Bukit Uluwatu Villa is trading at IDR 780 (-11.36%) as an update to its Rp 1.5 trillion rights issue plan sparks renewed fears of heavy equity dilution.
- The offering price of Rp 250 per share represents a significant discount to current trading levels, pressuring investor sentiment.
- The downward move is company-specific, as traders focus on the financing terms despite firmer overnight risk sentiment in U.S. and regional markets.