Krakatau Steel (Persero) Tbk. vs Rig Tenders Indonesia Tbk. — how do they compare? Krakatau Steel (Persero) Tbk. trades at Rp230 (market cap 4.33T, 5.43M 24h volume), while Rig Tenders Indonesia Tbk. trades at Rp685 (market cap 420.3B, 14.9K 24h volume). The key difference: Krakatau Steel (Persero) Tbk. is far larger — about 10.3× Rig Tenders Indonesia Tbk.'s market cap, and Krakatau Steel (Persero) Tbk. is more actively traded (5.43M versus 14.9K). Which is the better fit depends on your goals.
| KRAS | RIGS | |
|---|---|---|
Market Cap | 4.33T | 420.3B |
Volume | 5.43M | 14.9K |
Lot | 54.27K | 149 |
Turnover | 1.24B | 10.18M |
Average Price | 228.12 | 682.99 |
Value | 1.24B | 10.18M |
Indicative Equilibrium Price | 230 | — |
Indicative Equilibrium Volume | 3.53K | — |
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 Rig Tenders Indonesia Tbk (the Company) was established within the framework of the Foreign Capital Investment Law No. 1 year 1967, as amended by Law No. 11 year 1970, based on Notarial Deed of Mrs. Darwani Sidi Bakaroedin, S.H. No. 25 dated 22 January 1974, which was approved by the Minister of Justice of the Republic of Indonesia in his Decision Letter No. Y.A. 5/98/10, dated 1 April 1974, and was published in State Gazette of the Republic of Indonesia No. 39 dated 14 May 1974, Supplement No. 187/1974. PT. Rigs Tenders Indonesia provides shipping services for the offshore oil and gas industry in Indonesia waters. Supported by a fleet of 23 vessels since 1988.
Read more on RIGS →