Jakarta, CNBC Indonesia – There is no more appropriate expression than ‘windfall windfall’ if someone bought shares in a sharia bank, a subsidiary of a state-owned bank, namely PT Bank BRISyariah Tbk (BRIS) at the end of March and sold them in October.
When the prices of global stocks fell significantly in February-March due to the spread of phenomena lockdown to control the Covid-19 pandemic. Many domestic equity assets are also in free fall.
Starting from stocks that are of its class bluechip until the high cholesterol aka fried food is destroyed. One of the stocks whose prices also dropped was BRIS. On March 24, 2020, a unit of BRIS shares is valued at IDR 135.
However, over time the stock prices began to creep up again. Especially after the global central bank introduced various monetary stimuli and the government carried out fiscal expansion.
Some stocks have not returned to pre-pandemic levels, some have but some have flown. One of the stocks that ran fast without interruption was BRIS.
In fact, the price of BRIS had reached its highest level this year in September at Rp 985 / unit. After that the share price of BRIS gradually decreased. After briefly touching the level of Rp. 725 / unit, the BRIS share price started to rally again.
Especially after there was news that there would be a mega merger of three Islamic bank subsidiaries of state-owned banks, namely Bank Syariah Mandiri, BNI Syariah and BRIS. BRIS’s share price immediately moved wild.
The news finally materialized this October. On October 14, BRIS’s closing price touched its highest level since its initial offering, namely at Rp. 1,405 / unit. Imagine that from the lowest level of Rp. 135 / unit, it means that the share price of BRIS has jumped 933%.
If you have only Rp. 30 million in capital or the price of one NMAX motorbike unit, in less than seven months your capital will not only return but profit nearly 10 times.
When you sold it on October 14 yesterday, your capital, which is equivalent to NMAX earlier, can now be used to buy a unit of Honda Jazz in cash without credit! Fantastic isn’t it?
Before the merger, BRIS was a sharia bank with total assets reaching IDR 51.8 trillion in August. As much as 73% of the company’s shares are owned by PT Bank Rakyat Indonesia Tbk (BBRI) and as much as 8.59% by BBRI employees pension funds.
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