JAKARTA (Yosefardi) – Newly listed Bank Nationalnobu gained another 24.53% to Rp660 this morning. That means the stock has gained over 76% in three days of trading.
Nationalnobu is a JV between Lippo Group and Pikko Group. At Rp660 per share, Nationanobu currently has market capitalization of Rp2.7 trillion, ten times its equity as at December 31, 2012.
The bank has total assets of Rp1.2 trillion as at Dec 31, 2012.
Lippo-related property developer PT Gowa Makassar Tourism Development (GMTD) Tbk also surged 19.46% this morning to Rp8900. That means GMTD already gained 1250% year-to-date.