As predicted, composite index (IHSG) opened lower by 2.5% this morning due to correction in commodities-related stocks and the manipulated stocks. Some try to defend the inflated/manipulated stocks with share buyback program. Chandra Asri (TPIA), for example, set aside Rp2 trillion for the buyback, but at the same time issuing Rp2 trillion bonds. To subscribe please click here
