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P H
Nov 29,2016 10:14:30

FSA released a new stock list for Syariah index

The Financial Services Authority (OJK) has released a new stock list for the Syariah index. The FSA has added Waskita Beton Precast ($WSBP), Energi Mega Persada ($ENRG), Aneka Gas Industri ($AGII), Malindo Feedmill ($MAIN), Gajah Tunggal ($GJTL), Bumi Resources Mineral ($BRMS), Cikarang Listrindo ($POWR), and Hexindo Adiperkasa ($HEXA). Furthermore, The FSA has deleted Surya Citra Media ($SCMA), Jasa Marga ($JSMR), Modernland Realty ($MDLN), and Nirvana Development ($NIRO). (OJK).

Bahana comment: SCMA's removal from the syariah index has been well flagged by management in the past couple of months, given the company's strong revenue growth coming from the tobacco sector (non-halal), which accounts for more than 10% of total revenue. Note that competitor $MNCN is also not inside the Syariah index list.

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P H
Mar 23,2016 08:45:52
Nirvana Development to open 10 malls in 2016 – PT Nirvana Development ($NIRO) is planning to build or acquire 7-10 new malls this year. The company needs IDR1-1.5t for the expansion plan. Independent Director Timothy Eugene Alamsyah stated that NIRO needs at least IDR150b for each malls. The company will use proceeds from the divestment of its subsidiaries to expand in mall sector.
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NIRO
96.00 0.00 (0.00%)
Nirvana Development Tbk.
Last Update 22:51:37