Latest news with #Indonesia
Yahoo
3 hours ago
- Business
- Yahoo
Archer Aviation (NYSE:ACHR) Partners With Jetex To Expand Global Air Taxi Network
Archer Aviation has recently announced a strategic partnership with Jetex, aimed at expanding its infrastructure for air taxi operations globally, starting with the UAE. This collaboration, alongside other initiatives like partnerships in Indonesia and New York, aligns with the company's ambitious global expansion strategy. Within the last quarter, Archer's stock price increased by 23%, a movement that may have been influenced by these positive developments, especially in a flat market environment. Although the market rose 10% over the past year, Archer's robust partnerships and product advancements likely added weight to its notable quarterly performance. Archer Aviation has 4 warning signs (and 2 which are concerning) we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Archer Aviation's total shareholder return reached 233.33%, highlighting a substantial increase and outpacing both the US Aerospace & Defense industry and the broader market. Comparatively, the industry achieved a return of 33.4% and the market returned 9.9% during the same timeframe. This growth suggests a positive reception to the company's ongoing partnerships and expansion efforts. The strategic collaborations, particularly in the UAE, New York, and Indonesia, may bolster Archer's revenue and earnings forecasts, despite its current unprofitable status. Analysts project a robust 58.1% annual revenue growth, which is significantly higher than the US market's expected growth. This aligns with the company's ambitious global expansion activities outlined in recent announcements. Regarding valuation, Archer's current share price represents a 17% discount to the consensus analyst price target of $11.94, indicating potential for future appreciation if forecasts align with strategic execution. However, with a Price-To-Book Ratio of 6.4x, it remains more expensive compared to the US Aerospace & Defense industry average of 3.3x, which investors should consider when evaluating Archer's future prospects. Our comprehensive valuation report raises the possibility that Archer Aviation is priced lower than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACHR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Jazeera
3 hours ago
- Business
- Al Jazeera
Russia, Indonesia deepen ties as Putin and Prabowo meet in St Petersburg
Russian President Vladimir Putin met his Indonesian counterpart Prabowo Subianto as Moscow bids to strengthen ties in the Global South amid Western efforts to isolate the country following its war on Ukraine. On Thursday, Putin and Prabowo met in the Russian city of St Petersburg and signed a declaration on strategic partnership. Danatara, Indonesia's sovereign wealth fund, and the Russian Direct Investment Fund, whose CEOs were also in Saint Petersburg, signed an agreement to create an investment fund worth 2 billion euros ($2.29bn). In a statement after the talks, Prabowo said that the relationship between the two countries was 'getting stronger again'. 'My meeting with President Putin today was intense, warm and productive. In all fields of economics, technical cooperation, trade, investment, agriculture – they all have experienced significant improvements,' he said. Moreover, during the meeting at the Konstantin Palace, Putin acknowledged Indonesia's entry into the BRICS (Brazil, Russia, India, China, South Africa) grouping of emerging economies as a full member. 'Our relations with Indonesia are developing steadily. Trade turnover is growing. We have good prospects in a number of promising and very interesting areas of cooperation,' Putin said, according to Russian state news outlet TASS. 'This includes agriculture, space, and energy, as well as military-technical cooperation. Our interaction is very great, and it is growing,' he added. As Southeast Asia's largest economy relies primarily on coal as a source of power, despite its massive potential for renewable energy sources such as hydro, solar, and geothermal, Indonesia is seeking to boost power generation while capping its carbon emissions, considering nuclear power as a solution. With Jakarta maintaining a neutral foreign policy, it has walked a delicate balance between regional competitors, China and the United States. But Prabowo, who came to power last year, has looked to diversify the country's alliances instead of relying heavily on Western partners. His decision to skip the G7 summit in Canada this week in favour of talks with Putin raised fears of a tilt towards Moscow, analysts have said, after the two countries held their first joint naval drills last year. Meanwhile, the Russian leader said that on Friday, he and Prabowo will take part in the plenary session of the St Petersburg International Economic Forum.
