StockWatch (Jakarta) - Garment company PT Pan Brothers Tbk (PBRX) has planned to pay cash dividends of IDR445.440 million (IDR1 per share) for the 2006 fiscal year, the management said.
The management said that the dividends will be paid out on June 4, 2007, and the total dividend value (IDR445.440 million) is only 4.5% of the 2006 total net profit which was IDR9.747 billion.
The dividends will be paid out to the shareholders whose names are recorded on May 23, 2007, and the plan to pay the cash dividends was approved by the shareholders in the AGM on Monday (23/4) in Jakarta.
Cum dividend dates in the regular/negotiated and the cash markets are May 16 and 23, 2007, while ex dividend dates in the two markets are May 21 and 24, 2007. (yan/bud)
Friday, April 27, 2007
Bank Danamon 1Q Net Profit Soars 92%
StockWatch (Jakarta) - PT Bank Danamon Tbk (BDMN) booked net profit of IDR482 billion in the first quarter of 2007, rising sharply by 92% from IDR251 billion in the same period of 2006, the bank's president Sebastian Paredes said.
Paredes said here yesterday (26/4) the sharp increase was triggered by the operatingrevenue that climbed up by 41% at IDR2.163 trillion from IDR1.539 trillion, while net interest income, provision and commission contributed 35% and 61% of the operating revenue.
"The total assets stepped up 20% at IDR84.946 trillion from IDR70.758 trillion, while the public fund climbed up 21% at IDR58.475 trillion, supported by the sharp hike in deposits and savings," he said further.
Bank Danamon's loans to small- and medium-scale businesses and the commercial sector increased by 11% and 13% each at IDR8.339 trillion and IDR5.544 trillion, while loan to the corporate sector was up 15% at IDR5.535 trillion.
Meanwhile, Danamon's director and chief financial officer, Vera Eve Lim, said the NPL (gross) was 3.2% or slightly lower than 3.3% in the same period of 2006. "But the net NPL remained zero because the ratio of debt write-off to NPL was 158% after figuring in the guarantee value," Lim added. (dwi/bud)
Paredes said here yesterday (26/4) the sharp increase was triggered by the operatingrevenue that climbed up by 41% at IDR2.163 trillion from IDR1.539 trillion, while net interest income, provision and commission contributed 35% and 61% of the operating revenue.
"The total assets stepped up 20% at IDR84.946 trillion from IDR70.758 trillion, while the public fund climbed up 21% at IDR58.475 trillion, supported by the sharp hike in deposits and savings," he said further.
Bank Danamon's loans to small- and medium-scale businesses and the commercial sector increased by 11% and 13% each at IDR8.339 trillion and IDR5.544 trillion, while loan to the corporate sector was up 15% at IDR5.535 trillion.
Meanwhile, Danamon's director and chief financial officer, Vera Eve Lim, said the NPL (gross) was 3.2% or slightly lower than 3.3% in the same period of 2006. "But the net NPL remained zero because the ratio of debt write-off to NPL was 158% after figuring in the guarantee value," Lim added. (dwi/bud)
JCI Closes Lower 3.323 Points at 2,012.710
StockWatch (Jakarta) - The Jakarta composite index (JCI) closed lower in the first session today (27/4) by 3.323 points (0.165%) at 2,012.710 on 63 losers compared to 81 gainers, while 59 stocks were flat.
Likewise, the LQ45 Index also stepped down by 1.370 points (0.317%) at 431.319 and the Jakarta Islamic Index (JII) stumbled by 0.982 points (0.280%) at 349.219.
Meanwhile, the total transaction volume consisted of 2.713 billion shares with value of IDR1.693 trillion with frequency of 26,255 transactions.
Among the losers were TINS by IDR650 or 5.12% at 12,050, ANTM by IDR200 or 1.26% at 15,650, BBRI by IDR150 or 2.73% at 5,350, TLKM by IDR50 or 0.90% at 10,750 and ASII by IDR50 or 0.33% at 14,900 per share.
