PT Perma Plasindo Tbk BINO Stock History Looks Odd
PT Perma Plasindo Tbk (BINO) stock history at a glance
BINO stock history shows a long, low-priced Indonesian small-cap that went public at IDR 138, later climbed to a 52-week high of IDR 278 in late 2024, and then fell back into a much tighter trading band around IDR 109 to IDR 134 by mid-2025 and early 2026. The pattern is not a smooth growth story; it is a volatility story shaped by thin liquidity, weak earnings, and occasional sharp price spikes that investors often overlook when they focus only on the headline chart.
PT Perma Plasindo Tbk, listed on the Indonesia Stock Exchange under ticker BINO, operates in office equipment and stationery, with a business history that dates back to 1992. Public market data shows that the company's equity has traded with a relatively small free float, periodic jumps in turnover, and persistent pressure on profitability, which helps explain why its price history can look disconnected from its fundamentals.
Historical price pattern
The most important feature of price action in BINO is the wide gap between its 2024 peak and its later trading levels. FT data showed a 52-week range from IDR 104 on Jul. 8, 2025 to IDR 278 on Nov. 22, 2024, while later quotes around May and July 2025 clustered near IDR 109 to IDR 114. That means the stock lost much of the momentum it had during its earlier surge, even though it continued to trade actively on selected days.
Daily historical quotes reinforce that view. In January and February 2026, the stock mostly moved in a band from roughly IDR 123 to IDR 136, with one standout session on Jan. 22, 2026 when it touched a high of IDR 170 on volume of 44.9 million shares before closing at IDR 135. That kind of session is typical of a name where sharp spikes can appear without lasting trend confirmation.
What drove the moves
BINO's history suggests the market has been trading a mix of sentiment, liquidity, and weak fundamentals rather than a clean earnings-led rerating. Stockanalysis reported trailing revenue of IDR 348.76 billion, net income of negative IDR 43.57 billion, and EPS of negative 19.86, which is the sort of earnings profile that often caps valuation expansion. Investors may see the chart rise, but the underlying business has not consistently produced the profit support needed to sustain it.
Valuation metrics also hint at a market that is pricing BINO as a distressed or special-situation stock rather than a classic compounder. Investing.com's peer-style snapshot showed a negative P/E ratio, price-to-book around 0.6x, and price-to-sales around 0.7x, while beta was only 0.33, suggesting the stock often behaves less like a broad-market risk proxy and more like a locally driven trading vehicle. In other words, weak earnings and selective speculation can coexist in the same tape.
"The transaction data displayed above is delayed data of approximately 15 minutes. The data displayed on this site is for informational purposes only and cannot be used as a trading reference." This warning matters because BINO's historical moves can look tradable in hindsight, but thinly traded names can reverse quickly when liquidity dries up.
Key dates and levels
The stock's recent history is easier to understand when broken into a few anchor points. The IPO reference on IDNFinancials lists an offering price of IDR 138, showing that the market later traded both below and far above its original listed price. By July 17, 2025, the same source showed BINO at IDR 109 with a day high of IDR 113 and market cap around IDR 248.0 billion, illustrating how far the share price had retreated from its earlier highs.
| Date | Observed level | Why it matters |
|---|---|---|
| IPO price | IDR 138 | Sets the original market reference point. |
| Nov. 22, 2024 | IDR 278 52-week high | Marks the top of the recent range. |
| Jul. 8, 2025 | IDR 104 52-week low | Shows the depth of the drawdown. |
| Jul. 17, 2025 | IDR 109 close | Confirms the stock was still trading near the bottom of its band. |
| Jan. 22, 2026 | IDR 135 close, IDR 170 intraday high | Shows the kind of sudden spike investors can miss. |
| Feb. 13, 2026 | IDR 129 close | Suggests the stock stayed range-bound after the spike. |
Trading behavior
BINO's trading history looks more like a range-bound momentum name than a steady long-term trend. In the January to February 2026 sample, the stock repeatedly bounced between the low 120s and mid-130s, with occasional volume surges that did not immediately convert into a durable breakout. This pattern usually signals that traders are active while longer-term investors remain cautious.
Volume is a critical part of the story because small-cap names can move dramatically on limited turnover. The Jan. 22, 2026 session logged 44.9 million shares, far above surrounding days in the same history set, which implies that one burst of interest can briefly reprice the stock before it settles back. That kind of behavior can create the illusion of a trend even when the underlying liquidity pattern is unstable.
Business context
The company's operating profile helps explain why the stock history is so uneven. TradingView describes PT Perma Plasindo Tbk as a holding company engaged in the production, distribution, and trading of office equipment through stationery and rent segments, while other data sources note brands linked to stationery and organiser products. A company with this kind of operating base can remain relevant, but it also faces mature-category competition and margin pressure.
Public records also show a capital structure that is not especially large by listed-company standards. FT data listed 2.28 billion shares outstanding and a market cap of IDR 284.41 billion on one recent reading, while IDNFinancials reported a market cap near IDR 248.01 billion in July 2025. That scale helps explain why BINO can move sharply when buyers or sellers concentrate in a single session.
Investor takeaways
Investors studying BINO stock history should treat the chart as evidence of episodic speculation rather than clean long-term value creation. The stock has shown the ability to rally quickly, but the same history also shows deep retracements, persistent losses, and price levels that often sat below the company's IPO reference point.
- The stock has a proven ability to surge, but those spikes have not always lasted.
- Fundamentals remain the key caution, because trailing profits have been negative.
- Liquidity can distort the chart, especially when one session carries outsized volume.
- The market appears to value BINO as a small, thinly traded story stock rather than a stable dividend play.
- Check whether any move is backed by volume, not just price.
- Compare the current quote with the IPO price and the 52-week range.
- Review recent revenue and net income trends before assuming a breakout is fundamental.
- Use caution with single-day spikes, because they may reflect temporary order imbalances.
Why the pattern matters
The hidden pattern in BINO's history is that the stock can look cheap after a selloff, then suddenly attract speculative buying without fixing the operating story underneath it. That is why investors who only scan the chart may miss the broader cycle: weak earnings, brief re-ratings, and an eventual return to a narrow band. In practical terms, the market has been rewarding event-driven trading more than patient ownership.
For readers comparing BINO with other Indonesian micro- and small-cap stocks, the lesson is simple: a low price is not the same as a low risk. BINO's stock history shows that the real question is not whether it can move, but whether those moves can be sustained by better cash flow, stronger margins, and deeper trading liquidity.
What are the most common questions about Pt Perma Plasindo Tbk Bino Stock History Looks Odd?
What is BINO stock history?
BINO stock history refers to the trading record of PT Perma Plasindo Tbk on the Indonesia Stock Exchange, including its IPO price of IDR 138, its later 52-week high of IDR 278, and its subsequent decline into the IDR 100s.
Why did BINO stock fall after its peak?
The most likely reasons are weak profitability, thin liquidity, and fading momentum after a speculative run-up, all of which are visible in the historical price and financial data.
Is BINO a dividend stock?
BINO has shown dividend activity in public market data, but the available records do not suggest a stable high-yield profile, and the stock's appeal has been driven more by trading behavior than income investing.
What is the most important risk in BINO?
The biggest risk is that the stock can move sharply on limited volume, which makes price discovery noisy and can quickly reverse gains when demand fades.