Formosa Ingredient Factory Tbk vs Merdeka Battery Materials Tbk. — how do they compare? Formosa Ingredient Factory Tbk trades at Rp238 (market cap 286.63B, 1.7M 24h volume), while Merdeka Battery Materials Tbk. trades at Rp525 (market cap 56.16T, 24.65M 24h volume). The key difference: Merdeka Battery Materials Tbk. is far larger — about 195.9× Formosa Ingredient Factory Tbk's market cap, and Merdeka Battery Materials Tbk. is more actively traded (24.65M versus 1.7M). Which is the better fit depends on your goals.
| BOBA | MBMA | |
|---|---|---|
Market Cap | 286.63B | 56.16T |
Volume | 1.7M | 24.65M |
Lot | 16.99K | 246.53K |
Turnover | 405.37M | 12.91B |
Average Price | 238.61 | 523.76 |
Value | 405.37M | 12.91B |
Indicative Equilibrium Price | 248 | 525 |
Indicative Equilibrium Volume | 300 | 3.67K |
Trailing returns across standard periods
Latest headlines on both assets
PT Formosa Ingredient Factory, Tbk ("Company") was established based on the Deed No. 04 dated April 11, 2016 of Besus Tri Prasetyo, S.H., Notary in Tangerang. The Company started its commercial operations since August 18, 2017.
Read more on BOBA →PT Merdeka Battery Materials Tbk (formerly PT Hamparan Logistik Nusantara) (the “Company”) was established based on Notarial Deed No. 66 of Darmawan Tjoa, S.H., S.E., Notary in Jakarta, dated 20 August 2019. The Company’s immediate parent entity is PT Merdeka Energi Nusantara (formerlyPT Batutua Tambang Abadi) (“MEN”) and its ultimate parent entity is PT Merdeka Copper Gold Tbk (“MDKA”), a company incorporated in Indonesia and listed on the Indonesian Stock Exchange (“IDX”).
Read more on MBMA →