Shares of paint manufacturer Avia Avian (AVIA) ended lower by 0.81% to Rp490 on Monday (Oct 31) to make a market capitalization of Rp30.4 trillion, way below the initial public offering (IPO) price two years ago (Rp930) and ‘recommendations’ from some brokerage firms.

Shares of Adaro Minerals (ADMR), one of the largest high-calorie coal miners in the country, ended higher by 1.83% to make a market capitalization of Rp45.6 trillion on Monday (Oct 31). Petrindo Jaya (CUAN), a substantially smaller medium-high calorie coal miner controlled by tycoon Prajogo Pangestu, meanwhile, surged 16.33% to make a market cap of Rp58.5 trillion. 

Shares of state miner Aneka Tambang (ANTM), or Antam, ended flat at Rp1,725 on Monday (Oct 31) to make a market capitalization of Rp41.5 trillion, substantially smaller than Harita Nickel (NCKL, Rp61.8 trillion). Antam’s value was weighed by low-margin businesses of gold and bauxite-margin.

Shares of technology firm GoTo Gojek Tokopedia (GOTO) was traded flat at Rp56 per share on Monday (October 30), to make market capitalization of Rp60.47 trillion, nearly only half of its equity (Rp116 trillion) even when the Company reported an improved earnings in the third quarter (Q3) of 2023. The stock has fallen 41% so far this year (year to date).

Nickel producer Vale Indonesia (INCO) booked net profit of US$52.6 million in the third quarter (Q3) of 2023, declined 25.7% from previous quarter (US$70.36 million), as operating profit fell 25.3% to US$59.4 million.

Shares of state gas distribution and transmission company Perusahan Gas Negara (PGAS) ended slightly higher by 0.75% to Rp1,335 on Friday (Oct 27) when the company announced 36% fall in net profit for the first nine months of 2023 due to squeezed margins. PGAS,...

Shares of Pertamina Geothermal Energy (PGEO) ended higher by 3.04% on Friday (Oct 30) as investors responded positively the company’s performance in the first nine months of 2023. Still, the company was worth slightly less than one-tenth of Barito Renewables (Rp543 trillion). 

Shares of BankJago (ARTO), claimed itself as a digital bank, moved flat around Rp1600 this morning to make a market capitalization of Rp22 trillion, more than twice its equity (Rp8.33 trillion), as the bank posted a weaker earning in the third quarter.

Shares of e-commerce player bukalapak.com (BUKA) ended lower by 1% Thursday (Oct 26) on broad market sentiment against tech stocks worldwide. Today, the stock’s movement might be more influenced by the release of the company’s financial results in the first nine months of 2023, where it posted net loss of Rp776.2 billion against net ‘profit’ of Rp3.62 trillion in the same period last year.

Shares of plantation firm Triputra Agro Persada (TAPG), owned by tycoon TP Rahmat, ended higher by 2.8% on Thursday (Oct 26) as investors responded positively the company’s performance in the first nine months of 2023.