The Financial Performance and Stock Valuation of Coal Mining Company in Indonesia (Case Study: Pt. Abm Investama Tbk (ABMM))

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Indonesia, the world’s largest supplier of coal, may profit from the uncertainties surrounding the present geopolitical situation. According to experts, the current high price of coal could be stable through the end of 2022, before declining moderately in 2023, but remain well above its five-year average. Therefore, investing in coal companies’ stock right now is a good idea. Theoretically, investing in the stocks of any firm whose primary business is in the coal industry will result in a profit. The issue is deciding which stock to purchase to increase the portfolio’s return. Value investing, often known as finding an undervalued firm with a great potential for growth, is the main goal of the research. The first step of this study is to observe the coal mining sector, and analyze the problem that occurs. Then, a simple screening valuation method using PBV and PER is conducted to choose the appropriate company to evaluate. Next, external factor analysis using PESTEL analysis and Porter’s Five Forces analysis is conducted. Afterward, internal factor analysis using Financial Ratios and F-Score is conducted to evaluate the problem that lies within the company. Finally, to summarize, SWOT analysis is conducted to analyze the advantages and disadvantages of the company’s business environment that provide a thorough knowledge of the company’s competitive advantages. Furthermore, an absolute valuation method is carried out to produce the company’s intrinsic value. The financial performance of ABMM when viewed from its financial statement from 2017 – 2021 is strongly increased in 2021, but stagnant in 2017 – 2020. After obtaining the valuations result through three absolute valuation method, the normalized earnings valuation shows an upside of IDR 2,317 or  77%, the DCF valuation shows an upside of IDR 2,193 or 73%, and lastly, the Monte Carlo Simulation shows an upside of IDR 2,233 or 74%. Therefore, from all three method, ABMM current stock price is considered as undervalued. According on the findings, this study advises purchasing ABMM shares. The present stock price was found to be undervalued using three absolute valuation methods, which means that anyone who purchases the stock at the current price of IDR 3,000 will see a capital gain on their investment.

Relationship between Family Burden, Stigma, Stress, Social Support, Family Acceptance, and Family’s Ability in Caregivers of Patients with Schizophrenia

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The family’s ability as a caregiver for schizophrenic patients is very necessary because it can affect the success of the treatment process provided. This article aims to determine the relationship between family burden, stigma, stress, social support, family acceptance and family’s ability in caregivers of patients with schizophrenia. This study used a quantitative method with a cross-sectional study design. The study was conducted at the outpatient polyclinic at Teuku Umar General Hospital with a total sample of 98 family members of schizophrenic patients. The results of this study indicate that family burden, stress, stigma, and acceptance are related to the family’s ability to provide care to schizophrenic patients (p = 0.0001 < 0.05). Only the social support variable has no relation with the family’s ability to provide care to schizophrenic patients (p = 0.145 > 0.05). The lack of a relationship between the social support variable and family’s ability is consistent with the stigma variable’s results, which indicates a negative stigma from the community towards the family, so social support becomes unnecessary. This study concludes that families can better care for schizophrenic patients when their burden, stress level, and stigma are reduced or lower. The greater a family accepts schizophrenia patients, the greater their ability to care for them.

Islamic Finance and Blockchain: A Bibliometric Analysis

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The Covid-19 pandemic is causing the digital economy to expand quickly. The development of Islamic finance employing Islamic financial technology should see this technology and the burgeoning digital economy as a problem and an opportunity. One of the most sophisticated acceleration development products is blockchain, and become Islamic finance’s most challenging product. There are still pros and cons to using blockchain in Islamic financial products. In terms of transparency and high trust level, the value of blockchain is similar to those of Islamic financial value. It’s critical to have this opportunity to speed up Islamic finance development. The main problem is that there are still very limited studies about Islamic finance and blockchain. With this study, we will conduct a bibliometric analysis of the publications we published from 2012-2022 about Islamic finance and blockchain through Scopus and google scholar. This study uses the Vos viewer program to see the number of publications, co-authorship authors, co-authorship institutions, co-authorship countries, and keywords. In Scopus, only 24 papers have discussed Islamic finance and blockchain in the last ten years. However, there are more papers on google scholar, but they are still not as specified as in Scopus. There are still many opportunities to have more research in this field.

