AISA Chaos & FILM Stocks That Skyrocketed Colored JCI Last Week

Jakarta, CNBC Indonesia – Composite Stock Price Index (JCI) closed down 0.24% in last week’s trading to a level of 5,968.75. This was driven by weakening stocks from the basic industrial sector (-0.87%) and the consumer sector (-0.81%).

In the midst of the weakening of the JCI, several issuers also posted declining performance, and some issuers even experienced chaos in their companies. However, there are still listed companies that continue to book improved performance, even their share prices rose beyond reason.

CNBC Indonesia summarizes it for you for consideration before starting transactions today, Monday (27/8/2018).



1. GIAA Completes Loan Syndication Next September

PT Garuda Indonesia (Persero) Tbk (GIAA) estimates the global syndicated loan facility (global syndicated loan facility) worth US$300 million (Rp 4.3 trillion) will be completed in early September.

Currently, the company is completing loan documentation after conducting marketing to prospective creditors.

2. AISA chaos continues

Upset due to unresolved chaos at PT Tiga Pilar Sejahtera Food Tbk (AISA) made its retail investors start moving to finish.

The investors in the Taro snack producer formed the AISA Retail Investor Forum (FORSA) and noted that as many as 320 people have joined this forum via Telegram and WhatsApp short message media.

Previously, chaos occurred due to the termination of AISA’s board of directors by its commissioners. The staff also filed a lawsuit against the commissioner of the company.

3. PTRO transfers ownership of Santan Batubara shares to HRUM

PT Petrosea Tbk (PTRO) has released its share ownership in one of its subsidiaries to PT Harum Energy Tbk (HRUM).

In the disclosure of the Indonesia Stock Exchange (IDX), PTRO released 99.99 thousand shares of PT Santan Batubara (SBB) to HRUM with a transaction value of IDR 86.40 billion.

4. ASRI Records 26.84% Decrease in Net Profit

PT Alam Sutera Realty Tbk (ASRI) recorded a decrease in net profit of 26.84% throughout the first half of this year to Rp 517.29 billion. In the same period last year, the company recorded a net profit of IDR 707.08 billion.

Despite the decline in profits, the company’s sales and operating revenues grew 30.35% to Rp 2.19 trillion compared to last year’s first semester revenue of Rp 1.68 trillion.

5. ADRO experienced a decrease in net profit of 12.14%

PT. Adaro Energy Tbk (ADRO) experienced a decrease in net profit of 12.14% in the first semester of 2018. This value decreased to US$ 195.38 million (Rp 2.81 trillion, assuming Rp 14,400/US$) from US$ 222.39 million (Rp 3.20 trillion) in the same period last year.

In fact, the company’s revenue during the period experienced a slight increase of 3.93% to US$1.61 billion (Rp 23.18 trillion) from US$1.54 billion (Rp 22.30 trillion) in the same period the previous year.

6. Trimitra Propertindo IPO, Shares Immediately Increase 50%

The share price of PT Trimitra Propertindo Tbk (land) experience auto reject above or increased by 50% to the price level of IDR 585/share when transacted for the first time on the Indonesian Stock Exchange (IDX).

The property issuer previously set an initial public offering price of IDR 390 and was registered as the 597th issuer listed on the IDX.

In listing its initial shares, the company released as many as 773.3 million units of shares or 27.66% of the company’s issued and fully paid-up capital. The amount of fresh funds achieved by the company reached Rp 301.59 billion.

7. FILM’s Share Price Increases Up to 600%

PT. MD Pictures Tbk (FILM) has continued the rally since it was first traded on the IDX on August 7 2018. It is recorded that the share price has risen 623.81% to a price level of IDR 1,520/share from IDR 210/share.

The IDX temporarily suspended (suspensed) FILM shares after the recent significant increase in cumulative prices. The termination was made in order cooling down to allow adequate time for market participants to consider the information on the company controlled by Manoj Punjabi.

8. PGAS Records 191% Increase in Net Profit

PT Perusahaan Gas Negara Tbk (PGN/ PGAS) recorded a significant increase in net profit of 191% to US$145.94 million or more than IDR 2 trillion throughout the first semester of 2018. In the same period last year, the company’s profit was recorded at US$ 50 million or Rp 670.3 billion.

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