At the same time, CMNP rose by IDR125 or 5.26% at 2,500, UNTR by IDR100 or 1.30% at 7,800, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450, BHIT by IDR60 or 5.22% at 1,210 and BDMN by IDR50 or 0.74% at 6,800 per unit. (yan/bud)
Likewise, the LQ45 Index also stepped down by 1.370 points (0.317%) at 431.319 and the Jakarta Islamic Index (JII) stumbled by 0.982 points (0.280%) at 349.219.
Meanwhile, the total transaction volume consisted of 2.713 billion shares with value of IDR1.693 trillion with frequency of 26,255 transactions.
Among the losers were TINS by IDR650 or 5.12% at 12,050, ANTM by IDR200 or 1.26% at 15,650, BBRI by IDR150 or 2.73% at 5,350, TLKM by IDR50 or 0.90% at 10,750 and ASII by IDR50 or 0.33% at 14,900 per share.
At the same time, CMNP rose by IDR125 or 5.26% at 2,500, UNTR by IDR100 or 1.30% at 7,800, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450, BHIT by IDR60 or 5.22% at 1,210 and BDMN by IDR50 or 0.74% at 6,800 per unit. (yan/bud)
CP Prima Shares Uptrend
StockWatch (Jakarta) - Shares of animal feed producer PT Central Proteinaprima Tbk (CPRO) are expected to increase further after closing up IDR 15 per share yesterday (26/4) at IDR300, considering that some technical indicators have entered a positive area.
Ronny Nababan, an analyst at PT reliance Securities Tbk (RELI), said the shares are moving within an uptrend area, while in the previous trading day the shares were consolidating after rising sharply.
Nababan said that generally the middle uptrend channel line has confirmed a breakout supported by the MACD indicator which is moving uptrend. Besides, CPRO has just broken the sector and the JSX indices, which should open a way for increasing further.
However, he has reminded that the shares are likely to consolidate in the short term though it may hike at IDR350/360 per share in the long term. (esta/bud)
Ronny Nababan, an analyst at PT reliance Securities Tbk (RELI), said the shares are moving within an uptrend area, while in the previous trading day the shares were consolidating after rising sharply.
Nababan said that generally the middle uptrend channel line has confirmed a breakout supported by the MACD indicator which is moving uptrend. Besides, CPRO has just broken the sector and the JSX indices, which should open a way for increasing further.
However, he has reminded that the shares are likely to consolidate in the short term though it may hike at IDR350/360 per share in the long term. (esta/bud)
Pan Brothers Shares Speculative
Friday, 27 April 2007 12:47:04
StockWatch (Jakarta) - Increase in shares of PT Pan Brothers Tex Tbk (PBRX) are considered to be caused by speculations although the shares are technically uptrend, after closing higher yesterday (26/4) by IDR60 at IDR710 per share.
Muhamad Karim, an analyst at PT Reliance Securities Tbk (RELI), said that the garment company's shares still have a potential to climb up further, moreover considering the bullish market with the index breaking level 2,000.
Karim said further that PBRX managed to break level IDR710 per share which indicated that the shares had been affected by the market movement in general umum.
He said that technically the shares have moved sideways in the last one month after breaking resistance target at IDR690-700 per share. He said the stock price is now close to the support of the rectangle formation after the rounding bottom pattern which was formed previously failed to confirm.
Meanwhile, the MACD and the RSI indicators are moving downtrend which should mean a sign of consolidation in the short term. Karim said that the market hike in general is likely to change the movement trend of PBRX in the future .
Karim said further that since the stock is moving closer to the support of the rectangle formation, investors are called to do a speculative buying with resistance target around level IDR750 per share. (esta/bud)
StockWatch (Jakarta) - Increase in shares of PT Pan Brothers Tex Tbk (PBRX) are considered to be caused by speculations although the shares are technically uptrend, after closing higher yesterday (26/4) by IDR60 at IDR710 per share.
