JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP), one of paper manufacturers under APP Group of Sinarmas, is once again listed under three categories of Indeks Tempo-IDNFinancials 52 following annual evaluation, effective per June 2024. INKP still remains under Main Index, High Growth, and Big Market Cap categories of Indeks52, after scoring satisfactory...
JAKARTA - PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) is entering its second year as a constituent of Indeks52 under the category of HIgh Growth due to stable net profit performance until 2023. According to IDNFinancials data, TKIM, which is still listed under APP Group of Sinarmas, reported compound annual growth rate (CAGR) of net...
Bank Central Asia Tbk (BBCA), the company with the highest market capitalisation in Indonesia, reported net profit of IDR 26.9 trillion in the first half (H1) of 2024, up 11.1% year-on-year (yoy) from the same period last year. BBCA’s net profit increase in H1 2024 is driven by its credit distribution rate that grew 15.5%...
Matahari Department Store Tbk (LPPF), one of the biggest retail companies in Indonesia, reported sales decline in H1 2024 of 2.8% year-on-year (yoy) to IDR 7.23 trillion. LPPF’s sales decline in H12024 was seemingly caused by challenging condition during Eid holiday, in addition to consumers’ power purchase that were deemed quite weak in the first...
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had stumbled more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just above the 7,310-point plateau and it may extend its losses on...
The Thai stock market has moved lower in two straight sessions, sinking almost 25 points or 2 percent in that span. The Stock Exchange of Thailand now rests just above the 1,300-point plateau although it may see mild support on Wednesday. The global forecast for the Asian markets is flat with a touch of downside...
Indian shares may open on a subdued note Wednesday after the 2024 budget introduced significant shifts in capital gains tax that could affect investment decisions. India\'s fiscal deficit glide path set out for 2025-26 is reasonable, but a coalition government at the Centre may pose challenges to pass bigger reforms that the economy needs, an...
Indian shares opened a tad lower on Wednesday, a day after the Budget raised tax on long-term capital gains and short-term capital gains on listed equity shares and equity-oriented funds. The benchmark S&P/BSE Sensex was down 103 points, or 0.1 percent, at 80,325 in early trade while the broader NSE Nifty index was down 30...
Shares of Deutsche Bank AG were losing around 7 percent in the morning trading in Germany as well as in the pre-market activity on the NYSE after the banking major reported a loss in its second quarter, compared to prior year\'s profit, hit by a hefty litigation provision related to the takeover of Postbank AG....
Germany\'s private sector slipped into contraction in July due to the deeper decline in manufacturing and slower growth of services activity, flash survey results from S&P Global showed on Wednesday. The HCOB composite output index dropped unexpectedly to 48.7 in July from 50.4 in June. The reading was seen at 50.7. \"This looks like a...