Day: August 2, 2024

Peculiar cases of Siloam and Mayapada hospitals

Aug 2, 2024 |

Shares of Siloam Hospitals (SILO), considered the largest in private sector, opened slightly higher by 0.7% to Rp2,730 this morning even when the company, controlled by Riady Family’s Lippo Group, reported uncharacteristic 37.6% fall of net profit in the first half of 2024. Mayapada Hospital, meanwhile, currently has market value slightly below Siloam, but more than 14 times equity. Siloam and Mayapada are hospitals controlled by two politically-wired business families in the country.

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tutuplapak.com (2)

Aug 2, 2024 |

Whoever followed recommendation from JP Morgan to buy bukalapak.com (BUKA) shares in early 2022 or early this year should have recorded huge ‘unrealised loss’ by now. In early 2022, when BUKA was traded around Rp470, JP Morgan came up with a ‘target price’ of Rp1,000. On Thursday (Aug 1), three years after the decorated initial public offering (IPO), BUKA ended at Rp118.

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Recovery of tourism

Aug 2, 2024 |

Indonesia welcomed 1.17 million visits of foreigners in June, which increased by 2.06% compared to May 2024. It means that the country has welcomed 6.41 million visits in the six months of 2024, an increase of 21.02% from the corresponding period last year. The total number of foreign tourist visits during this period was the highest since the Covid-19 pandemic in 2020.

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PDIP-PKB Axis (2)

Aug 2, 2024 |

In a previous article, we’ve talked about the importance of monitoring a potential coalition between PDIP and PKB in this year’s simultaneous regional elections. Today, we’ve seen PDIP and PKB indeed formed a joint special team to discuss a coalition between the two parties in the gubernatorial elections in some major provinces.

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Jakarta Election: Anies-Ahok Rematch?

Aug 2, 2024 |

It looks like we might see a rematch between Anies Baswedan and Basuki Tjahaja Purnama a.k.a Ahok in this year’s Jakarta gubernatorial election. As mentioned in earlier articles, the existing rules are not compatible for an Anies-Ahok pairing. PDIP is reportedly in talks with PKB to form an axis for endorsing Ahok and pairing him with Ida Fauziah to challenge Anies.

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