Jakarta, CNBC Indonesia – The share prices of PT Indosat Tbk (ISAT) and PT Bank Bukopin Tbk (BBKP) suddenly shot up today after Sri Mulyani said that state assets or share ownership in the two companies would be managed by the Minister for State-Owned Enterprises, Erick Thohir.
Observed at the close of the first trading session today, both stocks managed to shoot up. Trade data recorded that BBKP managed to jump 7.43% to the price level of IDR 376 / unit.
Not wanting to be outdone, ISAT managed to shoot faster, namely 17.23% to the price level of Rp. 3,130 / unit.
Ownership report data of the two companies noted that currently the Republic of Indonesia still holds 14.29% of ISAT shares even though the company is controlled by Ooredo Asia Pte. Ltd which owns 65% of ISAT as controller As of 30 November 2020,
Meanwhile, in Bukupin, the government still owns one million lots of BBKP shares or around 3.06%. For legal control, BBKP itself has shifted from the Bosowa group to Kookmin Bank Co. Ltd as the new controller embracing 67% of BBKP’s shares.
With the transfer of state assets to the Ministry of BUMN, it is hoped that the state can be more active in the company even though it is not the controlling shareholder so that it is expected to have a positive impact on the two issuers.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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