JAKARTA -PT Sarana Menara Nusantara Tbk (TOWR) maintains projected revenue growth of 4-6% in 2024. In 2023, its revenue increased 6.38% year-on-year (yoy) to IDR 11.74 trillion from IDR 11.03 trillion in 2022. Aming Santoso, President Director of TOWR, mentioned that the projection of revenue growth has yet to include the result from the acquisition...
JAKARTA – Jakarta Stock Price Composite Index (JCI) arrived at 7,658.88 at today’s (28/8) closing bell, breaking another record. This surge is entailed with increases in other indices in the stock exchange. Monitoring the board this afternoon, JCI was seen gaining strides all day, although plummeting at the starting line, hitting below 7,600. Then, the...
JAKARTA – PT Indo Tambangraya Megah Tbk (ITMG) announces positive result from the latest audit on its coal reserves and resources in several of its mines located in eastern Kalimantan. According to the December 2023 data, ITMG recorded total coal reserves of 281 million ton and total resources of 1,313 million ton. However, based on...
JAKARTA – After securing the extension of its Special Mining Business License (IUPK) last May, PT Vale Indonesia Tbk (INCO) is now confident to be able to attain nickel in matte production target of 70,800 wet metric tons (wmt) in 2024. According to Rizky Andhika Putra, Chief Financial Officer of INCO, the company managed to...
JAKARTA – Jakarta Stock Price Composite Index (JCI) gained strength, arriving at 7,610.23 at today’s (26/8) closing bell. This achievement reflects an optimistic start for the week after at the morning session, JCI opened at 7,571.00. Index showed a consistent bullish trend throughout the day, picking up after the uptrend seen last Friday (23/8). JCI...
JAKARTA – The authority of Indonesia Stock Exchange (IDX) reportedly terminates the employment of 5 staffs in Listing Division following alleged gratification for allowing issuers to be listed in the stock exchange. In an official release circulating among press, today (26/8), these 5 IDX employees are suspected of receiving bribery of up to billons of...
JAKARTA. PT Perusahaan Gas Negara Tbk (PGAS) posted a net profit of US$186.6 million in the first semester (1H) 2024, growing 28.4% year-on-year (yoy) or from the same semester last year. This growth is in line with PGAS revenue performance in 1H 2024 which reached US$1.4 billion. The companys revenue in this period rose 3.08%...
JAKARTA. PT Golden Energy Mines Tbk (GEMS), a mining company owned by Sinarmas Group, has signed an addendum to the credit agreement given to PT Borneo Indobara (BIB). The addendum to the credit agreement was carried out due to the additional credit facility limit provided by GEMS to BIB to IDR 2.4 trillion, from the...
JAKARTA -PT Steel Pipe Industry of Indonesia Tbk (ISSP)or Spindo is allocating capital expenditure (capex) of IDR 250 billion this year, as mentioned by Johanes W. Edward, Corporate Secretary & Investor Relations of Spindo in Public Expose Live 2024 of ISSP via Zoom, today (26/8). According to Edward, said capex will be spent on completing...
JAKARTA -PT Nippon Indosari Corporindo Tbk (ROTI)recorded the highest dividend yield for the fiscal year (FY) 2023 among its peers in the processed food industry that are listed as constituents of Indeks52. There are six issuers in this industry, listed as Indeks52 constituents, with market capitalisation of over IDR 5 trillion. Based on IDNFinancials data...