JAKARTA - On Wednesday, February 21, individual investor Jhon Veter Firdaus Reagan acquired 110.82 million PT Pulau Subur Tbk (PTPS) shares. With this purchase, he immediately controls 5.11% of the issuer in the palm oil industry. The securities company facilitating this transaction was PT Ciptadana Sekuritas Asia.

Additionally, PT Ramayana Lestari Sentosa Tbk (RALS), the issuer that runs supermarkets and department stores, bought back 4.10 million of its shares, increasing its stake to 16.03%. PT Elang Mahkota Teknologi Tbk subsequently acquired 3.92 million shares of private hospital operator PT Sarana Meditama Metropolitan Tbk (SAME), and PT Arthakencana Rayatama purchased 2.19 million shares of fuel distributor PT AKR Corporindo Tbk (AKRA). In addition, PT Bakrie Capital Indonesia purchased a million shares of PT Bakrie Sumatra Plantations Tbk (UNSP), a different Bakrie Group subsidiary engaged in the CPO and natural rubber production industries.

Conversely, several foreign investors were observed offloading shares during this instance. The Singaporean government, through Citibank Singapore, sold 4 million shares of PT Dayamitra Telekomunikasi Tbk (MTEL), a provider of telecommunications infrastructure, and GOTO Peopleverse Fund sold 1.30 million shares of PT GoTo Gojek Tokopedia Tbk (GOTO), a technology issuer. Furthermore, it was reported that CGS-CIMB Securities (Singapore) Pte Ltd. had sold 27,500 shares of the real estate company PT Indonesian Paradise Property Tbk (INPP).

Lastly, even though in small numbers, two majority shareholders have cut back on their share portion. First, 8,700 ZATA shares were released by PT Lembur Sadaya Investama, the controller of 72.91% of the shares in the textile, clothing, and apparel industry company PT Bersama Zatta Jaya Tbk (ZATA). Subsequently, Blue Sphere Singapore Pte Ltd., the controller of 92.12% of the pharmaceutical industry company PT Darya-Varia Laboratoria Tbk (DVLA), decided to sell 3,300 shares. (KD)

Continue reading IDNFinancials, the most comprehensive market hints platform!