Muhamad Karim, an analyst at PT Reliance Securities Tbk (RELI), said that the garment company's shares still have a potential to climb up further, moreover considering the bullish market with the index breaking level 2,000.
Karim said further that PBRX managed to break level IDR710 per share which indicated that the shares had been affected by the market movement in general umum.
He said that technically the shares have moved sideways in the last one month after breaking resistance target at IDR690-700 per share. He said the stock price is now close to the support of the rectangle formation after the rounding bottom pattern which was formed previously failed to confirm.
Meanwhile, the MACD and the RSI indicators are moving downtrend which should mean a sign of consolidation in the short term. Karim said that the market hike in general is likely to change the movement trend of PBRX in the future .
Karim said further that since the stock is moving closer to the support of the rectangle formation, investors are called to do a speculative buying with resistance target around level IDR750 per share. (esta/bud)
Bank Eksekutif CAR Lower at 8.75% as of March
Friday, 27 April 2007 17:49:19
StockWatch (Jakarta) - PT Bank Eksekutif Internasional Tbk (BEKS) booked a capital adequacy ratio (CAR) of 8.75% as of March 2007, lower than 10.55% in the same period of 2005.
Bank Eksekutif management said non-performing loan (NPL net) stepped up from 4.73% at 4.81% while loan-to-deposit ratio (LDR) climbed up at 79.51% from 78.44%.
At the same time, return on assets (ROA) was minus 3.16% versus 0.57%, return on equity (ROE) also minus 73.69% compared to 8.63% and net interest margin (NIM) rose from 3.95% at 8.52%.
Bank Eksekutif booked net loss of IDR10.156 billion (IDR12 per share) versus net profit of IDR2.089 billion (IDR3 per share) while net interest income increased from IDR10.477 billion to IDR18.981 billion whilst other operating revenues decreased at IDR1.494 billion from IDR1.649 billion. (yan/bud)
StockWatch (Jakarta) - PT Bank Eksekutif Internasional Tbk (BEKS) booked a capital adequacy ratio (CAR) of 8.75% as of March 2007, lower than 10.55% in the same period of 2005.
Bank Eksekutif management said non-performing loan (NPL net) stepped up from 4.73% at 4.81% while loan-to-deposit ratio (LDR) climbed up at 79.51% from 78.44%.
At the same time, return on assets (ROA) was minus 3.16% versus 0.57%, return on equity (ROE) also minus 73.69% compared to 8.63% and net interest margin (NIM) rose from 3.95% at 8.52%.
Bank Eksekutif booked net loss of IDR10.156 billion (IDR12 per share) versus net profit of IDR2.089 billion (IDR3 per share) while net interest income increased from IDR10.477 billion to IDR18.981 billion whilst other operating revenues decreased at IDR1.494 billion from IDR1.649 billion. (yan/bud)
Arthavest 1Q Net Profit Up Sharply 273.83%
Friday, 27 April 2007 17:52:29
StockWatch (Jakarta) - Stock brokerage, trading and corporate financing company PT Arthavest Tbk (ARTA) booked net profit of IDR697.387 million (IDR1.59 per share) in the first quarter of 2007, up sharply by 273.83% versus IDR186.551 million (IDR0.43 per share) in the same period of 2006.
The net profit was up significantly supported by the operating revenue which climbed up from IDR2.627 billion to IDR3.494 billion, so the company was able to book gross profit at IDR840.705 million versus net loss of IDR375.866 million.
The operating expense stepped down from IDR3.002 billion to IDR2.653 billion, while other net revenues decreased at IDR79.692 million from IDR452.762 million, and the pre-tax profit climbed up from IDR76.995 million to IDR920.258 million. (dwi/bud)
StockWatch (Jakarta) - Stock brokerage, trading and corporate financing company PT Arthavest Tbk (ARTA) booked net profit of IDR697.387 million (IDR1.59 per share) in the first quarter of 2007, up sharply by 273.83% versus IDR186.551 million (IDR0.43 per share) in the same period of 2006.
