Asia Pacific Investama Tbk. vs PP (Persero) Tbk. — how do they compare? Asia Pacific Investama Tbk. trades at Rp41 (market cap 348.63B, 48.3K 24h volume), while PP (Persero) Tbk. trades at Rp199 (market cap 1.25T, 13.56M 24h volume). The key difference: PP (Persero) Tbk. is far larger — about 3.6× Asia Pacific Investama Tbk.'s market cap, and PP (Persero) Tbk. is more actively traded (13.56M versus 48.3K). Which is the better fit depends on your goals.
| MYTX | PTPP | |
|---|---|---|
Market Cap | 348.63B | 1.25T |
Volume | 48.3K | 13.56M |
Lot | 483 | 135.63K |
Turnover | — | 2.67B |
Average Price | — | 196.84 |
Value | — | 2.67B |
Indicative Equilibrium Price | — | 199 |
Indicative Equilibrium Volume | — | 530 |
Trailing returns across standard periods
Latest headlines on both assets
PT Asia Pacific Investama Tbk (the Company) was established in Jakarta originally named PT Mayetexdian Industry1994Change of Majority shareholding amounted for 70% (indirect acquisition), including 40% share investment at PT Pura Golden Lion (rayon fibre distributor).1995Change of the Company’s name to become PT Apac Centertex Corporation, Tbk1996Acquired 94.12% shares of PT Apac Inti Corpora (business line textile) in Bawean – SemarangCompleted internal restructuring – four subsidiaries’ factory-assets (garment industry) grouped altogether and relocated from Jakarta to Semarang.1997Share-investment participation (24%) at PT Vita Daya Harapan (power/steam plant) in Bawen to supply power & steam requirement for PT Apac Inti2000Divestment of share participation (24%) at PT Vita Daya Harapan (power/steam plant) in Bawen to Third PartyNovember 2000, change of the company’s name to become PT Apac Citra Centertex Tbk and qualified approval effective February.
Read more on MYTX →PT PP (Persero) was established under the name of NV Pembangunan Perumahan based on the Notarial Deed No. 48 of August 26, 1953. At the time it was established PT PP (Persero) was entrusted to build houses for the officers of PT Semen Gresik Tbk, a subsidiary of BAPINDO in Gresik. Along with increased trust, PT PP (Persero) received the duty to construct large projects that were related to war compensations the Government of Japan paid to the Republic of Indonesia, namely : - Hotel Indonesia, Bali Beach Hotel, - Ambarukmo Palace Hotel and - Samudera Beach Hotel.1960 In compliance to Government Regulation No. 63 year 1960, PN (Perusahaan Negara) Pembangunan Perumahan changed into PN Pembangunan Perumahan. 1962 In 1962, PT PP (Persero) completed the construction of Hotel Indonesia, a 14 stories with 427 rooms, which at the time was the highest building in Indonesia. 1971 In compliance to the Government Regulation No. 39 year 1971, PN Pembangunan Perumahan changed and become PT Pembangunan Perumahan (Persero), which was legalized through the Deed No. 78 dated March 15, 1973. The Company's core business was construction services. 1991-2007 For more than five decades, PT PP (Persero) has been a key player in the national construction business. Several mega projects have been constructed in that period. Subsequently, starting in 1991, PT PP (Persero) diversified its business, including office space rental at Plaza PP and realty business development in the area of Cibubur, and also the establishment of several subsidiaries through partnerships with foreign companies, among others PT PP Taisei Indonesia Construction and PT Mitracipta Polasarana.
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