Jakarta CNBC Indonesia – The Composite Stock Price Index (JCI) this week rose 15.28 points or 0.25% to 6,022,399. Behind it, there is a stock that prints how of transactions (capital gain) to hundreds of percent.
According to data from the Indonesia Stock Exchange (IDX), the six stocks that scored the biggest rally (top gainer) this week mainly engaged in the banking, industrial, property, and consumer goods sectors.
Shares of consumer goods issuer PT Primarindo Asia Infrastructure Tbk (BIMA) led with a 138.6% rally, so that its share price more than doubled to Rp 136/share.
There is no fundamental reason for the increase in shares with a market capitalization of Rp 62 billion.
The second position is occupied by shares of PT Binakarya Jaya Abadi Tbk which is engaged in the property sector.
This BIKA coded stock also has no reason for a fundamental price increase, considering that its financial performance was actually depressed due to the pandemic, with a net loss of Rp 6.7 billion (2020) or worse from the previous year’s loss of Rp 4.2 billion.
Quite positive news came from the success of debt restructuring in property projects that were worked on through its subsidiaries. Bank creditors who approved the restructuring include PT Bank Tabungan Negara Tbk (BTN), PT Bank Nationalnobu Tbk, and PT Bank DKI.
Shares of industrial issuer PT Telefast Indonesia Tbk (TFAS) this week rose 74.2% and took third place after the company said it took part in a distributor of electric vehicles, batteries and supporting services by owning a minority stake in PT Energi Always Baru, together with PT Digital. Mediatama Maxima Tbk (DMMX).
ESB has partnered with digital logistics company SiCepat and plans to build a network of battery exchange stations. This expansion of the battery exchange network will also use the DMMX retail store network throughout Indonesia.
PT Tira Austenite Tbk (TIRA) shares rose after announcing that they no longer own shares in PT Batam Citra International, following the pressure of the pandemic. The company sold its shares in the company for Rp 923.7 million, three times the purchase price of Rp 250 million.
Two banking stocks that entered the ranks of the champions top gainer are PT Bank Harda Internasional Tbk (BBHI) or Allo Bank Indonesia and PT Bank Ina Perdana Tbk (BINA) which are controlled by Indofood boss Anthony Salim. Both rose in the week by more than 70% each.
The increase in the two cannot be separated from the strategic plans of the two tycoons who are ready to inject funds into the two banks through the mechanism rights issue or Capital Increase with Pre-emptive Rights (HMETD).
CNBC INDONESIA RESEARCH TEAM
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