JAKARTA (Yosefardi) – Shares of PT Cipaganti Citra Graha Tbk (DPGT), transportation services unit of Cipaganti Group, surged 13.56% to Rp335 per share this morning. Compared to IPO price (Rp190), the stock has gained 76%.
Cipaganti has obtained Rp250 billion loan from PT Bank CIMB Niaga Tbk (BNGA), used to repay debt and purchase new fleets.
Cipaganti plans to invest Rp715 billion to Rp1.1 trillion this year and next year, to fund the purchase of 2,000 new fleets, consisting of 900 units of taxy, 500 units of shuttle bus, 500 units of rental car, 50 units of big bus and 50 units of heavyequipment.
CPGT targets to book net profit of Rp95 billion this year, compared to Rp76 billion last year.