Affected by the Issue of Fried FILM Stocks, Manoj Punjabi Speaks Up

The share price of PT MD Pictures Tbk (FILM) has continued to rally since its first transaction on the Indonesia Stock Exchange on August 7 2018. Prior to being suspended, FILM’s share price rose up to 635.71% from a price level of IDR 201/share to a price level of IDR 1,545/share

The Indonesia Stock Exchange (IDX) decided to stop trading shares of PT MD Pictures Tbk (FILM) in the regular market and cash market starting Thursday (23/8/2018) until an undetermined time.

There are suspicions that FILM’s shares were “fried” because of the high rise of less than a month. Then how did Manoj Punjabi respond to this, along with CNBC Indonesia’s interview with the boss of MD Pictures.