Saham PT Barito Renewables Energy Tbk (BREN) turun tajam di awal perdagangan Jumat (20/9/2024) usai FTSE Russell mengumumkan emiten geotermal tersebut akan dikeluarkan dari indeks.
Menurut data Bursa Efek Indonesia (BEI), pukul 09.09 WIB, saham BREN merosot 19,95 persen ke Rp8.825 per saham, atau menyentuh auto rejection bawah (ARB).
Menurut data Bursa Efek Indonesia (BEI), pukul 09.09 WIB, saham BREN merosot 19,95 persen ke Rp8.825 per saham, atau menyentuh auto rejection bawah (ARB).
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TVTranscript
00:00From the topic of choices, we turn to the information related to the choice of buyers and this is still related to the brand
00:10related to the details of why it was removed from the RASO version
00:14and the Financial Time Stock Exchange or Futsi RASO
00:18issued the PT Barito Renewable Standard QTBK stock or brand from the Constitutional Registration of the Global Equity Index Indonesia
00:26Why was it removed from the Futsi RASO index?
00:28Because it is considered to not meet the Free Float conditions
00:36Quoted in a statement written by Futsi RASO summarized from various sources
00:41PT Barito Renewable Energy QTBK or brand is considered to not comply with the Free Float Restriction
00:47or Minimum Limit Restriction, a stock owned by public stockholders
00:53This is related to the High Stock Holder Concentration Regulation and Futsi RASO Re-calculation policy
01:01This regulation is to avoid the high concentration of certain stockholders in the stock which is the constituent of the Futsi index
01:10Futsi estimates that there are 4 stockholders who control 97% of the total stock issued
01:16Therefore, the brand was removed from the Futsi RASO index effective from September 25, 2024
01:24Previously, the brand was scheduled to enter the Futsi Global Equity Series Large Cap Index
01:30which will take place on September 20, 2024
01:33and effective on September 23, 2024
01:38Some brands were included in the change in June 2024
01:42but then canceled due to the entry of a special full call option regulation board of the Indonesian Stock Exchange
01:51Various sources, IDX Channel
01:57In the investigation, it seems that the response from investors during the recent days is quite negative
02:01The brand has experienced a significant weakness and even experienced an auto-reject by investors
02:07where technically previously the brand has experienced significant strength
02:12Let's go straight to the first graph
02:14We will try to see how the movement of the brand shares throughout today's trading
02:21In today's trading, the movement of the brand shares on September 19 or the closing of the previous day
02:27The brand was closed at level 11,025
02:30At 9 o'clock, it was opened at 10,200
02:33then immediately experienced a fairly deep correction to 9,475
02:39At 10.30 o'clock, the brand continued to weaken to 8,825
02:45In the middle of the internal weakness that occurred, the brand shares recorded an auto-reject
02:49and at the same level until the closing of the first session and the opening of the second session
02:53and until the current position, the brand shares are still moving at the same level
02:59Let's move on to the next graph
03:01We will try to see how the movement of the brand shares in the last few months
03:06where the brand shares have experienced significant strength
03:10In the last trading session, it was still traded at 5,000
03:13On May 22, it experienced significant strength at 11,250
03:18In June, it experienced a fairly deep correction to 6,050
03:24In July and August, it experienced strength at 7,000
03:30Even in September, the brand shares experienced significant strength
03:36up to 11,900 shares
03:41However, on September 20, it experienced a fairly deep correction
03:45The negative sentiment seems to burden the brand shares
03:48Today, it experienced a fairly deep correction at 8,000 again
03:52by experiencing an auto-reject
03:54We will also try to see from the valuation side
03:56where the brand shares are said to have a premium valuation
04:03We will try to see from some indicators
04:05The price-to-earning ratio is at 617.73
04:10The PSR is at 123.83
04:13Even the PBV is above 100
04:16at 148.46
04:19and the PCFR is at 321.81
04:23This is a fundamental technical combination
04:25from the valuation side
04:27and hopefully it can be a reference for you