Cheese manufacturer PT Mulia Boga Raya Tbk (KEJU) and palm oil producer PT Palma Serasih (PSGO) received a strong response from investors when the two companies listed their shares on the stock market on Monday. Shortly after the bell signaled the start of the first trading session, the price of Mulio Boga shares hit Rp 1,125 (8 US cent), a 50 percent increase from the offering price of Rp 750 in the company’s initial public offering (IPO). Meanwhile, Palma Serasih shares traded at Rp 178, a 70 percent increase from its IPO price of Rp 105 per share. The share price also continued to increase, reaching Rp 206 in early trading on Tuesday.
November 27 2019, The Jakarta Post - Read 15 times