For three weeks in a row, Marina Bodman has become richer about 350 million dollars every day.
By mid -March, the head of the delegate to the largest operator at the Data Center in Indonesia sat at the top of a $ 7.5 billion wealth after her company’s shares increased again and again through Limit Daily, making her the richest woman in the country, according to Bloomberg billionaires.
Then the DCI Indonesia arrow was shattered. Within just three days, the clear value of Bodman decreased by half, adding other shares of the boom and the step to the great balance of Indonesia.
Finally, Budiman, his colleagues saw billionaires and DCI shareholders – OTTO TOTO SUGIRI and Han Arming Hanafia – their common wealth rises by more than $ 17 billion before they drop. At the closure of Tuesday, the shares abandoned more than half of the gains since the gathering began in mid -February.
Wild price fluctuations in stocks are a common and increasingly problematic advantage in the stock market in Indonesia. Dozens of companies have moved by 1000 % or more in recent years, apparently their uncomplicated shares of basic financial statements. On Tuesday, DCI closed a market value of $ 17 billion, compared to last year’s revenues of $ 112 million and $ 49 million. The company is trading with profits 416 times, which is the highest percentage of a group of its peers followed by Bloomberg.
Partially blame the large number of companies whose shares are traded. Budiman, Sugiri, Hanafia and the Fourth Fourth Owner, Tycooon Anthoni Salim, carry 78 % of DCI shares. Of 2.4 billion spoons, 80,400 shares were changed by mid -Wednesday in Jakarta compared to millions of companies in Indonesia with a similar size.
DCI did not immediately respond to a request for comment.
Mohit Merburi, director of funds at SGMC Capital in Singapore, said that DCI fluctuations are “to a large function of its free and narrow float.” “The bidding differences are narrow, so any big position can move the stock significantly,” said Mirburi.
DCI was the worst performance as the Standard Standard Index fell on Tuesday and sparked a 30 -minute comment.Merchant proportionsThe general decline of factors, including concerns about the President’s populist measures of President Prabu Sobanto, forced references and suspicion of the leadership of the Ministry of Finance.
“The sale was a thunderbolt of blue in many ways – the surprise surprisingly surprised the market,” said Nergonan Tiroschilfam, an analyst in Alythia Capital in Singapore.
Before reflection in recent days, DCI may have benefited from investors who are betting that the demand for data centers will continue to grow and help pay foreign investment. For example, Oracle Corp.In discussionsWith the government of Indonesia to establish a cloud services center in the country, Bloomberg News said on Friday.
Help Budiman, 63, to establish DCI for more than a decade. Sugiri, 71, and Hanafia is also a founder.
This story was originally shown on Fortune.com
