Ada apa dengan MDKA? Harga Tembaga Naik, Akankah Prospek Saham Menggila? | Equity Review

Summary

In this video, Cheril Tanuwijaya discusses the impressive performance of gold prices in 2024, noting a 28% increase year-to-date, with a peak of $2,600 per ounce. The analysis highlights key factors driving this surge, including declining interest rates, geopolitical tensions, and rising demand from central banks. The video also compares the performance of gold-related stocks, particularly PT Merdeka Copper Gold (MDKA), and explores its financial results, market capitalization, and investment outlook. Overall, the content aims to educate viewers about the dynamics of gold investment and the broader market context.

Takeaways

• 😀 Gold prices have risen by 28% year-to-date as of October 14, 2024, reaching a record high of $2,600.85 per Troy ounce.
• 📈 Over the last decade, gold prices have experienced volatility, with three negative years, but have a CAGR of 8.3% from 2014 to 2024.
• 📉 Key factors influencing the rise in gold prices include decreasing interest rates, geopolitical tensions, and increased demand from central banks.
• 🔍 Comparing gold producers, PT Merdeka Copper Gold (MDKA) saw a 5% decline year-to-date, while other producers had varying performances.
• 🏦 MDKA is primarily publicly owned (63.77%) and has a significantly higher market capitalization of IDR 2.41 trillion compared to Antam.
• 🚀 MDKA’s revenue has grown from $520,000 in 2023 to $1.93 million in 2024, driven mainly by copper and nickel sales.
• 💰 While gross profits increased, production costs have doubled, leading to a slight decrease in overall profit margin to 8.1%.
• 📊 MDKA’s net profit margin is still relatively low at 9%, but it reflects positive growth from the previous year’s losses.
• 🏗️ The enterprise value of MDKA is estimated at $4.84 billion, with a fair share price calculated at IDR 3,050.
• 🤝 Major investments from BlackRock and Credit Agricole indicate strong interest in MDKA’s potential growth.

Q & A

What was the year-to-date increase in gold prices as of October 14, 2024?

As of October 14, 2024, gold prices increased by 28% year-to-date.

What is the significance of the price $2,600.85 per troy ounce?

The price $2,600.85 per troy ounce represents a record high for gold prices in 2024.

How many negative years did gold performance experience over the past decade?

Over the past decade, gold performance experienced three negative years.

What is the compound annual growth rate (CAGR) of gold prices from 2014 to 2024?

The CAGR of gold prices from 2014 to 2024 is 8.3%.

What economic factors are influencing the rise in gold prices in 2024?

Factors influencing the rise in gold prices in 2024 include declining interest rates, geopolitical tensions, and increased demand from central banks.

What was the year-to-date performance of MDKA as mentioned in the transcript?

MDKA's year-to-date performance was a decline of 5%.

Who are the major shareholders of PT Merdeka Copper Gold (MDKA)?

The major shareholders of MDKA include public ownership (63.77%), Saratoga Investama (18.85%), Suwarna Arta Mandiri (5.5%), and Mitra Daya Mustika (11.88%).

What significant revenue change did MDKA experience in the first half of 2024?

In the first half of 2024, MDKA's revenue increased significantly from $520,000 to $1.93 million.

What is the estimated enterprise value of MDKA as discussed in the script?

The estimated enterprise value of MDKA is $4.84 billion.

What are the three positive and three negative aspects of MDKA's performance in 2024?

Positive aspects include potential demand increases for industrial metals, proactive Chinese government stimulus, and strong gold commodity prices. Negative aspects involve risks of project delays, potentially lower industrial metal demand, and uncertainties in interest rate policies.