Adaro Logistics, a subsidiary of Indonesian coal mining company Adaro Energy, is expected to undertake an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Garibaldi Thohir, President Director of Adaro Energy, is optimistic about the potential of publicly listing the unit in Indonesia as prospects for Indonesia's equity market are promising. Moreover, when a company goes public then it becomes more transparent, and this should improve the company's management.

Lanjut baca ›

Ahead of the long Idul Fitri holiday seven Indonesian companies were added to the Indonesia Stock Exchange over the past four days, having completed their initial public offerings (IPOs). So far in 2017 a total of 18 companies have gone public in Indonesia, rebounding from a figure of 14 in full-year 2016. It shows investors have become more confident about financial market stability and Indonesia's economic stability.

Lanjut baca ›

Indonesia's economic acceleration, the nation's recently obtained investment grade status from Standard & Poor's (S&P) and the (near) record high position of the benchmark Jakarta Composite Index makes it more attractive for Indonesian companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Moreover, the Federal Reserve is committed not to cause too much volatility in markets by acting cautiously and communicating its (possible future) moves clearly.

Lanjut baca ›

There is still few enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. So far in 2017 only eight companies went public (while there were two companies - Ciputra Surya and Ciputra  Property - that delisted from the exchange this year). However, considering Indonesia's economic growth is accelerating, while Standard & Poor's upgraded Indonesia to investment grade status (which unlocks funds from conservative institutional investors) there should emerge some more enthusiasm.

Lanjut baca ›

Indonesian electrical transformer manufacturer Trafoindo Prima Perkasa is optimistic about its future business given Indonesia's accelerating economic growth, while the government is committed to its 35,000 MW power program. The company seeks to raise up to IDR 480 billion (approx. USD $36.1 million) from an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. It plans to offer 1.2 billion shares at a price range between IDR 320 - 400 a piece (with a price-to-earnings ratio of 9 - 12 times). Bahana Sekuritas acts as underwriter.

Lanjut baca ›

Alfa Energi Investama, an Indonesia-based coal miner, will offer 300 million shares (equivalent to 23 percent of the company's enlarged shares) to the public in its initial public offering (IPO) on the Indonesia Stock Exchange at a price range of IDR 400 - 500 a piece. Lautandhana Securindo has been appointed as lead underwriter.

Lanjut baca ›

So far in 2017 there has been limited enthusiasm of companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). However, there is now some more activity visible. On Friday (05/05) bottled water producer Sariguna Primatirta was officially listed on the IDX, while three other companies - Cahayasakti Investindo, Pelayaran Tamarin, and Terregra Asia Energy - are to follow soon.

Lanjut baca ›

Sriwijaya Air, the third-largest airline in Indonesia, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange - by one or two months - to April or May 2017 (initially the company targeted to conduct this corporate action in March 2017). Chandra Lie, President Director of Sriwijaya Air, said the airline needs more time to prepare the IPO. Lie added that it may also revise the number of shares that are offered to the public. Earlier, Sriwijaya Air planned to release 25 percent of its total outstanding capital stock.

Lanjut baca ›

When on Friday afternoon (30 December 2016) the Indonesia Stock Exchange (IDX) closed its doors it effectively brought the year 2016 to an end in terms of stock trading on the local bourse. On Friday Indonesia's benchmark Jakarta Composite Index fell 0.11 percent to 5,296.71 points after two days of impressive gains. However, when looking at full-year 2016 the Jakarta Composite Index climbed 15.32 percent, hence being the second-best performing (national) benchmark stock index (after Thailand) in the Southeast Asian region in 2016.

Lanjut baca ›

Indonesian gold miner Agincourt Resources plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2017. The gold miner operates the Martabe Gold Mine in North Sumatra through a Contract of Work. Agincourt Resources is for 61.4 percent owned by Australia-based EMR Capital, a private equity manager that is specialized in mining resources and has deep linkages to Asian markets. Although the IDX refrained from mentioning names, it confirmed that at least one miner will IPO in Indonesia in 2017.

