JAKARTA (Indonesia Today) – Pharmaceutical giant Kalbe Farma (KLBF) has surged past United Tractors (UNTR) in terms of market capitalization.
Kalbe currently has market capitalization of Rp67.5 trillion, 15th largest on Indonesia Stock Exchange (IDX) behind Indofood CBP and Charoen Pokphand Indonesia. The stock gained 25.5% year-to-date.
United Tractors, heavy equipment and mining unit of Astra International (ASII), meanwhile, lost 11.7% year-to-date to make a market cap of Rp64.9 trillion.
United Tractors ended at Rp17,400 on Friday (May 3rd), almost 50% below its peak in March 2012. The company was listed in the Top 10.
XL Axiata also lost substantially by 17% year-to-date. The stock is now out of Top 20 behind Media Nusantara Citra (MNCN).
Adaro Energy (ADRO), meanwhile, is now inches above Matahari Department Stores (LPPF). Matahari has Rp37.9 trillion, while Adaro Rp38.4 trillion. Like United Tractors, Adaro has lost substantially in recent years. (Indonesia Today)