JAKARTA – The share price of PT Alamtri Resources Indonesia Tbk (ADRO) weakened by 2.22%, or 20 points, to IDR 2,200 per share ahead of the market close on Thursday (20/2).

A total of 51.77 million ADRO shares were traded, with a transaction value of IDR 114.05 billion.

On Monday (17/2), the share price of ADRO, a company controlled by Boy Thohir, stood at IDR 2,240 per share, marking a decline of 1.82% since the beginning of the week.

In Wednesday’s (19/2) trading session, foreign investors recorded a net buy of 4.17 million ADRO shares. However, by the close of trading today, foreign investors had net sold 14.81 million ADRO shares.

According to data from IDNFinancials.com, ADRO posted a net profit of USD 1.18 billion as of September 2024. With today’s closing price, ADRO’s Price to Earnings (PE) ratio stands at 2.83x, while its Price to Book Value (PBV) is at 0.59x. (DH/KR/ZH)