Observing Investment Opportunities In Semester II 2022, Champ Resto Optimistic To Achieve Positive Performance

Issuer Talk event at Monsieur Spoon Resto, Thursday 28 July. (Photo: Special)

JAKARTA - The Indonesia Stock Exchange (IDX) is the stock exchange with the highest number of IPO shares and the highest fundraised in ASEAN. On the other hand, the global economic turmoil still haunts the performance of issuers on the Indonesian stock exchange.

IDX itself targets that by 2022 there will be 55 companies that will IPO. As of July 27, 2022, there are 29 companies listed on the Indonesia Stock Exchange.

Even now, there are 36 companies in the pipeline or waiting in line to list shares on the IDX. In addition, there are 55 companies that have recorded 73 issuances of Debt Securities and Sukuk (EBUS) and there are still 19 companies that are in the EBUS Listing pipeline.

There are two main concerns of market participants today. The first is the increase in the Fed Rate and the second is the concern that the 2022 quarter performance is below analyst expectations.

The increase in the Fed Rate is expected to continue for the next few months or until there are indications of a decline in inflation in the US. Previously, US inflation rose to 9.1 percent yoy in June 2022, the highest since 1981. Anticipation of an increase in the Fed Rate is also a major concern for market players in Indonesia.

Responding to the current recession threat situation, Christopher Supit, CFO of F&B issuer PT Champ Resto Indonesia (ENAK) said that the effects of a global recession do exist, but so far his party is more concerned that the company is following local seasonality of traffic. For example, during the Omicron lockdown, restaurants are quieter, and vice versa during religious holidays and school holidays, restaurants are busier.

"However, although the effects of the global recession are not significant, we continue to improve our internal efficiency, which we have improved since the outbreak of the pandemic. With that, we believe that we are better prepared than pre-pandemic," Christopher said at the event of Issuer Talk at Monsieur Spoon Resto, Thursday 28 July.

Regarding the achievement of ENAK as an issuer until this July, he stated clearly that the financial report for the first semester of 2022 will be released this week.

"So it can be seen directly how ENAK's actual achievements throughout the first semester of 2022. This achievement is certainly still very positive. In addition to the economy which has begun to recover since the pandemic, the company is also quite aggressive in expanding to maintain the level of achievement," he explained.

There are many Gokana and Raa Cha outlets opened throughout semester 1, especially in areas outside Java and second tier cities in Java. You can also see the expansion rate of Monsieur Spoon in the Jakarta area throughout the first semester, coupled with the launching of the sub-brands Monsieur Spoon Dewata and Croco.

"The company remains optimistic about our initial target in 2022, by increasing the company's expansion rate and continuing to make our internal efficiency efforts," said Christopher.

Furthermore, Christopher said, with the recovery of post-pandemic conditions, ENAK must be able to take the moment where people start to get excited again.

"The need for F&B is something that is impossible not to be sought after by the community, therefore we continue to expand. Until the first semester we have opened 19 new stores and in the second semester more stores will be opened. Our track record in 2019 can be open up to 82 stores and until June 2022 we have 285 F&B stores. We believe the potential for Champ Resto is still very large, it can expand further in the future," concluded Christopher Supit.