Archives | Analysis by Yosefardi

Day: January 17, 2024

Consolidation in MNC Group

Jan 17, 2024 | Market

Meanwhile shares of Global Mediacom (BMTR) and Media Nusantara Citra (MNCN) gained on Tuesday amid speculation about merger/consolidation of the companies within MNC Group. BMTR gained 4.58% to Rp274 with market capitalization of Rp4.54 trillion, and MNCN gained 9% to Rp410, with market capitalization of Rp6.17 trillion. Other shares within MNCN Group also surged–MNC Sky Vision (MSKY) surged 35% to Rp135 and Bank MNC Internasional (BABP) gained 4.84% to Rp65.

LG controls nickel miner Adhi Kartiko

Jan 17, 2024 | Commodities

Nickel miner Adhi Kartiko Pratama (NICE) has been officially acquired by LX International Corp, previously LG International Corp (South Korea), a trading arm of LG, at price of Rp435 per share or Rp1.59 trillion in total, representing 60% of NICE’s enlarged capital.