JAKARTA – The performance ofPT Samudra Indonesia Tbk (SMDR), an operator of logistics and shipping services, reportedly slowed down in the first half of 2024 due to decline in freight income. As a result, its net profit also dropped 56.50% year-on-year (yoy) from H1 2023. Based on Financial Report of H1 2024 quoted today (5/8),...
JAKARTA – Jakarta Composite Index (JCI) was seen lounging around in the red zone since the opening bell this morning (5/8) until 11 AM WIB. The index was opened at 7,230.39, down from 7,308.12 seen last Friday (2/8). Seen at 11.17 AM WIB, JCI still remained at the red zone, at 7,178.03, lower than its...
Saraswanti Anugerah Makmur Tbk (SAMF), an NPK fertiliser manufacturer and distributor, booked net profit of IDR 216 billion in the first half of 2024, down 13% year-on-year (yoy) from the same period last year. Said decrease is in line with SAMF’s net sales, which only reached IDR 2.41 trillion in H1 2024. They were 12%...
JAKARTA – Indonesia Stock Exchange (IDX) reported market capitalisation growth of 2.02% month-to-month (mtm) to IDR 12.33 quadrillion at the end of July 2024 from IDR 12.09 quadrillion seen on June 30, 2024. PT Bank Central Asia Tbk (BBCA)andPT Barito Renewables Energy Tbk (BREN) frequently swapped the top market cap position in the stock market....
JAKARTA – Statistics Indonesia (lit. Badan Pusat Statistik/BPS) reported inflation arriving at 2.13% in July 2024, sliding down from July 2023’s position at 3.08%. Inflation in July 2024 is also lower than inflation seen earlier this year. Based on BPS data quoted today (2/8), inflation in July 2024 was reported lower than June 2024’s position...
Wulandari Bangun Laksana Tbk (BSBK), a property and real estate developer, is scheduling interim dividend distribution of IDR 25.09 billion or IDR 1 per share. Alexandro Martin Tiga, Corporate Secretary of BSBK, mentioned that said plan is in accordance with the decision made by the board of directors. “It had been approved by the board...
German stocks fell sharply on Thursday as automotive companies posted disappointing earnings results and a survey showed the downturn in Germany\'s manufacturing sector accelerated in July. The HCOB final Purchasing Managers\' Index (PMI) dropped to 43.2 from 43.5 in June, above a preliminary flash estimate of 42.6. The benchmark DAX was down 218 points, or...
French stocks declined on Thursday, with banks and automakers retreating on disappointing earnings. Investors were also reacting to the latest HCOB PMI survey data indicating a deterioration in France\'s manufacturing sector at the start of the third quarter. The benchmark CAC 40 was down 97 points, or 1.3 percent, at 7,434 after rising 0.8 percent...
U.K. stocks edged lower in cautious trade on Thursday ahead of the Bank of England\'s rate decision later in the day. The central bank is likely to lower its interest rate from a 16-year high, but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by...
European stocks traded lower on Thursday, with a slew of disappointing earnings as well as downbeat PMI and unemployment data weighing on markets. The eurozone manufacturing sector remained in contraction territory in July, according to a survey released earlier today. HCOB\'s final manufacturing PMI came in unchanged from June at 45.8, a tad higher than...