JAKARTA - PT Golden Energy Mines Tbk (GEMS) manages to secure its position in Indeks Tempo-IDNFinancials 52 after annual major evaluation. For the next year, GEMS will still be listed under two categories: High Growth and High Dividend, as well as entering the new one: Big Market Capitalisation.

GEMS reported solid net profit growth from 2019 until 2022, although slightly sloping in 2023 as the industry weakened following declining commodity prices.

According to IDNFinancials data, its compound annual growth rate (CAGR) of net profit still manages to reach 54.64% for the past 5 years.

Not only that, GEMS is known as the company with dream dividend allocation for investors. The dividend schedule of this Sinarmas Group’s mining entity can occur up to 3 rounds of distribution, consisting of 2 interim dividends and 1 final dividend.

Even when its net profit slipped from USD 10.63 million in 2022 to USD 7.98 million in 2023, the dividend yield skyrocketed from 15.81% to 21.26%. It brings the average dividend yield within the past 5 years to 13.78%.

Until March 2024, GEMS’s market capitalisation was reported at IDR 34.7 trillion, quite ahead within its industry sector. In addition, stable growth and consistent dividend distribution schedule further cements GEMS’s position in High Growth, High Dividend, and Big Market Cap categories of Indeks52.

It is worth mentioning that Indeks Tempo-IDNFinancials 52, or Indeks52, is the index launched from a collaboration between Tempo and IDNFinancials. It was officially launched on June 23, 2023. Annually, an evaluation will take place to recalculate constituents’ performance within the past year.

This year, the evaluation delivers the names of 11 new issuers listed in Indeks52, replacing 23 old ones, thus bringing total issuers in Indeks52 to 84, effective until June next year. (ZH)