Shares of Alfamart (AMRT) opened lower by 0.7% to Rp2,820 this morning despite strong performance in the first half of 2024. The stock, considered overvalued by some, has been relatively flat in the past 12 months.
Read MoreShares of paint manufacturer Avia Avian (AVIA) recovered 0.42% to Rp482 on Wednesday (Jul 31) as some investors responded positively the company’s financial performance in the first half of 2024, while others were not convinced because of relatively weaker second quarter.
Read MoreThe tension continues to flare up between the National Awakening Party (PKB) led by Muhaimin Iskandar and the Nahdlatul Ulama’s Central Board (PBNU) led by Yahya Cholil Staquf a.k.a Gus Yahya following the establishment of the House’s Special Committee for investigating the implementation of hajj in 2024, locally known as Pansus Haji. Will the tension continue until the upcoming chairmanship congress of PKB that will be held soon this year?
Read MorePT Barito Renewables Tbk (BREN), the second largest company on the Indonesia Stock Exchange (IDX) by market capitalisation, has released its first half 2024 financial results. No surprises. BREN reported flat growth of net profit to US$57.95 million while sales revenues declined slightly to US$290.1 million.
Read MoreMedia outlets reported a rumor that the outgoing President Jokowi, who has less than three months in office,will make another round of cabinet reshuffle soon. It is said that the President will replace Arifin Tasrif, the Minister of Energy & Mineral Resources (ESDM), with Bahlil Lahadalia, who is now the Minister of Investment/the Head of the Investment Coordinating Board (BKPM).
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