Emiten pengusaha energi, Prajogo Pangestu kompak melonjak pada pekan lalu, seperti BRPT, TPIA, BREN, hingga CUAN. BREN bahkan naik ke pisisi ketiga saham dengan Market Cap tertinggi di BEI. Pemiliknya yaitu Prajogo Pangestu kini berada di daftar 4 orang terkaya Indonesia versi Forbes.
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TVTranscript
00:00 We move to the economy agenda.
00:02 There is a holiday in Bali from Singapore.
00:05 Then, new loans from China.
00:08 Accumulative debt growth.
00:10 China year on year.
00:11 From the United States, OPEC monthly report.
00:14 Governor Fed data.
00:16 There is a COOC and oil inventory.
00:19 About the United States.
00:21 And from Europe, the prediction of the European economy.
00:24 Then, we move to the emitter of the enterprise.
00:27 Where there is Budi X, cash dividend.
00:30 DVLA X, cash dividend interim.
00:32 Soho X, cash dividend interim.
00:34 And TSPC, DPS, cash dividend interim.
00:38 Update from the Asia-Pomersa stock exchange.
00:41 Where this morning, Cenderung.
00:43 Is it following from the Wall Street stock exchange that is strong?
00:47 We see there is Nikkei, which rose 0.62% from Japan.
00:51 The Times, holiday.
00:53 Kospi, strength 0.07%.
00:55 And Seng Hong Kong also strength 0.35%.
00:59 And our main topic today,
01:06 Pemirsa is the energy entrepreneur's meeting.
01:08 Prajogo Pangestu whose stock is a significant leap.
01:11 Until the end of the trading last Friday.
01:13 Like BRPT stock, TPIA brand, to Cuan Pemirsa brand.
01:18 Even rose to the third position of the stock market.
01:21 With the largest market cap.
01:22 Bringing Prajogo Pangestu into the list of the four most valuable people in Indonesia.
01:26 Now, the Forbes version.
01:28 The energy entrepreneur's meeting, Prajogo Pangestu,
01:34 a significant leap until the end of the trading last Friday.
01:38 Among them are PT Barito Pacific TBK or BRPT.
01:42 PT Chandra Astri Petrochemical TBK or TPIA.
01:46 PT Barito Renewables Energy TBK or brand.
01:49 PT Petrindo Jaya Kerasi TBK or Cuan.
01:52 At the closing of the trading on Friday,
01:55 BRPT stock jumped 9% to the level of 1,175.
02:00 Likewise, TPIA, which rose 3%,
02:03 but dropped 1.3% at the end of the session.
02:06 It is in the top 10 stock with the highest market cap.
02:09 While brand or Barito Renewables was suspended on Friday,
02:13 because the stock jumped almost 19% on Thursday.
02:16 Making the market capitalization to the top 3,
02:19 reaching 699 trillion rupiah.
02:22 At the same time, it is in the capitalization of the emitting market
02:25 of the Raksasa coal mining,
02:27 PT Bayan Resources TBK or BA.
02:30 Since the IPO in early October,
02:33 some brand has released 121% of the IPO price,
02:36 780 to the current level of 5,200.
02:39 The next emitting is Petrindo Jaya or Cuan,
02:43 which was suspended in a week in the Indonesian stock market
02:45 twice, on Tuesday and Friday.
02:47 Following a significant cumulative price spike,
02:50 as high as 31% in one week.
02:53 While the suspension of the trading of the brand and cuan stock
02:57 was done in the regular market and the cash market.
02:59 Suspension in the cooling down cycle
03:02 or giving time for the market players
03:04 to consider maturely based on information
03:07 in every investment decision making
03:10 in the brand and cuan stock.
03:13 On the other hand, PT Barito Pacific TBK
03:16 which will offer a 3-stage obligation
03:18 2023 worth 1 trillion rupiah.
03:21 The obligation is part of the general offer
03:26 3-stage obligation Barito Pacific
03:29 with a target of 3 trillion rupiah
03:31 which will be offered in two series.
03:33 That is, series A as large as 700 trillion rupiah
03:36 with a flower rate of 8.5% per year
03:39 and a time of 3 years since the date of issue.
03:42 While the series B worth 300 trillion rupiah
03:46 offered with a flower rate of 9.5% per year
03:49 with a time of 5 years.
03:51 Here is the full schedule of the obligation of the BRPT.
