In today’s briefing:
- PT Petrindo Jaya Kreasi (CUAN IJ): Free Float to Determine Global Index Inclusion
PT Petrindo Jaya Kreasi (CUAN IJ): Free Float to Determine Global Index Inclusion
- Low free float market cap has kept PT Petrindo Jaya Kreasi Tbk (CUAN IJ) out of a major global index so far.
- An increase in float recently to just above 15% could result in the inclusion of the stock in the index in February and that will trigger large passive buying.
- There is positioning in the stock, and the future stock path will depend on whether it is added to the index or not.
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