Gudang Garam Tbk traded at 16,175.00 this Thursday February 12th, decreasing 125.00 or 0.77 percent since the previous trading session. Looking back, over the last four weeks, Gudang Garam Tbk lost 5.72 percent. Over the last 12 months, its price rose by 48.39 percent. Looking ahead, we forecast Gudang Garam Tbk to be priced at 15,920.85 by the end of this quarter and at 14,302.54 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Gudang Garam Tbk is an Indonesia-based company primarily engaged in manufacturing clove cigarettes, which are locally known as kretek. Its business is classified into three operating segments: cigarettes, paperboards and others. The company produces a range of kretek, including traditional hand-rolled kretek, machine-made kretek and low-tar, low-nicotine variants. Some of its major brands are Gudang Garam International, Gudang Garam Merah, Surya, Surya Pro Mild, Surya Professional and GG Mild. Its manufacturing facilities are located in several areas in Indonesia, namely Kediri, Gempol, Karanganyar and Sumenep. It also has representative offices in Jakarta and Surabaya, Indonesia. Its subsidiaries include PT Surya Pamenang, producing paperboards used for the packaging of the Company's products, and PT Surya Madistrindo, the sole distributor of the Company's products.