JAKARTA – Both PT XL Axiata Tbk (EXCL)andPT Smartfren Telecom Tbk (FREN)were seen corrected at the end of morning session today (11/12) following the merger plan. This morning, both major shareholders of EXCL and FREN officially announced merger plan to the public after signing an agreement yesterday (10/12). Monitoring the board this afternoon, FREN saw...
JAKARTA – Inflation is projected to grow in January 2025 before declining in April 2025, according to the Retail Sales Survey of Bank Indonesia in November 2024. Based on said survey, quoted today (11/12), Price Expectation Index (PEI) in January 2025 was recorded at 157.8, much higher than 152.6 seen in December 2024. The uptrend...
JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) recorded capital adequacy ratio (CAR) of over 40%. “As we receive capital injection from IBK Korea of IDR 1 trillion, we have relatively prominent CAR,” said Lee Dae Sung, Director of AGRS, during Public Expose of AGRS yesterday (10/12). As is known, the bank, formerly known as...
JAKARTA - PT Jasa Armada Indonesia Tbk (IPCM) climbed IDR 2 higher this afternoon (11/12) following the announcement of interim dividend distribution. Within the past two years, IPCM allocated IDR 20.05 billion or IDR 3.8 per share as interim dividend. Monitoring the board today (11/12), IPCM continued to fluctuate between IDR 270 and IDR 274...
JAKARTA -PT Goto Gojek Tokopedia Tbk (GOTO) records its hat-trick after securing first place at net foreign for three consecutive weeks until the end of today’s (11/12) session. Since the beginning of this week (9/12), this e-commerce company managed to maintain its top spot in net foreign list in Indonesia Stock Exchange (IDX). Based on...
The China stock market has finished higher in two straight sessions, collecting nearly 30 points or 0.9 percent along the way. The Shanghai Composite now sits just above the 3,430-point plateau and it may see additional support again on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the outlook...
The Hong Kong stock market has moved lower in consecutive trading days, surrendering more than 250 points or 1.2 percent along the way. The Hang Seng Index now sits just above the 20,150-point plateau although it may find traction on Thursday. The global forecast for the Asian markets is upbeat on improved optimism about the...
The Indonesia stock market has moved higher in four straight sessions, gathering almost 150 points or 2.2 percent along the way. The Jakarta Composite Index now sits just above the 7,460-point plateau and its expected to open in the green again on Thursday. The global forecast for the Asian markets is upbeat on improved optimism...
Indian shares are seen opening on a flat note Tuesday as investors react to mixed cues from global markets and the appointment of Revenue secretary Sanjay Malhotra as the new RBI governor. Overall gains, if any, are likely to remain limited ahead of domestic and U.S. inflation readings due this week. As the conflict in...
Indian shares were marginally higher on Tuesday, tracking mixed cues from global markets. The benchmark S&P/BSE Sensex was up 75 points, or 0.1 percent, at 81,579 in early trade while the broader NSE Nifty index was up 24 points, or 0.1 percent, at 24,643. Tata Motors climbed 1.1 percent on the price hike buzz. Bajaj...