UNTR’s profit down 3.75% to IDR 22.13 trillion
27 Feb 2024 16:22
The revenue of PT United Tractors Tbk (UNTR) grew 4.02% year-on-year (yoy), but the profit slowed down 3.75% yoy throughout 2023.
Fibre optic idle, IBST and MORA enter affiliate transaction
27 Feb 2024 16:07
PT Inti Bangun Sejahtera Tbk (IBST) is initiating an affiliate transaction with PT Mora Telematika Indonesia Tbk (MORA) or Moratelindo regarding sale and purchase of fibre optic worth IDR 15.7 billion.
Life insurance premium hit IDR 177.66 trillion in 2023, down 7.1%
27 Feb 2024 15:31
Indonesian Life Insurance Association (AAJI) recorded insurance premium of all industry players reaching IDR 177.66 trillion throughout 2023. This premium income was 7.1% lower than the same period in 2022.
Operating expenses soar, Matahari's net profit slumps 51.2%
27 Feb 2024 14:38
The net profit of PT Matahari Department Store Tbk (LPPF), a retail company owned by the Lippo Group, fell by 51.2% throughout 2023 due to high operating expenses.
Bakrie Kalila Investment released 721 million shares of Energi Mega (ENRG), reducing its stake to 32%
27 Feb 2024 14:28
PT Bakrie Kalila Investment released its ownership of 721.15 million shares of PT Energi Mega Persada Tbk (ENRG), an issuer involved in the exploration and trading of oil and gas, on Friday, February 23. PT Panin Sekuritas Tbk and PT RHB Sekuritas Indonesia were the two securities companies used in the share sale, which resulted in an instant decrease in Bakrie Kalila's ownership percentage from 35.67% to 32.76%.
Citra Borneo Utama secured credit facility of IDR 1 trillion from BRI
27 Feb 2024 13:04
PT Citra Borneo Utama Tbk (CBUT), the issuer engaged in the downstream process of palm refinery sector, has obtained a credit facility from PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) or BRI worth IDR 1 trillion.
Stock dropped 12.21% in a year, Japfa decides on shares buyback of IDR 350 billion
27 Feb 2024 11:20
PT Japfa Comfeed Indonesia Tbk (JPFA), an animal feed and processed food manufacturer, will issue a shares buyback with a budget set to IDR 350 billion.
PCC rules Judicial Release in favour of GIHF
27 Feb 2024 11:03
Paris Commercial Court (PCC) has ruled on the Judicial Release in favour of Garuda Indonesia Holiday France S.AS (GIHF) for the appeal submitted by Greylag Goose Leasing 1410 and 1446 Designated Activity Company (Greylag Entities).
Gov’t claims spot as Vale’s controller, 5 to enter management
27 Feb 2024 10:53
The Indonesian government, through state-owned holding of mining, MIND ID, has signed a sales and purchase agreement (SPA) regarding the 14% divestment of PT Vale Indonesia Tbk (INCO) last Monday (26/2).
Foreign selling volume increases: net foreign volume closed at minus 856.25 million shares
27 Feb 2024 10:19
Foreign investors increased their share-selling activities on Friday, February 23, with a foreign selling volume of 3.26 billion shares sold. Meanwhile, foreign buying volume was only 2.41 billion shares, with net foreign closing at -856.25 million shares. The greatest share sale was done to the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), where foreign investors sold up to 1.32 billion shares for a net volume of -773.89 million shares.