The net profit was up significantly supported by the operating revenue which climbed up from IDR2.627 billion to IDR3.494 billion, so the company was able to book gross profit at IDR840.705 million versus net loss of IDR375.866 million.
The operating expense stepped down from IDR3.002 billion to IDR2.653 billion, while other net revenues decreased at IDR79.692 million from IDR452.762 million, and the pre-tax profit climbed up from IDR76.995 million to IDR920.258 million. (dwi/bud)
Merck to Pay Dividends IDR2,000 per Share on June 7
Friday, 27 April 2007 17:56:50
StockWatch (Jakarta) - Pharmaceutical company PT Merck Indonesia Tbk (MERK) plans to pay cash dividends for the 2006 fiscal year at IDR2,000 per share or totally IDR44.800 billion, which will be taken from the 2006 net profit which is IDR86.538 billion.
Merck said in an announcement to the shareholders that the cash dividends will be paid out on June 7, 2007, to the shareholders who are registered by the recording date on May 23, 2007. It also said that the plan od dividend payment was approved by the shareholders in the AGM on Tuesday (24/4) in Jakarta.
Meanwhile, cum dividend dates in the regular/negotiation and the cash markets are May 16 and 23, whereas ex dividend dates in both markets are May 21 and 24, 2007.
Merck booked net profit of IDR86.538 billion (IDR3,863 per share) in 2006, rising by 49.98% from IDR57.7 billion (IDR2,576 per share).
The net profit hike was supported by the sales that rose by approximately 26.21% at IDR487.601 billion from IDR386.346 billion, which boosted the gross profit to IDR284.827 billion from IDR214.694 billion although the sales expense rose from IDR171.652 billion to IDR202.774 billion. (yan/bud)
StockWatch (Jakarta) - Pharmaceutical company PT Merck Indonesia Tbk (MERK) plans to pay cash dividends for the 2006 fiscal year at IDR2,000 per share or totally IDR44.800 billion, which will be taken from the 2006 net profit which is IDR86.538 billion.
Merck said in an announcement to the shareholders that the cash dividends will be paid out on June 7, 2007, to the shareholders who are registered by the recording date on May 23, 2007. It also said that the plan od dividend payment was approved by the shareholders in the AGM on Tuesday (24/4) in Jakarta.
Meanwhile, cum dividend dates in the regular/negotiation and the cash markets are May 16 and 23, whereas ex dividend dates in both markets are May 21 and 24, 2007.
Merck booked net profit of IDR86.538 billion (IDR3,863 per share) in 2006, rising by 49.98% from IDR57.7 billion (IDR2,576 per share).
The net profit hike was supported by the sales that rose by approximately 26.21% at IDR487.601 billion from IDR386.346 billion, which boosted the gross profit to IDR284.827 billion from IDR214.694 billion although the sales expense rose from IDR171.652 billion to IDR202.774 billion. (yan/bud)
Astra Agro CPO Sales Volume Down 13.9% as of March
Friday, 27 April 2007 18:06:29
StockWatch (Jakarta) - PT Astra Agro Lestari Tbk (AALI) booked CPO sales volume of 192,507 tones during the period of January-March 2007, down by 13.9% from 223.711 tones in the same period of 2006, corporate secretary Juliani Eliza Syaftari said.
Syaftari said in a report to the Surabaya Stock Exchange (SSX that approximately 24.9% of the total sales volume or about 47,932 tones consisted of volume for export.
It means that the export volume was down by 40.5% versus 80,551 tones in the same period last year, while this year the company has planned to export 30-40% of the total CPO production.
Meanwhile, the average selling price of the company's CPO during that period was IDR4,591 per kg (net), rising by 37.5% versus the same period of 2006, due to increase in CPO and soybean oil prices in the global markets.
