JAKARTA – Stock performance of PT Pantai Indah Kapuk Dua Tbk (PANI) has shot up by 212.55% since its rights issue on August 19, 2024. Compared to the time when PT Multi Artha Pratama (MAP) conducted tender offer of PANI on December 1, 2021, its price has even skyrocketed 987.37%.

Based on IDNFinancials data quoted Monday (11/11), PANI’s shares were closed at IDR 16,800 per share last week (8/11). The transaction volume was 6.09 million shares, recorded within 6,745 transactions worth IDR 102.65 billion. The number of its listed shares was recorded at 16.88 billion, with market cap reaching IDR 283.64 trillion.

Prior to this, back when PANI conducted rights issue on August 19, its listed shares were only IDR 5,375 per share. Transaction volume was recorded at 2.85 million shares worth IDR 15.35 billion, recorded within 1,068 transactions.

Meanwhile, PANI’s shares price was recorded at IDR 1,545 at closing bell on December 1, 2021, in which MAP initiated the first tender offer of PANI’s shares. At that time, transaction volume was only at 270,000 shares within only 14 transactions, valued at IDR 417.15 million. (LK/ZH)