JAKARTA - Indosat Ooredoo Hutchison, also known as PT Indosat Tbk (ISAT), is a telecommunications company that recently held a stock split with a ratio of 1:4, quadrupling the number of shares in circulation. Consequently, on Wednesday, October 16, ISAT investors also noted changes in the quantity of shares they owned. Ooredoo Hutchison Asia Pte. Ltd., the ISAT controller and the owner of 65.64% of the shares announced that the number of shares had increased from 5.29 billion to 21.17 billion. Furthermore, PT Tiga Telekomunikasi Indonesia currently owns 2.01 billion shares, or 8.33% of the total, while PT Perusahaan Pengelola Aset (Persero), with 9.63%, currently owns 2.32 billion shares.

This market hint also highlights a new investor in PT Indonesian Paradise Property Tbk (INPP). Through PT Investindo Nusantara Sekuritas, PT Propertindo Prima Investama purchased 1.11 billion shares of the company that provides lodging, particularly in hotels, residential areas, and commercial areas, thus around 10% of INPP's shares were acquired by this investor. Additionally, PT Sinar Mas Cakrawala has not yet finished adding 17.48 million shares to its holdings from financial services provider PT Sinar Mas Multiartha Tbk (SMMA).

Qatar National Bank, a foreign investor, made the biggest share reduction this time. By releasing 1.42 billion shares of PT Bank QNB Indonesia Tbk (BKSW), this controlling investor reduced its ownership from 95.63% to 91.57%. Additionally, Morgan Stanley And Co. International PLC released 39,900 shares of the production and film company PT MD Pictures Tbk (FILM).

From the domestic market, PT Dyna Capital Indo sold 20.33 million shares of glove mold manufacturer PT Mark Dynamics Indonesia Tbk (MARK), while PT Samuel Tumbuh Bersama sold 27.63 million shares of palm oil company PT Nusantara Sawit Sejahtera Tbk (NSSS). Last but not least, PT. Satria Investama Perdana sold up to ten million shares of PT Satria Antaran Prima Tbk (SAPX), a company that provides expedition and logistics services. (KD)

Market hints is updated exclusively on IDNFinancials!