JAKARTA – Manoj Dhamoo Punjabis ownership in PT MD Entertainment Tbk (FILM) decreased by 4.9% following a share sale transaction last week (3/12). As of this morning, FILM’s stock price has risen by 4.91% to IDR 3,630 from IDR 3,460 per share, the price recorded during the transaction last week. According to data compiled by...
JAKARTA – Coordinating Minister for Economic Affairs, Airlangga Hartarto, revealed several strategies that the Indonesian government is preparing to accelerate economic growth to 8% over the next five years. Airlangga recently referred to a report by the Organization for Economic Cooperation and Development (OECD) on Indonesias economic outlook, which projects that economic growth will reach...
JAKARTA. The Djarum Group will acquire 85% of the shares of PT Griya MieSejati, the parent company of the oldest noodle restaurant chain in Indonesia known as Bakmi GM. The transaction value for the acquisition of Bakmi GM is estimated to be between IDR 2 trillion to IDR 2.4 trillion, according to a number of...
JAKARTA - The share performance of PT Dua Putra Utama Makmur Tbk (DPUM) rose 33% from the opening bell until the close of share transactions on Tuesday afternoon (10/12). This achievement placed this issuers shares as top gainers in the inaugural session. Data compiled by IDN Financials shows that the DPUM share price closed at...
JAKARTA. The prospects for the coffee industry in Indonesia are considered quite promising, encouraging Fore Coffee to open 216 outlets spread across 43 cities in Indonesia. Vico Lomar, CEO of Fore Coffee, said that his party had taken part in increasing coffee consumption in Indonesia. A number of innovations and strategies are used, ranging from...
JAKARTA - On Friday, December 6, foreign buy volume was 2.76 billion shares, while foreign sell volume was 2.81 billion shares. This small discrepancy resulted in net foreign volume closing at -45.38 million shares. In the first top buy position, 151.94 million shares of the energy resources infrastructure companyPT Astrindo Nusantara Infrastruktur Tbk (BIPI)were purchased...
JAKARTA. Indonesia Stock Exchange (IDX) had modified the regulation regarding stocks tradable during pre-opening and pre-closing periods. With this change, stocks available for trading during pre-opening and pre-closing will not be limited to constituents of LQ45, but also stocks listed in the Main Board, New Economy Board, and Development Board. IDX authorities decide upon this...
JAKARTA -PT Saraswati Anugerah Makmur Tbk (SAMF)is confirming the stock split with 1:2 ratio to take place on February 5, 2025. This corporate action will be further decided alongside its shareholders on January 16, 2025. In the information disclosure quoted Monday (9/12), Theresia Yusufiani Rahayu, Director of SAMF, mentioned that the number of shares post-stock-split...
JAKARTA -PT Petrosea Tbk (PTRO) will allocate IDR 600 billion of the proceeds of Bond and Sukuk Ijarah offering worth IDR 1.5 trillion for material purchase. The bond and sukuk is offered starting from today (9/12) until tomorrow (10/12). As mentioned in the prospectus, the allocation of the proceeds is split into 40% for material...
JAKARTA -PT Integra Indocabinet Tbk (WOOD)partners withPT Ciputra Development Tbk (CTRA) to work on green housing project on its landbank located in Lingkar Timur Wedoro Klurak, Sidoarjo, East Java. The landbank utilisation is projected to bring a new revenue stream for WOOD aside from its existing business line in processed wood manufacture. Wang Sutrisno, Director...