Unilever Indonesia Tbk Research Articles

On The Value at Risk Using Bayesian Mixture Laplace Autoregressive Approach for Modelling the Islamic Stock Risk Investment

Stocks are known as the financial instruments traded in the capital market which have a high level of risk. Their risks are indicated by their uncertainty of their return which have to be accepted by investors in the future. The higher the risk to be faced, the higher the return would be gained. Therefore, the measurements need to be made against the risk. Value at Risk (VaR) as the most popular risk measurement method, is frequently ignore when the pattern of return is not uni-modal Normal. The calculation of the risks using VaR method with the Normal Mixture Autoregressive (MNAR) approach has been considered. This paper proposes VaR method couple with the Mixture Laplace Autoregressive (MLAR) that would be implemented for analysing the first three biggest capitalization Islamic stock return in JII, namely PT. Astra International Tbk (ASII), PT. Telekomunikasi Indonesia Tbk (TLMK), and PT. Unilever Indonesia Tbk (UNVR). Parameter estimation is performed by employing Bayesian Markov Chain Monte Carlo (MCMC) approaches.

PEMBENTUKAN DAN PENGUJIAN PORTFOLIO SAHAM-SAHAM OPTIMAL: PENDEKATAN SINGLE INDEX MODEL

Buying stock is one of the way investors do to obtain profit from their money. Every investor should consider two important things, return and risk. To minimize the risk, one can diversify their investment by creating optimal portfolio, which consists of different stocks with optimal return and certain degree of risk. The aim of this research was to establish and determine the optimization of optimal portfolio composed by LQ45 stocks over the period of February 2011 to January 2015. The research was trying to create optimal portfolio from thirty-eight non-financial companies stocks listed in LQ45 using single index model. From the research, the optimal portfolio is composed of TLKM (PT Telkom Indonesia Tbk), BMTR (PT Global Mediacom Tbk), JSMR (PT Jasa Marga Tbk), SSIA (PT. Surya Semesta Internusa Tbk), AKRA (PT AKR Tbk), MNCN (PT Media Nusantara Citra Tbk), WIKA (PT Wijaya Karya Tbk), ASII (PT Astra International Tbk), KLBF (PT Kalbe Farma Tbk), ASRI (PT Alam Sutera Realty Tbk), UNVR (PT Unilever Indonesia Tbk), ICBP (PT Indofood CBP Sukses Makmur Tbk), SMGR (PT Semen Indonesia Tbk), and only able to be used for six months. The optimal portfolio gives 0.242% returns for a week with 1.122 value of beta. Majority of the aggressive portfolio have higher return toward risk then portfolio moderate and conservative.

PEMODELAN HARGA SAHAM BLUE CHIP MENGGUNAKAN VECTOR AUTOREGRESSIVE (VAR)

In a stock exchange in the capital market, the most in demand by investors is stocks. Shares are securities which shows the ownership of the company, so that shareholders have the right to a dividend or other distribution of profit sharing as well as by the company to its shareholders. The capital market is an indicator of economic progress and support the economy of a country. In this decade, the stock market has experienced rapid development due to pressure from technological change, liberalization and globalization. These changes affect the behavior of the capital markets and cause long-term balance and improving the relations between the world's capital markets. Otherwise interconnected capital markets if the two separate markets have the same movement and the correlation between the movement of the index. Capital markets in the region are likely to have the same movement and the effects of contagion (contagion effect) is high (1). During the observation period, October 2015 to March 2016, there was a phenomenon in which IHSG is not always the same and has a correlation with the movement of world stock market indices. It is also supported by the differences found in the results of some previous studies. The purpose of this study was to determine the relationship between stocks bluechip : Astra International Tbk (ASII), Unilever Indonesia Tbk (UNVR), Astra Agro Lestari Tbk (AALI), Bank Rakyat Indonesia Agroniaga (AGRO) and Bank Rakyat Indonesia (BRI ). The analytical method used in this study is Multivariate Time Series, especially Vector Autoregression (VAR). The results of this study with the model produces the best model VAR (2), AGRO = 11.56 - 4.03*ASII(-1) - 4.40*ASII(-2) + 3.76*UNVR(-1) + 1.27*UNVR(-2) + 1.38*AALI(-1) + 2.54*AALI(-2) + 0.73*AGRO(-1) + 0.14*AGRO(-2) + 5.40*BRI(-1) - 1.34*BRI(-2). The value of AIC (Akaike Information Criterion) = 4.47 Keywords: BLUE CHIP, Stock Price, VAR.

