JAKARTA (Yosefardi) – Shares of PT Kawasan Industri Jababeka Tbk (KIJA) dropped 6.38% to Rp220 per share at early afternoon trade today, with 45.4 million shares were exchanged hands.
The stock had fallen 45% from its peak year to date. KIJA reached Rp400 per share in Juni 2013.
The company predicts its property business growth to slow by 10% in second half this year following the declining on stocks and rupiah performances.
KIJA is now studying to adopt cost efficiency on operation in responding the slowdown on business growth. (yohanneso@yosefardi.biz)