Yahoo
4 hours ago
- Business
- Yahoo
Archer Aviation (NYSE:ACHR) Partners With Jetex To Expand Global Air Taxi Network
Archer Aviation has recently announced a strategic partnership with Jetex, aimed at expanding its infrastructure for air taxi operations globally, starting with the UAE. This collaboration, alongside other initiatives like partnerships in Indonesia and New York, aligns with the company's ambitious global expansion strategy. Within the last quarter, Archer's stock price increased by 23%, a movement that may have been influenced by these positive developments, especially in a flat market environment. Although the market rose 10% over the past year, Archer's robust partnerships and product advancements likely added weight to its notable quarterly performance. Archer Aviation has 4 warning signs (and 2 which are concerning) we think you should know about. Find companies with promising cash flow potential yet trading below their fair value. Over the past year, Archer Aviation's total shareholder return reached 233.33%, highlighting a substantial increase and outpacing both the US Aerospace & Defense industry and the broader market. Comparatively, the industry achieved a return of 33.4% and the market returned 9.9% during the same timeframe. This growth suggests a positive reception to the company's ongoing partnerships and expansion efforts. The strategic collaborations, particularly in the UAE, New York, and Indonesia, may bolster Archer's revenue and earnings forecasts, despite its current unprofitable status. Analysts project a robust 58.1% annual revenue growth, which is significantly higher than the US market's expected growth. This aligns with the company's ambitious global expansion activities outlined in recent announcements. Regarding valuation, Archer's current share price represents a 17% discount to the consensus analyst price target of $11.94, indicating potential for future appreciation if forecasts align with strategic execution. However, with a Price-To-Book Ratio of 6.4x, it remains more expensive compared to the US Aerospace & Defense industry average of 3.3x, which investors should consider when evaluating Archer's future prospects. Our comprehensive valuation report raises the possibility that Archer Aviation is priced lower than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ACHR. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
7 hours ago
- Business
- Yahoo
Indonesia to sanction companies for environmental breaches at nickel industrial park
The Indonesian Government is set to impose sanctions on companies for environmental violations at the Morowali Industrial Park (IMIP), a major hub for the country's nickel production, according to a report by Bloomberg. The Ministry of Environment has cited issues such as poor wastewater management, air pollution and the use of unlicensed tailing areas. These sanctions will include government directives and fines for those found to be in breach of environmental laws. The IMIP, which houses numerous nickel smelters, will face a comprehensive audit as part of the government's crackdown. Deputy for Environmental Law Enforcement Rizal Irawan was quoted as saying: 'Sanctions on IMIP will be in the form of government directives and fines on companies proven to have violated laws." This move represents a rare but decisive step by the Indonesian Government to address the environmental impact of its rapidly expanding nickel industry. The nickel industry in Indonesia, which contributes more than half of global production, has been under scrutiny for its environmental footprint and safety concerns. The sector, predominantly owned by Chinese interests, has been rapidly growing this decade. Tsingshan Holding Group, a Chinese metals conglomerate, controls the IMIP, which has received investment of more than $30bn. Located on Sulawesi Island, the industrial park spans 2,000 hectares and employs more than 100,000 individuals. In April, the IMIP experienced a suspension of operations and increased scrutiny regarding its nickel extraction methods after a landslide. The incident sparked concerns regarding the safety of high-pressure acid leaching techniques employed in nickel extraction at the park. In a related development, the Indonesian Government recently revoked mining permits for four nickel ore companies in the Raja Ampat region. This decision followed extensive protests over environmental damage in the area, known for its exceptional marine biodiversity and status as a UNESCO Global Geopark. "Indonesia to sanction companies for environmental breaches at nickel industrial park" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
CNA
8 hours ago
- Business
- CNA
Russia's Putin meets Indonesia's Prabowo in St Petersburg in bid to deepen ties
ST PETERSBURG: Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday (Jun 19) as they explore ways to deepen what some officials have called a burgeoning strategic partnership. The deepening of ties between Russia and Indonesia, part of Moscow's bid to forge new relations with the Global South amid Western attempts to isolate it over the Ukraine war, has perturbed some powers such as Australia. Meeting in the Constantine Palace, Putin noted Indonesia's entry into BRICS as a full member and said he was sure it would make a significant contribution to the grouping, which he said was gaining clout in the world. Prabowo thanked Putin for his support over Indonesia's entry to BRICS and said that ties between the two countries were improving. Russia and Indonesia's foreign ministers, Sergei Lavrov and Sugiono, speaking in Moscow earlier this week, mentioned a possible strategic partnership between the two countries. Russia has proposed deepening military, security, trade and nuclear ties with Indonesia, which has the world's fourth-largest population. Prabowo previously visited Russia in August 2024, when he was defence minister and president-elect, and described Moscow as a "great friend", saying he hoped for stronger cooperation on defence, energy and education. Indonesia has said that it wants to build its first nuclear power plant by 2032, with 500MW capacity, aiming for it to come online in the next decade. Authorities said interested developers included Russia's Rosatom, China CNNC, and US small modular reactor producer NuScale. Indonesia, Southeast Asia's biggest economy, currently relies mostly on coal as a source of power despite boasting massive potential for renewable energy sources such as hydro, solar and geothermal. With expectations of high energy demand in the future, Indonesia is seeking to boost power generation capacity while capping its carbon emissions, eyeing nuclear power as the solution. Prabowo has maintained Indonesia's non-aligned foreign policy, vowing to befriend any country, including Russia and the United States. He has said Indonesia will not be joining any military bloc. China is Indonesia's largest trading partner, but recently Prabowo's government announced a raft of concessions for trade with the US as it looks to neutralise the effect of tariffs.
