Trimuda Nuansa Citra, an Indonesia-based cargo and logistics company, made its trading debut on the Indonesia Stock Exchange on Thursday (28/06). The company became the top gainer of the day as its shares soared 69.33 percent (thus triggering the auto reject system), while the benchmark Jakarta Composite Index tumbled 2.08 percent amid concern over Sino-US trade tensions.
Trimuda Nuansa Citra became the 21st company to become a publicly-listed entity in Indonesia so far in 2018. There are now a total of 585 companies listed on the Indonesia Stock Exchange.
Through the initial public offering (IPO) on the Indonesia Stock Exchange Trimuda Nuansa Citra offered 200 million shares to the public, equivalent to 47.43 percent of the company's issued share capital, for a price of IDR 105 a piece. As such, the company raised IDR 30 billion (approx. USD $2 million) through the corporate move. Underwriter for the IPO, which was oversubscribed 12.5 times, was Jasa Utama Capital Sekuritas.
Trimuda Nuansa Citra targets to see a 82 percent (year-on-year) increase to IDR 4 billion (approx. USD $282,000) in net profit in full-year 2018. The company is on track to achieve that target because in the first six months its net profit reached IDR 2 billion. Meanwhile, its sales are targeted to reach IDR 64 billion in 2018 (up from IDR 51 billion worth of sales in the preceding year).
Earlier, Arifin Seman, President Director of Trimuda Nuansa Citra, had told that 71.88 percent of the IPO proceeds would be used to pay for land acquisition in Karawang (West Java). The company plans to acquire a total of 1.7 hectares of land to build a storage warehouse. Total funds that are required for the land acquisition amount to IDR 25 billion. So far the company has already paid IDR 7 billion. The remaining funds will originate from the IPO.
So far in 2018 a total of 21 companies have been added to the Indonesia Stock Exchange:
Last Update: 30 Nov 2018
IPOs on the Indonesia Stock Exchange up to 28 June 2018
|Company||P: 30 Nov 2018||P: 29 Nov 2018||Gain/Loss||P/E ttm||Yield %||Gain/Loss YTD|
|LCK Global KedatonLCKM||300||312||-3.85%||N/A||0.00%||-3.85%|
|Borneo Olah Sarana SuksesBOSS||2,400||2,270||5.73%||N/A||0.00%||300.00%|
|Sky Energy IndonesiaJSKY||880||895||-1.68%||N/A||0.00%||46.67%|
|Indah Prakasa Sentosa Tbk.INPS||2,040||2,040||0.00%||N/A||0.00%||392.75%|
|Gihon Telekomunikasi Indonesia Tbk.GHON||1,280||1,170||9.40%||N/A||0.00%||-27.07%|
|Tridomain Performance Materials Tbk.TDPM||300||304||-1.32%||N/A||0.00%||-12.28%|
|Dafam Property Indonesia Tbk.DFAM||800||810||-1.23%||N/A||0.00%||310.26%|
|Charnic Capital Tbk.NICK||135||141||-4.26%||N/A||0.00%||-60.29%|
|Bank Tabungan Pensiunan Nasional Syariah Tbk.BTPS||1,715||1,725||-0.58%||N/A||0.00%||17.47%|
|Bank BRIsyariah Tbk.BRIS||540||545||-0.92%||N/A||0.00%||-0.92%|
|Surya Pertiwi Tbk.SPTO||980||985||-0.51%||N/A||0.00%||-17.65%|
|Royal Prima Tbk.PRIM||660||670||-1.49%||N/A||0.00%||-12.00%|
|Medikaloka Hermina Tbk.HEAL||3,050||3,050||0.00%||N/A||0.00%||-3.79%|
|Sarimelati Kencana Tbk.PZZA||900||900||0.00%||N/A||0.00%||-18.55%|
|Guna Timur Raya Tbk.TRUK||132||141||-6.38%||N/A||0.00%||-61.63%|
|Asuransi Tugu Pratama Indonesia Tbk.TUGU||3,390||3,370||0.59%||N/A||0.00%||-5.83%|
|Steadfast Marine Tbk.KPAL||270||286||-5.59%||N/A||0.00%||38.46%|
|Sriwahana Adityakarta Tbk.SWAT||127||127||0.00%||N/A||0.00%||-53.31%|
|MNC Studios International Tbk.MSIN||350||364||-3.85%||N/A||0.00%||-33.33%|
|Trimuda Nuansa Citra Tbk.TNCA||200||197||1.52%||N/A||0.00%||-21.26%|
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