Investment In Jumbo Conglomerate Sugiman Halim, BOAT Share Ownership Skyrockets To 10.51 Percent

Conglomerate Sugiman Halim is again in the spotlight with his aggressive investment steps in the stock market. In the two days of trading in the negotiation market on November 13 and 14, 2024, Sugiman bought up large shares of PT Newport Marine Services Tbk (BOAT).

The total purchases reached 213,396,500 ordinary shares, which significantly increased its ownership from 4.41 percent to 10.51 percent.

This was recorded in the Indonesia Stock Exchange Electronic Reporting System (SPE), and was officially announced on November 19, 2024, in accordance with the Financial Services Authority (OJK) regulations regarding share ownership of more than 5 percent.

Until now, Sugiman Halim pocketed 367,913,000 shares of BOAT shares. This Sugiman Halim move is seen as a form of great trust in the fundamentals and long-term prospects of the BOAT.

The company engaged in the ship rental sector for the oil and gas industry is predicted to be able to maintain growth momentum and expand its business reach, especially with the support of strategic investors such as Sugiman Halim.

For many parties, the surge in share ownership is considered a strong indication that Sugiman Halim sees great potential in the development of the company, which is engaged in the ship rental sector for the oil and gas industry.

Many are optimistic that support from strategic investors such as Sugiman Halim will have a positive impact on the movement of BOAT's share price and strengthen the company's growth prospects.