THE IMPACT OF COVID-19 PANDEMIC ON RETAIL STOCK VALUATION

• Main Author: Irfan Mu'Afi, Muhammad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/53544
• Institution: Institut Teknologi Bandung

Certain news can be stock panic on one of the exchanges or stocks. This panic demands that investors release (sell) their shares. Return to the law of supply and demand. This condition will cause selling pressure, so that the stock price will decrease. In the panic selling phenomenon, investors want to immediately release their shares regardless of the price, because they are worried that the price will decrease. This action is based on emotion and fear based on rational analysis. This study aims to examine one of the phenomena that causes panic in the market, namely the impact of testing the covid-19 pandemic on stock prices and trading volume before and after the national announcement of the covid-19 virus in Indonesia and analysis of the intrinsic value of stocks using Discounted Cash Flow and relative assessments. . The research population is the company PT. Matahari Department Store, TBK using historical data on stock prices and trading volume for 120 days before and after the first announcement of the Covid-19 pandemic and financial report data from Stockbit for the 2015-2019 period. Hypothesis testing uses Paired Sample T-test regression analysis with the SPSS 20 application and analysis of the intrinsic value of stocks using Discounted Cash Flow and relative valuation. The research shows the results where 1) There is a difference in the share price of PT Matahari Departmen Store Tbk. before and after the announcement of the first Covid-19 case in Indonesia 2) There is a trading volume culture of PT Matahari Departmen Store Tbk. before and after the announcement of the first Covid-19 case in Indonesia 3) The intrinsic value of the shares of PT Matahari Departmen Store Tbk. (LPPF) is bigger (undervalued) than its current share price. .