Hold This Stock For Three Months Only, Your Cuan Almost 200%!

The PT Bangun Karya Perkasa Jaya Tbk's stockholders are content. This is due to the fact that their shares on the Indonesia Stock Exchange have become the top givers or gainers over the past three months (IDX).

The KRYA-coded share price rocketed 177% higher to Rp324 per unit, a rise of Rp207 from the position's three-month-old acquisition price. This issuer is the biggest gainer over the past three months among the hundreds of shares listed on the IDX.

PT Ancora Indonesia Resources Tbk (OKAS), PT Habco Trans Maritima Tbk (HATM), PT Jaya Konstruksi Manggala Pratama (JKON), and a stock that is regaining popularity are the next four stocks that give more than 100% funding.

The issuer of KRYA really still has the "kencur smell" compared to the others because it was only listed on the IDX on July 25 at a price of IDR 125 per unit in its first public offering (IPO). The management issued 325 million shares, or 20% of the issued and paid-up capital. They thus received brand-new funding in the amount of Rp41 billion.

Working capital is the sole purpose of the IPO's earnings. Half of the expense goes toward building the subsidiary's warehouse, while the other half covers the costs associated with supplying raw materials, buying tools, maintaining machinery, and purchasing related equipment.

One of the few industries still engaged in mining, particularly coal, is construction stocks. This is because after two years of "fasting" owing to the Covid-19 outbreak, the acquisition of new contracts has surged this year.

The positive perception of Investment Management Institutions, also known as the Indonesia Investment Authority (INA), which oversees money worth up to US$ 28.5 billion, is another catalyst. After being established at the end of 2020, they have a strong emphasis on infrastructure development.

To make money with stocks in the real estate sector, you must be more cautious. The construction industry is anticipated to once again be affected by the economic slump that is anticipated to impact the Indonesian economy next year, in addition to a high number of issuers who are burdened with large debts—typically the issuers of works, or state-owned firms.

The weakening of the rupiah will increase the burden of material costs for building items coming from imports in addition to high interest rates that raise borrowing costs. Safe issuers are those who have won government contracts but who, financially speaking, do not owe excessive amounts of money, particularly in US dollars.