JAKARTA – Stock performance of two issuers, PT Pulau Subur Tbk (PTPS)andPT Kokoh Exa Nusantara Tbk (KOCI), stumbled after one-year debuting in the stock exchange, on October 6 and 9, 2023. Based on IDNFinancials data compiled today (9/10), KOCI saw 56.66% decline to IDR 52 at the closing bell last Monday (7/10) from its offering...
JAKARTA. PT Indonesia Infrastructure Finance (IIF), an infrastructure financing company, is targeting IDR 1 trillion of fresh fund from the issuance of Shelf-Registration Bond II Phase II Year 2024. The bond is a part of a more extensive public offering of Shelf-Registration Bond II of IF with target proceeds of IDR 3 trillion. Prior to...
JAKARTA – The stock price of PT Petrindo Jaya Kreasi Tbk (CUAN) has skyrocketed 2,050% to IDR 7,050 this afternoon (9/10) compared to its initial public offering (IPO) on March 8, 2023. This massive hike boosts its market capitalisation to IDR 79.25 trillion from IDR 2.47 trillion. Based on IDNFinancials data, the revenue soared 347.82%...
JAKARTA. The amount of incoming bids recorded in the auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk last Tuesday (8/10), reportedly hit IDR 14.81 trillion. as revealed by the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 7 series of sukuk offered in...
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous weeks revised level of 260,000. Economists had expected jobless claims to inch...
Nestle SA on Thursday trimmed its fiscal 2024 outlook for earnings as well as organic sales growth after reporting weak sales in the first nine months of the year. However, organic growth was 2 percent in the period, with positive real internal growth. The Swiss food and beverage major also announced changes to its organization,...
A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by...
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous weeks revised level of 260,000. Economists had expected jobless claims to inch...
A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3...
The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session. The Governing Council, led by...