Binakarya Plans to Launch IPO

JAKARTA (Yosefardi) – Property developer PT Binakarya Jaya Abadi plans to launch the initial public offering (IPO), offering 20% shares to public. The company targets to raise Rp250-300 billion from IPO. Binakrya will use the IPO proceeds for funding this...

Puradelta Jumps 10% on Trading Debut

JAKARTA (Yosefardi) – Investors focused buying shares of industrial estate developer PT Puradelta Lestari Tbk (DMAS), then the stock jumped 10% to Rp231 per share on its trading debut this morning, compared to IPO price of Rp210 per share. DMAS was the most...

Adhi Karya Revises Up Profit Target

JAKARTA (Yosefardi) – State construction firm PT Adhi Karya Tbk (ADHI) revised up targets for net profit, revenue, new contracts, and capital expenditure (capex) this year following the improving growth in the first quarter of this year. The company targets new...