A year debuting, CNMA stock crashes 18.42%

JAKARTA – The stock performance of PT Nusantara Sejahtera Raya Tbk (CNMA) reportedlyplummeted 18.42% on August 5, 2024, recorded after a year debuting on Indonesia Stock Exchange (IDX). CNMA was closed at IDR 228 per share today (5/8) from the offering price set on August 2, 2024, at IDR 270 per share.

Based on IDNFinancials compiled data today (5/8), the price once hit IDR 216 per share at 2.30 PM WIB, much lower than the closing price last Friday (2/8) at IDR 228 per share.

Transaction volume and frequency were reported at 10.43 million shares within 444 transactions worth IDR 2.34 billion. The listed shares clock up to 83.34 billion shares.

In H1 2024, Cinema XXI booked revenue of IDR 2.95 billion, up 21.78% year-on-year (yoy) from IDR 2.42 billion. Its net profit also soared 93.93% yoy to IDR 389.19 million from IDR 200.67 million.

The main contributor of CNMA’s revenue in H1 2024 was theatre ticket sales of IDR 1.87 billion. Then, foods and beverages came in second with IDR 980.40 million worth of sales, followed by advertising income of IDR 32.82 million, digital platform of IDR 56.55 million, as well as event and other income of IDR 14.01 million. (LK/ZH)

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