Ouch! FILM & Panin Dubai Shares Affected by ARB, TBIG cs Shares Rise

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Jakarta, CNBC Indonesia – The shares of the Panin Group bank issuer, PT Bank Panin Dubai Syariah Tbk (PNBS) ran aground and touched bottom auto rejection (ARB) as today’s top losers. This happened as market participants took profits from PNBS shares.

Equivalent to three money, the shares of the issuer of the production house PT MD Pictures Tbk (FILM) also fell as top losers and touched ARB, Tuesday (13/4/2021). This weakening continued the correction on Monday (12/4).

The Composite Stock Price Index (IHSG) fell again today. JCI corrected 0.72% to 5,905.47 at the close of the first trading session, Tuesday (13/4).

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According to IDX data, there were 130 shares that rose, 339 shares fell and 149 shares did not move, with a transaction value of IDR 4.82 trillion and trading volume reaching 7.89 billion shares.

Foreign investors from the stock market flocked to Indonesia with net sales of Rp 168.92 billion in the regular market. Meanwhile, foreigners recorded net sales in the negotiation market and cash market of IDR 16.18 billion.

Here are the top 5 stock gainers and losers of session I today (13/4).

Top Gainers

Saranacentral Bajatama (BAJA), shares +17.74%, to IDR 292, transactions IDR 10.8 billion
Perdana Karya Perkasa (PKPK), +13.75%, to IDR 91, transaction IDR 15.8 billion
Tower Bersama Infrastructure (TBIG), +9.39%, to IDR 2330, transaction IDR 122.4 B
Surya Esa Perkasa (ESSA), +9.19%, to IDR 404, transaction IDR 37.3 billion
Bank Net Indonesia Syariah (BANK), +9.15%, to IDR 3,340, transaction IDR 183.4 billion

Top Losers

Bank Panin Dubai Syariah (PNBS), shares -6.87%, to IDR 122, transactions IDR 23.9 billion
MD Pictures (FILM), -6.67%, to IDR 560, transaction IDR 45.2 billion
Sunindo Adipersada (TOYS), -6.67%, to IDR 252, transaction IDR 13.3 billion
State Gas Company (PGAS), -6.50%, to IDR 1,150, transaction IDR 152.7 billion
Ace Hardware Indonesia (ACES), -5.86%, to IDR 1,365, transaction IDR 29.7 billion

According to the list above, the shares of the issuer steel producer, BAJA, are the top gainers with a notch of 17.74% to the position of IDR 292/share. With this strengthening, BAJA shares have shot up for three consecutive days, or since last Friday (9/4).

In the last 2 trading days, the issuer’s shares, which have been on the stock exchange since 2011, recorded an increase of up to 34%.

Apparently, the increase in shares was driven by the company’s financial performance reports which were successful throughout the past year. For information only, BAJA released its financial report last Friday (9/4).

BAJA’s net profit in 2020 was IDR 55.12 billion, skyrocketing 4,852.32%. Last year’s operating income rose to IDR 1.20 trillion from IDR 1.07 trillion in 2019.

In contrast to BAJA, Panin Group bank shares, PNBS, even sank and touched ARB in trading session I today, by 6.87% to IDR 122/share.

This weakening broke the strengthening rally for four consecutive days, or since last Wednesday (7/4). Market participants seem to take profits (profit taking) on this stock.

In the company’s latest release, Monday (12/4), PNBS admitted that it is currently exploring collaboration with a number of third parties, one of which is to support the retail sector which includes Micro and Small Enterprises (UMK) through Multi Service products.

The Board of Directors said, along with the recent developments in digital technology, the company has signed an MOU with a digital platform provider that has the same vision and mission as the Company.

In addition, PNBS will also participate through value-chain empowerment for the MSME sector digitally, especially providing productive financing to traditional stalls through a value-chain mechanism.

Not only PNBS, FILM shares also sank and touched an ARB of 6.67% to IDR 560/share. The transaction value of these shares is IDR 45.2 billion.

latest news, The company’s management, led by film producer Manoj Punjabi, gave a statement regarding the entry of the company’s shares under special supervision from the Indonesia Stock Exchange (IDX) as a result of the company’s shares moving out of the ordinary, aka unusual market activity (UMA).

FILM’s management stated that until now there is no material information or facts that affect the company’s share price. This comes after this stock has skyrocketed by 200% in the last 6 month period.

In the disclosure of information submitted by the company, the last information submitted by FILM was on April 6, 2021.

This information is in the form of an affiliated transaction, namely the provision of deposit guarantees worth IDR 49 billion for debt restructuring from its parent company, PT MD Graha Utama.

Apart from this news, until now there is still no latest news regarding the company’s plans. However, the company stated that in the near future it would hold an Annual General Meeting of Shareholders (AGMS).

CNBC INDONESIA RESEARCH TEAM

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