Day: January 29, 2024

Oil Settles at 8-Week High

WTI crude futures rose to $78 per barrel on Friday, marking a second consecutive week of gains and reaching the highest point in almost two months. This upswing was attributed to positive U.S. economic growth, indications of...

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Jokowi’s Meeting with AHY

President Joko “Jokowi” Widodo held a meeting with the Chairman of Democratic Party Agus Harimurti Yudhoyono (AHY), who is the eldest son of Jokowi’s predecessor Susilo Bambang Yudhoyono SBY), in Yogyakarta over the weekend. The...

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Recovery of GOTO: Sustainability?

Shares of technology firm GoTo Gojek Tokopedia (GOTO) declined 2.38% to Rp82 on Friday last week (January 26), to market capitalization of Rp98.52 trillion. The stock has fallen 5.7% this month, and losing 75.7% from its initial public offering (IPO) price of Rp338.

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The undervalued BNI

Shares of state-owned Bank Negara Indonesia (BBNI) or BNI ended slightly higher by 0.46% to Rp5,425 last Friday (Dec 26) when the company reported net profit of Rp20.9 trillion in 2023, a growth of 14.2% from the previous year. Compared to peers, major banks, BNI is considered undervalued.

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