Investing in BUMN Companies: Opportunities Arise as 2022 Performance Soars

Minggu, 12 Maret 2023 | 16:41 WIB
Investing in BUMN Companies: Opportunities Arise as 2022 Performance Soars
[ILUSTRASI. From mining to telecommunications, key sectors are driving strong growth for BUMN companies, with many already seeing positive results. ANTARA FOTO/Muhammad Adimaja/aww.]
Reporter: Sugeng Adji Soenarso, Yuliana Hema | Editor: Hasbi Maulana

KONTAN.CO.ID - JAKARTA. In 2022, the performance of state-owned enterprise (SOE) issuers was quite impressive. According to the claim made by Minister of SOEs, Erick Thohir, the consolidated profits of SOEs in 2022 reached IDR 303.7 trillion, a year-on-year increase of 142.4% from IDR 125 trillion in the previous year.

The majority of SOE issuers that have released their 2022 performance report showed positive growth in their performance. For example, PT PP Presisi Tbk (PPRE) recorded a revenue increase of 29.64% to IDR 3.63 trillion, and net profit rose by 30.98% to IDR 100.75 billion.

M. Arif Iswahyudi, Director of Finance, Manrisk & Legal at PPRE, explained that the achievement was the result of the company's focus on its mining service business line. PPRE was also diligent in cost-efficient production.

PPRE successfully issued bonds worth IDR 202.98 billion.

"We can expand asset capacity that stimulates the performance of mining and civil construction service projects," said Arif on Thursday (9/3).

This year, PPRE aims for contract growth of 20%-30% to IDR 7 trillion, with the majority of employers being mining companies in Indonesia. PPRE has allocated 40%-50% more capital expenditure this year than last year, amounting to IDR 350 billion.

Sluggish Commodity Prices Cause Decline in Stock Index of 30 Companies

PT Elnusa Tbk (ELSA) also experienced a significant increase in performance, recording a year-on-year net profit increase of 228% to IDR 378 billion. In the mining sector, PT Bukit Asam Tbk (PTBA) earned a net profit of IDR 12.56 trillion, up 58.90% from IDR 7.9 trillion in 2021.

According to Head of Investment Information at Mirae Asset Sekuritas, Roger MM, among several SOE sectors, the telecommunications sector is still favored this year. This is reflected in the performance of PT Dayamitra Telekomunikasi Tbk (MTEL) in 2022.

MTEL recorded a year-on-year net profit increase of 29.25% to IDR 1.78 trillion in 2022.

"We are satisfied with MTEL's performance, it may be a choice for investment. Compared to TOWR and TBIG, MTEL's valuation is more attractive," he said on Thursday (9/3).

Integra Indocabinet (WOOD) Sets Aside Rp 50 Billion for Stock Buyback

Head of Research at Jasa Utama Capital Sekuritas, Cheril Tanuwijaya, also considers JSMR's performance to be good. She estimates that JSMR will receive fresh inflows from the Lebaran momentum in 2023.

Cheril sees that ADHI's stock price movement is still in a downtrend phase. Adhi Karya will only begin selling properties in the LRT area in July 2023. "In the second semester of 2023, Indonesia also begins to enter a political year that can create uncertainty," added Cheril.

Cheril recommends buying JSMR shares with a target price of IDR 3,450 and a stop loss at IDR 3,200. However, she recommends holding ADHI and MTEL shares with target prices of IDR 450 and IDR 725, respectively.

Bagikan

Berita Terbaru

Profit 29,70% Setahun, Harga Emas Antam Hari Ini Merosot (27 Juni 2025)
| Jumat, 27 Juni 2025 | 16:13 WIB

Profit 29,70% Setahun, Harga Emas Antam Hari Ini Merosot (27 Juni 2025)

Harga emas Antam hari ini (27 Juni 2025) Rp 1.907.000 per gram. Di atas kertas pembeli setahun lalu bisa untung 29,70% jika menjual hari ini.

