Bisnis.comJAKARTA — Performance PT Amman Mineral Tbk. (AMN) projected to raise the parent entity PT Medco Energi Internasional Tbk. (MEDC) throughout the rest of the year.
Not only being the largest in Indonesia, Amman’s initial public offering (IPO) is also the largest in the world. Since taking the floor on the Indonesian Stock Exchange (IDX) on July 7 2023, AMMN shares have risen 153 percent, the biggest increase among 30 IPOs globally valued at US$500 million throughout 2023.
Launch BloombergTuesday (29/8/2023), the performance of these shares also stood out when compared to similar industries around the world, in conditions of mining stocks being pressured by rising inflation and global interest rates, as well as the decline in the Chinese economy.
2023-08-29 14:00:47
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