STUDI KELAYAKAN INVESTASI SAHAM PADA PERUSAHAAN SUB SEKTOR TELEKOMUNIKASI TAHUN 2018

Abstract

The purpose of this study was to determine the feasibility of buying shares of telecommunication sub-sector companies listed on the Indonesia Stock Exchange (IDX) as an investment vehicle if calculated using the 2018 capital asset pricing model (CAPM) method.

               The analytical tool used in this study is the Capital Asset Pricing Model (CAPM).

               The results of this study indicate that the expected return value in the telecommunications sub-sector companies throughout 2018 fluctuated or did not increase significantly from month to month (MoM) so that the hypothesis was rejected.

               The conclusion of this research hypothesis is that the expected return value that fluctuates in the telecommunication sub-sector company is due to the systematic risk factor used in the CAPM method only 1, namely internal factors from within the company environment, namely the stock price of each company itself, so that if the company's shares unstable, then the expected return will directly fluctuate following the stock price or in other words there are no other factors that can be used as a buffer / counterbalance if the stock price fluctuates.

               According to Sunariyah (2011: 5) The capital market is generally a meeting place between supply and demand for securities. It is in this place that market participants, namely individuals or business entities that have surplus funds, invest in securities offered by issuers. The capital market plays a role in supporting the implementation of national development in order to increase equity, growth, and national economic stability towards improving people's welfare.

             Investment according to Tandelilin (2010: 3) is a commitment to a number of funds or other resources made at this time, to obtain a number of benefits in the future ".