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Rumors in the market that Hong Kong's Cathay Pacific Airwaysand companies from the U.S. Delta Air Lines exploring thepurchase of 10.88% stake in PT Garuda Indonesia Tbk (GIAA).This red palt airline stocks continued to rise since last December.
According to one market participant, in addition to the purchase of the news, shares GIAA started off as an improvement in the financial statements.
"Performance Garuda during 2011 did show improvement over the previous year," said the trader, on Tuesday (10/01/2012).
He added, income, occupancy, flight routes, and customerservice are some of the points Garuda last increased in 2011.Until the end of 2011 yesterday, its shares have touched USD500 per sheet.
In trading today, until 10:24 o'clock JATS time, GIAA stock pricerose 15 points (+3.03%) to a level of Rp 510 per share. Its sharestraded 662 times with a volume of 99,557 lots valued at USD25.598 billion.
Disclaimer: Editors detikFinance not responsible for the contentof these stock rumors. All investment decisions remain in the hands of investors.
(ang / ang)
source: detikfinance.com
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