May 2, 2016 | Industries, Market
The Financial Services Authority (OJK) will issue a new regulation for bank with regards to the opening of new office network. while ruling on the core capital allocation for banks that focuses on improving cost efficiency. This would hopefully lead into a cut in loan...
May 2, 2016 | Industries, Market, News Group
Asia markets took “sell in May” sentiment to heart on Monday, with the Japanese benchmark index tumbling as much as 4% and Australian shares taking a hit from a bank sell-off, Cnbc.com reported. The composite index of the Indonesia Stock Exchange (IDX)...
May 2, 2016 | Industries, Market
Shares of Media Nusantara Citra (MNCN), controlled by businessman and politician Hary Tanoesoedibjo, have gained nearly 100% in the past three months, mainly due to MNCN’s purchase of its own shares. Like last year, MNCN’s advertising revenue was flat in,...
May 2, 2016 | Industries, Market
State-owned steel producer Krakatau Steel (KRAS) is among the best performing stocks with 115% gain year-to-date despite continuous pressures in steel industry worldwide. Krakatau Steel booked net loss of US$59.8 million in the first quarter of 2016, expanded by 41.4%...
May 1, 2016 | Industries, Market
Telecommunication operator SmartFren (FREN), controlled by Sinarmas Group, reported net loss of Rp266 billion in the first quarter of 2016. It is less than half of losses booked in the corresponding period of 2015, but mainly because of huge non-cash gain in foreign...
Apr 30, 2016 | Industries, Market
PT Blue Bird Tbk (BIRD), the largest conventional taxi operator, booked net profit of Rp138.3 billion in the first quarter of 2016, crashed 38% from the corresponding period of 2015. Second largest operator, Express Transindo (TAXI), was forced to record net loss of...
Apr 29, 2016 | Industries, Market
PT MNC Sky Vision (MSKY) Tbk, pay TV operator owned by Hary Tanoesoedibjo’s MNC Group, posted net profit of Rp121.3 billion in the first quarter of 2016 against loss of Rp130 billion in the corresponding period of 2015, but mostly due to Rp156 billion non-cash...
Apr 29, 2016 | Industries, Market
Gudang Garam (GGRM), the second largest cigarette producer in Indonesia, posted net profit of Rp1.69 trillion in the first quarter of 2016, an increase of 32.1% from the corresponding period of 2015. HM Sampoerna (HMSP), market leader, meanwhile, reported net profit...
Apr 29, 2016 | Industries, Market
Indofood Sukses Makmur (INDF), one of the largest business groups in Indonesia, recorded net profit of Rp1.09 trillion in the first quarter of 2015, an increase of 24.8% from the corresponding period of 2015, mostly due to improvement in margins of consumer branded...
