JAKARTA - On Tuesday, November 12, investor PT Gerbangmas Tunggal Sejahtera made the decision to invest in PT Smartfren Telecom Tbk (FREN), a telecommunications company. Through PT Sinarmas Sekuritas, 44.65 billion FREN shares were acquired, giving this investor direct control over approximately 9.37% of the shares.

Additionally, PT Pangan Sejahtera Investama, the controller of consumer food manufacturer PT FKS Food Sejahtera Tbk (AISA), acquired one million shares of the company, accounting for 58.26% of the total. In this market hints list, three issuers were then noted as conducting their own share buyback activities. As many as 221,700 of its own shares were purchased by cement manufacturer PT Indocement Tunggal Prakarsa Tbk (INTP), followed by 190,000 shares by bread manufacturer PT Nippon Indosari Corpindo Tbk (ROTI) and 34,700 shares by chemical issuer PT Lautan Luas Tbk (LTLS).

Meanwhile, PT Trimegah Sumber Mas, the company's controlling shareholder, released up to 80 million shares of PT Trimegah Karya Pratama Tbk (UVCR), the aggregator company that offers gift cards and vouchers under the Ultra Voucher brand. Currently, this investor owns about 42.22% of the shares. Then, 3.62 million shares of financial services provider PT Sinar Mas Multiartha Tbk (SMMA) were released by its controller, PT Sinar Mas Cakrawala, with 51.44% of the total shares owned.

Eight million shares of cybersecurity company PT ITSEC Asia Tbk (CYBR) were later sold by INV Management Pte Ltd, one of the foreign investors in the company. Finally, two foreign investors in PT Triputra Agro Persada Tbk (TAPG), a company that deals with palm oil and rubber, Salween Investment Pte Ltd. and Gochean Holdings Incorporated, each sold five million shares. Currently, Gochean owns 5.23% of the shares, while Salween owns 7.2%. (KD)

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