JAKARTA – The Indonesia Stock Exchange (IDX) has assigned the status of unusual market activity (UMA) to data centre company PT DCI Indonesia Tbk (DCII), today (21/2), following an unusual increase in the company's share price.

As of the first trading session, by 11:18 AM WIB, DCII shares surged by 19.97% to IDR 80,650 per share. Over the past year, DCII has recorded a significant price increase of 95.28% year-on-year (yoy).

This price surge is partly driven by reports that this data centre company, owned by Toto Sugiri and Anthoni Salim, is considering a stock split.

The speculation about a stock split has been linked to the company's high share price, making it less accessible for retail investors and affecting share liquidity.

According to data from IDFinancials.com, by the third quarter of 2024, DCII reported a net profit attributable to the parent entity of IDR 449.49 billion, up 21.34% yoy from IDR 370.43 billion in the same period the previous year.

This positive performance was supported by a 15.08% yoy increase in revenue to IDR 1.1 trillion, compared to the previous period's IDR 958.14 billion. (DK/ZH)