Sumi Indo Kabel Tbk. vs Paninvest Tbk. — how do they compare? Sumi Indo Kabel Tbk. trades at Rp565 (market cap 691.56B), while Paninvest Tbk. trades at Rp735 (market cap 2.99T). The key difference: Paninvest Tbk. is far larger — about 4.3× Sumi Indo Kabel Tbk.'s market cap. Which is the better fit depends on your goals.
| IKBI | PNIN | |
|---|---|---|
Market Cap | 691.56B | 2.99T |
Indicative Equilibrium Price | 565 | — |
Indicative Equilibrium Volume | 3 | — |
Trailing returns across standard periods
Latest headlines on both assets
The Company was established on July 23, 1981 with its Head Office and Factory located in Tangerang, West Java. The Company was listed in JSX and SSX in 1990. On 1994 the Company changed status of the Company to become Foreign Capital Investment (PMA), right after participation of Sumitomo Electric Industries, Ltd., Japan which is one of the biggest in the world in cable industry and PT Perdanamulia Ekasakti.
Read more on IKBI →PT Paninvest Tbk formerly PT Panin Insurance Tbk (the Company) was established in Jakarta under the name PT Pan-Union Insurance Ltd., based on Notarial Deed No. 84 dated October 24, 1973 of Notary Juliaan Nimrod Siregar Gelar Mangaradja Namora, S.H. The Company is one of the companies under Pan Indonesia (Panin) Group. Based on the Minutes of General Shareholders's Meeting held on June 28, 2013 which was notarized in Notarial Deed of Kumala Tjahjani Widodo, S.H., M.H.,Mkn., No.78, dated June 28, 2013, the shareholders agree the plan to change the Company's main business activity from general insurance company to tourism and transferred its general insurance portfolio along with portion of its assets and liabilities related to general insurance business to PT Asuransi Umum Panin, subsidiary.
Read more on PNIN →