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Jakarta, CNBC Indonesia – Increase hcigarette stock price that from the morning ran fast trimmed at the close of trading session I, Thursday (10/12/2020). This thing happened after PThe government through the Minister of Finance, Sri Mulyani Indrawati, finally decided to raise it cigarette tax rates from 2021.
“We will increase the cigarette excise tax by 12.5% (on average) in 2021,” said Sri Mulyani, on Thursday (11/10/2020), at a virtual press conference.
At the close of trading session I, trade data noted, of the 5 publicly traded cigarette manufacturers that spoke on the stock exchange, all were successfully traded in the green zone.
However, the CNBC Indonesia research team assessed that the potential decline in all five issuers was very large, because previously market players had expected that there would be no increase in excise duty.
In fact, the rise in cigarette stocks has started to trim before the close of the first session.
KThe increase in cigarette stocks in today’s trading was led by PT Wismilak Inti Makmur Tbk (WIIM), which managed to increase 7.56% to the price level of 640 Rp / unit. Previously, WIIM had soared as much as 10.52%.
Furthermore, for the cigarette stocks with the highest market capitalization on the stock exchange, PT HM Sampoerna Tbk (HMSP) managed to occupy the second position after skyrocketing 3.06% to the price level of Rs 1,815 / pc.
At the start of trading, HMSP shares soared to 6.68% at the level of 1,915 IDR / unit
Meanwhile, another large capitalized cigarette stock in the market, namely PT Gudang Garam Tbk (GGRM), also managed to increase 3.78% at a price level of Rp 48,000 / unit. This morning, GGRM also managed to jump 4.99% through the 49.975 Rp / unit level.
The other two cigarette issuers, PT Bentoel International Tbk (RMBA), were up 3.74% to the 388 rupee level, and PT Indonesian Tobacco Tbk (ITIC) was up 0.53% at 950 rupees / unit share.
Just announced Finance Minister Sri Mulyani Indrawati finally decided to increase excise tax rates on cigarettes in 2021. The increase in excise taxes on cigarettes in 2021 is an average of 12.5 percent.
With this, the price of cigarettes may be more expensive in 2021 by up to 14%.
“Increased CHT [Cukai Hasil Tembakau] This will make cigarettes more expensive or increase to 13.7-14% so that they cannot be bought, ”said Sri Mulyani.
Below are the details of the increase in excise tax rates in 2021:
Kretek Cigarette Machine (SKM)
SKM 1: Rp 125 / Rod Increase or 16.9% [Tarif Cukai 2021 Rp 865/Batang)
SKM IIA : Rp 65/Batang atau 13,8% [Tarif Cukai 2021 Rp 535/Batang]
SKM IIIB: IDR 70 / rod or 15.4% [Tarif Cukai 2021 Rp 525/Batang]
Regarding SPM or machine white cigarettes
SPM I: Rp 145 / Batang or 18.4% [Tarif Cukai 2021 Rp 935/Batang]
SPM II A: IDR 80 / rod or 16.5% [Tarif Cukai 2021 Rp 565/Batang]
SPM IIIB: IDR 470 / rod or 18.1% [Tarif Cukai 2021 Rp 555/Batang]
“So for an average of 12.5%, the increase is. For hand-rolled kretek cigarettes, it will not increase in 2021,” Sri Mulyani said.
CNBC INDONESIA RESEARCH TEAM
[Gambas:Video CNBC]
(trp / trp)
