Krakatau Steel (Persero) Tbk. vs Midi Utama Indonesia Tbk. — how do they compare? Krakatau Steel (Persero) Tbk. trades at Rp230 (market cap 4.33T, 5.43M 24h volume), while Midi Utama Indonesia Tbk. trades at Rp282 (market cap 9.5T, 1.62M 24h volume). The key difference: Midi Utama Indonesia Tbk. is far larger — about 2.2× Krakatau Steel (Persero) Tbk.'s market cap, and Krakatau Steel (Persero) Tbk. is more actively traded (5.43M versus 1.62M). Which is the better fit depends on your goals.
| KRAS | MIDI | |
|---|---|---|
Market Cap | 4.33T | 9.5T |
Volume | 5.43M | 1.62M |
Lot | 54.27K | 16.19K |
Turnover | 1.24B | 454.66M |
Average Price | 228.12 | 280.76 |
Value | 1.24B | 454.66M |
Indicative Equilibrium Price | 230 | 282 |
Indicative Equilibrium Volume | 3.53K | 803 |
Trailing returns across standard periods
Latest headlines on both assets
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).
Read more on KRAS →PT Midi Utama Indonesia (the company) was established under its original name of PT Midimart Utama base on notarial deed No.37 of Mr Frans Elsius, S.H, dated on 28 Jun, 2007. The Company’s articles of association has been amended several times, most recently by notarial deed No. 2 of Kamelina, S.H., dated Mar 3, 2010, concerning among others, increase in capital paid up and public offering.
Read more on MIDI →