The Thai stock market has moved lower in back-to-back sessions, surrendering almost 10 points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,440-point plateau and its expected to open under pressure again on Monday. The global forecast for the Asian markets is soft on concerns over the...
The U.S. dollar climbed to a new 52-week high on Thursday with the latest set of economic data reducing the prospects of aggressive rate cuts by the Federal Reserve. Hawkish comments from Fed Chair Jerome Powell contributed as well to the dollars rise. In economic news today, data from the Labor Department said initial jobless...
JAKARTA. PT Buana Lintas Lautan Tbk (BULL) still has yet to conclude the plan of selling its treasury shares, which were obtained from the buyback in 2020. Wong Kevin, Director of BULL, mentioned that this is due to the stock price that is still below the average buyback price back in late 2020. Therefore, he...
JAKARTA. PT Wintermar Offshore Tbk (WINS) is once again giving corporate guarantee for one of its subsidiaries, PT Winpan Offshore. Said guarantee is a prerequisite that must be met by Winpan Offshore in order to obtain the facility from PT Bank Central Asia Tbk (BBCA). The facility in question is equal to USD 6.48 million....
JAKARTA. PT Waskita Toll Road (WTR), a subsidiary of PT Waskita Karya (Persero) Tbk (WSKT), has increased its portion in PT Kresna Kusuma Dyandra Marga (KKDM). This portion increase is carried out by WTR through debt equity swap with KKDM. The total value of KKDM’s debt, which is going to be converted into equity for...
JAKARTA. PT MNC Energy Investments Tbk (IATA) will increase capital through pre-emptive rights, also known as rights issue, through the issuance of 20.19 billion new shares. Each new share has a face value of IDR 50, with unspecified offering price. The management of IATA will first ask for approval from the shareholders regarding said corporate...
JAKARTA -PT Lippo Cikarang Tbk (LPCK) is eyeing extra capital through rights issue of a maximum of 3 billion shares worth IDR 500 per share. This plan will be further discussed and decided during Extraordinary General Meeting of Shareholders on November 19. In the short prospectus quoted today (12/11), this corporate action is said to...
The Japanese yen weakened against other major currencies in the Asian session on Friday, as weak GDP data dampened expectations for more rate hikes by the Bank of Japan. Data from the Cabinet Office showed that the Japans gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of...
In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the third quarter on weak services output, data from the Office for National Statistics revealed Friday. Gross domestic product grew 0.1 percent sequentially, following growth of 0.5 percent in the second quarter and was also weaker than the forecast of 0.2...
Asian stocks turned in a mixed performance on Friday as Federal Reserve Chair Jerome Powells remarks poured cold water on rate cut optimism and mixed economic data highlighted Chinas uneven economic recovery. Gold hovered near $2,560 per ounce in Asian trade as the dollar consolidated weekly gains ahead of the release of U.S. retail sales...