JAKARTA - PT AKR Corporindo Tbk (AKRA) and PT Medco Energi Internasional Tbk (MEDC) recorded highest market capitalisations among their competitors in the oil and gas industry in 2023. From several criteria to be mentioned below, AKRA seemed to surpass MEDC.

Based on IDNFinancials data compiled today (18/1), AKRA recorded market cap of IDR 32.31 trillion as of January 17. It was closed at IDR 1,610 per share yesterday, after peaking at IDR 1,640 and hitting the lowest at IDR 1,595 per share. Its outstanding shares clock up to 20.07 billion.

Its latest interim dividend was recorded at IDR 25 per share, totalling to IDR 493.42 billion, which was distributed on November 15, 2023. It referred to its Q3 2023 Financial Report, in which the net profit reached IDR 1.71 trillion, retained earnings were IDR 8.81 trillion, and total equity was worth IDR 13.10 trillion. Its dividend yield was 2.10%.

On the other side of the competition, market cap of MEDC was seen at IDR 30.79 trillion yesterday (17/1), also recording closing price of IDR 1,225 and outstanding shares of 25.13 billion. It once peaked at IDR 1,260 and recorded the lowest price of IDR 1,210 per share.

MEDC’s interim dividend in 2023, distributed on December 15, 2023, was recorded at IDR 15 or a maximum of USD 25 million. It was decided based on its Q3 2023 Financial Report, which stated its net profit of USD 242.37 million, retained earnings of USD 1.17 million, and total equity of USD 1.99 million. Its dividend yield was recorded at 1.33%. (LK/ZH)