MD Entertainment Tbk (FILM), an entertainment and film production house, plans to issue 951.12 million new shares without pre-emptive rights, or private placement. The number of newly issued shares is equal to 10% of FILM’s current issued and paid-up capital. The private placement price is set to at least 90% of average closing price of...
Triputra Agro Persada Tbk (TAPG) has obtained an extension to its investment credit limit from PT Bank OCBC NISP Tbk (NISP) worth IDR 300 billion. Jony Tjeng, Corporate Secretary of TAPG, mentioned that said additional credit facility was acquired on August 28, 2024, and will be used for subsidiary’s needs. “This working capital credit transaction...
JAKARTA – PT Selamat Sempurna Tbk (SMSM) decides to revise the target of its sales growth for 2024 down to 2% from the initial target set to 8%. The change in top-line growth target was announced by Ang Andri Pribadi, Vice President Director of SMSM during Public Expose Live 2024 SMSM via Zoom today (29/8)....
Bank Rakyat Indonesia (Persero) Tbk (BBRI)is preparing several strategies to attain sustainable business growth, starting from boosting the number of users and securing new growth engine. It was announced by Sunarso, President Director of BBRI, earlier today (29/8) during Public Expose Live 2024. He then mentioned that both strategies is the management’s response towards BRI’s...
JAKARTA – Massive promotion of processed tobacco products is deemed insignificant in boosting sales of PT Gudang Garam Tbk (GGRM), according to Heru Budiman, Director of GGRM, during Public Expose Live 2024 via Zoom today (29/8). “Our marketing strategy is emphasised on distribution, ensuring tobacco products’ availability in all selling points,” added Budiman. According to...
The China stock market has moved higher in two straight sessions, collecting just 6 points or 0.2 percent along the way. The Shanghai Composite Index now sits just above the 2,855-point plateau although it may spin its wheels on Tuesday. The global forecast for the Asian markets is mixed to lower, with profit taking expected...
The Hong Kong stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dropped almost 180 points or 1 percent. The Hang Seng Index now sits just beneath the 17,800-point plateau although its expected to see renewed selling pressure on Tuesday. The global...
JAKARTA -PT Tripar Multivision Plus Tbk (RAAM), a production house for movies and series, will issue 619.42 million shares via a private placement on September 26, 2024. This corporate action will be further decided in Extraordinary General Meeting of Shareholders on September 12, 2024. In the short prospectus quoted Tuesday (27/8), as of now, RAAM’s...
Aneka Tambang Tbk (ANTM), a metal and mineral mining under the state-owned mining holding company, MIND ID, will join hands with PT Freeport Indonesia to maintain gold product supply. Nicolas D. Kanter, President Director of ANTM, mentioned that as of now, the potential of demand in the gold sector is still high. Therefore, the company...
JAKARTA – PT Bank Tabungan Negara Tbk (BBTN) reveals its moderate target on credit distribution growth in 2024, at 10-11%. In fact, at the end of June 2024, BBTN had reported credit growth of 14.4% year-on-year (yoy). According to Nixon LP Napitupulu, President Director of BBTN, this moderate target is set following tight liquidity of...