JAKARTA (Yosefardi) – Investors continue focusing buying shares of plantation firm PT Eagle High Plantations Tbk (BWPT), boosting further the stock to gain 7.5% to Rp198 per share this early morning trade.
On Wednesday (Jan. 27), BWPT, controlled by Peter Sondakh, soared 34.78%. The stock jumped 43.5% this week.
Media earlier reported that Felda Investment Corp is keen to acquire BWPT, member of Rajawali Group, at 10-15% dicount price from initial value of US$680 million.