Learning From The Euphoria Of The Rising Of Bukalapak's Shares To Finally Falling Below The IPO Price, These Are Tips From Manulife

Illustration. (Photo: Doc. Bukalapak)

JAKARTA - Investment Manager Company (MI) PT Manulife Aset Manajemen Indonesia provides tips for beginner stock investors, especially millennials and Gen Z, so that they are not easily tempted to get big cash in a short time.

"Always remember the basic investment principle of high risk-high return. If there is an investment offer with high yield potential or even beyond reason, we must always be vigilant. Behind the high potential return, there is also a high risk potential," said Chief Economist & Investment Strategist Katarina Setiawan was quoted from Antara, Wednesday, August 18.

In addition, Katarina advises investors to get used to doing research on investment products or instruments before buying, so they can get to know the product or instrument and make better investment decisions.

In addition, he continued, investments must be adjusted to the objectives, timeframe, and risk profile of each.

"Novice investors who are new to investing or are new to investing, ideally start from low-risk or conservative investment instruments. Gradually, after getting to know and understand the chosen investment, please move up to a higher-risk investment," said Katarina.

He explained, investment and speculation are two different things. Speculation is more of a short-term profit-seeking, while investment is more of a long-term nature that is adjusted to the risk profile and financial goals of investors.

"Think of speculation as a 100-meter sprint race, while investment is a 42 km marathon. Both have different strategies to be successful," he said.

According to Katarina, a good investment already integrates aspects of personal financial planning to determine investment decisions. So various factors such as financial goals, investment period, liquidity needs, and risk profile, are important factors that are taken into consideration. Therefore, the level of investment risk can be reduced by good planning.

"Meanwhile, speculation is short-term and chancy. Speculators' actions are usually driven by rumors and without good planning or research. Therefore, the level of speculation risk is relatively high, it can earn big profits and vice versa can also cause big losses," said Katarina.

He considered that currently there are still not many people who know or do not understand about investment, so it is very vulnerable to fraud in the name of investment, or speculation that is considered an investment.

"We have an educational module that we call 3i, namely insyaf, efficient, invest, which was launched in 2013. We teach people from various walks of life the investment process. Starting from being aware of, and being aware of an excess lifestyle, then continuing to be more efficient or frugal , until the remaining funds are then invested for a bright future," said Katarina.

Bukalapak stock ups and downs

The shares that are still being discussed at this time are PT Bukalapak.com Tbk (BUKA) shares which are in great demand by investors where at the time of the initial public offering or IPO, the demand for shares was oversubscribed by 8.7 times with orders from more than 100,000 investors.

Bukalapak released 25.76 billion shares to the public at an offering price of IDR 850 per share. The funds raised from the IPO reached around Rp 21.9 trillion.

During the initial listing on the stock exchange on August 6, 2021, BUKA's shares rose 210 points or 24.71 percent or were subject to the Upper Auto Rejection (ARA) limit to Rp 1,060 per share. On Monday, August 9th, the shares of BUKA were again hit by ARA at the level of Rp.1,325 per share.

After that, BUKA shares corrected in the last few days to touch the level of Rp910 per share in line with foreign selling which reached Rp1.94 trillion. A number of retail investors, the majority of whom are millennials and Gen-Z aged 20-39 years, seem to panic and feel aggrieved, even protesting in the Bukalapak application review column on Playstore.

Even today, BUKA's shares fell 6.74 percent below the general offering price to the level of Rp. 830 per share. OPEN shares were again subject to Lower Auto Reject (ARB) for the umpteenth time.