ASABRI Portfolio, TRAM Stock Price at its Lowest Point Since 2019
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Indonesia's Armed Forces Social Security Agency (ASABRI) is entangled in a problem of failed stock investments. Most of the stocks in its investment portfolio have plummeted, prompting an audit by the Supreme Audit Agency (BPK).
One of ASABRI's investment companies caught in this maelstrom is PT Trada Alam Minera Tbk (TRAM). The company's share price has been declining over the past year.
On January 1, 2019, TRAM's share price was at Rp 170 per share. This then steadily declined to Rp 50 per share at the close of January 13, 2020.
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