JAKARTA – In a noteworthy display of conviction, a director at PT Chandra Asri Pacific Tbk (TPIA) has aggressively accumulated company shares amidst a sharp market downturn. This series of substantial TPIA share purchases came at a time when the stock had plummeted by an astonishing 65.77% within a single month.
The director in question, Raymond, executed these strategic transactions throughout May 2026, as disclosed in filings with the Jakarta Stock Exchange (BEI). These acquisitions have significantly bolstered Raymond’s stake in the company, bringing his total ownership to 5.05 million shares, which represents 0.01% of the total voting rights.
Prior to this buying spree, Raymond’s ownership stood at 3.3 million shares at the end of April 2026. His active accumulation commenced on May 19, 2026, when he acquired an additional 625,000 TPIA shares. This initial transaction was executed within a price range of Rp 4,300 to Rp 4,580 per share, amounting to a total investment of approximately Rp 2.749 billion.
Undeterred by the continuing decline, Raymond further increased his holdings as TPIA’s share price plunged into the Rp 2,000s. On May 22, 2026, he purchased another 525,000 TPIA shares at prices ranging from Rp 2,660 to Rp 2,700 per share. This particular transaction represented an investment of Rp 1.137 billion.
Raymond’s final reported accumulation for the month occurred on May 25, 2026, where he acquired 600,000 TPIA shares at a price between Rp 2,270 and Rp 2,280 per share, totaling Rp 1.365 billion. In aggregate, these strategic purchases by Raymond involved a total of 1.75 million TPIA shares, representing a cumulative investment of Rp 5.25 billion.
As of its last trading session on Tuesday, May 26, 2026, TPIA shares were priced at Rp 1,900 per share. While this marked an 8.02% increase from the previous day’s close, the stock had still registered a significant 32.86% decline over the preceding five trading days, underscoring the ongoing market volatility.
Significantly, on the same day, the Jakarta Stock Exchange (BEI) announced a pivotal development: TPIA shares have been elevated to the main board alongside 25 other prominent stocks. This re-evaluation by the BEI is set to take effect on May 29, 2026, potentially signaling renewed confidence in the company’s market standing.
Summary
Raymond, a director at PT Chandra Asri Pacific Tbk (TPIA), acquired 1.75 million shares of the company throughout May 2026. These strategic purchases occurred while the stock price experienced a significant decline of approximately 65.77% within a month. With these transactions, Raymond increased his total ownership to 5.05 million shares, representing a 0.01% stake in the company.
The total investment for these share acquisitions amounted to approximately Rp 5.25 billion, despite the ongoing market volatility and price drops. Simultaneously, the Jakarta Stock Exchange announced that TPIA shares will be upgraded to the main board, effective May 29, 2026. This move may indicate a shift in market sentiment regarding the company’s long-term standing.