Revisiting Rimau Multi
Shares of logistics and warehousing company Rimau Multi Putra Pratama (CMPP) fell 4.82% to Rp790 on Tuesday (Nov. 7), but the stock has surged 507% from Rp130 on August 6, 2017, after trading flat for long since mid 2014. This stocks was not liquid and trading volume was light meaning that only company’s owners and certain parties traded in CMPP. But starting June this year, trading volume of CMPP grew significantly along with its substantial gains in prices. It peaked at Rp1,325 on September 10, 2017.
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