JAKARTA -PT Mandiri Herindo Adiperkasa Tbk (MAHA) is allocating IDR 200 billion in order to repurchase shares (buyback) of a maximum 20% of its paid-up capital. This corporate action will be held for one year, starting from October 23, 2024, to October 22, 2025. Irvan Darwin, Corporate Secretary of MAHA, mentioned that the plan will...
JAKARTA. The Indonesian government will hold another round of auction of Government Securities (lit. Surat Utang Negara/SUN) next Tuesday (17/9) with an indicative target set to IDR 22 trillion. There were 7 series of SUN offered in the auction, consisting of 2 series of Government Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and 5 series of...
JAKARTA – The net profit ofPT Garuda Maintenance Facility Aero Asia Tbk (GMFI) soared 556.19% year-on-year (yoy) in the first half (H1) of 2024 compared to the same period in 2023. The surge aligns with 30.12% yoy growth in revenue in H1 2024. Based on Financial Report of H1 2024 quoted Friday (13/9), its revenue...
JAKARTA - The controlling shareholder,PT Goldman Investindo Sedaya,sold 400 million shares of PT Indo Boga Sukses Tbk (IBOS), an issuer in the food and beverage industry, on Friday, September 6. The sale transaction reduced this investors shareholding to 50.83% from approximately 55.79% previously. Also, PT Trust Sekuritas was designated to handle the transaction. Furthermore, foreign...
JAKARTA - On Monday, September 9, foreign share purchase transactions increased and resulted in a foreign purchase volume of 2.46 billion shares. Meanwhile, foreign sales volume stood at 2.39 billion shares. As a result, the net foreign sales volume ended at 70.28 million shares. The biggest contributor to the increase in foreign buying volume was...
JAKARTA - In contrast to the previous day, shares of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO) became the most sold on Tuesday, September 10, with foreign investors selling up to 2.74 billion shares for a net volume of -918.65 million shares. This share-selling activity resulted in an increase in foreign sales volume,...
JAKARTA – PT Lautan Luas Tbk (LTLS), a chemical distributor, implements sustainability strategies through two of its subsidiaries, PT Lautan Natur Krimerindo (LNK), and another subsidiary engaged in the supporting services sector. LNK, the manufacturer of FIberCreme, has reportedly installed 1,416 solar panels with total capacity of 635 kilowatt (kW) in its factory in Mojokerto,...
JAKARTA -PT Eastparc Hotel Tbk (EAST) will distribute interim dividend of IDR 5.15 billion for the fiscal year (FY) 2024, down 30.55% from interim dividend for FY 2023 of IDR 7.42 billion. As of June 2024, its net profit was at IDR 15.42 billion, retained earnings IDR 11.71 billion, and total equity of IDR 461.28...
JAKARTA. Muhammadiyah Central Board, one of the major religion organisations in Indonesia, has formed two companies to manage mining concessions granted by the Indonesian government. Muhadjir Effendy, Head of Muhammadiyah Central Board, said that one of the two companies will serve as a holding company with one other as the operating company. “We have now...
Suryamas Dutamakmur Tbk (SMDM), a real estate management and developer, booked net profit of IDR 109.76 billion in the first half (H1) of 2024. The number is 3.4 times higher compared to the net profit of SMDM in H1 2023, in which the company only managed to collect net profit of IDR 25.15 billion. According...