FTSE ENTRY, MGRO READY TO DOWNSTREAM CPO
04 December 2018
Jakarta, CNBC Indonesia - Four issuers from Indonesia managed to enter The Financial Times Stock Exchange (FTSE) index for the December 2018 period. Among them are PT BRI Syariah Tbk (BRIS), PT Jaya Sukses Makmur Tbk (RISE), PT Tridomain Performance Materials Tbk (TDPM), PT Mahkota Group Tbk (MGRO).
MGRO President Director Usli Sarsi in an exclusive interview on CNBC Indonesia explained a number of business development plans going forward. One of them is related to the downstreaming of crude palm oil (CPO). In the midst of low CPO prices, this palm oil plantation issuer plans to build a cooking oil factory with an investment of IDR 330 billion and targets next year's revenue to grow 150%.
Source :
https://www.cnbcindonesia.com/news/20181203222035-8-44816/masuk-ftse-mgro-siap-hilirisasi-cpo