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Foreign selling volume surpasses 4 billion shares, net foreign volume drops to -1.13 billion shares

13 Jun 2024 17:37

Share sales by foreign investors on Tuesday, June 11, resulted in foreign selling volume reaching 4.06 billion shares. In addition, foreign investors also carried out share purchase transactions and recorded a foreign purchase volume of 2.93 billion shares. This huge disparity caused net foreign volume to drop to -1.13 billion shares. The digital company PT GoTo Gojek Tokopedia Tbk (GOTO) is still ranked #1 on the top sell list, having sold 2.22 billion shares for a net volume of -762.99 million.

Foreign selling volume surpasses 4 billion shares, net foreign volume drops to -1.13 billion shares

Reliancever Holdings invest in two MNC Group issuers

13 Jun 2024 17:32

After becoming a new PT MNC Kapital (BCAP) investor, Reliancever Holdings Inc. entered two other MNC Group issuers on Friday, June 7. First, this foreign investor bought 9.16 billion shares of the issuer, which operates in the office space rental sector, PT MNC Land Tbk (KPIG), which accounted for around 9.39% of the shares. Furthermore, approximately 5.79 billion shares of PT MNC Asia Holding Tbk (BHIT), a holding company in the investment sector, were purchased, resulting in 6.74% ownership. Even so, Reliance decided to sell approximately 96.19 million shares of financial services company BACP this time. All transactions were conducted through PT MNC Sekuritas.

Reliancever Holdings invest in two MNC Group issuers

Investor: OJK and IDX failed to exercise optimum supervision towards TIFA

13 Jun 2024 16:15

Retail investors highlighted OJK and the stock exchange authority’s lack of effort in protecting investors towards PT KDB Tifa Finance Tbk (TIFA) with its free float rate of only 0.35% and the lack of dividend distribution in the past 5 years.

Investor: OJK and IDX failed to exercise optimum supervision towards TIFA

SCCO saw 103% surge in dividend

13 Jun 2024 16:01

The dividend of PT Supreme Cable Manufacturing & Commerce Tbk (SCCO) soared 103% to IDR 61.67 billion for the fiscal year (FY) 2023 although the profit slightly declined from 2022.

SCCO saw 103% surge in dividend

Cipta Perdana Lancar to hold IPO, offer 25% shares

13 Jun 2024 15:22

PT Cipta Perdana Lancar Tbk (PART), a spare part and automotive component manufacturer, will issue 680 million of its shares in Indonesia Stock Exchange (IDX) through an initial public offering (IPO).

Cipta Perdana Lancar to hold IPO, offer 25% shares

GOTO reported the furthest drop among BUKA and BELI

13 Jun 2024 15:12

PT GoTo Gojek Tokopedia Tbk (GOTO), the managing company of Gojek platform, reported the most significant drop amongst two of its competitors in e-commerce application industry.

GOTO reported the furthest drop among BUKA and BELI

Expanding all business lines, Moratelindo to set up capex of IDR 1 trillion

13 Jun 2024 14:49

PT Mora Telematika Indonesia Tbk (MORA), more popularly known as Moratelindo, is budgeting capital expenditure (capex) worth IDR 1 trillion for 2024.

Expanding all business lines, Moratelindo to set up capex of IDR 1 trillion

GOTO denies terminating 80% of Tokopedia’s services

13 Jun 2024 13:41

PT GoTo Gojek Tokopedia Tbk (GOTO) denies the information regarding the company’s plan to stop up to 80% of Tokopedia’s service, its e-commerce platform, in the near future.

GOTO denies terminating 80% of Tokopedia’s services

RMKE net profit declines 64.48% in first quarter

13 Jun 2024 12:43

PT RMK Energy Tbk (RMKE), an issuer providing coal transportation services, only posted a net profit of IDR 44.58 billion in the first quarter (Q1) 2024. This profit decreased by 64.48% year-on-year (yoy) or from the same quarter last year.

RMKE net profit declines 64.48% in first quarter

Salim Group to acquire land of 18,290 Ha in Padalarang

13 Jun 2024 10:51

PT Inti Cakrawala Citra (ICC), a Salim Group company, is acquiring a land of 18,290 hectares (Ha) for IDR 80 billion in Padalarang, West Java, from PT Falmaco Nonwoven Industri Tbk (FLMC).

Salim Group to acquire land of 18,290 Ha in Padalarang