Cuan Stocks Ahead of Lebaran, Crazy Rich Surabaya Stocks

Jakarta, CNBC Indonesia – In the midst of a slight decline in the JCI last week, as many as 5 stocks soared. Investors bought up these stocks ahead of the Eid al-Fitr holiday or Idul Fitri which will fall at the beginning of next month.

According to data from the Indonesia Stock Exchange (IDX), the Jakarta Composite Index (JCI) edged down 0.14% a week to a level of 7,225,606 on Friday (22/4/2022). This happened after the JCI touched a record closing high on Thursday (21/4) at 7,276.19.

Last week, foreigners were still diligent in doing wholesale on the domestic stock exchange with a net buy record of Rp 5.37 trillion in all markets.

From the regular foreign market, it is known that they bought up Rp 5.25 trillion worth of shares, while in the negotiating market it was Rp 119 billion. Since the beginning of the year, net buy foreign exchange in the regular market has reached Rp 55.92 trillion.

Here are the top 5 stock gainers over the past week.

Top 5 Stocks Gainers of the Week (18-22 April 2022)

Source: AT | As of April 22, 2022

The highest price spike last week was recorded by a truck body issuer, namely PT Harapan Duta Pertiwi Tbk (HOPE). Within a week, this stock rose 72.58% to a level of Rp 214/share from last week’s price of Rp 124 per share.

HOPE still led the gains, although its shares were briefly suspended in trading on Thursday (21/4) due to a significant cumulative price increase and closed touching the limit. auto rejection (ARB) in trading Friday (22/4) yesterday.

Meanwhile, the latest information regarding the Listed Company is information dated April 14, 2022 which was published through the stock exchange website regarding the explanation of transaction volatility.

In their statement, HOPE explained that the company was not aware of any material information or facts that could affect the value of the company’s securities or the investment decisions of investors.

In addition, as of the date of the letter, HOPE’s management said that the company has no plans to take corporate actions in the near future, including corporate plans that will affect the company’s plan to list the company on the IDX.

“There is no information/facts/other important events that are material and may affect the price of the Company’s securities and the survival of the Company that have not been disclosed to the public by the Company,” said HOPE.

Over the past month, HOPE shares have gained more than 200%.

Under HOPE, there is a telecommunications tower issuer PT Solusi Tunas Pratama Tbk (SUPR) which soared 64.93% to Rp 50,550/unit in a week thanks to an upward rally for 4 consecutive days.

Although it shot up, the transaction value and trading volume of SUPR’s shares were not crowded. During the 4-day rally, SUPR shares only recorded transaction values ​​in the range of Rp. 253 million to Rp. 418 million, with a volume of around 6 thousand to 11 thousand.

SUPR shares are even more expensive than their nominal value after the stock price has strengthened. Even now, the share price of SUPR is also the most expensive on the Indonesia Stock Exchange (IDX), which was previously occupied by coal issuer PT Bayan Resources Tbk (BYAN) at Rp 42,300/unit.

Not to be missed, the stock of fashion issuer, owner of Manzone outlet PT Mega Perintis Tbk (ZONE) also jumped 43.57% after sliding in the green zone for 5 consecutive days.

The latest news about ZONE is the notification of the Annual General Meeting of Shareholders (AGMS) through information disclosure on April 14, 2022. The AGMS will be held on May 24, 2022.

Just so you know, Hermanto Tanoko who is crazy rich from Surabaya holds 22.99% stake in ZONE through PT Tancorp Investama Mulia.

Apart from ZONE, Hermanto Tanoko is listed as holding shares in the paint company PT Avia Avian Tbk (AVIA), the building materials supermarket PT. Caturkarda Depo Bangunan Tbk (DEPO), PT Sariguna Primatirta Tbk (CLEO), and PT Jaya Sukses Makmur Sentosa Tbk (RISE).

CNBC INDONESIA RESEARCH TEAM

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