Revisiting Ultra Jaya

Ultra Jaya (ULTJ) was traded flat at Rp4,600 Wednesday (Nov 23) but fluctuative during this month following the broader market sentiment. Year to date this stock however has gained 16.4%, outperforming the market which also gained 13.48%. Since August the buying appetite for ULTJ was increasing as the Company have boosted its trading liquidity through issuing new shares under private placement scheme. The stock peaked at Rp4850 in August 2016, then peaked again at Rp4860 in November 9, 2016.

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