INSUBCONTINENT EXCLUSIVE:
PT DCI Indonesia has soared 10,852% since its listing on January 6.New Delhi: A cloud data service provider partly owned by an Indonesian
tycoon has delivered the world's best-performing initial public offering this year, jumping more than 100 fold since its share float in
January.PT DCI Indonesia has soared 10,852% since its 150 billion rupiah ($10.5 million) listing on January 6
That makes the firm the top gainer in Indonesia's stock market and the second-biggest contributor to the Jakarta Composite Index's 12%
gauge of the sector having surged nearly four fold since its launch in late January
However, there's caution about how much investors should read into it given the stock's scant trading and lack of research coverage by
research at JP Morgan Sekuritas Indonesia
business empire spans from food to telecommunications to real estate.The stock's sharp gains have triggered periodic trading suspension
and an investigation by stock exchange officials into the firm for possible manipulation of transactions earlier this year
