Rogoh Rp3,4 Triliun, HRUM Tambah Kepemilikan di Westrong Industry

IDXchannel

PT Harum Energy Tbk (HRUM) melalui anak usahanya, PT Harum Nickel Industry (HNI), resmi menjadi pemegang saham mayoritas PT Westrong Metal Industry (WMI). Adapun, WMI merupakan perusahaan smelter nikel yang berlokasi di Weda Bay Industrial Park, Maluku Utara.  HNI membeli 1.214.000 lembar saham WMI yang dimiliki oleh Prime Investment Capital Limited (PICL) dan Walsin Singapore Pte Ltd (WS). Jumlah itu mewakili 60,7% dari total modal ditempatkan dan disetor WMI, dengan nilai transaksi sebesar USD215,21 juta atau setara Rp3,4 triliun (asumsi kurs Rp15.828).

Transcript

00:00 From the topic of choice, we turn to the information.

00:02 The choice emitter this time comes from coal mining.

00:05 What is quite interesting is that Samsung Coal is experiencing a deep correction today

00:10 in the middle of community price weakness.

00:12 And the conditions are different for this one emitter, Harum.

00:15 We will try to update the latest fundamental development from Harum.

00:18 Where the TBK Energy Harum or Harum through the Harum Nickel Industry or HNI

00:24 acquires 1.21 million shares of PTW Strong Metal Industry or WMI.

00:30 Where the transaction is part of the investment effort

00:33 to continue to increase business diversification through investment in the nickel sector.

00:38 Quoted from the information open book of the Indonesian FEC,

00:45 PT Harum Energy TBK or HRUM through the Harum Nickel Industry

00:49 acquires 1.21 million shares or 60.7% of PTW Strong Metal Industry shares.

00:56 Harum Energy takes over the shares which are a portion of the ownership of Prime Investment Capital Ltd.

01:03 The transaction value reaches US$215.2 million or 3.4 trillion rupiah.

01:09 Thus, the ownership of Harum through the Harum Nickel Industry in the WMI

01:15 first becomes 80.7%.

01:17 Previously, on April 27, 2022, Harum Nickel had acquired 20% of WMI shares.

01:24 The Director-General of PT Harum Energy TBK, Ray Agunara,

01:28 said the transaction is part of the investment effort

01:31 to continue to increase business diversification through investment in the nickel sector since 2020.

01:37 WMI is a company that operates in the field of nickel processing and purification.

01:42 This company owns and operates a nickel smelter in Indonesia, Wedapa Industrial Park, North Maluku.

01:49 The annual production capacity is 56,000 tons of nickel,

01:53 which is included in the high-grade nickel-made product.

01:56 Currently, the Strong Metal Industry project is in the final stage of construction

02:00 and is targeted to start commercial operation in the second quarter of 2024.

02:05 For more information, please visit IDX channel.

02:14 [The first graph of the second session]

02:17 Yes, the expansion of Harum Nickel seems to give a positive appreciation

02:22 or given a positive appreciation by investors throughout today's period.

02:26 When Samsung first made other companies feel pressure,

02:29 Harum today has strengthened significantly.

02:31 Even in intraday, it was able to strengthen above 7%,

02:34 even though in a few minutes after the end of the second session,

02:37 the strengthening was more limited.

02:39 Let's just go straight to the first graph.

02:41 The first one is the analysis.

02:43 We will try to see how the movement of Harum's shares throughout today's period.

02:47 It was opened in the first session this morning at IDR 1,160 per share.

02:52 This position experienced a boost compared to the previous closing at IDR 1,150 per share.

02:58 Nine minutes after ten minutes, the strength was increased to IDR 1,175.

03:02 Even at 10.35 minutes, it experienced a significant jump at IDR 1,235 per share.

03:09 At 11.30, the strength was more limited at IDR 1,225.

03:13 And the closing of the first session this afternoon was closed,

03:16 strengthened at IDR 1,230 per share.

03:19 However, at the opening of the second session, the strength was more limited.

03:24 Including trading in the second session,

03:26 after the opening, Harum experienced a fairly high increase again.

03:30 Even just now, it was able to touch the intraday.

03:33 After the opening of the second session, I will try to read it.

03:36 At IDR 1,270 per share,

03:39 however, the current position of Harum's strength has begun to be limited

03:43 only at 5.22% and is at the level of IDR 1,210 per share.

03:48 We will try to see how the movement of Harum's shares in the last few months.

03:53 We move to the next graph.

03:55 You can also watch it on your television screen.

03:58 In August, the movement of Harum's shares was still traded at IDR 1,685 per share.

04:04 Then in September, it seems to be weaker to IDR 1,500.

04:10 In September, it experienced significant strength,

04:14 from IDR 1,800 to IDR 1,915.

04:17 And it seems to be the highest level in the last six months.

04:20 October, November, and December to January,

04:24 Harum tends to experience weakness along with commodity prices.

04:29 We also updated earlier,

04:31 Harum has even reached its lowest level since 2021.

04:35 However, after touching IDR 1,150,

04:38 Harum tried to rise in the opening of the second session, at IDR 1,220.

04:44 Then also today's intraday at IDR 1,270,

04:47 as the expansion of nickel is being extended,

04:50 where in the middle of commodity prices,

04:54 it seems that this policy is quite well received by investors.

04:58 How about the valuation?

05:00 When compared to other Samsung commodity exchanges,

05:02 the valuation is still quite cheap,

05:05 even the average is still below 10 times the average.

05:08 Let's move on to the next graph,

05:10 we will try to see some indicators.

05:12 First, the price-to-earning ratio for Harum is still below 10 times,

05:16 at 7.49 times,

05:18 the PSR is at 1.25 times,

05:20 the PBV is at 1.27 times,

05:22 while the PCFR is at 3.80 times.

05:25 The combination is fundamentally technical and also from the valuation side,

05:29 and hopefully it can be one of your references.

05:33 [Music]

05:36 [BLANK_AUDIO]

Category

Transcript

Recommended