Prajogo Pangestu's Issuer Performance Throughout 2023: Which One is the Most Profitable?

Prayogo Pangestu, one of Indonesia's richest individuals listed among the world's 50 richest by Forbes, owns five publicly listed companies on the Indonesia Stock Exchange (BEI).

These companies are PT Petrindo Jaya Kreasi Tbk (CUAN), PT Chandra Asri Petrochemical Tbk (TPIA), PT Barito Renewables Energy Tbk (BREN), PT Petrosea Tbk (PTRO), and PT Barito Pacific Tbk (BRPT).

How has their stock performance been throughout 2023? Here's a summary from Databoks and Katadata.

* PT Petrindo Jaya Kreasi Tbk (CUAN)

Katadata reported that this coal company's share price skyrocketed by 105.75% in the last month. Since its initial public offering (IPO) on March 8, 2023, CUAN's share price has surged by 6,000% from its offering price of Rp220 per share.

The BEI temporarily halted trading of CUAN shares on Tuesday, December 19, 2023, due to a significant cumulative price increase.

"As a form of investor protection, PT Bursa Efek Indonesia deems it necessary to temporarily halt trading of PT Petrindo Jaya Kreasi Tbk (CUAN) shares in the Regular Market and Cash Market starting from the first session of trading on December 19, 2023, until further notice from the exchange," stated the BEI in a written statement.

Even though trading is halted, CUAN's last recorded share price was quite high, at Rp13,425 per share. The share price is up 4,799% year-to-date (ytd). Its market capitalization has reached Rp150.92 trillion.

* PT Chandra Asri Petrochemical Tbk (TPIA)

This company's share price has increased by 134.06% year-to-date (ytd). Data from Yahoo Finance shows that the share price reached Rp2,510 per share on January 2, 2023, while the latest data as of 4 PM WIB today is Rp5,875 per share.

Following CUAN, trading of TPIA shares was also halted by the BEI starting today, Friday, December 22, 2023, for the same reason. This company's market capitalization has reached Rp508.26 trillion.

* PT Barito Renewables Energy Tbk (BREN)

Katadata notes that BREN's share price movement reached 671.79% year-to-date (ytd). This company, which had its IPO on October 9, 2023, reached a price of Rp975 per share at the close of trading. The latest data as of 4 PM today shows BREN at Rp7,400 per share.

Today's trading volume for BREN reached 17.98 million shares with a frequency of 6,162 transactions. The transaction value reached Rp134.91 billion. BREN's market capitalization peaked at Rp1,003.40 trillion.

* PT Barito Pacific Tbk (BRPT)

BRPT's share price has increased by 92.16% year-to-date (ytd). Closing at Rp765 per share on January 2, 2023, it now stands at Rp1,475 per share.

The trading volume of BRPT shares on Friday, December 22, 2023, amounted to 130.87 million shares with a frequency of 19,756 transactions and a transaction value of Rp189.10 billion. Its market capitalization is Rp132.18 trillion.

* PT Petrosea Tbk (PTRO)

PTRO's share price was Rp4,280 per share at the close of trading on January 2, 2023. The latest data on Friday, December 22, 2023, at 4 PM WIB, shows a value of Rp5,600 per share, an estimated increase of 30.84% (ytd).

The trading volume reached 4.17 million shares with a frequency of 3,495 transactions and a transaction value of Rp23.77 billion. Its market capitalization is Rp5.65 trillion.

(See also: Check the Market Capitalization of Indonesian Wealthy Person Prajogo Pangestu's Companies)