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Stock And Business Valuation Of Indonesian Real Estate Company Post Covid-19 Pandemic (Sinarmas Land Ltd.) Nadhifian Reksoprodjo, Risyad; Aswin Rahadi, Raden
GEMA EKONOMI Vol 12 No 5 (2023): GEMA EKONOMI
Publisher : Fakultas Ekonomi Universitas Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55129/https://doi.org/10.55129/.v12i4.2927

Abstract

The real estate industry in Indonesia has been a key driver of the country’s development and economic growth and has seen sustained growth throughout the years. However, challenges do exist in the industry, ranging from oversaturation of products in the market, to temporary lowered demand due to the Covid-19 pandemic. Despite these challenges, the sector is still very promising and expected to grow rapidly in the coming years. Investing into this industry could be a viable venture, and one of the ways to do it is to invest in one of Indonesia’s real estate developers such as Sinarmas Land Ltd, one of the largest development corporations in Indonesia. Before investing into the company, it is vital to study and do due diligence on the market and the company itself, and that is the goal of this journal, which presents a comprehensive valuation analysis of Sinarmas Land Ltd (A26:SGX), which employs financial ratio analysis, absolute valuation using the Discounted Cash Flow (DCF) method, and relative valuation using the Price to Equity Ratio (PER) and Enterprise Value to EBIDTA (EV/EBITDA) method. This study will be valuable to potential investors, analysts, and industry participants seeking to make informed decisions and capitalize on the opportunities presented by the Indonesian real estate sector
Quantitative Study of Startup Valuation and Strategy Post 2022 Winter Fajrin Rasyid, Muhamad; Sumirat, Erman; Aswin Rahadi, Raden
Journal of World Science Vol. 2 No. 2 (2023): Journal of World Science
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jws.v2i2.226

Abstract

Introduction: In 2022, the market capitalization of some publicly traded technology companies is declining. This period is commonly referred to as "winter" because it is more challenging for startups to get funding from investors. The study seeks to understand the impact of winter 2022 on the valuation and strategy of privately funded startups, focusing on five variables: sector, funding stage, relative market position, profitability, and founder's contribution/strength. Method: Quantitative analysis relies on survey responses from 180 startup founders in Indonesia who specialize in six industries: retail/e-commerce, fintech, agriculture/fisheries, healthcare, logistics, and education. Path Analysis is then applied to the data to determine the relationships between variables. Result: This research shows that profitability and founders' contributions/strengths impact startup valuation. Furthermore, relative market position and profitability have an impact on startup strategy. Finally, a decrease in valuation multiples for startups affects their strategy. Conclusion: This research can guide startup founders as they grow their businesses, especially in relation to the five variables listed above. Future research may be conducted on other variables, sectors, countries, or similar topics later/period.
Stock And Business Valuation Of Indonesian Real Estate Company Post Covid-19 Pandemic (Sinarmas Land Ltd.) Nadhifian Reksoprodjo, Risyad; Aswin Rahadi, Raden
GEMA EKONOMI Vol 12 No 5 (2023): GEMA EKONOMI
Publisher : Fakultas Ekonomi Universitas Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55129/https://doi.org/10.55129/.v12i4.2927

Abstract

The real estate industry in Indonesia has been a key driver of the country’s development and economic growth and has seen sustained growth throughout the years. However, challenges do exist in the industry, ranging from oversaturation of products in the market, to temporary lowered demand due to the Covid-19 pandemic. Despite these challenges, the sector is still very promising and expected to grow rapidly in the coming years. Investing into this industry could be a viable venture, and one of the ways to do it is to invest in one of Indonesia’s real estate developers such as Sinarmas Land Ltd, one of the largest development corporations in Indonesia. Before investing into the company, it is vital to study and do due diligence on the market and the company itself, and that is the goal of this journal, which presents a comprehensive valuation analysis of Sinarmas Land Ltd (A26:SGX), which employs financial ratio analysis, absolute valuation using the Discounted Cash Flow (DCF) method, and relative valuation using the Price to Equity Ratio (PER) and Enterprise Value to EBIDTA (EV/EBITDA) method. This study will be valuable to potential investors, analysts, and industry participants seeking to make informed decisions and capitalize on the opportunities presented by the Indonesian real estate sector
Digital Car Showroom Business Strategy in the Automotive Industry: Its Impact on Consumer Behavior in PT. Carro Indonesia Fahmi Fahrurrodzi, Muhammad; Aswin Rahadi, Raden
Jurnal Indonesia Sosial Teknologi Vol. 5 No. 7 (2024): Jurnal Indonesia Sosial Teknologi
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jist.v5i7.1105

Abstract

This study aims to identify consumer behavior towards the development of business models carried out by showrooms and dealers, especially Carro Indonesia which is based on digital startups, and create a strategic position to gain a competitive advantage in the car buying and selling industry. To analyze the environmental factors of this business externally using PESTEL and Porter's 5 strengths, then internal analysis through VRIO and SWOT. This research method uses qualitative and quantitative methods, with data collection conducted online and offline, using in-depth interviews and questionnaires. Data analysis was conducted using content analysis and Analytical Hierarchy (AHP) survey process. As for determining critical adoption factors for consumer behavior in buying a car by doing 4 criteria and 15 sub-criteria. AHP is a methodical framework that establishes a hierarchical structure with interdependent layers, analyzes the weights of various aspects, and evaluates potential actions with regard to existing structures. AHP has been used to prevent contradictory situations in research. As a result, interview data must be presented in quantitative form, i.e. how AHP ensures consistency of its findings because statements in qualitative interviews can be weighted. Then from the results of this study, each stakeholder can use this research as a basis for decision making to determine the company's steps to increase the level of adoption of services that are used as company products that are in accordance with the car buying and selling market.
Business Potential of Post-Harvest Processing of Robusta Coffee in Jangkat Village, Merangin District Wira Alanda, Dhio; Aswin Rahadi, Raden
Journal of Economics and Business UBS Vol. 12 No. 2 (2023): Regular Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i2.157

Abstract

Jangkat coffee or Merangin Robusta coffee is a variety of Robusta coffee that is one of the leading commodities from the highlands of Merangin district, Jambi province. Jangkat robusta coffee has high potential because it already has its own geographical indication area and has a very good taste score if proper post-harvest processing is carried out. There is huge potential to develop business by investing in post-harvest production of Robusta coffee greenbeans due to the large availability of raw materials there and also very few other companies engaged in the post-harvest coffee production processing industry in the area. Companies that want to invest in this area are expected to create value and profit by adhering to coffee certification and traceability standards and selling to business-to-business customers and this can be done by providing education to coffee farmers.