Use of Industrial Waste in the Development of Ceramic Mass Compositions

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The compositions of ceramic masses for facing slabs based on Angren secondary kaolin and clay were developed, using metallurgical waste–iron–containing dust from the gas cleaning of “Uzmetkombinat” JSC and sandy waste from the Toytepe fluorite enrichment plant. With the help of differential thermal and X–ray phase analysis, the chemical–mineralogical compositions, exothermic and endothermic effects of the used components of ceramic masses were determined during their heat treatment. Thus, the suitability of using these wastes for the development of the composition of ceramic masses has been established.

Marketing Strategy to Improve Brand Awareness: Case Study of a Cloud Service Provider in Indonesia

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The World Health Organization classified Covid-19 a global pandemic, its effects have rippled across every aspect of society, including the economy. Firms are shifting their objectives and concentrating on their information technology capability to deal with the unpredictability that this pandemic has brought onto the economy. Cloud and colocation will be required to support company operations with digital infrastructure. Many of the world’s largest cloud service providers are thinking about creating cloud regions within its boundaries as a result of its tremendous development potential. Cloudgear as one of local Indonesian cloud service provider wants to take this opportunity to grow their business. Cloudgear has a comprehensive service portfolio consisting of Infrastructure as a Service (IaaS), Software as a Service (SaaS), Professional as a Software (PaaS), professional services, and multi-cloud services. However, based on the initial interview with ten cloud engineers and specialists in different companies, most of them are not aware that Cloudgear is a local Indonesian cloud service provider. Therefore, the next challenge is how to improve brand awareness of Cloudgear by formulating the right marketing strategy. Because it will strengthen the brand and develop Cloudgear competitive advantage for the company’s future growth. This research is objected to analyse Cloudgear internal, external conditions, analyse the factors that influence the brand awareness, and propose the most suitable marketing strategy in building Cloudgear brand awareness. Brand awareness is affected by advertising, social media, word of mouth and publicity. In this research, advertising, social media, word of mouth and publicity are being analysed whether it has significant positive influence to cloud service providers brand awareness or not. The hypothesis are that each of these factors have positive influence to cloud service brand awareness by performing customers analysis. Questionnaire was distributed to two hundred samples. Then, the data were processed by SPSS using multiple linear regression method. Several tests were conducted consisted of validity test, reliability test, normality test, and linearity test. After the data were valid, reliable, normal, and linear, analysis continued by doing multiple linear regression. The results are there is significant effect of each advertising, social media, word of mouth and publicity to brand awareness of cloud service provider. Determination test is resulted these variables have 50.1% influence. When F Test was conducted, the result was these variables if tested simultaneously or simultaneously have an effect on cloud service brand awareness. Therefore, the proposed marketing strategy for Cloudgear is related to improvement in advertising, social media, word of mouth and publicity in order to increase their brand awareness as a local Indonesian cloud service provider.

Proposed Integrated Marketing Communication (IMC) to Increase Patient Visits of Assyifa Specialist Clinic

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The Covid-19 pandemic has caused a catastrophe in the healthcare sector and a customer shifting trend in how patients choosing a healthcare service as their medication platform. Furthermore, social media and internet users are both rapidly rising and individuals nowadays are also prone to being more aware of their health concerns. Healthcare services that are incapable to compete within the industry, survive the business and adapt to the changing consumer behavior will likely face the major issues. This study analyzed the business problem of Assyifa Specialist Clinic who faced a decreased in the patient visits and revenue in surviving the private clinic in the midst of Covid-19 outbreak. The author used Segmenting, Targeting and Positioning (STP), Integrated Marketing Communication (IMC) and value proposition canvas analysis through the quantitative research method to propose the marketing strategy to increase patient visit of Assyifa Specialist Clinic. The study found that there is still lack of clinic promotion and the access of clinic information is still low. Meanwhile, the current customers of Assyifa Specialist Clinic are mostly critical, curious, high self-awareness, smart and oversharing behaviors with health conscious, social media users, technology savvy, financially literate, well-educated and hygiene conscious lifestyle and in middle to high income level. To overcome, the gap between the Assyifa Specialist Clinic and the customers, the author intends to propose new marketing strategy as the business solution of Assyifa Specialist Clinic issue.

