Gunung Raja Paksi Tbk. vs Perusahaan Gas Negara Tbk. — how do they compare? Gunung Raja Paksi Tbk. trades at Rp296 (market cap 3.58T), while Perusahaan Gas Negara Tbk. trades at Rp1,490 (market cap 36.12T). The key difference: Perusahaan Gas Negara Tbk. is far larger — about 10.1× Gunung Raja Paksi Tbk.'s market cap. Which is the better fit depends on your goals.
| GGRP | PGAS | |
|---|---|---|
Market Cap | 3.58T | 36.12T |
Trailing returns across standard periods
Latest headlines on both assets
PT. Gunung Raja Paksi Tbk (the Company) was established under the name of PT Gunung Naga Mas based on Notarial Deed No.229 of Chairani Bustami,S.H. dated August 20,1990 that was amended by Notarial Deed No.25 dated June 6,1991. The change from Foreign Capital Investment (“FCI”) to Domestic Capital Investment (“DCI”) has been approved by the Capital Investment Coordinating Board of the Republic of Indonesia in its Letter No.346/1/IP/PMDN/2016 dated December 15, 2016.
Read more on GGRP →PT Perusahaan Gas Negara (Persero) (the company) originated from a private Dutch company named Firma L.J.N Eindhoven & Co. Gravenhage, which was established in 1859. The company was named NV. Netherland Indische Gaz Maatscapij when the Dutch took control in 1950. In 1958, when Government of Indonesia took over company, the name was changed to Badan Pengambil Alih Perusahaan-perusahaan Listrik dan Gas (BP3LG), and then became BPU-PLN in 1961. On May 13, 1965, the company was established as a state company and known as PN Gas. In 1984, PN Gas converted into public service enterprices (perum) under the name of Perum Gas. And in 1996 the status of company was changed to PT Perusahaan Gas Negara (Persero).
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