JAKARTA – Revenue of PT Buyung Poetra Sembada Tbk (HOKI), a rice manufacturer known with its brand, Topi Koki, reportedly increased slightly by 6% year-on-year (yoy) to IDR 744 billion at the end of the first half (H1) of 2024. This shy climb resulted in massive improvement its profitability. According to Financial Report of H1...
Esta Indonesia Tbk (NEST), a swallow’s nest manufacturer and wholesale company, has set the initial public offering (IPO) price to IDR 200 per share. Said price arrives at the upper level of price range set by NEST during book building. With the offering price set to IDR 200 each, NEST will potentially raise fresh funds...
China\'s manufacturing sector fell into the contraction zone in July on renewed decline in new work and weak output growth, survey data from S&P Global showed on Thursday. The Caixin manufacturing Purchasing Managers\' Index fell to 49.8 in July from 51.8 in June. The reading was expected to drop moderately to 51.5. The score suggested...
European stocks are seen opening broadly higher on Thursday after the U.S. Federal Reserve hinted at a September rate cut and Facebook parent Meta gave Platforms reported good results for the June quarter and gave an upbeat outlook for Q3, driven by robust digital ad spending on Facebook and Instagram. Apple and Amazon.com will report...
The Bank of England is likely to lower its interest rate from a 16-year high on Thursday but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by 25 basis points to 5.00 percent. This will be the first reduction since the onset of the pandemic....
The British pound weakened against other major currencies in the pre-European session on Thursday. The pound fell to nearly a 1-1/2-month low of 1.1231 against the Swiss franc, more than a 3-week low of 1.2803 against the U.S. dollar and nearly a 3-1/2-month low of 190.97 against the yen, from early highs of 1.1288, 1.2861...
While reporting financial results for the second quarter on Thursday, electric utility IDACORP, Inc. (IDA) raised its earnings guidance for the full year 2024. For fiscal 2024, the company now projects earnings in a range of $5.30 to $5.45 per share, up from the prior forecast range of $5.25 to $5.45 per share. On average,...
While reporting financial results for the second quarter on Thursday, Belden Inc. (BDC) provided its earnings, adjusted earnings and revenue guidance for the third quarter. For the third quarter, the company expects earnings in a range of $1.00 to $1.10 per share and adjusted earnings in a range of $1.55 to $1.65 per share on...
REIT Kimco Realty Corp. (KIM) reported Thursday that net income available to the company\'s common shareholders for the second quarter grew to $111.86 million or $0.17 per share from $100.4 million or $0.16 per share in the year-ago quarter. Funds from Operations or FFO, for the quarter were $276.0 million or $0.41 per share, up...
The Bank of England lowered its benchmark rate for the first time since the onset of the coronavirus pandemic as inflation receded and the underlying growth momentum remained weaker. In a very close call, the Monetary Policy Committee, led by Governor Andrew Bailey, decided to cut the bank rate by a quarter-point to 5.00 percent...