The Indonesia Stock Exchange (IDX) reported there are 12 public issuers are planning to buyback their shares in the secondary market with total amount Rp2.5 trillion (US$168.92 million) - Photo: Special
JAKARTA (TheInsiderStories) – The Jakarta Composite Index fell 0.19 percent to 6,468.75 on Friday (3/29), from the previous trading closing level on Thursday rose 0.56 percent to 6,480.79. Amid the declining, there were a number of issuers that have posted increases and decreases, and there were also corporate actions that accompany it.
Top Gainers
PT Sejahteraraya Anugrahjaya Tbk (IDX: SRAJ) shares posted the sharpest price increase in trading on Friday, with closing surging 25 percent at Rp260 per share. Following is the shares of PT Pikko Land Development Tbk (IDX: RODA) which rose 24.44 percent and closed at Rp560 per share.
Top Losers
Shares of PT Berlian Laju Tanker Tbk (IDX: BLTA) posted the deepest price decline, which closed down 34.69 percent at Rp128 per share. Occupying the next weakest position was PT Sat Nusapersada Tbk (IDX: PTSN), which ended down 24.76 percent at Rp1,200 per share.
PT Delta Djakarta Tbk (IDX: DLTA)
The net profit of a beer company partly owned by the Jakarta Provincial Government, rose 22 percent to Rp338.07 billion in 2018, from the previous year Rp276.36 billion in line with the growth in domestic and export market sales.
PT Bukit Asam Tbk (IDX: PTBA)
PT Indonesia Asahan Aluminium (Inalum) plans to increase share ownership in the coal miner by buying the subsidiary’ treasury shares. At present, Inalum holds 65 percent of PTBA’ shares while the rest is owned by the public.
PT Tower Bersama Infrastructure Tbk (IDX: TBIG)
The tower operator owned by PT Saratoga Investama Sedaya Tbk (IDX: SRTG), recorded a net profit in 2018 of Rp680.58 billion, down 70.62 percent compared to 2017 profit of Rp2.31 trillion in line with the company’s interest expense which rose to Rp2 trillion from Rp1.8 trillion.
PT Indah Kiat Pulp & Paper Tbk (IDX: INKP)
One of the well-known issuers of paper producers in the country made an encouraging performance last year by booking profit of US$588.21 million, up 42.33 percent and sales rose 6.63 percent.
PT Air Asia Indonesia Tbk (IDX: CMPP)
The Low Cost Carrier (LCC) issuer belong to AirAsia Bhd recorded a loss of up to Rp907.29 billion, almost double compared to 2017 worth of Rp512.64 billion. This means that for the past four years, Air Asia Indonesia has never recorded a profit.
Furthermore Binaartha Technical Research assessed the potential for correction in the Jakarta Composite Index movement to the support area at 6,420-6,444. The shares that can be considered by investors are PT Adaro Energy Tbk (IDX: ADRO), PT. Bumi Serpong Damai Tbk (IDX: BSDE), PT Charoen Pokphand Indonesia Tbk (IDX: CPIN), PT Erajaya Swasembada Tbk (IDX: ERAA), PT. Indofood Sukses Makmur Tbk (IDX: INDF), and PT. Matahari Putra Prima Tbk (IDX: MPPA).
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia