Top Gainers 2021! Cuan Thousands of Percent, Is It Stock or Patch?

Jakarta, CNBC Indonesia – This year, the Indonesian stock market managed to record a positive performance. The Composite Stock Price Index (JCI) successfully posted an increase of 9.21% year to date (ytd).

In the midst of the positive index performance, several stocks recorded a very fantastic performance. CNBC Research Team Indonesia noted that there were 10 stocks that experienced an increase of more than 1,000%.

The following are ten stocks that have earned thousands of percent so far this year:

The share winner who provided the most funds this year went to PT DCI Indonesia Tbk (DCII) which is engaged in the data center sector. Since taking the first floor last January at a price of IDR 420/unit, DCII has flown more than 88 times.

Interestingly, not only DCII but apparently there are four stocks that have just been listed on the stock exchange (IPO) that are included in this list, such as PT Berkah Beton Sedaya Tbk (BEBS), PT Bank Aladin Syariah Tbk (BANK), and PT Damai Sejahtera Abadi. Tbk (UFOE).

Newly IPO shares are indeed very easy to fry because when they go on the floor most of the outstanding shares are only controlled by a handful of investors so that the share price is easily moved up, aka cornering.

In addition to stocks that have just been IPOed, if viewed from a sectoral perspective, it turns out that there are seven stocks affiliated with the digital banking sector and issuers in the technology sector.

Just note, the position of the two stocks with the highest appreciation this year was occupied by PT Allo Bank Indonesia Tbk (BBHI). It used to be called PT Bank Harda International Tbk and only changed its name after being acquired by entrepreneur Chairul Tanjung through PT Mega Corpora.

BBHI’s share price immediately shot up after carrying out two corporate actions in the form of Capital Increase with Pre-emptive Rights (PMHMETD) or rights issue last year and this year.

The transformation of BBHI’s business model into a digital bank has become a positive catalyst for its share price. In addition to BBHI, there are also other mini-bank stocks that provide other thousands of percent returns.

It is the shares of PT Bank Bumi Artha Tbk (BNBA) which throughout 2021 rose 1.081%. The bank, which belongs to KBMI I, shot up along with the shares of other mini-banks that are planned to be converted into digital banks.

At that time, speculation circulating in the market was that BNBA was being approached by Shopee’s parent company, SEA Bank, which would acquire a small bank to become a digital bank. But in the end BNBA was actually acquired by PT Takjub Teknologi alias Magic as much as 24% with a value of more than Rp 800 billion.

Enthusiasm for digital banks is felt because they are considered to have promising prospects because they will be more agile with much lower operational costs because they carry a branchless concept.

With low operating costs and more optimal loan disbursement opportunities, it is hoped that the company’s profitability and business growth will increase which will lead to a higher return on equity (ROE).

The Indonesian banking industry is also known for its highest profit ratio (Net Interest Margin/NIM) in the world, which also attracts strategic and global investors.

Meanwhile, technology stocks that shot up thousands of percent were PT Telefast Indonesia Tbk (TFAS), PT Digital Mediatama Maxima Tbk (DMMX) and PT IndoSterling Technomedia Tbk (TECH). The country’s technology stocks were also boosted by global sentiment and economic changes during the pandemic.

When the Covid-19 outbreak spread and massive lockdowns were implemented in various countries, consumers turned to shopping online, consumption of data packages for the internet also increased as did the use of electronic money. This also encourages companies to carry out corporate digital transformation.

Other stocks that also rose thousands of percent this year are those of a packaging manufacturing, fishery product processing and cold storage company, namely PT Pratama Abadi Nusa Industri Tbk (PANI). PANI shares were pushed up after PANI was acquired by the Agung Sedayu Group where it was predicted that there would be a backdoor listing action in this issuer.

CNBC INDONESIA RESEARCH TEAM

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