{"id":329821,"date":"2024-10-10T01:05:27","date_gmt":"2024-10-09T17:05:27","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329821"},"modified":"2024-10-10T01:05:29","modified_gmt":"2024-10-09T17:05:29","slug":"trade-the-news-ict-opens-new-terminal-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ict-opens-new-terminal-in-indonesia\/","title":{"rendered":"Trade the News: ICT opens new terminal in Indonesia"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>POSITIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>International Container Terminal Services Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>ICT<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Hold<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 421.38<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Ports operator International Container Terminal Service Inc. (ICT) officially opened a new terminal in Indonesia that would pave the way for an expanded trade in the country.<\/p>\n\n\n\n<p>On Tuesday, October 8, ICTSI said it officially opened East Java Multipurpose Terminal (EJMT) at the Lamongan Regency after 18 months of construction.<\/p>\n\n\n\n<p>The new terminal boasts of a 300-meter quay line, deep water draft of 13.5 meters, a 500-meter swinging basin, and state-of-the-art handling equipment for bulk, project, and containerized cargo. It boasts of two of the largest post-Panamax mobile harbor cranes in East Java.<\/p>\n\n\n\n<p>\u201cThe new terminal will provide another option for our customers in Lamongan, Tuban, and as far as Central Java, serving both their domestic and international trade requirements. Backed by a deep-water berth and the largest mobile harbor cranes in East Java, our customers can now deploy larger vessels, allowing them to load more cargo and reduce their overall costs per unit by calling at EJMT,\u201d said EJMT Chief Executive Officer (CEO) Patrick Chan.<\/p>\n\n\n\n<p>For his part, Eastern Logistics CEO David Lim said that the new international liner connectivity will allow Eastern Logistics\u2019 clients to import materials directly to Lamongan shorebase, thereby reducing both transit time and logistics costs. Eastern Logistics operates Lamongan Shorebase.<\/p>\n\n\n\n<p>\u201cOur heavy lift deck and advanced crane infrastructure enable efficient handling of heavy-lift cargo, supporting energy sector projects across Indonesia, including wind farm installations and offshore platform development,\u201d he said.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/mb.com.ph\/2024\/10\/8\/ictsi-s-ejmt-opens-doors-in-east-java\">Manila Bulletin<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329821","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329821"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329821\/revisions"}],"predecessor-version":[{"id":329823,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329821\/revisions\/329823"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}