Yusuf Mansur Invites Investors To Collect BUMN Shares: PP Properti Is Easy But Fun, Just Beat It

Ustaz Yusuf Mansur. (Photo: Instagram @yusufmansurnew)

JAKARTA - Ustaz Yusuf Mansur is frequently discussing the Indonesian capital market. Most recently, one of the religious leaders invited market players or investors to buy shares of State-Owned Enterprises (BUMN), especially those at low prices.

Quoted from Yusuf Mansur's upload on his personal Instagram account, he said there were a number of BUMN shares that were cheap, so that the public, especially retail investors, had the opportunity to own these shares, even if only 1 lot or 100 shares.

"If BUMN or its subsidiaries perform smoothly, Alhamdulillah we can say: 'We have shares there, tsaaaaah. Hahahaha'," wrote Yusuf Mansur, Wednesday, December 2.

The BUMN shares that Yusuf Mansur meant were PT PP Properti Tbk. The issuer with the PPRO share code is a subsidiary of PT PP (Persero) Tbk (PTPP).

Whether because of Yusuf Mansur's suggestion or not, at the close of trading today, PPRO shares closed up 9 percent to the level of Rp109. PPRO's total share trading reached 2.55 billion with a transaction value of IDR 270.51 billion.

Previously, the old PPRO shares were at the gocap level. PPRO shares first fell to level 50 on February 27, 2020.

Since then, PPRO's shares have remained at the level of 50 per share. PPRO began to move up since November 16, 2020 when it rose 6 percent to level 53.

"PPRO is a dime, but I think it's fun too. Just beat it. Try to concentrate first. We'll joke around in other shares," said Yusuf Mansur.