Sinar Eka Selaras Tbk. vs Krakatau Steel (Persero) Tbk. — how do they compare? Sinar Eka Selaras Tbk. trades at Rp284 (market cap 1.47T), while Krakatau Steel (Persero) Tbk. trades at Rp224 (market cap 4.33T). The key difference: Krakatau Steel (Persero) Tbk. is far larger — about 2.9× Sinar Eka Selaras Tbk.'s market cap. Which is the better fit depends on your goals.
| ERAL | KRAS | |
|---|---|---|
Market Cap | 1.47T | 4.33T |
Indicative Equilibrium Price | 286 | 224 |
Indicative Equilibrium Volume | 180 | 158 |
Trailing returns across standard periods
Latest headlines on both assets
PT Sinar Eka Selaras Tbk (the “Company”) was established in Indonesia based on Notarial Deed No. 12 of Myra Yuwono, S.H., dated March 13, 2009. PT Erajaya Swasembada Tbk, an entity incorporated in Indonesia, is the parent company of the Company. PT Eralink International, an entity incorporated inIndonesia, is the ultimate parent of the Company.
Read more on ERAL →PT Krakatau Steel (Persero) was established on August 31, 1970 as a result of Indonesian Government Regulation No. 35 in the year 1970 regarding is equity establishment. The establishment of this steel industry was started by utilizing the left over machinery of the former Russian initiated Trikora Steel Project, mainly on cold wire drawing, bar mill, and section mill.These plants were officially opened by the President of Republic Indonesia in 1977.In 1979, the operation of the facilities such as direct reduction plant (with the capacity of 1.5 million tons per annum), billet steel plant (with the capacity of 500,000 tons per annum), wire rod mill (with the capacity of 220,000 tons per annum) and infrastructure such as a steam power plant (400MW), water purifying installation, port of Cigading and telecommunications system were officially opened.In 1983 relatively large scale plants also formally started their operation, they are slab steel plant and hot strip mill.This was followed in 1991 by a merger of a cold rolling mill plant in Cilegon industrial zone, to become the production unit of PT Krakatau Steel (Persero).
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