Usai Stock Split, Saham EDGE Melesat 71,79% Dalam Sepekan
Harga saham PT Indointernet Tbk (EDGE) masih melaju kencang, pasca stock split di 15 November 2023 pekan lalu. Pada perdagangan sesi pertama hari ini (21/11), saham EDGE masih menguat di 19,64% di tengah pelemahan indeks harga saham gabungan.
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TVTranscript
00:00 From the topic of choices, we turn to the information of the voters' choice,
00:03 where the price of PT Indo Internet TBK shares or with the IDGE share code
00:08 still went up fast after the stock split on November 15, 2023.
00:13 In the first trading session today, the IDGE share is still strong at 19.64%
00:19 in the middle of a weakness in the price index of the Kampungan shares.
00:21 Quoted from RTI data until trading session 1 today,
00:29 PT Indo Internet TBK or IDGE shares were closed again,
00:33 strengthening significantly 19.64% at the level of IDR 6,700 per share.
00:39 The price is the highest level when the stock split was done at the level of IDR 3,900 per share on November 15, 2023.
00:48 Meanwhile, in the week, the price of IDGE shares has risen 71.79%.
00:53 In the middle of the price increase, the volume of the stock share transaction also increased significantly in the last few days.
01:00 Previously traded after November 14, 2023, IDGE shares are still traded at a long price of IDR 19,500 per share.
01:10 Previously, PT Indo Internet TBK or IDGE has held a general meeting of extraordinary shareholders on October 25, 2023
01:21 and agreed to do a split of the nominal value of the share or stock split 1 to 5.
01:26 With this ratio, the nominal value of the share will change from IDR 50 per share to IDR 10 per share.
01:32 In trading after November 14, 2023, a day before the stock split, IDGE shares were traded at IDR 19,500 per share.
01:41 With the collapse of the stock split, the price of IDGE shares has a new price of IDR 3,900 per share on November 15, 2023.
01:50 This new price applies to the regular market and the negotiating market.
01:54 The management explains that this stock split is intended to meet the needs of the Indonesian stock market or BII
02:00 related to the number of free float shares, which is at least 50 million shares or 7.5%.
02:06 In addition to the stock split, the number of shares traded and stored by IDGE will change from IDGE shares at IDR 404.05 million to IDGE shares at IDR 2.02 million.
02:16 So it is expected that the liquidity of the trading of free float shares in the Indonesian stock market will be more active and affordable for retail investors.
02:24 This is a report by IDX Channel.
02:35 In the midst of the collapse of the SAMGAPUNGAN stock market, throughout today's trading, IDGE shares are still fast and still experiencing a strength of over 19%.
02:44 And let's just go to the first graph. We will try to see how IDGE shares are doing throughout today's trading until the second session opens.
02:53 And we will deliver the update in a few minutes during the closing of the trading session on the second session today.
02:58 And you can also see the graphics on the screen of your television, Mirza. It was opened in the first session this morning at level 5700.
03:05 This is experiencing significant strength compared to the previous closing day. Closed at level 5600 per share.
03:12 At 9 past 10 minutes, IDGE shares were fast at IDR 6200, IDR 6625 to IDR 1050.
03:21 This is experiencing a strength of IDGE at IDR 6700 and the same level until the second session opens.
03:29 Until now, a few minutes after the closing of the second session, IDGE is still moving at the same level.
03:33 The lowest level today is IDR 5625, the highest level at IDR 6700.
03:37 We move on to the next graph. We will try to see how the movement of IDGE shares in the last few months before experiencing a significant increase in sentiment or corporate action from the stock split.
03:50 You can also see the graphics on the screen of your television, Mirza.
03:53 At the 5th June movement, IDGE shares are still moving at IDR 3000, precisely at IDR 3795.
04:06 Then on July 3, IDGE shares were at IDR 3750, and then on August 3, IDGE shares were at IDR 3610.
04:14 On September 3, IDGE shares were at IDR 3540, and on September 12, IDGE shares were at IDR 3380, and even IDGE shares were at IDR 3360.
04:26 In October, there was a significant increase in IDGE shares, starting when the stock split from the share price was agreed in the extraordinary shareholder meeting,
04:40 which rose to IDR 3590.
04:42 And when the stock split was completed, at IDR 3900, the position is now at IDR 6700 per share, with an increase of 19.64%.
04:53 How about the valuation? Is it still interesting or not?
04:58 Let's move on to the next graph.
05:00 We will try to see from the position, the price-to-earning ratio is quite high at IDR 56.86x, already above 10x,
05:08 the PSR is at IDR 14.53x, the P/EV is at IDR 9.77x, and the BCFR is at IDR 61.22x.
05:16 Yes, a combination of fundamental, technical, and also from the valuation side, and hopefully it can be one of the references for you.
05:23 Thank you for your time.
05:24 [Music]
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