🟢 TBS Energi Utama is trading 10.28% up today on rights issue for up to 1.39bn shares

TBS Energi Utama is trading at IDR 590.00, up +10.28%, amid renewed attention to its proposed issuance of up to 1.39 billion new shares.

• The issuance targets waste management, renewable energy, and electric-vehicle expansion.
• The broader strategy includes shifting from coal toward sustainability-focused businesses; waste management generated 60% of consolidated revenue and 93% of adjusted EBITDA in Q1 2026.
• The August 26 session closed at IDR 565.00, making the August 27 move significant.