Indocement Tung traded at 4,630.00 this Friday July 24th. Looking back, over the last four weeks, Indocement Tung lost 11.30 percent. Over the last 12 months, its price fell by 12.23 percent. Looking ahead, we forecast Indocement Tung to be priced at 4,437.86 by the end of this quarter and at 3,907.95 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Indocement Tunggal Prakarsa Tbk is an Indonesia-based company primarily engaged in the cement industry. The Company's major business activities are classified into three segments: cement, ready-mix concrete (RMC) and aggregates. Its cement segment includes the manufacture and trading of different types of cement under the brand Tiga Roda, including Portland Composite Cement, Ordinary Portland Cement, Oil Well Cement and White Cement. Its ready-mix concrete segment, operated by its subsidiaries PT Indomix Perkasa and PT Pionirbeton Industri, comprises the production and distribution of ready-mix concrete products. Through its subsidiaries, namely PT Mandiri Sentra Sejahtera, PT Tarabatuh Manunggal, PT Terang Prakasa Cipta and PT Sahabat Muliasakti, the Company also runs its aggregate and trass quarrying business.