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Financial Performance and Share Price of PT Barito Renewables Energy Tbk Post-Acquisition Nurfaiza, Anggita; Fuada, Nurul
Amsir Accounting & Finance Journal Vol 3 No 2 (2025): Juli
Publisher : Fakultas Bisnis Institut Ilmu Sosial dan Bisnis Andi Sapada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56341/aafj.v3i2.620

Abstract

This study aims to analyze the effect of fundamental performance changes on stock price movements in PT Barito Renewable Energy Tbk. (BREN) before and after the acquisition. The data used includes financial ratios in the form of Return On Equity (ROE), Debt to Asset Ratio (DAR), and Current Ratio (CR) from the quarter before and after the acquisition as well as historical data on stock price movements in the same period, the results of the study show that after the acquisition ROE had decreased but increased again and remained stable and the current ratio (CR) decreased. Despite the improvement in fundamental performance, the stock price remains highly volatile and subject to sharp declines. This shows that stock price movements are not entirely influenced by fundamentals but also by market sentiment.
Financial Performance and Share Price of PT Barito Renewables Energy Tbk Post-Acquisition Nurfaiza, Anggita; Fuada, Nurul
Amsir Accounting & Finance Journal Vol. 3 No. 2 (2025): Juli
Publisher : Fakultas Bisnis Institut Ilmu Sosial dan Bisnis Andi Sapada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56341/aafj.v3i2.620

Abstract

This study aims to analyze the effect of fundamental performance changes on stock price movements in PT Barito Renewable Energy Tbk. (BREN) before and after the acquisition. The data used includes financial ratios in the form of Return On Equity (ROE), Debt to Asset Ratio (DAR), and Current Ratio (CR) from the quarter before and after the acquisition as well as historical data on stock price movements in the same period, the results of the study show that after the acquisition ROE had decreased but increased again and remained stable and the current ratio (CR) decreased. Despite the improvement in fundamental performance, the stock price remains highly volatile and subject to sharp declines. This shows that stock price movements are not entirely influenced by fundamentals but also by market sentiment.
PENGARUH KOMPETENSI APARAT DESA DAN IMPLEMENTASI SISKEUDES DI ERA DIGITAL TERHADAP AKUNTABILITAS PENGELOLAAN DANA DESA DI KECAMATAN TELLU LIMPOE KABUPATEN BONE Satriyanah, Dewi; Basir MR, Basri; Fuada, Nurul
Pendas : Jurnal Ilmiah Pendidikan Dasar Vol. 11 No. 02 (2026): Volume 11 No. 2, Juni 2026 Publish
Publisher : Program Studi Pendidikan Guru Sekolah Dasar FKIP Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jp.v11i02.48417

Abstract

This study aims to analyze the influence of village apparatus competence and the implementation of SISKEUDES (Village Financial Management Information System) in the digital era on the accountability of village fund management in Tellu Limpoe District, Bone Regency. The increasing allocation of village funds, reaching Rp10.22 billion in Tellu Limpoe in 2024, demands strong accountability mechanisms supported by competent human resources and reliable information systems. This study employs a quantitative causal-associative approach with a survey method and explanatory research design. Primary data were collected through questionnaires distributed to 77 village apparatus members and BPD members across 11 villages. The research instrument used a Likert scale and data were analyzed using multiple linear regression with SPSS version 25. The results show that village apparatus competence has a positive and significant effect on the accountability of village fund management (t = 5.353; sig. = 0.000). The implementation of SISKEUDES has a positive but not significant effect (t = 1.574; sig. = 0.120). Simultaneously, both variables significantly influence accountability (F = 27.432; sig. = 0.000), explaining 42.6% of the variance. These findings indicate that improving village apparatus competence is a critical factor in enhancing accountability in the digital era, while SISKEUDES implementation still requires optimization of technological infrastructure to deliver its full potential impact.
ANALISIS KINERJA INVESTASI EMAS DAN SAHAM PT ANEKA TAMBANG MENGGUNAKAN PENDEKATAN SHARPE RATIO PERIODE 2020–2025 Satriani, Nilla; Rayyani, Wa Ode; Fuada, Nurul
Pendas : Jurnal Ilmiah Pendidikan Dasar Vol. 11 No. 02 (2026): Volume 11 No. 2, Juni 2026 Publish
Publisher : Program Studi Pendidikan Guru Sekolah Dasar FKIP Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jp.v11i02.48423

Abstract

This study aims to analyze the return and risk levels, as well as investment performance based on the Sharpe ratio, between ANTAM gold bullion and ANTM shares for the 2020-2025 period. The study uses a quantitative descriptive approach with secondary data in the form of monthly closing prices of ANTAM gold, ANTM share prices, and the BI Rate as a proxy for the risk-free rate. The analytical methods used include calculating returns, standard deviations, and the Sharpe ratio. The results show that ANTAM gold has a consistent positive return pattern during the crisis period with a moderate risk level and a downward trend. Meanwhile, ANTM shares exhibit high volatility with very high returns only in 2020 and 2025. From 2022 to 2024, ANTM shares experienced prolonged pressure due to a global commodity oversupply and rising interest rates. Based on the Sharpe ratio, ANTAM gold recorded positive values in five of the six observation years, with a peak efficiency of 3,921 in 2025. Meanwhile, ANTM shares only achieved positive values in 2020 (1,325) and 2025 (1,832). Gold's ability to maintain a positive Sharpe ratio across nearly all periods makes it superior as a long-term investment instrument that prioritizes value stability. ANTM shares can be an option for aggressive investors willing to endure high volatility and able to understand global commodity cycles. The combination of the two instruments is considered strategic for creating a balance between risk and return in portfolio management.