JAKARTA. Pemeringkat Efek Indonesia (Pefindo) has assigned an “idA” rating to General Obligations (GO) of PT Cimanggis Cibitung Tollways (CCT) and PT Buana Finance Tbk (BBLD). In its official statement, Pefindo said that the rating given to GO CCT reflects the strong economy in CCTs service area and strong operating cash flow visibility. However, Pefindo...
JAKARTA. PT Jaya Konstruksi Manggala Pratama Tbk (JKON) has provided a capital injection of IDR 7.51 billion for PT Wika Tirta Jaya Jatiluhur (WTJJ). CF Jopi Sulistio, Corporate Secretary of JKON, said that the capital injection was given by the company on September 2, 2024. The transaction has no material impact on operational activities, said...
JAKARTA - PT Green Power Battery (GPB), a subsidiary of PT Green Power Group Tbk (LABA), has secured a contract to procure electric vehicle battery packs worth a total of IDR 139 billion from PT Gotion Indonesia Materials (GIM). In an information disclosure quoted Monday (23/9), William Ong, President Director of LABA, said that GPB...
JAKARTA. The Indonesian government is considering adding 10% of the share ownership in PT Freeport Indonesia (PTFI). This was conveyed by President Joko Widodo (Jokowi), after inaugurating the PTFI smelter located in Gresik, East Java. According to Jokowi, this negotiation process requires a fairly long process. Previously when we took 51% [of PTFI shares], the...
JAKARTA - Foreign investors raised their stock selling activities on Tuesday, September 17, as shown by a foreign selling volume of approximately 5.45 billion shares. The sale of shares in the digital company PT GoTo Gojek Tokopedia Tbk (GOTO) was one of the largest contributors to this increase, with foreign investors selling 3.55 billion GOTOshares...
JAKARTA. PT Solusi Sinergi Digital Tbk (WIFI) announced its latest collaboration with PT Indonesia Connectivity Investasi (Iconvest), a subsidiary of PT Perusahaan Listrik Negara (PLN) owned through PT Indonesia Comnets Plus (PLN Icon Plus). The collaboration aims to develop affordable internet services for the community. In this collaboration, WIFI and Inonvest mutually open opportunities for...
JAKARTA - On Thursday, September 18, foreign investors participated in selling significant amounts of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO) shares, totaling 3.01 billion shares, for a net volume of -456.93 million shares. This figure accounted for approximately 57.80% of the entire foreign sales volume, which was 5.21 billion shares. Meanwhile, foreign...
JAKARTA. PT Master Print Tbk (PTMR), a company engaged in the trading and distribution of industrial packaging equipment, will release 435 million shares in an Initial Public Offering (IPO). The number of shares offered is equivalent to 22.81% of PTMRs issued and fully paid-up capital after the IPO. Each share has a nominal value of...
JAKARTA - PT Majukarya Mandiri Indonesia released97 million shares of PTBuana Lintas Lautan Tbk(BULL), the oil and gas tanker company,on Tuesday, September 17. Afterselling its shares through PT Henan Putihrai Sekuritas and three other securities, this investor immediately decreased its ownership from 5.95% to 5.26%. Remaining in the oil and gas industry, PT Shima Global...
JAKARTA - Foreign share selling activity on Thursday, September 19 resulted in a foreign selling volume of 5.99 billion shares. The largest contributor to this high number was the selling of 3.55 billion shares of digital company PT GoTo Gojek Tokopedia Tbk (GOTO), for a net volume of -1 billion shares. On the other hand,...