Shares of Merdeka Battery Materials (MBMA), a company co-owned by Provident Capital, Saratoga Group, and Garibaldi ‘Boy’ Thohir, ended higher by 1.64% to Rp620 on Tuesday (Nov 21). The stock is now traded way below initial public offering (IPO) price (Rp795) and a far cry from target price set by some brokerage firms (Rp990).To subscribe please click here
