Jakarta, CNBC Indonesia – When the JCI fell more than 4% in the first trading after the long holiday last Monday (9/5), one issuer big cap was able to avoid correction. Who would have thought that the stock that was able to escape the pressure was Unilever Indonesia (UNVR), which within a year had its capitalization depressed by a third and one financial advisor was advised to leave the stock exchange and return to being a private company (go private).
Yesterday, the Composite Stock Price Index (JCI) sharply corrected 4.4% and closed at 6,909.75. The correction that occurred was the biggest decline since March 16, 2020, when the Covid-19 outbreak began.
Similarly, the LQ45 Index, which is a basket of stocks blue chip The most liquid was also depressed 5.48% in yesterday’s trading. However, Unilever, being one of the two LQ45 stocks, was able to avoid the correction in yesterday’s trading and rose slightly by 3.08% to Rp 4,010/share. In the last month this stock was also able to rise more than 10%.
On Tuesday (10/5) morning trading, UNVR’s shares rose by almost 5% again, amid the selling action that was felt by issuers again big cap other.
One of the reasons for the increase in UNVR’s share price yesterday was the foreigner who actually bought up the shares, which in the whole market, other shares were sold. Foreign net buying in UNVR shares in yesterday’s trading reached Rp 94.3 billion, the highest of any other issuers. Meanwhile, in less than an hour of trading this morning, foreigners were recorded to have collected almost Rp 75 billion in UNVR shares.
In addition, the movement of UNVR shares which is getting better is also supported by the company’s financial performance which is also positive. In the first quarter of this year, UNVR recorded a 19% increase in the company’s net profit to Rp 2.02 trillion. Meanwhile, in terms of sales, it also grew 5.40% yearly (yoy) to Rp 10.8 trillion.
However, it was the investment advisory firm that publicly advised UNVR to go privateNilzon Capital, said that the growth was still below performance sister company in another country.
John Octavianus as Principal Advisor of Nilzon Capital said that UNVR’s performance is still far behind its sister companies in various countries.
“UNVR also lags behind all Unilever Group regions except Europe and lags behind its own parent company, Unilever PLC,” said John.
Despite being able to strengthen within a month, in the past year UNVR shares have been under deep pressure and are still in a downward trend in prices since 2017.
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