PT HM Sampoerna Tbk remains the largest capitalized issuer on the Indonesia Stock Exchange. On August 16, 2016, the market capitalization of this Surabaya-based tobacco company reached Rp 452.5 trillion. This figure surpassed the market capitalization of PT Telekomunikasi Indonesia (TLKM), at Rp 417 trillion, and PT Bank Central Asia (BBCA), at Rp 372.9 trillion.
In addition to having the largest capitalization, HM Sampoerna's share price is the biggest driver of the Jakarta Composite Index (IHSG), with a weighting of 8.1 percent. This issuer, with the trading code HMSP, also has the highest number of listed shares, namely 116 billion shares.
HM Sampoerna was originally a family-owned tobacco company belonging to the Sampoerna family, which was later acquired by Philip Morris, a US-based tobacco company, in a transaction valued at US$ 5.2 billion or approximately Rp 48 trillion in 2005. This transaction was also the largest acquisition in Indonesian history.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy,
but please note that automated translations may contain errors or slight inconsistencies."