LK BTPS Buat Harga Saham Meroket! Gimana Prospek Kedepannya?

Summary

In this video, Rivan Kurniawan discusses the performance of BTPS in Q1 2025, highlighting key catalysts that contributed to its 17.5% share price rise. The analysis covers an increase in financing receivables and margin income, a significant drop in the CKPN burden, and an improvement in asset quality. Despite a few areas needing attention, such as financing receivables, BTPS's overall performance shows progress. Rivan also shares insights from an analyst meeting, focusing on business expansion outside Java and targeting micro-segments. The video concludes with an invitation to join Rivan’s Investing Plan for more insights.

Takeaways

• 😀 BTPS's share price recently rose by 17.5% following the release of the Q1 2025 financial report, signaling a positive market reaction.
• 😀 Despite a declining share price over the past 1-2 years, BTPS's performance in Q1 2025 showed signs of recovery, with share prices rising from IDR 830 to IDR 1140.
• 😀 Financing receivables for BTPS increased to IDR 9.47 trillion in Q1 2025, indicating a recovery in loan growth after a period of decline in 2023-2024.
• 😀 BTPS's margin income increased by 13.5% month-on-month in March 2025, despite a weak economy, showing resilience in its operations.
• 😀 On a quarterly basis, BTPS's margin income declined slightly by 5.5%, but the monthly growth indicated recovery trends.
• 😀 The decrease in BTPS's CKPN burden (allowance for impairment losses) from 1-150 billion per month to around 70 billion per month represents a significant improvement in financial stability.
• 😀 BTPS's net profit in March 2025 increased by 34.7% compared to the previous month, bolstered by lower CKPN and improved income margins.
• 😀 BTPS's Non-Performing Financing (NPF) ratio improved in Q1 2025, with the company focusing on maintaining its credit quality while reducing problematic loans.
• 😀 On-time repayment reached 88.9% in Q1 2025, which is a significant improvement from previous years, with a target of 95% set by management for future performance.
• 😀 Management plans to focus on expanding BTPS's business scale outside Java, targeting customers with better repayment histories, and exploring new business segments in 2025 and beyond.

Q & A

What was the recent change in BTPS's share price, and what prompted it?

BTPS's share price recently rose by 17.5%, coinciding with the release of the 1st quarter 2025 financial report.

How did BTPS’s share price perform over the last 1-2 years before the recent rise?

BTPS's share price had been falling over the past 1-2 years, reaching its lowest price of 830 in early April before starting to rise to around 1140.

What are some of the positive catalysts that contributed to BTPS’s improved performance in Q1 2025?

The positive catalysts include an increase in financing receivables, a rise in margin income, a decrease in CKPN burden, and improving asset quality.

What trend was observed in BTPS's financing receivables in Q1 2025?

Financing receivables increased to IDR 9.47 trillion in Q1 2025, showing a recovery in the loan growth rate after decreasing in 2023 and 2024.

How did BTPS’s margin income change in Q1 2025 compared to the previous month?

BTPS's margin income in March 2025 was IDR 453 billion, which represented a 13.5% increase compared to the previous month (IDR 399 billion).

Did BTPS’s margin income experience any decline in Q1 2025?

Yes, on a quarterly basis, BTPS's margin income declined slightly from IDR 1.37 trillion to IDR 1.3 trillion, a decrease of about 5.5%.

What improvement was seen in BTPS’s CKPN (allowance for impairment) in Q1 2025?

BTPS saw a decrease in CKPN, with its formation dropping from over 100 billion to only around 70 billion per month in March 2025, marking a significant improvement.

How did BTPS’s net profit perform in March 2025 compared to the previous month?

BTPS's net profit in March 2025 was IDR 115.2 billion, reflecting a 34.7% increase compared to the previous month.

What improvement was seen in BTPS’s asset quality and NPF (Non-Performing Financing) in Q1 2025?

BTPS's NPF trend improved in Q1 2025 compared to Q4 2024, and its on-time repayment rate reached 88.9%, which was higher than in previous years.

What steps is BTPS planning to take for future business expansion?

BTPS plans to expand its business outside Java, targeting non-Javanese customers who have a better payment history, and also to explore new business segments aimed at a larger customer base with lower profit-sharing rates.