JAKARTA -PT Chemstar Indonesia Tbk (CHEM) is targeting revenue to reach IDR 207 billion in 2025, an increase from projected revenue of IDR 161 billion at the end of 2024. This number is deemed obtainable following growth in energy and agrobusiness segments. Kwee Sutrimo, President Director of CHEM, said that the company will aggressively expand...
JAKARTA - Robby Adijaya, an investor, acquired shares in PT Ginting Jaya Energi Tbk (WOWS) on Thursday, November 14. With a 5.11% stake, this individual investor purchased 126.56 million shares through PT Trimegah Sekuritas Indonesia Tbk and four additional securities firms. WOWS is an oil and gas contractor with a focus on procurement and rig...
JAKARTA – Although the revenue slipped 19.97% year-on-year (yoy), PT Adhi Karya (Persero) Tbk (ADHI) reported profit soaring 194.51% yoy in Q3 2024 to IDR 69.32 billion from IDR 23.53 billion in the same period last year. This profit surge was supported by efficiency in operating expenses and income tax expenses. Based on Q3 2024...
Merdeka Battery Materials Tbk (MBMA) has signed a financing facility with PT Merdeka Tsingshan Indonesia (MTI) worth up to USD 200 million. “Said fund will be used by MTI for corporate general needs,” said the management of MBMA in the official disclosure in Indonesia Stock Exchange (IDX). According to IDNFinancials data, MBMA reported cash and...
JAKARTA -PT Kawasan Industri Jababeka Tbk (KIJA) is optimistic about attaining marketing sales of IDR 3 trillion this year, up from IDR 2.5 trillion set previously. Budianto Liman, Vice President Director of KIJA, mentioned that its marketing sales target for the fiscal year (FY) 2024 is revised following the new government’s policy to support property...
JAKARTA. PT Adaro Andalan Indonesia (AADI), a coal mining company underPT Adaro Energy Indonesia Tbk (ADRO), will initiate its public offering (IPO) in Indonesia Stock Exchange (IDX). The number of shares offered by AADI is 778.68 million, equal to 10% of total issued and paid-up capital of AADI post-IPO. Each share has a value of...
JAKARTA – At Tuesday’s (19/11) morning session, Jakarta Stock Price Composite Index (JCI) demonstrated an optimistic trend. The index opened at 7,147.26 points at 9 AM WIB and climbed to 7,206.84 by 10:50 AM WIB. As of just before 11:00 AM, the index was moving consistently upwards, maintaining strides since the market opened. This morning’s...
JAKARTA - PT Prima Andalan Prima Tbk (MCOL)s interim dividend in the 2024 financial year was down by 56% from 2023. This years interim dividend is also lower than in 2022, amounting to IDR 350 or IDR 1.24 trillion. Based on the data compiled by IDN Financials, Tuesday (19/11), MCOLs interim dividend was recorded at...
JAKARTA. PT Bakrie Telecom Tbk (BTEL), a telecommunications issuer belonging to the Bakrie Group, posted a loss of IDR 54.49 billion in the first nine months (9M) of 2024. This loss was 26% lower year-on-year (yoy) or compared to the same period last year, where BTELs loss reached IDR 73.66 billion. According to the financial...
JAKARTA - PT Sarana Multi Infrastruktur (Persero) will offer Shelf-Registration Bond IV Phase II Year 2024 worth IDR 2.7 trillion in early December 2024. The proceeds of this bond issuance will be utilised for infrastructure financing. In the prospectus quoted Tuesday (19/11), it is said that the bond will be split into four series with...