JAKARTA (Yosefardi) – State cement maker PT Semen Indonesia Tbk (SMGR) plans to split its stock, one for five, this year, when the stock price reached Rp20,000 per share.
Dwi Soetjipto, SMGR’s president director, said the fair price of SMGR should be at range of Rp4,500 to Rp5,000 per share.
At 2.49 pm Jakarta time, SMGR gained 1.24% to Rp16,300 per share. The stock had almost reached Rp19,000 last month.