The biggest irony of all discussions surrounding nickel industry in Indonesia is the fact that state nickel producer Aneka Tambang (ANTM) has been lagging Chinese companies in adding value to the commodity. Worse, some of its lucrative assets have been handed over to CATL, the world’s largest EV battery manufacturer.
Read MoreHexindo Adiperkasa (HEXA), the sole distributor of Hitachi and John Deere heavy equipment, booked net profit of US$43.85 million in the first nine months (9M) to December of 2023, grew 25.7% year on year (y/y) as sales rose 16.6% y/y to US$478.27 million and operating profit grew 30.4% y/y to US$60.37 million. Sales of heavy equipment reached US$308 million, grew 19.4% y/y.
Read MorePrabowo Subianto, presidential candidate from a big coalition led by his own Gerindra Party, recently gave a speech in a conference called ‘Political Outlook 2024’ on Wednesday (Jan 31), which was organized by Garibaldi ‘Boy’ Thohir’s Trimegah Securities. In his speech, Prabowo stated that he is excited and he wants the election day to come soon because he wants to work as soon as possible. Let’s talk a bit about this statement.
Read MoreShares of Allo Bank Indonesia (BBHI), a digital bank owned by Chairul Tanjung, the Salim group, and Bukalapak.com (BUKA), ended slightly higher Thursday (Feb 1) even when the bank booked net profit of Rp444.57 billion in 2023, jumped by 64.64% year on year (y/y).
Read MoreAfter a week of drama, Mahfud MD has officially resigned from the cabinet on Thursday (Feb. 1). He delivered his resignation letter to President Joko “Jokowi” Widodo during a meeting with the President at the State Palace Jakarta. Let’s talk about some implications that may come from Mahfud’s resignation.
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