Jakarta, CNBC Indonesia – Category stocks blue chip aka superior in the Indonesian capital market today can be called a benchmark for investors or potential investors who want to invest.
These stocks are also usually included in the LQ45 Index, an index that contains the 45 most liquid stocks with good fundamentals.
So how do you see stocks in this category that are cheap or undervalued, but not cheap?
Anggaraksa Arismunandar, Head of Research at PT NH Korindo Sekuritas, said that there are several stock criteria blue chip which is on the market now.
“General criteria usually have a market cap [market cap] large, with high liquidity, has fundamentals and track record performance is quite good, and has been proven and tested,” said Anggaraksa in CNBC Indonesia’s Investtime program, Friday (23/6/2021).
According to him, stock blue chip usually is market leader on the industry. Share blue chip often known as shares of companies that mature, is recognized nationally, consistently makes profits, is financially sound, and has high quality products or services.
“Finally, what usually distinguishes non-blue chip stocks is routine by paying dividends [bagi laba kepada pemegang saham],” he added.
Talking about ‘cheap’, Anggaraksa said this is relative. If you want to find ‘cheap’ blue chip stocks easily, investors only need to use a valuation method.
This method compares with similar industry averages, whether it is relatively cheap or not. Investors can also compare it with the historical price, is it relative? undervalue or not.
“It could also be from stocks that are diligent in paying dividends, this could be another valuation method. For example dividend discount yes, that means we project the dividends that we will get in the future, then we discount it to today, whether it will be below or above. It is an indicator of cheap stocks,” he concluded.
Dividend discount model or DDM is commonly known as the method of determining the fair price of shares by discounting the value of the estimated dividend. This method also, according to the financial literature, can also be used to calculate the fair price of shares or stock valuations.
So issuers that can distribute dividends are issuers that make profits, while issuers that lose out cannot pay dividends. So in the calculation of this method, it is special for companies that distribute dividends as the main requirement.
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