Krakatau Steel (Persero) Tbk. vs Paninvest Tbk. — how do they compare? Krakatau Steel (Persero) Tbk. trades at Rp230 (market cap 4.33T, 5.43M 24h volume), while Paninvest Tbk. trades at Rp735 (market cap 2.99T, 166.3K 24h volume). The key difference: Krakatau Steel (Persero) Tbk. is the larger of the two by market cap, and Krakatau Steel (Persero) Tbk. is more actively traded (5.43M versus 166.3K). Which is the better fit depends on your goals.
| KRAS | PNIN | |
|---|---|---|
Market Cap | 4.33T | 2.99T |
Volume | 5.43M | 166.3K |
Lot | 54.27K | 1.66K |
Turnover | 1.24B | 121.48M |
Average Price | 228.12 | 730.5 |
Value | 1.24B | 121.48M |
Indicative Equilibrium Price | 230 | 735 |
Indicative Equilibrium Volume | 3.53K | 5 |
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 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 →