Home » Business » Erick Thohir’s Ambition to Imitate London and the Soar of ANTM and INCO

Erick Thohir’s Ambition to Imitate London and the Soar of ANTM and INCO

Bisnis.com, JAKARTA – After 5 consecutive days of landslides, the Jakarta Composite Index (JCI) finally closed today’s trading on Friday (26/3/2021) with a green chart.

From the ranks of the shares of the L-Q45 index, two state-owned mining issuers, PT Aneka Tambang Persero Tbk. (ANTM) and PT Vale Indonesia Tbk. (INCO) took the lead in strengthening. ANTM flew 250 points, aka 11.47 percent to the price level of IDR 2,430, while INCO had a gain of 320 points, aka 7.34 percent to a price of IDR 4,680.

The market seems enthusiastic in transacting ANTM and INCO shares. IDX trading data shows that ANTM’s shares today are traded with 3 times the volume, value and frequency of the previous day. A similar phenomenon also accompanied the increase in INCO’s share price.

The high increase in transactions is not a coincidence, because today it coincides directly with the inauguration of the battery holding of the Ministry of BUMN, Indonesia Battery Corporation (IBC), which also includes ANTM and INCO. Apart from the two issuers, two other state-owned companies, namely PT PLN Persero and PT Pertamina Persero, are also included in the IBC structure.

“There is a reason why we also invite PLN and Pertamina to join this holding, namely because the roadmap in the future is not only to produce electric car batteries but also to build infrastructure for charging stations. [mobil listrik]”Said Erick, Friday (26/3).

According to Erick, not only nickel producers, the existence of PLN and Pertamina is no less crucial. This is because, he said, without the infrastructure to support the construction of the holding, it would only waste the budget because it would only benefit the foreign electric car ecosystem.

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