🔴 TBS Energi Utama is trading 5.35% down with no clear new company-specific catalyst

TBS Energi Utama is trading 5.35% down at IDR 478.00, with no clear new company-specific catalyst identified for the October 27 drop.

• Earlier-week closes were IDR 416.00 on October 22 and IDR 520.00 on October 23, before falling to IDR 505.00 on October 26.
• HPS’s investment commitment of up to S$555 million concerns waste-business expansion and remains subject to shareholder approval.
• The company said it knew of no other new material information.