03:55 Effective date January 31, 2023
03:58 general offer period 21 to 23 November 2023
04:02 expiration date 24 November
04:04 date of payment of payment and date of issue 28 November
04:09 and date of obligation record in the Indonesian stock market
04:12 29 November 2023
04:15 Even though Prajogo Pangestu is now the richest person
04:19 number 4 in Indonesia version Forbes.
04:21 Friday, November 10,
04:23 the wealth of Prajogo Pangestu
04:25 penetrated US $ 20.2 billion
04:28 or around 316.1 trillion rupiah.
04:33 The value of Prajogo Pangestu's clean wealth
04:36 is close to the first low-tech wong
04:38 at the first rank of 25.2 billion dollars
04:41 or around 394.3 trillion rupiah.
04:45 The second-ranked Robert Boodie Hartono
04:47 US $ 24.7 billion
04:50 or around 386.5 trillion rupiah
04:54 and the third-ranked Michael Hartono
04:56 US $ 23.7 billion or around 370.8 trillion rupiah.
05:02 Various sources of IDX channel.
05:04 Yes, the phenomenon of Prajogo Pangestu's stock market
05:09 is generally significantly stronger.
05:10 In fact, there are two times suspended last week
05:13 because of its very high strength
05:16 for cooling down from the Indonesian stock market
05:18 to be able to think again
05:20 whether the investment choices made by this investor are correct.
05:23 Okay, we will discuss about the phenomenon
05:27 in the hands of Prajogo Pangestu.
05:29 This morning, I'm with Mrs. Rafika Primadesti,
05:32 Research and Advisory Manager, BIMANI.
05:35 How are you, Mrs. Rafika?
05:37 Hello, Mrs. Prisa. I'm fine, thank God.
05:39 Mrs. Prisa, how are you?
05:41 I'm very good.
05:42 With information that is quite dense in the market segment this time,
05:46 it turns out, Mrs. Rafika.
05:47 But I want to highlight the emittance of Prajogo Pangestu.
05:51 We know that there is a brand that is now in the top 3 market cap
05:55 in the Indonesian stock market,
05:57 beating BAYEN, the emittance of Batubara.
06:00 Then we also see Cuan, BRPT, TPIA,
06:05 which are generally significantly weaker.
06:07 If from BIMANI, looking at these four stocks,
06:11 is it because one of the emittance is the brand?
06:18 This is an emittance renewable,
06:21 which may affect the other three in the middle.
06:24 There was a corporate action earlier that will also release an obligation.
06:27 Or what is it really like?
06:29 Yes, Mrs. Prisa, it's really amazing.
06:31 The rise or rally of Prajogo Pangestu's stocks lately.
06:36 As Mrs. Prisa said,
06:38 if BIMANI sees it, the first one is the brand.
06:44 The IPO was carried out at a time when the sentiment about green energy
06:48 or new and renewable energy is also booming.
06:52 So it makes the green energy sector very hyped.
06:58 So when this IPO was done, the animo investor was very high.
07:03 That's the first.
07:04 But the second is if we look at the business too.
07:09 If we look at it, these four emittance are all under Mr. Prajogo.
07:15 So they are related.
07:17 So what is this brand?
07:20 This brand is a business of BRPT itself.
07:23 Barito Pacific, which as Mrs. Prisa said,
07:26 there is also a sentiment that pushes to issue an obligation.
07:32 Then this brand itself actually under the business of Mr. Prajogo,
07:37 which is called Star Energy Geothermal.
07:39 So Star Energy is a hot earth business.
07:42 So in business, Star Energy is actually quite prospective too.
07:49 So for example, JP Morgan just reviewed the energy and EBT sector in Indonesia.
07:54 And indeed, JP Morgan's attention is also directed to BRPT,
07:58 which also holds about 65% of the brand's shares.
08:02 If we pay attention, Star Energy itself now has PLTP or
08:07 Bungri Heat Energy Electricity Generator, which is about 886 megawatts.
08:12 And according to JP Morgan, this actually has the potential to increase
08:17 its capacity to 1 gigawatt in 2027.
08:20 So this is actually very potential.
08:22 But indeed, Mrs. Prisa, if we look at it,
08:24 the increase in the stock is actually very significant.
08:29 Since IPO, the stock of this brand has actually increased by 570%.
08:32 So if you evaluate it now,
08:35 the price to earning ratio of this brand has actually reached 399 times.
08:40 Which is actually already very, very above the average industry share,
08:44 as big as 94 times.
08:46 And if we look at the price to book value, PBV, it's about 212 times.
08:51 And this is also above the average PBV of the industry 44 times.
08:55 So even though the business prospects are good,
08:57 this is indeed a significant increase in the stock price.
