A total of 25 Indonesian companies have been selected to be in Nikkei's Asia300 index. This index now contains 316 companies that are listed in one of 11 Asian nations. The companies are selected based on market capitalization.
Harry Su, Head of Research at Bahana Sekuritas said it is very positive for the Indonesian companies to be added to the Asia300 index as their names will become more familiar to a wider investor audience. Every index has its own gravity point in terms of denominators. This one is about big market capitalization and therefore interesting for for more conservative investors as it are usually the stable blue chips that have a high market cap.
Last week, the Nikkei Asian Review released the new top 100 companies within the Asia300 index, led by Taiwan-based electronic component manufacturer Largan Precision.
Within the top 100 there are nine Indonesian companies: Kalbe Farma, Bumi Serpong Damai, Telekomunikasi Indonesia, Bank Central Asia (BCA), Semen Indonesia, Gudang Garam, Bank Rakyat Indonesia (BRI), Unilever Indonesia, and Ciputra Development.
Arif Prabowo, Vice President Corporate Communication at Telekomunikasi Indonesia (Telkom), said being among the Asia300 index forms an acknowledgment from the international community that Telkom is a big and trustworthy player in the telecommunication industry. " his motivates us to continue delivering good products and services to our customers," he added.