IPO News Indonesia: Impressive Trading Debut Prima Cakrawala Abadi
On the last trading day of 2017, Prima Cakrawala Abadi became the 37th company to make its trading debut on the Indonesia Stock Exchange this year. The company's shares immediately skyrocketed 69.33 percent to IDR 254 a piece, hence triggering the auto-rejection system. For Indonesia it was a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. There are now 567 listed companies on the Indonesia Stock Exchange.
Prima Cakrawala Abadi is a Semarang-based company (Central Java) that is engaged in the processing and distribution of seafood products. The company is particularly focused on crab products.
Through the IPO, Prima Cakrawala Abadi released nearly 466.7 million shares to the public, equivalent to 40 percent of the company's issued and paid up capital, at an offering price of IDR 150 per share. Hence it collected about IDR 72.33 billion (approx. USD $5.4 million) in fresh funds through the corporate move. Acting as underwriters for the IPO were Artha Sekuritas Indonesia and Lotus Andalan Sekuritas.
Prima Cakrawala Abadi plans to use these proceeds (after deducting costs related to the issuance of the new shares) for working capital (71.90 percent) and for corporate capital expenditure (28.10 percent).
Raditya Wardhana, President Director of Prima Cakrawala Abadi, stated that the potential of crab products in Indonesia is quite large as Indonesia is an archipelago with a very long coastline.
The United States is an important market for Prima Cakrawala Abadi. The company's total exports of canned crab to the US reached 292.2 tons in the January-August 2017 period. Besides the US, the company also exports its products to the United Kingdom, Bahrain, Singapore, and Malaysia.
The company's production facility in Semarang has a capacity to produce 720,000 kilogram of pasteurized, fresh and frozen fish, shrimp and crab products each year. Its facilities in Indramayu (West Java) and Makassar (Sulawesi) can produce up to 540,000 kilogram, each, of seafood products per year.
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 29 December 2017
| Company | P: 29 Mar 2021 | P: 28 Mar 2021 | Gain/Loss | P/E ttm | Yield % | Gain/Loss YTD |
| Sanurhasta MitraMINA | 79 | 64 | 23.44% | N/A | 0.00% | 58.00% |
| Forza Land IndonesiaFORZ | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Industri dan Perdagangan Bintraco DharmaCARS | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Nusantara Pelabuhan HandalPORT | 490 | 498 | -1.61% | N/A | 0.00% | 16.11% |
| Sariguna PrimatirtaCLEO | 468 | 466 | 0.43% | N/A | 0.00% | -9.13% |
| Pelayaran Tamarin SamudraTAMU | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Cahayasakti Investindo SuksesCSIS | 80 | 76 | 5.26% | N/A | 0.00% | 25.00% |
| Terregra Asia EnergyTGRA | 140 | 142 | -1.41% | N/A | 0.00% | -49.28% |
| First Indo American Leasing Tbk.FINN | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Alfa Energi Investama Tbk.FIRE | 590 | 605 | -2.48% | N/A | 0.00% | -48.47% |
| Totalindo Eka Persada Tbk.TOPS | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Kirana Megatara Tbk.KMTR | 416 | 414 | 0.48% | N/A | 0.00% | 20.93% |
| Hartadinata Abadi Tbk.HRTA | 206 | 208 | -0.96% | N/A | 0.00% | -11.21% |
| Integra IndocabinetWOOD | 770 | 750 | 2.67% | N/A | 0.00% | 19.38% |
| MAP Boga AdiperkasaMAPB | 1,330 | 1,330 | 0.00% | N/A | 0.00% | 3.10% |
| Armidian Karyatama Tbk.ARMY | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Buyung Poetra Sembada Tbk.HOKI | 252 | 254 | -0.79% | N/A | 0.00% | -76.34% |
| Marga Abhinaya Abadi Tbk.MABA | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Megapower Makmur Tbk.MPOW | 82 | 80 | 2.50% | N/A | 0.00% | 22.39% |
| Mark Dynamics Indonesia Tbk.MARK | 1,070 | 1,020 | 4.90% | N/A | 0.00% | -1.83% |
| Ayana Land International Tbk.NASA | 104 | 104 | 0.00% | N/A | 0.00% | 0.00% |
| Emdeki Utama Tbk.MDKI | 224 | 220 | 1.82% | N/A | 0.00% | -8.94% |
| Trisula Textile IndustriesBELL | 143 | 143 | 0.00% | N/A | 0.00% | -9.49% |
| Kioson Komersial IndonesiaKIOS | 590 | 600 | -1.67% | N/A | 0.00% | 4.42% |
| Garuda Maintenance Facility AeroAsiaGMFI | 120 | 120 | 0.00% | N/A | 0.00% | -10.45% |
| Malacca Trust Wuwungan Insurance Tbk.MTWI | 103 | 103 | 0.00% | N/A | 0.00% | 63.49% |
| Kapuas Prima Coal Tbk.ZINC | 128 | 129 | -0.78% | N/A | 0.00% | -26.86% |
| M Cash Integrasi Tbk.MCAS | 4,580 | 4,500 | 1.78% | N/A | 0.00% | 0.00% |
| PP Presisi Tbk.PPRE | 206 | 208 | -0.96% | N/A | 0.00% | -18.90% |
| Wijaya Karya Bangunan Gedung Tbk.WEGE | 214 | 216 | -0.93% | N/A | 0.00% | -17.05% |
| Pelita Samudera Shipping Tbk.PSSI | 214 | 208 | 2.88% | N/A | 0.00% | 24.42% |
| Panca Budi Idaman Tbk.PBID | 1,575 | 1,580 | -0.32% | N/A | 0.00% | -2.48% |
| Dwi Guna Laksana Tbk.DWGL | 181 | 184 | -1.63% | N/A | 0.00% | 10.37% |
| Asuransi Jiwa Syariah Jasa Mitra AbadiJMAS | 163 | 175 | -6.86% | N/A | 0.00% | -18.09% |
| Campina Ice Cream IndustryCAMP | 242 | 244 | -0.82% | N/A | 0.00% | -22.44% |
| Jasa Armada IndonesiaIPCM | 314 | 322 | -2.48% | N/A | 0.00% | -10.80% |
| Prima Cakrawala AbadiPCAR | 278 | 298 | -6.71% | N/A | 0.00% | -25.27% |
| Combined Total | 15,702 | 15,611 | 0.58% | -9.12% |
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