Low price, this is a blue chip stock that is often profitable during window dressing

Reporter: Ika Puspitasari | Editor: Adi Wikanto

KONTAN.CO.ID – JAKARTA. Many blue chip stocks have dropped in price until December 2021. The decline in blue chip stock prices is a good opportunity to be bought during window dressing. A number of blue chip stocks often provide large profits during window dressing.

Window dressing is a strategy to beautify investment portfolios carried out by companies and investment managers. Window dressing usually occurs near the close of the book or the end of the year.

Blue chip stock is a type of stock from a company with excellent financial condition, and has been operating for many years. In Indonesia, stocks that fall into the blue chip category are on the LQ45 index list.

Some of the stock index occupants LQ45 still shows an unsatisfactory performance throughout the fourth quarter of 2021. At least, there are 16 stocks that fell in price.

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Shares of PT Bukalapak.com Tbk (OPEN) became the stock with the deepest decline of 46.43% in the last three months. Furthermore, the shares of PT Japfa Tbk (JPFA) which was corrected by 18.97% in the same period, then there were shares of PT Sarana Menara Nusantara Tbk (TOWR) with a decrease of 16.30% in the last three months.

The other stocks that still recorded a decline in performance were PT United Tractors Tbk (UNTR), PT Medco Energi Internasional Tbk (MEDC), PT Barito Pacific Tbk (BRPT), PT Charoen Pokphand Tbk (CPIN), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Semen Indonesia Tbk (SMGR), PT Wijaya Karya (Persero) Tbk (LANGUAGE), PT Tjiwi Kimia Paper Factory Tbk (TKIM), PT Gudang Garam Tbk (GGRM), and PT HM Sampoerna Tbk (HMSP).

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Kiwoom Sekuritas Indonesia analyst Sukarno Alatas said there were some negative sentiments that made the Lq45 stocks corrected. For example, the outlook for OPEN’s shares has decreased because its performance has not been positive so far. In fact, when compared to last year’s realization, the performance of BUKA has been much better.

“So some securities do downgrade for BUKA shares or lowering the target for BUKA shares,” Sukarno said, Wednesday (15/12).