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Net foreign volume recorded surplus of 173.28 million shares

30 Apr 2024 18:13

After being in the red zone consecutively, net foreign volume on Monday, April 29, reported a surplus of 173.28 million shares. This figure reflected a larger foreign buying volume of 3.40 billion shares versus a foreign selling volume of approximately 3.22 billion shares. The list of share purchase transactions then begins with the acquisition of 139.68 million shares of PT Bumi Resources Tbk (BUMI) in the coal mining industry for a net volume of 67.05 million shares.

Net foreign volume recorded surplus of 173.28 million shares

Revenue soared 12.3%, MTDL’s profit stagnated

30 Apr 2024 18:11

PT Metrodata Electronics Tbk (MTDL), a company engaged in the information and communication technology (ICT) sector, reported revenue of IDR 5.1 trillion at the end of the first quarter (Q1) of 2024.

Revenue soared 12.3%, MTDL’s profit stagnated

Adding 4.71 billion shares, Rejuve Global's stake in Pyridam Farma skyrocketed to 78%

30 Apr 2024 18:07

After previously acquiring 44% of the shares in the pharmaceutical company PT Pyridam Farma Tbk (PYFA), the acquisition of Rejuve Global Investment Pte Ltd. continued. On Friday, April 26, this foreign investor added 4.71 billion PYFA shares, increasing its stake from 44.04% to 78.79%. On the other hand, PT Aldiracita Sekuritas Indonesia sold 332.64 million PYFA shares, reducing its ownership from 8.01% to 5.98%.

Adding 4.71 billion shares, Rejuve Global's stake in Pyridam Farma skyrocketed to 78%

ELSA booked net profit of IDR 183 billion in Q1

30 Apr 2024 15:59

Although the revenue of PT Elnusa Tbk (ELSA) was seen declining in Q1 2024 compared to the same period in 2023, its profit skyrocketed 59.41% year-on-year (yoy).

ELSA booked net profit of IDR 183 billion in Q1

Roket Cipta Sentosa becomes Cardig Aero (CASS) controller after purchasing more than 1 billion shares

30 Apr 2024 14:46

On Thursday, April 25, PT Cardig Aero Services Tbk (CASS) welcomed PT Roket Cipta Sentosa as a new investor and controlling shareholder. Without hesitation, this investor purchased 1.06 billion shares of the holding company that supports airport service, acquiring 51% ownership. This transaction was handled by PT Trimegah Sekuritas Indonesia Tbk. In contrast, another CASS investor, SATS Ltd., S/A Cemerlang Pte. Ltd., reduced its ownership. This investor sold approximately 205.63 million shares, reducing its stake to around 10.15%.

Roket Cipta Sentosa becomes Cardig Aero (CASS) controller after purchasing more than 1 billion shares

DSNG secured profit of IDR 229 billion

30 Apr 2024 14:06

As of Q1 2024, PT Dharma Satya Nusantara Tbk (DSNG) managed to score IDR 229 billion of net profit, while sales clocked up to IDR 2.23 trillion.

DSNG secured profit of IDR 229 billion

TOBA and PLN NP’s subsidiaries to form a JV

30 Apr 2024 13:00

PT Batam Tirta Surya (BTS) and PT PLN Nusantara Renewables (PLN NR) will form a joint venture engaged in the renewable energy sector.

TOBA and PLN NP’s subsidiaries to form a JV

Remala Abadi to set IPO price of IDR 188 per share

30 Apr 2024 11:00

PT Remala Abadi Tbk (DATA), an internet service provider (ISP) and IT consultant company, has set the price for its initial public offering (IPO) to IDR 188 per share.

Remala Abadi to set IPO price of IDR 188 per share

Going strong, Cinema XXI reported over 700% growth in Q1 2024 profit

30 Apr 2024 10:52

PT Nusantara Sejahtera Raya Tbk (CNMA), the managing company of Cinema XXI theatre network, reported fantastic growth in Q1 2024’s net profit, reaching 701.7% year-on-year (yoy).

Going strong, Cinema XXI reported over 700% growth in Q1 2024 profit

Profit declined, TOBA to abstain from dividend distribution

30 Apr 2024 10:43

The net profit of PT TBS Energi Utama Tbk (TOBA) dropped 86.32% year-on-year (yoy) in 2023 from the same period in 2022.

Profit declined, TOBA to abstain from dividend distribution