1,720,975 research outputs found
Financial Performance Analysis of PT Waskita Karya Related to Its Initial Public Offerings Stock Price and Future Prospect
No full textThis final project attempted to analyze Waskita Karya decision to get the fund from initial public offerings, analyzes the factors that caused Waskita Karya’s IPO share oversubscribed until 800%, analyze the prospect of Waskita Karya by forecasting its stock price at the end 2013 with using Discounted Cash Flow (DCF) and Relative Valuation method. Moreover, author also give recommendation for investor and management of Waskita Karya related to its capital structure in order to maximize its firm value. Keywords: Initial Public Offerings (IPO), Discounted Cash Flow method, Relative Valuation, Capital Structure, Construction Industry, State-Owned Compan
FINANCIAL LITERACY AND RETIREMENT PLANNING AMONG WOMEN IN PRODUCTIVE AGE
No full textA survey conducted by World Bank Survey (2015) shows that Indonesia have a low financial literacy
level compared to other countries. We examine Financial Literacy and Saving Behavior among the
productive age in Jakarta, the capital city of Indonesia, and see the impact from both aspects to their
retirement preparedness. A survey was conducted using questionnaire in Jakarta with 226 respondents.
This research diversified respondents into three types of planners: Simple, Serious and Committed
Planner following Lusardi and Mitchell (2008) framework. Results of Logistics regression shows that
only saving behavior is significantly affect someone for being a simple and Serious Planner while high
financial literate people have higher probability to be a Committed Planner. Interestingly, we also found that
education and maturity factors such as Marital Status, Age, and having children also affect someone
preparedness for being a planner. The results also show women are lower in financial literacy level and
retirement planning preparedness compared to men
The Analysis of Risk and Return Comparation Between Silver, Gold, JKSE, and Property in Pasar Kemis, Sukamantri, Kutajay, Gelam Jaya and Kutabaru Wards in Kabupaten Tangerang for Long Term Investment
Full text linkNowadays, investment term has become a common word be heard and be talk of many people, from businessmen to students, even among the housewives. The understanding that the investment of capital or funds are placed in assets which are expected to provide benefits or the value will rise someday in the foreseeable future, it means investing is done by \u27sacrificing\u27 the potential of current consumption to get better opportunities or greater in the future. Generally, the purpose of investment is to fulfill the needs and desires in order to improve the quality of life. In order to achieve those needs and desires, then the investment is one of the best solution. Indonesia\u27s strong economic growth and favorable demographics make it a great country for investors, but there are several risks that investors should be aware of before committing any capital. There are several benefits of investing in Indonesia, Indonesia has strong historic growth. Indonesia has been one of the best performing investments throughout the world economic crisis that began in 2008. The types of investment instrument is quite widely and variously. It could be real or paper investment, such as stocks, bonds, mutual funds, precious metals, property, and even open your own real business. In this term, author will analyze risk and return of silver, gold, JKSE, and Pasar Kemis, Sukamantri, Kuta Jaya, Gelam Jaya, Kuta Baru Property in KPP Kosambi, Tangerang. Methodology used in this research are Problem Identification, Theoretical Foundation, Data Collection, Data Analysis, and the last step is Conclusion and Recommendation. These steps need to be conducted in order to complete the project. Basically, the writer want to analyze the risk and return and give the result to determine the highest return of instrument  investment the recommendation for retirement financial purposes. Correlation must be analyzed also for the recommendation for the choices of investment proportion. The Conclusion came out with Pasar Kemis property as the best investment instrument with the highest point in Treynor in risk adjusted method. The combination of two investment which came out with the best correlation is Pasar Kemis property and Silver. These two investments give the most negative result which means that the movement towards market would be in contrast to each other and give the best diversified portfolio. Further research is could be the recommendation in order to construct an optimal portfolio investment.Key Words : Investment Instruments, Risk and Return, Silver, Gold, JKSE, Propert
Financial Performance Assessment of PT Bumi Resources Tbk in Comparison with other Coal Mining Companies and Estimating the Company Value
Full text linkIn the latter half of 2009 until the beginning of 2011, Indonesian coal mining industry experiences an escalation as the increase of global coal mining prices. However from the year 2011 to 2013, coal price is declining. This condition caused by the oversupply of global coal productions. PT Bumi Resources Tbk (BUMI), one of the local mining companies has experienced a downward in the stock price and uncertainties regarding its feature prospect in the long run. This caused by the coal price that significantly decline. From the explanation above, author would like to analyze the company performance and make a comparison with the other local coal mining companies using several methods which are trend analysis, cross-section analysis, common-size financial statement analysis, and DuPont system of analysis. The benchmarking companies are the listed coal mining companies in Indonesia Stock Exchange. From the analysis that has been conducted, the financial performance of PT Bumi Resources Tbk is below the other benchmarking companies caused by several financial issues. Therefore, PT Bumi Resources require improvements to its financial performance to compete with the other coal mining companies. Based on income approach valuation, it indicates that PT Bumi Resources has experienced undervalue. It indicates that PT Bumi Resources Tbk has an opportunity to increase its value. Suggestions that can be given to PT Bumi Resources Tbk are effectively manage the level of debt, to be more effective in using its capital, and consider the cost and operating efficiency in order to improve the financial performance and compete better with the other coal mining companies.Key words: BUMI, financial performance, ratio, valuatio
