May 9, 2016 | Industries, Market, News Group
Today, trading at IDX resumes. The market closed on Thursday and Friday last week due to public holidays. The composite index of the Indonesia Stock Exchange (IDX) gained 0.2% to close at 4,822 Wednesday last week (May 4), but regained from its lowest at 4765. Asian...
May 4, 2016 | Industries, Market, News Group
State construction firm PT Waskita Karya Tbk (WSKT) made the biggest growth in revenues among its peers for the first quarter (Q1) of 2016. Its revenues jumped 137% to Rp3.32 trillion and operating profit surged 292% to Rp384 billion. The company booked profit...
May 4, 2016 | Industries, Market, News Group
Indonesia’s economy is expected to grow by 5.1-5.2% in the first quarter (Q1) of 2016 on the back of positive economic indicators. The Indonesian Economic Planning Agency (Bappenas) noted that the cement sales, retail sales, and automotive sales were growing...
May 4, 2016 | Industries, Market, News Group
The stock market will close trading Thursday and Friday this week in observance of public holidays. So today, trading in stocks is expected to be flat. Asian markets open on the back foot, after U.S. stocks fell overnight amid renewed global growth concerns and as oil...
May 3, 2016 | Industries, Market, News Group
ICT retailer PT Erajaya Swasembada Tbk (ERAA) reported a 13.8% drop in profit attibutable to equity, to Rp61 billion in the first quarter (Q1) of 2016, while its peer PT TiPhone Tbk (TELE) reported a 30% growth in profit to Rp111 billion. Both companies posted...
May 3, 2016 | Industries, Market, News Group
On Monday (May 2), the Central Statistics Bureau (BPS) reported that Indonesia had recorded 0.45% deflation in April 2016 month-to-month (m/m). Traditionally, Indonesia experiences deflation in April as food prices ease due to the harvest season. This year, however,...
May 3, 2016 | Industries, Market, News Group
The Central Statistics Bureau (BPS) reported Monday (May 2) that the production of the manufacturing industry declined 1.34% in the first quarter of 2016, compared to previous quarter. Tobacco processing industry posted a 9.9% drop in contribution. The contribution...
May 3, 2016 | Industries, Market
PT Sumber Alfaria Trijaya (AMRT) Tbk, operator of convenience stores Alfamart, reported yet another strong performance in the first quarter of 2016, when its sales revenue expanded 22% to Rp12.27 trillion, while Matahari Putra Prima (MPPA), which operates hypermarket...
May 2, 2016 | Industries, Market
Property developers reported mixed results for the first quarter (Q1) of 2016 period. PT Agung Podomoro Land Tbk (APLN) reported a 7.8% growth in net profit attributable to equity of Rp110 billion for the period with revenues up 19% to Rp1.18 trillion. PT Alam Sutera...
