First Half Results

Composite index of Indonesia Stock Exchange (IDX) opened higher by 0.44% this morning on broad market sentiment and first half results of companies. Multi Bintang Indonesia (MLBI), market leader for beers, reported flat sales growth and significant drop in net profit. Bottled water producer CLEO, on the other hand, posted significantly stronger performance.

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Big Groups in Financial & Technology Ventures (3): Astra

Astra International (ASII) is one of the largest business groups in Indonesia with diversified interest in agriculture, automotive, banking, micro and consumer financing, heavy equipment, property, construction, mining, toll road, water infrastructure, port, and information technology (ICT). Like other major business groups, Astra has actually invested significantly in e-commerce in the past few years.

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