The Insider Stories

Despite a gloomy market, construction company PT Duta Graha Indah Tbk (DGIK) soared 31% in 16 days to IDR131 per share, propelled by a market rumor that the company becomes take over target. “Duta Graha is lagging stocks. It is possible when the company becomes take over target because it is still cheap,” several sources [...]

A reliable source familiar with the matter said Adhi Karya management plans to settle the claim to PT Jakarta Monorail. How to do that? The source said Adhi has been informed that the claim on monorail project would be possibly paid by the local government of Jakarta province, using fund of its budget spending. “The [...]