Steady performance brings INKP to receive 3 categories of Indeks52
![](https://photos.idnfinancials.com/d/1600x900/indeks52/mae-2024/mae.jpg&nc)
JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP), one of paper manufacturers under APP Group of Sinarmas, is once again listed under three categories of Indeks Tempo-IDNFinancials 52 following annual evaluation, effective per June 2024.
INKP still remains under Main Index, High Growth, and Big Market Cap categories of Indeks52, after scoring satisfactory performance for the past year.
In 2023, INKP reported net profit of USD 411.4 million, down quite significantly from USD 857.5 million seen in 2022. However, compound annual growth rate (CAGR) of its net profit within the past 5 years still reaches 10.71%.
Said achievement is accompanied with high-performing stock, with market cap that reigns in pulp and paper industry at IDR 52.4 trillion as of March 2024.
Not only that, with stock price that can be quite pricey for some, INKP remains popular among investors in the stock market. Its stock liquidity remains superior despite INKP’s price seen at IDR 8,075 each as of July 26, 2024, reflected through daily average transaction volume and frequency, further supported by public shares’ portion of 46.75% until March 2024.
Indeks52 is known to consider primary criteria, including market cap, profit growth, and average dividend yield. Additionally, the constituents are also selected based on their stock liquidity, as well as minimum free float rate of 7.5%, complying with the stock exchange authorities.
After annual evaluation, Indeks52 now comprises 84 constituents, declining in numbers from 96 recorded at the initial launch in Jakarta, June 23, 2023.
On Friday, July 26, 2024, INKP reportedly granted support when Tempo and IDNFinancials held the second edition of Malam Apresiasi Emiten Indeks52 at Novotel Balikpapan, an event which serves as awarding night for issuers that have been listed under Indeks52. (ZH)