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