The Great Figure Of The Positive Trend Of The Issuer As A Cuan Printer?

Illustration (Photo: Doc. Antara)

JAKARTA First recorded on January 27, 2023, issuer PT Jasa Berdikari Logistics Tbk (LAJU) continues to show a positive trend as one of the cuan printers on the Indonesia Stock Exchange (IDX).

PT Jasa Berdikari Logistics Tbk (LAJU) submitted a monthly report on the registration of securities holders, where there are big names such as Djoko Susanto, founder of Alfamart and several members of his family and Mrs. Marina Budiman, a DCII official who is also the richest woman in Indonesia according to Forbes 2021 magazine.

On Thursday, February 9, LAJU shares closed at a price of IDR 206 per share, an increase of 19.08 percent.

This information allegedly contributed to the occurrence of rally on Friday, February 10, 2023. When the Composite Stock Price Index (JCI) at the close of trading in the afternoon ended lower in the red zone with a decrease of -0.25 percent, the issuer PT Laju as a debutant actually experienced an increase of 18.45 percent, closed at a price of IDR 244 per share.

Fundamentally, PT. Jasa Berdikari Logistics Tbk. (LAJU) is a supporting service for retail businesses such as Alfamart (AMRT), Indomaret (DNET) and Alfamidi (MIDI).

PT LAJU has even been the backbone of Alfamidi (MIDI) logistics since 2010.

In line with the government's agenda of maintaining public consumption in dealing with the world's recession in 2023, it is believed that it will encourage retail industry growth in 2023.

Stock movements related to retail and logistics are also reflected at the end of 2022. On December 6, 2022, for example, PT. Multi Medika Internasional (MMIX) recorded an IPO and attracted attention because this company is the license holder for merchandise for Korean KPOP artists such as Hybe, BTS, Black Pink and others in Indonesia.

These products are widely sold through the modern retail networks Alfamart, Alfamidi and Indomaret. Until the close of the market on Friday, February 10, MMIX has increased by almost 300 percent from its IPO offering price.

Sementara saat ini LAJU sudah mengalami kenaikan sebesar 244 persen dari harga IPOnya.

These two issuers have the same story as the existence of figures and also fundamentals that are relevant to economic conditions in 2023.

Optimistic positive national economic growth trends can continue this year with the impact of the increasing logistics business sector also believed by the Indonesian Logistics and Forwarders Association (ALFI).

The chairman of DKI Jakarta's ALFI DPW, Adil Karim, said that the domestic industrial downstream program will encourage and at the same time stimulate the supply chain activities of domestic products.

"Strengthening the domestic industry plays a very important role in countering the issue of the threat of a global economic recession this year," said Adil.

Adil added that business activities, including the logistics business sector in Indonesia, will continue to grow in 2022, along with the national economic growth rate which reached 5.31 percent.

Previously, Institute for Development of Economics and Finance (Indef) researcher Agus Herta Sumarto thought that the positive movement of the company's shares was often influenced by the owner's figure or related to certain parties.

"The expansion of a stake is usually based on the company's performance and projection or expectations of future performance results," he said.

According to Agus, these expectations often lead to subjective assessment elements, in addition to a measured assessment of the fundamental aspects of stocks objectively.

"Who is the owner, who is the top management, whether there is a closeness to the authorities or not, these subjectivity elements often affect stock price movements beyond its fundamental factors," said Agus.