Author: yosefardi.com

Domestic investors opted to buy local stocks on Tuesday (Sept 5), while foreign investors kept selling as they booked another net sell of Rp509.9 billion yesterday. Meanwhile, the rupiah strengthened to Rp13,336 against the U.S. dollar. Year to date, the local currency is stable over the greenback, supported by strong capital inflow amid positive perception over the Indonesian macroeconomic development, higher yield and return, also high corporate foreign exchange (forex) transactions.

CP Prima (CPRO), unfortunately, posted an operating loss of Rp989.57 billion in the second quarter (Q2) of 2017, as it recorded other operating expenses of Rp1 trillion in the period. In Q2 of 2016, CP Prima booked an operating profit of Rp153.2 billion, while operating expenses only reached Rp3.45 billion.

Aiful Corporation, one of the largest consumer financing companies in Japan, escaped bankruptcy eight years ago. In the past few years, the Company strengthened its position in Southeast Asian market through a JV in Thailand. Recently, the Company launched an acquisition of Indonesian company.

Shares of Siloam Hospitals (SILO) finally closed higher by 0.23% only to Rp10,725 on Tuesday (Sept 5) following a plan to issue 325.15 million new shares at Rp9,500 per share to raise around Rp3.09 trillion. This is the second rights issue within 12 months. Last November, SILO issued 144.5 million new shares at Rp9,000 per share to raise Rp1.28 trillion.