PERHITUNGAN NILAI BETA DARI BEBERAPA SAHAM UNGGULAN DI INDONESIA DENGAN MENGGUNAKAN METODE GARCH

The objective of investment in the capital market is to acquire dividends and capital gain. The fact proves that the advantage of investation risky assets is uncertain . This is because of the difficulty in analyzing and predicting Return and stock losses due to factors that affect the movement of the stock price , such as economic factors , political , social , and security. The model can be used by investors in predicting stock returns expected that Generalized Autoregressive Conditional Heteroscedaticity (GARCH). In this study calculations beta value of some leading stocks in Indonesia by using Generalized Autoregressive Conditional Heteroscedaticity (GARCH) are presented . The data used this search is secondary data covering daily data sampled 5 shares of PT Unilever Indonesia Tbk , PT Indosat Tbk , PT Indofood Sukses Makmur Tbk , PT Telkom Indonesia Tbk , PT Holcim Indonesia Tbk. From the results described fifth beta value of these shares using the method GARCH beta greater than the market in the period from 23 September 2013 until 24 September 2014.

Pengaruh ROA, NPM, EPS Terhadap Return Saham Pada Emiten Jakarta Islamic Index Tahun 2010-2013

The purpose of this research is to investigate the significant effect of the variables Return On Asset and Net Profit Margin as well as the Earning Per Share partially and simultaneously to the stock return of sharia stock that were listed on Jakarta Islamic Index period 2010-2013. The approach that is used is the quantitative approach using regression analysis the data panel with four variables return on asset, net profit margin and earning per share as exogenous variable and stock return as endogenous variable. The companies that are used for this research are Astra Agro Lestari Tbk, Astra Internasional Tbk, Alam Sutera Realty Tbk, Charoen Pokphand Indonesia Tbk, Indocement Tunggal Prakarsa Tbk, Indo Tambangraya Megah Tbk, Kalbe Farma Tbk, Lippo Karawaci Tbk, PP London Sumatra Indonesia Tbk, Tambang Batubara Bukit Asam (Persero) Tbk, Semen Indonesia (Persero) Tbk, Telekomunikasi Indonesia (Persero) Tbk, United Tractors Tbk, Unilever Indonesia Tbk. The data that is used is a secondary data. All data are gathered from the annual financial report of the period 2010-2013.

IMPLEMENTASI CORPORATE SOCIAL RESPONSIBILITY (CSR) MELALUI PROGRAM PENGEMBANGAN MASYARAKAT (Studi Kasus pada Program CSR PT Unilever Indonesia, Tbk Melalui Program Pengembangan Petani Kedelai Hitam Yogyakarta)

The objective is to find out how the activities of Corporate Social Responsibility Program PT Unilever Indonesia Tbk In Black Soybean Farmers Development in Yogyakarta. The method used in this research that the case study method of research method that uses multiple sources of data that can be used to examine, describe and explain comprehensively the various aspects of individuals, groups, a program, organization or events systematically. The data obtained will be analyzed in a qualitative analysis is conducted to understand and assemble the data that has been collected and arranged systematically, and then draw conclusions. Research results show that with the implementation of Corporate Social Responsibility through community development programs, the organization can be viewed from two sides. First as a for-profit agencies, business organizations are viewed as economic institutions. But on the other hand, business organizations are also viewed as a social institution for bearing the burden of responsibility to society. The second role, namely the economic and social responsibilities that generate profits for the company and form a good image of concrete gains for both parties.

