A very interesting company with quickly declining shareholder count, dropping from 93k holders in September 2024 to just 72k in February, and expected to drop even more this March due to IHSG's performance.
Additionally, foreign investors have been accumulating for the past year, rising from 17% to 21%. To add even more, local retail ownership of the stock has fallen off a cliff, falling from 15% to just 9% in just a year.
I believe we have finished the second wave of wave C. We shall see more improvements in the coming days.
Additionally, foreign investors have been accumulating for the past year, rising from 17% to 21%. To add even more, local retail ownership of the stock has fallen off a cliff, falling from 15% to just 9% in just a year.
I believe we have finished the second wave of wave C. We shall see more improvements in the coming days.
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