Day: January 9, 2024

Palm Oil stays Near MYR 3,700

Malaysian palm oil futures held near MYR 3,700 per tonne, continuing its bullish movement for the third session and escaping from a 10-week low notched last week, amid gains in rival edible oil. Meantime, bets on tightening...

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Prabowo’s Inner Circle (3)

Pretty much as predicted, Prabowo Subianto was asked about the involvement of those within his inner circle in the procurement of the military’s primary weapons system (alutsista) and in the food estate project. Let’s talk about...

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Equity to Watch:  Adhi Kartiko Pratama

One more nickel player in the market. Shares of nickel miner Adhi Kartiko Pratama (NICE) will be listed and traded today (January 9) at price of Rp438 per share. Given downfall of nickel prices in the past few months, the stock is interesting to watch. 

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Corporate Actions: EXCL & SMDR

Telco firm XL Axiata (EXCL) plans to add business in the first quarter (Q1) of this year, expecting its income to increase until 2027 by an average of 13.86%, from mobile advertising and resale services of telecommunications services.

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