JAKARTA - PT Hartadinata Abadi Tbk (HRTA) has obtained a contract of gold jewellery export contract with RKD Solutions (RKDS) worth IDR 1.77 trillion. The contract of this gold jewellery export will be added into the company’s revenue portfolio for the past two months since December 2023.

Ong Deny, Corporate Secretary of HRTA, mentioned that this gold jewellery export contract will push production and sales of the company. “The number of orders is 160 kg per month or a total of 1,920 kg of gold jewellery with content of 91.6%,” said Deny in the information disclosure quoted Monday (22/1).

The contract of gold jewellery export officially takes effect following the signing of Memorandum of Understanding (MoU) last week (17/1). This supply contract of jewellery with RKDS will last until December 31, 2024.

On December 15, 2023, the issuer also signed supply contract with Bright Metal Refiners (BMR) of 500 kg of gold jewellery worth IDR 465.21 billion. This gold jewellery supply contract will take effect until March 15, 2024.

The stock price of HRTA, however, did not indicate any positive sentiment following this gold jewellery export MoU signing with RKDS. On January 17, HRTA was closed at its lowest of IDR 366 per share, after peaking at IDR 390 per share.

The volume of transaction clocked up to 15.63 million, recorded within 2,386 transactions worth IDR 5.85 billion. The foreign buy and sell were seen at 5 million and 233,800 shares, respectively. (LK/ZH)