Pakuwon Jati Shares Surge on News of Potential Semarang Mall Development

Significant Price Movement

Shares of PT Pakuwon Jati Tbk (PWON), a major Indonesian property developer, experienced a dramatic surge of 23.86% on January 12, 2026, reaching Rp 436 per share. This substantial increase was accompanied by a 25.15% weekly gain, marking a significant upward trend in the company's stock performance.

Catalyst for the Surge

The sudden interest in PWON shares appears to have been triggered by comments made by Yudo Achilles Sadewa, son of Finance Minister Purbaya Yudhi Sadewa, in an investment group on the Telegram messaging platform. On January 9, 2026, Yudo mentioned that PWON might undertake a major development project in Semarang, potentially creating a new iconic destination in the city.

Details of the Proposed Project

According to Yudo's statement, PWON is allegedly planning to develop a Rp 5.6 trillion mall in Semarang's Gombel area. The proposed project is expected to become a significant landmark in the city, potentially drawing comparisons to other major developments like PANI. The scale of this investment has generated considerable excitement among investors, contributing to the sharp rise in the company's share price.

Market Reaction

The immediate market reaction was strongly positive, with PWON shares jumping 23.86% at the opening of trading on January 12, 2026. This rapid appreciation reflects investor enthusiasm for the potential new project and its perceived impact on PWON's future growth prospects. The stock's performance suggests that investors are optimistic about the company's expansion plans and their potential to drive future earnings.