Gudang Garam Stock Falls Despite Significant Profit Surge
Despite reporting a 308% year-on-year increase in net profit, shares of PT Gudang Garam Tbk (GGRM) have fallen over 15% in the past month. Positive news regarding the opening of its Dhoho International Airport for Hajj pilgrims in East Java has failed to lift the stock, puzzling investors.
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
- Indonesian Police Dismisses High-Ranking Officer in President's Tapping Case
The Indonesian National Police has dishonorably discharged Major General Ahrie Sonta Nasution for his involvement in an eavesdropping case targeting President Prabowo. The incident involves multiple police officials and has caused significant repercussions, raising concerns about national security.
- Jabodetabek Weather Wednesday, November 11: Hot Day, Afternoon Potential Rain in Jakarta and Bekasi
The Meteorology, Climatology, and Geophysics Agency (BMKG) predicts a high chance of rain across most of the Jabodetabek region on Wednesday, November 11. Some areas may experience heavy rain with lightning, prompting a public advisory.
- Hidayat Nur Wahid Steps Down as MPR Leader, PKS Cites New Assignment
Hidayat Nur Wahid has resigned from his position as leader of the Indonesian People's Consultative Assembly (MPR). His party, PKS, stated that he is taking on a new assignment. This development is noteworthy within Indonesia's political landscape.
- Former Prosecutor General Trial: Observers Find No Extortion in Rp3 Billion Fund Flow
In the money laundering trial of former Prosecutor General Febrie, observers have stated there is no element of extortion in the flow of Rp3 billion. Developments in the trial and discussions about the nature of the funds are drawing attention.