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Article: Conglomerates shore up performance of capital market.(COMPANY PROFILE)(Statistical table)
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- May 1, 2009
CopyrightCOPYRIGHT 2009 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Backgrounds
As the country's capital market still reeling with trauma in the wake of the global financial crisis, big company groups play the role in shoring up sagging composite index (IHSG) of the Indonesian Stock Exchange (BEI). Companies grouped in a number of conglomerates dominate transactions in the share market, through subsidiaries operating in telecommunications, mining, banking, agribusiness, automotive and property sectors, etc.
Among 14 widely diversified corporations having more than one unit listed on the stock market, six manage to go through the difficult period with net profit. The six groups include state company (BUMN) group, Bakrie ...