RATU Looks to Manage Market Expectations After Nearly 400% Rally

Analysts warn that RATU’s rumor-fueled rally may turn around later and result in a steeper down phase.

Bisnis, JAKARTA — Happy Hapsoro’s PT Raharja Energi Cepu (RATU) recently saw its stock price surge far past its initial public offering (IPO) price after gaining 10 percent on Friday (24/1/2025), reaching IDR 7,150 per share.

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