Sinar Mas Multiartha traded at 19,850.00 this Wednesday August 26th, decreasing 175.00 or 0.87 percent since the previous trading session. Looking back, over the last four weeks, Sinar Mas Multiartha lost 3.17 percent. Over the last 12 months, its price rose by 27.65 percent. Looking ahead, we forecast Sinar Mas Multiartha to be priced at 19,357.66 by the end of this quarter and at 17,035.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Sinar Mas Multiartha Tbk is an Indonesia-based investment holding company for Sinar Mas group of companies. The Company through its subsidiaries is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment manager, banking, development, information technology, trading and other related services. The Company has subsidiaries, such as PT Sinar Mas Insurance, which is engaged in securities administration; PT Sinar Mas Asset Management, which is engaged in asset management services, and PT Golden Tropical, which is engaged in commodity trading activities.