JAKARTA. The Indonesian government will hold another round of auction of Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or State Sukuk on September 10, 2024. There will be 7 series of sukuk offered in said auction, as stated by the Directorate General of Budget Financing and Risk Management of the Ministry of Finance. They...
JAKARTA – Throughout August 2024, Indonesia Stock Exchange (IDX) authorities put 21 issuers under special monitoring, mostly due to their stock prices that do not go over IDR 51 per share in the regular market. Based on IDNFinancials’ compiled data today (5/9), there are 9 issuers under monitoring due to their prices that do not...
Voksel Electric Tbk (VOKS), a cable manufacturer company, has now secured “idBBB+” rating from Pemeringkat Efek Indonesia (Pefindo) for Series B of Bond I Year 2019, which is still circulating in the public now, from the initial “idBBB”. Pefindo believes that the rating upgrade reflects the expectation of support from the controlling shareholder of VOKS,...
JAKARTA -PT Wilton Makmur Indonesia Tbk (SQMI)is targeting production capacity of 300 tons of gold per day in September 2024, as higher cyanide supply will expedite gold ore refinery. This target is revealed by Mohammad Noor Syahriel, Corporate Secretary of SQMI, in the information disclosure quoted Thursday (5/9). “The group will continue to identify and...
JAKARTA - This September, PT Indah Kiat Pulp & Paper Tbk (INKP), a paper and cardboard packaging manufacturer, is expected to pay two bond payments simultaneously. The Sinarmas Group subsidiarysShelf Registration BondIV Indah Kiat Pulp & Paper Stage II 2023 Series A is scheduled to mature on September 5th, 2024, with a valuation of IDR...
JAKARTA - Conglomerate and controller of PT Bayan Resources Tbk (BYAN), Low Tuck Kwong, gave his daughter Elaine Low control over 7.33 billion BYAN shares on Wednesday, August 28. Elaine now owns 22% of the shares in the coal mining and contractor company, while Low Tuck Kwongs share portion decreased from 62.15% to just 40.15%....
JAKARTA - Through PT Mirae Asset Sekuritas Indonesia, PT Kharisma Andalas Putra purchased 255.65 million shares of real estate developer PT Perdana Gapura Prima Tbk (GPRA) on Thursday, August 29. With a 5.98% share portion, the purchase instantly made this investor the newest major shareholder in GPRA. However, GPRAs controller, PT Abadimukti Gunalestari, actually decreased...
JAKARTA - On Monday, September 2, foreign investors purchased up to 2.54 billion shares. Foreign sales volume then totaled 1.95 billion shares, resulting in a net foreign volume surplus of 586.51 million shares. The digital company PT GoTo Gojek Tokopedia Tbk (GOTO) had the highest number of shares purchased, with foreign investors purchasing 464.65 million...
JAKARTA - PT Bangun Kosambi Sukses (BKS), a subsidiary ofPT Pantai Indah Kapuk Dua Tbk (PANI), increases its portion in PT Cahaya Gemilang Indah Cemerlang (CGIC) to 55.89% from 51% of issued and paid-up capital. This portion increase is intended to prevent dilution of shares of BKS and PANI in CGIC. In the information disclosure...
Bank Rakyat Indonesia (Persero) Tbk (BBRI) has signed a Conditional Share Subscription Agreement (CSSA) with Amundi, an asset management company based in France. In said collaboration, Amundi will book new shares of PT BRI Manajemen Investasi (BRI MI), a subsidiary of BBRI engaged in the investment management business. “Then, Amundi will become a minority shareholder,...