JAKARTA – Shares of PT DCI Indonesia Tbk (DCII) surged 9.98% to IDR 154,500 per share on Friday (7/3), marking its highest price ever or All-Time High (ATH) since the company’s initial listing on the stock exchange in 2021.

Over the past month, DCII shares have recorded an astonishing 239.82% increase, the highest among 955 other listed companies on the Indonesia Stock Exchange (IDX).

It's important to note that DCII shares are now traded on the FCA (Full Call Auction) board after experiencing significant price surges. Despite this, the stock has continued to show consistent growth.

According to data from IDNFinancials.com, the recent spike in DCII’s share price has been driven by news of a planned stock split. This was confirmed by Toto Sugiri, President Director of DCII, during a media briefing in Jakarta in mid-February.

Fundamentally, DCII remains strong, with a net profit of IDR 449.49 billion as of September (9M) 2024. This represents a 21.34% increase from the 9M 2023 net profit, which stood at IDR 370.43 billion. (EF/KR/ZH)