JAKARTA (Yosefardi) – Shares of PT Pembangunan Jaya Ancol (PJAA) Tbk, which operates Ancol recreational park in North Jakarta, jumped 23.24% this morning to Rp1750.
Investors responded positively Jakarta administration’s plan to allow Jaya Ancol expanding its area through reclamation of the beach.
Jakarta City administration is the largest shareholder of Jaya Ancol, holding 60% shares. Jaya Ancol shares have surged from Rp760 in early March 2013.
Jaya Ancol shareholders have just approved dividend payment of Rp79 billion or about 44.5% of its total net profit last year (Rp178 billion).