Bank BCA Plans to Raise Lending Rate
Bank Central Asia, Tbk (BBCA:IJ) expects credit interest rate to be adjusted up by 0.25-0.5% in August. Nonetheless, this will only apply for some segment like mortgage (KPR) and vehicle loan (KKB) whereby rates are already very low due to recent.
Read More...Mahkota Group Prepares IDR330Bn for Downstream Investment
Mahkota Group, Tbk (MGRO:IJ) has allocated IDR330Bn for investment in crude palm oil (CPO) downstream business by developing refinery factory with 1,500 tonnes/day and kernel crushing plant with 200-400 tonnes/day. The factory and the plant are currently in progress and are planned to fully operate in.
Read More...Ramayana Lestari Books 3.9% YoY Sales Growth in 1H18
Ramayana Lestari, Tbk (RALS:IJ) booked 3.9% YoY sales growth in 1H18, supported by fashion product sales growth of 10.9% YoY, whereas supermarket sector declined 20.3% YoY growth, which was predicted before. According to the management, the company is closing several supermarkets that suffered.
Read More...ABM Group is Exploring Partners from Various Countries
Sumberdaya Sewatama, the subsidiary of ABM Investama (ABMM:IJ) is exploring strategic partners from various countries such as Bangladesh, Japan, Vietnam, and Africa, a a form of business segment expansion implementation. The company is planning to build a build on transfer (BOT) cooperation with a Bangladesh.
Read More...The Weakening of Purchasing Power does not Affect Unilever Indonesia
Bank Indonesia (BI) Consumer Confidence Index (IKK) 2Q2018 data released shows an increase. The index rose to 125.2. This, it can be a positive signal for Unilever Indonesia, Tbk (UNVR IJ), along with the company’s target market who are in the middle to low.
Read More...MD Pictures to Receive IDR416Bn Funds from IPO Proceeds
MD Pictures expects to receive additional IDR416Bn funds from its upcoming initial public offering (IPO) plan, higher than initial target of IDR300Bn. The company is planning to issue 1.98Bn of shares at IDR210/share in IPO. Along with IPO process, the company also issue new shares through mandatory convertible bond (MCB) amounted to.
Read More...Mustika Ratu Books 5% YoY Revenue Growth in 1H18
Mustika Ratu, Tbk (MRAT:IJ) has booked 5% YoY revenue growth amounting to IDR145.07Bn in 1H18, due to better performance in 2Q18, growing at 10% YoY in 2Q18. Growth in revenue was mainly supported by body care products, such as olive oil, slimming tea, and body splash.
Read More...Pollux Properties Targets 300% YoY Net Income Growth in 2018
Pollux Properties, Tbk (POLL:IJ), a property company that recently listed in the Indonesia Stock Exchange (IDX), targets net income to grow by 300% YoY to IDR400Bn and revenue of 262% YoY to IDR1.6Trn in 2018, compared to FY17 revenue and net income at IDR442Bn and IDR100Bn,.
Read More...Wijaya Karya to Work on Port Projects
Pelabuhan Indonesia III (Pelindo III) cooperates with Wijaya Karya, Tbk (WIKA:IJ) to work on various port projects amounting to IDR1.02Trn. Some of the projects are Bagendang port development in.
Read More...Bank Bukopin Improves Digital Payment Service
Bank Bukopin, Tbk (BBKP:IJ) plans to relaunch its payment point online namely BukopinNet in order to differentiate payment point in the market nowadays. Through this system, the bank’s customers now can do.
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