TPIA\u2019s 25.7% Free Float Increase Draws Institutional Investor\nInterest<\/p>\n
Jakarta. Following changes in its shareholding structure that\nincreased its free float to around 25.7%, shares of Chandra Asri Pacific\n(IDX: TPIA) are seen as becoming more attractive to institutional\ninvestors.<\/p>\n
Senior Investment Information analyst at Mirae Asset Sekuritas\nIndonesia, Nafan Aji Gusta, said the increase in TPIA\u2019s free float to\n25.7% has been positively received by market participants, as a larger\npublic shareholding portion is expected to improve the stock\u2019s trading\nliquidity.<\/p>\n
\u201cThe stock will become more actively traded and increasingly\nattractive to institutional investors,\u201d Nafan said on Wednesday.<\/p>\n
According to him, institutional investors such as pension funds,\nasset managers, and global funds typically have specific investment\ncriteria, including minimum free float requirements.<\/p>\n
\u201cWhen the free float exceeds a certain threshold, such as above 15%,\nthe stock becomes more eligible to enter their investment radar,\u201d he\nsaid.<\/p>\n
Nafan added that the current conditions open greater opportunities\nfor substantial capital inflows into TPIA shares.<\/p>\n
He also noted that free float is an important variable in determining\nthe weighting of global indices such as MSCI and FTSE. As a result, the\nincrease in public share ownership could potentially raise TPIA\u2019s\nweighting in these indices.<\/p>\n
\u201cIf that happens, it could trigger buying activity from passive funds\nthat use MSCI and FTSE as investment benchmarks,\u201d Nafan said.<\/p>\n
Furthermore, he said the higher free float could strengthen investor\nconfidence in the company when pursuing corporate actions to raise\nfunding, such as rights issues or bond issuances.<\/p>\n
\u201cWith a broader investor base and improved share liquidity, the\ncompany\u2019s ability to secure market support will become even stronger,\u201d\nNafan added.<\/p>\n
Previously, in a disclosure dated May 27, 2026, the Indonesia Stock\nExchange (IDX) announced that 26 listed companies had been included in\nthe Main Board category, with TPIA among those upgraded from the\nDevelopment Board.<\/p>\n
Responding to the announcement, Chandra Asri Group President Director\nand CEO Erwin Ciputra expressed appreciation to the IDX for the trust\nplaced in the company.<\/p>\n
\u201cWe thank the Indonesia Stock Exchange for its confidence in\nupgrading TPIA\u2019s listing status to the Main Board following its review\nprocess,\u201d Erwin said. \u201cThis achievement reflects the company\u2019s\ncommitment to strengthening its business fundamentals, implementing good\ncorporate governance, and maintaining sustainable growth.\u201d<\/p>\n
Erwin added that the Main Board listing marks an important milestone\nfor Chandra Asri Group as it continues to create long-term value for\nshareholders and stakeholders through the strengthening of its energy,\nchemicals, and infrastructure business portfolio.<\/p>\n
\u201cGoing forward, we will continue to focus on strengthening\noperational performance, enhancing competitiveness, pursuing sustainable\nbusiness development, and creating employment opportunities. Through our\ngrowth strategy, we remain committed to reinforcing the company\u2019s\nfundamentals while creating long-term value for all shareholders and\nstakeholders,\u201d Erwin said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/tpias-25-7-free-float-increase-draws-institutional-investor-interest-1781621424", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }