Tpai Week 2 Arini Kamalia(386983) Bab2

8/16/2019 Tpai Week 2 Arini Kamalia(386983) Bab2

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BAB 2PA SA R M O D A L

ARINI KAMALIA (15/386983/PEK/20706)


2/14

1. PASAR PRIMER

Pasar primer terjai paa saatper!sa"aa# emite# me#j!a$se%!ritas#&a %epaa i#'estr!m!m !#t!% pertama %a$i#&a

Per!sa"aa# se*e$!m#&ame#+e$!ar%a# prspe%t!s &a#+

*erisi i#,rmasi per!sa"aa# se-araetai$

4/52


3/14

2. INITIAL PUBLIC OFFERING

Prses per!sa"aa# !#t!% pertama %a$i#&a me#j!a$ se%!ritasise*!t e#+a# Initial Public Ofering (IP.) ata! pe#aara#!m!m pera#a

ete$a" se%!ritas ij!a$ per!sa"aa# i pasar pera#a *ar!$a"%em!ia# se%!ritas iperj!a$*e$i%a# $e" i#'estri#'estr ipasar se%!#er

ra#sa%si &a#+ i$a%!%a# i#'estr i pasar se%!#er tia%a%a# mem*eri%a# tam*a"a# a#a $a+i *a+i per!sa"aa# &a#+me#er*it%a# se%!ritas (emite#) %are#a tra#sa%si "a#&aterjai a#tar i#'estr *!%a# e#+a# per!sa"aa#


4/14

Pasar %eti+a

• pasar pera+a#+a# s!rat *er"ar+a paa pasar

%e!a it!t!p• 4ija$a#%a# $e" *r%er &a#+ mempertem!%a#

pem*e$i a# pe#j!a$ paa saat pasar %e!at!t!p

Pasar %eempat

• Mer!pa%a# pasar ma$ &a#+ i$a%!%a#ia#tara i#stit!si *er%apasitas *esar !#t!%me#+"i#ari %misi !#t!% *r%er

• Me#++!#a%a# jari#+a# %m!#i%asi !#t!%

mempera+a#+%a# sa"am a# j!m$a" *$%&a#+ *esar


5/14

PENAW ARAN PERDANA KE PUBLIK

i%a sa"am ij!a$ !#t!% me#am*a" ma$ sa"am

*ar! apat ij!a$ e#+a# *er*a+ai ma-am -arase*a+ai *eri%!t i#i• 4ij!a$ %epaa peme+a#+ sa"am &a#+ s!a" aa• 4ij!a$ %epa %ar&aa# $eat E.P• Me#am*a" sa"am $eat i'ie# &a#+ tia% i*a+i• 4ij!a$ $a#+s!#+ %epaa pem*e$i t!#++a$ (se-ara i#'estr

i#stit!si) se-ara pri'at• 4itaar%a# %epaa p!*$i%


6/14

• Kem!a"a# me#i#+%at%a# ma$imasa se%ara#+

• Me#i#+%at%a# $i%!iitas *a+i

peme+a#+ sa"am• Ni$ai per!sa"aa# tia% i%eta"!i

Ke!#t!#+a# GoPublic

• ia&a $apra# &a#+ me#i#+%at• Pe#+!#+%apa (is-$s!re)• Keta%!ta# !#t!% iam*i$a$i"

Ker!+ia#Go Public


7/14

Fenom ena Harga M urah

e#me#a me#ari% &a#+ terjaii pe#aara# pera#a %e

p!*$i% ,e#me#a "ar+are#a" (underpricing)

Underpricing

me#apat%a#"ar+a ret!r# aa$ (i#itia$ret!r#) &a#+ ti#++i


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Banker Investasi

a#%er i#'estasi me#&eia%a# sara#sara# &a#+ &a#+ pe#ti#+&a#+ i*!t!"%a# se$ama prses re#-a#a pe$empara# se%!ritas %ep!*$i% *er!pa

• ipe se%!ritas apa saja &a#+ a%a# ij!a$•

ar+a ari se%!ritas• :a%t! pe$empara##&a

e*a+ai pera#tara *a#%er i#'estasi *er,!#+si

•

Pem*eri sara# (advisory unction)• Pem*e$i sa"am (underwriting unction)• Pemasar sa"am %e i#'estr (marketing unction)

Pe#j!a$a# se%!ritas %e p!*$i% "ar!s i !%!#+ e#+a# i#,rmasi a#%!me#%!me#&a#+ i aji*%a# $e" "!%!m a# perat!ra#perat!ra# &a#+ *er$a%! sa$a" sat! ari %!me# terse*!t aa$a"

prospectus


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3. PASAR M O D AL

SEKUNDERPasar !rsa a"am (Stock Excange)

• Prses pe#j!a$a##&a me#++!#a%a# sistem

$e$a#+ (auction) ima#a tra#sa%si i$a%!%a#se-ara ter*!%a a# "ar+a ite#t!%a# $e"supply (pe#aara#) a# demand (permi#taa#) ari a#++ta *!rsa &a#+me#eria%%a# ask price (ata! ofer price ata!"ar+a pe#aara# tere#a" !#t!% j!a$) a#bid price ("ar+a permi#taa# terti#++i !#t!%*e$i)

• E; N


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3. PASAR M O D AL SEKU N D ER (CO N T’)

I#'estr tia% apat $a#+s!#+ me$a%!%a# tra#sa%si i$a#tai *!rsa tetapi i a%i$i *r%er e#+a# memi$i"

je#is *r%er se#iri &ait!

•

ull!service broker (me#aar%a# jasa &a#+ $e#+%ap)• Investment researc and advice• "set management • Order execution• #learing

•

discount broker (me#aar%a# jasa &a#+ mi#im!me#+a# %misi &a#+ re#a")• Order execution• clearing


11/14

Rekening Kas dan Rekening M arin

Re%e#i#+

%as

• Me#+"ar!s%a# i#'estr !#t!% mem*a&arpe#!" sem!a #i$ai pem*e$ia##&a se*e$!mata! paa ta#++a$ jat!" temp

• a#++a$ jat!" temp = "ari sete$a" ta#++a$

tra#sa%si

Re%e#i#+marji#

• I#'estr "ar!s memm*!%a re%e#i#+ i

*r%er !#t!% pem*a&ara# ter$e*i" a"!$!ari %ese$!r!"a# "ar+a


12/14

Bentuk !rder

I#'estr apatme#++!#a%a# 3ma-am *e#t!%

rer

Mar%et rer

Limit rer

tp rer

• 4a& rer• >ti$$

-a#-e$e (>?)• Nt e$ (N)•

Parti-ipate *!t #t i#itiate(PNI)

• A$$ r N#e(A.N)

• Immeiate r

?a#-e$ (I.?)• i$$ r Ki$$ (.K)


13/14

!"# M arket

• mer!pa%a# pasar ma$ !#t!%

per!sa"aa# &a#+ $e*i" %e-i$i*a#i#+%a# e#+a# &a#+ tera,tar istock excange

Over $e #ounter (.?)

• sistem #e+sisasi &a#+ "ar+a#&aite#t!%a# e#+a# -ara #e+siasi(taarme#aar) a#tara i#'estr a#ea$er

Me#++!#a%a# sistem $e$a#+


14/14

Re,ere#si

art# +i&a#t $eori Portoolio dan "nalisis Investasi

Tpai Week 2 Arini Kamalia(386983) Bab2

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