Equity Development Investment Tbk. vs Merdeka Battery Materials Tbk. — how do they compare? Equity Development Investment Tbk. trades at Rp85 (market cap 1.31T), while Merdeka Battery Materials Tbk. trades at Rp520 (market cap 56.16T). The key difference: Merdeka Battery Materials Tbk. is far larger — about 42.9× Equity Development Investment Tbk.'s market cap. Which is the better fit depends on your goals.
| GSMF | MBMA | |
|---|---|---|
Market Cap | 1.31T | 56.16T |
Trailing returns across standard periods
Latest headlines on both assets
PT Equity Development Investment Tbk (the “Company”) was established in Jakarta under the name of PT Gajah Surya Arta Leasing on November 1, 1982 based on the Notarial Deed of Didi Sudjadi, S.H., No. 1, as amended by deed No. 30 dated March 6, 1985 of the same notary. The Company changed its name to be PT BDNI Capital Corporation Tbk. On February 7, 2001, it changed the named again to be PT GT Investama Kapital, Tbk.
Read more on GSMF →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 →