09:00 Even in the suspension, yes, last Friday with the stock market crash,
09:03 this should be a concern for investors too.
09:06 Especially retail investors.
09:08 So you have to be careful too in investing, Mrs. Prisa.
09:12 Okay, you have to be careful in investing.
09:15 Because especially for this brand,
09:17 the market cap has actually been significantly reduced.
09:20 The third position is below BCA, 1,087 trillion rupiah.
09:26 BBRI 769 and Brandy 699 trillion rupiah.
09:33 We will discuss further what is meant by having to be careful.
09:38 Because it's not just a brand, even though you say the valuation is very, very expensive.
09:43 There are still others.
09:44 There is still Cuan, TPIA, BRPT.
09:47 We will discuss that later.
09:50 And our sponsor will be back in a moment.
09:52 Our sponsor is back with us in the market buzz segment.
09:55 Still with Rafika Primadesi, Research and Adversary Manager from B-Money.
10:00 Okay, Mrs. Rafika, we were talking about the brand.
10:03 You said this brand for the RPS or revenue per share is already 466.
10:12 Then if we look at the PR, it's 148.
10:17 Oh, that's BRPT.
10:18 Due to the correction, Mrs. Mirsa, if the brand is already more than 400, right?
10:22 That's right.
10:24 The PR is 433.
10:25 If the industry, what is the average?
10:28 Yes, so as I said, if the brand is currently the price to earning ratio,
10:35 the PR has reached 399 times.
10:38 And the industry is on average 94 times.
10:41 And then for the PBV or price to book value, this brand has touched 212 times
10:47 and the PBV of the average industry is actually only 44 times, Mrs. Risa.
10:50 Okay, it's 210 times for the PBV.
10:53 If the average industry is only 44 times.
10:57 Yes, that's right.
10:58 Then if the PR, the updated data we got is already 400, 433 times.
11:05 Compared to the industry, how much?
11:08 94.
11:09 94, wow.
11:11 It means it's already very high.
11:14 That's right, Mrs. Risa, it's very high.
11:17 Even if I can add, so investment houses in Indonesia too,
11:23 sometimes if you ask what the position of IHG is like now,
11:27 sometimes there are even two comparisons.
11:31 So one is to include the brand in their calculation,
11:35 the other is to exclude the brand.
11:37 So I want to see if without this brand, how much will the IHG increase?
11:41 But I forgot the number, Mrs. Risa.
11:44 I haven't noted it down yet.
11:46 Yes, this brand is in the top 3 market cap.
11:49 If there is no brand, for example, no IPO, will IHG be at the current level?
11:54 That's right.
11:56 It can be much lower.
11:59 Yes, because as you said, the market capitalization of the brand is already 699 trillion rupiah.
12:05 So even more than Bayan, which is around 628 trillion rupiah.
12:11 So it's amazing, and maybe I want to add a little,
12:14 the brand that benefits Bian is actually, if I read it too, Mrs. Risa,
12:18 it was actually the Forbes real-time billionaire,
12:22 even some people said that Prayo Gupang Istu is already the richest person in Indonesia.
12:26 So the wealth is already around 673 trillion rupiah,
12:30 which has benefited Pak Loh Tukwong, which is the main manager of Bian.
12:34 Okay, so there is a version that says that Prayo Gupang Istu is actually in the first position.
12:42 That's right.
12:43 Okay.
12:44 We are talking about Du Hartono, who is also the manager of BCA.
12:48 Okay.
12:49 Yes.
12:50 Because this data is more about the calculation, right?
12:54 About the wealth.
12:55 Okay.
12:56 Okay, if the brand is considered quite expensive from the IPO,
13:00 the IPO has been increasing, how much has it reached?
13:04 Even 1000%?
13:05 570%.
13:06 570%?
13:07 Yes.
13:08 How about other stocks?
13:12 For example, Cuan, maybe it has also experienced a significant increase, BRPT and also TPI.
13:17 Maybe there is one that is still quite okay for investment at this time.
13:22 Yes.
13:23 Actually, if the stocks that are moving very significantly like this,
13:29 Ms. Prisa, once again, maybe I want to convey to the investors too,
13:33 investors, maybe retail investors, at BAE, Bursa Efek Indonesia,
13:38 be careful, I said be careful, in the sense of what, of course,
13:43 each investment must be adjusted again with the profile of each individual risk.
13:47 Yes, indeed, if we talk about Prayogo's stocks,
13:51 these are not bad stocks either, Ms. Prisa.
13:54 So, in business, they are good.
