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Market Snapshots
Composite index of Indonesia Stock Exchange (IDX) rebounds this morning while peers in the region were mixed. Nikkei 225 regained grounds, but Australia's All Ordinaries lost further. Lippo Group-related stocks continued their rallies, led by another 15% gain at Gowa Makassar Tourism Development (GMTD) and almost 3% gain at Nationalnobu Bank. ,Last Updated ( Fri, 24 May 2013)
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| Growing Volatility: Prelude to a Crash?
Composite index of Indonesia Stock Exchange (IDX) slipped only 0.2% this morning, while peers dropped substantially. Hang Seng leads with 1.7% fall, while All Ordinaries down 1.6%. Singapore's STI also down 0.45%, while KOSPI fell 0.64%. (Thu, 23 May 2013)
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| Market Snapshots
Composite index of Indonesia Stock Exchange (IDX) opened lower to tracking peers in the region this morning. Blue chip stocks were mixed with Media Nusantara Citra (MNCN) lost 5.56% in the opening hour, but Surya Citra Media advanced 4%. Energy related stocks were also mixed with Bumi Resources continued its rally, while Indo Tambangraya lost another 2.4%. (Thu, 23 May 2013)
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| More Articles |
| • Market Snapshots | Stock Market | Opened higher, composite index of Indonesia Stock Exchange (IDX) is losing steam. It gains only 0.07% 30 minutes into trading. Consumer, cement, and property stocks supported the index from further corrections. In this report: (1) Semen Indonesia, (2) Unilever Indonesia, (3) Cardig Aero, (4) Krakatau STeel, (5) Panorama, and (6) New Equities (Mitra Pinasthika and Acset Indonesia). | |
| • Lippo Group Stocks: On Their Own | Stock Market | Pretty much as predicted, Bank Nationalnobu gained 41% in less than two days of trading on Indonesia Stock Exchange (IDX). It is now more valuable than Bank Central Asia (BCA), because it is traded 8.5 times equity as of December 2012. That also boosted Lippo Group's overall standing to Rp103.5 trillion group. | |
| • Market Snapshots | Stock Market | Consumers, retailers, and property shares continue to take composite index of Indonesia Stock Exchange (IDX) to record high this morning. In this report: (1) Kalbe Farma, (2) Sritex IPO, (3) Adira Finance, (4) BTPN bonds, (5) Aneka Tambang, and (6) Suparma Expansion. | |
| • MNCN & Financial Assets | Stock Market | Shares of Media Nusantara Citra (MNCN), parent of popular broadcasting brands RCTI, GlobalTV, and MNC TV, advanced further to Rp3625 this morning. At this price, the company controlled by Hanura politician Harry Tanoesoedibjo has market capitalization of Rp50.6 trillion (US$5.2 billion), more than three times of Bakrie Group's Bumi Resources (BUMI). | |
| • IPO to Watch: Acset Indonusa | Stock Market | Construction companies might not be as profitable as property companies in terms of net profit margin. Construction giant Wijaya Karya (WIKA), for example, only reported net profit margin of 6% in the first quarter of 2013, but with annualized ROE of 21% WIKA is now valued 5.3 times equity. Will Acset Indonusa be there? | |
| • ARPENI & Auditor's Lengthy Note | Stock Market | The troubled shipping company Arpeni Pratama Ocean Line (APOL) booked net loss of Rp721 billion last year, dropped 65% from 2011 because of smaller finance costs and extremely high financial income from debt restructuring. The company, however, has recently decided to replace its auditor. Why? | |
| • Market Snapshots | Stock Market | Crude oil hovers around US$96/barrel, while crude palm oil (CPO) has rallied to above RM$2300/ton in the past few trading days. Time for portfolio shifting and revisiting resources stocks? In this report: XL Axiata, TPS Food, Centrin Online, etc. | |
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