Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) replaced seven stocks in its Pefindo25 Index for the period 1 February to 31 July 2014. The Pefindo25 Index, which is tracked by yahoo finance, represents stocks of small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that possess good fundamental performances and liquidity. The composition of the index, which contains 25 stocks, is reviewed and revised two times per year.
This most recent revision is based on financial results (audited) of 2012 and stock performances in the period from 1 January 2013 to 31 December 2013.
The seven newcomers in the index are BISI International, Steel Pipe Industry of Indonesia, Nippon Indosari Corpindo, Radiant Utama Interinsco, Sarana Mediatama Metropolitan, Wismilak Inti Makmur and Surya Citra Media. The seven companies that were removed are BW Plantation, Citra Marga Nursaphala Persada, Erajaya Swasembada, Kimia Farma, Ramayana Lestari Sentosa, Sampoerna Agro and Surya Semester Internusa.
Pefindo is a private limited liability company, owned by almost 100 domestic institutional shareholders, such as major pension funds, banks, insurers, the Indonesia Stock Exchange (IDX) and securities companies. The company aims to provide independent and credible ratings on the credit risk of publicly listed companies.
Pefindo25 Index (1 February - 31 July 2014)
|Ace Hardware Indonesia
|Tiga Pilar Sejahtera Food
|Asuransi Multi Artha Guna
|Bekasi Fajar Industrial Estate
|Steel Pipe Industry of Indonesia
|KMI Wire & Cable
|Mitrabahtera Segara Sejati
|Nippon Indosari Corpindo
|Radiant Utama Interinsco
|Sarana Mediatama Metropolitan
|Surya Citra Media
|Express Transindo Utama
|Tiphone Mobile Indonesia
|Total Bangun Persada
|Wismilak Inti Makmur