Repeating its success, PT. Sucorinvest Central Gani conducted another private placement on shares of PT. Ultrajaya Milk Industry and Trading Co. on November 16, 2016 with the transaction value of Rp427.5billion or 95million shares at the price of Rp4.500,- per share (a discount of 2.2% comapred to previous day’s closing price). Considering the fact that Sucorinvest has previously done another placement for Ultrajaya with the value of Rp791.9billion in August 2016, this shows that interest from both foreign dan local investor is really high, especially in Ultrajaya shares.
Jerry Sarmiento, Director of Sucorinvest Institutional Equity states that foreign dan local investors have high optimism in regards to the fundamental performance of this market leader in UHT dairy products. This transaction executed by Sucorinvest is 3.3% of total traded shares, hence a positive and enthusiastic response from investors as it helps boost the liquidity in ULTJ’s trading.
Jerry also adds that one of the most attractive features of Ultrajaya shares that draw the interest from well known institutional investors is the shift in the trend of consumption pattern that is happening right now among the grassroot community, who has been enjoying the attention of current government under President Joko Widodo in the form of various programs addressing education, health care and the revitalization of agriculture.
Positive reaction from the market is also shown in Ultrajaya’s shares performance which keeps on moving upward to 4.700 level intraday on Friday, 18 November and 2016 YTD performance which has climbed 20%, more than IDX Composite’s 13%.
Research done by Sucorinvest shows that there is a shift in consumption pattern of mid-low segment in the community, from traditional products to modern ones. Milk product is one of the most sought after items by this segment. The majority of this segment interviewed by Sucorinvest analysts state that they prioritize milk in their grocery shopping in order to ensure the fulfillment of their children’s nutritional needs. Sucorinvest research team calls for a BUY recommendation on ULTJ shares with a target price of Rp5.400.
In Sucorinvest research, it is discovered that Ultrajaya is a favorite among the people. Ultrajaya has the highest level of brand awareness and a wide distribution network, one that reaches all the way into deepest rural areas.
Going forward, PT. Sucorinvest Central Gani will continue to prove its commitment to take an active role in the growing of Indonesia’s economy, by attracting a large number of investors from outside the country as well as within.
PT. Sucorinvest Central Gani
is a security firm with business lines that include Equity Brokerage, Investment Banking, Fixed Income and Asset Management with more than 27 years of experience. Well known as a private national security firm with high integrity, Sucorinvest earns the trust of clients thanks to expertise, competence and its skills in the capital market. Sucorinvest success in delivering service through deep understanding in corporate and individual investment aims, is the defining characteristic that answers the demand of modern market industry.
For more information please call:
Juanita A. Luthan
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PT. Sucorinvest Central Gani
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Phone: (021) 80673000
Mobile Phone: 0816-703-439