure financing. In the prospectus quoted Tuesday (19/11), it is said that the bond will be split into four series with...
European stock markets are likely to open negative on Thursday tracking losses in Asian peers and weak sentiment on Wall Street. Geopolitical concerns are expected to weigh heavily on market sentiment. Wall Street had closed on a mixed note on Wednesday amidst anticipation ahead of NVIDIAs earnings report as well as geopolitical concerns. The Nasdaq...
Shares of Nvidia Corp. dropped around 3 percent in the extended trading on Wednesday after the AI chipmaker warned on weak gross margin in its fourth quarter, while revenues are projected to be significantly higher than last year on booming AI demand. In its third quarter, the worlds most valuable company by market capitalization reported...
Indian stocks tumbled on Thursday, weighed down by rising concerns about escalating geopolitical tensions, and a sell-off in Adani Group companies shares following news about the indictment of Gautam Adani and a few other executives of the group on bribery charges in the U.S. The market recovered some lost ground after a sharp early plunge,...
A positive outlook on the corporate sector overshadowed concerns about geopolitics and inflation that helped the FTSE 100 record modest gains in Thursdays trading. FTSE 100 oscillated between 8,120.20 and 8,065.22 as compared with the previous days closing level of 8,085.07. The benchmark index of the London Stock Exchange is currently trading at 8,119.10, having...
The U.S. economy is now more vulnerable to inflation shocks than it was in the past, Federal Reserve Bank of Richmond President Tom Barkin said in an interview to the Financial Times published on Wednesday, as businesses grow increasingly concerned about the impact of the Donald Trump administrations policies regarding tariffs and migrants. Were somewhat...