XL Axiata Tbk (EXCL)andPT Smartfren Telecom Tbk (FREN)give an escape for minority shareholders disapproving of the merger through buyback option. In the official statement, EXCL and FREN are said to only offer buyback of up to 10% of their shares outstanding each pre-merger. Total allocated budget for this buyback is IDR 3.09 trillion. The exercise...
JAKARTA. Seeing the opportunities, foreign investors reportedly acquired millions shares of PT XL Axiata Tbk (EXCL) when its price was at downtrend yesterday (11/12). According to IDNFinancials data, EXCL’s price was corrected 2.18% or 50 index points to IDR 2,240 per share at yesterday’s closing. At the opening bell, its price arrived at IDR 2,290...
JAKARTA -PT Buana Lintas Laut Tbk (BULL) is optimistic about its net profit margin increasing following higher vessel charter tariff applied in the fourth quarter of 2024. This positive projection aligns with BULL’s bullish stock performance throughout the year. Wong Kevin, Director of BULL, mentioned that net profit margin was slightly weakened in September 2025...
JAKARTA -PT Murni Sadar Tbk (MTMH), the managing company of Murni Teguh Hospitals, secured a working capital credit worth a total of IDR 50 billion from PT Bank Mandiri (Persero) Tbk (BMRI). The credit will be allocated to pay claims to Healthcare and Social Security Agency (BPJS Kesehatan). Armen Chandra, Corporate Secretary of MTMH, mentioned...
JAKARTA -PT Multistrada Arah Sarana Tbk (MASA) has decided to set buyback price to a fantastic price level at IDR 8,400 per share following its go-private plan. Said number is 95.5% higher from the highest average price of MASA’s shares within 12 months prior to its suspension in July 2024. In the short prospectus quoted...
JAKARTA -PT Bank Pembangunan Daerah (BPD) Jawa Timur Tbk (BJTM) is officially allocating capital of up to IDR 200 billion to Regional Banks (BPD) of Southeast Sulawesi and East Nusa Tenggara. This follows the plan of Bank Business Group (KUB) formation, which is expected to boost the banks’ core capital. Based on the information disclosure...
JAKARTA - PT Siantar Top Tbk (STTP), a snack producer, is exploring the United States (US) market to expand export sales potential in the future. In the six months from June 12 2024 until the initial session Friday (13/12), the performance of this issuers shares grew 17.64% from IDR 10,625 per share to IDR 12,500...
JAKARTA - PT Indofarma announced that it will sell its assets worth around IDR 312.94 billion consisting of land and buildings located in 10 provinces in Indonesia. President Director of PT Indofarma Tbk (INAF) Yeli Andriani in a public expose today Friday (13/12/2024) explained that the sale of these assets is a strategic step that...
JAKARTA. PT Fajar Surya Wasesa Tbk (FASW), a paper producer for packaging materials, will raise fresh funds through additional capital by providing pre-emptive rights (PMHMETD) or a rights issue. The maximum number of shares to be issued by FASW is 1 billion shares. Each new share has a nominal value of IDR 500 per share,...
JAKARTA - PT Trimegah Bangun Persada Tbk (NCKL) bought 10% of Li Yuen Pte Ltds shares in PT Obi Nickel Cobalt (ONC) in a transaction that took place Friday (13/12). The increase in the portion of the issuers shares in ONC is to increase value creation in line with shareholder interests. Quoted in the information...