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Chandra Asri Red Carpet (TPIA) Performance Kerek

Bisnis.com, JAKARTA – A number of corporate actions have been carried out by PT Chandra Asri Petrochemical Tbk. in recent times, has provided positive sentiment for the company, especially in the capital market.

Meanwhile, shares of the petrochemical issuer, PT Chandra Asri Petrochemical Tbk., Gained more than 2 percent at the start of the second trading session on Monday (5/10/2020). This cannot be separated from the news of the cooperation with Royal Vokap, a company engaged in tank storage.

In the second trading session until 14.03 WIB, the Emiden stock with the TPIA code moved up 2.32 percent to the level of Rp7,725. TPIA’s market capitalization to date is IDR 137.76 trillion.

During today’s trading, TPIA’s shares moved in the range of IDR7,550-IDR7,725 per share. Meanwhile, at the end of trading on Friday (3/10/2020), TPIA’s shares closed at IDR 7,550 per share.

As is known, on Monday (5/10/2020), TPIA signed a letter of intent (LOI) with Royal Vopak to establish a joint venture (JV) to develop an industrial infrastructure business in Cilegon, Banten.

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