JAKARTA – The stock price of PT Petrindo Jaya Kreasi Tbk (CUAN) has skyrocketed 2,050% to IDR 7,050 this afternoon (9/10) compared to its initial public offering (IPO) on March 8, 2023. This massive hike boosts its market capitalisation to IDR 79.25 trillion from IDR 2.47 trillion.

Based on IDNFinancials data, the revenue soared 347.82% to USD 309.69 million in the first half (H1) of 2024 from USD 69.69 million in the same period in 2023. Its net profit attributable to the parent entity also shot up by 163.15% to USD 29.57 million from USD 11.23 million.

Its shares are reported at 11.24 billion, 84.96% of which are owned by controllers, while non-controllers claim the remaining 15.03%. The free float rate is at 15.02%, with total shareholders of 16,608, and the ultimate beneficial owner of the shares being the one and only Prajogo Pangestu. (LK/ZH)