ASABRI Portfolio Entry: Kimia Farma Stock Performance

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Yosepha Pusparisa 15/01/2020 14:48 WIB
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PT Kimia Farma (Persero) Tbk (KAEF) Stock Performance
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PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (ASABRI), an Indonesian state-owned insurance company, is facing investment problems due to failed stock investments. Many of its holdings have seen share prices fall by more than 50%. One example is PT Kimia Farma (Persero) Tbk. (KAEF), whose share price has plummeted by 57% in the last year.

On January 1, 2019, Kimia Farma's share price reached Rp 2,600 per share. Although it rose to Rp 3,800 per share on April 1, 2019, it fell again to Rp 1,100 per share by the close of January 13, 2020.

ASABRI's last reported shareholding in Kimia Farma was 5.29%.

Editor : Safrezi Fitra

"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."

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