JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) and PT Dian Swastatika Sentosa Tbk (DSSA) have officially signed an Asset Sale and Purchase Agreement on January 3, 2025. Through this transaction, INKP acquired DSSAs power plant assets, including machinery with a total capacity of 175.1 MW along with its supporting equipment. Heri Santoso...
JAKARTA — On Tuesday, January 7, foreign investors bought 3.72 billion shares of shares, compared to only around 3.03 billion bought. As of today, the net foreign from January to today is a net sell of3.14 billion shares. With 552.02 million shares, PT GoTo Gojek Tokopedia Tbk (GOTO) isthe first of the top five stocks...
JAKARTA – PT Jasnita Telekomindo Tbk (JAST) has projected a 20% revenue growth in 2024, driven by the expansion of its subsidiary into Singapore. President Director of JAST, Yentoro, revealed in a disclosure to the Indonesia Stock Exchange (IDX) on Tuesday (7/1) that potential projects in Singapore offer significant opportunities to increase project volumes and...
JAKARTA - The Financial Services Authority (OJK) reported that bank credit performance grew 10.79% (year-on-year / yoy) in November 2024, to IDR 7,717 trillion. Bank credit growth in December 2024 was slightly lower than the previous month, which stood at 10.92%. Nevertheless, Dian Ediana Rae, Chief Executive of OJK Banking Supervision, said that banking intermediation...
JAKARTA – PT Multi Medika Internasional Tbk (MMIX) has partnered with Fujian Nice Paper Hygiene Products Co., China, to establish a diaper factory in Indonesia. Mengky Mangarek, President Director of MMIX, announced that the two companies signed a memorandum of understanding (MoU) yesterday (2/1) regarding capital investment to form a joint venture. “The MoU for...
JAKARTA – With a volume of 279.56 million shares, net foreign on Friday, January 3, was still closed at a net sell position. A total of 3.44 billion shares were bought by foreign buyers, while 3.72 billion shares were sold. PT Bumi Resources Minerals Tbk (BRMS), a mineral mining business, was the first of the...
JAKARTA – The Jakarta Composite Index (JCI) strengthened by 1.82%, or 127.86 points, reaching 7,036.57 last week, accompanied by a net foreign sell of IDR 256.28 billion. A total of 64.13 billion shares were traded throughout the week, with the total transaction value amounting to IDR 29.22 trillion. The three stocks that contributed the most...
JAKARTA – PT Bank Tabungan Negara Tbk (BBTN) has concluded the purchase of two properties owned by PT Asuransi Jiwa IFG on December 31, 2024, with a total transaction value of IDR 15.9 billion. This acquisition aims to support BTN’s office relocation and expansion. Ramon Armando, Head of Corporate Secretary Division at BBTN, stated in...
JAKARTA – Shares of four out of 10 coal companies with a market capitalization above IDR 25 trillion have shown growth over the past year. Among these four companies, PT Golden Energy Mines Tbk (GEMS) posted the highest share performance growth. According to data compiled by IDN Financials on Monday (January 6), the four coal...
JAKARTA - Pemberton Asian Opportunities Fund is known to have increased its stake in PT Sarimelati Kencana Tbk (PZZA) in a transaction last week (3/1). With this transaction, Pemberton Asians share portion is more than 5% of all PZZA shares listed on the capital market. Based on the compiled by IDN Financials, Monday (6/1), Pemberton...