Danny Nugroho is another exception

Shares of Capital Financial Indonesia (CASA), controlled by Danny Nugroho, ended lower by 0.37% to Rp1,330 on Thursday (Apr 2). That means the stock declined only by 15.3% since late January, while other junk stocks have retreated by more than 50%.  At the last quoted...

Mass (quiet) layoffs (17)

Financial report of state steel manufacturer PT Krakatau Steel Tbk (KRAS) pointed to ‘dismissal’ of 815 workers or 20% of the company’s total workforce last year as the company struggled with squeezed margins.  Ceramic manufacturer Keramika Indonesia Asosiasi (KIAS),...

Inside cigarette excise cartel

The latest investigation by the Corruption Eradication Commission (KPK) into alleged bribery within the Directorate General of Customs and Excise is not merely another corruption case. It is a window into a deeper, more troubling reality: the possibility of a...

When AI steals your identity

The artificial intelligence race has entered a new and unsettling phase. It is no longer about who can generate the most accurate text or solve the most complex problems. It is about who can sound the most human—and increasingly, who can sound exactly like you. The...

Krakatau Steel yet to see the light

State-owned steel manufacturer Krakatau Steel (KRAS) recorded net profit of US$325.5 million last year against loss of US$155 million in 2024, but that was attributable to non-cash gain from debt restructuring. The company’s operations actually worsened. Krakatau...

Masela Block: Talk the Talk

President Prabowo Subianto reportedly witnessed the signing of over US$22 billion worth of investments from Japan in his recent State visit, but US$21.9 billion of them is ‘commitment’ from Inpex Corporation to develop the long-delayed Abadi LNG project in Masela...

From maps to markets

Terralogiq promote artificial intelligence and geospatial data as the future of business expansion, the narrative is compelling: smarter decisions, lower risks and precision down to the last meter. But this story is not just about technology. It is about...

The undervalued Kalbe Farma

Shares of Kalbe Farma (KLBF), the largest pharmaceutical company listed on the Indonesia Stock Exchange (IDX), ended higher by 3.2% to Rp970 Tuesday (Mar 31). At the last quoted price, however, Kalbe Farma was traded with PE multiple 12 only, way below market average....

Gudang Garam’s ‘layoffs’

Shares of Gudang Garam (GGRM), the second largest cigarette producer behind HM Sampoerna (HMSP), ended higher by 3.1% Tuesday (Mar 31) as the company reported 59% jump in net profit to Rp1.56 trillion last year.  GGRM was last traded with PE multiple 17.4, on par with...
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