You can contact the author (Teguh Hidayat) by email, teguh.idx@gmail.com. The author live in Jakarta, Indonesia.

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Analysis of IPO Waskita Beton Precast

The initial public offering (IPO) of Waskita Beton Precast may be the most discussed IPO on the Indonesian stock market in 2016, due to several factors. First, it’s a SOE, and if you look at the previous IPO’s of SOE where their share price has risen significantly, such as Wijaya Karya Beton (WTON) or PP Property (PPRO), then the Waskita Beton IPO is also predicted to be a success. Second, when the Jakarta Composite Index (JCI) gained a lot in the last three months, the stocks of second liner SOEs (whose share prices are in nominal of hundreds of Rupiah) has risen more, and the initial price of Waskita Beton also at the range of Rp400 - 500 per share. And third, Waskita Beton main business, ie the manufacture of precast concrete and ready mix for construction of highways, bridges, etc, is related directly to the development of infrastructure. And since one or two years ago, arguably there is no other story that is more consistent in the market except about these infrastructure things.

Agung Podomoro Land, and Reclamation Case

On April 1, President Director of Agung Podomoro Land (APLN), Ariesman Widjaja, named as a suspect by the Corruption Eradication Commission (Komisi Pemberantasan Korupsi, or KPK) regarding the bribery case of Jakarta Bay Reclamation. The aftermath for related stock is predictable: On Monday, April 4, APLN dropped from Rp300 to 270 per share, then sliding further to as low as Rp232 per share in mid-May. In recent weeks, APLN slowly but surely recovering, and when this article was written, the share price is stable at 248, where based on technical analysis, it appears that it will go up, while on the other hand its PBV is only 0.7 times at the price. An opportunity?

Value Opportunity: WOM Finance

In stock investing, there are many advantages if you choose to use the ‘super method’ of value investing. First, you can buy stocks and then left it just like that without the need to look at the stock price developments (except, say, once a month), so you have plenty of time to do whatever you like. Second, you always have the opportunity to find the 'hidden pearl', ie stocks which may offer extraordinary profit to hundreds of percent, in a relatively short time.