Dimensional Fund Snaps Up CUAN Shares Post-Stock Split

Bisnis.com, JAKARTA — Investment giant Dimensional Fund Advisors LP is reportedly in a buying spree of PT Petrindo Jaya Kreasi (CUAN) shares following the latter’s recent stock split.

According to Bloomberg, Dimensional purchased 6.16 million CUAN shares on July 16, bringing Dimensional’s total holdings to 93.55 million shares. This purchase aligns with the current analyst consensus on CUAN, consisting of two “Buy” ratings and one “Hold” rating, with a 12-month target price (TP) of IDR 1,610.