Jakarta, CNBC Indonesia – The famous Ustaz Yusuf Mansur expressed his joy through his Instagram account after finding out that the share price of PT Garuda Indonesia Tbk (GIAA) had strengthened, when the Jakarta Composite Stock Price Index (IHSG) was red on trading this Thursday (12/11/2020).
On his Instagram account, Yusuf wrote, “Maasyaa Allah … It would be great if my positive sentiment, with Allah’s permission, could make my friends profit and Garuda continues to improve.”
Of posts It appears that Garuda Indonesia’s share price rose 15.28% to Rp 332 / unit. This is the closing price of session I.
Trade data also recorded that Garuda’s stock transaction value reached Rp 218.3 billion and a trading volume of 681.7 million shares.
In the last week, GIAA’s shares rose 37.19%, a month up 44.35%, and in the last 6 months soaring 105% with a market capitalization of IDR 8.59 trillion. Today, foreigners recorded a net sell or net sale of Garuda shares at Rp 4.22 billion, so that the strengthening of shares was boosted by buying action by domestic investors.
Fundamentally, Garuda’s stock performance also occurs amidst the plan of the Ministry of BUMN under Minister Erick Thohir to form a holding company related to aviation and tourism.
The holding of BUMN Aviation and Tourism will soon be completed by the end of this year, with one of its members, Garuda.
President Director of Garuda Indonesia Irfaniaputra said that the holding company formation should be completed soon, at least by the end of this year.
“[Dalam tahap] Government approval … Yes [selesai akhir tahun], “said Irfan to CNBC Indonesia, Wednesday (4/11/2020).
He said that the holding would later be led by PT Survai Udara Penas (Persero) aka Penas with the holding companies that would be under it, from airlines and their supporters, hotels to retail which were wholly owned by the government.
Some of the companies that will be held in this holding include Garuda Indonesia, PT Pembangunan Pariwisata Indonesia (Persero) or Indonesia Tourism Development Corporation (ITDC), PT Angkasa Pura I and II, and PT Hotel Indonesia Natour (HIN).
The holding, which was said to have been prepared since early last year, is said to involve PT Pelita Air Services (Pelita Air) and the Indonesian Aviation Navigation Service Provider Corporation (AirNav).
Previously, President Joko Widodo said the merger of state-owned companies in this sector was crucial to revive the aviation and tourism sector which was hit by the impact of Covid-19.
“So that the next pandemic, the economic foundations in the tourism and aviation sectors can be better and can run even faster,” said Jokowi, Thursday (6/8/2020).
Yusuf Mansur also said last week that he would enter into Garuda’s shares, after obtaining a fortune from divesting shares in PT BRISyariah Tbk (BRIS).
(hps / bag)
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