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DIVIDEND DISTRIBUTION

Waiting for dividends distributions

Wednesday, 15 February 2017 | Narita Indrastiti

JAKARTA. Some issuers are likely to distribute the dividends after releasing 2016 financial statements. Investors may want to select shares of those issuers, mainly those that have shown positive performance. Usually, the share prices of those issuers are potentially to increase in the next two to three months.

According to the analyst at UOB Kay Hian Stevanus Juanda, there are eight issuers, which have positive outlook in this year and are potentially to distribute yields at more than 2.5%.

Those eight issuers include PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO), PT Tunas Baru Lampung Tbk (TBLA), PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Telekomunikasi Indonesia Tbk (TLKM), PT Astra International Tbk (ASII), PT Bank Tabungan Negara Tbk (BBTN), and PT Bank Negara Indonesia Tbk (BBNI).

Prospect of the share prices

Historically, during the recent three years, some shares appreciated positively ahead of the date of the dividends distributions. Those included the shares of state owned enterprises, such as BBNI, BBRI, BBTN, and BJBR, as well as the shares of telecommunication issuers like TLKM and TBIG, which have outperformed prospect. Nevertheless, the appreciations were not necessarily driven by the dividends distributions.

This year, the shares of SIDO are potentially to offer the highest yields at 4.7%. The consumer issuers, which are potentially to offer 2%-4% yields, would include UNVR, RALS, ACES, HMSP, GGRM, and ICBP. "The shares of cement issuers are likely to offer the high yields, but the prospects of the shares have not yet been positive,” said Juanda in his research, Tuesday (14/2).

The analyst at Danareksa Sekuritas Lucku Bayu Purnomo estimates, ahead of the dividends distributions, some sectors would be attractive, such as plantation, banking, construction, retail, and mining sectors. According to Lucky, those sectors have better performance than the Jakarta Composite Index (JCI).

Lucky estimates, the shares of ASII, TLKM, INCO, and ITMG are likely to distribute dividends with the high yields. Those shares are worth to collect. He suggests that those shares should be accumulated the fastest two weeks before the date of dividends distributions. (Muhammad Farid/Translator)


 

Reporter: Narita Indrastiti
Editor: Sanny Cicilia