13:57 If we look at it, for example, this brand is in the infrastructure sector,
14:01 it has a green energy or EBT business, where we all go to net zero emissions in 2060.
14:06 Then, for example, Cuan is in the energy sector, the business has its coal,
14:11 which is earlier the coal has been mentioned that our export market in Indonesia is 50% global.
14:17 And then, if we look at BRPT and TPI, both are from the steel goods sector,
14:21 and the business is in petrochemistry.
14:23 Actually, this is also very prospective, so petrochemistry itself,
14:27 for example, there are trees, gardens, properties, and also petrochemistry itself.
14:32 So, actually, in business, this is a perspective,
14:35 but investors or investors must also pay attention to the valuation, Ms. Prisa.
14:43 So, when this valuation has been far removed from the average industry,
14:47 for example, this means that it may be better to wait and think more maturely
14:53 in making investment decisions.
14:55 That's also why BEI suspended Cuan and Brand on Friday
15:02 to give investors time to think, Ms. Prisa.
15:05 Maybe it should be looked at from the perspective of the performance,
15:11 is the performance in line with the strength that has occurred in the last few times,
15:18 and also don't just look at the last performance,
15:20 but is the performance quite solid from time to time?
15:25 That's right.
15:26 Okay, the decision to invest back to you, Ms. Mirsa.
15:29 And I want to convey information about the opening of the trade this morning,
15:33 where IHSG, just like other Asian exchanges and also the US exchange,
15:37 which strengthened 0.3% or 16 points in the range of 6,825 this morning,
15:44 with the value of the exchange, Ms. Mirsa,
15:46 also monitored, oh, it turns out to be still weak, around 0.08% at 15,698.
15:54 Well, Ms. Rafika and also Ms. Mirsa,
15:57 besides discussing the shortcomings of the Prayo Gopang S2,
16:00 which is significant and also the owner himself,
16:04 which seems to be getting weaker,
16:07 there is even a version that says number one in Indonesia.
16:10 We also have information about the Emiten-Emiten Batubara,
16:13 where the market force or the export market force from Indonesia
16:18 from January to October reached a 50% record, Ms. Mirsa,
16:23 and is the number one in the world.
16:26 Later we will discuss the impact to the commodity-based exchanges.
16:29 How? After the next conversation, stay with us.
16:33 Thank you, Ms. Mirsa, for being with us.
16:35 We will still be in touch or discuss with Rafika Prima,
16:39 the DEC Research and Adversary Manager from B-Money.
16:42 And before that, Ms. Mirsa, we will show you information
16:44 about the opening of the first trading session this morning or early this week.
16:49 Ms. Mirsa, where I have said that IHSG is in a positive territory at 6,827 at the moment.
16:57 The top gainers are SOTS, which is 23%, CITY, Natural City Development, which is 13%,
17:06 AISA or FKS, Food Sejahtera, which is 7%, Awan, which is 4%,
17:12 and then some other stocks like Suli, GMFE, RAAM, and also Bima.
17:18 Then the top losers are DOOH or Era Media Sejahtera, which fell by almost 9.5%,
17:26 then Mell, Indonesia Technology, also fell by 9.26%, DVLA, RELF, LPPS, AXIO, and also CRSN,
17:37 which of course is Ms. Mirsa.
17:39 These are gainers based on value that will continue to undergo changes
17:44 because this is still very early minutes of the opening of session 1.
17:49 Okay, Ms. Rafika.
17:53 Yes, Ms. Prisa.
17:55 It seems that there is not much change in the gainers based on value in the early minutes
17:59 regarding the commodity stocks, namely Batu Barah.
18:01 But how about the information that the Indonesian market force for Batu Barah Global exports reached 50%,
18:09 meaning that it is number one, superior to countries like Australia and Russia?
18:16 Yes, Ms. Prisa. So this is indeed a very important news for the Batu Barah sector on Friday.
18:24 So the Indonesian market force exported 50% of Batu Barah Global,
18:28 and earlier, as you mentioned, Australia, so Australia fell by 20% to 19%,
18:33 and Russia fell by 12% to 11%.
18:37 If we look at this export, it increased by 11.5% year-on-year.
18:42 Ms. Prisa doubled the growth of Batu Barah Global exports, so it's amazing.
18:47 Is this influential on the Batu Barah stocks in the Indonesian stock market?
18:52 Of course, it is very influential, Ms. Prisa.
18:54 So if we look at the example of the four Batu Barah stocks,
18:57 it's Bumi, Adro, Bian, and ITAMG, for example.
