00:00Indonesian Stock Exchange
00:05We are still in IDX Season Closing.
00:07Let's go to the topic of your choice,
00:09where the Financial Services Authority
00:11officially re-buy or buy-back the stock
00:14without having to consult with the Stock Holders Association or RUPS,
00:18where the policy as a response to the heavy pressure
00:21that has hit the stock trade in the Indonesian stock exchange since September last year.
00:26Financial Services Authority
00:29The Financial Services Authority issued a special regulation
00:32that allows open companies to re-buy or buy-back the stock
00:36without the consent of the Stock Holders Association.
00:39The relaxation was carried out especially in an extreme market situation.
00:43This policy is considered not a new thing,
00:46but it has been tested at the beginning of the COVID-19 pandemic in 2020.
00:52The Executive Head of the Capital Market Supervision,
00:54Derivative Finance and Carbon Exchange,
00:56Financial Services Authority, Inar Nojayadi,
00:58said that the situation in the market is fluctuating,
01:01meaning it has been going on for six months
01:03since the date was issued, which is March 18, 2025.
01:08Then we announced the policy that
01:12open companies can re-buy the stock or buy-back
01:19without the consent of the Stock Holders Association
01:23in accordance with Regulation No. 7 of POJK No. 13 of 2023.
01:31The implementation of buy-back without RUPS
01:33must also comply with Regulation No. 29 of POJK No. 2023
01:41on the re-buy of the stock issued by open companies.
01:47As we know, many banks will buy-back their stocks
01:51in the middle of the index of joint stock prices that fell in the last few days.
01:56Some of them are
01:57PT Bank Rakyat Indonesia Persero TBK or BBRI,
02:00PT Bank Mandiri Persero TBK or BMRI,
02:03PT Bank Negara Indonesia Persero TBK or BBNI,
02:06PT Bank CNB Niaga TBK or BNGA,
02:10and PT Bank OCBC NISP TBK or NISP.
02:15This is a positive sign that stockholders are committed
02:18to implementing deregulation
02:20as well as de-bureaucratization
02:22in the implementation of buy-back without RUPS.
02:26With the existence of buy-back,
02:28it is expected to be able to increase liquidity in the real estate market,
02:31especially if the stock has good fundamental performance
02:34but the movement of the stock is below fair value.
02:37Not only that, the relaxation policy of buy-back without RUPS
02:40is also expected by OJK and BI to give a positive signal
02:44that the company has good fundamentals
02:46and gives market confidence to investors.
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