INET Shares Experience Significant Decline Following Rights Issue Pricing

Market Reaction to Theoretical Price Determination

Shares of PT Sinergi Inti Andalan Prima Tbk (INET) witnessed a substantial decline of 23.38% to Rp 590 per share on January 5, 2026. This significant drop occurred following the Indonesia Stock Exchange's announcement on Friday, January 2, 2026, regarding the determination of the theoretical price for INET's rights issue.

Rights Issue Details and Market Impact

The theoretical price for INET's rights issue was established at Rp 472.857 per share. This calculation was based on the stock's closing price of Rp 770 on January 2, 2026, which was the last cum-date for the rights issue. The substantial difference between the market price and the theoretical price likely contributed to the sharp decline in INET's share price.

Investor Considerations and Market Dynamics

The rights issue is a corporate action that allows existing shareholders to purchase additional shares at a predetermined price. The significant discount of the theoretical price to the market price may have triggered selling pressure, contributing to the stock's decline. Investors should carefully consider the implications of such corporate actions on their investment portfolios.