POOL Stock Price Plummets, Contributing to ASABRI's Investment Failure
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Investment failures cast a shadow over PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (ASABRI). The portfolio of State-Owned Enterprises (SOEs) shares has seen a decline of around 50 percent to over 90 percent.
PT Pool Advista Indonesia Tbk. (POOL) is one of the companies entangled in ASABRI's investment failures. On January 1, 2019, its share price was still Rp 5,075 per share. Its value steadily declined to Rp 156 per share at the close of trading on January 13, 2020.
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