Stocks Rage 11,000%, What’s the Relationship between Toto Sugiri and Anthony Salim?

Jakarta, CNBC Indonesia – The soaring stock price of data center issuer PT DCI Indonesia Tbk (DCI)) from day to day is an interesting phenomenon that has occurred on the stock exchange recently.

This phenomenon is also the reason for the emergence of one crazy rich new in Indonesia, is none other than the founder and President Director of DCII Otto Toto Sugiri.

In addition to Toto, the increase in DCII’s stock price will certainly provide benefits for crazy rich Indonesian lama and the boss of the Salim Group, Anthoni Salim, who is also a major shareholder in the data storage service provider.

So what is the relationship between Toto Sugiri and the new investor who is referred to as ‘strategic partner‘?

Salim’s entry into DCII

The soaring price of DCII’s shares to the level of Rp 50,250/share, the most expensive price on the stock exchange, was also the reason for the IDX’s suspension of trading on Tuesday (15/6/2021).

In his official statement, Itrsa said “there was a significant cumulative price increase for the stock.”

Of course, there are various reasons why this can happen, from the projections of future digital economic growth to the hunger of local investors for technology companies.

However, there is one other interesting thing that could be the reason for this increase in shares, the entry of Indofood boss Anthoni Salim.

Since the first floor on the stock exchange, DCII shares have experienced an upward trend. This can be seen from the trade that had penetrated the upper limit several times auto rejection top (ARA).

However, from mid-February to late May, the stock price moved relatively stable until the name of Indofood’s boss came to the fore.

Since Anthoni Salim announced his share purchase on Thursday, June 3, it has increased from 3.03% to 11.12%.

DCII’s share price also jumped from the previous day’s closing (2/6) at Rp 16,500/share to Rp 50,250/share before being suspended (15/6).

In 8 trading days since Salim’s entry into DCII, the stock price of this technology issuer has skyrocketed by more than 200%.

NEXT: What is the Salim-DCII project working on?

– .