Shares of industrial estate developer, Kawasan Industri Jababeka (KIJA) fell 6.3% from its peak this year, trading at Rp162 on Monday (July 25), with market capitalization of Rp3.3 trillion. It is valued bigger than its peers–Lippo Cikarang/LPCK (Rp2.92 trillion), Surya Semesta Internusa/SSIA (Rp1.67 trillion), and Bekasi Fajar/BEST (Rp1.2 trillion), but nothing compared to Sinarmas Group’s Puradelta Lestari (DMAS), which develops Deltamas City (Rp7.8 trillion).
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