IPO News Indonesia: Trimuda Nuansa Citra Sets Offering Price
Cargo and logistics company Trimuda Nuansa Citra set the offering price for its shares at IDR 150 a piece in the initial public offering (IPO) on the Indonesia Stock Exchange. Considering the company offers 200 million shares to the public, it should raise IDR 30 billion (approx. USD $2.1 million) through the corporate move.
The general public distribution is held between 22-25 June 2018. Meanwhile, Trimuda Nuansa Citra is set to make its trading debut on the Indonesia Stock Exchange on 28 June 2018. The 200 million shares that are offered to the public is equivalent to 47.43 percent of the company's issued share capital. By selling a relatively big stake to public investors, the company is able to enjoy certain tax incentives.
Arifin Seman, President Director of Trimuda Nuansa Citra, stated that 71.88 percent of the IPO proceeds will be used by the company to pay for land acquisition in Karawang (West Java). The company plans to acquire a total of 1.7 hectares of land to build a storage warehouse. In Karawang many companies are in need of warehouse storage services. Total funds that are required for the land acquisition amount to IDR 25 billion. So far the company has already paid IDR 7 billion. The remaining funds will originate from the IPO.
In full-year 2017 Trimuda Nuansa Citra posted a 10.65 percent year-on-year (y/y) increase in revenue to IDR 51.84 billion (approx. USD $3.7 million), from IDR 46.85 billion in the preceding year. Meanwhile, the company's net profit surged 401.1 percent (y/y) to IDR 2.2 billion (approx. USD $157,142) compared to its net profit in 2016 (IDR 439 million). Trimuda Nuansa Citra targets a 200 percent increase in net profit in 2018 supported by warehouse storage expansion, new projects through government tenders, and a focus on retail channels (particularly e-commerce).
Trimuda Nuansa Citra was established in 1995 and initially ran an air freight business with door-to-door services under the trademark "Garuda Express Delivery", or better known as "GED". The company developed into an independent air freight service provider.
So far in 2018 twenty companies have been added to the Indonesia Stock Exchange:
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 22 June 2018
| Company | P: 29 Mar 2021 | P: 28 Mar 2021 | Gain/Loss | P/E ttm | Yield % | Gain/Loss YTD |
| LCK Global KedatonLCKM | 254 | 250 | 1.60% | N/A | 0.00% | -34.20% |
| Borneo Olah Sarana SuksesBOSS | 111 | 113 | -1.77% | N/A | 0.00% | -35.09% |
| Jaya TrishindoHELI | 464 | 496 | -6.45% | N/A | 0.00% | 125.24% |
| Sky Energy IndonesiaJSKY | 131 | 130 | 0.77% | N/A | 0.00% | -31.05% |
| Indah Prakasa Sentosa Tbk.INPS | 2,000 | 2,000 | 0.00% | N/A | 0.00% | -59.60% |
| Gihon Telekomunikasi Indonesia Tbk.GHON | 2,100 | 2,200 | -4.55% | N/A | 0.00% | 23.53% |
| Tridomain Performance Materials Tbk.TDPM | 119 | 119 | 0.00% | N/A | 0.00% | -13.14% |
| Dafam Property Indonesia Tbk.DFAM | 170 | 180 | -5.56% | N/A | 0.00% | -1.73% |
| Charnic Capital Tbk.NICK | 278 | 278 | 0.00% | N/A | 0.00% | -10.90% |
| Bank Tabungan Pensiunan Nasional Syariah Tbk.BTPS | 3,620 | 3,680 | -1.63% | N/A | 0.00% | 0.56% |
| Bank BRIsyariah Tbk.BRIS | 2,450 | 2,540 | -3.54% | N/A | 0.00% | -23.20% |
| Surya Pertiwi Tbk.SPTO | 482 | 476 | 1.26% | N/A | 0.00% | -13.15% |
| Royal Prima Tbk.PRIM | 180 | 180 | 0.00% | N/A | 0.00% | -19.64% |
| Medikaloka Hermina Tbk.HEAL | 4,560 | 4,600 | -0.87% | N/A | 0.00% | 21.60% |
| Sarimelati Kencana Tbk.PZZA | 795 | 785 | 1.27% | N/A | 0.00% | 5.30% |
| Guna Timur Raya Tbk.TRUK | 218 | 199 | 9.55% | N/A | 0.00% | -8.40% |
| Asuransi Tugu Pratama Indonesia Tbk.TUGU | 1,580 | 1,585 | -0.32% | N/A | 0.00% | -10.23% |
| Steadfast Marine Tbk.KPAL | 52 | 50 | 4.00% | N/A | 0.00% | 4.00% |
| Sriwahana Adityakarta Tbk.SWAT | 100 | 101 | -0.99% | N/A | 0.00% | -2.91% |
| MNC Studios International Tbk.MSIN | 158 | 159 | -0.63% | N/A | 0.00% | -10.73% |
| Combined Total | 19,822 | 20,121 | -1.49% | -12.40% |
Green colour indicates upward movement
Red colour indicates downward movement
P = price; E = earnings; D = dividend; Yield = D/P
"N/A" indicates P/E < 0 (negative earnings)
"-" indicates E,D,P or YTD is not available
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