Home » Business » JCI may collapse, but this stock is up 40%.

JCI may collapse, but this stock is up 40%.

Jakarta, CNBC Indonesia – The shares of PT Sigma Energy Compressindo Tbk (SICO) have successfully established themselves in the ranks of the best earnings this week, while coal-listed company PT Black Diamond Resources Tbk (COAL) posted an unsatisfactory performance at the top of the chart the best losers last week.

The Composite Stock Price Index (JCI) posted a disappointing performance this week amid the black fog that enveloped the market after the recession issue shocked the market again.

Throughout this week, the country’s stock market index fell by 3.02% respectively. point to point. Over the past month, the JCI fell 4.94% but still recorded an increase of 1.86% over the past three months.

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If you look at the trading data for a week, the JCI has never seen a strengthening. At the end of trading this week, the index was down nearly 1% to be exact 0.96% to 6,814.53 on Friday (10/14/2022).

At least amid the weakening of the JCI this week there are five witnesses that have a strong appearance in the ranks the best earnings and five stocks that were hit by a significant sell-off and became the best losers In the last week.

The following are this week’s “lost” and “lost” headlines compiled by the CNBC Indonesia research team.

Best earnings of the week

Actions

Issuer

Reli (%)

Last Price (Rp)

Last week (Rp)

SICO

PT Sigma Energy Compressindo Tbk

40.66

256

182

VICO

PT Victoria Investama Tbk

38.46

288

208

BACA

PT Bank Capital Indonesia Tbk

31.36

155

118

SMDU

PT Sidomulyo Selaras Tbk

27.69

83

65

NICE

PT Resto Indonesia Tbk Champion

24.66

2300

1845

CLEO

PT Sariguna Primatirta Tbk

19.49

705

590

Shares of PT Sigma Energy Compressindo Tbk (SICO) lead the ranking the best earnings this week with a transaction value of Rp 38.6 billion and a trading volume of 193.1 million shares.

Throughout this week, SICO shares have been bought by foreigners (net purchase) reached IDR 300 million in all markets.

If you look at the trading data, from trading October 10 to Friday (10/14/2022), SICO shares weakened only 1 time and went green 4 times. With this, SICO shares have risen by 40.66% in the last week and have risen by 39.89% in the month.

Given its financial performance in the first half of 2022, the stock, which was listed on the stock exchange on April 8, 2022, managed to record an impressive performance with significant growth.

SICO’s net profit in the first half of 2022 reached Rp 4.3 billion, up 70% over the same period last year of Rp 6.4 billion. This is a satisfying result for issuers who are still newcomers to the stock exchange.

The increase in net profit during the first six months of 2022 was contributed by the company’s various programs and strategies in implementing cost efficiency and effective marketing.

This happens in line with the recovery of national economic conditions, thus increasing the demand for SICO services.

The largest contribution to the company’s revenue came from the rental of GasJack compressors to the oil and gas industry, contributing 68%. This is followed by revenues from sales of fuel by 30% and other services by 2%.

For information, SICO is a company engaged in the oil and gas monetization equipment rental services business using compression technology to reduce greenhouse gas emissions.

SICO is said to have helped reduce greenhouse gas emissions by cutting up to 1,500 MMSCF of gas annually worth $ 12.5 million.

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