JAKARTA, RAKYAT NEWA, – Recent declines in the stock market have created an opportunity for investors, particularly corporate executives, to increase their holdings at discounted prices. This trend is being observed across several companies, including those linked to prominent Indonesian businessman Prajogo Pangestu.

One notable example is Raymond, the Director of PT Chandra Asri Pacific Tbk (TPIA), who made a significant move to acquire additional shares of the company. On February 11, 2024, he purchased 100,000 shares at prices between Rp6,600 and Rp6,625 per share, signaling a clear investment decision in his company’s future.

Erri Dewi Riani, the General Manager of Legal & Corporate Secretary at TPIA, confirmed the acquisition, explaining that the transaction was aimed at increasing Raymond’s direct stake in the company. This comes at a time when many market players are capitalizing on lower stock prices caused by broader market volatility.

The recent market downturn has provided an attractive environment for insiders, such as executives and major stakeholders, to increase their shareholding at a lower cost. This strategy is often seen as a sign of confidence in the long-term prospects of the companies involved.

At the same time, the trend of executives purchasing shares is becoming more prevalent. Investors often view these moves as a signal that those closest to the company believe the stock is undervalued, potentially leading to increased trust and future growth in stock value.

This pattern is not isolated to TPIA alone. Similar actions have been reported across other companies, including those affiliated with major business figures like Prajogo Pangestu. Such actions tend to reassure the market and suggest that insiders expect a rebound in stock performance.