Stock-based plan dominates unit-linked life insurance products
04 Mar 2024 14:05
The stock-based unit-linked insurance plan, also known as stock-based unit-linked products become the most developed product within the industry.
Boy Thohir amd two new investors purchase billions of shares of Essa Industries (ESSA)
04 Mar 2024 13:53
On Thursday, February 29, businessman Garibaldi Thohir, also known as Boy Thohir, acquired 1.47 billion shares in PT Essa Industries Indonesia Tbk (ESSA). Boy's ownership of the LPG and ammonia refinery companies increased from 5.55% to 14.14% as a result of this spending. Two new investors also purchased a significant amount of ESSA shares this time around. PT Akraya International purchased 1.29 billion shares, or the equivalent of 7.5% ownership. Subsequently, 1.20 billion ESSA shares were purchased by individual investor T. Permadi Rachmat, giving him a final ownership stake of 7.02%.
Life insurance’s mutual fund assets down to IDR 78.2 trillion
04 Mar 2024 11:45
The mutual fund assets in Indonesian life insurance industry continued to decline. Within the past 3 years, they have shrunk by 52.71%.
Buana Finance to obtain another IDR 765 billion facility from Bank Danamon
04 Mar 2024 10:26
PT Buana Finance Tbk (BBLD), a consumer financing company listed on Indonesia Stock Exchange (IDX) since 1990, has acquired a credit facility worth IDR 765 billion from PT Bank Danamon Indonesia Tbk (BDMN).
Production thrives, PGEO saw 28% profit surge
04 Mar 2024 09:59
PT Pertamina Geothermal Energy Tbk (PGEO), an entity under Pertamina Group engaged in the geothermal energy industry, reported 28% year-on-year (yoy) profit surge at the end of 2023 to USD 163.57 million.
Share buying and selling transactions are slightly different; net foreign volume is almost 75 million pieces in surplus
03 Mar 2024 19:11
On Friday, March 1, foreign share buying and selling transactions were not much different, at around 2 billion shares each. The foreign buying volume was 2.12 billion shares, whereas the foreign selling volume was 2.04 billion shares. As a result, the net foreign volume stood at 74.99 million shares. The most purchased shares this time were those of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), with approximately 708.84 million shares and a net volume of 179.57 million shares.
Closing the weekend, ARII shares climbs top gainers
01 Mar 2024 18:12
PT Atlas Resources Tbk (ARII) shares rose 24.76% until the close of transactions, which put this issuer at the top of the Top Gainers on Friday (1/3).
HEAL to increase capex by 67%, mostly allocated to hospital expansion
01 Mar 2024 16:00
PT Medikaloka Hermina Tbk (HEAL), the managing company of Hermina hospital network, is allocating capital expenditure (capex) of approximately IDR 2 trillion for 2024.
Ifishdeco to keep supporting a struggling subsidiary with IDR 6.4 billion capital
01 Mar 2024 14:30
PT Ifishdeco Tbk (IFSH), a nickel mining company with total land concession of over 3 thousand hectares, has channelled extra capital of IDR 6.4 billion to its subsidiary, PT Patrindo Jaya Makmur (PJM).
Two issuers welcome Trukindo Persada as a new investor
01 Mar 2024 11:32
PT Trukindo Persada Sejahtera acquired 208.98 million shares of cosmetics and home equipment manufacturer PT Estee Gold Feet Tbk (EURO) and 108.91 million shares of sector consulting services issuer mining and energy PT Sumber Energi Andalan Tbk (ITMA) on Wednesday, February 28. This made PT Trukindo Persada Sejahtera a new investor in these two issuers. It currently holds 8.2% of EURO through purchases conducted by PT Lotus Andalan Sekuritas and PT KB Valbury Sekuritas. In addition, this investor bought shares through five different securities firms, giving him control over 10.9% of ITMA.