Danantara's Investment In Issuers Can Be An Attraction For Investors

Daya Anagata Nusantara Investment Management Agency (Danantara) plans to invest in a number of issuers. Danantara's investment could be a positive sentiment. 

What will be realized is that Danantara will inject IDR 13 trillion in investment into the PT Chandra Asri Pacific Tbk (TPIA) project. 

Meanwhile, a number of other issuers are rumored to receive investment from Danantara, namely PT Pertamina Geothermal Energy Tbk (PGEO), PT Aneka Tambang Tbk (ANTM), PT Garuda Indonesia Tbk (GIAA), PT Kimia Farma Tbk (KAEF), and PT TBS Energi Utama Tbk (TOBA). 

Associate Director of Research and Investment Pilarmas Investindo Sekuritas Maximilianus Nico Demus assessed that Danantara's support for TPIA is a positive catalyst, both in the short and long term. 

According to him, this step reflects the sovereign wealth fund's commitment to encourage business transformation and strengthen the prospects of companies that are considered strategic. 

"TPIA's business will continue to grow in the future, especially after the acquisition in Malaysia. Fundamentally and prospectively, this support will strengthen TPIA's position," Nico told Kontan, Tuesday (6/17). 

Regarding other issuers that are also mentioned in Danantara's investment radar, Nico assessed that this investment approach is carried out by looking at long-term potential, not just current conditions. 

He said factors such as company fundamentals, business sector prospects, and potential future valuations are the main considerations. 

Although several issuers such as GIAA and KAEF are currently still recording less than optimal financial performance, this does not rule out the possibility for Danantara to enter. 

"In fact, when the company is still in a loss-making phase, Danantara can see the potential for profit and momentum to enter," said Nico. 

He added that Danantara's entry has the potential to encourage collaboration and synergy between sectors and companies, thereby creating added value from the industrial ecosystem side. 

From Danantara's side, investment in these issuers is considered profitable. "There's no way they'd enter if they didn't see the potential returns. Of course, this is a calculated step," Nico explained. 

However, he also reminded that each company has different targets and times to start providing profits to its investors. Regarding the potential risks, Nico admitted that not all investments always generate profits. Losses are still a risk that must be considered, what's important is how Danantara measures the return on investment and long-term potential. He also assessed that the trend of stocks affiliated with sovereign wealth funds could be a special attraction for investors. "Stocks like this will start to be glanced at because they are considered to have long-term support from the state," he said. 

Tag: Chandra Asri Pacific Danantara Daya Anagata Nusantara