Shares of nickel miner Ifishdeco (IFSH) ended flat at Rp1,210 on Wednesday (Aug 310 to make a market capitalization of Rp2.57 trillion. Ifishdeco, which has ventured into nickel processing/smelting, has lost more than 50% from its peak.
Read MoreShares of nickel miner PAM Mineral (NICL) ended lower by 1.94% to Rp101 on Wednesday (Aug 31) to make a market capitalization of Rp976 billion. Like peers in the industry, PAM Mineral has retreated 25% from peak to follow correction of nickel prices.
Read MoreShares of Indofood Sukses Makmur (INDF) opened significantly lower by 3.46% to Rp6,275 this morning as investors digesting first half performance of the food giant. The company, controlled by Salim Group, booked net profit of Rp2.9 trillion in the first half, dropped significantly from Rp3.4 trillion in the corresponding period last year.
Read MoreShares of cable TV and Internet provider LinkNet (LINK) stay at Rp4,750 to make market capitalization of Rp13.6 trillion, more than twice its equity (Rp5.4 trillion). The last quoted price (Rp4,750) reflected PE multiple 46. Looks very expensive.
Read MoreShares of state construction firm Wijaya Karya (WIKA), main partner of China in the development of Jakarta-Bandung high-speed train (HST), surged 6% to Rp1,065 on Tuesday (Aug 30) to make a market capitalization of Rp9.55 trillion. The stock, however, has lost nearly 28% from its recent peak as investors remained cautious on the company’s outlook.
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