Amsir Accounting & Finance Journal
Vol 3 No 2 (2025): Juli

Financial Performance and Share Price of PT Barito Renewables Energy Tbk Post-Acquisition

Nurfaiza, Anggita (Unknown)
Fuada, Nurul (Unknown)



Article Info

Publish Date
31 Jul 2025

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.

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Journal Info

Abbrev

aafj

Publisher

Subject

Economics, Econometrics & Finance

Description

Amsir Accounting & Finance Journal (AAFJ) is a peer-reviewed journal published by the Faculty of Business, Institut Ilmu Sosial dan Bisnis Andi Sapada. ALJ is published twice a year in January and July. This journal provides direct open access to content with the principle of free availability in ...