Analisa Fundamental dan Teknikal Sebelum dan Sesudah Merger Pada Perusahaan Ciputra Development di Tahun 2017

Abstract

On January 12, 2017, there will be a merger of 3 Ciputra Group companies into one that is coded CTRA. The purpose of this study is to provide an overview and consideration to investors or potential investors before deciding to buy CTRA shares. Second, to analyze stock price movements before and after the merger of CTRA shares. This study uses qualitative methods using literature studies. The timeline that will be used in this research is (1) before the merger, (2) at the time of the merger, (3) after the merger. Based on the fundamental analysis: CTRA's stock valuation is increasing, and CTRA shares are getting more liquid because the number of shares outstanding is greater, and is more often traded on the exchange. ROE from CTRA has not changed much, still in the range of 6% per year. Based on technical analysis, it can be concluded that the movement of CTRA shares throughout 2017 tends to form a bearish trend. Based on the results of the impact of corporate policy analysis: KPR payment schemes are increasingly attractive by CTRA, broader diversification, and CTRA is able to access financial resources from CTRP and CTRS that were previously separate.