JAKARTA. The Indonesia Stock Exchange (IDX) is targeting 407 securities listings throughout 2025, including 66 Initial Public Offerings (IPOs). Iman Rachman, President Director of the IDX, admitted that he is quite optimistic about the target, even though the global economy is still overshadowed by the risk of high interest rates. “When we talk about IPOs,...
JAKARTA - PT Pollux Hotels Group Tbk (POLI) sold its shares in two of its subsidiaries to PT Sentosa Prima Siji (SPS) in a transaction earlier this week (30/12). Maria Indah Pratiwi, Director of POLI, said that POLIs subsidiaries that sold their shares were PT Aman Berkat Cemerlang (ABC) and PT Batam Bintang Bahana (BBB)....
JAKARTA – On the first trading day of 2025, foreign transactions ended with a net sell of 337.04 million shares. Foreign investors purchased 3.36 billion shares on Thursday, January 2, but sold over 3.70 billion shares. PT Metro Healthcare Indonesia Tbk (CARE), a hospital and integrated health services provider, topped the list of the top...
JAKARTA – Analyst at PT Binaartha Sekuritas, Nafan Ali, mentioned that the prospect of retail sector in Indonesia is quite promising, supported by solid economic foundation and increased domestic consumption. Said prospect, said Ali, could be the positive catalyst needed for issuers in the retail sector, such as PT Daya Intiguna Yasa Tbk (MDIY), or...
JAKARTA – Jakarta Stock Price Composite Index (JCI) saw 0.75% or 52.71-points increase to 7,036.57 last week, led by some of blue-chip state-owned stocks. For example, PT Telkom Indonesia (Persero) Tbk (TLKM)is leading the Top Leaders board with 7.48% jump in price, thus boosting the index by 22.42 points. TLKM was followed by PT Bank...
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...