Antam Affirms Not Endorsing Kaesang

Children President Joko Widodo (Jokowi), Kaesang Hope. (Photo: Instagram @kaesangp)

JAKARTA - The youngest son of President Joko Widodo (Jokowi), Kaesang Pangarep has recently been increasingly recommending shares of the company PT Aneka Tambang Tbk (Antam). This raises a public question, whether Kaesang was endorsed by the gold and nickel producer company?

Antam's SVP of Corporate Secretary Kunto Hendrapawoko also spoke up. He denied that the company endorsed Kaesang to promote Antam's shares.

"It can be said that Antam has not endorsed anyone for the promotion of the company's shares. We really appreciate the positive public response to Antam's shares in line with the improving outlook for the economy and the stock exchange in early 2021," he said, when contacted by VOI, in Jakarta, Tuesday, January 5.

Furthermore, Kunto said, Antam will always focus on optimizing the production and sales performance of the main nickel, gold and bauxite commodities in 2021 through the implementation of consistent health protocols.

"In 2021, Antam will also continue to increase the added value of products, and implement strategic policies related to proper and efficient cost management in line with the COVID-19 pandemic situation to be able to continue to record positive performance so that it can provide optimal returns for stakeholders and shareholders. , "he said.

As is known, in his personal Twitter account, Kaesang announced that he would add to his investment portfolio in the shares of PT Aneka Tambang Tbk (ANTM). He conveyed this after, one of the netizen accounts with an account named @morningkixxx asked whether he still held ANTM's shares after being bought some time ago.

"This morning I added my load on $ ANTM," replied Kaesang via his Twitter account, which was posted today, Monday, January 4.

Apart from the stock recommendation action from Kaesang, ANTM shares actually performed brilliantly amid the strengthening trend of gold prices and Antam's participation in the electric battery project.

Quoting Bloomberg, global gold prices had strengthened 6.6 percent in December 2020, and 25 percent higher during 2020, the biggest full-year increase since 2010. The increase in gold prices in December 2020 was supported by the decline in the US dollar to its lowest level since April 2018. .

Aneka Tambang also joined the BUMN consortium in the electric battery project worth US $ 9.8 billion or around Rp. 138.18 trillion (estimated exchange rate of Rp. 14,100 per US dollar) in collaboration with LQ Energy Solution.

Throughout 2020, ANTM's shares rose 130.36 percent. Foreign investors also entered with a net buy of IDR 90.97 billion throughout 2020.