Shares of coal miners opened mostly lower ground this morning as investors anticipate further correction in thermal coal price. The commodity declined by 5.7% to US$123 per ton, the lowest level in the past five months.
Read MoreShares of Amman Mineral Internasional (AMMN), parent of gold and copper miner PT Amman Mineral Nusa Tenggara (AMNT), ended lower by 3.7% to Rp6,500 on Tuesday (Oct 31) as investors digesting financial results in the first nine months of 2023.
Read MoreThe Minister of State-Owned Enterprises (SOEs) Erick Thohir, who is ad-interim coordinating minister for maritime & investment affairs, expressed his support for Prabowo Subianto in the 2024 presidential race. The support from Erick Thohir, whose name dropped in the last minute as running mate of Prabowo to give way to Jokowi’s son Gibran Rakabuming, was expressed when he met with Prabowo at his residence on Tuesday (Oct. 31).
Read MoreIndofood Sukses Makmur (INDF), the largest food company in Indonesia owned by Salim Group, booked profit attributable to owners of Rp7.1 trillion in the first nine months (9M) of 2023, grew 54.3% year on year (y/y), thanks to substantial decline in finance costs.
Read MoreAstra International (ASII) booked profit attributable to owners of Rp25.7 trillion in the first nine months (9M) of 2023, up 10.3% year on year (y/y), as net revenue grew 9% y/y to Rp241 trillion. ASII shares, unfortunately, ended lower by 0.43% to Rp5,775, way below peak in 2017 (nearly Rp9,000).
Read More