JAKARTA - PT Samcro Hyosung Adilestari Tbk (ACRO), a hook and loop (velcro) trading company that debuted on the stock exchange earlier this year, will distribute an interim dividend of IDR 7.59 billion. Chung Tae Sung, President Director of ACRO, said that the plan was a decision of the board of directors, which was approved...
JAKARTA - Foreign investor CGS International Securities Singapore Pte Ltd boosted its stake in PT Astrindo Nusantara Infrastruktur Tbk (BIPI), an energy infrastructure business, by 147.23 million shares on Thursday, December 19. The investors share amount went up slightly from 16.15% to 16.38%. The same investor also made the decision to cut the number of...
Jakarta - The Indonesia Stock Exchange (IDX) announced that it will delist 8 listed companies in 2025. The exchange will delist the company on July 21, 2025 because of bankruptcy. The eight issuers have time to submit share buyback information disclosure until January 18, 2025. The buyback implementation period as regulated by the stock exchange...
Jakarta - PT Waskita Beton Precast Tbk (WSBP) plans a capital expenditure (capex) of IDR 50 billion in 2025. This value increased by 20 billion (60%) compared to the realization of capex in 2024. According to WSBPs Director of Finance, Risk Management & Legal, Fathul Anwar, the capex funds will be used to repair precast...
JAKARTA - On Monday, December 23, foreign transactions were slightly different, with net foreign volume closing at -33.03 million shares. The figure was generated from the difference between foreign buy volume (2.97 billion shares) and foreign sell volume (3.01 million shares). On the top sell list, the most sold shares belonged to the digital company...
JAKARTA – Bank Indonesias (BI) decision to keep interest rates unchanged is expected to lead to a steady offloading trend in Indonesia’s stock market as the year comes to a close. According to Bella Ghassany, Investment Analyst at Indoasia Asset Management, BI maintained the interest rate at 6% yesterday, primarily to stabilize the value of...
JAKARTA – PT Sinergi Inti Andalan Prima Tbk (INET) is projecting revenue of IDR 42.02 billion for 2025, marking a 20% increase from the expected revenue of IDR 35.02 billion by the end of this year. Muhammad Arief, President Director of INET, expressed optimism about the companys revenue growth next year. This growth is supported...
JAKARTA – Honour Accord Limited (HAL) is set to acquire 80% of PT Aesler Grup International Tbk (RONY) from its two major shareholders, PT Nakula Investama Indonesia (NII) and PT Karimun Jawa Pratama (KJP). Amidst this plan, however, Indonesia Stock Exchange (IDX) authorities have temporarily suspended trading of RONY shares. In a press release issued...
JAKARTA – Modalku Group, a peer-to-peer (P2P) lending platform, has secured an investment of USD 25 million from Cool Japan Fund (CJF), equivalent to IDR 398 billion with an exchange rate of IDR 15,599 per USD 1. Kelvin Teo, Co-founder and Group CEO of Funding Societies | Modalku, expressed optimism that the digital financial services...
JAKARTA – PT Trans Bahtera Pioneer (TBP) will invest IDR 200 billion to purchase six sets of tugboats and barges. This plan is set to be realized within the first year following the joint venture agreement signed between PT Resources Alam Indonesia Tbk (KKGI) and PT Trans Power Marine Tbk (TPMA) on December 18, 2024....