The Bank of England lowered its benchmark rate for the first time since the onset of the coronavirus pandemic as inflation receded and the underlying growth momentum remained weaker. In a very close call, the Monetary Policy Committee, led by Governor Andrew Bailey, decided to cut the bank rate by a quarter-point to 5.00 percent...
FAP Agri Tbk (FAPA), a palm oil manufacturer operating since 1994, reports dividend income coming from two of its subsidiaries, PT Agung Karya Abadi (AKA) and PT Tirta Madu Sawit Jaya (TMSJ). Henryzal M. Panjaitan, Corporate Secretary of FAPA, said that the total dividend secured from these two subsidiaries clocks up to IDR 116.85 billion....
JAKARTA – The revenue of PT Pakuwon Jati Tbk (PWON)increased 12.60% year-on-year (yoy) in the first half (H1) of 2024, but its net profit plummeted 23% yoy due to swelling of several expense posts. Its profit reportedly slipped to IDR 846.33 billion, down from IDR 1.09 trillion. Based on Financial Report of H1 2024 quoted...
JAKARTA - PT Aspirasi Hidup Indonesia Tbk (ACES), a new constituent of Indeks Tempo-IDNFinancials 52, booked net profit of IDR 365.76 billion in the first half of 2024, up 21% year-on-year (yoy) from IDR 302.43 billion seen in H1 2023. This profit growth is, in fact, in line with 13.72% yoy revenue increase in the...
Bumi Serpong Damai Tbk (BSDE) reportedly will claim the controlling shareholder position in PT Suryamas Dutamakmur Tbk (SMDM), another real estate management and developer. Ratna Juwanita Haliman, Director of SMDM, mentioned that BSDE had previously negotiated with Top Global Limited (TGL), which resulted in the decision of BSDE acquiring the entire shares of SMDM owned...
JAKARTA - PT Sunindo Pratama Tbk (SUNI), an oil country tubular goods (OCTG) manufacturer, booked revenue of IDR 522.4 billion in the first half of 2024, nearly double the revenue seen in H1 2023 of IDR 263.2 billion, or increasing 98.6% year-on-year (yoy). “This surge in revenue was driven by significant increases in the sales...
While reporting financial results for the second quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) reaffirmed its adjusted earnings guidance for the full year 2024. For fiscal 2024, the company continues to project adjusted earnings in the range of $10.60 to $10.90 per share. On average, five analysts polled by Thomson Reuters expect earnings...
Canadian shares are likely to open with a positive bias Thursday morning, tracking higher crude oil and bullion prices. Activity for most part of the session is likely to be stock specific with investors reacting to a slew of quarterly earnings announcements. On the economic front, a report on Canadian manufacturing activity in the month...
The Thai stock market has moved higher in two straight sessions, advancing more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,310-point plateau and it\'s expected to open under pressure on Wednesday. The global forecast for the Asian markets is mixed to lower, with...
At 11:55 pm ET in the early Asian session on Wednesday, the Bank of Japan announced its monetary policy decision to raise interest rate around 0.25%. After the BoJ rate decision, the yen retreated against its major rivals. As of 12:01 am ET, the yen was trading at 166.56 against the euro, 197.62 against the...