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BRI Leadership Bought BBRI Shares, Shows Confidence in Future Performance

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JAKARTA, Indonesia, June 14, 2024 /PRNewswire/ — PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) directors have been actively buying BBRI shares, according to information disclosed to the Indonesia Stock Exchange (BEI) on June 12.

BRI’s Deputy CEO, Catur Budi Harto purchased 230,000 BBRI shares on June 7th, bringing his total holdings to 4,045,557 shares. On the same day, BRI’s CFO, Viviana, also purchased 280,000 BBRI shares, bringing her total holdings to 3,659,500 shares. On June 10th, the Director of Micro Business, Supari, purchased 213,300 BBRI shares, bringing his holdings to 4,970,914 shares.

“The transaction is for personal investment purposes,” Agustya Hendy Bernadi, BRI’s corporate secretary, said in response.

Despite a 23% year-to-date decline in BBRI stocks, the company continues to show strong growth. RHB Securities analysts Andrey Wijaya and David Chong, in their June 11, 2024, research, suggest a potential price increase, noting that the risks are already factored in.

BRI’s financial report shows it led Big Cap banks with the fastest profit growth during the first four months of 2024, up 4.5% year-on-year. This increase, driven by robust loan growth and an effective cost of credit (CoC), included a 12% year-on-year loan increase in April. Analysts Andrey and David emphasized BBRI’s sector-leading performance, “CoC for 4M24 dropped to 3.7% (3M24; 3.8%), with expectations to drop below 3% for the entire year. CASA and LDR ratios remain stable,” they detailed in their research.

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The 4.5% profit growth for the first four months of 2024 also met analysts’ expectations, equivalent to 28% of the forecast for the year. Based on such promising potential, RHB Securities maintains and affirms a Buy recommendation for BBRI stocks with a target price of Rp6,300 per share, predicting a 40% potential increase, aligned with excellent performance.

Also, 33 analysts unanimously recommend buying BBRI stocks based on Bloomberg consensus. Not a single analyst recommends selling. All of them firmly gave a Buy rating. The Bloomberg consensus yields a potential target price of Rp6,105 per share for the upcoming 12 months.

Recently, Jayden Vantarakis, an analyst at Macquarie, gave a buy recommendation with a target price of Rp6,630 per share. Moreover, Erni M. Siahaan, an analyst at Ciptadana Securities, also gave a buy recommendation with a target price of Rp7,000 per share.

For more information on BRI, visit www.bri.co.id

Photo – https://mma.prnewswire.com/media/2438557/Three_BRI_directors_collectively_buying_BBRI_shares_indicating_optimism_future.jpg

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ROYAL CANADIAN MINT UNVEILS A NEW $1 CIRCULATION COIN HONOURING CANADIAN LITERARY ICON L. M. MONTGOMERY

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CAVENDISH, PE, June 26, 2024 /PRNewswire/ — The Royal Canadian Mint is releasing a new $1 commemorative circulation coin honouring L. M. Montgomery, one of the most prolific and widely read authors in Canadian history. On the 150th anniversary of her birth, this coin pays tribute to Montgomery’s talent and enduring contributions to Canadian and world literature, as well as her role in popularizing Prince Edward Island (PEI) and Canada through her timeless Anne of Green Gables novel series and other memorable works. This coin will start entering circulation on June 27, 2024.

“The Anne of Green Gables novels are iconic works of Canadian literature, and have captivated millions of readers in Canada and around the world,” said The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. “This new coin in tribute to L. M. Montgomery and her literary masterpieces will help keep the story of Anne in our pockets for generations to come.”

“The life and legacy of L. M. Montgomery is the kind of story that belongs on the first circulation coin to celebrate an author,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “With her iconic tales of Anne Shirley still being translated into dozens of languages and adapted for stage and screen, we are proud to have represented Montgomery’s story on a coin that will be shared and treasured for generations.”

The coin was unveiled at Green Gables Heritage Place, the family house and farmstead administered by Parks Canada that Montgomery used as the inspiration for the setting of her novel Anne of Green Gables.  Its artwork is the creation of Prince Edward Island artist Brenda Jones. It features a profile portrait of the beloved Canadian author
(1874-1942) around the time Anne of Green Gables was written, along with the author’s signature and the cat drawing she often included when signing her name.

To convey the power of Montgomery’s imagination, the coin design flows from the view of the author putting pen to paper (represented by the portfolio and inkwell) to that of Anne Shirley gazing out at PEI farmland – the real-life inspiration for many of Montgomery’s stories. The obverse features the effigy of His Majesty King Charles III by Canadian artist Steven Rosati.

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“I greatly admire my grandmother, for her contribution to Canadian literature and culture, her strength of character, and the love, pride and sense of responsibility she gave to my family,” said Montgomery’s granddaughter, Kate Macdonald Butler. “For her to be commemorated on millions of circulation coins is an unimaginable honour and I hope Canadians will cherish it as much as I do, not only for the stories she told, but for the woman she was.”

Born in Clifton, PEI in 1874, L. M. Montgomery published hundreds of short stories and poems, in addition to 20 novels, including the famed: Anne of Green Gables stories. She eventually settled in Toronto, where she died in 1942. Montgomery was finally laid to rest in PEI’s Cavendish Cemetery – a last return to the island she so cherished.

Limited to a mintage of three million coins, of which two million are coloured, this new $1 circulation coin begins circulating on June 27, 2024.  It will reach Canadians through their change as bank branches and businesses replenish their coin inventories.

