After skyrocketing influenced by gossip from Puan’s husband, CHEM’s stock starts to fail

Jakarta –

Husband of RI DPR President, Puan Maharani, Happy Hapsoros is becoming synonymous among capital market players. Rumors are circulating that Megawati Soekarnoputri’s son-in-law will make acquisitions of large companies.

As is known, the owner of the real name Hapsoro Sukmonohadi through his company PT Basis Utama Prima (Basis Investment) acquired large issuers. He reportedly wants to buy PT Chemstar Indonesia Tbk (CHEM) shares. However, rumors that the company was only cooperating were ultimately dismissed.

This rumor surfaced on the capital market, causing CHEM’s share price to rise significantly. Had it been retired since early December 2022, CHEM shares would have soared 117%. To be precise, from the position on December 1 at the level of Rp.101 to the position on December 15 at the level of Rp.220.

However, it has been 3 days since trading in CHEM’s stock weakened. Indeed, today CHEM’s shares have fallen to its lower limit, i.e. the lower automatic rejection (ARB), which is -6.86% at the IDR 190 level.

Seeing this, according to PT Infovesta Kapital Advisori research analyst Arjun Ajwani, it is currently not advisable to buy CHEM shares. As the increase is already quite fast, a correction is expected in the future.

“No. Because it went up rapidly. And in my opinion there is no catalyst that can justify the sudden and rapid increase in price for a few days. Other than that, this company just did an IPO in July, so the price movement it’s also quite wild,” he told detikcom, on Tuesday (12/20/2022).

“If you look at the trend chart, the stock has also seen a dramatic increase in volume over the past few weeks. I think there will be a correction,” he explained.

Even so, according to him, the company’s performance is still quite good up until this December. The company’s sales are reported to have increased by 59% or recorded at IDR 95.13 billion from the Chemicals sales segment.

This is driven by the manufacturing outlook in Indonesia which is still expansive growth and in line with the high demand of the textile industry and textile products in the domestic market.

“Other than on the export side, from January to November, various chemicals were recorded up 29% over last year’s period. This indicates that global demand for chemicals is still high. Looking at this outlook, hopefully that this will be a positive catalyst for CHEM shares,” he concluded.

For information, the owner of the real name Hapsoro Sukmonohadi is not well known by the general public. However, he is quite popular in the capital market.

Megawati Soekarnoputri’s daughter-in-law is no ordinary person. She is an influential businessman and investor.

So, in business environments it’s not new. Happy Hapsoro itself is also a derivative of a businessman. His father is Bambang Sukmonohadi, a real estate and shipping services businessman.

Happy Hapsoro is increasingly popular in the capital market through PT Basis Utama Prima (Basis Investment). It is with his company that he carried out his actions by attaching the company’s shares. Indeed, the company is engaged in investments.

Subsequently, there was gossip in the capital market Happy Hapsoros I will buy shares of big companies again. Puan Maharani’s husband is reportedly to buy shares of PT Chemstar Indonesia Tbk (CHEM).

Watch also the video ‘Can you ‘live’ on shares?’:

[Gambas:Video 20detik]

(there/das)