19:01 So the Bumi stock, when this news came out yesterday on Friday,
19:05 it was closed, strengthening 0.94%,
19:08 even though for a week it actually still weakened by 3% or more.
19:13 Then for Adro, Adro also on Friday, it rose 1.22%,
19:18 even though for a week it still went down, then Bian also rose 1%, 1.07%,
19:24 even though for a week it rose, even though it rose, but not up to 1%.
19:28 And for ITAMG, it was strengthened on Friday, around 0.3%,
19:33 even though for a week it dropped 2.3%.
19:36 So I think this news is very influential on the interest of risk,
19:40 or the interest of investors, basically, to buy Batu Barah stocks.
19:44 What is the strategy for Samsam, Bumi, Adro, ITAMG, and also Bian?
19:50 Yes, actually, if we talk about strategy, we have to know the story first, Ms. Prisa.
19:57 So indeed, for the Batu Barah story, it's a bit unique, I can say.
20:01 So earlier, Ms. Prisa mentioned,
20:03 for example, there is a report from the United Nations for Environment Program,
20:07 even though 20 of the world's top fossil fuel producers
20:13 have pledged or said they will go towards green energy,
20:20 but actually their commitment or action to reduce production or use of Batu Barah
20:26 is actually still minimal.
20:29 Well, if we look at it, there are actually two sides of the coin.
20:35 So for the journey towards energy transition, this is quite a challenge too.
20:40 Because of course, Batu Barah has been proven for so long
20:44 to be one of the most notable energy sources, maybe economically.
20:49 But on the other hand, indeed, for the emission of Batu Barah in Indonesia,
20:54 especially for the four stocks I mentioned earlier,
20:57 it can also be a positive or catalyst sentiment to boost the price of the stock.
21:02 Because of course, the use of Batu Barah that will continue in the future,
21:07 maybe not continue, but the use of Batu Barah that will still be done in the future
21:13 while preparing for the transition to green energy,
21:16 will also boost the financial performance of the emission of Batu Barah,
21:23 both top-line and bottom-line.
21:25 So if we look at it, the first one is of course,
21:29 the price of Batu Barah in Indonesia is relatively lower, Ms. Prisa,
21:33 compared to the competitive prices, for example, Australia earlier,
21:37 with a higher quality.
21:40 Okay, so that's a good thing, right?
21:43 It's a good thing, right.
21:44 Because it's lower, even though, yeah, okay.
21:46 So, what do you recommend?
21:49 If I look at this, I've checked, Adaro and Bumi this morning are still strong,
21:53 while Bian, Cenderung Stagnant, and ITMG are down.
21:56 Yes, actually, I think these four stocks are okay.
22:01 Maybe I will recommend Adaro, Bian, and ITMG more,
22:05 but this recommendation needs to be noted, maybe more towards tactical, Ms. Prisa.
22:10 So, as I've mentioned before, maybe in the previous episodes,
22:14 when we invest, we can apply tactical and strategic strategies.
22:18 So, strategic is more like value investing for the long term,
22:22 but tactical is more towards looking for the opportunities that exist now,
22:26 and then when the opportunity is optimized,
22:31 it can be taken profit and also move to more value stocks.
22:36 Are there any opportunities yet to these Batu Barai stocks?
22:40 I think there are already, Ms. Prisa, because the news last Friday
22:44 about the export has become a positive catalyst for these Batu Barai stocks.
22:48 Okay, in short, for those who invest in medium-term,
22:51 what are the interests of these stocks?
22:55 Yes, if we look at Bimani, for medium-to-long,
22:59 first, of course, the big banks,
23:02 that is, BBRI, BBNI, BMIRI, BBCA,
23:05 then from the infrastructure sector, especially telecommunications,
23:09 telecom, Indosat, and also Excel,
23:13 then from consumer goods too.
23:15 Well, we have quite a wide selection of consumer goods,
23:18 so there is, for example, Aces, AMRT, Mapa, MAPI, Mayora,
23:23 then Indofood, and also ROVO.
23:27 So, the top sector is still banking,
23:30 then infrastructure, but telecommunications,
23:33 and also consumer goods, maybe, right?
23:36 That's right, Ms. Prisa.
23:38 Ms. Refika, thank you very much for sharing the information this morning,
23:41 early this weekend in the market bus segment.
23:43 Hopefully it can be a reference for investors at home
23:46 and also successful investors.
23:48 Ms. Refika, see you again.
23:50 Thank you, Ms. Prisa, good luck too.
23:52 Thank you.
23:54 [BLANK_AUDIO]