Indonesian Furniture Manufacturer Chitose Internasional Prepares an IPO

Currently, the Bandung-based (West Java) company produces metal-based furniture as well as wood-based furniture for the low and middle segments. However, due to increased purchasing power of the Indonesian people, the company wants to add wood-based furniture that targets the upper category to its production lines.

Director at Chitose Internasional Timotheus J. Paulus said that the company currently controls a 50 percent market share in Indonesia's furniture industry. Particularly chairs are an important product of the company. Roughly 90 percent of the company's furniture is sold domestically, the remainder is exported to 34 countries including Japan, Australia, Germany and South Korea.

In 2013, the company recorded a 15 percent increase in net profit to IDR 271 billion (USD $23.6 million).

Last Update: 29 Mar 2021

IPOs in 2014 up to 12 May

Company	P: 29 Mar 2021	P: 28 Mar 2021	Gain/Loss	P/E ttm	Yield %	Gain/Loss YTD
Bank Panin SyariahPNBS	83	82	1.22%	N/A	0.00%	-4.60%
Asuransi Mitra Maparya Tbk.ASMI	925	930	-0.54%	N/A	0.00%	-6.57%
Bank Ina Perdana Tbk.BINA	1,560	1,550	0.65%	N/A	0.00%	64.21%
Capitol Nusantara Indonesia Tbk.CANI	186	186	0.00%	N/A	0.00%	22.37%
Tunas Alfin Tbk.TALF	310	258	20.16%	N/A	0.00%	13.97%
Bali Towerindo Sentra Tbk.BALI	700	690	1.45%	N/A	0.00%	-6.04%
Wijaya Karya BetonWTON	334	344	-2.91%	N/A	0.00%	-20.85%
Graha Layar PrimaBLTZ	4,600	4,650	-1.08%	N/A	0.00%	53.85%
Intermedia Capital Tbk.MDIA	63	66	-4.55%	N/A	0.00%	3.28%
Eka Sari Lorena TransportLRNA	180	185	-2.70%	N/A	0.00%	1.69%
Combined Total	8,941	8,941	0.00%			30.60%

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

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