Aldira Sunrise 4 Oktober 2024

ASII will distribute IDR 3.96T interim dividend
Astra International (ASII) will distribute interim dividends of IDR 98 per share, which amounts to IDR 3.96T. The amount of this interim dividend distribution is the same as the interim dividend distribution for FY23 at IDR 98 per share. Cum dividend date is on 11 Oct 24, while the dividend will be distributed on 31 Oct 24. Based on the last closing price of IDR 5,250 per share, ASII’s dividend yield is at 1.86%. (Kontan)
INTP successfully sold 11.9M tons of cement in 8M24
Indocement Tunggal Prakarsa (INTP) recorded cement sales of 11.9M tons in 8M24 (+10% yoy), with market share reaching 29.7%. This growth was the result of contributions, especially from Semen Grobogan, which INTP acquired last Dec 23. Currently, the sales growth is still driven by bulk cement consumption, which is growing positively, while bagged cement sales are still under pressure. INTP recorded IDR 8.12 trillion in the first semester of 2024 (+1.9% yoy). There was a significant increase in the revenue composition of bulk cement products from 25.4% in 1H23 to 30.6% in 1H24 due to increasing cement supplies to the new capital and accelerating other infrastructure projects. (Kontan)
MEDC will distributes interim dividend FY24
Medco Energi Internasional (MEDC) will distribute an interim dividend of USD 25.89M, equivalent to 12.88% of 1H24 net profit which reached USD 201M. Each shareholder will pocket a dividend of IDR 15.75 per share. With the latest closing price of IDR 1,370 per share, MEDC’s dividend yield is at 1.15%. Cum dividend date is at 11 Oct 24, while the dividend will be distributed on 1 Nov 24. (Kontan)
MTLA is confident to achieve IDR 1.9T marketing sales target FY24
Metropolitan Land (MTLA) is optimistic that the marketing sales target FY24 of IDR 1.9T can be achieved, in line with the extension of the Government-borne Value Added Tax (PPN DTP) incentive stimulus until the end of Dec 24. Along with the implementation of PPN DTP, MTLA sales are increasingly on track, especially for house sales of up to IDR 2B such as in Metland Cileungsi, Metland Cikarang, Metland Cibitung, and Metland Transyogi. Not only that, the positive impact on sales was also seen in housing projects over IDR 2B located in Metland Menteng and Metland Cyber Puri. (Bisnis Indonesia)