CPO price climbed up in the global markets during that period by 39.7% at US$609 per ton, while global soybean oil price stepped up 32.7% at US$710 per tone. (abr/bud)
StockWatch (Jakarta) - PT Astra Agro Lestari Tbk (AALI) booked CPO sales volume of 192,507 tones during the period of January-March 2007, down by 13.9% from 223.711 tones in the same period of 2006, corporate secretary Juliani Eliza Syaftari said.
Syaftari said in a report to the Surabaya Stock Exchange (SSX that approximately 24.9% of the total sales volume or about 47,932 tones consisted of volume for export.
It means that the export volume was down by 40.5% versus 80,551 tones in the same period last year, while this year the company has planned to export 30-40% of the total CPO production.
Meanwhile, the average selling price of the company's CPO during that period was IDR4,591 per kg (net), rising by 37.5% versus the same period of 2006, due to increase in CPO and soybean oil prices in the global markets.
CPO price climbed up in the global markets during that period by 39.7% at US$609 per ton, while global soybean oil price stepped up 32.7% at US$710 per tone. (abr/bud)
Matahari to Pay Dividends of IDR10.4 per Share
Friday, 27 April 2007 18:17:12
StockWatch (Jakarta) - Retail company PT Matahari Putra Prima Tbk (MPPA) has planned to pay dividends for the 2006 fiscal year at IDR10.4 per share or IDR49 billion or 30.5% of the total 2006 net profit that reaches IDR160.496 billion.
"We have a commitment that we will pay dividends every year, although the company statutes stipulates that the dividend pay-out ratio should be only 20% if the company books net profit below IDR200 billion. But we have decided to use 30% of the profit for dividends as an appreciation to the shareholders," Matahari director Danny Konjongian said.
Konjongian said today (27/4) after the company's AGM in Jakarta, that the rest of the net profit which is IDR110 billion will be retained and IDR2 billion will be kept as reserve. "The retained profit will be used for financing the business expansion," he added.
He said the company has allocated a capital expenditure of IDR1.1 trillion this year for financing the opening of new outlets, renovation and investment in information technology.
Matahari has planned to open five new outlets of Matahari Department Stores, 11 hypermarkets/supermarkets, and renovate seven hypermarkets. Besides to open outlets, Matahari also has planned to close three department stores and five hypermarkets. (sup/bud)
StockWatch (Jakarta) - Retail company PT Matahari Putra Prima Tbk (MPPA) has planned to pay dividends for the 2006 fiscal year at IDR10.4 per share or IDR49 billion or 30.5% of the total 2006 net profit that reaches IDR160.496 billion.
"We have a commitment that we will pay dividends every year, although the company statutes stipulates that the dividend pay-out ratio should be only 20% if the company books net profit below IDR200 billion. But we have decided to use 30% of the profit for dividends as an appreciation to the shareholders," Matahari director Danny Konjongian said.
Konjongian said today (27/4) after the company's AGM in Jakarta, that the rest of the net profit which is IDR110 billion will be retained and IDR2 billion will be kept as reserve. "The retained profit will be used for financing the business expansion," he added.
He said the company has allocated a capital expenditure of IDR1.1 trillion this year for financing the opening of new outlets, renovation and investment in information technology.
Matahari has planned to open five new outlets of Matahari Department Stores, 11 hypermarkets/supermarkets, and renovate seven hypermarkets. Besides to open outlets, Matahari also has planned to close three department stores and five hypermarkets. (sup/bud)
JCI Up Slightly 0.181% on Secondliners
Friday, 27 April 2007 18:19:37
StockWatch (Jakarta) - The Jakarta composite index (JCI) closed slightly higher today (27/4) by 3.643 points (0.181%) at 2,019.676 and the hike at the new highest level was triggered by secondliner stocks, while most bluechips were down after rising sharply in Thursday's (26/4) trading.
However, the LQ45 Index ended down by 0.668 point (0.154%) at 432.021 and the Jakarta Islamic Index (JII) closed lower by 0.641 point (0.183%) at 349.560.
