Asuransi Simas Net’s Premium Increase 20%
PT Asuransi Simas Net, a subsidiary of PT Sinarmas Multi Artha, Tbk (SMMA IJ), reported its travel insurance premium reached IDR5.2bn, or increased 20% compare to same period last year. Demand insurance still high, will increase Simas Net premium’s customer.
Read More...Red Planet Expand its Hotel Business
PT Red Planet Indonesia, Tbk (PSKT IJ) is acquisition 99.95% stake (worth IDR40bn) in PT Karya Bangun Hotelindo, expected to expand its hotel business in the future. Karya Bangun Hotelindo owns 2,500 m2 of land, and its asset is potentially for Red Planet to build new hotel. After this acquisition, Red Planet and Crio Indonesia.
Read More...Bank CIMB Niaga Targeting ORI up to IDR400Bn
PT Bank CIMB Niaga, Tbk (BNGA IJ) targeting IDR400bn of selling Indonesian Retail Obligation (ORI) with a coupon rate at level 5.85%. The coupon is not too high and below its psychological level 6%. The bond target is addressed to all customers, with its advantages can be sold in the secondary.
Read More...Yanaprima’s Sales Decrease, amidst Market Over Supply
PT Yanaprima Hastapersada, Tbk (YPAS IJ) reported its 1H2017’s sales decrease to IDR133bn, compare to same period last year IDR153bn. Market over supply is still has impact on company’s sales and production capacity. Company also reported lost IDR17bn in.
Read More...Modern International’s Net Loss IDR642Bn
PT Modern International, Tbk (MDRN IJ) reported its net loss IDR642.03bn in 1H2017, compare to same period last year IDR52.43bn. Company’s outlet 7-Eleven, only report revenues IDR196.21bn, compare to same period last year IDR455.27bn, during that.
Read More...Erajaya Responds Positively Xiaomi Product Diversification
PT Erajaya Swasembada, Tbk (ERAA), is a leading retailer and distributor of mobile communication products and services in Indonesia, responds positively about Xiaomi, the Chinese mobile phone manufacturer, product diversification. Xiaomi’s derivative product will be an alternative for consumer choice, amidst Erajaya as the official.
Read More...Bank BTPN Issues Bond Worth IDR1.5Trn
PT Bank Tabungan Pensiun Nasional, Tbk (BTPN IJ), a major player in servicing public sector pensions, issues its Shelf Registered Bond III Tranche II Year 2017 worth IDR1.5trn on Ocotber 10-12, 2017. This shelf registered bond will be issued in two series: the A series 1-year tenor, and the B series 3-years tenor, and has.
Read More...Astra International Distributes its Dividend Interim IDR55 per Share
PT Astra International, Tbk (ASII IJ), a company with strong brand portfolio (which includes Toyota, Daihatsu, Isuzu, BMW, Komatsu, and Honda Motor), will distribute its 2017’s interim dividend worth IDR55 per share. According to company’s statement, the Board of Commissioners has agreed to distribute its fiscal year ending on 31 December 2017’s interim.
Read More...Barito Pacific Acquisitions 5% of Austindo’s Stake
PT Barito Pacific, Tbk (BRPT IJ) acquisitions as many as 2.99 million shares (equivalent to almost 5% stake) from PT Austindo Nusantara Jaya, totaling worth IDR20.11bn. Company signed the Deed of Share Purchase Agreement with George Santosa Tahija as the seller in the amount of 1,000 shares (0.002%) of total issued of PT Darajat Geothermal.
Read More...Jembo Cable Focusing Sell High Margin Product
PT Jembo Cable Company, Tbk (JECC IJ) is focus selling high margin product, such as telecommunication cable, to support its target revenue worth IDR2.43trn in 2017. Another strategy, company will add the distribution network, efficiency and effective of product and operating management, to increase its.
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