Merdeka Battery Materials Tbk. vs Golden Flower Tbk. — how do they compare? Merdeka Battery Materials Tbk. trades at Rp525 (market cap 56.16T, 48.81M 24h volume), while Golden Flower Tbk. trades at Rp12,900 (market cap 10.11T, 4.3K 24h volume). The key difference: Merdeka Battery Materials Tbk. is far larger — about 5.6× Golden Flower Tbk.'s market cap, and Merdeka Battery Materials Tbk. is more actively traded (48.81M versus 4.3K). Which is the better fit depends on your goals.
| MBMA | POLU | |
|---|---|---|
Market Cap | 56.16T | 10.11T |
Volume | 48.81M | 4.3K |
Lot | 488.12K | 43 |
Turnover | 25.53B | 55.47M |
Average Price | 523.13 | 12,900 |
Value | 25.53B | 55.47M |
Indicative Equilibrium Price | 525 | 13,475 |
Indicative Equilibrium Volume | 41.15K | 100 |
Trailing returns across standard periods
Latest headlines on both assets
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 →PT Golden Flower (The Company) was established on Semarang based on Deed of Incorporation No. 11 dated March 7, 1989 Notary Joeni Moeljani, S.H., The Company's Deed of establishment was corrected by Deed No. 26 dated July 10, 1996 by Notary Lenie Sahara Hardjanto Loebis, S.H., the Company name was changed to PT Puspa Sari Kencana. This Deed has been approved by Minister of Justice of the Republic Indonesia through Decree No. C2-9266 HT.01.01.Th.96 and was published in Gazette of the Republic of Indonesia dated April 22, 1997, No. 32. The Company name was changed according to Deed No. 1 dated April 2, 1997 from Notary Lenie Sahara Hardjanto Loebis, S.H., becoming PT Puspa Masindo, and finally the name of the Company changes again to become PT Golden Flower according to deed No. 20 dated October 14, 2004 from Notary Lenie Sahara Hardjanto Loebis, S.H., and was approved by the Minister of Law and Human Rights of the Republic of Indonesia with Decree No. C-11028 HT.01.04.TH.2005 on April 25, 2005.
Read more on POLU →