Indonesian Political, Business & Finance News

Assessing the Effects of Force Majeure and the Danantara & INA Investment in TPIA

| | Source: INSIGHT.KONTAN.CO.ID Translated from Indonesian | Finance
Assessing the Effects of Force Majeure and the Danantara & INA Investment in TPIA
Image: INSIGHT.KONTAN.CO.ID

Assessing the Effects of Force Majeure and the Danantara & INA Investment in TPIA

Geopolitical factors disrupting the Hormuz Strait have also spilled over into the shares of PT Chandra Asri Pacific Tbk (TPIA). The company faced pressure after declaring force majeure on several contracts following disruptions to feedstock supply. The announcement was immediately responded to by the market, with the stock falling 8.15% to IDR 5,350 in trading on Wednesday, 4 March. The decline has accumulated to a 22.74% drop over the course of the week.

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