The China stock market has ticked higher in three straight sessions, rising almost 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,405-point plateau, although the rally may stall on Tuesday. The global forecast for the Asian markets is soft, with profit taking expected by the years...
The Hong Kong stock market has tracked lower in two straight sessions, sinking more than 50 points or 0.3 percent along the way. The Hang Seng Index now sits just above the 20,040-point plateau, and its expected to open under pressure again on Tuesday. The global forecast for the Asian markets is soft, with profit...
Indian shares look set to open higher on Thursday after U.S. shares kicked of their seasonal Santa Claus rally on Tuesday. Every year, the phenomenon occurs during the last five trading days of the year and the first two in January. That said, benchmark indexes Sensex and Nifty may see range-bound moves following Mondays rebound...
JAKARTA – PT Communication Cable Systems Indonesia Tbk (CCSI), a company engaged in the fibre optic and electric cable industry, has officially established two new subsidiaries called PT CCSI Niagatama Digital and PT Lucky Joint Indonesia. Irawan Mario N. Palilingan, Director and Corporate Secretary of CCSI, in the official announcement, confirmed that the subsidiaries were...
JAKARTA – Five subsidiaries of PT Sarana Menara Nusantara Tbk. (TOWR) have secured a loan worth IDR 2 trillion from PT Bank Permata Tbk (BNLI). The five subsidiaries in question include PT Profesional Telekomunikasi (Protelindo), PT Iforte Solusi (Iforte), PT Solusi Tunas Pratama (SUPR), BIT Teknologi (BIT), and PT Iforte Payment Infrastructure (IPI). The loan...
JAKARTA -PT Harum Energy Tbk (HRUM) is gaining optimism in the nickel industry after succeeding in swapping debt to equity for two of its subsidiaries, PT Tanito Harum Nickel (THN) and PT Harum Nickel Perkasa (HNP). Both companies issued shares that will be transferred to PT Puring Investasi Indonesia (PII) and PT Aster Investasi Indonesia...
JAKARTA – PT Barito Pacific Tbk (BRPT) manages to score corporate credit facility worth IDR 700 billion from PT Bank Tabungan Negara (Persero) Tbk (BBTN). Director of Finance of Barito Pacific, David Kosasih, in the official disclosure, confirmed that the facility is aimed to support working capital requirements of the company. “We are grateful of...
JAKARTA -PT Bumi Resources Minerals Tbk (BRMS) registered net foreign of 96.24 million shares, leading the Net Foreign leaderboard at the end of Monday’s (30/12) transaction. Last Friday (27/12), the company also reigned the leaderboard with net foreign of 108.77 million shares. Based on data compiled by IDNFinancials, on Monday (30/12), the company booked foreign...
Asian stocks ended mixed on Friday, with Japanese markets leading regional gains on yen weakness while Seoul stocks tumbled amid an ongoing political turmoil in the country. Mainland Chinese and Hong Kong markets ended on a muted note after official data showed Chinas industrial profits dropped in November for a fourth straight month. Chinas Shanghai...
Industrial production in South Korea contracted a seasonally adjusted 0.7 percent on month in November, Statistics Korea said on Monday - missing forecasts for a decline of 0.4 percent following the flat reading in October. On a yearly basis, industrial output was up 0.1 percent - again shy of expectations for a gain of 0.4...