ANALISIS FUNDAMENTALSEBAGAI DASAR UNTUK INVESTASIDI PASAR MODAL INDONESIA(STUDI PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG LISTING DI BEJ )
| Main Author: | Hamid, Hamid |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2007
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| Subjects: | |
| Online Access: |
http://eprints.umm.ac.id/6728/1/ANALISIS_FUNDAMENTALSEBAGAI_DASAR_UNTUK_INVESTASIDI_PASAR_MODAL_INDONESIA.pdf http://eprints.umm.ac.id/6728/ |
Daftar Isi:
- Fluctuations in stock prices is of increasing sharply, especially after periods of monetary crisis in Indonesia, so that will be able to confuse the market players in choosing which stocks will benefit. This is because investment in the stock market is affected by stock price movements. Two approaches used in the valuation of shares, namely fundamental analysis and technical analysis. Fundamental analysis is an analytical approach that focuses on stock price performance of the company. While technical analysis considers only the price movement alone without regard to company performance. For investors who focus on long-term investment, it will be very risky to do the valuation of shares with technical analysis., Because the validity of very high prices and price fluctuations do not reflect the actual company or asset. To that should stock assessment in unstable condition with a longer span of time, use fundamental analysis. The purpose of this study to determine the application using the concept of fundamental analysis in assessing the performance of food and beverage company to go public under study and to compare the value of the ratio of Earning Per Share (EPS), Price Earning Ratio (PER), Net Assets Per Share (NAPS), Return On Equity (ROE), liquidity ratios include current ratio and quick ratio, and analysis of debt leverage ratio and debt to equity ratio of each food and beverage company to go public under study, as the basis in making investment decisions by investors. Kind research used is descriptive research that intends to make penyandraan systematic, factual, and accurate information on the facts and the properties of a particular population. The reason to use the description, because this research provides a description of the condition and prospects of food and beverage company's stock went public listed in the Jakarta Stock Exchange as the foundation basis for determining investment decisions in Indonesian Capital Market. Predictor variables in this study were (1) The level of liquidity include: Current Ratio and Quick Ratio, (2) The level of profitability of the Company comprises: Return on Equity (ROE) and Earning Per Share (EPS), (3) The ratio of assessment include: Price Earning Ratio (PER) and Net Asset Per Share (NAPS), (4) The debt ratio includes: Debt Ratio and Debt to Equity Ratio and the dependent variable is the performance of the Company. From the fundamental analysis which was carried out using analysis of Earning Per Share (EPS), Price Earning Ratio (PER), Net Assets Per Share (NAPS), Return On Equity (ROE), liquidity ratios include current ratio and quick ratio, the leverage analysis debt ratio and debt to equity ratio and the average stock price dive in 2003-2005 in five food and beverage companies going public were observed to note that companies that have the best fundamentals are (1) PT. Indofood Sukses Makmur Tbk, (2) PT. Cahaya Kalbar Tbk, (3) PT. Davomas Abadi Tbk (4) PT. New Tunas Lampung Tbk, and (5) PT. Suba Indah Tbk. If viewed from the investor group, which consists of (1) risk seekers, a group of investors who like risk, (2) risk averter, which is a group of investors that dislike or avoid risk, (3) risk neutrality, which is a group of investors neutral towards risk, then the choice of companies (1) The risk seeker will select companies that have a high share price growth in the hope that will generate capital gains, so the sequence will be selected company is PT. Indofood Sukses Makmur Tbk, PT. New Tunas Lampung Tbk, PT. Davomas Abadi Tbk, PT. Cahaya Kalbar Tbk, and PT final. Suba Indah Tbk. (2) For averter risk groups, will be pleased at the choice of investment with less risk with the same profit level. This group of investors will tend to pay attention to the company's performance in generating profits, from the achievement of stock price. The order companies that will be selected for this group is PT. Indofood Sukses Makmur Tbk, PT. Davomas Abadi Tbk, PT. New Tunas Lampung Tbk, PT. Cahaya Kalbar Tbk, and PT final. Suba Indah Tbk. (3) The risk neutrality is a group of investors or individuals who are neutral toward risk. This group expects the combination of different levels of risk and expected profit, thus providing the same satisfaction to investors. This group will use the analysis of corporate performance and stock price growth of acquired companies. For this group, then the sequence will be selected company is PT. Indofood Sukses Makmur Tbk, PT. Cahaya Kalbar Tbk, PT. Davomas Abadi Tbk, PT. New Tunas Lampung Tbk, and PT final. Suba Indah Tbk.