JAKARTA – Indonesia Stock Exchange (IDX) authorities has listed 6 issuers under special monitoring since early August 2024 until last Friday (16/8). These issuers have issues with negative equity and zero revenue stated in their last financial reports. Based on IDNFinancials data compiled today (19/8), the six issuers in question are PT Tirta Mahakam Resources...
JAKARTA. PT PLN Indonesia Power (PLN IP) is partnering with Saudi Arabian company called ACWA Power to work on the development of floating solar plant in Saguling Dam, West Java. Edwin Nugraha Putra, President Director of PLN IP, mentioned that this floating solar panel construction will be handled by PT Indo ACWA Tenaga Saguling,a joint...
JAKARTA – Jakarta Stock Price Composite Index (JCI) rebounded after slipping to the red zone at mid-day today (19/8). The index finally arrived at 7,442.23 at the closing bell today at 4 PM WIB. Monitoring the board in its second session, JCI was seen dropping to 7,425.63, its lowest since today’s opening bell at morning...
MNC Digital Entertainment Tbk (MSIN), an entertainment company under MNC Group, is preparing for a stock split with a ratio of 1:5. Hary Tanoesoedibdjo, Executive Chairman of MNC Group, mentioned that said corporate action is intended to extend the scope of MSIN’s investors. “I believe that this stock split will reflect our solid performance and...
JAKARTA – PT Bank Central Asia Tbk (BCA) has, once again, achieved various achievements throughout July 2024. Not only within domestic scope, BCA has also received various international awards on numerous occasions. BCA won this series of awards as a form of appreciation for its commitment in improving its service quality in various aspects. BCA...
Tigaraksa Satria Tbk (TGKA) has divested the entire portion of its shares in PT Gramedia Digital Nusantara (GDN) to PT Digital Intisari Nusantara (DIN). Syahrizal Sabir, Corporate Secretary of TGKA, mentioned that the portion of TGKA in GDN sold to DIN is 93,345 shares, which are equal to 70% of GDN. “This transaction does not...
Bukaka Teknik Utama Tbk (BUKK), a construction and manufacturing company, has partnered with PT Bangun Daya Utama (BDU) to establish two new joint ventures. Irsal Kamarudin, President Director of BUKK, mentioned that both joint ventures are named PT Pembangkit Energi Terbarukan (PET) and PT Mandiri Energi Terbarukan (MET). “Both had acquired approval as a legal...
Mayora Indah Tbk (MYOR) booked net profit of IDR 1.71 trillion in the first half (H1) of 2024, up 40.92% year-on-year (yoy) from the same period last year. MYOR’s net profit growth in H1 2024 was supported by its net sales that reached IDR 16.22 trillion. The sales in this period went up 9.45% yoy...
Bank BTPN Tbk (BTPN) has formed a strategic partnership with Syailendra Capital in order to improve stock market literacy and inclusivity, particularly mutual fund products. Fajar R. Hidayat, CEO of Syailendra Capital, mentioned that this partnership takes place following investors’ high interest in mutual funds as an alternative investment instrument. With this partnership, BTPN will...
Indonesia Kendaraan Terminal Tbk (IPCC) scored net profit of IDR 80.69 billion in the first half (H1) of 2024, up 2.24% year-on-year (yoy) from the same period last year. At the top-line, IPCC’s operating revenue, in fact, declined 1.83% yoy to IDR 360.26 billion. However, the company semed to implement efficiency strategies in H1 2024,...