On Tuesday (24/03), Indonesian hospital operator Mitra Keluarga Karyasehat became the second company to list on the Indonesia Stock Exchange (IDX) in 2015. It turned out to be a highly successful initial public offering (IPO) as the company’s shares surged 24.7 percent on its trading debut, reflecting investors’ solid confidence in healthcare stocks. Mitra Keluarga, subsidiary of pharmaceutical company Kalbe Farma, raised IDR 4.4 trillion (USD $341 million), hence constituting the largest IPO since Garuda Indonesia’s IPO in 2011.

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Saham di Indonesia dan nilai tukar rupiah menguat tajam pada hari Kamis (19/03) setelah Federal Reserve menunda menaikkan suku bunga acuannya dalam Pertemuan Federal Open Market Committee (FOMC) selama dua hari yang berakhir pada hari Rabu (18/03) karena inflasi Amerika Serikat (AS) masih rendah sedangkan pertumbuhan ekonomi AS sedikit melambat. Bank sentral AS menberikan sinyal bahwa Fed tidak terburu-buru untuk menaikkan suku bunga acuannya. Di sisi lain, Fed juga menghapuskan kata 'sabar' dari panduannya untuk suku bunga (yang berada dalam posisi paling rendah sejak akhir 2008).

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While most Southeast Asian stock markets and emerging Asian currencies strengthened on Tuesday (03/03) on the back of a rebounding yen and - contrary to expectation - the decision of the Reserve Bank of Australia (RBA) to leave its cash rate a record low of 2.25 percent, Indonesian stocks and the rupiah performed rather flat. The benchmark Jakarta Composite Index fell 0.06 percent to 5,474.62 points, while the Indonesian rupiah rate appreciated 0.01 percent to IDR 12,969 according to the Bloomberg Dollar Index.

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The benchmark stock index of Indonesia (Jakarta Composite Index) edged higher on Monday (23/02) to set another all-time record high supported by foreign investors’ net buying (IDR 708.2 billion), optimism that Greece will not default on its debt or exit from the Eurozone, and on gaining Southeast Asian stock markets (while markets in China were still closed due to Chinese New Year). Meanwhile, the Indonesian rupiah exchange rate depreciated 0.09 percent to IDR 12,836 per US dollar according to the Bloomberg Dollar Index.

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On 22 February 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic matters such as the latest trade data, an analysis of Bank Indonesia’s decision to cut its key interest rate, the performance of Indonesian stocks, news about the mineral ore export ban, and more.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated JCI or IHSG) posted a series of consecutive record high closes during the past week, primarily on the central bank’s (Bank Indonesia) decision to cut its key interest rate (BI rate) by 25 basis points to 7.50 percent, investors’ positive outlook on Indonesian companies’ corporate earnings in 2015 and expectation that the Eurozone’s quantitative easing program will offset the negative impact of monetary tightening in the USA.

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One day after the surprise interest rate cut by Indonesia’s central bank, Indonesian stocks surge to a new record level led by interest rate sensitive stocks (such as financial institutions, construction firms and property firms) while the rupiah and government bonds are weakening. Yesterday (17/02), Bank Indonesia shocked markets by lowering its key interest rate (BI rate) and deposit facility rate (Fasbi) by 25 basis points, each, to 7.50 percent and 5.50 percent, respectively. Easing monetary policy is back in fashion among the region’s central banks.

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HM Sampoerna, Indonesia's largest tobacco producer by market capitalization (controlling about 23 percent of the Indonesian tobacco market), plans to increase its free-float shares by 5.68 percent (valued at USD $1.27 billion) in order to meet the minimum free float requirement of 7.5 percent set by the Indonesia Stock Exchange (IDX) in a regulation introduced in January 2014 and which will come into effect on 30 January 2016. By this date all listed companies on the IDX must have a minimum free float of 7.5 percent.

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Five listed Indonesian companies have been added to the Pefindo25 Index, an index compiled by Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia). Companies that are eligible to join the Pefindo25 Index are small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that contain good fundamental performance and liquidity. The Pefindo25 Index consists of a total of 25 Indonesian companies and is reviewed and revised twice per year.

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Indonesian stocks and rupiah exchange rate weakened significantly at the start of the new week amid profit taking and political uncertainties in the Eurozone as Greece’s anti austerity party Syriza posts a clear victory in the country’s legislative election (although failing to obtain an absolute majority). The benchmark stock index of Indonesia fell 1.90 percent in the first trading session on Monday (26/01), while the rupiah had depreciated 0.60 percent to IDR 12,534 per US dollar at noon (Bloomberg Dollar Index).

