PTPP Explores Opportunities for Its Shares Amid Negative Sentiment on BUMN Karya

Despite the prevailing negative sentiment affecting BUMN Karya's business performance and shares, PTPP still stands a chance to enhance its performance this year. Moreover, its shares are deemed to harbor significant growth potential over the next 12 months.

Dionisio Damara

9 Feb 2024 - 21.06
A-
A+
PTPP Explores Opportunities for Its Shares Amid Negative Sentiment on BUMN Karya

Multi-storey building construction project activities carried out by PT PP (Persero) Tbk. in Jakarta, Wednesday (16/2/2022). Bisnis/Arief Hermawan P

Bisnis, JAKARTA — Despite the prevailing negative sentiment surrounding state-owned construction companies (BUMN Karya), shares of PT PP (Persero) Tbk. present a promising opportunity for investors to consider.

The performance of PTPP's shares hasn't been particularly positive this year. However, there have been recent positive movements, with PTPP shares strengthening notably over two consecutive days on February 5th and 6th, 2024, by 1.49% and 2.44%, respectively.

However, PTPP shares experienced a decline on Wednesday (7/2/2024), with a drop of 2.38%, closing at IDR 410. This position reflects a year-to-date (YtD) decrease of 4.21% for PTPP shares in 2024.

Comparatively, PTPP's performance is relatively better than its counterpart, PT Adhi Karya (Persero) Tbk. (ADHI), which suffered a YtD decline of 8.97%. Additionally, two other state-owned construction companies, WIKA and WSKT, remain suspended due to involvement in a debt default case.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Nindya Aldila
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.