Tag: RMBA

Stocks to Watch: GIAA & Cigarette

Shares of flag carrier Garuda Indonesia (GIAA) lost 1.9% to Rp206 per share on Tuesday (Sep. 18), and falling 31.8% year to date. The stock made a good start early this year and reached its peak at Rp336 in mid of February, but since then it’s faced a bearish trend.

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Bentoel/BAT Yet to See the Light?

Fourth largest cigarette player PT Bentoel International Tbk (RMBA) booked net loss of Rp538 billion in the first half of 2018, unchanged from the corresponding period of 2017. As a result, the Company’s equity eroded further to Rp8.37 trillion by June 30, 2018. What BAT International will do? Leaving the market?

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Pressures Intensified at BAT International

Fourth-largest cigarette player PT Bentoel International Investama Tbk (RMBA), controlled by BAT International, reported net loss of Rp252.4 billion in the first quarter of 2018, skyrocketed from Rp69 billion in the corresponding period of 2017 as margins squeezed further due to competition and policy pressures.

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