DCII’s data fortress or digital bubble?
PT DCI Indonesia Tbk (DCII) booked Rp616.9 billion in net profit during the first half of 2025—a 106% year-on-year surge. With sky-high margins from its Tier-IV colocation services, DCII’s dominance in Indonesia’s nascent data center economy seems unshakable. But is it?
Food Processors in First Half 2025 (1): Cimory
Shares of dairy and consumer food player Cimory (CMRY) ended higher by 2.4% to Rp4,750 on Monday (Jul 28) as investors responded positively the company’s financial performance in the first half of 2025.
Reality check on Cinema XXI (2)
Shares of Nusantara Sejahtera Raya (CNMA), operator of Cinema XXI, ended substantially lower by 3.97% to Rp145 on Monday (Jul 28) as investors responded negatively the company’s financial performance in the first half of 2025.
Leadership shakeup at Vale Indonesia
Major general (ret) Fauzambi Syahrul Multhazar, known close to President Prabowo Subianto, has on Tuesday (Jul 28) been appointed chairman of nickel producer PT Vale Indonesia Tbk (INCO), which is majority owned by MIND ID (holding company for state mining companies).
Public Concerns over the ‘deal’ with Trump
News about the “reciprocal trade” agreement between Indonesia and the United States of America has not been well received by the general public. Negative comments can be seen everywhere on the internet with people showing concerns that their personal data may now be at risk, as well as poking fun at Prabowo Subianto’s favorite narrative regarding “foreign power” which he often mentioned in his speech.
Key takeaways from the first half
We now have a better understanding about the economy as more companies listed on the Indonesia Stock Exchange (IDX) have issued financial statements for the first half of 2025. From their reports, we learned about workforce situation, purchasing power of the society, domestic investments, and implication of changes in coal market.
Weaker second quarter from BNI
Shares of state bank BNI (BBNI) ended lower by 3.1% to Rp4,090 on Friday (Jul 25) as investors responded negatively the company’s first half financial performance. The bank, fourth largest in Indonesia by total assets, booked net profit of Rp10.1 trillion in the period, declined by 5.6% from the first half of 2024.
Haji Isam’s PGUN
Shares of Pradiksi Gunatama (PGUN), an oil palm producer controlled by the family of Haji Isam, ended substantially higher by 24.5% to Rp915 last Friday (Jul 25). Investors might have anticipated strong financial performance of the company in the first half of 2025.
Krakatau Steel tests Danantara (2)
Shares of state steel manufacturer PT Krakatau Steel Tbk (KRAS) gained 6.7% to Rp320 on Friday (Jul 25). That means the stock has gained more than 100% since the second week of June despite poor bottom line.
Trade or Trap? (2)
In response to growing public scrutiny, Minister of Communication and Digital Affairs Meutya Hafid assured that the Indonesia-U.S. digital agreement only permits cross-border data transfers under narrow conditions. According to her, the deal is “limited, legal, and safe.”