At the mini expose at the Indonesia Stock Exchange on Wednesday (04/10), Anthony Chandra, Accounting Manager at Pelita Samudera Shipping, said 60 percent of funds that are collected through the IPO will be used for capital expenditure, including business expansion. Meanwhile, 20 percent will be allocated to working capital, while the remainder will be used for debt settlement (bank loans).

Currently, Pelita Samudera Shipping is already engaged in coal logistics. However, it plans to add big tankers and big ships for crude palm oil (CPO) transportation.

Per June 30, 2017, the assets of Pelita Samudera Shipping had reached USD $70 million, including the ownership of 35 ships. The company's ships have an average capacity of 20,000 dwt (deadweight). Considering 90 percent of the company's barge fleet is occupied, it shows Pelita Samudera Shipping has plenty of customers.

So far this year, 24 companies have been listed on the Indonesia Stock Exchange, while eight other companies' IPOs are in the pipeline.

Last Update: 21 Sep 2018
IPOs on the Indonesia Stock Exchange up to 5 October 2017
CompanyP: 21 Sep 2018P: 20 Sep 2018Gain/LossP/E ttmYield %Gain/Loss YTD
Sanurhasta MitraMINA490525-6.67%N/A0.00%-74.81%
Forza Land IndonesiaFORZ9009000.00%N/A0.00%16.88%
Industri dan Perdagangan Bintraco DharmaCARS2,5902,5401.97%N/A0.00%89.05%
Nusantara Pelabuhan HandalPORT5505500.00%N/A0.00%56.25%
Sariguna PrimatirtaCLEO274290-5.52%N/A0.00%-63.95%
Pelayaran Tamarin SamudraTAMU3,2003,310-3.32%N/A0.00%-12.09%
Cahayasakti Investindo SuksesCSIS388398-2.51%N/A0.00%-74.05%
Terregra Asia EnergyTGRA780795-1.89%N/A0.00%43.12%
First Indo American Leasing Tbk.FINN6871-4.23%N/A0.00%-36.45%
Alfa Energi Investama Tbk.FIRE5,2255,1750.97%N/A0.00%289.93%
Totalindo Eka Persada Tbk.TOPS730825-11.52%N/A0.00%-79.55%
Kirana Megatara Tbk.KMTR3323242.47%N/A0.00%-29.06%
Hartadinata Abadi Tbk.HRTA2522500.80%N/A0.00%-12.50%
Integra IndocabinetWOOD625640-2.34%N/A0.00%162.61%
MAP Boga AdiperkasaMAPB1,7251,7250.00%N/A0.00%-8.97%
Armidian Karyatama Tbk.ARMY298304-1.97%N/A0.00%-0.67%
Buyung Poetra Sembada Tbk.HOKI900905-0.55%N/A0.00%160.12%
Marga Abhinaya Abadi Tbk.MABA610625-2.40%N/A0.00%-41.35%
Megapower Makmur Tbk.MPOW140142-1.41%N/A0.00%-52.70%
Mark Dynamics Indonesia Tbk.MARK1,7451,7400.29%N/A0.00%9.06%
Ayana Land International Tbk.NASA600605-0.83%N/A0.00%43.54%
Emdeki Utama Tbk.MDKI3703700.00%N/A0.00%32.14%
Trisula Textile IndustriesBELL2182160.93%N/A0.00%3.81%
Kioson Komersial IndonesiaKIOS2,8002,8000.00%N/A0.00%-3.78%
Combined Total25,81026,025-0.83%-1.42%

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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