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A selection of corporate earnings reports (covering net profit and revenues in the first nine months of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are categorized by sector: (1) agriculture and mining, (2) basic industry and chemicals, (3) miscellaneous industry, (4) consumer goods, (5) property and real estate, (6) infrastructure, utilities and transportation, (7) finance, and (8) trade, services and investment.

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Before the end of the year, fast-moving consumer goods (FMCG) company Kino Indonesia plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company aims to raise around IDR 1 trillion (approx. USD $74 million) by offering 228.6 million new shares, equivalent to 16 percent of its enlarged capital, to the public. The price range of has been set between IDR 3,750 and IDR 5,225 per share. Credit Suisse, Deutsche Bank and Indo Premier Securities launched the float on Tuesday (10/11) with book-building to continue until 20 November.

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Indonesian assets weakened on Friday (06/11) on expectation that US non-farm payrolls and US employment data would improve, suggesting that a Fed Fund Rate hike may occur in December 2015. Such expectations were correct. After Indonesian and other Asian markets had closed on Friday, the US Labor Department announced that October payrolls rose 271,000 (the largest increase this year), while the US unemployment rate touched a seven-year low at 5 percent. Furthermore, the average hourly earnings over the past 12 months climbed by the most since 2009.

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For those who follow Indonesian stock markets, it is no mystery that the trend have not been encouraging or supportive in the year 2015. Several important stock benchmarks that track equity performance for the region show year-to-date losses of 30% or more, and this has led many investors to steer clear of the emerging markets space until things start to stabilize.

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A selection of corporate earnings reports (covering net profit and revenues in the first half of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are categorized by sector: (1) agriculture and mining, (2) basic industry and chemicals, (3) miscellaneous industry, (4) consumer goods, (5) property and real estate, (6) infrastructure, utilities and transportation, (7) finance, and (8) trade, services and investment.

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After a real roller coaster ride, Indonesia’s benchmark stock index (Jakarta Composite Index) climbed 0.35 percent to 4,446.20 points at the end of the trading week. The majority of key stock indices across the globe tended to strengthen on Friday after a week characterized by severe volatility amid concern about the economic situation in China.

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The Indonesian rupiah touched a 17-year low as the currency continued to depreciate amid persistent bullish US dollar momentum. The rupiah weakened to IDR 13,539 per US dollar according to the Bloomberg Dollar Index on Friday (31/07). The US Commerce Department announced on Thursday (30/07) that US gross domestic product (GDP) expanded at 2.3 percent (year-on-year) in the second quarter of 2015, giving rise to heightened expectation that the US Federal Reserve will raise its key interest rate soon.

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Bursa Efek Indonesia (BEI) menyambut Garuda Metalindo sebagai perusahaan ke-9 yang didaftarkan di BEI sejauh ini di tahun 2015. Pendaftarannya sukses dan saham perusahaan ini, diperdagangkan dengan simbol ticker BOLT, naik 50% pada debut perdagangannya. Garuda Metalindo adalah perusahaan manufaktur mur dan baut untuk industri otomotif dan saat ini memiliki dua pabrik di Tangerang dan Kapuk (Jawa). Klien-klien dari perusahaan ini termasuk Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, dan Suzuki Indomobil Motor.

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A selection of corporate earnings reports (covering net profit and revenues in the first quarter of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are categorized by sector: (1) agriculture and mining, (2) basic industry and chemicals, (3) miscellaneous industry, (4) consumer goods, (5) property and real estate, (6) infrastructure, utilities and transportation, (7) finance, and (8) trade, services and investment.

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Mega Manunggal Property, sebuah pengembang dan penyedia fasilitas logistik Indonesia, mendaftarkan sahamnya di Bursa Efek Indonesia (BEI) pada hari Jumat (12/06) dan karenanya menjadi perusahaan keenam yang telah melaksanakan penawaran saham perdana (IPO) di BEI tahun ini sehingga jumlah total perusahaan yang terdaftar di BEI menjadi 511 perusahaan. Mega Manunggal Property menawarkan 1,7 miliar saham, atau 30% dari modal saham yang persen dari jumlah saham yang ditempatkan dan disetor, dengan harga Rp 585 per saham maka mengumpulkan Rp 1 triliun.

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