Other collector products adding to this commemoration include coloured and uncoloured special wrap rolls of 25 uncirculated coins each, as well as a fine silver coin.

These collectibles can be ordered as of today by contacting the Mint at 1-800-267-1871 in Canada, 1-800-268-6468 in the US, or online at www.mint.ca/LMM.They are also available at the Royal Canadian Mint’s Ottawa and Winnipeg boutiques, as well as through the Mint’s global network of dealers and distributors.

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About the Royal Canadian Mint

The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours.  As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services.  As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations. 

For more information on the Mint, its products and services, visit www.mint.ca.  Follow the Mint on LinkedIn, Facebook and Instagram.

Images of the circulation coin and collector products are available here.

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Global Talent Partner Phaidon International Strengthens Board With New CPO

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NEW YORK, June 26, 2024 /PRNewswire/ — Phaidon International, the professional services firm specializing in securing business-critical talent, is pleased to announce the appointment of Mark Norton as the new Chief People Officer (CPO). This strategic hire reflects Phaidon International’s commitment to accelerating global growth and delivering outstanding results for clients worldwide.

 

 

Mark brings a wealth of knowledge and a proven track record in people strategy. With over 20 years of experience, he has held key leadership roles at Campari Group and Broadcom where he played a critical role in driving results through strategic talent initiatives, modernizing the operating model for commercial success.

“We’re thrilled to have Mark Norton join our executive team,” said Harry Youtan, CEO of Phaidon International.

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“Mark’s expertise will support our continuing goals to expand our global reach and deliver exceptional results for our clients. Mark’s leadership perfectly aligns with our mission to empower businesses and individuals to achieve their full potential.”

As Chief People Officer, Mark will unite Talent, Human Resources and Training functions under one single roof, to build and execute a strategy aligned to a high-performance growth organization. His leadership will be instrumental in accelerating the business as Phaidon International looks to continue its ambitious growth plans.

“I am excited to join Phaidon International and contribute to its vision,” said Mark.

“I look forward to working with the team to develop forward-thinking people strategies that not only attract and retain top talent but also drive the company’s success in the marketplace.”

This appointment comes at a pivotal time for Phaidon International as it continues to expand its services and solutions to meet the evolving needs of businesses in today’s competitive landscape, strengthening its position as a trusted talent partner and driving growth for clients and professionals globally.

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For more information about Phaidon International and its services, please visit phaidoninternational.com.

About Phaidon International

Phaidon International identifies, sources, and delivers business-critical talent to the most innovative industries in the world. Delivering its capabilities through a deliberately curated group of 6 brands, each one specializes in the following industries, where a relentless supply-demand imbalance exists:

Selby Jennings – Financial Sciences & Services
LVI Associates – Energy & Infrastructure
DSJ Global – Supply Chain
EPM Scientific – Life Sciences
Glocomms – Technology
Larson Maddox – Regulatory & Legal

Today, Phaidon International is proud to deliver excellence to clients in over 60 countries, winning over 50 independent awards along the way. Phaidon International is backed by Further Global.

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DAR GLOBAL SETS A NEW BENCHMARK IN LUXURY HOSPITALITY WITH LAUNCH OF THE $500 MILLION TRUMP INTERNATIONAL OMAN IN AIDA

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DUBAI, UAE, June 26, 2024 /PRNewswire/ — Dar Global, the luxury international real estate developer, introduces Trump International Oman at its expansive AIDA project, one of the world’s largest premium mixed-use real estate developments.

 

 

Valued at $500 million, this development includes a luxury hotel, hanging suites, furnished villas, and apartments serviced by the hotel. It features a 18-hole Championship golf course, a members-only club, and the Cliff Hanging Night Club. Opening in December 2028, the 140-key, 5-star hotel complex is beachfront, offering guests complimentary private beach access.

AIDA is a joint venture between Dar Global and the Trump Organization, in partnership with Omran Group, Oman’s executive arm for tourism development. Situated atop a hill over 100 meters high, AIDA boasts panoramic views of rocky canyons and endless beaches.

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Ziad El Chaar, CEO, Dar Global, said: “The launch of Trump International Oman in AIDA, signifies a significant leap in our endeavor to build an unmatched hospitality portfolio in the world’s most coveted destinations. Reflecting Dar Global and Trump Organization’s commitment to excellence, this landmark establishment not only sets new standards in international hospitality but also advances Oman’s tourism vision, drawing in a broader audience while stimulating domestic tourism.”

Eric Trump, EVP, The Trump Organization, said: “In collaboration with Dar Global, we proudly introduce Trump International Oman in AIDA, ushering in a new era of style, service, and exclusivity with the renowned Trump standard. This partnership reflects our shared dedication to crafting iconic luxury experiences for discerning travelers and investors, enhancing Oman’s prominence as a premier global destination.”

Unique to Trump International in Oman are picturesque hanging suites with private pools and ensuite bathrooms offering sweeping views. Complementing the golfing lifestyle are a training academy and a members-only club with exclusive amenities for networking and social events. The Cliff Hanging Night Club, a first in the ME, offers an unrivalled setting for bespoke events and celebrations. Other amenities include diverse dining options, banqueting and meeting facilities, and an expansive SPA.

Disclaimer: Trump International Oman is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Al Arkan Property Development SPC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.

Photo – https://mma.prnewswire.com/media/2448900/Dar_Global.jpg

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