"Saksikan tayangan kami Official Youtube IDX Channel di Program 2nd Session Closing, Selasa (16/07/2024) dengan Tema BREN Habiskan Seluruh Dana IPO Rp3,08 Triliun".
00:00From the topic of choice, we turn to the information that Miten has selected and is still related to our topic of choice today.
00:06Where PT Barito Renewable Energy Tbk or BREN has realized an IPO fund of Rp 3.08 trillion per June 30, 2024.
00:16And what is the allocation for? Let's take a look at the following broadcast.
00:20It is quoted from the open information of the Indonesian Effects Agency, the Director and Corporate Secretary of PT Barito Renewable Energy Tbk or BREN Merli said
00:33the company has made a capital allocation to Barito Wine Energy or BWI through the allocation of the new shares or shares allocated, worth Rp 497.38 billion.
00:46All the funds are used by Barito Wine Energy to pay the range B facilities from BNI Bank, worth Rp 453.06 billion.
00:55And for the general needs of Barito Wine Energy Corporation, Rp 44.32 billion.
01:01Thus, the balance of the general supply of shares or IPOs until June 30, 2024 is Rp 0.
01:08In May, BREN was reported to have made a capital allocation to Start Energy Group Holding PT.LTD, a child entity worth Rp 2.58 trillion.
01:18There is also a balance of the general supply of funds until May 2024, Rp 497.38 billion.
01:25The balance of the funds is placed in BREN's account at Bank Indonesia.
01:29As reported, BREN received IPO funds on October 9, 2023, worth Rp 3.13 trillion, reduced emissions costs to Rp 49.31 billion,
01:40so that the IPO funds amounted to Rp 3.08 trillion.
01:46All IPO funds as capital allocation to SEGHPL are worth Rp 1.11 trillion and Rp 1.96 trillion
01:54to pay some of the debt obligations related to Facilities B to Bangkok Bank Public Company Ltd.
02:08From the development of the fundamental, we immediately go to the development of the technical side for BREN.
02:14Today, it experienced a sufficient correction, even intraday, weakening by more than 6%.
02:19And in the last week, in the first session this afternoon, the weakening was above 11%,
02:24then the latest update with the continuous weakening in the second session closing,
02:29in a week, BREN has weakened by more than 14%.
02:33Let's just go straight to the first graphic, we will try to see how the intraday movement throughout the period.
02:39Today, the closure in the first session this afternoon and also the update of BREN's movement in a few minutes after the closure in the second session.
02:47If you look at the graphics on your television screen, it was opened in the first session this morning at 9,150.
02:55This position actually experienced a strengthening compared to the previous closing position at 9,050.
03:03Then in a few minutes, it moved in the green zone, strengthening to 9,175.
03:10However, this position did not last long, at 10 o'clock, BREN immediately returned to the red zone,
03:15pressed to 8,900. At 11 past 10 minutes, it was pressed to 8,725.
03:23The weakening was more to the limit at 11,030, at 8,800, until the closure of the first session this afternoon at 8,775.
03:32And the weakening was more to the limit at 8,800 at the opening of the second session.
03:38However, in two hours following the closure of the second session,
03:42the position of BREN experienced a strong pressure again, even intraday, it was able to touch the lowest level at 8,500.
03:52The current position at 8,575 is weakening at 5.25%.
03:59Let's move on to the next graphic, we will try to see how the movement of BREN's stock in the last few months.
04:05The high volatility for BREN increased significantly, then again experienced a correction that was quite deep.
04:12To the next graphic, in February, it was still traded at the level of 4,000, in March, it moved above the level of 6,000.
04:20In April, it was again pressed to 5,000, 5,400, precisely on April 1.
04:27In May, it again jumped significantly at 9,875, even its peak at 22 May, it has touched above 11,000 at 11,250.
04:38However, in June, it again experienced a fairly deep correction at 7,950, and today also experienced a fairly deep correction.
04:46After previously, BREN's stock tried to hold for some time above the level of 10,000,
04:52it was pressed to 8,500, 8,800 at the opening of the second session.
04:57How about the valuation of BREN?
05:01The valuation is estimated to have entered the premium level.
05:05Let's move on to the next graphic, we will try to see from the position, the price-to-earning ratio is above 600, precisely at 643.54.
05:16The PSR is 127.03, while the PVV is around 156.54, and the PCFR is 205.42.
05:26The combination is fundamentally technical, and also from the valuation side, and hopefully it can be one of your references.
05:38We will be back and stay in your place, because after this we will review how the trade has been going all day.
05:44Where the Samkamuan family continued the deep correction, precisely at 30 minutes of the closing of the trading session on the second day.
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