These Seven Stocks Will Cum Date Dividend Next Week, Anyone?
5/16/2022
Several issuers will distribute dividends for the 2021 financial year. First, there is PT Millennium Pharmacon International Tbk ( SDPC ) which will distribute a total dividend of Rp 1.27 billion or 13.31% of the company's net profit for the 2021 financial year. So that each share will receive a dividend of Rp. IDR 1, with cum date falling on 17 May 2022.
Next is PT Communication Cable Systems Indonesia Tbk ( CCSI ) which plans to distribute cash dividends with a total of Rp 8.99 billion or Rp 7.5 per share. The cum date falls on May 17, 2022.
Third, there is the issuer PT Baramulti Suksessarana Tbk ( BSSR ) which will distribute dividends worth US$ 75 million or US$ 0.02866 per share (Rp 411.04). Cum date falls on May 17, 2022.
Then PT AKR Corporindo Tbk ( AKRA ) will also distribute dividends for the 2021 financial year worth IDR 572.38 billion or IDR 29 per share, with a cum date of 17 May 2022.
PT Selamat Sempurna Tbk ( SMSM ) will also distribute dividends worth Rp 86.38 billion or Rp 15 per share. The cum date will fall on 18 May 2022. Then, the issuer PT Pinago Utama Tbk ( PNGO ) will also distribute a cash dividend of Rp 70 per share with a cum date on 18 May 2022.
The latest one is PT Tigaraksa Satria Tbk ( TGKA ) which will provide dividends of Rp. 330 per share from last year's net profit with a cum date of 20 May 2022.
Equity Analyst Kanaka Hita Solvera Andhika Cipta Labora sees from several issuers that will distribute dividends, the most interesting are AKRA and SMSM. This is because now both issuers have solid fundamentals and have a large market capitalization or market cap .
Judging from the performance of the first quarter of 2022, AKRA posted an increase in net profit of 40% year on year . In addition, AKRA, which is engaged in the logistics and fuel oil service provider business, still has positive prospects due to the high world oil price due to the heated geopolitical relationship between Russia and Ukraine.
SMSM also posted a net profit increase of 17.31% year on year in the first quarter of this year. Andhika said that the prospect of SMSM in the future is also attractive because the government is still extending the luxury sales tax discount on PPnBM DTP 100% for motorized vehicles until September 2022.
"For SDPC, CCSI, PNGO, and TGKA, we consider it less attractive because the transactions at these issuers are less liquid," said Andhika.
Furthermore, Andhika said, for the price movement of BSSR has gone up high as a result of rising global coal commodity prices, therefore, it is better for market participants to be careful if they want to get BSSR dividends because they are prone to profit-taking.
Overall, he assesses that issuers with dividend yields above 5% will be more attractive to market participants because they are higher than deposit rates. Referring to the latest stock price, the dividend yield for SDPC is 0.77%, CCSI 1.01%, BSSR 9.09%, AKRA 2.88%, SMSM 0.97%, PNGO 4.67%, and TGKA 3. 73%.
Therefore, he suggested buying on weakness of AKRA stock with support at IDR 955 per share and a target of strengthening IDR 1,100 per share. Andhika also gave a recommendation to buy on weakness SMSM with support Rp. 1,475 per share and a strengthening target at Rp. 1,610 per share. The recommendation for BSSR is to sell on strength of IDR 4,400 per share - IDR 4,500 per share.
