Latest news with #Persero
Reuters
11-04-2025
- Business
- Reuters
UAE's Masdar signs MoUs for floating solar power projects in Indonesia
April 11 (Reuters) - United Arab Emirates' renewable energy company Masdar signed two memorandums of understanding with Indonesia's state-owned electricity company Persero for floating solar power projects in the Southeast Asian country, it said in a statement on Friday.
Yahoo
03-03-2025
- Business
- Yahoo
Digital Payment Today - South Africa Embraces Fintech Innovations Amidst Tech Advancements
The "Tech Trends in South Africa 2025" report reveals significant advancements in digital payment systems and fintech across South Africa, underscored by the country's position as one of the world's top 20 crypto markets. The report details the rapid adoption of AI, blockchain, and cybersecurity solutions, noting both growth and challenges such as cybersecurity threats and regulatory hurdles. With digital transformation impacting sectors like ecommerce and digital banking, the report serves as a critical resource for understanding how technology is reshaping financial transactions and payment methods in the region. Elsewhere in the market, was a standout up 4.5% and closing at $46.10, close to the 52-week high. At the same time, softened, down 7.4% to end the day at IDR3,360.00, at its 52-week low. Bank Rakyat Indonesia (Persero) expects enhanced profitability from strategic advantages and economic growth. Click to explore the detailed narrative on the bank's investment potential. settled at $14.47 up 2.8%. closed at $71.05 up 0.5%. settled at $10.75 down 4.4%. Jump into our full catalog of 188 Digital Payment Stocks, which includes ABN AMRO Bank, Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna and Bank of Baroda, here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "South Africa's AI & Fintech Boom: Key Insights from 2025 Tech Trends Report" from Research and Markets on GlobeNewswire (published 27 February 2025) Companies discussed in this article include NYSE:BAC NasdaqGS:SOFI NasdaqGS:PYPL NYSE:NU and IDX:BBRI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Zawya
27-02-2025
- Business
- Zawya
BCA Joins Bank BNI and Bank Mandiri to Back BUMA's Diversification Strategy with USD250 Million Equivalent Facility
PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID), secured a USD250 million equivalent Accordion Facility from PT Bank Central Asia Tbk (BCA). The accordion facility builds on BUMA's existing syndicated financing facility with PT Bank Negara Indonesia (Persero) Tbk (BNI) and PT Bank Mandiri (Persero) Tbk (Bank Mandiri), further diversifying its sources of financing. The accordion facility upsized the syndicated financing facility from USD750 million to USD1 billion. BCA's participation underscores the firm trust of Indonesia's top banks in BUMA's operational excellence and long-term growth strategy, including the company's efforts in business diversification. JAKARTA, INDONESIA - Media OutReach Newswire - 27 February 2025 - PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID), further strengthened its financing by securing a USD250 million equivalent Accordion Facility from PT Bank Central Asia Tbk (BCA). The multi-currency facility, which includes up to USD75 million and Rp2.88 trillion from BCA, builds on BUMA's existing syndicated financing as part of its broader strategy for financial diversification. Initially secured in December 2023 with PT Bank Negara Indonesia (Persero) Tbk (BNI) and later expanded with PT Bank Mandiri (Persero) Tbk (Bank Mandiri), the expansion of BUMA's syndicated financing facility demonstrates the robust confidence of Indonesia's leading banks in BUMA's track record on operations and growth. With BCA joining the syndication, the total facility is upsized to USD1 billion, further highlighting BUMA's successful achievements in diversifying funding sources. Iwan Fuad Salim, Director of Delta Dunia Group, stated, 'We are honored by the ongoing support from Indonesia's leading banks—BNI, Bank Mandiri, and now BCA. BCA's decision to join the syndication further widens our financial sources and reinforces the Banks' confidence in BUMA's track record and strategy. This expanded facility plays a key role in our financing diversification strategy, enhancing our ability to manage resources effectively, and ensuring sustained progress.' The initial USD750 million syndicated financing facility was strategically structured into two tranches, allowing BUMA to refinance its debts and loans, thus providing financial flexibility until 2029. Simultaneously, this financing facility will be used to fund a transformative acquisition as part of the company's efforts to diversify its business towards more sustainable practices. Silfanny Bahar, Director of BUMA, added, 'The Accordion Facility from BCA equips BUMA with strengthened financing, enabling BUMA to implement transformative actions that capitalize on current market opportunities swiftly. This facility also reaffirms our commitment to accelerating progress and creating meaningful value for our stakeholders.' 'With the strong backing from our syndicated facility, BUMA is well-positioned for continued success as a diversified global company,' Iwan concluded. Hashtag: #DeltaDuniaGroup The issuer is solely responsible for the content of this announcement. About PT Delta Dunia Makmur Tbk (Delta Dunia Group): Established in 1990, PT Delta Dunia Makmur Tbk (Delta Dunia Group) is a prominent holding company operating in Indonesia, Australia, and USA. Our principal subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), is a leading provider of mining services to some of the largest miners in Indonesia and Australia (through BUMA Australia Pty Ltd). In June 2024, through PT Bukit Makmur Internasional (BUMA International), it acquired Atlantic Carbon Group, Inc. (ACG) and became the leading producer of ultra-high-grade anthracite in the USA, further strengthening the Group's global footprint in the mining industry. In 2023, Delta Dunia Group expanded its portfolio with the addition of two new subsidiaries: PT Bukit Teknologi Digital (BTech), developing AI deep learning technologies to improve operational efficiency, reduce emissions, and minimize Occupational Health and Safety (OHS) operational risks and PT BISA Ruang Nuswantara (BIRU), a social enterprise dedicated to education, vocational schools, and fostering circular economy. Listed on the Indonesia Stock Exchange (IDX Code: DOID), Delta Dunia Group is headquartered in Jakarta, Indonesia, and is supported by a workforce of over 16,000 employees across Indonesia, Australia, and USA. In June 2024, Delta Dunia Group was recognized among the Top 200 in the inaugural FORTUNE Southeast Asia 500 rankings, a prestigious list that identifies the region's largest companies by revenue. Delta Dunia Group
Yahoo
29-01-2025
- Business
- Yahoo
Is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) the Best Asian Stock to Invest in According to Analysts?