The Oilfield Service Company’s Business Development Strategy towards a Sustainable Energy with Scenario Planning

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Since the Paris Agreement where the countries in the world commit for the carbon emission reduction and net zero in 2050 or sooner, the energy transition has become the top topic in the energy sector. The oil-field services (OFS) industry is one of the business actors in the O&G supply chain with complex value chains, business structures, and models, and this research will explore scenario planning on the energy sector in Indonesia to have a forward-looking view of future O&G conditions in Indonesia including the energy transition which later became the key focal issue in this research. Scenarios are made based on the key driving factors and uncertainties that have been identified through the analysis of primary data from stakeholder interviews and secondary information from various literature studies. Furthermore, Scenarios are constructed based on how society responds to sustainable consumption and supporting infrastructures such as regulatory policies, the economic and investment environment, as well as technology and innovation. The four scenarios are (i) Empty Boat, (ii) Leaking Boat, (iii) Rocking the boat, and (iv) Rowing to Win. This research describes the implications, options, and strategies for each scenario which can then be taken into consideration by Green Bay Hornet Company (GBH) as an OFS company to enable proactive decisions and evaluate strategies to be resilient in each scenario. Reassessing the energy market, business conditions, and core competencies and how to expand and diversify technology, product, and service portfolios to renewable energy and decarbonizing initiatives in their operation is some of the strategies to expedite the transition in 2035.

Corporate Renewable Energy Procurement Prioritization Using Analytic Hierarchy Process (AHP) by Energy Service Company Perspective in Response to COP26

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To be able to participate in the COP26 commitment to work together to make clean and sustainable solutions, making clean power is the most affordable and reliable option for Indonesia to meet its power needs efficiently by 2030. The purpose of this research is to create a prioritization of prospective renewable energy projects from the point of view of a service company as an oil and gas company’s contractor. These include Indonesia’s prospective projects, which are geothermal or carbon capture and utilization, and decarbonization or reduction emission from existing services. This research also decides criteria that important for service company in providing renewable energy. A literature study, interviews with key decisionmakers in the company, questionnaires to company experts, and a questionnaire to practitioners in the industry were done to determine the criteria and prioritization technique. Four criteria of governance, marketing and sales, financial and project management were found to support the prioritization process using the Analytical Hierarchy Process (AHP). Among the nine sub-criteria, the sub-criteria with the highest global weights are profitability, cashflow, and service quality assurance.

Implementation of Magic Formula and Acquirer’s Multiple Stock Investment Strategy in The Indonesia Stock Exchange

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The Indonesia Capital Market has experienced a significant increase in investors from 2019 until now. The increase in the number of new Indonesian capital market investors is dominated by people under 30 years who prefer to invest in stocks and mutual funds. This increase in new investors does not follow by high financial literacy. Research regarding financial literacy and investment return in Indonesia showed that financial literacy affects investment return. Therefore, Indonesia’s new investors will most likely experience losses due to their lack of financial literacy. Even though there are equity funds for novice stock investors that help them minimize the error they would make if they invest themselves, they cannot choose the equity funds randomly since most equity funds cannot beat the market benchmark. This study proposed using the Magic Formula and Acquirer’s Multiple as an investment strategy for new investors in Indonesia. Both Magic Formula and Acquirer’s Multiple generated an average annual return greater than the market and Indonesia Equity Funds listed since 2016 with an average return of 26,24% and 26,32% annually. The Sharpe ratio of both methods also generated a higher ratio than the market, where Magic Formula generated an average Sharpe ratio of 0,930 annually, while Acquirer’s Multiple generated an average ratio of 1,038. The acquirer’s Multiple is recommended for novice investors because it outperforms the Magic Formula and the market in terms of actual annual returns and risk-adjusted returns.

The Effect of Earning Asset Quality and Loan to Deposit Ratio on Non-Performing Loan of Rural Banks: Comparison between before and during the Covid-19 Pandemic

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This study aims to analyze the effect of Loan to Deposit Ratio (LDR) and Earning Asset Quality (EAQ) on Non-Performing Loan (NPL) before and during the Covid-19 pandemic. The data used in this study are the quarterly reports of rural banks in Central Java from 174 banks. Data analysis was carried out by comparing multiple linear regressions before and during the Covid-19 pandemic. The results show that the Covid-19 pandemic can strengthen the negative relationship between LDR and NPL, as well as strengthen the positive relationship between EAQ and NPL. LDR before the Covid1-19 pandemic had an insignificant negative effect, but during the pandemic it had a negative and significant effect. Whereas EAQ had a positive effect on NPL both before and during the Covid-19 pandemic.