Asset Allocation Based Investment Strategy to Improve Profitability and Sustainability of the SMEs
No full textAbstractSMEs usually have a volatile revenue and income stream. In order to reduce the operational risk, SMEs allocates high cash position as a buffer during difficult situation. This paper aims to increase earning from this cash position through asset allocation strategy. Asset Allocation Investment Strategy is a strategy that allocates investment among several different investment classes in certain proportions and rebalanced periodically. By keeping the same proportion in these different investment class, SMEs are forced to apply the simplified investment principle which is many time difficult to apply in reality because of market sentiment.The author forms three portfolios consisting of stock mutual fund, bond mutual fund and money market in certain proportion into conservative, moderate and aggressive portfolio. The proportions are kept in balance through rebalancing process. Three rebalancing process are applied, which is quarterly, semi-annually, and annually. The return performance of all portfolios combined with these three rebalancing processes then will be compared each other and against the IHSG (Indonesian Stock Market Index) performance.The research result shows that Asset Allocation Strategy with Periodically Rebalancing gives better return compared to IHSG index performance. Aggressive Portfolio with quarterly rebalancing gives superior result compared to all other portfolios. When SMEs use this strategy for profit generated from their business, SMEs can improve their profit and sustainability significantly
Financial Performance Assessment of PT Pelabuhan Indonesia II (Persero) in Comparison with other Port Companies Locally and Globally
Full text linkTwo-thirds of Indonesia is water. Thousands lined the island of Sabang to Merauke. As an archipelago, marine transportation plays an important role in the development of Indonesia. Supported by Indonesia's strategic location as it is situated at the crossroads of world trade routes. Therefore it required sea transportation system that is reliable and efficient. This can be achieved if the management of the navy, both shipping companies and port operator operates properly and professionally.This study focuses on the performance of the port operator, PT Pelabuhan Indonesia II, which has its head office in Jakarta. PT Indonesia II port operational areas of the company covers 10 provinces and it has three subsidiaries, affiliate one, two business units and one joint operation.The performance that discussed in this study focused on financial performance, since only a company with good financial performance that can perform the operations well too.This final will discuss the performance of PT Pe4labuhan Indonesia II and will also be compared with other companies in the same industry both locally and globally. The author will use some framework. In the end, come to the conclusion and recommendation for PT Pelabuhan Indonesia II to achieve better performance.As a conclusion, PT Pelabuhan Indonesia II almost rivaling global competition a leader in several assessment framework, with an optimal capital structure when the WACC minimized at 53% of debt and 47% of equity while the maximum of firm value of IDR 8,620,465,240,669.Keywords: Archipelago, Port, Performance, Comparison, Financial statements analysis
Comparison of Unit Link Product in Indonesia: Study of Insurance and Unit Link products Performance
No full textRisks can come at any time, living in Indonesia have a greater risk than living in many developed countries because the government has reduced the lives risks. All of the risks are a blessing for some companies that offer insurance. Development of insurance in Indonesia cannot be separated from the rising level of economic performance, so that the insurance industry continued to a significant increase over the last 5 years. Growth of the insurance industry, making more types of insurance offered. Unit Link products is one of the booster of production premium in the life insurance industry. Unit Link products are modern insurance that combine with insurance and investment inside. Through investment product combined with insurance, raises many pros and cons regarding the products performance optimization. To determine the performance of the Unit Link products, it will be carried out performance analysis of each product in term of insurance and investment. There are four bancassurance companies were selected as research sample; Axa Mandiri, BNI Life, CIMB Sun Life, and Commonwealth Life. Also Prudential become the benchmark to determine the performance of bancassurance. From each company will take one Unit Link product as samples to be compared. In terms of the performance of the insurance will be based on the performance optimization of the product indicated by the allocation dues cost of insurance and amount of insurance money that