JAKARTA (Yosefardi) – Shares of BW Plantation Tbk (BWPT) jumped 4.08% this morning, gained 3.4% to Rp910 per share this morning, rebounded 89% from its bottom. However the stock still lost 27% from its peak year to date.
The company reported a 51.6% declined in net profit to Rp108 billion in first nine months of this year while revenues inched up 2.8% to Rp786 billion.
As reported earlier, BW Plantation plans to issue 405.1 million new shares to strategic investor at Rp850 per share, to raise Rp344 billion.
Other plantation stocks, London Sumatra gained 1.86% to Rp1640, Salim Ivomas Pratama rose 2.44% to Rp840, Sampoerna Agro increased 1.12% to Rp1820 and Astra Agro up 1.79% to Rp19,950.