Over the past one and a half weeks, a total of three companies went public in Indonesia: (1) First Indo American Leasing, (2) Alfa Energi Investama, and (3) Totalindo Eka Persada.

First Indo American Leasing

Consumer lending company First Indo American Leasing became the 544th listed company in Indonesia on 8 June 2017. It collected IDR 80.4 billion by selling a 41.18 percent stake to the public. All funds generated through this corporate move are allocated to working capital (specifically credit expansion). Since its listing the company's shares have fallen 3.03 percent and, as such, can be labelled the least successful IPO among the three.

Stock Quote First Indo American Leasing - FINN:

Alfa Energi Investama

Energy company and coal miner Alfa Energi Investama was added to the Indonesia Stock Exchange on 9 June 2017, raising IDR 150 billion by selling a 23.08 percent stake to the public. Funds will be used to refinance debt, build new infrastructure, and for working capital. Since its listing its shares have surged a whopping 126 percent.

Stock Quote Alfa Energi Investama - FIRE:

Totalindo Eka Persada

Lastly, construction company Totalindo Eka Persada was added to the Indonesia Stock Exchange on 16 June 2017 and immediately saw its shares rise by almost 50 percent on its debut. It collected IDR 516 billion in funds by selling a 25 percent stake to the public. These funds will be used to refinance debt, for working capital, and capital expenditure.

Stock Quote Totalindo Eka Persada - TOPS:

So far in 2017 a total of 11 companies have conducted an IPO on the Indonesia Stock Exchange and therefore we expect to see a rebound in the number of IPOs this year. Last year only 14 companies went public, the lowest figure since 2009.

Last Update: 22 Jun 2017
IPOs on the Indonesia Stock Exchange up to 16 June 2017
CompanyP: 22 Jun 2017P: 21 Jun 2017Gain/LossP/E ttmYield %Gain/Loss YTD
Sanurhasta Mitra Tbk.MINA1,4851,555-4.50%N/A0.00%518.75%
Forza Land Indonesia Tbk.FORZ6156150.00%N/A0.00%49.27%
Industri dan Perdagangan Bintraco Dharma Tbk.CARS1,6101,6100.00%N/A0.00%-7.47%
Nusantara Pelabuhan Handal Tbk.PORT480486-1.23%N/A0.00%-16.52%
Sariguna Primatirta Tbk.CLEO3963960.00%N/A0.00%10.00%
Pelayaran Tamarin Samudra Tbk.TAMU1,3751,3750.00%N/A0.00%445.63%
Cahayasakti Investindo Sukses Tbk.CSIS795810-1.85%N/A0.00%41.96%
Terregra Asia Energy Tbk.TGRA4244103.41%N/A0.00%24.71%
First Indo American Leasing Tbk.FINN2902861.40%N/A0.00%62.92%
Alfa Energi Investama Tbk.FIRE1,8701,7308.09%N/A0.00%149.33%
Totalindo Eka Persada Tbk.TOPS620655-5.34%N/A0.00%33.62%
Combined Total9,9609,9280.32%69.65%

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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