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

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Indika Energy

Just a few days past in May, but the game difficulty has already switched from ‘easy’ to ‘hard’. Yup, currently there are many stocks, especially in the second liner group, which dropped significantly despite the Jakarta Composite Index (JCI) are not moving anywhere. But some stocks, let’s say Indika Energy (INDY), it goes up, and in this case the hike can be explained fundamentally, and that’s why we will discuss INDY here. Okay, here we go.

Cash Flow Analysis in (Simplified) Value Investing

If you used to read company’s financial statement, you will know that the Indonesian standard format of financial statement comes as: 1. Statement of Financial Position (Asset, Liabilities, and Equities). 2. Statement of Profit and Loss (Revenue, till Net Income). 3. Statement of Changes in Equities and lastly. 4. Statement of Cash flows. Normally, if writer do a quick financial statement analysis, we only look at asset changes to company’s net income, and seldom look to Statement of Cash Flows, then the question comes. What is the difference between Statement of Cash Flows and Statement of Profit and Loss? What if the company made profits in Statement of Profit and Loss, but the cash received (stated in the Statement of Cash flows) is smaller? Then, What if the company stated negative cash flows? And so on.

Ristia Bintang Mahkotasejati

Ristia Bintang Mahkotasejati (RBMS) is one of many property developers specializing in residential building that listed on IDX, whose shares in recent years are dormant after the company posted disappointing performances, in line with the sluggishness of property industry itself. But in last 2017, RBMS acquired two subsidiaries that operates in hotel industry and modest housing development, and in 2018 the result begins to show up where RBMS at Quarter 1 posted revenues of Rp24.5 billion, soaring over the same period in 2017 which is only Rp551 million, and so is the share begin to appreciate, but on the other hand, the valuation, at a glance, is still very cheap with PBV only 0.3 times. Future prospects?