BBCA shares will be more affordable after the stock split, this is the recommendation of the analyst

Reporter: Akhmad Suryahadi | Editor: I knew Laoli

KONTAN.CO.ID – JAKARTA. PT Bank Central Asia Tbk (BBCA) plans to take corporate action by splitting the nominal value of shares (stock split). The largest national private banking issuer in the country will split the value of its shares with a ratio of 1:5.

With this corporate action, the total number of BBCA shares will increase from 24.65 billion shares to 123.27 billion shares. Meanwhile, the par value of the shares will change from Rp 62.5 per share to Rp 12.5 per share.

BBCA management said: stock split This aim is to increase the liquidity of BBCA’s stock trading on the Indonesia Stock Exchange and make BBCA’s share price more affordable for retail investors, including the demographic of young investors.

“So it is hoped that it will increase the number of company shareholders,” said Raymon Yonarto, BBCA’s Corporate Secretary, in an information disclosure on the IDX website, Friday (30/7).

Also Read: There will be a stock split with a ratio of 1:5, this is the prospect of Bank BCA (BBCA) shares going forward

A number of analysts believe that this corporate action will make BBCA’s shares more attractive to retail investors.

Erdikha Elite Sekuritas analyst Ivan Kasulthan assessed that the corporate action carried out by the issuer with the largest market capitalization on the Indonesia Stock Exchange (IDX) was quite interesting. The split in the number of BBCA shares at this time will certainly have an impact on stock liquidity.

“This price is more affordable when compared to the price before the stock split, of course,” explained Ivan. As of Friday (30/7), BBCA’s shares were at Rp 29,850 per share. Assuming a 1:5 stock split, it is estimated that the stock could be relatively cheap to a price of Rp. 5,970 per share.

Also Read: Check out analyst predictions about the stock price of Bank BCA (BBCA) after the stock split