JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) on Wednesday (03/27) closed down 0.39 percent to 6,444.74, from the previous closing level of the trade which was able to rebound and ended up 0.92 percent to 6,470 .
Amid the decline in the JCI, there were issuers which posted the sharpest increase in stock prices and there were also the sharpest declines. In addition, this decline was also accompanied by the issuer’s corporate actions.
Yesterday, PT Pikko Land Development Tbk (IDX: RODA) share closing up 24.58 percent at Rp446 per share. Following the strengthening of RODA’ shares is the share of PT Cahayaputra Asa Keramik Tbk (IDX: CAKK) which shot 24.48 percent and closed at Rp356 per share.
PT Bumi Teknokultura Unggul Tbk (IDX: BTEK) posted the sharpest decline of 18.75 percent to Rp143 a share on Wednesday.
PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA)
The Indonesia Stock Exchange (IDX) will summon the directors of AISA on Friday (03/29), to request an explanation regarding the results of the 2017 financial report investigation by PT Ernst & Young Indonesia (EY). EY’ investigation showed that there were findings regarding the alleged inflating of an accounting account worth Rp4 trillion (US$283.69 million) and several other allegations.
PT Wijaya Karya Beton Tbk (IDX: WTON)
The precast concrete issuer distributed dividends of Rp145.92 billion with price of Rp17.50 per share. This value is equivalent to 30 percent of the company’ net income in 2018 amounting to Rp486.64 billion.
PT Akasha Wira International Tbk (IDX: ADES)
Last year, issuer of the ADES brand of drinking water’ net profit grow 38.48 percent to Rp52.96 billion from the previous year Rp38.24 billion. The increasing are supported by additional income from interest obtained through savings accounts and investments in time deposits which grew 523.36 percent.
PT AKR Corporindo Tbk (IDX: AKRA)
The government has held meetings with airlines and industry players on Monday (3/25/2019). In the minutes of the meeting, it was known that one of the points was to request that the AKR Corporindo’ avtur sale permit be expedited and be given on April 1.
PT Lippo Karawaci Tbk (IDX: LPKR)
The investment holding under Lippo Group posted a net profit of Rp695.14 billion in 2018, or up 13.18 percent from Rp614.17 billion in 2017. Earnings were supported by revenues reaching Rp12.46 trillion, rose 18.44 percent of the position of Rp10.52 trillion.
Furthermore, Binaartha Sekuritas views that there is a potential for further correction on the JCI movement so that it has the opportunity to go to the support area at the level of 6.416-6.430.
The number of stock recommendations that can be considered by investors are PT Adaro Energy Tbk (IDX: ADRO), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Garuda Maintenance Facility Aero Asia Tbk (IDX: GMFI), PT Indosat Ooredoo Tbk (IDX: ISAT), PT Matahari Putra Prima Tbk (IDX: LPPF), and PT PP Properti Tbk (IDX: PPRO).
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia