Sinarmas Bank with ticker BSIM in Jakarta Stock Exchange (JKSE) have developed an upside movement since mid-December, and technical is showing an overbought across the board. Back in 10 th of December, Beritasatu.com announced that BSIM will issue new shares to the market in order to increase their capital. According to the news, CFO of Sinarmas Multiartha, the parent company of BSIM, Kurniawan Udjaja said that BSIM will be a part of BUKU III bank with capital between 5-30Trillion rupiah by 2016. Per September 2014, BSIM is currently a part of BUKU II, which only has capital between 1-5Trillion rupiah. The parent company of BSIM, Sinarmas Multiartha will also increase their ownership by 3% from their current ownership of 57%. You can read more here The same website also announced that BSIM will enter up to 60-90 places in the Java Island in 2015 for Micro, Small and Medium Businesses (UMKM). Currently, BSIM only have 6% in UMKM credit according to BSIM’s president director, w...
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