JAKARTA - The Composite Stock Price Index (JCI) showed a 4.65% decline in trading last week, to 7,324.79. The decline was driven by low liquidity on the stock exchange during December 16-20, 2024. The average volume of shares traded in this period fell 17.71% during the week, to 23.32 billion shares. Meanwhile, the average transaction...
Jakarta - PT Estika Tata Tiara Tbk (BEEF) managed to record significant growth through a strategy of increasing distribution, product innovation, and strengthening business infrastructure. In an effort to expand market reach, BEEF added distribution facilities in several strategic locations, such as East Bekasi, BSD, and Cengkareng. This step is expected to support the distribution...
JAKARTA - PT Techno9 Indonesia Tbk (NINE), a technology company that was listed on the Indonesia Stock Exchange (IDX) on December 5, 2022, will be acquired by Poh Group Pte Ltd. The number of NINE shares to be acquired by Poh Group is 70%. All of these shares will be taken over from Heddy Kandou...
JAKARTA - Pharmaceutical company PT Brigit Biofarmaka Teknologi Tbk (OBAT) will hold an IPO whose value exceeds its total assets. In the prospectus submitted, OBAT will release as many as 170 million shares. This amount is equivalent to 28.33% of the companys issued and fully paid capital after the IPO. Each share has a nominal...
JAKARTA - PT Campina Ice Cream Industry Tbk (CAMP) explained a number of its strategies in dealing with new players in the ice cream market, amid slowing net profit performance. According to .com data, CAMP only recorded a net profit of IDR 59 billion in the first nine months (9M) of 2024. This is much...
JAKARTA - PT Trimegah Sekuritas Indonesia Tbk (TRIM) will issue Shelf Registration Bonds I Phase III Year 2025 with a principal amount of IDR 303.2 billion. The bonds are part of the TRIM Shelf Registration Public Offering (PUB) I Bonds programme, with a target fund to be raised of IDR 1.1 trillion. Previously, the company...
JAKARTA - Shikoku Electric Power from Japan will buy 25% of PT Hero Global Investment Tbks (HGII) shares from the controlling shareholder after the Initial Public Offering (IPO). HGII is known to be conducting an Initial Public Offering (IPO) on 3-7 January 2025. The purchase of 25% of shares by Shikoku Electric will be carried...
Jakarta - PT Golden Energy Mines Tbk (GEMS) announced that it has increased the authorised capital and paid-up capital of its subsidiary, PT Trisula Kencana Sakti (TKS) on December 20, 2024. TKS, which operates a mine owned by GEMS, now has an authorised capital of 900,000 shares with a nominal value of Rp450 billion, an...
Jakarta - Bank Negara Indonesia (BBNI) achieved a net profit of IDR 19.81 trillion as of November 2024, an increase of 4.04% compared to the same period last year. The net profit was supported by lending which grew 10.96% to IDR 739.53 trillion. Meanwhile, BNIs total assets grew 9.83% to IDR 1,072.63 trillion. Interest income...
JAKARTA – On Friday, December 20, PT Sunterra Indonesia raised its stake in PT Cerestar Indonesia Tbk (TRGU), a company that produces wheat flour. This investor increased its shares from 21.58% to 26.3% after buying 375 million shares through PT Victoria Sekuritas Indonesia. Subsequently, PT Kobin Keramik Industri acquired 314 million shares through PT Lotus...