Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) said that until August 20, 2021, there are 12 issuers that plan to buy back or buy back buyback shares of Rp 4.9 trillion.
According to IDX’s Director of Corporate Valuation, I Gede Nyoman Yetna Setia, the 12 companies have submitted information disclosure regarding their plans buyback and still in the implementation period buyback in accordance with SE (Circular Letter) OJK No. 3/SEOJK.04/2020 concerning Other Conditions as Market Conditions that Fluctuate Significantly in the Implementation of Shares Buyback Issued by Issuers or Public Companies (SE OJK 3/2020).
“Of the 12 listed companies that have submitted the plan, 6 of them have carried out buybacks with a total implementation of buybacks of Rp 190 billion [3,8% dari nilai rencana buyback],” said Nyoman, to the media crew, Wednesday (25/8/2021).
In addition, said Nyoman, there are 107 issuers that have completed the buyback period and have realized the implementation of buybacks worth Rp. 6.8 trillion or 23% of the total value of the buyback plan since the enactment of SE OJK No. 3/SEOJK.04/2020 on March 9, 2020.
Nyoman explained the policy buyback This has already been felt in the market, this can be seen from the indicators of strengthening a number of issuer shares after implementing buyback.
“Indicators of the strengthening of a number of listed company shares are certainly related to various things including the impact of the implementation of buybacks as well as government and regulatory policies that are conducive to maintaining Indonesia’s economic growth rate,” he said.
CNBC Indonesia noted that there are a number of corporations that plan to carry out buyback, among others, PT Bank Negara Indonesia (Persero) Tbk (BBNI) which will conduct a share buyback of Rp 1.7 trillion.
Furthermore, retail company PT Matahari Department Store Tbk (LPPF) allocated Rp 450 billion for buyback and the issuer of oil and gas (oil and gas) owned by entrepreneur Arifin Panigoro, PT Medco Energi Internasional Tbk (MEDC), announced plans to buyback maximum shares of Rp 130.50 billion or equivalent to US$ 9 million (exchange rate of Rp. 14,500/US$).
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