Pattern of corporate social responsibility programs: a case study

PurposeThis paper aims to identify the pattern of CSR programs run by PT Unilever Indonesia Tbk, PT Sari Husada PT, Astra International Tbk, and PT Aneka Tambang Tbk.Design/methodology/approachThe research was focused on three main areas, namely: relation of CSR programs with the companies' core businesses; coverage of the programs on triple bottom line (economic, social, and environmental); and the execution of CSR programs as sustainable development and the companies' competitive advantage. It used a qualitative approach, i.e. a case study. Primary and secondary data are in the form of information about CSR programs conducted by the four companies from sustainable reports downloaded from each respective company's web site, mass media news downloaded from the internet, and other literature studies.FindingsThe case study shows high commitment from the four companies to the execution of CSR programs and business ethics. They also attempt to carry out programs involving the triple bottom line. Also, this case study found that two consumer goods companies (Unilever Indonesia and Sari Husada) and one manufacturing company (Astra International) conduct CSR programs that are both related and unrelated to their core businesses while a mining company (Aneka Tambang) tends to conduct CSR programs that are unrelated to its core business. Another finding from this case study is that both related and unrelated programs are forms of the companies' sustainable development.Research limitations/implicationsThe primary data in this case study were only collected from the publications of CSR programs, and from company web sites or news coverage accessed via the internet, and so may be incomplete and not detailed. Therefore, it would be better to include in‐depth interviews with the companies to support the primary data in a further study. In general, this research brings a specific understanding of the qualitative research method. In particular, it gives a greater understanding of the importance of all applications in a case study. The procedures, types, designs and data analysis methods in the study case can be comprehended clearly.Originality/valueThe results of this case study can improve comprehension of the CSR concepts and theories, business ethics, sustainable development and reputations used to identify the pattern of CSR programs implemented by the four companies as research objects. Last but not least, the results of the case study give detailed comprehension regarding the CSR practices of several companies in Indonesia, based on the companies' characteristics, CSR programs' relations to the core business, CSR programs covering the triple bottom line, and the sustainability of the CSR programs.

Pengaruh Produk, Harga Dan Iklan Terhadap Keputusan Pembelian Pada Pasta Gigi Pbpsodent Di Surabaya Timur

Nowadays, people are getting aware of the importance of keeping mouth and teeth healthy. One of the products which offer dental care is toothpaste which comes in many different brands. To understand better what their consumer want, therefore the producers of toothpaste make use the consumer behavior study so that their product is acceptable by their consumers. Toothpaste was first produced by Dresden Chemical Laboratory Lingner, which is now known as Lingner Werke AG in Germany in 1892. Back then toothpaste came in the form of mouthwash liquid. The most famous toothpaste in 1900 is "Odol" Mouthwash. It was largely used in Europe. (source: http://www.forum.otomotifnet.com/forum/showthread.php) It is the reason why in Indonesia, people knew toothpaste as "odol". It is the generic name used by the consumer to refer to any toothpaste. There are so many brands of toothpaste in market. That is a reason why PT Unilever Indonesia Tbk. wants to know what variables can influence the consumers' decision in buying toothpaste, and therefore increasing the demand of Pepsodent. The objective of the study is to find out whether variables such as price, product and commercial can partially and simultaneously influence the consumers' decision to buy Pepsodent in East Surabaya. The hypothesis of the study is the variables of price, product and commercial would partially, simultaneously and significantly influence the decision of the consumers in buying Pepsodent in East Surabaya. The result of the study is obtained using Slovin formula with Random Sampling. The data analysis technique used in this study is a double linier regression analysis. It is concluded that variable product (X1), variable price (X2) and variable commercial (X3) partially and simultaneously give a significant influence towards the consumers' decision in buying Pepsodent in East Surabaya. This result is acceptable because the first hypothesis F count (60,280) > F table (2. 70) and the second hypothesis thot is variable of product, price and commercial partially will give significant influence towards the consumers' decision in buying Pepsodent in East Surabaya. The result of partial test variable of product (X1) t count (4,416) > t table ( 1,985) so HO is rejected and H1 is accepted, that means product (X1) gives significant influence towards the decision in buying. The result of partial test variable of price (X2) t count (4,727) > t table (1,985), so HO is rejected and H1 is accepted, that means price (X2) gives significant influence towards the decision in buying. The result of partial test variable of commercial (X3) t count (7,877) > t table ( 1,985), so HO is rejected and H1 is accepted that means commercial (X3) gives significant influence towards decision in buying. The most dominant influence towards the decision in buying is commercial. It is showed by the result of partial determination coefficient (0,393 or 39,3%); which is the higher compared to other free variables.

Analisis Perbandingan Kinerja Keuangan Sebelum Dan Sesudah Merger Dengan Menggunakan Metode Economic Value Added (Eva) Dan Market Value Added (Mva) Pada Pt Unilever Indonesia Tbk

AbstractMerger is a decision to combine or merge two or more companies into one new company. One of the merged company in Indonesia is PT Unilever Indonesia Tbk with PT Knorr Indonesia in 2004. To identify and analyze it, EVA and MVA method is used, then the results of the calculations tested using normality test statistical tool kolmogorov smirnov, and carried out by means of differential test paired samples T-test.The increase of EVA before and after the merger worth 125.30%. While the increase in MVA before and after the merger worth 227.33%. Increasing the value of MVA was more due to the company's market value, which is reflected in the share price and listed share, although not free from invested capital in the company