2017, State-Owned Construction Companies' Stock Prices Plummeted

Market

Lite

16/10/2017 15:49 WIB

URL has been copied

Memuat...

State-Owned Construction Company Stock Prices Fall in 2017

Decline in State-Owned Construction Company Stock Prices (December 30, 2016 – October 13, 2017)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

2017, State-Owned Construction Companies' Stock Prices Plummeted

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Decline in State-Owned Construction Company Stock Prices (December 30, 2016 – October 13, 2017)

Download

Source

A Small Font
A Medium Font
A Bigger Font

While the Jakarta Composite Index (IHSG) continues to hit new record highs and approaches the 6,000 level, the share prices of state-owned construction companies (BUMN Karya) and their subsidiaries have actually declined. Investor concerns about funding issues caused a significant drop in the share prices of all state-owned construction companies throughout 2017.

PT Waskita Beton Precast Tbk experienced the steepest decline, falling 35.13 percent to Rp 360 per share at the close of trading on Friday, October 13th, from its end-of-2016 position. PT Wijaya Karya Beton Tbk's share price decreased by 31.47 percent to Rp 565 per share, while PT PP (Persero) Tbk also saw a correction of 28.61 percent, closing at Rp 2,720 per share.

The significant investment absorbed by government infrastructure projects has raised concerns among investors that state-owned construction companies (BUMN Karya) will face funding difficulties in financing new projects next year. This is one of the reasons investors are divesting from shares of state-owned construction companies.

"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."