• MAP Aktif Adiperkasa Makes Trading Debut on Indonesia Stock Exchange

    MAP Aktif Adiperkasa Makes Trading Debut on Indonesia Stock Exchange

    Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.

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  • Shares of Bakrie & Brothers Plunge after Reverse Stock Split

    Shares of Bakrie & Brothers Plunge after Reverse Stock Split

    Trading in shares of Bakrie & Brothers, which are listed on the Indonesia Stock Exchange, have again been suspended by authorities (for the second time this month) due to a massive decline in the share price. The plunge occurred after Bakrie & Brothers conducted a 10:1 reverse stock split in late-May 2018. Through this corporate action the company reduced the total number of its outstanding shares.

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  • Concern Over Financial Ratios Indonesia's State-Controlled Companies

    Concern Over Financial Ratios Indonesia's State-Controlled Companies

    There are 20 state-controlled, yet publicly-listed (on the Indonesia Stock Exchange) companies that have poor financial ratios, reflected by a high debt-to-equity ratio. This ratio indicates how much debt a company uses to finance its assets relative to the value of shareholders' equity, thus it measures a company's financial leverage. The ratio is calculated by dividing the company's total liabilities by its stockholders' equity.

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