After the share price of PT Bank Pundi Indonesia Tbk (BEKS) skyrocketed for two consecutive days and underwent auto rejection, investors has started to earn profit. BEKS stock price has now increased due to PBV of 7.6 times compared with the average banking sector PBV of 1.3 times.
At the first trading session on Wednesday (14/7), BEKS share price dropped 3.51% from its peak price of Rp 135 to Rp 110 per share. For two consecutive days, BEKS stock price soared 69.04% to Rp 114 per share. Brokers with the most sold stocks of BEKS in the period 13-14 July 2016 are PT Nomura Indonesia valued at USD 17.34 billion, followed by PT Daewoo Securities Indonesia with USD 4.98 billion, and PT Indopremier Securities with Rp 4.14 billion.
The entry of PT Banten Global Development (BGD) as a new shareholder through Limited Public Offering (LPO) IV with Preemptive Rights (ER) is what improved the BEKS stock. However, the plan must wait for the approval of the Extraordinary General Meeting of Shareholders (EGM) following the EGM on Monday that failed to reach a quorum. (*)
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