can be generated. The performance of the investment will be based on returns generated in accordance with the investment allocation of each company. The data is used as the basis of net asset value (NAV) based on historical data. Returns generated will be used as a variable comparison with each product and also be analyzed by the method of risk adjusted performance, namely Sharpe Index. The results of the calculation will be used as a comparison of each Unit Link products and will be compared to the market index (IHSG) as a benchmark. Keywords: Unit Link, insurance, Sharpe Index, performance, bancassurance--------------------------DISCLAMER: This paper is created by undergraduate students of School of Business and Management ITB in partial fulfillment of the requirement of the degree Bachelor of Management. Journal of Business and Management is not responsible for the content, opinions, or any other materials expressed here
The Effect Soekarno-Hatta - Jakarta Railway Train Project to PT. Kereta Api Indonesia Financial Performance
No full textSoekarno-Hatta is the largest and busiest airport in Indonesia. So far, the transportation route in and out of the airport is only via the highway road (toll or non-toll) that will pass ring road Jakarta. Currently, the growth of vehicles in Jakarta is very surprising to cause severe traffic jam. The traffic jam that often occured is also affected either directly or indirectly to the traffic conditions and from the Soekarno-Hatta Airport. Indonesia Government through Presidential Decree number 83 of 2011 assigned PT Indonesia Railway to build railway transportation infrastructure through a circular route Jakarta to Soekarno Hatta. The purpose is to develop alternative transportation to help reduce transport problems in the future. For PT KAI itself, as the government-owned company that has a public service obligation (PSO), the project must be done, but there will be a question of whether this project will give positive or negative impact for the company in the future, especially in terms of financial performance. Therefore, to analyze the velua added of this project, the future financial statements between if PT KAI do the project and if they don’t do the project must be compared. As a first step analyzed the financial condition of PT KAI current through the analysis of time series, cross section, a ranking based on two methodologies (BUMN & Moody's), and the current capital structure. Furthermore, the feasibility and demand analysis of the project will be presented as information. To determine how much value the project given, the projected consolidated financial statements and financial statement projections of the project will be conducted. Next step will compare and analyze the results of these projections, which are the consolidated financial statements without a project with projected financial statements consolidation plus project. From the results of the comparison will be observed whether the project also increased ratings of PT KAI. This research provides business solutions to PT KAI to improve financial performance and corporate value by increasing the financial indicators and investment rating. In the end, the project can be roled as a business solution in the future Keywords: Railway Train, Capital Structure, Project Investment, Financial Performanc
Financial Performance Assessment of PT. Angkasa Pura II in Comparison with other Airport Companies Locally and Globally
Full text linkIn relation to the magnitude of migration on population growth is causing many residents Indonesia, especially Jakarta, who was traveling out of town after another. It cause the number of users of transportation between the city / country is becoming increasingly high, especially aircraft.PT Angkasa Pura II is a monopolistic market, where they have no competitor in its country. Growth in passenger numbers continued to move up to 18.5% since 2010. Development of airport development depends on economic growth in the country. In accordance with the type of market is monopolistic market segments, the airport is quite focused on the stability of their internal performance.This final project presents the reader about how important analyzing the performance assessment in order to reach the best performance. The final project will talk about the performance assessment of PT Angkasa Pura II, through several frameworks, compared to other companies in same industry locally and globally. Then ended by conclusions and recommendation for PT Angkasa Pura II in order to reach a better performance.As a conclusion, PT Angkasa Pura II almost compete the global competition even been a leader in several assessments, with maximum firm value of IDR 11,304,648,783,186.Keywords: airport area economic development, financial statements analysis, airport industry, passenger movement
The Impact Of Equity Research And Stock Split On Stock Liquidity And Stock Return A Study Case On Indonesia Stock Exchange
No full textAbstract- This research is intended to find wether equity research and stock split may create stock liquidity in Indonesia Stock Exchange, effectively. Stock liquidity is measured with liquidity ratio. Hypothesis testing is needed to prove that there are significant increase in stock liquidity after stock split or equity research conducted as well as to determine what kind of listed companies should be permitted to conduct stock split.  The results are equity research increased stock liquidity significantly, stock split increased liquidity at announcement date but it is non significant and liquidity of listed companies with higher stock prices increased significantly when they conducted stock split.   Key word: equity research, stock split, stock liquidit
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