The potential hike at a higher level was halted by decline in prices of mining commodities' and plantation sector stocks, BNI Securities' analyst Muhammad Alfatih told e-bursa.com today (27/4) in Jakarta.
Alfatih said the index is technically moving within an upside trend while the regional markets are also likely to increase further. He said the Jakarta index is expected to rise next week (April 30-May 4, 2007) at 2,068-2,100. "The hike will be sparked by the increasing transaction volume, while the MACD indicator still indcates an increase," he said.
Meanwhile, inflation rate in April which is expected to be under control is likely to open chances for gradual BI Rate cut in the months to come. "Among sharegs that are likely to move up next week are BBCA, BDMN, BNGA and some property sector stocks," Alfatih added.
Among the losers were INCO by IDR800 or 1.30% at 60.800, TINS by IDR650 or 5.12% at 12,050, AALI by IDR600 or 3.70% at 15,600, ANTM by IDR250 or 1.58% at 15,600, BBRI by IDR100 or 1.82% at 5,400, TLKM by IDR50 or 0.46% at 10,750, ASII by IDR50 at 0.33% at 14,900 and PGAS by IDR50 or 0.47% at 10,700 per share.
At the same time, INTP was up by IDR200 or 3.51% at 5,900, CMNP by IDR200 or 8.42% at 2,575, UNTR by IDR150 or 1.95% at 7,850, BHIT by IDR120 or 10.43% at 1,270, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450 and BMTR by IDR60 or 5.31% at 1,190 per unit.
Foreign buying today consisted of 420.640 million shares with value of IDR754.192 billion with selling of 361.502 million shares valued at IDR400.122 billion which caused net bying of IDR354.070 billion, lower than yesterday's (26/4) net buying worth IDR565.895 billion.
The total transaction volume consisted of 5.749 billion valued at IDR3.974 trillion with frequency of 51,810 transactions, while the total number of active stocks was 232 with 97 gainers, 88 losers and 47 unchanged.
In detail, trading in the regular board was 4.569 billion shares worth IDR3.233 trillion, while that in the crossing board was 781.888 million shares vakued at IDR664.864 billion, and in the negotiated board 24.430 million worth IDR18.606 billion. (yan/bud)
StockWatch (Jakarta) - The Jakarta composite index (JCI) closed slightly higher today (27/4) by 3.643 points (0.181%) at 2,019.676 and the hike at the new highest level was triggered by secondliner stocks, while most bluechips were down after rising sharply in Thursday's (26/4) trading.
However, the LQ45 Index ended down by 0.668 point (0.154%) at 432.021 and the Jakarta Islamic Index (JII) closed lower by 0.641 point (0.183%) at 349.560.
The potential hike at a higher level was halted by decline in prices of mining commodities' and plantation sector stocks, BNI Securities' analyst Muhammad Alfatih told e-bursa.com today (27/4) in Jakarta.
Alfatih said the index is technically moving within an upside trend while the regional markets are also likely to increase further. He said the Jakarta index is expected to rise next week (April 30-May 4, 2007) at 2,068-2,100. "The hike will be sparked by the increasing transaction volume, while the MACD indicator still indcates an increase," he said.
Meanwhile, inflation rate in April which is expected to be under control is likely to open chances for gradual BI Rate cut in the months to come. "Among sharegs that are likely to move up next week are BBCA, BDMN, BNGA and some property sector stocks," Alfatih added.
Among the losers were INCO by IDR800 or 1.30% at 60.800, TINS by IDR650 or 5.12% at 12,050, AALI by IDR600 or 3.70% at 15,600, ANTM by IDR250 or 1.58% at 15,600, BBRI by IDR100 or 1.82% at 5,400, TLKM by IDR50 or 0.46% at 10,750, ASII by IDR50 at 0.33% at 14,900 and PGAS by IDR50 or 0.47% at 10,700 per share.
