Buy this share for 1 million IDR at the beginning of 2022, it is now 18.8 million IDR

Jakarta, CNBC Indonesia – The share price of PT Adaro Minerals Indonesia Tbk (ADMR) has risen many times since its initial public offering (IPO) earlier this year.

The share price of this subsidiary of PT Adaro Energy Indonesia Tbk (ADRO) is now Rp 1,880 in trading last weekend (7/10/2022) from the primary market price of Rp 100 per share.

During trading this week, ADMR shares closed 1.72% lower on Friday (10/14/2022) at Rp 1,710 per share.

this means that, for those who bought their shares at a price of Rp100, the portfolio value is now Rp18.8 million, or a profit of Rp17.8 million, of course if they don’t release the shares until last week. Profit can be higher, if you release it when it is at this year’s price peak, IDR 3,140 in mid-April.

The shares of this company are truly phenomenal, recorded as subject to excess demand or oversubscribed up to 178 times and many times subject to automatic rejection (ARA) after being negotiated.

ADMR shares are the beauty of both local and foreign buyers. The record of net foreign purchases reached Rp2.7 trillion in the regular market. In fact, global investment managers like BlackRock, who manage $ 10 trillion funds, have also been tempted. They reportedly bought hundreds of thousands of ADMR shares earlier this month until their ownership now reaches over 20 million shares.

One of the triggers of the high investor interest in this stock is the increase in coal prices that skyrocketed after the Russian attack on Ukraine. The price of black gold in the Newcastle contract, for example, was at US $ 385 per ton last week, multiples of the US $ 150 range before Russia-Ukraine warmed up last February.

Note that by the middle of the year, Adaro’s ownership of ADMR is 68.55%, the public is 16%, and the rest is owned by different entities. The beneficial owner of the company (last beneficial owner) of ADMR are Christian Ariano Rachmat, Crescento Hermawan, Garibaldi Thohir and Michael WP Soeryadjaya, each of whom is a member of the directors of PT Adaro Strategic Investments.

[Gambas:Video CNBC]