JAKARTA - On Friday, January 27, UBS AG Singapore S/A Burlingham International Ltd., a Singapore-based foreign investor, increased its stake in PT Pan Brothers Tbk (PBRX). The investor that previously owned 11.52% of this garment company purchased another 2,700,456,000 shares, increasing its ownership to 18.98%. Another significant transaction was completed by PT Indotambang Perkasa, which reduced its stake in PT Astrindo Nusantara Infrastruktur Tbk (BIPI). Indotambang Perkasa immediately sold off 1,300,000,000 shares of BIPI, reducing its ownership by approximately 2% to 21.33%.

Furthermore, three transportation issuers appear to have been successful in attracting new investors' attention. By purchasing 353,400,000 BPTR shares, PT Oscamas has acquired 11.39% of PT Batavia Prosperindo Trans Tbk (BPTR). Following that, PT Patin Resources invested in another transportation company, PT Trans Power Marine Tbk (TPMA), by purchasing 315,896,590 shares, or 12% ownership. Furthermore, individual investor Belivin Tannadi recently owned 6.17% of PT Guna Timur Raya Tbk (TRUK) after purchasing 6,837,100 shares. Then, PT Exa Nusa Persada took another investment step by acquiring another 2.2 million shares of PT Tera Data Indonusa Tbk (AXIO).

The controlling shareholder PT Selis Investama Indonesia, on the other hand, made the decision to divest, selling 130.47 million shares of electric bicycle issuer PT Gaya Abadi Sempurna Tbk (SLIS). PT JAF Asia Investment is also seen selling 34.92 million shares of PT Arkha Jayanti Persada Tbk (ARKA), a heavy equipment manufacturer. As for the foreign investors, UOB Kay Hian (Hong Kong) Ltd. sold 214.76 million shares of PT Central Proteina Prima Tbk (CPRO) again, and the GOTO Peopleverse Fund still released 21.25 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO). (KD)

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