At the same time, INTP was up by IDR200 or 3.51% at 5,900, CMNP by IDR200 or 8.42% at 2,575, UNTR by IDR150 or 1.95% at 7,850, BHIT by IDR120 or 10.43% at 1,270, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450 and BMTR by IDR60 or 5.31% at 1,190 per unit.
Foreign buying today consisted of 420.640 million shares with value of IDR754.192 billion with selling of 361.502 million shares valued at IDR400.122 billion which caused net bying of IDR354.070 billion, lower than yesterday's (26/4) net buying worth IDR565.895 billion.
The total transaction volume consisted of 5.749 billion valued at IDR3.974 trillion with frequency of 51,810 transactions, while the total number of active stocks was 232 with 97 gainers, 88 losers and 47 unchanged.
In detail, trading in the regular board was 4.569 billion shares worth IDR3.233 trillion, while that in the crossing board was 781.888 million shares vakued at IDR664.864 billion, and in the negotiated board 24.430 million worth IDR18.606 billion. (yan/bud)
Rupiah Strengthens Four Points at IDR9,073
Friday, 27 April 2007 18:21:40
StockWatch (Jakarta) - Rupiah exchange-rate versus the US dollar at 04:36 PM in the Jakarta interbank spot market today (27/4) strengthened slightly by only four points at IDR9,073 versus yesterday's (26/4) closing at IDR9,077.
Meanwhile, in the morning session today the local currency moved within range of IDR9,090-9,095 per US dollar compared to IDR9,073-9,078 in the morning yesterday.
At the same time, the US dollar strengthened versus the other foreign currencies, and the and the rate versus the Singapore dollar was stronger at SIN$1.5176 from 1.5148, and versus South Korean won was stronger at KRW927.63 versus 927.022. (yan/bud)
StockWatch (Jakarta) - Rupiah exchange-rate versus the US dollar at 04:36 PM in the Jakarta interbank spot market today (27/4) strengthened slightly by only four points at IDR9,073 versus yesterday's (26/4) closing at IDR9,077.
Meanwhile, in the morning session today the local currency moved within range of IDR9,090-9,095 per US dollar compared to IDR9,073-9,078 in the morning yesterday.
At the same time, the US dollar strengthened versus the other foreign currencies, and the and the rate versus the Singapore dollar was stronger at SIN$1.5176 from 1.5148, and versus South Korean won was stronger at KRW927.63 versus 927.022. (yan/bud)
Arwana Decides Not to Pay Dividends
Friday, 27 April 2007 18:26:54
StockWatch (Jakarta) - Ceramic floor tile manufacturer PT Arwana Citramulia Tbk (ARNA) has decided not to pay dividends for the 2006 fiscal year because the company will use the net profit to strengthen the capital.
"The company still needs fund for financing the next expansion. Using the profit for dividend payment may injure the company's debt ratio," Arwana's finance director Indra Bachtiar said today (27/4) after the company's AGM in Jakarta.
Arwana Citramulia recorded net profit of IDR28.354 billion in 2006 with net sales worth IDR344.868 billion.
In the AGM today, the shareholders have approved the plan to increase capital in the company's subsidiary PT Arwana Nuansa Keramik at IDR9.9 billion and in PT Bangun Reksaperkasa from 5% at 65%. (sup/bud)
StockWatch (Jakarta) - Ceramic floor tile manufacturer PT Arwana Citramulia Tbk (ARNA) has decided not to pay dividends for the 2006 fiscal year because the company will use the net profit to strengthen the capital.
"The company still needs fund for financing the next expansion. Using the profit for dividend payment may injure the company's debt ratio," Arwana's finance director Indra Bachtiar said today (27/4) after the company's AGM in Jakarta.
Arwana Citramulia recorded net profit of IDR28.354 billion in 2006 with net sales worth IDR344.868 billion.
In the AGM today, the shareholders have approved the plan to increase capital in the company's subsidiary PT Arwana Nuansa Keramik at IDR9.9 billion and in PT Bangun Reksaperkasa from 5% at 65%. (sup/bud)
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