20 September 2017 (closed)
USD/IDR (13,325) +55.00 +0.41%
EUR/IDR (15,927) -15.21 -0.10%
Indonesia Stock Exchange (5,906.57) +5.25 +0.09%
Our Financial Columns offer analyses of subjects related to the Indonesian financial markets. Together, these columns - that also have high news value in the current state of the Indonesian economy - intend to provide a clear and detailed picture regarding the structure and performance of these markets.
The central bank of Indonesia (Bank Indonesia) made another surprise move by cutting its benchmark BI 7-day Reverse Repo Rate 25 basis points (bps) from 4.50 percent to 4.25 percent at the September 2017 policy meeting. Meanwhile, Bank Indonesia also lowered the deposit and lending facility rates by 25 bps to 3.50 percent and 5.00 percent, respectively, effective per 25th September.
Two state-controlled companies are planning to issue global rupiah-denominated bonds (often called nasi goreng bonds). Construction company Wijaya Karya, which is listed on the Indonesia Stock Exchange, plans to issue up to USD $500 million of nasi goreng bonds in the second half of 2017. Besides the nasi goreng bonds, the company also plans to sell up to IDR 5 trillion of rupiah-denominated bonds on the domestic market.
Here Indonesia Investments presents a selection of first half 2017 corporate earnings reports of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX), categorized by sector: (1) agriculture and mining, (2) basic industry and chemicals, (3) miscellaneous industry, (4) consumer goods, (5) property and real estate, (6) infrastructure, utilities and transportation, (7) finance, and (8) trade, services and investment. The tables below display both net profit (or loss) and revenues, together with year-on-year (y/y) growth (or decline).
On Tuesday (12/09) shares of government-controlled construction company Waskita Karya plunged 11.27 percent to IDR 1,870 a piece, while shares of its subsidiary Waskita Beton Precast fell 8.64 percent to IDR 402 per share. Hence both companies were among the ten top losers on the Indonesia Stock Exchange yesterday. What explains this huge sell-off?
