Pyridam Farma Tbk (PYFA), a pharmaceutical company, booked net loss of IDR 214.2 billion in the first nine months (9M) 2024. This loss was much worse compared to 9M 2023, in which PYFA’s loss only reached IDR 53.21 billion. Actually, in the top-line, PYFA reported net sales skyrocketing 123% year-on-year (yoy) in 9M 2024 to...
Pelayaran Bina Buana Raya Tbk (BBRM) will expand the size of its fleet by acquiring one unit of Anchor Handling Tug Supply (AHTS) for USD 12.1 million. The vessel will be purchased by BBRM from Great Union China Limited. The purchase value is said to be equal to 40.65% of total equity of BBRM as...
JAKARTA – The performance ofPT Indah Kiat Pulp & Paper Tbk (INKP)declined until Q3 2024 compared to the same period last year. This slow-down resulted from weakened export, particularly to Asian market. Based on Financial Report Q3 2024, INKP reported a revenue and net profit decline of 10% and 29.53% year-on-year (yoy) at the end...
JAKARTA -PT Tunas Baru Lampung Tbk (TBLA) is allocating interim dividend of IDR 35 per share or IDR 210.88 billion for the fiscal year (FY) 2024. The net profit of TBLA indeed managed to increase by 14.97% year-on-year (yoy) at the end of Q3 2024. In the information disclosure quoted Monday (4/11), Hardy, Corporate Secretary...
Newport Marine Services Tbk (BOAT), a vessel charter service for offshore oil and gas industry, has set the initial public offering (IPO) price to IDR 100 per share. The price was rights at the lower limit of the book building price range set initially by BOAT, from IDR 100 to IDR 120 per share. With...
JAKARTA - PT Mark Dynamics Tbk (MARK) will channel interim dividend of IDR 20 per share, totalling IDR 76 billion, for the fiscal year 2024. In Q3 2024, the profit soared 124.51% year-on-year (yoy). In the information disclosure quoted Tuesday (5/11), Ridwan, President Director of MARK, confirmed that the interim dividend will be paid on...
Modernland Realty Tbk (MDLN), a real estate developer and management company, has signed a loan facility agreement worth USD 60 million amidst the current negative financial performance it is facing. The loan facility is secured by several subsidiaries of MDLN, including PT Mitra Sindo Sukses (MSS), PT Mitra Sindo Makmur (MSM), and PT Bumi Perkasa...
JAKARTA - Modalku Group has obtained a credit facility worth US$ 100 million or equivalent to IDR 1.55 trillion from the HSBC ASEAN Growth Fund. The third credit facility obtained by Modalku from the bank financial institution was signed, Tuesday (5/11). In a press release, Kelvin Teo, Co-founder and Group CEO of Funding Societies Modalku...
U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs, even as the Nasdaq settled flat with technology stocks turning in a subdued performance. Investors remained optimistic that Donald Trumps policies such as tax reductions and deregulation will help boost corporate earnings. The volume of...
Japan will on Tuesday see October numbers for its M2 money stock, highlighting a light day for Asia-Pacific economic activity. M2 is expected to rise 1.5 percent on year, up from 1.3 percent in September. Australia will see October results for the surveys of business confidence and conditions from National Australia Bank, as well as...