My stock portfolio - 2024 - 05

Based on the Client Statement from April 2024. 

My Stock Portofolio 2024 - 05

1. INCI

PT Intanwijaya Internasional Tbk was established on November 14, 1981, under the name PT Intan Wijaya Chemical Industry. In 1990, the Company became a public company by listing its shares on the Jakarta Stock Exchange (now the Indonesia Stock Exchange). The Company commenced commercial operations in 1987, with its main production being formaldehyde resin (wood adhesive). As the business developed, the Company expanded its product range to include formalin, urea formaldehyde resin, melamine formalin resin, phenol formaldehyde resin, urea formaldehyde powder, hardener, catcher, and others. This article discusses INCI as of Q2-2024.

Reviewing the financial statements, I found that this company is very healthy, as it has no interest-bearing bank loans. The balance sheet is very solid. I am confident in growing together with INCI. My shareholding in INCI is 13%.

2. MNCN

PT. Media Nusantara Citra Tbk (MNCN) is an integrated media company in Indonesia. The company’s core business is in content creation and ownership, as well as the operation of 3 out of the 10 national Free-To-Air television stations in Indonesia. MNCN owns 3 Free-To-Air (FTA) TV stations - RCTI, MNCTV, and GlobalTV - along with 18 channels created and produced by MNC that are broadcast on pay-TV. Currently, MNC also has other media-based businesses that support its core operations, including radio, print media, talent management, and production houses. MNC was founded on June 17, 1997, and began commercial operations in December 2001. Quantitatively, its ratios are similar to INCI, with a PBV of 0.27x and a PER of 6.2x. My shareholding in MNCN is 31%.

3. TLKM

PT Telkom Indonesia (Persero) Tbk, formerly known as Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, offers telecommunications and network services. The company's segments include Corporate, Home, Personal, and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact centers, broadband access, information technology services, and data and Internet services for companies and institutions.

The Home segment (through IndiHome) provides fixed-line telecommunications services, subscription television, and data and Internet services for residential customers. The Personal segment offers mobile cellular and fixed wireless telecommunications services for individual customers. The Other segment provides building management services. The Company's postpaid mobile services are marketed under the kartuHalo brand, while its prepaid services are marketed under the simPATI, Kartu As, and Loop brands. The Company also operates an e-money business under the T-cash brand.

Unlike the two stocks mentioned above, I bought this stock because it is a blue-chip stock and can be considered a market leader in the telecommunications sector. In terms of valuation, it is indeed more expensive, with a PBV of 2.25x and a PER of 12.5x. Interestingly, TLKM's ROE is 18%. My shareholding in TLKM is 56%.

Disclaimer: This is not an invitation to sell or buy. Conduct thorough research.