JCI may be slow, but these stocks earn more than 100%!

Jakarta, CNBC Indonesia – The performance of the Composite Stock Price Index (IHSG) this week has been less than encouraging, weighed down by deteriorating global sentiment due to the increased potential for a recession.

The country’s benchmark stock index corrected by 0.17% this week, according to data from the Indonesia Stock Exchange (IDX). regularlypoint to point(ptp), after jumping 1.45% week on week last week.

Trading this week has been quite volatile as the JCI was under pressure at the start of the week due to unfavorable global sentiment. Then in Wednesday and Thursday trading, the JCI successfully surged before finally correcting in weekend trading on Friday (12/23/22) by 0.35% to 6,800.673.

In the midst of the JCI sinking this week, there are at least 6 stocks that have becomebetter earningsduring this week which had a significant increase of more than 100% and 6 stocks which were affected by significant selling and became the best losers.

Below is a list of actions that have become better earnings this week:

The shares of issuers engaged as suppliers of technical services and maintenance of telecommunication equipment, call center services and human resources services of PT Personal Transfer Daya Tbk (PADA) are among the ranks of better earnings number one this week, where the share price jumped by 107.55% from IDR 106/share to IDR 220/share. PADA just took the official stand on the Indonesia Stock Exchange on December 8, 2022 and listed its shares as the 57th company to IPO this year and became the 823rd company on the IDX.

The company has conducted an initial public offering (IPO) of 900,000,000 (nine hundred million) shares or 28.57% of the issued and fully paid-up share capital at a price of Rp 100 per share.

Thus, the funds that the company managed to raise amounted to IDR 90 billion, with details of IDR 20 billion through a centralized allotment (pooling allotment) and IDR 70 billion through a fixed allotment.

Proceeds from the IPO will be used for working capital or to finance the company’s operations. With several details including up to IDR 9.71 billion for Technical Services business line, IDR 5.21 billion for IT Development supporting all services business lines of the company.

So, IDR 6.27 billion for office services business line, IDR 5.13 billion for customer service center business line, IDR 3.28 billion for education or training business line and IDR 1.88 billion for IT upgrades to support the company’s operations.

In the second row are shares of coal mining issuers Successful PT Garda Tujuh Buana Tbk (GTBO) is up 57.33% in a week.

“The suspension sanction will be lifted after the company fulfills all of its obligations,” said Mulyana, head of PH’s IDX commercial and regulatory division.

Previously, GTBO shares were also under threat delisting from the stock exchange last July. This is because the suspension of GTBO shares has been going on for quite some time, almost 24 months.

Still, it looks like potential delisting GTBO shares will not happen once the hold is reopened.

On the other hand, the improved financial performance of GTBO is also the reason for re-opening the suspension. In the third quarter of 2022, GTBO managed to post a net profit of US$3.05 or Rp. 47.78 billion, compared to previously GTBO had recorded a net loss of US$966,960 in the same period last year.

GTBO finally managed to record sales of $33.53 million (Rp 523.98 billion) in Q3 2022, compared to earlier in Q3 2021 GTBO had no sales.

In the third sequence, stocks PT Trisula International Tbk (TRIS) scored 47.74% in a week. Of course, TRIS has a good financial performance. In the third quarter of 2022 TRIS reported an increase in TRIS’s net income of up to 320% year over year, supported by net sales that increased 35% year over year.

Next, the stocks PT Isra Presisi Indonesia Tbk (ISAP), which operates in the metalworking machinery and machine tools sector, has skyrocketed by 43.59% this week. On 9 December 2022, ISAP officially took the floor at IDX and became the 58th issuer this year.

PT Isra Presisi Indonesia Tbk has released shares through an IPO in the amount of 1.5 billion shares, representing 37.31% of the Company’s total issued and fully paid-in capital with a share price of Rp 96 per share.

Subsequently, the company’s IPO proceeds will receive a spread of Rp 140 billion which will be used for working capital in the production of dies, moulds, control devices for after-market auto and motorcycle accessories, and ball screw production of balls, spindle bearings, BT 50 shafts, BT40 spindles, cutting tools, connecting rod screws.

stock performance PT Esta Multi Usaha Tbk (ESTA) is also up 37.3% this week. Thus, the share price went from IDR 126/share to IDR 173/share.

Finally, PT Multi Medika Internasional Tbk (MMIX) shares increased by 34.81%. MMIX also officially spoke at IDX on December 6, 2022. The company has released 600 million new shares or equivalent to 25% of the issued and fully paid-up capital, with an IPO price of Rp 190 per share.

In addition, MMIX simultaneously issued 300 million Series I Warrants accompanying New Shares of the Company or 16.67% of the total shares issued and fully paid. The company also held an employee stock grant program (ESA Program) of 1.75% shares from the IPO or 10.5 million shares.

Subsequently, approximately 65% ​​of the IPO proceeds will be used for working capital in order to strengthen operational activities and business development, especially for the purchase of goods. While the remaining 35% will be used to expand distribution centers for intellectual property (IP) products and logistics facilities, including K-Pop Official Flagship Store located in Bumi Serpong Damai in 2023 and PIK2 in 2024.

In the meantime, the funds obtained by the Company from the implementation of the Series I Warrants will be used entirely for the Company’s working capital, which among other things will be used to open K-pop flagship stores and mini booths.

So what about the shares that have been leaked? See next page >>>