$HEXA $IHSG
Quick Analysis Dividend Payout Ratio
Detailed Analysis Later On.

Data:
Net Income Q1 2020: USD 38,436,806
Number of outstanding Shares: 840,000,000 Shares

Assumption:
Margin of Safety = 60% due to Liquidity
Dividend Payout Ratio = 80%
IDR/USD Rate: 14500 IDR / 1 USD
Beta: 0.89. Then, Required Rate of Return = 11.95%
ROE based on Jun 2020 = 8.43%

Thus Target Price of HEXA = 3874 or 3870 under BEI's Ticks rule.
Dividend Payment should be IDR 663 per shares.