JAKARTA – Both PT XL Axiata Tbk (EXCL)andPT Smartfren Telecom Tbk (FREN)were seen corrected at the end of morning session today (11/12) following the merger plan. This morning, both major shareholders of EXCL and FREN officially announced merger plan to the public after signing an agreement yesterday (10/12). Monitoring the board this afternoon, FREN saw...
JAKARTA – Inflation is projected to grow in January 2025 before declining in April 2025, according to the Retail Sales Survey of Bank Indonesia in November 2024. Based on said survey, quoted today (11/12), Price Expectation Index (PEI) in January 2025 was recorded at 157.8, much higher than 152.6 seen in December 2024. The uptrend...
JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) recorded capital adequacy ratio (CAR) of over 40%. “As we receive capital injection from IBK Korea of IDR 1 trillion, we have relatively prominent CAR,” said Lee Dae Sung, Director of AGRS, during Public Expose of AGRS yesterday (10/12). As is known, the bank, formerly known as...
JAKARTA - PT Jasa Armada Indonesia Tbk (IPCM) climbed IDR 2 higher this afternoon (11/12) following the announcement of interim dividend distribution. Within the past two years, IPCM allocated IDR 20.05 billion or IDR 3.8 per share as interim dividend. Monitoring the board today (11/12), IPCM continued to fluctuate between IDR 270 and IDR 274...
JAKARTA -PT Goto Gojek Tokopedia Tbk (GOTO) records its hat-trick after securing first place at net foreign for three consecutive weeks until the end of today’s (11/12) session. Since the beginning of this week (9/12), this e-commerce company managed to maintain its top spot in net foreign list in Indonesia Stock Exchange (IDX). Based on...
JAKARTA – PT Sejahteraraya Anugrahjaya Tbk (SRAJ), the operator of Mayapada Hospital, plans to issue bonds worth USD 125 million, or equal to approximately IDR 1.89 trillion. The funds raised from this bond issuance will be used for funding working capital requirements for its subsidiaries that manage Mayapada Apollo Batam International Hospital and Mayapada Hospital...
JAKARTA - On Wednesday, December 11, around 6.68 billion shares of Indonesian issuers were purchased by foreign investors, while approximately 6.36 billion shares were sold. This outstanding sumfurther contributed to the 315.21 million share net foreign surplus volume this time. With 4.79 billion shares bought by foreigners and a net volume of around 536.12 million,...
JAKARTA. The Composite Stock Price Index (IHSG) continued its growth in trading on Wednesday (11/12) today, with an increase of 0.15% or 11.47 points to the level of 7,464.75. This is an increase that has occurred consecutively since Monday (9/12). Previously on Monday the index closed up 0.74% or 54.95 points and on Tuesday 0.21%...
JAKARTA. Jakarta Stock Price Composite Index (IHSG) posted 3.77% or 268.51-point increase to 7,382.78 last week following growth in daily transaction frequency. Eko Susanto, Acting Secretary of Indonesia Stock Exchange (IDX), confirmed that the daily transaction frequency last week rose 8.66% to 1.24 million. A week prior, the frequency was stuck at 1.14 million transactions....
Hero Supermarket Tbk (HERO) has officially changed its name to PT DFI Retail Nusantara Tbk following a successful meeting of shareholders last week. In said meeting, 92.28% of the shares with valid votes have agreed upon this name change. “[Shareholders] agreed upon the amendment of Article 1 Paragraph 1 of Articles of Association of the...