Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) has reopened after yesterday’s holiday in line with the anniversary of the resurrection of Jesus Christ. Before starting today’s transaction, Friday (27/5/2022), there are a number of market news that need to be observed.
The following is the market news that the CNBC Indonesia Team has summarized.
Top! PTBA Deposits Biggest Dividend to MIND ID
State-owned mining companies are busy distributing dividends for the 2021 financial year. Three subsidiaries of MIND ID as the holding of national mining SOEs, namely PT Aneka Tambang Tbk (ANTM), PT Bukit Asam Tbk (PTBA) and PT Timah Tbk (TINS) have agreed dividend distribution for its achievements in the last year.
On Tuesday (24/5/2022), ANTM’s Annual General Meeting of Shareholders (AGMS) decided that the company would distribute dividends of Rp 930.87 billion or equivalent to 50% of 2021 net profit.
The value of dividends to be distributed by ANTM is even twice as large as the amount of dividends in 2020 which was only Rp 402 billion. This was due to the very high increase in ANTM’s net profit.
For information, ANTM’s net profit in 2021 reached Rp 1.86 trillion. ANTM’s net profit recorded an increase of 62% from 2020 which reached Rp 1.15 trillion.
Furthermore, TINS decided to distribute dividends worth Rp 455 billion or equivalent to 35% of the 2021 profit. This decision was taken at the AGMS which was also held yesterday, Tuesday (24/5/2022).
TINS successfully recorded a net profit of Rp 1.3 trillion last year. Just so you know, in 2020 TINS recorded a loss of Rp 340.6 billion.
Following ANTM and TINS, PTBA also distributed dividends for the 2021 financial year performance. The dividend value paid by PTBA was quite large.
In fact, PTBA’s dividend payment is the largest compared to two other BUMN mining issuers both in terms of nominal and payout ratios.
PTBA decided to distribute dividends worth IDR 7.91 trillion or 100% of its 2021 net profit.
AMAR Right Issue Targets IDR 1 Trillion to Fulfill Core Capital
Bank Amar Indonesia (AMAR) announced that it will immediately exercise its pre-emptive rights (HMETD) or rights issue by issuing 3.59 billion new shares or 20.6% of the company’s fully paid issued capital with a nominal value of Rp 100/share.
The corporate action was carried out to strengthen capital and comply with OJK regulations regarding digital banks. Until the end of the first quarter of this year, AMAR is known to only have a core capital of Rp 2 trillion.
The exercise price is set at IDR 280/share. Thus, through this corporate action, the company targets to obtain fresh funds of up to Rp 1 trillion.
“The proceeds from PMHMETD II after deducting issuance costs, will entirely be used by the company to strengthen the capital structure and as additional working capital for the company in order to provide loans to customers, which will be realized in stages,” said Bank Amar’s prospectus, quoted by CNBC Indonesia on Thursday. Wednesday (25/5).
Rows of Coal Issuers Distribute Jumbo Trillion Rupiah Dividends
A number of issuers operating in the coal mining sector have announced part or all of the profit allocation to be distributed to shareholders in the form of dividends.
With net profit increasing fantastically supported by the unrelenting rally in global coal prices, investors in coal issuers can expect cash dividends of higher value.
The following is a list of several giant coal issuers that have announced the amount of profit allocation for dividends.
The first is a coal mining company owned by tycoon Dato Low Tuck Kwong, Bayan Resources (BYAN) which will distribute dividends of US$ 1 billion or equivalent to Rp. 14.6 trillion (exchange rate of Rp. 14,600) or US$ 0.3 per share. The funds were taken from retained earnings which were not reserved by the company until the end of 2021.
Then there is the issuer of Garibaldi ‘Boy’ Thohir, Adaro Energy Indonesia (ADRO), which announced it would distribute dividends worth US$ 650 million or around Rp. 9.49 trillion for the 2021 financial year.
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