Jakarta, CNBC Indonesia – Media stock established by SOE Minister Erick Thohir PT Mahaka Media Tbk (ABBA) and the issuer of the production house PT MD Pictures Tbk (FILM) became the champions in the second trading session today, Monday (19/7/2021).
At different poles, the issuer of Matahari Department Store outlets PT Matahari Department Store Tbk (LPPF) and construction issuer PT Waskita Beton Precast Tbk (WSKT) must be willing to enter the ranks of the top losers.
The Composite Stock Price Index (JCI) sank today. JCI fell 0.91% to 6,017.394 at the close of the second trading session (19/7).
According to IDX data, there were 167 stocks that strengthened, 329 stocks weakened and 143 did not move, with a transaction value of Rp 9.08 trillion and a trading volume of 19.96 billion shares.
The weakening of the JCI did not dampen the interest of foreign investors in the stock market to enter Indonesia, with a record foreign net buying of Rp 247.38 billion in the regular market. Meanwhile, foreigners recorded net purchases in the negotiating market and cash market of Rp 9.13 billion.
Here are 5 stocks for today’s session II top gainers and losers (19/7).
Top Gainers
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Mahaka Media (ABBA), shares +17.52%, to Rp 322, transaction Rp 78.1 M
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MD Pictures (FILM), +14.29%, to Rp 400, transaction Rp 28.5 M
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Bank Ganesha (BGTG), +13.42%, to Rp 169, transaction Rp 234.9 M
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Digital Mediatama Maxima (DMMX), +9.58%, to Rp 2,630, transaction Rp 219.8 M
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Bank Rakyat Indonesia Agroniaga (AGRO), +9.57%, to Rp 2,290, transaction Rp 398.5 M
Top Losers
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Matahari Department Store (LPPF), shares -6.98%, to Rp 2,000, transaction Rp 160.4 M
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PAM Mineral (NICL), -6.76%, to Rp 276, transaction Rp 31.5 M
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Waskita Beton Precast (WSBP), -5.71%, to Rp 132, transaction Rp 9.9 M
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MNC Studios International (MSIN), -5.24%, to Rp 488, transaction Rp 20.5 M
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Matahari Putra Prima (MPPA), -5.19%, to Rp 1.005, transaction Rp 87.9 M
ABBA shares led the top gainers by rising 17.52% to Rp 322/share. With this, ABBA shares managed to post a strengthening rally for 5 consecutive days. In a week, this stock soared 30.89%, while in a month jumped 42.48%.
Just so you know, according to the IDX report on July 7, ABBA is included in 52 companies that as of June 30, 2021 have not submitted the Audited Financial Statements ending as of December 31, 2020.
“Referring to provision II.6.1 of the Exchange Regulation Number IH concerning Sanctions, the Exchange has issued a Written Warning II and a fine of Rp. 50,000,000.00 to 52 Listed Companies that do not fulfill the obligation to submit the Audited Financial Statements ending as of December 31, 2020 in accordance with the deadline. that have been determined,” explained the IDX.
Below ABBA shares, there are FILM shares which rose 14.29%, continuing their strengthening in the previous 3 days. As a result, in a week FILM shares rose 18.34%.
Meanwhile, LPPF shares fell by 6.98% ARB to Rp 2,000/share. With this, LPPF shares have been sinking for 5 consecutive days. With this, LPPF’s shares have fallen 21.88% in a week, while in a month they have jumped 12.99%.
The weakening of the shares occurred amid the news of Auric Digital Retail Pte. Ltd. (BidCo), a company from Singapore officially became the controller of LPPF after completing a Voluntary Tender Offer (VTO).
Previously, there was a voluntary tender for the company’s shareholders (including the public) to buy company shares, with the offering period starting from June 4 to July 3.
The result, on July 15, in accordance with the Regulation of the Financial Services Authority (POJK) No. 9/POJK.04/2018 regarding the Takeover of a Public Company, Auric announced that they have become the new controlling shareholder of Matahari since July 14, 2021.
“As a result of the VTO, Auric currently owns 840,776,696 shares of the company or equivalent to 32 percent of the total issued and paid-up capital of the company,” said Miranti Hadisusilo Corporate Secretary & Legal Director, in an information disclosure on the Indonesia Stock Exchange (IDX), quoted Monday (19/7).
Previously, Auric Digital Retail became a shareholder of the company through Greater Universal in June 2020. Prior to the tender offer, LPPF’s shares consisted of, among others, PT Multipolar Tbk (MLPL) 19.42%, UBS AG Singapore S/A Greater Universal Ltd 5.32%, and UBS AG Singapore Non-Treaty 5.07%.
Before Auric became the controller of the company, the company did not have a party that either directly or indirectly controlled the company as referred to in POJK 9/2018. Therefore, said Miranti, Auric had no affiliation with the company’s previous controlling party.
Together with LPPF shares, WSBP shares also plunged 5.71%, after last Friday stagnant at Rp 140/share. With this, in a week WSBP shares eroded 7.69%, while in a month 18.01% ‘fallen’.
CNBC INDONESIA RESEARCH TEAM
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