Tag: 闵行区黑灯舞厅

Saratoga to expand investment portfolio amid stock market losses

first_imgThe figure was similar to last year’s investment allocation of $100 million, according to a previous report by Kontan.The investment firm, backed by former Jakarta deputy governor and 2019 vice presidential contender Sandiaga Uno, currently has 15 companies in its portfolio.They including publicly listed companies like coal miner PT Adaro Energy, telecommunication tower firm PT Tower Bersama Infrastructure and automotive firm PT Mitra Pinashtika Mustika (MPM), stocks of which also took a severe hit in the pandemic.Since the beginning of this year, Adaro lost 33.76 percent of its value as of Thursday, while Tower Bersama and MPM share prices declined by 4.88 percent and 24.06 percent, respectively.Saratoga’s portfolio also includes several privately-owned companies like hospital firm PT Famon Awal Bros Sedaya and pharmaceutical firm PT Deltomed Laboratories.The firm’s finance director, Lany D. Wong, stated that the company remained confident on its investees’ stock performance this year, as some of those share prices had regained strength amid the gradual market recovery in April and May.“We are also confident about our investees’ financial performance, as they have good underlying,” said Lany.Meanwhile, Saratoga received approval from its shareholders to disburse Rp 149.2 billion in dividends this year, equal to Rp 55 per share, from its 2019 profit, she continued.The company pocketed Rp 7.37 trillion in net profit in 2019 as it booked Rp 6.23 trillion in net gains on investments. It also booked Rp 2.84 billion on dividends, interest and investment income last year.  Saratoga Investama recorded investment losses at Rp 5.9 trillion (US$418.8 million) in this year’s first quarter, a turnaround from Rp 1.39 trillion in profit it booked in the same period last year, as mark-to-market share prices plunged. The Jakarta Composite Index (JCI), the main gauge of Indonesian share prices, has dropped more than 21 percent since the beginning of the year, fuelled by investors’ fear over the impact of the COVID-19 pandemic on the economy.The company’s natural resources stocks portfolio recorded the steepest fall in the first quarter this year with Rp 3 trillion in losses against Rp 509.8 billion in the same period in 2019. In general, it focuses its investment on infrastructure, natural resources and consumer sectors.The company would continue investing in the three sectors, while it expected to score the new investment deals in the next six to 12 months, as it was currently conducting due diligence, Devin said.“We are allocating around $50 million to $100 million for this year’s investments,” said Devin. Publicly listed investment firm PT Saratoga Investama Sedaya plans to expand its investment portfolio after losses sustained in the stock market crash induced by the COVID-19 pandemic.The company’s investment director, Devin Wirawan, said on Wednesday that Saratoga had been assessing several companies and was determining the timing to purchase the stocks.“As an active investment company, we will actively buy new stocks when share prices fall as many of them become more affordable for us,” he told the press during a virtual press briefing, adding that the company would also remain cautious in expanding its portfolio.center_img Topics :last_img read more

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Monk: Oliveira will suit Swans

