Sales stagnated, INDF’s profit down 36.37%
02 May 2024 09:50
Although sales of PT Indofood Sukses Makmur Tbk (INDF) remain stable in Q1 2024, the management has yet succeeded in maintaining profit stability compared to the same period in 2023.
Petrosea to share cash dividend of USD 3.05 million
02 May 2024 09:44
PT Petrosea Tbk (PTRO), an oil and gas company recently acquired by Prajogo Pangestu, will distribute cash dividend of USD 3.05 million taken out of its 2023 net profit.
On track, Bank OCBC NISP now owns Bank Commonwealth
02 May 2024 08:45
PT Bank OCBC NISP Tbk (NISP) has completed the acquisition of PT Bank Commonwealth (PTBC), taking effect from last Wednesday, May 1, 2024.
Net foreign volume recorded surplus of 173.28 million shares
30 Apr 2024 18:13
After being in the red zone consecutively, net foreign volume on Monday, April 29, reported a surplus of 173.28 million shares. This figure reflected a larger foreign buying volume of 3.40 billion shares versus a foreign selling volume of approximately 3.22 billion shares. The list of share purchase transactions then begins with the acquisition of 139.68 million shares of PT Bumi Resources Tbk (BUMI) in the coal mining industry for a net volume of 67.05 million shares.
Revenue soared 12.3%, MTDL’s profit stagnated
30 Apr 2024 18:11
PT Metrodata Electronics Tbk (MTDL), a company engaged in the information and communication technology (ICT) sector, reported revenue of IDR 5.1 trillion at the end of the first quarter (Q1) of 2024.
Adding 4.71 billion shares, Rejuve Global's stake in Pyridam Farma skyrocketed to 78%
30 Apr 2024 18:07
After previously acquiring 44% of the shares in the pharmaceutical company PT Pyridam Farma Tbk (PYFA), the acquisition of Rejuve Global Investment Pte Ltd. continued. On Friday, April 26, this foreign investor added 4.71 billion PYFA shares, increasing its stake from 44.04% to 78.79%. On the other hand, PT Aldiracita Sekuritas Indonesia sold 332.64 million PYFA shares, reducing its ownership from 8.01% to 5.98%.
ASII readies IDR 17 trillion of dividend this May
30 Apr 2024 16:41
Annual General Meeting of Shareholders (AGMS) of PT Astra International Tbk (ASII) agreed upon the allocation of final dividend of IDR 21 trillion or IDR 519 per share for the fiscal year 2023, which will be paid on May 30, 2024.
ELSA booked net profit of IDR 183 billion in Q1
30 Apr 2024 15:59
Although the revenue of PT Elnusa Tbk (ELSA) was seen declining in Q1 2024 compared to the same period in 2023, its profit skyrocketed 59.41% year-on-year (yoy).
Roket Cipta Sentosa becomes Cardig Aero (CASS) controller after purchasing more than 1 billion shares
30 Apr 2024 14:46
On Thursday, April 25, PT Cardig Aero Services Tbk (CASS) welcomed PT Roket Cipta Sentosa as a new investor and controlling shareholder. Without hesitation, this investor purchased 1.06 billion shares of the holding company that supports airport service, acquiring 51% ownership. This transaction was handled by PT Trimegah Sekuritas Indonesia Tbk. In contrast, another CASS investor, SATS Ltd., S/A Cemerlang Pte. Ltd., reduced its ownership. This investor sold approximately 205.63 million shares, reducing its stake to around 10.15%.
Automotive industry struggled, Adira Finance only scored 3% growth in new financing
30 Apr 2024 14:27
PT Adira Dinamika Multi Finance Tbk (ADMF) saw 3% year-on-year (yoy) growth in its new financing to IDR 10.9 trillion in the first quarter (Q1) of 2024, a moderate growth due to stagnant automotive industry.