Bumi Serpong Damai Booked 50% YoY Marketing Sales Growth
Bumi Serpong Damai, Tbk (BSDE:IJ) booked marketing sales amounting to IDR3.8Trn (+50% YoY) in 1H18, from IDR2.5Trn in 1H17. This amount is equivalent to 52% of FY18 target of IDR7.2Trn. Increase in marketing sales due to improvement in property sales, according to its.
Read More...BRI Agroniaga Plans to Raise IDR2Trn from Rights Issue
BRI Agroniaga, Tbk (AGRO:IJ) is planning to issue 5Bn new shares at nominal price of IDR100/share or equivalent to 27.1% of the company’s paid up capital. Its parent, Bank Rakyat Indonesia, Tbk (BBRI:IJ) plans to exercise its rights up to IDR1Trn at.
Read More...Nippon Indosari to Buyback 10% Shares
Nippon Indosari Corpindo, Tbk (ROTI:IJ) has obtained shareholders approval to buyback 10% of its shares. According to the management, the company has 18 months to realize its buyback plan to maximum 618,648,800 shares to stabilize the company’s stock price and to provide flexibility in managing the company’s long-term.
Read More...Garuda Metalindo Records 50% YoY Export Growth
Garuda Metalindo, Tbk (BOLT:IJ) recorder its export sales to grow by 50% YoY in 1H18 backed by the increase demand in India. The company stated that it just began to penetrate India market in 4Q17 but the rapid growth in India automotive industry supports the demand for the spare parts and the growth in company’s.
Read More...Puradelta Lestari Booked IDR561Bn Marketing Sales
Puradelta Lestari, Tbk (DMAS:IJ) booked IDR561Bn marketing sales in 1H18, equivalent to 48% of FY18 targeted marketing sales of IDR1.25Trn. The company is confident to meet this target on account to high interest in buying industrial land in Greenland International Industrial Center (GIIC) industrial.
Read More...Siam Cement to Acquire 29% Catur Sentosa’s Stake
Siam Cement PCL has signed agreement to acquire Catur Sentosa Adiprana, Tbk (CSAP:IJ) stake to 29%, valuing at IDR1.03Trn. Siam Cement plans to purchase both existing shares and newly issued shares to acquire this stake. This transaction is expected to be complete in.
Read More...Mandom Indonesia to Boost Expansion in 2H18
Mandom Indonesia, Tbk (TCID:IJ) has allocated IDR200Bn capital expenditure in 2018, whereas IDR80Bn of which already spent in 1H18. In 2H18, the company plans to launch new product and buy production.
Read More...Vale Indonesia Nickel in Matte Production Declines 6% YoY
Vale Indonesia, Tbk (INCO:IJ)’ production fell to 18,893 metric tonnes in 2Q18 from 20,107 tonnes in 2Q17. Decline in production was due to a delay in some planned maintenance activities to April from previously scheduled in.
Read More...Wika Gedung’s Contracts Reach 71%
Wijaya Karya Bangunan Gedung, Tbk (WEGE:IJ) already booked IDR11.77Trn of order book in 1H18, equals to 70.9% from its FY18 target of IDR16.6Trn (+28.2% YoY) from FY17 realization. The management stated that these contracts do not include the company’s new contract plan of IDR2.6Trn in July.
Read More...Waskita Karya Receives IDR15Trn Payment
Waskita Karya, Tbk (WSKT:IJ) is going to receive IDR15Trn in 2H18 from turnkey projects payment that includes IDR4Trn payment from Palembang LRT project with total contract of IDR10.9Trn. Moreover, the management stated that the toll divestment plans are still in progress. Currently, the company is still offering 2 of.
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