Jakarta, CNBC Indonesia – Stock trading of data center issuers, namely PT DCI Indonesia Tbk (DCII), which has recently become a phenomenon in the capital market, has been temporarily suspended or suspended by the Indonesia Stock Exchange (IDX) since last June 17.
The significant soaring price movement has made the stock exchange authorities emphasize that steps need to be taken cooling down to provide opportunities for market participants to consider their investment decisions.
This means that it has been 15 days until this Thursday (8/7), the shares of the issuer owned by technology entrepreneur Otto Toto Sugiri and Indofood boss Anthoni Salim have been suspended by the Exchange.
So why has this stock been discontinued for so long?
In response to this, the IDX stated that it is currently still conducting an examination of DCII’s share transactions. This follows up on the stock suspension that was carried out on DCII since June 17. This suspension step is the first to be carried out after DCII shares rose significantly.
IDX’s Director of Transaction Supervision and Compliance, Kristian Manullang, explained that DCII shares experienced continuous price volatility.
“Under this condition, we are currently conducting an examination of the DCII share transaction. The purpose of this inspection is to ascertain whether there are indications of transaction manipulation,” said Kristian to the media crew, Wednesday (7/6/2021).
As is known, DCII shares were last traded at the level of Rp. 59,000 per share on Wednesday (16/6/2021).
The company just took the floor on the capital market on January 6, 2021 with an initial public offering price of IDR 420 per share. DCII’s shares have skyrocketed 14,000 percent from the IPO price.
In his explanation to the IDX, DCI Indonesia’s Corporate Secretary, Gregorius Nicholas Suharsono said that the increase in the company’s share price which reached Rp 59,000 per share depended on market mechanisms and market perceptions of DCII’s future.
As of June 30, 2021, DCII’s shareholder is Otto Toto Sugiri with 29.90% ownership. Marina Budiman 22.51%, Han Arming Hanafia 14.11%.
All three are controllers, while Anthoni Salim holds 11.12% ownership and 22.36% public shareholder.
As for market cap or market capitalization, DCII managed to push into the top 10 big cap aka stocks with market capitalization above Rp 100 trillion. Market cap DCII of Rp. 141 trillion, approaching PT Elang Mahkota Teknologi Tbk (EMTK) at number 9 with a market cap of Rp. 152 trillion.
DCII is currently building a data center area in Karawang, West Java.
In an official statement, the Executive Director of the Salim Group, Axton Salim who is also the son of Anthoni Salim as one of DCII’s shareholders, said that the development of the DCII data center is expected to have positive implications for the acceleration of digitalization in Indonesia.
“Today is topping off [penutupan atap] the first H2 data center building,” said Axton, in his official statement, Monday (14/6/2021).
Axton added, the construction of this building has started since the fourth quarter of 2020. The topping off marks that construction activities are entering the final stage and are expected to be completed in the fourth quarter of 2021.
This building has 10 floors with six floors of which a data room with a total capacity of 3,000 racks and a total power capacity of 15 megawatts (MW).
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