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.
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?
Three Indonesian telecommunication and network providers are considered to have great room for improving their corporate earnings in the second half of 2017. These companies are Telekomunikasi Indonesia, Indosat Ooredoo, and XL Axiata. Reason why these companies should experience a good performance in H2-2017 is Indonesia's "data consumption trend".
After touching a new all-time record high level last week, analysts are optimistic that Indonesia's benchmark Jakarta Composite Index will surpass the psychological level of 6,000.00 points later this year. Last Friday (25/08) the benchmark index of Indonesia reached 5,915.36 points, a new record, while market capitalization touched IDR 6,481.8 trillion (approx. USD $483.9 billion).
Every year Indonesia's Tax Office adjusts the excise tax on tobacco products. The adjustment is always made in consideration of the central government's tax revenue targets as well as the input of specific stakeholders (including pro-health lobby groups, or groups that defend the interests of tobacco manufacturers or farmers).
