MCOR - PT. Bank China Construction Bank Indonesia Tbk

Rp 62

+1 (+1,61%)

JAKARTA - PT Bank China Construction Bank Indonesia Tbk (MCOR) is quite an ungenerous issuer, indicated by its insistent refusal to give out dividend to its shareholders. Within the past three years, MCOR has yet to distribute dividend despite consistently profiting.

The data compiled by IDNFinancials today (8/6) shows that the shareholders agreed to reassign the entire net profit as mandatory reserves and retained earnings to improve its capital structure.

in 2019, the issuer collected net profit of IDR 78.96 billion, declining 35.06% to IDR 49.97 billion in 2020, before gaining back its strength and rising 58.85% to IDR 79.39 billion in 2021. It then soared 71.25% to IDR 135.95 billion in 2022.

Until April 2023, MCOR’s shares were reported at 37.91 billion shares, with the shareholder structure consist of China Construction of 60%, UOB Kay Hian Pte of 8.21%, Johnny of 6.89%, and the public of 24.9%.

Yesterday (7/6), MCOR’s stock was closed at IDR 71 per share, its lowest throughout the session. It even only peaked at IDR 72 per share. Then, the traded shares clocked up to 1.92 million units, recorded within 161 transactions worth IDR 137.68 million in total. (LK/ZH)