Permohonan Kasasi Ditolak, Sritex Resmi Dinyatakan Pailit

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"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Selasa (24/12/2024) dengan Tema Permohonan Kasasi Ditolak, Sritex Resmi Dinyatakan Pailit"

Transcript

00:00The Supreme Court of Sumarang rejected Sri Teks' request for a pilot.

00:05Meanwhile, a petition by PT Sri Rejeki Isman Tbk,

00:09also known as Sri Teks, was rejected by the Supreme Court.

00:12Thus, Sri Teks was officially declared as a pilot.

00:15The petition is related to the decision of the Supreme Court of Sumarang,

00:19which declared the largest textile company as a pilot.

00:23The decision itself was read in court on December 18, 2024.

00:28Sri Teks was officially declared as a pilot after the Supreme Court of Sumarang

00:32rejected Sri Teks' request for a pilot.

00:42Before we discuss the election,

00:44we invite you to look at some global economic agendas as follows.

00:48And we know that tomorrow is Christmas for the Asian region, including Indonesia.

00:55So there are many holidays,

00:57including holidays from the United States, Germany, Hong Kong, Singapore.

01:02And then, of course, we can see today

01:06there is also the trust of consumers from South Korea in December.

01:09IHK Inti, Bank of Japan, or from Japan.

01:13Next, let's look at the METN agenda.

01:16There are low PR UPS, BBR IKUM cash dividends,

01:19AMARKUM cash dividends, GMF EDPS, HMETD.

01:22Then there is the payment of bonus shares from UFOE.

01:27An update from the Asian Stock Exchange that may reflect

01:29what the movement of IHSG will be like later.

01:33Nikkei, we see the share price fell by 0.09%.

01:40We look at Stratetimes, Kospi, Hang Seng, this is different.

01:53Yes, the share price was rejected by Stratex, Resmi Pilot.

01:57We will interview Mr. Gembong Suwito,

02:00Director of Education and Investment, Salmology.

02:02Good morning, Mr. Gembong.

02:04Good morning, Mrs. Prisa.

02:05Thank you for your time.

02:06It's not holiday yet, right?

02:07Not yet. Today is the last day.

02:09Today is the last day.

02:11How do you see the update from Stratex,

02:15whose share price was rejected by Resmi Pilot so far?

02:20Yes, it's the furthest way for Stratex.

02:22And it's a waste of time.

02:26If we talk about the law,

02:28it's a mechanism that can only be met with a return investment.

02:32But the process will be long.

02:33It's a waste of time.

02:35Now the curator is working.

02:38So the government must take concrete steps.

02:42Not just like hope,

02:46but directly concrete.

02:48Where he can take concrete steps to save Stratex.

02:54For example, the curator and others must be found as soon as possible.

02:59And the Goin' Concern business must also be done as soon as possible.

03:04Why?

03:05Because the longer it takes, the more the raw materials run out.

03:08With Pilot's status,

03:10it's a bit difficult to talk about Goin' Concern business.

03:13For example, raw materials.

03:16It will be difficult for him to find raw materials with Pilot's status.

03:20Here is the concrete role of the government

03:23to ensure the demand and cash flow of Stratex.

03:28If not, the PHK in front of you will definitely happen.

03:32What strategic steps must be taken by the government?

03:35Because some time ago,

03:37the Ministry of Labor stated that

03:45this is related to the shortage of PHK.

03:48Various mitigation steps.

03:49But do you see what strategic steps should be taken by the government?

03:54We divide it into two.

03:55Between short-term and long-term.

03:57Short-term first.

03:58This is already included in the Pilot category.

04:02Then the curator will work on inventorying and all its assets.

04:06Then there must be negotiations.

04:08The government and the curator to ensure that the process is still smooth.

04:13That's the first.

04:14The second is related to debt.

04:16Especially in banks.

04:19It's like being assessed by the government.

04:25This should be a debt restructuring.

04:27The third is related to raw materials.

04:30How to ensure that the raw materials of Stratex are still available

04:34so that there is production.

04:36Why?

04:37If there is no raw material that enters,

04:39there is no production process,

04:40then it's just a matter of time.

04:43And the fourth and most important is,

04:45when the results of Stratex,

04:47who will absorb the products?

04:50Why?

04:51Because we are talking about export or domestic countries that are in a slump right now.

04:57The problem is there.

04:59For related to labor,

05:01the government must prepare related to labor camps,

05:07related to the possibility of PHK.

05:11It must be fast, structural, and concrete.

05:14So if the government hopes, for example,

05:17not to be PHK or business going concern,

05:20but how to do it?

05:21So far there is no concrete step.

05:24This is a momentum.

05:26Why?

05:27Because Stratex with 30,000 employees is the largest in the textile industry.

05:32And now the textile industry is bleeding.

05:3529 textile companies are now bleeding.

05:38This is where concrete steps from the government are needed to save.

05:41Okay, concrete steps that are expected from the government,

05:43not just embezzlement.

05:45Okay, Pak Gembong,

05:47how do you assess the impact on the psychological market,

05:51especially those who have invested in this Stratex stock?

05:56What do you think the next opportunity of Stratex?

