Jakarta, CNBC Indonesia – at the second session today, Friday (23/4/2021).
The soaring of the two Lippo shares today occurred as PT Aplikasi Karya Anak Bangsa, aka Gojek, reportedly plans to buy up the shares of another Lippo Group subsidiary, the issuer managing Hypermart PT Matahari Putra Prima Tbk (MPPA).
Meanwhile, shares of cigarette producer issuers PT Wismilak Inti Makmur Tbk (WIIM) and telecommunication issuers PT Smartfren Telecom Tbk (FREN) were forced to occupy the list of top losers this time.
The Jakarta Composite Index (JCI) managed to regain its strength on the last trading day of this week. JCI rose 0.38% and returned to the level of 6,000 to the position of 6,016.86 at the close of the second trading session, Friday (23/4/2021).
According to IDX data, there are 189 stocks that have risen, 282 stocks have declined and 168 stocks have stagnated, with a transaction value of Rp 9.23 trillion and a trading volume of 17.37 billion shares.
In the midst of the strengthening of the JCI, foreign stock market investors left the Indonesian stock exchange with a record that foreign net sales reached Rp 2.99 billion on the regular market. Meanwhile, foreigners recorded net sales in the negotiation market and cash market of Rp. 39.80 billion.
Here are 5 stock gainers and losers in the second session today (23/4).
Kresna Graha Investama (KREN), shares + 15.09%, to Rp. 122, transaction of Rp. 13.6 billion
Multipolar (MLPL), + 14.81%, to Rp. 186, transaction of Rp. 265.8 billion
Medco Energi Internasional (MEDC), + 6.14%, to IDR 605, transaction of IDR 59.5 Billion
Lippo Karawaci (LPKR), + 5.94%, to IDR 214, transaction IDR 102.2 billion
MD Pictures (FILM), + 5.71%, to IDR 555, transaction of IDR 62.7 Billion
Asia Pacific Investama (MYTX), shares -6.85%, to Rp. 136, transaction of Rp. 12.2 billion
Wismilak Inti Makmur (WIIM), -6.84%, to Rp 885, transactions Rp 43.5 M
Centratama Telekomunikasi Indonesia (CENT), -6.79%, to IDR 302, transaction of IDR 46.5 Billion
Smartfren Telecom (FREN), -5.75%, to IDR 82, transaction IDR 130.6 Billion
Malacca Trust Wuwungan Insurance (MTWI), -4.43%, to IDR 151, transaction IDR 18.6 Billion
Referring to the list above, the shares of two issuers of the Lippo Group, the parent of MLPL and an issuer engaged in the property sector LPKR managed to become champions today.
MLPL shot up 14.81% to Rp 186 / share, while LPKR soared 5.94% to Rp 214 / share.
The increase in these two shares, along with 8 shares affiliated with other Lippo Group, was driven by the latest sentiment regarding the entry of the Gojek ride-hailing provider unicorn to a subsidiary of the Lippo Group.
Gojek is rumored to be buying shares of the retail issuer managing Hypermart managed by the Lippo MPPA Group.
Investors responded to the information circulating among market players with a significant increase in MPPA’s share price. Last Thursday (22/4/2021), MPPA’s shares touched the upper auto reject limit (ARA) after rising nearly 25% in a day to the level of Rp 860 per share.
As a result of this significant increase, the Indonesia Stock Exchange (IDX) temporarily suspended (suspension) MPPA stock trading starting from the first trading session today, Friday (23/4/2021).
CNBC Indonesia has confirmed to Chief Corporate Affairs Gojek Nila Marita but there has been no official response.
Meanwhile, the Corporate Secretary and Director of MPPA, Danny Kojongian, also has not provided a detailed statement regarding this news, although he did not deny it.
“We are sorry that at this time we cannot provide any response other than the information that has been submitted by MPPA to the Indonesia Stock Exchange and OJK beforehand,” Danny said in his short message, Friday (23/4).
The parent business entity of the Lippo Group, MLPL, has indeed decided to reduce the share ownership of MPPA companies.
According to an information disclosure on the IDX, Wednesday (7/4), MLPL has sold 11.9% or 896,327,200 company ownership shares in MPPA. The transaction itself took place on April 6, 2021 with a selling price of IDR 404 / share. The purpose of the sale is to be reinvested into MPPA in order to strengthen the company’s balance sheet and provide the company’s working capital in the future.
Thus, the share of MLPL’s ownership was previously reduced by 50.23% or 3,781,947,551 shares to 38.33% or 2,885,620,351 shares.
One buyer who was revealed was Watiga Trust Ltd from Singapore. This investment company purchased 896.2 million (896,327,200) shares owned by Multipolar in MPPA for IDR 404 / share worth IDR 362 billion.
Thus, there are still 1,989,293,151 shares whose buyers have not yet been exposed or have not been absorbed.
Market sources said the MPPA share purchase transaction by Gojek would complement the platform online Tokopedia with a physical presence. Gojek and Tokopedia are also reportedly in the merger process and will be listed on the IDX.
In a different fate, the shares of the listed cigarette producer brands Wismilak, WIIM, collapsed and touched the lower auto rejection (ARB) of 6.84% to Rp 885 / share.
With this WIIM has subsided for three days in a row. As a result, WIIM’s share has fallen by 7.33% in a month, while in a month it has grown by 2.31%.
Recently, WIIM reported excellent financial performance over the past year.
WIIM’s net profit throughout 2020 shot up by 531.57% to Rp 172.25 billion from the previous year’s net profit of Rp 27.27 billion.
This increase in net income occurs in tandem top line aka business income which jumped from Rp 1.39 trillion as of December 31, 2019 to Rp 1.99 trillion at the end of last year.
Meanwhile, the shares of issuers halo-halo FREN have subsided 5.75% to Rp82 / share. The share transaction value is IDR 130.6 billion
Smartfren Telecom (FREN), -5.75%, to IDR 82, transaction IDR 130.6 billion. That way, FREN continued its weakening in yesterday’s trading (22/4), when it slumped 4.40% to IDR 87 / share.
CNBC INDONESIA RESEARCH TEAM
(adf / adf)