In time of Ramadhan, AXA Mandiri launches Amanah Syariah Protection Insurance
19 Mar 2024 17:49
AXA Mandiri introduces its latest protection insurance product in sharia line, Amanah Syariah Protection Insurance.
APEX bags US$13.7 million contract from Pertamina
19 Mar 2024 15:47
PT Apexindo Pratama Duta Tbk (APEX), a coal and oil and gas support services company, has obtained a marine drilling contract from PT Pertamina Hulu Kalimantan Timur (PHKT).
Over 1 billion Gojek Tokopedia shares are traded; net foreign volume closed at minus 118.39 million shares
19 Mar 2024 14:33
On Monday, March 18, foreign investors sold 1.36 billion shares and purchased 1.13 billion shares of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), bringing the net volume to -228.09 million shares. The amount of this transaction contributed to a foreign buying volume of around 2.87 billion shares and a foreign selling volume of 2.99 billion shares. As a result, net foreign volume closed at -118.39 million shares.
UBS AG Hong Kong has invested 9.06 billion shares in Bukalapak.com (BUKA)
19 Mar 2024 14:23
On Thursday, March 14, PT Bukalapak.com Tbk (BUKA), an online shopping platform, welcomed a new foreign investor. Through BUT Deutsche Bank AG, the foreign investor known as UBS AG Hong Kong Non-Treaty Omnibus Account - 2052034005 recently purchased 9.06 billion BUKA shares, or roughly 8.79% of the stakes.
Following its acquisition of Mandala Multifinance (MFIN), MUFG Bank Ltd. holds 70% control
19 Mar 2024 13:56
On Wednesday, March 13, MUFG Bank Ltd., a Japanese bank, took over as PT Mandala Multifinance Tbk's (MFIN) new controlling shareholder. Having acquired more than 1.87 billion shares through PT Bank Danamon Indonesia Tbk, this investor now holds 70.61% of the shares of the consumer finance company. Local investor PT Adira Dinamika Multi Finance Tbk also acquired 265 million MFIN shares in total, granting it immediate control over 10% of the shares.
Mandom Indonesia’s profit soared 106% in 2023
19 Mar 2024 13:26
PT Mandom Indonesia Tbk (TCID), a body care product manufacturer and distributor, booked net profit of IDR 38.12 billion in 2023, soaring 106% year-on-year (yoy) higher.
Plaza Indonesia Realty’s net profit grew 10% in 2023
18 Mar 2024 14:40
PT Plaza Indonesia Realty Tbk (PLIN), the developer of Plaza Indonesia and fX Sudirman shopping centres, booked net profit of IDR 613.27 billion throughout 2023, increasing 10% year-on-year (yoy).
Profit up by 23%, OCBC NISP to set up dividend IDR 1.65 trillion
18 Mar 2024 13:31
Shareholders of PT Bank OCBC NISP Tbk (NISP) agreed upon the dividend payout ratio of 40.4% for the fiscal year 2023, or equal to IDR 1.65 trillion.
TPIA to spin-off subsidiary in port business
18 Mar 2024 13:08
PT Chandra Asri Pacific Tbk (TPIA) will separate PT Chandra Pelabuhan Nusantara (CPAT), its business line in the port, harbour, and storage service, from itself.
Foreign buying and selling volumes are astounding; net foreign volume closed at -351.20 million shares
18 Mar 2024 10:18
On Friday, March 15, foreign buying and selling volumes reached a record-high level of 26 billion shares each. Because foreign selling volume (26.43 billion shares) exceeded foreign buying volume (26.08 billion shares), net foreign volume then closed at -351.20 million shares. The shares purchased in significant numbers belonged to the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), which was purchased for 9.94 billion shares for a net volume of 767.52 million.