🔴 DEWA.JK tumbles 10.3% amid reports of an ongoing land dispute

DEWA.JK is trading 10.3% down at IDR 434 amid investor concerns following recent news reports regarding an ongoing land dispute.

• A news report from May 17 detailed allegations from a citizen claiming PT Dharma Henwa has been involved in a land seizure dispute since 2023 at the PT Arutmin Indonesia Site Kintap.
• The report alleges that the citizen is facing pressure to release their land and that there has been a lack of legal certainty.
• This negative sentiment may be contributing to today's sharp price decline, which follows a strong run-up in the stock over the past year.