You can contact the author by email, The author (Teguh Hidayat) live in Jakarta, Indonesia.

Understanding LQ45 Futures

On February 1st, 2016, the Indonesian Stock Exchange (IDX) with the Indonesian Clearing of Securities Underwriting or ICSU (Kliring Penjaminan Efek Indonesia, or KPEI) reactivated LQ45 Futures trading. LQ45 Futures trading had been enabled since 2001, but it was discontinued in 2009 for various reasons, and is now enabled again with some improved regulations. But the questions are what LQ45 Futures is? And how does it affect the Jakarta Composite Index (JCI)?

The Importance of an Investor’s Vision, Part 2

Okay, that was the first. The second is to have a future-oriented vision is useful when we use the value investing method itself. As we know, the job of a value investor is simple: find a good and cheap stock, then buy it, and then wait until its price goes up. Meanwhile, if you don’t find those two criteria (good and cheap, because we are usually in a condition where all good stocks are expensive), so you have to wait, alias keep your cash.

The Importance of an Investor’s Vision

In 2005, I was still a student of the third year at the campus of the Department of Statistics, Padjadjaran University (Unpad) Bandung. Then a friend of the same generation on campus, named Ivan, invited me to join the student association, Himpunan Mahasiswa Statistika (Himasta) Unpad. Previously they chose Ivan as the vice head of the Himasta, and he was building his team by recruiting other students, including me, to join the Himasta. Then, I was wondering, ‘What will I do in Himasta? I dislike joining an organization.’

PP Properti

With the sluggish economic growth throughout 2015, most companies in BEI had decreased performances or even suffered losses. However, some of them, such as PT PP Properti Tbk (PPRO), are still in growth momentum. Until September 2015, PPRO earned net profit of Rp206 billion, it skyrocketed four times over the same period in 2014.

Suggested Books for Value Investor

One of the questions people often asked, if I want to learn about stock investing, especially the method of value investing, then what books you are recommend the most? And I think that’s a good question, which shows that ones are eager to learn before start buying stocks. Because it is impossible for a soldier to enter the battlefield without any weapons, right?

Bumi Resources Minerals

In October 25, 2016, in this blog we've talked about one of the most phenomenal stock in the history of stock market in Indonesia, Bumi Resources (BUMI), which suddenly jumped from Rp82 to Rp123 per share, in just two trading days. However, after considering the rise in coal prices, plus the company’s plan to convert its debt into shares (which was then approved by the creditors), we concluded that BUMI is very attractive because it is still likely to rise further. You can read the analysis in here.

Between Trump, Indonesia’s Political Situation, and The Fall of JCI

In Friday, November 11, the Jakarta Composite Index (JCI) dropped 4.01% in a single trading day, which, of course, sparks some panic. But because the index was still in a relatively high position, ie 5,200’s, then the panic didn’t became a widespread. Because if you already bought some good stocks at the beginning of 2016, then you must be still in a profit position, although the profit is probably not as big as before.

Bumi Resources, and The Rising Coal Price

In one session of value investing training some time ago, a participant asked, ‘Mr. Teguh, what is your opinion about Bumi Resources (BUMI)? I read your article about the company’s management attempt to restructure their debts. If the attempt was a success, the stock will rise, no?And I replied, ‘Whether BUMI would successful or not in restructuring its debts, or whether the company’s financial performance will improved in the future, that only time will tell. But one thing for sure, the decision to buy BUMI at the price of Rp50 per share clearly offers a very different risk (and also different potential gain) than if we buy the stock at Rp1,000 per share. I'm not interested when BUMI was still trading at Rp1,000s per share, but what if we can buy it at 50 only?