Shares of Chandra Asri (TPIA), the largest petrochemical company in Indonesia, ended higher by 1.81% on Thursday (Aug 1) even when the company reported net loss of US$47.5 million in the first half of 2024, skyrocketed from loss of less than one million dollars in the corresponding period last year.
Read MoreShares of Bumi Resources (BUMI), the largest coal miner co-owned by two politically connected groups of Salim and Bakrie, ended flat at Rp75 on Thursday (Aug 2) to make a market capitalisation of Rp27.9 trillion, way below its equity (Rp46.8 trillion). Once the largest company on the Indonesia Stock Exchange (IDX) by market cap, BUMI yet to recover its values despite the entry of Salim as partner shareholder.
Read MoreThe largest ICT retailer PT Erajaya Swasembada (ERAA) recorded a net profit of Rp523.6 billion in H1 2024, an increase of 14.2% compared to the same period last year, supported by strong sales revenue growth from higher number of outlets, including those in food and beverages.
Read MoreShares 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.
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