Lanjut baca ›

Hospital operator and medical management services company Medikaloka Hermina made its trading debut on the Indonesia Stock Exchange on Wednesday (16/05) after having successfully completed its initial public offering (IPO). So far in 2018 a total of 14 companies have become publicly listed companies in Indonesia. Especially the month May has been rich in terms of IPOs. Meanwhile, up to 24 other companies are expected to be listed on the local bourse before the end of the first semester.

Lanjut baca ›

Hospital operator Royal Prima made its trading debut on the Indonesia Stock Exchange on Tuesday (15/05) after having successfully completed its initial public offering (IPO). Royal Prima is the 13th company so far this year to became a publicly listed company in Southeast Asia's largest economy. There are now 578 companies listed on the Indonesia Stock Exchange. Danatama Makmur Sekuritas acted as lead underwriter.

Lanjut baca ›

Surya Pertiwi, an Indonesia-based sanitary ware company and the exclusive distributor of TOTO sanitary products, made its trading debut on the Indonesia Stock Exchange on Monday (14/05). It is the 12th company that has completed its initial public offering (IPO) on the Indonesia Stock Exchange so far in 2018. There are now 577 publicly listed companies in Indonesia.

Lanjut baca ›

Bank BRISyariah (BRISyariah), the Islamic finance unit of leading conventional financial institution Bank Rakyat Indonesia (BRI), received the green light from the Financial Services Authority (OJK) on April 30, 2018, to go-ahead with the company's planned initial public offering (IPO) on the Indonesia Stock Exchange. BRISyariah provided the following statement to Indonesia Investments:

Lanjut baca ›

Indonesia-based trade, transportation and logistics services provider Indah Prakasa Sentosa became the fifth company to complete its initial public offering (IPO) on the Indonesia Stock Exchange in 2018. On Friday (06/04) the company made its trading debut on the local bourse, surging 50 percent to close at IDR 414 per share along the way. After the listing of Indah Prakasa Sentosa there are now 570 publicly-listed companies in Indonesia.

Lanjut baca ›

LCK Global Kedaton, a telecommunication construction services company that was established in 2013, became the first company to make its trading debut on the Indonesia Stock Exchange in 2018. Mirae Asset Sekuritas acted as underwriter for the initial public offering (IPO). On Tuesday (16/01) the company was added on the local bourse.

Lanjut baca ›

Shares of Campina Ice Cream Industry skyrocketed on its debut on the Indonesia Stock Exchange on Tuesday (19/12). In fact, it triggered the auto rejection system as shares surged rapidly by 49.70 percent to IDR 494 per share. Campina Ice Cream Industry is the 35th company to have conducted an initial public offering (IPO) on the Indonesia Stock Exchange in 2017.

Lanjut baca ›

On Wednesday (11/10) Malacca Trust Wuwungan lnsurance became the 26th company that listed on the Indonesia Stock Exchange in 2017. The company, subsidiary of Singapore-based Malacca Trust Limited and linked to the family of former president Bacharuddin Jusuf Habibie, is one of the oldest insurance companies in Indonesia (established in 1952).

Lanjut baca ›

E-commerce company Kioson Komersial Indonesia became the nation's first e-commerce startup to go public on the Indonesia Stock Exchange on Thursday (05/10). There was plenty of interest for the company during its trading debut as its shares rose 50 percent to IDR 450 a piece. The offering was more than 10 times oversubscribed. Local brokerage Sinarmas Sekuritas was the sole underwriter for the IPO.

Lanjut baca ›

Garuda Maintenance Facility AeroAsia (GMF), the pioneer of MRO (Maintenance, Repair, and Overhaul) or integrated aircraft maintenance in Indonesia, is days away from becoming a publicly listed company, with GMF’s initial public offering (IPO) receiving effective statement today from Indonesia's Financial Services Authority (in Indonesian: Otoritas Jasa Keuangan, or OJK).

Lanjut baca ›