The Pandemic Moves, Mobility Moves, Issuer Performance Soars

Photo: Doc. IssueNews

JAKARTA - The COVID-19 pandemic is starting to move, mobility is moving, so the performance of issuers has started to soar. Such was the theme raised in the "Emiten Talk", which was held at Monsieur Spoon Jakarta, Thursday 11 August.

On this occasion, the General Manager of IssuerNews, Nicky Hogan said, the importance of the role of analysts and the press to continue to increase knowledge and information about the capital market. Because quoting the President Director of the IDX, in his remarks on the 45th anniversary, of the 4 million active investors, only about 10 percent are active.

"There are still many investors who need knowledge and information so that they can be active," said Nicky when opening the 2nd Issuer Talk series.

In addition, he also said that this event was a good moment for the media, analysts, issuers and stakeholders to share experiences and knowledge to face the challenges ahead.

Hendrik Alexander Mboi, COO of PT Champ Resto Indonesia Tbk (ENAK) who was present in the discussion said that one of the blessings his company was able to survive in the midst of the pandemic situation for the last 2 years was the already good relationship with stakeholders.

"That is why during this 2-year pandemic, Champ Resto did not reduce employees or terminate contracts," said Alexander.

Until now, the company that houses the "Gokana" and "Racha" restaurant brands, has employed 6,000 people and has 300 outlets.

"Good relations with suppliers and employees are the key words, so the company is very helpful. We can work with suppliers and employees also with a high awareness of ownership, they are able to make efficiency on all fronts, so we don't fire employees at all" , said Hendrik.

In line with Hendrik, CFO of PT Cisarua Mountain Dairy Tbk, Bharat Shah Joshi also admitted that one of the keys to the resilience of the company that produces Chimory yogurt is good relations with suppliers, even though the current situation has not recovered as he expected.

However, Bharat along with the directors of other issuers are determined not to increase product prices, even though since the war between Russia and Ukraine, the prices of raw materials have begun to be felt.

"We, the directors, think long term. If we increase the price of this product, it is a short term solution," said Bharat.

They prefer to think about the long-term impact in addition to the financial condition which is still quite helped by the condition of financial cash which is still quite durable. In addition, the company remains optimistic, considering the number of Indonesian people's milk consumption which is still far below Malaysia and Singapore.

Based on BPS records, for 2020, the total consumption of our people is still at 16.27 kg per capita per year. While Malaysia, 36.20 per capita per year and Singapore 50 kg per capita per year.

On this occasion, Bharat also expressed his optimism in facing the challenges ahead given that the skills and competencies of the company's human resources are not inferior to those of multinational companies.

"In the past, maybe our human resources were far inferior to multinationals. But now we see they have more adequate skills and are able to think strategically quickly. This we prove we are able to survive in the midst of difficult situations but they are able to quickly make decisions when Multi-national companies are still rethinking," he said.