Turunkan Utang, PTPP Jual Aset Lebih Besar di 2024
PT PP (Persero) Tbk (PTPP) berencana, melanjutkan penjualan aset di 2024, dalam menurunkan utang yang dimiliki perusahaan. Per September 2023 PTPP tercatat, memiliki liabilitas atau kewajiban utang sebesar 44,21 triliun.
Category
📺
TVTranscript
00:00 We move on to the information of the auditors' request, where the construction request of BUMN PT PP Persero TBK or PT PP plans to continue asset sales in 2024 by reducing the debt of the company.
00:13 Per September 2023, PT PP was recorded to have a liability or debt obligation of 44.21 trillion rupiah.
00:26 Quoted from the public statement of the Perseroan Director of Corporate Strategy and HCM PT PP Persero TBK, Sidur Linda Gustina stated that Perseroan will invest assets in increasing the cash flow and tightening the business portfolio.
00:40 One of the assets that has been released is the PT Synergy Investment Property share of 90,800 shares with a value of 1.16 million per share at the end of June 2023.
00:52 From the devastation action, PT PP has a balance of 105.9 billion rupiah.
00:58 Next, it is in the due diligence process with potential investors PT Ferry Property, where the share of Perseroan reaches 49%.
01:06 In addition, PT PP plans to sell 70% of the shares in one of the business portfolio of PT PP Energi PT Odira Karang Agung.
01:14 It does not stop there, Perseroan through PT Precisi TBK, currently is delivering heavy vehicles and heavy equipment that are rarely used.
01:22 The management stated that the total debt of Perseroan consists of a flower debt and not a flower debt.
01:27 Perseroan is more focused on reducing the flower debt with the devastation and acceleration of the project that is being carried out.
01:33 Until the end of 2023, PT PP targets that the company's debt can drop 2-3%. This percentage is quite small because the largest debt issuance of PT PP is sourced from the property sector that is in decline.
01:45 The management hopes that the efforts of devastation will be able to reduce the liability of Perseroan to 25% for the next two years.
01:53 Various sources of IDX channel
01:55 And the financial and debt management still imagine from PT PP, not only PT PP, this condition also happened with several other companies.
02:15 Even our Waz is still suspended by the Indonesian Stock Exchange so far.
02:19 From the technical side, let's go straight to the first graphic.
02:22 We will try to see how the movement of PT PP shares throughout today's trading is in the middle of the decline in the share price.
02:29 Where PT PP shares can also be seen on the TV screen of your viewer.
02:33 It was opened this morning at level 510, this position is flat because the opening position is the same as the closing of the trading the day before.
02:42 Then at 9.05, PT PP shares were strong at level 515 in the green zone of Pemerissa and again this level is not able to be maintained.
02:52 At 10.10, it was quite deep to level 500, then at 11.00 at level 510, it was still moving in the red zone, as well as the closing position in the first session at 12.00 at West Indonesia time.
03:05 At the opening of the second session, it was opened flat and the position today is still moving at the same level at 505, experiencing a weakness at 0.98%.
03:14 The lowest level today at 500, the highest level at 515 rupiah per share.
03:19 Let's just go straight to the next graphic, Pemerissa.
03:22 We will try to see how the movement of PT PP shares in the last few months.
03:27 It seems that the pressure for PT PP is still continuing and the pressure that has happened is also quite deep.
03:34 Let's move on to the next graphic, Pemerissa.
03:36 In June, PT PP was still traded at level 500, at exactly 525 rupiah per share.
03:43 In July and August, it experienced a strength, while in September, it was again pressed to level 500.
03:51 While in October, PT PP shares experienced a significant jump at 810 rupiah per share and this is the highest level in terms of year-to-date.
04:01 And it also looks like in the last year's trading.
04:05 However, again, this level is not able to be maintained.
04:08 In November and December, PT PP shares again jumped freely by experiencing a fairly deep correction and the position is currently traded at the level of 500 rupiah per share.
04:17 Let's move on to the next graphic.
04:19 We will try to see from the valuation side with some indicators.
04:22 You can also see the graphics on the television screen, Pemerissa.
04:26 From the position, the price-to-earning ratio is around 9.80x, the PSR is 0.19x, while the PBV is 0.28x and the PCFR is -1.44x.
04:39 A combination of fundamental, technical and also from the valuation side.
04:42 And hopefully it can be one of the references for you.
04:46 [Music]
04:49 [BLANK_AUDIO]