Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 6.6x --> heavy shareholder buying
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Cgs-Cimb Securities (Singapore) Pte. Ltd.', 'Wrh - Wilton Resources Holding Pte. Ltd.']
• Total bought value in the last 6 months: IDR 79.4 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.46%
• In the last 6 months: out of 7,147 million shares bought: 46 million shares came from Foreign holders
• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 9.6x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Public < 5% / Public', 'Cgs International Securities Singapore PT. Ltd']
• Total sold value in the last 6 months: IDR -116.1 billion
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• 6 months Net Loss decreasing -51.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -6.1 B insufficient to cover current Interest Exp -0.6 B
• Total EBITDA -109.1 B insufficient to cover Total Interest Exp -6.5 B in the last 8 quarters

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Current Ratio < 1x --> weak balance sheet
• Negative Equity (current)
• In the last 4 quarters: 1 occurence of Receivables growing infx of Sales growth

Green Flags

Red Flags

• Negative Net Profit and Operating CF