We recently compiled a list of the . In this article, we are going to take a look at where Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) stands against other best Asian stocks to invest in according to analysts. Asian markets traded mixed on Friday, January 24 as investors digested a series of economic reports from China, which showed robust growth in the fourth quarter of 2024. The country's economy expanded by 5.4%, surpassing expectations and contributing to a full-year growth rate of 5%, according to China's National Bureau of Statistics. Key economic indicators from China were particularly encouraging. Retail sales in December jumped 3.7% year-on-year, exceeding the forecast of 3.5%. Industrial output also expanded 6.2% year-on-year, higher than the anticipated 5.4%. This positive economic data was a significant driver of market sentiment across the region and provided a strong tailwind for market performance, especially in markets closely tied to China's economic health. Japan's Nikkei 225, however, ended the day down 0.31% at 38,451.46, while the Topix lost 0.33% to 2,679.42. Despite the positive economic data from China, Japanese markets were influenced by broader global factors and domestic economic concerns. South Korea's Kospi closed slightly lower, falling 0.16% to 2,523.55, while the tech-focused Kosdaq edged up 0.06% to 724.69. READ ALSO: 12 Most Promising Green Stocks According to Hedge Funds and 10 Worst Performing Energy Stocks in 2024. In an interview with CNBC on January 15, David Herro, Partner and Portfolio Manager at Harris Associates, discussed the potential opportunities in international markets. Herro noted that while U.S. stocks have been the center of attention and have seen significant gains over the past decade, international equities, offer attractive investment opportunities due to their undervalued nature and growth potential. Herro emphasized that the valuation differential between U.S. and international stocks has become quite large, creating pockets of opportunity for investors. Many international stocks are trading at attractive multiples, with earnings ratios of about 10 times, and these valuations are based on projected earnings growth of around 10%. This combination of low multiples and reasonable growth expectations makes international equities almost irresistible for investors. Herro pointed out that the growth rates of international companies are not solely dependent on their home markets but are influenced by their global operations. For instance, many Asian companies, particularly in sectors such as technology, manufacturing, and consumer goods, have a significant presence in global markets. This global diversification can provide robust growth opportunities, even in the face of local economic challenges. He also highlighted the importance of considering the fundamentals of individual companies rather than just the macroeconomic conditions of their home countries. Many companies, despite operating in regions with varying economic conditions, have strong business models and are positioned to benefit from global trends such as digitalization, urbanization, and rising consumer spending. As investors seek opportunities beyond the U.S., Asian markets stand out as promising destinations for long-term growth. A powerful aerial view of the company's data center, exemplifying the digital services and informatics being offered. To compile our list of the 10 best Asian stocks to invest in according to analysts, we used Finviz and Yahoo stock screeners to identify the 30 largest Asian companies. From that list, we narrowed our choices to the 10 companies that analysts see the most upside to. We also included their stock price as of January 27 and their hedge fund sentiment, which was taken from Insider Monkey's Hedge Fund database of 900 elite hedge funds as of Q3 of 2024. The list is sorted in ascending order of analysts' average upside potential as of January 27. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Upside Potential: 28.68% Stock Price as of January 27: $17.33 Number of Hedge Fund Holdings: 7 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK), also known as Telkom Indonesia is the largest telecommunications and network provider in Indonesia. The company offers a wide range of services, including fixed-line telephony, broadband internet, and mobile communications. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) plays a vital role in the country's digital infrastructure. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is actively pursuing a comprehensive digital transformation agenda through its '5 Bold Moves' strategy, which was launched in 2022. This strategy focuses on reorganizing the company's structure, optimizing operations, and enhancing customer experience. One of the key initiatives under this strategy is the Group Procurement initiative, which has significantly improved the efficiency of capital expenditure (CapEx) for devices and networks. This has allowed Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) to serve a broader market segment, particularly in its Consumer business, while also reducing costs and enhancing the digital content offering. The company is also investing heavily in talent rejuvenation which has led to a more dynamic and skilled workforce. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) has also been implementing a Fixed Mobile Convergence (FMC) strategy. This involves integrating its fixed and mobile services to create a seamless and integrated customer experience. The FMC initiative has already shown promising results and a significant increase in fixed broadband customers. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) is also exploring partnerships to manage its data center business, aiming to enhance its position in the market and leverage the expertise of its partners. Additionally, the company has established PT Telkom Infrastruktur Indonesia as an Infrastructure Managed Service entity. This initiative will enable the company to invest in additional infrastructure while maintaining a healthy financial position. Overall TLK ranks 8th on our list of the best Asian stocks to invest in according to analysts. While we acknowledge the potential of TLK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TLK but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at .
