Month: July 2024

KPK Leadership Selection: The Candidates (3)

Today, Jul. 31, 236 candidates of the new leaders of the Corruption Eradication Commission (KPK) that earlier passed the administrative verification will undergo a written test. Let’s take a look into some more candidates that are worth highlighting because of their political connections.

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When Cimory = 2x Ultrajaya

Compared to Ultrajaya (ULTJ), Cimory (CMRY) is actually a new player in the dairy industry. CMRY has not been three years in the stock exchange, but its market value is now twice of Ultrajaya, which actually has a strong brand nationwide.

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Revisiting Kalbe Farma

Shares of Kalbe Farma (KLBF), the largest healthcare group in Indonesia, ended higher by 0.32% to Rp1.565 on Tuesday (July 30). The company, controlled by the family of the late Boenjamin Setiawan, was worth Rp73.1 trillion, around 3x equity.

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Hasto Kristiyanto’s Future (2)

The fifth President Megawati Soekarnoputri, who is the matriarch of PDIP, has once again defended Hasto Kristiyanto, the secretary general of PDIP. Hasto, as we all know, is currently facing multiple investigations conducted by the Corruption Eradication Commision (KPK) and the National Police (POLRI).

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GOTO cut losses, but…

Shares of GOTO Gojek ended higher by 1.85% to Rp55 on Tuesday (Jul 30) to make a market capitalisation of Rp66 trillion, nearly twice its equity. It is in the same group with Telkom in terms of equity valuation, but GOTO needs to work harder to justify the valuation (even after losing 84% its value from IPO two years ago).

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