PENERAPAN CAPITAL ASSET PRICING MODEL (CAPM)UNTUK MENENTUKAN TINGKAT PENGEMBALIAN INVESTASI SAHAM(Studi Pada Saham-saham Blue Chips di Bursa Efek Indonesia Periode 2004-2006)

Renia, Ratna (2008) PENERAPAN CAPITAL ASSET PRICING MODEL (CAPM)UNTUK MENENTUKAN TINGKAT PENGEMBALIAN INVESTASI SAHAM(Studi Pada Saham-saham Blue Chips di Bursa Efek Indonesia Periode 2004-2006). Other thesis, University of Muhammadiyah Malang.

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Abstract

This research was applied which title ”Penerapan Capital Asset Pricing Model (CAPM) Untuk Menentukan Tingkat Pengembalian Investasi Saham (Studi Pada Saham-Saham Blue Chips di Bursa Efek Indonesia Periode 2004-2006)”. The objectives were to knew return rate of blue chips stocks in 2004-2006 and the condition of them was undervalued or overvalued. Population which used in this research is shares of blue chips amounting to 30 emiten every year during year 2004-2006. Technique of sample is used sampling purposive with amount 18 emitters. Technique analyze data is used method of CAPM. Measuring rod the used [is] if E(Ri < Ri hence natural sekuritas [of] undervalued and decision of investment which can be taken investor is buy / invesment. The analyze data result was showed Astra Agro Lestari Tbk (AALI) had expected return rate 0,999016, Aneka Tambang Tbk (ANTM) had expected return rate 4,106038, Astra International Tbk (ASII) had expected return rate 0,589534, Bank Central Asia Tbk (BBCA) had expected return rate 0,546739, Gudang Garam Tbk (GGRM) had expected return rate -0,053993, Gajah Tunggal Tbk (GJTL) had expected return rate 0,097441, International Nickel Indonesia Tbk (INCO) had expected return rate 0,646505, Indofood Sukses Makmur Tbk (INDF) had expected return rate 0,376668, Indah Kiat Pulp and Paper Tbk (INKP) had expected return rate 0,219336, Indocement Tunggal Perkasa Tbk (INTP) had expected return rate 0,457121, Indosat Tbk (ISAT) had expected return rate 0,368719, Kalbe Farma Tbk (KBF) had expected return rate 0,533953, Bank Pan Indonesia Tbk (PNBN) had expected return rate 0,320962, Holcim Indonesia Tbk (SMCB) had expected return rate 0,220483, Tjiwi KImia Tbk (TKIM) had expected return rate 0,598089, Telekomunikasi Indonesia Tbk (TLKM) had expected return rate r 0,490004, United Treactors Tbk (UNTR) had expected return rate 0,814399, and Unilever Indonesia Tbk (UNVR) had expected return rate 0,318667. The conclusion of this research was blue chips share of 2004-2006 in undervalued condition.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anggit Aldila
Date Deposited: 13 Jun 2012 04:09
Last Modified: 13 Jun 2012 04:09
URI: http://eprints.umm.ac.id/id/eprint/7561

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