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Buyback everyday. Also. insiders buying. Very undervalued share as land at IKN Nusantara has gone up lots. Cash rich company and expanding planted areas. CEO started buying at around 1.70. Call Warrant C 15 worth to consider as very low premium. expiring End April.
Share buy back is a catalyst to boost share price but hardly see result in short or mid term .
As for IKN , Indonesia cut construction budget of it to less than a third.
It is Jokowi’s political legacy and new president might diverting public funds to his own legacy project