Corporate Actions

Astra International (ASII) will boost its capital expenditure (capex) to Rp30 trillion from Rp29 trillion to expand its business. Relating to acquisition over Martabe gold mine in North Sumatera by its unit United Tractor (UNTR), the Company said that the purchase of mining concession needed around $1.2 billion.

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First Half Results & The Market

Composite index of Indonesia Stock Exchange (IDX) finally returned to above 6,000 this morning, lifted by positive sentiment from first half results of companies. Tire manufacturer Goodyear, steel pipe producer Citra Tubindo, ICT distributor Metrodata, and mining company Kapuas Prima Coal reported significantly stronger performance in the period.

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