JAKARTA -PT Bank Central Asia Tbk (BBCA) merges two of its subsidiaries, PT BCA Multi Finance (BMC) into PT BCA Finance, effective starting yesterday (1/9). Linda Chandrawati, Head of ESG of BBCA, confirmed that the merger of both subsidiaries had been approved by Financial Services Authority (OJK), BCA Finance’s shareholders, as well as BCA Multi...
JAKARTA -PT Barito Renewables Energy Tbk (BREN) once again seized the top spot at market capitalisation list, defeating 934 other issuers in the stock exchange as of August 2024. This company, owned by the tycoon Prajogo Pangestu, books market cap of IDR 1.43 quadrillion. Based on IDNFinancials’ compiled data today (3/9), this Indeks52 constituent perched...
JAKARTA – Jakarta Stock Price Composite Index (JCI) was seen slipping throughout today’s (3/9) session, contrasting with yesterday’s (2/9) solid trend that brought JCI to the level of 7,700-ish. Monitoring the board this afternoon, JCI stagnated at 7,620.53 nearing the closing bell. The index has indeed slowed down since the opening bell at 9 AM...
JAKARTA - PT Semen Indonesia (Persero) Tbk (SMGR) has allocated capital expenditure (capex) of IDR 2 trillion until the end of 2024. This budget is higher than the average regular capex in the previous year of around IDR 1.3 trillion. In a public presentation via zoo, Friday (30/8), Andriano Hosny Panangian, Director of Finance and...
JAKARTA. Sales of Komatsu heavy equipment recorded by PT United Tractors Tbk (UNTR) up to July (7M) 2024 were recorded at 2,515 units, down 29% compared to 7M 2023 which reached 3,551 units. UNTR management assesses that the decline was caused by low demand for heavy equipment from a number of sectors, from mining to...
JAKARTA – PT Hartadinata Abadi Tbk (HRTA) is aiming for 15 new gold retail outlet his year to boost domination within the retail market in Indonesia. Until 2023, HRTA reported managing 85 stores across the country. According to Sandra Sunanto, CEO of HRTA, this massive retail store expansion is the company’s strategy to raise its...
JAKARTA – PT Wijaya Karya Bangunan Gedung Tbk (WEGE) is setting new contract target to IDR 5.1 trillion for 2024, relatively stagnant compared to new contract realisation per 2023, which also reached IDR 5.1 trillion. “Per August 2024, new contracts have reached IDR 1.68 trillion, dominated by government and SOE projects,” as revealed by Tomo...
JAKARTA -PT Graha Prima Mentari Tbk (GRPM) is targeting revenue and profit to reach IDR 560 billion and IDR 6 billion this year, higher than last year’s realisation. This projection is revealed by Agus Susanto, President Director of GRPM, during Public Expose Live 2024 via Zoom, Friday (30/8). “For revenue and profit, we project an...
JAKARTA – PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO), more popularly known as Sido Muncul, reported fantastic growth in exports by up to 73% year-on-year (yoy) in the first half (H1) of 2024. According to Budiyanto, Director of Finance of Sido Muncul, the contribution of export to total sales of the company in...
JAKARTA. PT Pantai Indah Kapuk 2 Tbk (PANI), a property developer, now records landbank of 1,850 hectares after conducting a private placement. Prior to this, PANI had conducted 2 rounds of private placement on August 20 and August 22-23, 2024. In its first round, it issued 787.43 million new shares, whereas the second round reported...