14 June 2022 (closed)
Jakarta Composite Index (7,049.88) +54.44 +0.78%
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EUR/IDR (17,335) +57.05 +0.33%
Express Transindo Utama (TAXI), an Indonesian taxi operator controlled by Peter Sondakh's Rajawali Corpora, received the award for 'Warta Ekonomi's Best New Listed Company'. Warta Ekonomi is one of Indonesia's renowned business and economic magazines. The taxi operator received the award because its business is experiencing good growth as can be seen from its stock performance. In 2013, its shares rose 72.94 percent. The company is the first, and only, taxi operator that went public on the Indonesia Stock Exchange (IDX).
Express is one of Indonesia's leading taxi operators with currently around 8,500 taxis in operation in primarily the greater Jakarta area but also in a number of other big cities in Indonesia. It holds a market share of about 11 percent in Indonesia's taxi services sector. In the first quarter of 2013, the company posted growth in revenues of about 35 percent.
Its biggest competitor is the Blue Bird Group, which aims to conduct an initial public offering (IPO) in the second half of 2013. Blue Bird is the clear market leader in Indonesia's taxi services sector.