Jakarta, CNBC Indonesia-The first half of 2021 will be a turbulent period for the Jakarta Composite Index (JCI). Had accelerated to penetrate the 6,500 level at the beginning of the year, the JCI had to be willing to only appreciate slightly.
Starting the beginning of the year slightly below the 6,000 level, to be precise at 5,979.07, the JCI ended the second quarter with a slight appreciation of 0.11% to the level of 5,985.48.
Although only slightly appreciated, foreign investors actually invaded the local capital market in the first 6 months of this year by making massive net purchases of Rp 4.32 trillion in the regular market.
Here are 5 stocks that are continuously collected by foreign investors during the first 6 months of this year.
The stock that has become the prima donna of foreign investors for the past 6 months is PT Telkom Indonesia Tbk (TLKM) which was bought up by foreigners for Rp. 4.3 trillion during that period. TLKM’s performance that is immune to corona is one of the reasons for the massive foreign buying action in this stock.
It was recorded that in the 2020 pandemic, instead of being eroded, TLKM’s profit even shot up 11%. Even this continues in the first quarter of 2021 where this Red Plate company recorded a net profit attributable to owners of the parent company of Rp 6.01 trillion in the first quarter of 2021. The net profit recorded an increase of 2.59% from the same period in the previous year of Rp 5.86 trillion.
Furthermore, in the second position the foreign favorite stock was PT Bank Rakyat Indonesia Tbk (BBRI) which was bought up by foreigners with a total of Rp 3.5 trillion. The reason for foreigners to enter BBRI shares is of course none other than the company’s readiness to carry out the largest corporate action in the history of the capital market in Indonesia.
BBRI will carry out the plan to increase capital by granting Pre-emptive Rights (HMETD) orrights issueand plans to deposit shares in forms other than money (Inbreng) by the Republic of Indonesia as the Controlling Shareholder (PSP) of the company
With these two corporate actions, BBRI will become the majority shareholder in PT Pegadaian (Persero) and PT Permodalan Nasional Madani (Persero) or PNM as part of the formation of Ultra Micro BUMN Holding.
Furthermore, BBRI together with Pegadaian and PNM will develop the business through the provision of financial services in the ultra micro segment so that it will contribute positively to the company’s financial performance.
Furthermore, other favorite foreign stocks, namely PT Bank Mandiri Tbk (BMRI) which was bought up by foreigners for Rp. 1.4 trillion, PT Merdeka Copper Gold Tbk (MDKA) which was collected by foreigners with Rp. 758 billion, and PT Kalbe Farma Tbk (KLBF) which was bought by foreign Rp 702 billion.
Even though these stocks were bought up by foreigners, the correction still haunts the foreign prima donna stocks. It was recorded that TLKM fell 4.83%, BBRI fell 5.52%, BMRI fell 6.72%, and KLBF fell 5.41%. It is recorded that only MDKA has successfully shot up 20.99%.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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