PT Garuda Indonesia (Persero) Tbk (GIAA) has officially responded to a clarification request from the Indonesia Stock Exchange (IDX) regarding a recent surge in the airline’s stock price. Management firmly asserts that, to date, no undisclosed material information or facts that could influence investor decisions have been withheld from the public.
According to RTI data, GIAA’s share price has experienced a significant jump over the past few weeks. On September 10, the stock was priced at IDR 66 per share. It then rose to IDR 71 by September 16, peaking at IDR 99 on September 24. However, the positive momentum saw a reversal today, with Garuda Indonesia shares declining to IDR 82 as of 2:47 PM Western Indonesian Time (WIB).
Analyzing its performance over a broader period, GIAA’s stock has recorded a gain of 22.39 percent over the last month. Despite this monthly increase, the most recent week has seen a sharp drop of 8.89 percent, further compounded by a 5.75 percent decline today, reflecting volatile market movements.
Wamildan Tsani, President Director of Garuda Indonesia, reiterated the company’s unwavering commitment to upholding information disclosure requirements. He emphasized strict adherence to regulations set forth by the Financial Services Authority (OJK) and broader capital market rules, ensuring transparency for all stakeholders.
“As of now, there is no other material information or fact that has not been disclosed to the public that could affect the company’s securities value or investors’ investment decisions,” stated the management in an official release quoted on Tuesday (September 30).
Furthermore, Garuda Indonesia explicitly stated its lack of knowledge regarding any specific activities by certain shareholders concerning transactions involving more than 5 percent of its stock. The management firmly believes that the recent fluctuations in GIAA’s share price are simply part of normal trading activities within the capital market.
The airline also assured that there is no material information currently available that could potentially impact its business continuity or any imminent corporate action plans requiring public disclosure. Should any future corporate actions arise, the company pledges to announce them in full compliance with all prevailing regulations and guidelines.
Summary
PT Garuda Indonesia (Persero) Tbk (GIAA) has officially responded to a clarification request from the Indonesia Stock Exchange (IDX) regarding its recent volatile stock price, asserting that no undisclosed material information or facts could influence investor decisions. The company’s share price surged significantly from IDR 66 on September 10 to IDR 99 by September 24, before declining to IDR 82 on September 30. Despite a 22.39 percent gain over the last month, GIAA experienced sharp drops of 8.89 percent in the most recent week and 5.75 percent today.
Garuda Indonesia’s President Director reiterated the company’s commitment to upholding strict information disclosure requirements, stating there is no other material information affecting the company’s securities value. Management firmly believes the recent share price fluctuations are part of normal capital market trading activities. The airline also confirmed no material information impacts its business continuity or any imminent corporate actions requiring public disclosure, pledging to announce any future actions in full compliance with regulations.