Jakarta, CNBC Indonesia – Towards the end of trading in 2021, the Indonesia Stock Exchange (IDX) turned on the surveillance radar for four issuers, after an unusual increase in the share price (Unusual Market Activity/UMA) in two issuers, while the other two experienced unusual price declines.
The four issuers being monitored by the stock exchange are PT Jaya Swarasa Agung Tbk (TAYS), PT Berkah Prima Perkasa Tbk (BLUE), PT Lotte Chemical Titan Tbk (FPNI), and PT Pembangunan Graha Lestari Indah Tbk (PGLI).
An issuer engaged in the snack food industry, TAYS experienced an unusual decline in stock prices. In the last 20 trading days, this stock closed stagnant only three times, while the rest closed in the red zone and never closed higher for a single day.
IDX data noted that in a week this stock has slumped 16.82% and since December 6, or less than a month, its valuation has lost 68.60%. Currently, TAYS shares are traded at Rp 178 per share, with the remaining market capitalization of Rp 195.61 billion.
Following the UMA status obtained, the Corporate Secretary of TAYS through information disclosure said that until now there is no material information or facts that can affect the value of the company’s securities.
“There is no information/facts/other important material events that can affect the price of the Company’s securities and the viability of the Company that have not been disclosed to the public,” wrote Corporate Secretary TAYS Indarto, quoted by CNBC Indonesia Friday (31/12).
The company is engaged in the wholesale trading of computer equipment, BLUE also experienced an unusual price decline. In a week this stock has corrected almost 30%, while in a month its market capitalization has disappeared more than half.
IDX data noted that since the beginning of December, in 23 trading days, this stock only closed in the green zone 3 times, one day closed stagnant, while the rest were always in the red zone. Even until this afternoon (31/12), BLUE’s stock is at the limit auto rejection lower.
Currently, BLUE shares are traded at a price of Rp. 300/share with a market capitalization of only Rp. 125.40 billion.
Previously on December 23, the company had provided information to the IDX regarding the volatility of securities transactions, in which the company secretary Vini Hardianti said that there was no material information or facts that could affect the value of the company’s securities or the investment decisions of investors.
Regarding the activities of investors, Vini mentioned that “the company received information that several public investors had contacted the controlling shareholders of the Company for plans to transfer their ownership. These public investors had difficulty selling their shares in large quantities due to the company’s illiquid shares. The offer was finally taken. by another legal entity which is also controlled by the controlling shareholder of the company.”
Regarding corporate actions, Vini explained “the company has no plans to take corporate actions in the near future up to the next 3 months, which will result in the listing of the Company’s shares.”
Vini in a separate statement said that in the first nine months of this year, the company’s performance increased from the same period the previous year, both in terms of revenue, gross profit and net profit received.
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