JAKARTA. PT Dian Swastika Sentosa Tbk (DSSA) is planning a stock split with a ratio of 1:10, from IDR 250 per share to IDR 25 per share. DSSA, indeed, is recording the current highest share price in Indonesia Stock Exchange (IDX).

According to IDX data, DSSA’s current stock price is at IDR 129,900 per share, as seen at today’s (20/5) opening, and even peaked at IDR 147,000 per share in January 2024. DSSA debuted through initial public offering (IPO) on December 10, 2009, with stock price of IDR 1,550 per share. As of now, its market capitalisation reaches IDR 100,094 trillion.

In the prospectus, it is mentioned that after the stock split, DSSA’s stock will consist of 7,705,523,200 shares, including treasury shares of 1,541,053,270. The management said that the stock split is meant to increase DSSA’s stock liquidity.

DSSA is a company under Sinar Mas Group that is engaged in the electricity and steam power industry, listing several subsidiaries in the mining, trading, technology, and chemical industries. (AM/ZH)