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The net foreign opens positive in February with 422 million shares

03 Feb 2023 09:41

The performance of foreign trade on Wednesday, February 1, was quite optimistic, as it closed positively with 422,191,300 shares. Foreign investors purchased 2.35 billion shares, while the volume sold was not even 2 billion, roughly 1.92 billion shares. PT GoTo Gojek Tokopedia Tbk (GOTO) shares were once again the ones with the most foreign purchases, 656.57 million, as well as the highest net volume, 268.06 million shares.

The net foreign opens positive in February with 422 million shares

Syndicate to grant FREN IDR 7.5 trillion loan

03 Feb 2023 09:23

A syndicate of banks has granted a facility to PT Smartfren Telecom Tbk (FREN) with a credit limit of IDR 7.2 trillion.

Syndicate to grant FREN IDR 7.5 trillion loan

Bintang Mitra Semestaraya acquires a 5% stake in Batavia Presperindo Trans

03 Feb 2023 09:17

Following the successful acquisition by PT Oscamas the day before, another new investor entered transportation issuer PT Batavia Prosperindo Trans Tbk (BPTR) on Monday, January 30. PT Bintang Mitra Semestaraya Tbk has acquired 164,884,300 BPTR shares, giving it a 5.01% stake.

Bintang Mitra Semestaraya acquires a 5% stake in Batavia Presperindo Trans

License got revoked, IBFN to shift to trading

03 Feb 2023 09:06

PT Intan Baru Prana Tbk (IBFN) has officially changed its business direction from a financing venture to a trading company and commercial transportation equipment provider, following the revocation of its business license as a financing company.

License got revoked, IBFN to shift to trading

KRAS to channel IDR 3.24 trillion to subsidiaries

03 Feb 2023 08:47

PT Krakatau Sarana Infrastruktur (KSI), a subsidiary of PT Krakatau Steel (Persero) Tbk (KRAS), had reportedly made a divestment worth IDR 3.24 trillion in two of its subsidiaries and transferred the portion to PT Chandra Asri Petrochemical Tbk (TPIA).

KRAS to channel IDR 3.24 trillion to subsidiaries

GOTO’s shares rose 11 points

03 Feb 2023 06:19

PT Gojek Tokopedia Tbk (GOTO) recorded 11 points increment in its shares during the closing of the daily trading session in the stock exchange yesterday (2/2).

GOTO’s shares rose 11 points

Ciemas Gold Project aims for 500 tpd production in July 2023

03 Feb 2023 05:45

PT Wilton Makmur Indonesia Tbk (SQMI) projects gold production from Ciemas Gold Project mining facility to reach 500 tons per day (tpd) in July 2023.

Ciemas Gold Project aims for 500 tpd production in July 2023

Branching out to rentals, Astra and Toyota join hands

02 Feb 2023 23:07

PT Astra International Tbk (ASII) has formed a partnership with Toyota Motor Corporation to establish a joint venture (JV) called PT Mobilitas Digital Indonesia (MDI).

Branching out to rentals, Astra and Toyota join hands

Offering bonds, TBS Energi Utama eyes IDR 500 billion

02 Feb 2023 22:15

PT TBS Energi Utama Tbk (TOBA) will issue Bonds I of TBS Energi Utama Year 2023 with a total principal of IDR 500 billion and the highest coupon of 10.25%.

Offering bonds, TBS Energi Utama eyes IDR 500 billion

OCBC scored 14.35% revenue growth

02 Feb 2023 14:39

PT Bank OCBC NISP Tbk (NISP) managed to report a 14.35% year-on-year (yoy) increase in its net interest and sharia income, arriving at IDR 8.74 trillion in 2022 from IDR 7.64 trillion in 2021.

OCBC scored 14.35% revenue growth