Shares of Pantai Indah Kapuk Dua (PANI), developer of PIK-2 township in North Jakarta, jumped by 12.24% to Rp6,650 on Tuesday (Aug 27) to make a market capitalisation of Rp112.3 trillion, more than four times the value of Bumi Serpong Damai (BSDE), developer of BSD City in Tangerang, Banten Province.
Read MorePretty much as predicted, PDIP will nominate Tri Rismaharini, who is familiarly known as Risma, as governor candidate to challenge the incumbent Governor Khofifah Indar Parawansa in this year’s East Java gubernatorial election. PKB, meanwhile, will also nominate its own cadre as governor candidate that will make the East Java gubernatorial election this year into a three-horse race.
Read MoreLukman Edy, former secretary general of PKB, sued the result of the latest Muktamar (chairmanship congress) of PKB in Bali, in which Muhaimin Iskandar won his reelection, at the Ministry of Law & Human Rights and he asked the Ministry not to legalize Muhaimin’s leadership. Lukman, who is also former Minister of Disadvantaged Region under the administration of the sixth President Susilo Bambang Yudhoyono (SBY), said that the Nahdlatul Ulama’s Central Board (PBNU) will continue the preparation to hold another chairmanship congress of PKB in Jakarta next week.
Read MoreShares of Adaro Energy (ADRO) have gained more than 40% in the past six months to trade at Rp3,520 on Tuesday (Aug 27), but the company was still valued less than equity and traded with PE multiple 4.5 on annualised earnings in the first half.
Read MoreShares of state nickel firm Vale Indonesia (INCO) faces a 1.05% loss to Rp3,770 to make market capitalization of Rp39.73 trillion. Vale, an established nickel player in Indonesia, is valued smaller that Harita Nickel (Rp59.31 trillion) and new player Merdeka Battery Materials/MBMA (Rp58.31 trillion).
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