Category: Business

Bank Pembangunan Daerah Jawa Barat Dan Banten (BJBR) booked a net profit of Rp924.4 billion in the first half (H1) of 2021, growing 14.3% from Rp808 billion in the corresponding period of 2020. Net interest income rose 19.35% to Rp3.69 trillion, and operating profit grew 22.6% to Rp704 billion. Its other operating expenses also rose 23% to Rp3.2 trillion from the previous Rp2.6 trillion. BJBR’s net interest margin (NIM) increased 6.5% to Rp6.49 trillion. Credit only increased 2.2% to Rp91.6 trillion, while assets reached Rp150.4 trillion. Third-party funds rose 10% to Rp109.56 trillion. The non-performing loan (NPL) ratio was 1.34%.

IT service provider Metrodata Electronics (MTDL) booked a net profit of Rp243 billion in the first half (H1) of 2021, growing 55.6% year on year (y/y), as revenue rose 23.5% to Rp7.66 trillion and operating profit grew 35.6% to Rp426 billion. In the second quarter (Q2) of 2021, Metrodata booked a net profit of Rp121.19 billion, which jumped 96.2% y/y, with revenue growing 35% to Rp3.79 trillion.

Global stock markets mostly ended lower on Tuesday, with United States (US) stock indexes retreating from record highs, led by tech-related stocks. Another rout in Asia triggered by regulatory fears sent shockwaves into Wall Street. Investors also remained cautious as the Federal Reserve (Fed) kicked off its two-day policy meeting, while concerns about the spread of the contagious Delta variant continued to weigh on sentiment. 

United Tractors (UNTR)—a subsidiary of Astra International engaged in construction machinery supply, coal mining contracting, own coal business, power generation, and civil construction—reported a higher sales performance in June 2021, compared to May 2021, led by construction. The mining, forestry, and agriculture segment weakened.

Global stock markets ended mixed on Monday (July 26), with United States (US) stocks finishing in record territory. Investors are bullish about the global economic recovery. They look ahead to a busy week of economic data, earnings reports, and a Federal Reserve (Fed) policy meeting on Wednesday. 

AKR Corporindo (AKRA), the largest distributor of fuel in the private sector, booked a net profit of Rp610 billion in the first half (H1) of 2021, grew 34.9% year on year (y/y), helped by higher sales and revenue, higher operating profit, and lower finance cost, and foreign exchange (forex) gain.

Food and beverages firm Mayora Indah (MYOR) expects to book a net profit of Rp2.14 trillion this year, a 1.9% rise compared to Rp2.09 trillion last year, with sales expected to grow 10.3% year on year (y/y) to Rp26.98 trillion....

E-commerce provider PT Bukalapak.com Tbk (BUKA) has conducted pre offering or book building for its 25.76 billion shares. Said offering was oversubscribed by more than four times or Rp87.6 trillion, reflecting the good appetite...

Global markets gained last week as investors shrugged off concerns about the spread of the contagious Delta variant of the coronavirus to focus instead on prospects of a solid global economic recovery and continued support from...