Latest Market Capitalization of 5 Prajogo Pangestu's Listed Companies

Prajogo Pangestu, an Indonesian conglomerate, is listed as owning at least five companies listed on the Indonesia Stock Exchange (IDX).

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

Based on RTI data, BREN is Prajogo's issuer with the largest market capitalization, namely Rp809.41 trillion at the close of trading on Friday (7/6/2024). This value makes BREN the third-largest valued stock on the IDX after BBCA and AMMN.

BREN's share price is recorded at Rp6,700 per share. The volume of shares traded reached 2.56 million shares with a frequency of 919 times and a transaction value of Rp15.5 billion.

(See also: [BREN Becomes the Issuer with the Largest Market Capitalization in Indonesia, May 3, 2024](https://databoks.katadata.co.id/datapublish/2024/05/05/bren-jadi-emiten-dengan-kapitalisasi-pasar-terbesar-di-indonesia-3-mei-2024))

Second largest is TPIA with a value of Rp735.35 trillion. This capitalization value also puts TPIA in fourth place on the IDX, just below BREN.

TPIA shares are recorded at Rp8,700 per share with a volume of 22.91 million shares and a frequency of 7,800 times. The transaction value reached Rp194.94 billion.

Third, BRPT with a capitalization of Rp90.47 trillion. Its share price is quite low, at Rp975 per share. The volume is 81.35 million with a frequency of 10,000 times and a transaction value of Rp79.17 billion.

Fourth, CUAN with a capitalization value of Rp87.69 trillion. Its share price is recorded at Rp7,475 per share. The volume is 5.61 million with a frequency of 4,100 times and a transaction value of Rp43.88 billion.

Fifth, PTRO, with a value of Rp8.04 trillion. Its share price is Rp7,875 per share. The volume is 2.88 million shares with a frequency of 2,100 and a transaction value of Rp23.14 billion.

These five issuers contribute to...

'Sad News' for BREN

Quoting *Katadata*, the renewable energy issuer BREN failed to enter the prestigious Financial Times Stock Exchange (FTSE) Global Equity index. This has become a concern for investors and capital market analysts.

Kiwoom Sekuritas analyst, Miftahul Khaer, said the failure was suspected to be due to BREN shares entering the special monitoring board for *full call auction* (FCA) exchanges. This caused fluctuations in the movement of BREN shares. Not only that, the negative market response caused BREN's share performance to continue to weaken in recent days.

“Although it is still under pressure until the first session today, we think this sentiment is only temporary,” Mifta told Katadata.co.id, Thursday (6/6/2024).

In terms of prospects, Kiwoom Sekuritas is optimistic that BREN shares have the potential to grow in the future. Mifta mentioned that this is driven by a series of corporate actions that are still being carried out by BREN.

Barito Renewables is also committed to strengthening its renewable energy portfolio and ensuring stable growth in the geothermal sector. This commitment is reflected in the routine capital expenditure for the development of the geothermal business.

(See also: [BREN Share Price Soars Over 700% in 8 Months](https://databoks.katadata.co.id/datapublish/2024/06/03/harga-saham-bren-melonjak-700-lebih-dalam-8-bulan))