Citatah Tbk. vs Merdeka Gold Resources Tbk. — how do they compare? Citatah Tbk. trades at Rp108 (market cap 134.16B, 3.18M 24h volume), while Merdeka Gold Resources Tbk. trades at Rp5,725 (market cap 84.34T, 5.06M 24h volume). The key difference: Merdeka Gold Resources Tbk. is far larger — about 628.7× Citatah Tbk.'s market cap, and Merdeka Gold Resources Tbk. is more actively traded (5.06M versus 3.18M). Which is the better fit depends on your goals.
| CTTH | EMAS | |
|---|---|---|
Market Cap | 134.16B | 84.34T |
Volume | 3.18M | 5.06M |
Lot | 31.82K | 50.56K |
Turnover | 343.65M | 29.04B |
Average Price | 108.01 | 5,743.75 |
Value | 343.65M | 29.04B |
Indicative Equilibrium Price | 111 | 5,750 |
Indicative Equilibrium Volume | 144 | 145 |
Trailing returns across standard periods
Latest headlines on both assets
Citatah was the first private company to develop Indonesia’s marble resources, and has been involved in the extraction and processing of marble for twenty five years. Established in 1974, the company began mining began mining beige marble from its quarry near Bandung, and subsequently achieved a dominant market position for its material in Indonesia. In January 1996, the company acquired a 90% shareholding in PT Quarindah Ekamaju Marmer, a marble company with quarries and a modern processing plant in Singkep, South Sulawesi. Soon after, Citatah acquired a license to mine an additional quarry at Pingkep, which increased the company’s potential raw material output to 60,000 cubic meters a year. In 1998, Citatah opened its Special Projects Centre at Karawang, East of Jakarta. This processing facility comprises a marble and granite slab cutting and polishing factory alongside a design and fabrication factory, which houses a variety of specialist cutting, shaping and finishing machinery. The special projects center is considered to be one of the most modern and complete stone fabrication factories in the world. In 1999, Citatah began excavation at a 50 hectare quarry site in West Timur. This new quarry produces a unique and attractive beige marble which will become the company’s principal export product for the new millennium. Work has already begun on the necessary infrastructure to fully develop the quarry site. An international sales network of agents and representatives supports Citatah’s production, and a majority owned sales subsidiary, UGMC Inc., in California, USA. In 1999, three quarters of the company’s production was exported, mainly to markets in the Asia Pacific region and the US, an overseas revenues accounted for over 90% of Total Sales, and in 2000, 75% of Total Sales.
Read more on CTTH →PT Merdeka Gold Resources Tbk (formerly PT Pani Bersama Jaya) (the Company), was established in Republic of Indonesia based on Deed of Establishment No. 87 dated 20 November 2015 made before Humberg Lie, S.H., S.E., M.Kn., Notary in North Jakarta. The ultimate parent entity of the Company is PT Merdeka Copper Gold Tbk (MCG). Meanwhile, MCG is jointly controlled by PT Provident Capital Indonesia and PT Saratoga Investama Sedaya Tbk, which are respectively controlled by Winato Kartono and Edwin Soeryadjaya.
Read more on EMAS →