Jakarta, CNBC Indonesia – Ustaz Yusuf Mansur, owner of the Daarul Quran Islamic Boarding School and Paytren Group, confirmed that the initial public offering (IPO) process for Paytren (PT Veritra Sentosa Internasional/VSI), which manages e-money, is still according to the initial plan.
This was emphasized by UYM after he and a consortium of retail investors bought more shares of the ‘gocap’ category issuer, namely an issuer engaged in transportation and transportation services, PT Putra Rajawali Kencana Tbk (PURA) at a price of Rp 50/share.
The purchase of PURA shares made the shares of the ‘sleeping’ issuer soar at the close of trading session II, last Monday (27/9) where PURA shares were among the top three gainers, with a 34% increase at Rp 67/share.
Previously, UYM also bought shares of the ‘gocap’ category, namely property and real estate issuers, PT Repower Asia Indonesia Tbk (REAL) also at a price of Rp 50/share, and on Monday’s trading it was at the level of Rp 119/share.
“Let’s make it popular… Gocap gives the impression of being an MSME,” said UYM, in his short message, to CNBC Indonesia, Tuesday (28/9).
“Keep going okay? [IPO] Paytren this. already on the track,” he said without elaborating on when exactly the bidding process took place.
Previously in a discussion forum with Sucor Sekuritas last February 1, UYM stated that the target for Paytren’s IPO was September this year.
“This is a prayer, hopefully Paytren can IPO in September” ,” he said.
Previously, Ustaz YM also mentioned this IPO on his Instagram account although he did not mention it specifically.
“Come on… it’s easy… and the money wasn’t deposited with me, hehe. Don’t be fooled.”
.Come on… young people… and what if Paytren is in the IPO? Bismillah huh?”
Yusuf Mansur has submitted the Paytren IPO plan since mid-January 2021. Yusuf Mansur said that his party is currently conducting consultations with the Financial Services Authority (OJK) and Bank Indonesia regarding the plan.
In addition to having a subsidiary in the investment management business through Paytren Asset Management (PAM), the Paytren Group also manages e-money through VSI.
Paytren e-money is a digital payment tool that can be used to pay routine bills, purchase electronic credit and travel tickets. On August 17, 2019 Paytren was included in an application that uses an Indonesian standardized QR code or QRIS which was launched by Bank Indonesia.
As for PAM, currently, the company has several sharia mutual funds, namely the PAM Syariah Shares Dana Falah stock mutual fund, the PAM Syariah Likuid Dana Safa money market mutual fund, and the PAM Syariah Mixed Fund Daqu mutual fund.
Regarding PURA shares, UYM said that the investment is a form of concern for the welfare of the people. One of his current concerns is on logistics and supply chains, especially freight transportation.
“The drivers of freight transport need attention because they are the ones who need goods that can be distributed to all regions,” he said.
Photo: Doc. Master Yusuf Mansur
Doc. Master Yusuf Mansur
Therefore, he is now aiming to invest in a freight forwarder on the stock market.
“I am interested in investing in Putra Rajawali Kencana, a company that went public last year,” said UYM.
After reviewing the fundamentals of the PURA-coded issuer, he is optimistic that this Surabaya-based company has a bright future.
On the occasion Ustad Yusuf Mansur visited the PURA office, he saw firsthand the operations of this issuer.
“Good management and use of self-developed technology belongs to this company,” he said.
He added that PURA has a system that can increase efficiency and effectiveness in the company.
“There is no reason not to invest in PURA. In terms of innovation, I think PURA is very innovative in its field. This company is the only one that has developed a shipping business with Multimodal, combining trucks and trains so that the volume of shipments can be massive. Its growth potential must grow rapidly to front,” he said.
As of August 31, 2021, PT Rajawali Dwiputra holds 13.328%of PURA shares, PT Rajawali Inti owns 16.67%, PT Igelcorp Nusantara 7.31%, PT Igelcorp Asia Kapital 8.17%. The rest, the public controls 54.52% of the company’s shares.
Based on the company’s financial report on the IDX, PURA managed to record a 4.41% increase in net profit on an annual basis (year on year/yoy) to Rp 4.74 billion in the first semester of 2021, from Rp 4.53 billion in the same period the previous year.
The increase in net profit was supported by net revenue growth of 1.22% yoy from Rp 57.98 billion in the first half of 2020 to Rp 58.69 billion in the first half of this year.
In more detail, PURA’s operating income comes from revenue posts from third parties in the transportation services segment of Rp 31.32 billion (before deducting claims for depreciation of Rp 369.85 million). In addition, other income comes from transportation services to related parties amounting to Rp 27.74 billion in the first semester of 2021.