first_img “A few years ago he was up and coming and linked with some big clubs, but for whatever reasons things did not quite pan out,” Monk said. “He’s had quite a few changes of manager – sometimes your face fits and sometimes it doesn’t – and maybe managers so far have not drawn things out of him. “This could be the chance to show what he’s got and prove a point to himself and to us. “Technically and physically he’s a very good player and one I feel will suit us, but he’s going to have to come in and earn it. “He needs to get his head down and get up to speed in training, but I know he’s looking forward to trying to test himself in this league.” Monk had been keen to add firepower to his squad with Ivory Coast striker Wilfried Bony away in January and the start of February at the African Cup of Nations and possibly missing as many as six Swansea games. Bony’s absence would have left Bafetimbi Gomis as the only senior striker in the Swansea squad during that new year period but for the recruitment of Oliveira who, Monk confirmed, could sign on a more permanent basis next summer. Monk also again stressed that Gomis, whose start in the 1-0 win at Hull on Saturday was only his third since his summer move from Lyon, will not be leaving in the January transfer window amid reported interest from Crystal Palace and Newcastle. “When Bony goes, Bafe will be given the chance and it’s his shirt to lose,” Monk said. “Then it’s up to Nelson to earn his chance, not just for now but for the future too. “It’s a good chance for him to prove himself and who knows then what will happen in the future. “If things go well here it’s something we will look at, but I’m not looking that far ahead as right now it’s about him earning the right to be involved with this squad.” Eighth-placed Swansea welcome Aston Villa to the Liberty Stadium on Boxing Day for their only home fixture of the festive period, with Liverpool and QPR to follow. But Monk insists it will be business as usual with the players training on Christmas Day before returning home to their families. “It’s not too much of a problem but is nice to be at home,” Monk said. “We will train in the morning but they are used to that. It’s part of the job but the players are educated about nutrition and will stick to their diets. “They will enjoy it with their families, but they know they have a big game the next day. They are adults and you trust them to do the right things. “We have to approach it like a normal game even though it is this time of the year. It’s a very important game for us, we have stressed that to the players and they have to be ready.” Swansea manager Garry Monk believes Nelson Oliveira will suit the club’s style of play after handing the Portugal striker the chance to spark his career. Press Association The 14-times capped Oliveira played for Portugal at Euro 2012 but he has made only one appearance for Benfica this term and after loan spells at Deportivo La Coruna in Spain and French club Rennes in the last two years he will join Swansea on January 1 until the end of the season. Yet only two years ago the 23-year-old Oliveira was being linked with a £24million move to Manchester United while Chelsea and Manchester City both reportedly made repeated checks on a player who has represented his country at every age grade from Under-16s to senior level. last_img read more

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Super Early Bird offer for Betting on Football 2018

first_img Share SBC’s Barcelona Summit to become digital-only event May 29, 2020 SBC strengthens sales team with Ross Main appointment April 17, 2020 Related Articles StumbleUpon Share DOWNLOAD: Superbet CEO stars in first SBC Magazine for 2020 January 28, 2020 Submit Tickets are now on sale for next year’s Betting on Football conference, which has been scheduled for 20-23 March to address key industry issues ahead of the FIFA World Cup in Russia.Delegates who purchase tickets before 1 December will be eligible for the Super Early Bird offer with a 50% discount on ticket price. Get your tickets HERE.Following on from the success of Betting on Football 2017 at Stamford Bridge, after which 97.4% of delegates said they would recommend it to a colleague, the fifth edition of the largest international football and betting conference will return to the home of Chelsea FC.More than 1,500 senior executives are expected to attend #bofcon2018, which will feature more than 180 world class industry speakers across multiple targeted conference tracks, including a full day dedicated to Russia 2018, and specific tracks around sponsorship and market profiles across the globe. Once again, it also provides an opportunity to make high level connections with three evenings of networking parties at some of the best venues in London.The ‘World Cup and beyond’ track will focus on trading algorithms for the tournament, the increased importance of CRM, the balance between acquisition and retention, the use of big data, the battle for social media supremacy and ‘Life beyond the bonus’.Meanwhile, Betting on Football will emphasise its international appeal with updates around seven of the biggest sports betting jurisdictions, including the fast-growing markets in Spain and Italy, increased legislation and mobile betting advancements across Africa, and the move towards legalised sports betting in more of the US states.Former CCO of AC Milan Jaap Kalma will be heading up the event’s exclusive Betting on Sponsorship track. He commented: “Betting on Sports and Betting on Football have in my view quickly become must-attend events for those in the betting world and those in related industries, such as key suppliers, but also given the ever greater importance of partnerships both for operators and rights holders, for sports teams.“The format allows you, in very little time, to update yourself on the state-of-the-art of the industry and to establish connections with all the key players. Highly recommended.”Super Early Bird tickets for the biggest ever Betting on Football conference, headline sponsored by OPTIMA and VSoftCo, are available for just £349 (+VAT) until 1 December. After this date, ticket prices will revert to the standard rate of £699 (+VAT).SBC Managing Director Andrew McCarron said: “We are excited to launch this Super Early Bird offer for next year’s Betting on Football. We believe it provides the best value of any conference ticket on the market. In 2018, no other conference will have such a high concentration of leaders, decision makers and speakers from across the sector.”last_img read more

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