JAKARTA (Yosefardi) – Some shares of Bakrie-related companies were hit by profit taking this morning, turned the stocks in red zone after gaining on Wednesday (Sep 4).
Bumi Resources Minerals (BRMS) fell 0.7%, Berau Coal (BRAU) declined 0.6%, and Visi Media down 0.6%. Coking coal producer Borneo Lumbung Energi (BORN), partner of Bakrie Group in Bumi Plc, lost 3.77%.
Bumi Resources, Energi Mega Persada (ENRG), Bakrie Telecom (BTEL), Bakriland Development (ELTY), Bakrie Sumatra Plantation (UNSP), and Dharma Henwa (DEWA) were flat.
Investors were brave enough to revisit Bakrie Group stocks in the past few days as the group, heavy on resources business (coal, minerals, palm oil & oil and gas) with their flagship company Bumi Resources (BUMI) carries huge amount of debts.