Dayaindo Resources International (listed code: KARK), an Indonesian natural resources and mining, renewable energy and infrastructure investment company, will be delisted from the Indonesia Stock Exchange (IDX) on 27 December 2013. Procedures for the delisting started today (Wednesday 27/11). In July 2013, the IDX had already temporarily suspended trading in shares of Dayaindo Resources International due to the company's outstanding debt to several creditors.

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The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan, abbreviated OJK) is studying the possibility to raise the minimum ratio of shares that has to be offered to the public for an initial public offering (IPO) to 30 percent. Currently, a company that conducts an IPO on the Indonesia Stock Exchange (IDX) needs to offer at least 10 percent of its enlarged capital to the public. Previously, the stock exchange had suggested to raise the minimum ratio to 20 percent. However, the OJK seems eager to push the boundary higher.

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Concerns about the looming end of the Federal Reserve's monthly USD $85 billion stimulus program (known as quantitative easing or QE3) in combination with the deteriorating domestic economy of Indonesia has caused Indonesia's benchmark stock index (IHSG) to plunge 1.95 percent in the first trading session of 13 November 2013. The Indonesian rupiah exchange rate depreciated 0.28 percent to IDR 11,600 according to Bloomberg. These developments happen one day after the decision of Indonesia's central bank to raise the BI rate to 7.50 percent.

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Sawit Sumbermas Sarana, a subsidiary of palm oil plantation company Citra Borneo Indah, plans to release 15.7 percent of its shares (1.5 billion shares) to the public through an initial public offering (IPO). The IPO will be conducted in November 2013. The book building takes place between 7 and 20 November and the official listing on the Indonesia Stock Exchange is scheduled for 12 December 2013. The underwriters of the IPO are BNP Paribas Securities, Mandiri Sekuritas and RHB OSK Securities.

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Blue Bird, the biggest taxi operator of Indonesia, aims to raise IDR 5 trillion (USD $450 million) through an initial public offering (IPO) on the Indonesia Stock Exchange, which is expected to be conducted in November 2013. This would make it the largest Indonesian IPO since food producer Indofood CBP Sukses Makmur raised USD $696 million in 2010. Blue Bird allegedly appointed Credit Suisse, UBS and Danareksa Sekuritas to act as underwriters. It has been speculated that the company will sell 20 to 40 percent of its stock equity.

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The Indonesia Stock Exchange expects that 30 companies will conduct their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014. This target is the same as the target that had been set for this year. Next year, legislative and political elections in Indonesia will bring some uncertainties to the Indonesian market and may be a reason for some companies to postpone the IPO. Up to now, six companies have announced to conduct their IPO in 2014. In 2013 so far, 25 companies have been newly listed on the IDX.

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SidoMuncul Herbal, Indonesia´s largest herbal medicine producer, is expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the fourth quarter of 2013. The company, established in 1951, is a fully-modernized herbal company that strives to produce and market products that support the people´s health and well-being. The company will release 20 percent of its shares on the IDX and targets to raise IDR 1.5 trillion (USD $130 million). Kresna Securities acts as underwriter for the IPO.

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Indonesia’s economy continues to adjust, as weaker commodity prices, tighter international financing, and slowing domestic demand moderate the growth rate to 5.6 percent for 2013. This downward revision is discussed in the latest edition of the World Bank’s Indonesia Economic Quarterly (IEQ). Further moderation of growth (at 5.3 percent) may be expected in 2014, with growth in high income economies firming but international market conditions likely remaining volatile.

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The government of Indonesia is busy preparing an extra package of policy responses aimed at stabilizing Indonesia's financial markets. Previously, the government had released a sort of 'rescue package' in late August after the rupiah depreciated sharply and the country's stock indices plunged. Panic had emerged due to the looming end of the Federal Reserve's quantitative easing program. Coupled with internal issues, it resulted in robust capital outflows from Indonesia. The new package will be released in October.

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The company profile of the Blue Bird Group has been updated in the Indonesian Companies' section. The Blue Bird Group is Indonesia's largest taxi operator with a current fleet size of about 26,000 taxis. The company is planning to conduct its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the fourth quarter of 2013, through which it aims to raise over USD $600 million. It has been reported that Credit Suisse, Rothschild and UBS will act as underwriters. Funds will be used for expansion and rejuvenation of its taxi fleet.

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While the benchmark stock indices in the United States, China and Japan all showed steep declines in 2022, Indonesia’s benchmark stock index (IDX Composite or IHSG) managed to rise 4.09 percent to 6,850.62 points last year.

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Indonesia’s benchmark stock index (Jakarta Composite Index, or IHSG) grew 10.08 percent in full-year 2021, a good performance after a volatile and highly uncertain 2020 when the COVID-19 crisis emerged. At around 6,580 points on the first trading day of 2022, the index remains at near-record high territory (with the record being set recently, in mid-November 2021, at around 6,750 points).

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Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.

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Earnings season has arrived again! Here Indonesia Investments presents a selection of full-year 2017 corporate earnings reports of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX), 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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The year 2017 already finished for equity investors and therefore we can take a look back at the performance of Indonesia's benchmark Jakarta Composite Index over the past 12 months. Indonesian stocks, generally, had a good year, with the benchmark index rising 19.99 percent to close 2017 at 6,355.65 points, a new all-time record high.

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After touching a new all-time record high level last week, analysts are optimistic that Indonesia's benchmark Jakarta Composite Index will surpass the psychological level of 6,000.00 points later this year. Last Friday (25/08) the benchmark index of Indonesia reached 5,915.36 points, a new record, while market capitalization touched IDR 6,481.8 trillion (approx. USD $483.9 billion).

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While the Jakarta Composite Index has been touching record high levels recently, there emerged a new leader on the Indonesia Stock Exchange. Indonesia's largest telecommunication and network provider Telekomunikasi Indonesia (Telkom) is now the largest company in Indonesia in terms of market capitalization on the Indonesia Stock Exchange. It replaced tobacco manufacturer HM Sampoerna that fell to third position.

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Here Indonesia Investments presents a selection of corporate earnings reports over full-year 2016 of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX), 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. The tables below display both net profit (or loss) and revenues, together with year-on-year (yoy) growth.

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In order to make an initial public offering (IPO) in Indonesia more attractive the Indonesia Stock Exchange is advised to make this corporate move less expensive for companies. Also the annual listing fee as well as the deposit that needs to be paid to the Financial Services Authority (OJK) need to be revised in order to encourage more local companies to conduct an IPO in Indonesia. Although being Southeast Asia's largest economy, the number of listed companies in Indonesia is far below the number of listed companies in Singapore, Thailand and Malaysia.

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Indonesia's benchmark Jakarta Composite Index experienced another tough day on Monday (14/11). After Indonesian stocks plunged 4.01 percent on Friday, stocks fell another 2.2 percent today. Not only Indonesia, but most Asian markets are hit by the selloff, particularly the emerging markets of Southeast Asia. Investors are re-evaluating their emerging market assets now Donald Trump has been elected the next US president (and who can rely on a Republican-controlled US Congress). To make matters worse, current uncertainty is expected to persist in the next couple of months.

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