06:01What do you think it will be like in our capital market?

06:06Okay, if we talk about Stratex,

06:08then actually the textile production sector is in trouble right now.

06:18From the condition of Stratex itself,

06:20it has been suspended for 42 months.

06:24This means that if we talk about the stock market regulations,

06:27above 42 months,

06:28then there is already a potential for delisting.

06:31That's the first.

06:33The government and the stock market as a regulator

06:37have re-embezzled related to Stratex.

06:41How is it going to be in the future?

06:44The explanation is related to how the company wants to be run,

06:49the steps,

06:51because this is already a special notation.

06:55The special notation has been suspended for 42 months.

06:59If there is no explanation from the management of Stratex,

07:03then it is very likely that this will be delisted.

07:05This will be delisted.

07:07Well, the fate of the stockholders who may still be there

07:11and have not yet been able to leave Stratex,

07:14usually when the stock has negative problems like this,

07:19how is it, Mr. Gembong?

07:21And what are the long-term anticipation steps?

07:23For example,

07:25as investors,

07:27when we look at the stock,

07:29at first, before the pandemic, it was just fine.

07:31It turns out that after the pandemic,

07:33Stratex is like this.

07:35Yes, this happens a lot in some companies

07:38that are already suspended or even delisted.

07:42The explanation is outside the company, in my opinion.

07:46Why?

07:47Because investors,

07:49the group of investors must talk

07:52about the legal mechanism,

07:54what are the legal steps.

07:56But this is a bit heavy and long.

07:58Because the legal relationship in Indonesia is quite long.

08:02And this is indeed one of the risks.

08:04When talking about investment in the capital market,

08:08one of the risks is delisting.

08:10Well, this is the need,

08:12like meeting things,

08:15stock management, investors, and Stratex

08:18to be able to discuss.

08:20Why?

08:21Because this will be a problem for the future

08:24that will be faced by investors.

08:26If there is a listing, what is the fate?

08:28Of course, the solution is outside the stock market.

08:31Something like that.

08:32For those who are investing right now,

08:36because of the hundreds of stocks in the Indonesian stock market,

08:40must be selected.

08:41Which is not to have a bad fundamental synergy.

08:47What are the signs when the emittance

08:51must be observed that the tendency is already negative?

08:55For example, there is a potential for a delisting,

08:58or a pilot like Stratex right now.

09:01What are the signs?

09:02We talk about the company,

09:05then the performance of the company's financial report

09:08becomes a mirror.

09:10That's what exists.

09:12How is the loss report?

09:14How is the balance?

09:16Is it a lot of assets or a lot of debts?

09:20For example, our simplest example.

09:22Look at the fundamentals of the financial report,

09:26especially in terms of income settlement.

09:30Losses or losses of the company.

09:32If the company's losses go down,

09:36even losses continue to grow,

09:38that's the first sign.

09:39The second, from the debt side.

09:43The asset report is related to the asset liability,

09:47especially the debt.

09:48Is there a significant increase?

09:51Usually the second sign is that the debt continues to increase.

09:54The performance has dropped, the second is debt.

09:58The third is related to the future story.

10:02Is there a positive prospect?

10:05If not, it becomes the third sign.

10:08The fourth is a special notation.

10:11The stock market routinely provides a special notation.

10:16For example, late financial report,

10:19late pullback, etc.

10:22That's the fourth.

10:24If there are four signs,

10:26and now there is FCA which is faster,

10:29accelerating from the beginning.

10:32For example, the suspension was only 50,

10:35now it can be one.

10:37These five signs must be observed by the investor.

10:42If not, there will be a risk of delisting,

10:46and the solution is outside the stock market.

10:48So if there are signs, don't deny it.

10:51You have to be vigilant.

10:54Okay, let's move on to the joint stock index,

10:58where the stock market is strengthening,

11:00preceding the Christmas holiday in the quiet market.

11:03Is there a chance for IHSG to continue strengthening, Mr. Gembong?

11:06Yes.

11:07If we talk about the calendar,

11:09this is only a two-day, three-day calendar.

11:12Usually, the trader is quiet.

11:15But this year is an anomaly.

11:18Similar to 2021.

11:21Usually, December is window dressing.

11:25Yes, that's right.

11:27Window dressing, Santa Claus Rally.

11:29Santa Claus Rally.

11:31Why is it quiet this year?

11:34Why?

11:35Because the capital outflow is quite consistent,

11:39especially in the big bank.

11:41But if we look at IHSG,

11:43in the next three days,

11:45the potential of positive closing is still possible.

11:48The condition is from the big bank,

11:51all positive catalysts have been disbursed.

11:57For example, the BJA Interim Debit is 20 rupiah,

12:02and the BRI Interim Debit is 135 rupiah.

12:05There is only one foreign investor in the capital inflow.

12:11This is a positive sign, but it's thin.

12:14But it's thin.

12:15But it's thin.

12:16Okay.

12:17So what makes this foreign investor

12:19not yet too maximal

12:24to return to the Indonesian market?

12:26Because it's much more interesting outside right now.

12:30I see there are a few BKBs there.

12:32Stay with us, we'll be right back.

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