FROM EQUITY RESEARCH DESK

IDEA OF THE DAY

BRIDS FIRST TAKE

  • Nusantara Sejahtera Raya: Capitalizing on Local Movies and Strategic Expansion to Untapped Market in FY25 (CNMA.IJ Rp180; Not Rated)

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MARKET NEWS

MACROECONOMY

US Core PCE Index Rises 2.8% yoy in Oct24

The US Core Personal Consumption Expenditures Price Index, which strips out volatile food and energy items, increased 2.8% from October last year and 0.3% from a month earlier. Inflation-adjusted consumer spending edged up 0.1% after an upwardly revised 0.5% gain in September, reflecting uneven demand over the course of the year. (Bloomberg)

 

SECTOR

Commodity Price Daily Update Nov 26, 2024

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CORPORATE

AADI Could See Public Ownership Reach 53% After Shareholder Offering

ADRO plans to divest its entire 7,008,202,240 shares in AADI through a Shareholder Public Offering (PUPS). The offering will be available to all shareholders listed in ADRO’s registry on the record date, which will be disclosed in the forthcoming PUPS prospectus. If fully subscribed, public ownership in AADI could reach 53.12%, with 43.12% held by participating ADRO shareholders and 10% from the IPO. (Investor Daily)

 

ARTO Announces MESOP Phase II Launch at Rp2,150/share

ARTO announced the second phase of its MESOP program, offering 31,076,300 shares at an exercise price of Rp2,150/share, to be implemented from Dec 2, 2024, to Jan 15, 2025. The first phase earlier in 2024 saw the conversion of 761,200 shares, raising  Rp1.63bn and increasing the total company shares to 13.9bn, with 127.6mn MESOP options remaining unexercised. (Emiten News)

 

BUMI Announces Resignation of Director and Commissioner

BUMI received official notice regarding the resignation of two key executives on November 25, 2024. Mr. Jian Wang, serving as Director, and Mr. Ben Niu, as Commissioner, have formally stepped down from their respective positions. (IDX)

 

ERAA Forms JV for Drone Show Business

ERAA, through its subsidiary ERAL, partnered with PT Kukuh Mandiri Lestari (KML) to establish PT Aero Inovasi Media (AIM), focusing on advertising and drone shows. The Rp35bn investment gives ERAL a 51% stake and KML 49%. (IDX)

 

MCOL Distribute Interim Dividend of Rp110/Share for 2024

MCOL has announced an interim dividend payout for the 2024 fiscal year totaling Rp391.1bn, equivalent to Rp110/share (yield: 2.1%). The cum-dividend date for regular and negotiated markets is set for November 28, 2024, with the ex-dividend date following on November 29, 2024. MCOL will distribute the interim dividend to eligible shareholders on December 16, 2024. (Investor Daily)

 

UNVR to Distribute Rp1.56tr Interim Dividend

UNVR will distribute an interim dividend of Rp1.56tr or Rp41/share (yield: 2.2%), 63.5% of its Rp2.46tr net profit as of 9M24. Key dates include a recording date on 6th Dec24, with payments scheduled for 19th Dec24. (Emiten News)

 

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