Here are the 5 Stocks ‘Receh’ Idols for Investors!

Jakarta, CNBC Indonesia – In the midst of the 1.03% increase in the Composite Stock Price Index (JCI), investors tended to hunt for third-tier stocks or stocks with a capitalization value below Rp 500 billion (small cap) in the past month.

Thanks to the wholesale action by investors, some of the ‘little’ issuers’ shares jumped by more than 100%.

Indeed, stocks small cap, because it has high price volatility, is often the target of big investors and stock speculators because it can easily manipulate the price or known as ‘frying’ stocks.

However, despite the high volatility, the increase in a number of third liner stocks was actually followed by positive sentiment.

Here’s a table of the top 5 stocks third liner who became the top gainers in the past month, referring to IDX data as of this Thursday (30/9):

5 Big Third -tier Stocks, Highest Rise in Month

Source: Indonesia Stock Exchange (IDX), RTI | Last position as of September 30, 2021, at 10.00 WIB

According to the table sourced from the IDX data above, there are stocks AYLS services trading issuer, two coal issuers PKPK and BOSS, an issuer of home and office furniture manufacturer CBMF, and an issuer of manufacturing and fabricating ARKA heavy equipment components.

AYLS shares lead the table with a ‘flying’ 126.67% over the past month. With this significant spike, the stock exchange finally suspended (temporarily stopped trading) AYLS shares since last Tuesday (28/9). Even today, AYLS shares are still ‘locked’ by the IDX.

“The exchange urges interested parties to always pay attention to the disclosure of information submitted by the company,” the IDX wrote.

On September 8, the management of AYLS has responded to the volatility of the company’s shares through information disclosure on the IDX. AYLS explained that the company did not know about the cause of the surge in the company’s shares in the last period.

“We the Company are not aware of any material information or facts that can affect the value of the company’s securities and we the Company also do not know if there is material information or facts and activities by and from certain shareholders,” explained AYLS, quoted by CNBC Indonesia, Thursday (30/30/2020). 9).

The company also stated that there is no corporate action plan for at least the next 3 months.

In addition to AYLS shares, there are PKPK shares which soared 125.40% in a month. However, today, this stock has decreased to touch the lower auto rejection limit (ARB) of 6.58% after rising in recent days. PKPK shares were also suspended by the stock exchange, namely on Wednesday (29/9) yesterday due to the extraordinary price spike.

For three dollars, BOSS’s shares have climbed 66.67% in the last 30 days. On the day, BOSS shares fell 1.80%, continuing the 6.72% correction in yesterday’s trading. The weakening in the last two days seems to have been driven by investors’ profit-taking after BOSS shares had jumped for 3 consecutive days.

The recent surge in PKPK and BOSS shares has coincided with the surge in other coal stocks. The increase in coal stocks was driven by the rally in coal commodity prices which managed to surpass the level of US$ 200/ton or the highest level since 2008.

Yesterday, Coal prices jumped again to US$ 209.85/ton. Coal is one of the commodities with the sharpest price increases this year.

Since the end of 2020 (year-to-date), the price of the black stone has skyrocketed by 163.35% point-to-point.

The increasingly expensive gas price also controls the price of coal. In the past week, natural gas prices in Henry Hub (Oklahoma) jumped 13.57%. On a year-to-date basis, prices soared 114.93%.

Increasingly expensive gas prices make the cost of generating electricity using this fuel increasingly uneconomical.

Not only the coal duo, CBMF’s shares soared 86.00% this month. However, it seems, the upward trend in CBMF shares has started to falter because this stock has been sinking for 4 consecutive days.

Investors seem to start taking profit after these ‘sleeping’ or illiquid stocks soared high. In the last month, CBMF shares have been stagnant 7 times.

Lastly, ARKA shares also managed to jump 66.60% in a month. However, this stock is experiencing a weakening trend, which is weakening for 5 days in a row with the percentage correction above 6% and some of them touching the ARB of 7%.

This stock suddenly rose on Wednesday (15/9) two weeks ago after not moving for more than 5 months.

ARKA’s stock last moved on March 30, 2021 when it rose by 2.00% to Rp 51/share, then the day after it fell 1.96% to gocap level aka Rp 50/share.

Last Thursday (23/9), the stock exchange announced that there had been an unusual increase in ARKA’s share price (Unusual Market Activity/UMA).

Previously, ARKA’s management admitted that they were not aware of any material information or facts that could affect the value of the company’s shares or the investment decisions of investors.

ARKA also explained that the company does not have a corporate action plan for at least the next 3 months.

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

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