Day: September 26, 2024

The Overvalued FAP Agri

Sep 26, 2024 | Market

Shares of PT FAP Agri Tbk (FAPA), a plantation firm controlled by Fangiono Family, ended flat at Rp5,300 on Wednesday (Sep 25) to make a market capitalisation of Rp19.24 trillion, substantially bigger than Astra Agro Lestari (Rp12.9 trillion) and Salim Group’s London Sumatra Plantation (Rp7 trillion).

Fangiono Family & Papua Sugar Project

Sep 26, 2024 | Commodities

Self sufficiency in food, including sugar, might be among the main programs of Prabowo presidency. Outgoing president Jokowi has recently revisited the old plan to build integrated food estates in Merauke, Papua. On July 23, 2024, he kicked off sugar plantation of PT Global Papua Abadi in Sermayam Indah village, Tanah Miring district.

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