JAKARTA (Yosefardi) – Investors focused buying in shares of PT Wijaya Karya (Wika) Beton Tbk (WTON) this morning, then the stock gained 33% to Rp785 on its trading debut today (April 8). At this price, it has market capitalization of Rp6.83 trillion.
WTON lists its 8.71 billion shares at the Indonesia Stock Exchange (IDX). It offered 2.04 billion shares to public through the initial public offering (IPO), priced at Rp590 per share, raised total proceeds of Rp1.2 trillion.
WTON engages in concrete manufacture, construction services, and other related business. It booked net profit of Rp241.21 billion in 2013 on revenue of Rp2.64 trillion. In 2012, it recorded net profit of Rp179.37 billion and revenue of Rp2.03 trillion. Its assets totaled Rp2.91 trillion while liability amounted Rp2.19 trillion.