JAKARTA. Following the annual evaluation of Indeks52, PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) is still listed under 3 categories, namely Main Index, High Growth, and High Dividend, after being deemed capable of maintaining performance and meeting the criteria. 

BJBR is known to record market cap of IDR 12.6 trillion as of March 2024, the second lowest among banking companies listed in Indeks52. However, its stock liquidity seems quite solid, with total shareholders of 29,218 shareholders, and an average of 1.87 million shares being traded in 829 transactions per day. Its public shares’ portion is also quite extensive, with free float of 24.45%.

In addition to Main Index, BJBR is deemed quite successful in maintaining its growth rate, with compound annual growth rate (CAGR) for the past 5 years recorded at 2.67%, mostly dragged down due to its slight decline in net profit of 2023 to IDR 1.68 trillion from IDR 2.2 trillion in 2022. However, its net profit had been consistently increased from 2019 to 2022.

In terms of dividend, BJBR is also proven to be quite generous, reporting average dividend yield for the past 5 years of 11.43%, driven by its most recent and highest-yet dividend yield for fiscal year (FY) 2023 of 20.25%.

With these criteria list checked, BJBR is deserving of its three spots at Main Index, High Growth, and High Dividend categories of Indeks52.

For the record, Indeks52 is the index born out of a collaboration between Tempo and IDNFinancials, which could serve as an alternative index to be referenced for future investors in the stock market, as it only selects high-quality issuers and stocks in Indonesia Stock Exchange (IDX). (ZH)