Belum Setahun Listing di BEI, Master Print Bakal Diakuisisi Perusahaan Singapura
| Jumat, 27 Juni 2025 | 16:04 WIB

Belum Setahun Listing di BEI, Master Print Bakal Diakuisisi Perusahaan Singapura

Harga saham PTMR sudah melambung duluan sebelum pengumuman resmi soal rencana akuisisi oleh Deep Source diumumkan.

Proyek EBT Digeber Pemerintah, Ada Rencana Revisi Aturan Tarif Listrik dan PLTP
| Jumat, 27 Juni 2025 | 10:57 WIB

Proyek EBT Digeber Pemerintah, Ada Rencana Revisi Aturan Tarif Listrik dan PLTP

Dalam waktu dekat akan ada peresmian pembangkit EBT total 350 MW, sebesar 55 MW di antaranya berlokasi di Sumatra.​

Jaga Stabilitas Harga Saham, Bangun Kosambi (CBDK) Melaksanakan Buyback Saham
| Jumat, 27 Juni 2025 | 10:13 WIB

Jaga Stabilitas Harga Saham, Bangun Kosambi (CBDK) Melaksanakan Buyback Saham

Anak usaha PT Pantai Indah Kapuk Dua Tbk (PANI) akan melaksanakan aksi buyback saham selama tiga bulan, mulai 25 Juni 2025-24 September 2025.​

Dorong Kinerja Tahun 2025, Solusi Bangun (SMCB) Genjot Penjualan ke Pasar Ritel
| Jumat, 27 Juni 2025 | 10:08 WIB

Dorong Kinerja Tahun 2025, Solusi Bangun (SMCB) Genjot Penjualan ke Pasar Ritel

PT Solusi Bangun Indonesia Tbk (SMCB) berupaya mempertahankan kinerja operasional dan keuangannya di tengah kelesuan pasar semen di Indonesia.

Danantara Kucurkan Dana Investasi US$ 120 juta Untuk Pertamina Geothermal (PGEO)
| Jumat, 27 Juni 2025 | 09:58 WIB

Danantara Kucurkan Dana Investasi US$ 120 juta Untuk Pertamina Geothermal (PGEO)

Chief Investment Officer Danantara, Pandu Sjahrir menegaskan, nilai investasi untuk PGEO telah disepakati beberapa waktu lalu.

Medco Energi (MEDC) Akuisisi Hak Partisipasi Repsol di Blok Corridor
| Jumat, 27 Juni 2025 | 09:52 WIB

Medco Energi (MEDC) Akuisisi Hak Partisipasi Repsol di Blok Corridor

 Akuisisi tersebut bernilai US$ 425 juta atau setara Rp 6,89 triliun dengan penyesuaian sesuai praktik yang berlaku.

Merry Riana Education (MERI) Siap Menggenjot Bisnis Pasca IPO
| Jumat, 27 Juni 2025 | 09:44 WIB

Merry Riana Education (MERI) Siap Menggenjot Bisnis Pasca IPO

Manajemen PT Merry Riana Education Tbk (MERI) menargetkan penggunaan dana dari hasil IPO untuk ekspansi usaha.

Tantangan Masih Mengadang Prospek Lorena (LRNA) di Sisa Tahun 2025
| Jumat, 27 Juni 2025 | 09:38 WIB

Tantangan Masih Mengadang Prospek Lorena (LRNA) di Sisa Tahun 2025

PT Eka Sari Lorena Transport Tbk (LRNA) tengah berjuang menghadapi berbagai tantangan berat di industri transportasi darat berbasis bus.

Masih Merugi di Kuartal I-2025, Emiten Investasi Bersiap Membenahi Kinerja
| Jumat, 27 Juni 2025 | 09:30 WIB

Masih Merugi di Kuartal I-2025, Emiten Investasi Bersiap Membenahi Kinerja

Di sepanjang tiga bulan pertama tahun 2025, mayoritas emiten portofolio investasi masih mencatat kerugian. 

INDEKS BERITA

Terpopuler