Sunday, February 13, 2011

ASEI of Garuda Indonesia buy stocks of USD 3 Billion

JAKARTA. Export Insurance Indonesia (ASEI) bought shares of PT Garuda Indonesia as much as USD 3 milion. Staff Equity Investment PT ASEI, Suryanto, said the purchase of shares of Garuda is not solely because of the encouragement of the Minister of Finance, Agus Martowardojo.
There are other considerations that make ASEI dare to buy a stake in Garuda. There are three important aspects of investment. The third aspect is the return, risk and liquidity. Garuda's own shares is considered to meet the third qualification.
Suryanto also revealed that through improvements in the company of Garuda, he is optimistic that the future will be able to give a good return.
Unlike ASEI, PT BNI Life Insurance (BNI) are reluctant to disclose the purchase value of its shares. Finance Director Jiwasraya, Hary Prasetyo, just give an idea that does not value its purchase of Social Security, which reached Rp 210 billion. He explained that its value is far above ASEI is only USD 3 milion, but less than half of the purchase value of Social Security.
Hary said, the purchase of shares is intended to diversify investments. Due to the Garuda is a new player in capital market. Previously there has never been Indonesia's aviation industry launched its shares on the stock market.
Garuda associated with stock prices that valued above market price, Hary be more prudent. He considered that it should be viewed from various angles. He acknowledged that when viewed from the point of Price to Earning Ratio (PE ratio) is above the average price.
Another consideration that makes them willing to buy shares of Garuda is the Price to Book Value (PBV), which is still cheap.
Price to book value ratio is a number that describes how much time an investor willing to pay a share for each book value per share. There are two main functions of this PBV calculation.
 
First, these calculations to see whether a stock is currently trading at an expensive, cheap or average according to its historical average.

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