00:00From the topic of choices, we turn to the information related to the choice of buyers and this is still related to the brand
00:10related to the details of why it was removed from the RASO version
00:14and the Financial Time Stock Exchange or Futsi RASO
00:18issued the PT Barito Renewable Standard QTBK stock or brand from the Constitutional Registration of the Global Equity Index Indonesia
00:26Why was it removed from the Futsi RASO index?
00:28Because it is considered to not meet the Free Float conditions
00:36Quoted in a statement written by Futsi RASO summarized from various sources
00:41PT Barito Renewable Energy QTBK or brand is considered to not comply with the Free Float Restriction
00:47or Minimum Limit Restriction, a stock owned by public stockholders
00:53This is related to the High Stock Holder Concentration Regulation and Futsi RASO Re-calculation policy
01:01This regulation is to avoid the high concentration of certain stockholders in the stock which is the constituent of the Futsi index
01:10Futsi estimates that there are 4 stockholders who control 97% of the total stock issued
01:16Therefore, the brand was removed from the Futsi RASO index effective from September 25, 2024
01:24Previously, the brand was scheduled to enter the Futsi Global Equity Series Large Cap Index
01:30which will take place on September 20, 2024
01:33and effective on September 23, 2024
01:38Some brands were included in the change in June 2024
01:42but then canceled due to the entry of a special full call option regulation board of the Indonesian Stock Exchange
01:51Various sources, IDX Channel
01:57In the investigation, it seems that the response from investors during the recent days is quite negative
02:01The brand has experienced a significant weakness and even experienced an auto-reject by investors
02:07where technically previously the brand has experienced significant strength
02:12Let's go straight to the first graph
02:14We will try to see how the movement of the brand shares throughout today's trading
02:21In today's trading, the movement of the brand shares on September 19 or the closing of the previous day
02:27The brand was closed at level 11,025
02:30At 9 o'clock, it was opened at 10,200
02:33then immediately experienced a fairly deep correction to 9,475
02:39At 10.30 o'clock, the brand continued to weaken to 8,825
02:45In the middle of the internal weakness that occurred, the brand shares recorded an auto-reject
02:49and at the same level until the closing of the first session and the opening of the second session
02:53and until the current position, the brand shares are still moving at the same level
02:59Let's move on to the next graph
03:01We will try to see how the movement of the brand shares in the last few months
03:06where the brand shares have experienced significant strength
03:10In the last trading session, it was still traded at 5,000
03:13On May 22, it experienced significant strength at 11,250
03:18In June, it experienced a fairly deep correction to 6,050
03:24In July and August, it experienced strength at 7,000
03:30Even in September, the brand shares experienced significant strength
03:36up to 11,900 shares
03:41However, on September 20, it experienced a fairly deep correction
03:45The negative sentiment seems to burden the brand shares
03:48Today, it experienced a fairly deep correction at 8,000 again
03:52by experiencing an auto-reject
03:54We will also try to see from the valuation side
03:56where the brand shares are said to have a premium valuation
04:03We will try to see from some indicators
04:05The price-to-earning ratio is at 617.73
04:10The PSR is at 123.83
04:13Even the PBV is above 100
04:16at 148.46
04:19and the PCFR is at 321.81
04:23This is a fundamental technical combination
04:25from the valuation side
04:27and hopefully it can be a reference for you
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