Haryajid Ramelan: Bank BTN Shares Still A Priority of Indonesian Capital Market Investors
By : Abraham Sihombing And Aldo Bella Putra | Tuesday, July 10 2018 - 15:30 IWST
Haryajid Ramelan pengamat pasar modal (Foto Infobank)
INDUSTRY.co.id - Jakarta - Fundamentally, the performance of PT Bank Tabungan Negara Tbk (BBTN) shares is no doubt. In 2017, this share price rises more than 100%, making it a priority for capital market investors from pension fund institutions and investment managers (fund managers).
"Responding to the banking business should be very interesting BBTN, especially the fundamental performance of state-owned banks," said Haryajid Ramelan, Indonesia capital market observer in Jakarta, Tuesday (10/07/2018).
Haryajid said that the current condition of Bank BTN greatly benefited from the relaxation of loan to value (LTV) rules issued by Bank Indonesia (BI) plus the new scheme of FLPP or subsidized mortgage facility.
"The new scheme of KPR FLPP is 75% from the government and 25% from PT Sarana Multi Financial (SMF). It certainly benefits BTN from the business side so that the distribution of mortgages will increase, "he explained.
An effort by the company’s management, Haryajid said, is to raise low-cost funds so that cost of funds becomes cheap and can make BTN credit interest does not raise. With this strategy, the shares of Bank BTN should be able to strengthen back to its fair level.
"The decline in Bank BTN's share price due to global factors should be an opportunity for investors to re-accumulate these shares for long-term investment," said Haryajid.
Haryajid said, stocks are long-term instruments. It has been proven that banking stocks have provided many benefits for investors who accumulate in the long term.
Meanwhile, Iman Nugroho Soeko, Finance & Treasury Director of Bank BTN, said that the increase in the share price of Bank BTN in trading on Monday (09/07/2018) was a form of investor confidence in the company's performance.
"We will strive for financial performance until the end of this year to reach the target. We are optimistic that business growth can grow to 20%, "said Iman.
According to Iman, to achieve the business target, Bank BTN will perform operational financing efficiency, increase the third party funds (DPK) low cost so that NIM maintained and the achievement of fee-based income target.
"So no need to worry about the business of Bank BTN. We look forward to delivering performance that fits the target. That will be seen by investors or the public after the publication of financial statements as of June, as of September and per December, "said Faith. (Abraham Sihombing)