JAKARTA – Jakarta Stock Price Composite Index (JCI) sloped this morning, from 9 AM to 10 AM WIB. It recorded its lowest point yet within this past three weeks. Monitoring the board, JCI was recorded at 7,190.83 at 10 AM WIB, much lower from 7,270.30 seen at 9 AM WIB. JCI’s decline was accompanied with...
JAKARTA -PT Fast Food Indonesia Tbk (FAST), the KFC franchise license holder, continues to record a loss in Q3 2024, worsening from the same period last year by up to 266.44% year-on-year. Based on Q3 2024 Financial Report quoted Monday (11/11), its loss was recorded at IDR 557.08 billion, swelling from IDR 152.41 billion seen...
JAKARTA – The governments of Indonesia and China have signed 7 strategic cooperation agreements at Great Hall of the People in Beijing last Tuesday (9/11). This signing took place during the official meeting between Indonesian President Prabowo Subianto and President of China, Xi Jinping. In the press release of Cabinet Secretariat of Indonesia quoted today...
JAKARTA -PT Resource Alam Indonesia Tbk (KKGI) will distribute interim stock dividend with the ratio of 190:3, meaning that 190 old shares will grant the owner 3 new shares. In the prospectus quoted Monday (11/11), it is said that the shares distributed from treasury stock gained from the third round of buyback on March 2,...
Bank Permata Tbk (BNLI) has received a new rating from Pemeringkat Efek Indonesia (Pefindo), a local security rating agency, of “idAAA” with Stable prospect. This rating is effective until October 1, 2025. In the official statement, Pefindo mentioned that BNLI’s rating reflects a solid support from its new parent entity, Bangkok Bank Public Company Limited....
Champ Resto Indonesia Tbk (ENAK), a food & beverage (F&B) that owns Gokana Ramen & Teppan restaurant chain, managed to book net profit of IDR 19.74 billion within the first nine months (9M) of 2024. Said number increased 35.93% year-on-year (yoy), compared to ENAK’s net profit in 9M 2023 that only reached IDR 14.53 billion....
JAKARTA -PT Petrosea Tbk (PTRO) will initiate a stock split with a ratio set to 1:10, meaning one old share will be split into 10 shares with new value. This corporate action will then be asked for approval during Extraordinary General Meeting of Shareholders on December 16. In the prospectus quoted Thursday (7/110, the number...
JAKARTA – Central Bank of the United States of America or the Fed announced the interest-rate cut of 25 bps to 4.5%-4.75% on Thursday (7/11). This rate cut is expected to boost maximum support for workforce, thus restoring inflation to the targeted 2%. Based on the press release of the Fed quoted Friday (8/11), Federal...
Jobubu Jarum Minahasa Tbk (BEER), an alcoholic beverage manufacturer, has launched a new variant of its wine, Anggur Pink (pink wine or rosé), which is believed to have an extensive market niche. Audy Charles Lieke, President Director of BEER, said that Anggur Pink is a continuation of a series of new product variant launch in...
JAKARTA – Jakarta Stock Price Composite Index (JCI) shifted positively at the beginning of today’s (8/11) session, following the Fed’s decision to lower the interest rate by 25 basis points (bps) yesterday (7/11) local time. Monitoring the board, the index shifted upwards to 7,321.96 at 11 AM WIB, from 7,294.03 seen at the opening bell...