Top! Foreigners spend more than IDR 1 T in a month in these 5 stocks

Jakarta, CNBC Indonesia – In the midst of the Composite Stock Price Index (JCI) rising nearly 5%, there are 5 big stocks with large market capitalizations that have shot up, accompanied by wholesale actions by foreigners of up to trillions of rupiah in the last month.

According to data from the Indonesia Stock Exchange (IDX), as of Friday’s market close (29/10/2021), the JCI shot 1.03% to a position of 6,591,346 compared to the previous day. Within a month, the JCI has risen 4.84%, while since the beginning of the year (year to date) the JCI has soared by 10.23%.

As the JCI appreciated, foreign investors recorded a net purchase of Rp 20.93 trillion in the regular market in a month. In terms of ytd, the net foreign purchase value reached Rp 40.76 trillion in the regular market.

Here are the 5 big cap stocks that are most bought by foreign investors in a month.

5 Big Cap Stocks with the Highest Foreign Net Buy Value in a Month

Source: Indonesia Stock Exchange (IDX) | Last price per October 29, 2021

If you look at the list above, 3 out of 5 stocks are giant bank issuers. The three are shares of state-owned bank PT Bank Rakyat Indonesia Tbk (BBRI), shares of private bank Djarum Group PT Bank Central Asia Tbk (BBCA), and another state-owned bank PT Bank Mandiri Tbk (BMRI).

Then, the remaining 2 are shares of the Astra Group issuer PT Astra International Tbk (ASII) and the state-owned telecommunications issuer PT Telkom Indonesia Tbk (TLKM).

BBRI shares were the most bought by foreigners, reaching Rp 7.0 trillion in a month. Along with the foreign buying action, BBRI’s share price shot up 10.39% to Rp 4,250/share in the past month.

In addition to the success of the process of increasing capital with pre-emptive rights (HMETD) or BRI’s rights issue worth Rp. 96 trillion last September, the stable financial performance also encouraged foreigners to buy up BBRI shares and ultimately made the price rise too.

BRI recorded a consolidated net profit for 9 months this year or as of September 2021 reaching Rp 19.07 trillion, up 34.77% from the same period last year of Rp 14.15 trillion.

Meanwhile, net profit attributable to the parent company increased 36.40% to Rp 19.26 trillion from the same period the previous year of Rp 14.12 trillion.

In the same period, the company recorded a consolidated net interest income of Rp 19.31 trillion, growing 27.90% YoY.

Under the shares of BBRI, there is another state-owned bank, BMRI, which is also bought up by many foreigners up to Rp 3.0 trillion in the regular market. BMRI’s share price also rose 16.67% in a month, the largest among the other 4 big cap stocks.

Until the third quarter of 2021 or as of September 2021, Bank Mandiri was able to record a net profit of Rp 19.23 trillion, growing 37.1% year on year (YoY) from the previous Rp 14.03 trillion.

It was noted that until the third quarter of 2021, the company’s credit rate on a consolidated basis was able to grow positively by 16.93% YoY to Rp 1,021.6 trillion which was also offset by Bank Mandiri’s CASA Ratio (bank only) which increased by 7.15% year on year ( YoY) which is at the level of 74.57%.

Third, BBCA’s shares recorded a net foreign purchase of IDR 2.5 trillion, accompanied by a 6.79% increase in stock prices in a month.

Previously, on Wednesday (13/10), BCA officially set a new stock split price with a ratio of 1:5. At the same time, BBCA’s shares were bought up by investors. On the same date, BBCA shares rose 2.73%.

Then, a day later, on Thursday (14/10), BBCA’s shares touched an all-time high of Rp 7,750/share. However, after that BBCA shares tended to take profit-taking. In a week, for example, this stock is minus 0.66%.

Most recently, BCA recorded a net profit of Rp 23.2 trillion in the first 9 months of 2021, an increase of 15.8% YoY from the same period last year of Rp 20 trillion.

The increase in net profit was supported by net interest income for the first 9 months of 2021 which recorded an increase of 3.3% YoY to Rp42.2 trillion.

ASII and TLKM shares were also collected by foreign investors, amounting to Rp 1.2 trillion and Rp 1.1 trillion respectively in a month. The prices of the two shares also rose, namely 9.55% and 2.98%.

The latest news is that ASII recorded a group net profit of IDR 15.0 trillion in 9 months of this year or as of September 2021, 7% higher than the first 9 months of 2020, which was IDR 14.04 trillion, when the Group profited from the sale of Bank shares. Gemstone.

Without taking into account the gain from the sale of Bank Permata shares, the group’s net profit increased by 84%, with the performance of all business divisions being better.

The Group’s consolidated net income in the first 9 months of 2021 was IDR 167.4 trillion, an increase of 28% compared to the same period last year.

In addition to the rights issue sentiment, stock split to smooth financial performance, there is also the issue of window dressing effects that have been felt since early October.

The increase in the Composite Stock Price Index (JCI) in the first month of the last quarter itself is often attributed to the buying action of investors who ‘steal the start’ in collecting blue chip or big cap stocks, which are usually hit at the end of the year. window dressing effect.

Window dressing itself can be considered as a strategy to polish financial statements for issuers and portfolios owned by fund managers so that they look more beautiful in the eyes of investors.

Window dressing itself usually occurs at the end of the year. According to data processed by the CNBC Indonesia Research Team, from 2001 to 2020, the JCI has always strengthened during December.

CNBC INDONESIA RESEARCH TEAM

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