Shares of Issuer Prajogo & FILM Become Champions, ZINC-IPTV Falls

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Jakarta, CNBC Indonesia – Issuer shares owned by conglomerates Prajogo Pangestu, PT Barito Pacific Tbk (BRPT) succeeded in becoming top gainers in the first half of trading today, Thursday (20/5/2021). The skyrocketing of BRPT shares occurred in line with net buying by foreign investors this afternoon.

Similar to BRPT shares, the shares of the issuer of the film production house, PT MD Pictures Tbk (FILM) are also sticking out after sinking for 3 consecutive days, or since last Monday (17/5).

The shares of mining issuer PT Kapuas Prima Coal Tbk (ZINC) and shares of the MNC Group PT MNC Vision Networks Tbk (IPTV) were the losers in session I.

The Composite Stock Price Index (IHSG) managed to rebound today. JCI rose 0.77%, again breaking the psychological level of 5,800 to 5,805.223 at the close of the first trading session, Thursday (20/5).

According to IDX data, there were 232 shares that rose, 218 shares declined and 168 shares stagnated, with a transaction value of IDR 5.49 trillion and trading volume reaching 232 billion shares.

Foreign stock market investors entered Indonesia with net foreign purchases of IDR 135.81 billion in the regular market. Meanwhile, foreigners recorded net sales in the negotiation market and cash market of IDR 130.79 billion.

Here are the top 5 stock gainers and losers of session I today (20/5).

Top Gainers

  1. Yeloo Integra Datanet (YELO)shares +12.38%, to IDR 118, transactions IDR 7.8 billion

  2. XL Axiata (EXCL)+7.77%, to IDR 2,220, a transaction of IDR 185.8 billion

  3. Central Partners Informatics (LUCK)+6.82%, to IDR 282, a transaction of IDR 44.2 billion

  4. Barito Pacific (BRPT)+5.71%, to IDR 925, a transaction of IDR 55.7 billion

  5. MD Pictures (FILM)+5.66%, to IDR 448, transaction IDR 33.1 billion

Top Losers

  1. Era Mandiri Brilliant (IKAN)shares -6.72%, to IDR 125, transaction IDR 12.0 billion

  2. Kapuas Prima Coal (ZINC)-6.54%, to IDR 143, a transaction of IDR 34.3 billion

  3. Budi Starch & Sweetener (BUDI)-6.19%, to IDR 212, a transaction of IDR 10.1 billion

  4. MNC Vision Networks (IPTV)-6.06%, to IDR 248, a transaction of IDR 16.3 billion

  5. Digital Mediatama Maxima (DMMX)-4.26%, to IDR 900, a transaction of IDR 69.3 billion

According to the data above, BRPT shares managed to accelerate 5.71% to IDR 925/share with a transaction value of IDR 44.2 billion.

The holding stock of the petrochemical issuer PT Chandra Asri Petrochemical Tbk (TPIA) managed to rebound from a 0.57% correction to Rp 875/share yesterday.

BRPT shares managed to increase in line with foreign net buying which reached IDR 13.62 billion in session I.

Within a week this stock was still stagnant by 0.00%, while in a month it was corrected by 2.63%.

Barito Pacific will distribute dividends worth US$ 18 million or the equivalent of IDR 259.20 billion (assuming an exchange rate of IDR 14,400/US$) as cash dividends to its shareholders.

This amount represents 50% of the company’s net profit during the 2020 period.

Barito Pacific Director David Kosasih said this had been decided at the 2020 Annual General Meeting of Shareholders (AGMS) which was held on Wednesday (5/5/2021).

The total dividend distributed was US$ 18 million, equivalent to 50% of the net profit attributable to owners of the parent entity of US$ 36.27 million in 2020,” David said in a press release, quoted Thursday (6/5/2021).

Then, 49% of the net profit or US$ 17.91 million will be used as retained earnings to finance the company’s activities. While the remaining 1% or US$ 362,745 will be set aside as a reserve, in accordance with Article 70 paragraph 1 UUPT.

Not only BRPT shares, FILM shares also managed to shoot up 5.66% to IDR 448/share. FILM shares managed to recover from the weakening since 3 days ago.

Despite strengthening, during the week FILM shares still fell 7.05% in a week and fell as deep as 21.40%.

As for the latest financial performance, issuer led by Manoj Punjabi achieved a net profit of IDR 18.14 billion in the first quarter of 2021. This condition reversed the situation from a loss position of Rp. 8.99 billion in the first quarter of 2020.

Based on FILM’s financial report, this profit achievement was driven by an almost 2-fold increase in revenue from IDR 29.36 billion in the first quarter of 2020 to IDR 60.96 billion in the first quarter of 2021. Meanwhile, the cost of goods sold could be reduced so that it fell 10.8% to IDR 27.28 billion in the same period.

With a different fate, ZINC’s shares sank to touch the lower auto rejection (ARB) of 6.54% to IDR 143/share. This is the fourth time in a row that this stock is ARB, or since last Monday (17/5).

With this in a week, ZINC’s shares fell 23.52%, even though they still grew 11.72% in a month.

Similar to ZINC shares, IPTV shares fell 6.06% to Rp 248/share. Market participants seem to be taking profits (profit taking), after this stock closed soaring 10.00% in yesterday’s trading.

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

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