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.
Harry Sanusi, President Director of Kino Indonesia, said 27 percent of proceeds will be used to acquire another FMCG company, while 50 percent is to be used for capital expenditure. The remainder will be used for working capital purposes. He added that business prospects are promising considering Indonesia's big population, rapidly expanding middle class, and rising per capita GDP.
According to Euromonitor, consumer spending in Indonesia has experienced healthy growth with a compound annual growth rate (CAGR) of 11.8 percent in the period 2010-2014 due to people's rising purchasing power and positive demographic context. Meanwhile, the World Bank estimates that the country's middle class segment will have risen to 80 percent of the total population by 2030.
Kino Indonesia, which started operations in Indonesia in 1991, has grown into an acknowledged FMCG company in Southeast Asia's largest economy with 18 brands and 16 product categories, including skin care, food & beverage, pharmacy. Currently, it has 240 distribution points across Indonesia. The company's products are sold in Indonesia's large distributors, hypermarkets, supermarkets, mini-markets, cosmetic stores as well as small traditional outlets throughout the Indonesian archipelago.
In the mid-2000s, Kino Indonesia expanded beyond borders as it opened branches in Malaysia, the Philippines and Singapore, while establishing distributorships with foreign distributor firms in Singapore, Brunei, Vietnam and Myanmar. Since 2011, the company holds a license to produce, distribute, and market its famous Cap Kaki Tiga brand (Three Legs Brand) in Singapore.
In the first half of 2015, the company posted a 10 percent year-on-year growth in sales to IDR 1.74 trillion (approx. USD $129 million), while net profit surged 266 percent to IDR 165.4 billion (approx. USD $12.2 million).
So far this year, 14 Indonesian companies have been listed on the Indonesia Stock Exchange. Although several companies are reportedly preparing to conduct an IPO before the end of 2015, the initial target of the stock exchange - that is 32 IPOs in 2015 - will not be achieved.
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 11 November 2015
|Company||P: 29 Mar 2021||P: 28 Mar 2021||Gain/Loss||P/E ttm||Yield %||Gain/Loss YTD|
|Bank Yudha BhaktiBBYB||498||494||0.81%||N/A||0.00%||40.68%|
|Mitra Keluarga KaryasehatMIKA||2,720||2,750||-1.09%||N/A||0.00%||4.62%|
|Mitra Energi PersadaKOPI||565||565||0.00%||N/A||0.00%||13.00%|
|PP Properti Tbk.PPRO||75||77||-2.60%||N/A||0.00%||-19.35%|
|Mega Manunggal PropertyMMLP||358||376||-4.79%||N/A||0.00%||24.31%|
|Merdeka Copper GoldMDKA||2,300||2,330||-1.29%||N/A||0.00%||-2.13%|
|Bukaka Teknik Utama Tbk.BUKK||880||870||1.15%||N/A||0.00%||-11.11%|
|Garuda Metalindo Tbk.BOLT||715||710||0.70%||N/A||0.00%||-10.63%|
|Anabatic Technologies Tbk.ATIC||705||665||6.02%||N/A||0.00%||-17.06%|
|Binakarya Jaya Abadi Tbk.BIKA||163||175||-6.86%||N/A||0.00%||-17.26%|
|Bank Harda Internasional Tbk.BBHI||1,285||1,380||-6.88%||N/A||0.00%||33.16%|
|Victoria Insurance Tbk.VINS||111||112||-0.89%||N/A||0.00%||23.33%|
|Mitra Komunikasi Nusantara Tbk.MKNT||50||50||0.00%||N/A||0.00%||0.00%|
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