Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

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Erlina Fury Santika 22/06/2023 20:30 WIB

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The Jabodebek LRT is scheduled to commence operations in August 2023. Adhi Karya is entrusted with completing this project. Will this launch news generate positive sentiment for its stock?

PT Adhi Karya (ADHI) Stock Movement (March-June 2023)

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Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

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PT Adhi Karya (ADHI) Stock Movement (March-June 2023)

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The Integrated Rail Transit (LRT) or light rail train across Jakarta, Bogor, Depok, and Bekasi (Jabodebek) will undergo a trial run from July 12 to August 15, 2023. The fare will be Rp1 per trip.

According to *Katadata*, LRT Public Relations Manager Kuswardoyo stated that all passengers can try the trial run. There are no specific criteria for this soft launching of the Jabodebek LRT.

However, the public must register in advance through a link that will be posted on LRT's social media. This link will be shared starting July 10, 2023.

In addition, the Ministry of State-Owned Enterprises (BUMN) confirmed that official operations will begin on August 18, 2023. The launch of the Jabodebek LRT coincides with the Jakarta-Bandung high-speed rail, as reported by *Bisnis.com*.

The contractor entrusted with completing the LRT project is PT Adhi Karya Tbk. The appointment of this issuer, with the code ADHI, was made through Presidential Regulation Number 65 of 2016, amending Presidential Regulation Number 98 of 2015.

From its official website, ADHI is tasked with not only building the infrastructure but also the depot, elevated track construction, stations, and operational facilities.

So, did the news of the trial run have a positive sentiment on its stock movement?

The commercial operation of the Jabodebek LRT was initially planned for 2022, but was eventually canceled. Then the government gave certainty of operation again from the end of May to mid-June 2023.

Based on Yahoo Finance data, on June 14, 2023, ADHI shares rose to Rp472 per share. At that time, the news of the resumption of operations was circulated and it gave a positive response to the stock movement. The day before, June 13, 2023, the closing price was Rp462.

Although it dipped again on June 15-16, 2023, ADHI shares soared again on June 19, 2023, reaching Rp492. This is the highest share price in the last three months.

Over the past three months, the lowest point of ADHI shares reached Rp334 per share. Looking at the trading period from May 10-31, 2023, ADHI's share price was often below Rp400.

The latest update, on June 21, 2023, the shares closed at Rp482, strengthening from the previous day's Rp476. However, today, June 22, 2023, ADHI shares were slightly sluggish, falling to Rp472.

(See also: List of 10 Long-Distance Trains with Faster Travel Times as of June 1, 2023, What Are They?)

Editor : Erlina Fury Santika

"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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Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

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Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

Analyzing Adhi Karya Stock Movement Before the Jabodebek LRT Commences Operation in August 2023

Tags

Related Data

Despite Weakening, IDX Composite Remains at the 8,600 Level (Friday, December 5, 2025)

IDX Composite Weakens While Many Stock Sectors Gain (Wednesday, December 3, 2025)

IDX Composite Reaches 8,617, New All-Time High (Tuesday, December 2, 2025)

IHSG Strengthens as Many Stocks Weaken (Monday, December 1, 2025)

Ahead of the Weekend, IHSG Drops 0.43% to Level 8,508 (Friday, November 28, 2025)

IHSG Weakens, Back to 8,500 (Thursday, November 27, 2025)

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