
IDX80 Companies Post Strong Profit Growth, Driven by Commodities
Indonesian IDX80 index constituents reported robust profit growth in Q3 2026, primarily supported by a strong performance in the commodity sector. However, growth moderates without commodities, and declining profits in certain sectors pose a challenge.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- EMTK Sells 99.99% Stake in Indopay Merchant Services for Portfolio Optimization
PT Elang Mahkota Teknologi Tbk (EMTK) has sold a 99.99% stake in its subsidiary PT Indopay Merchant Services (IMS). This strategic move aims to optimize the company's investment portfolio and enhance asset management efficiency.
- Rupiah Weakens, Investors Turn to Foreign Exchange Strategies for Risk Mitigation
As the Indonesian Rupiah weakens against the US Dollar, investors are increasingly employing foreign exchange switching strategies to protect assets and seek profit opportunities. High dollar demand is identified as a primary driver of the Rupiah's depreciation.
- Pemalang DPRD Members Under KPK Scrutiny for Activities with Regent
Indonesia's Corruption Eradication Commission (KPK) has begun investigating two members of the Pemalang Regional People's Representative Council (DPRD) for alleged involvement in 'activities' with Regent Anom Widiyantoro. While specific details of these activities remain unclear, concerns about potential bribery and favoritism, common breeding grounds for corruption, have been raised.
- Mitrabara Adiperdana (MBAP) Posts Over 3,200% Profit Surge
Indonesian coal mining giant PT Mitrabara Adiperdana Tbk (MBAP) reported a staggering 3,281% year-on-year surge in net profit to US$17.02 million for the nine months ending Q3 2026. This growth was driven by increased revenues and a significant rise in gross profit.