Alam Sutera touched a new record high as the stock advanced 4.23% to Rp740 per share with 104.38 million shares exchanged hands. The stock has rallied from Rp410 in September 2012.
At Rp740 per share, Alam Sutera Realty currently has market capitalization of Rp14.54 trillion, more than three times equity as of September 30, 2012 (Rp4.18 trillion).
Alam Sutera booked net profit of Rp750 billion in nine months of 2012, almost doubled from Rp417 billion in the corresponding period of 2011 as sales revenue jumped 70% to Rp1.72 trillion.