TBS Energi Utama is trading at IDR 338.00, up 6.96%, amid a market rebound.
- Indonesian shares rebounded after authorities introduced measures to curb selling pressure amid concerns over MSCI’s proposed change to Indonesia’s index status; Jakarta’s benchmark rose 3% on October 20.
- The October 20 restructuring announcement covered S$138.19 million in subsidiary share transfers, intended to simplify the group structure, with no material financial impact; it is not established as the reason for the gain.