Below is a list with tagged columns and company profiles.

Today's Headlines IDX

  • Indonesian Stocks: Investor33 Index Outperforms Jakarta Composite Index

    The recently launched Investor33 Index has outperformed both the benchmark stock index of Indonesia (Jakarta Composite Index or IHSG), which contains all stocks that are listed on the Indonesia Stock Exchange, and the LQ45 Index, a stock index which contains 45 Indonesian listed companies that fulfil certain criteria. In the first six months of 2014, the Investor33 Index climbed 16.36 percent, whereas the IHSG increased 14.14 percent and the LQ45 Index 15.68 percent.

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  • Sakari Resources Will IPO on Indonesia Stock Exchange When Coal Price Rises

    PTT Plc, a Thailand-based energy company which conducts coal mining activities in Sebuku, Jambayan and Laung (all on the island of Kalimantan), is planning to list its subsidiary, Sakari Resources, on the Indonesia Stock Exchange through an initial public offering (IPO). PTT Plc has been active in Indonesia's mining sector since 2008 when it acquired a 94 percent stake in (Singapore-listed) Sakari Resources. After the acquisition, Sakari Resources delisted from the Singapore Stock Exchange.

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  • New Index Investor33 Launched by Beritasatu Media Holdings and IDX

    Beritasatu Media Holdings in cooperation with the Indonesia Stock Exchange (IDX) officially launched its Index Investor33 on Friday (21/03). This index consists of 33 listed companies at the IDX that share strong fundamentals, assessed through both technical and fundamental analyses. According to Hoesen, Director of Corporate Valuation at the IDX, the 33 companies have influenced the performance of the Jakarta Composite Index (Indonesia's benchmark stock index) considerably in recent years.

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  • Wika Beton Sets Share Price at IDR 590 for IPO on Indonesia Stock Exchange

    Wijaya Karya Beton, better known as Wika Beton, set its share price at IDR 590 for the initial public offering (IPO) on the Indonesia Stock Exchange. Previously, the company indicated an offering price target in the range of IDR 470 to IDR 630 per share. As Wika Beton's shares are expected to lure investors, the price was set relatively high within that price range. During Wika Beton's roadshow to Malaysia, Singapore and Hong Kong, global investors expressed their interest in the company's prospects.

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  • Graha Layar Prima Conducts IPO on the Indonesia Stock Exchange

    According to the prospectus that was published on Monday (17/03), Graha Layar Prima will offer 140 million new shares, or 46.11 percent of the company's enlarged capital, to investors in an initial public offering (IPO) on the Indonesia stock exchange (IDX). Graha Layar Prima operates a cinema chain (known as Blitzmegaplex) that is present in several big Indonesian cities, including Jakarta, Bandung, Bekasi, Tangerang and Balikpapan. Funds that are gained through the IPO will all be used for the establishment of seven new cinemas.

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  • Television Station ANTV Conducts IPO on the Indonesia Stock Exchange

    Indonesian television station Cakrawala Andalas Televisi (ANTV), owned by the controversial Bakrie Group, is conducting an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). Bookbuilding started today (28/02) and will continue up to 7 March 2014. Its listing on the IDX is planned for 27 March 2014. The company will offer 588.2 billion shares, 15 percent of its enlarged capital, to the public through this corporate action. Sinarmas Sekuritas has been appointed as underwriter of the IPO.

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  • Owners of Controversial Tujuh Bukit Plan IPO on Indonesia Stock Exchange

    The owners of Tujuh Bukit, a gold and copper project located near Banyuwangi (East Java), are planning to conduct an initial public offering on the Indonesia Stock Exchange in the third quarter of 2014. The project zone is estimated to contain at least 1.6 million ounces of gold and 60 million ounces of silver. If construction of the mine can be realized this year, then gold production can start in 2016. Construction of the copper mine is expected to start in 2019. Through the IPO, USD $75 million is targeted to be raised (used for concession development).

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  • Rally of Rupiah and Jakarta Composite Index Paused by Profit Taking

    The Indonesian rupiah exchange rate depreciated 0.14 percent to IDR 11,665 per US dollar on Tuesday (25/02) based on the Bloomberg Dollar Index. The currency's depreciation was due to US dollar demand from Indonesian importers while offshore funds engaged in profit taking as the rupiah is the best performer in February 2014 among 31 major currencies tracked by Bloomberg (against both the euro and US dollar). The rupiah is also the best-performing Asian currency this year so far.

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  • Indonesia Investments' Newsletter of 9 February 2014 Released

    On 9 February 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic matters such as an analysis of economic growth in 2013, the trade balance, new IPOs on the stock exchange, an update on January 2014 inflation, and more.

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  • Adhi Persada Properti Plans IPO on Indonesia Stock Exchange in 2015

    Adhi Persada Properti, subsidiary of majority state-owned construction company Adhi Karya, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2015. The company hopes to reap IDR 600-700 billion (roughly USD $54 million) through this corporate action. However, Pulung Prahasto, Director of Adhi Persada Properti, declined to inform how many shares will be publicly listed as this is still a topic for internal debate. Adhi Persada Properti is engaged in property and real estate development.

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Latest Columns IDX

  • The Rising Property Market of Indonesia: Is the Sky the Limit?

    One of the sectors that showed exceptional growth in 2012 was Indonesia's property market. On average, net profit of companies engaged in Indonesia's property sector grew 68 percent during the full year. Of the 45 property companies that are listed on the Indonesia Stock Exchange (IDX), 26 posted net profit growth that exceeded 50 percent. But the success story did not end there. In the first quarter of 2013, the property sectoral index of the IDX continued its fast pace by rising over 41 percent.

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  • No Concerns about Moody's and S&P's; Indonesia's IHSG Surpasses 5000 Level

    Indonesia's main stock index (IHSG) returned to where it belonged: above the level of 5,000 points. Apparently Moody's threat to downgrade Indonesia's credit rating, as has been done by Standard & Poor's a few days ago, did not leave a big impression on market participants. As a result, the IHSG rose 1.02 percent to 5,042.79 and thus almost repaired the damage done at the end of last week. Other Asian stock indices as well as positive openings in Europe also provided good support today.

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  • Indonesia's Main Stock Index (IHSG) Bounces Back after Two Days of Losses

    The upward movements of both American and European stock indices on Friday (03/05/13) provided good support for today's performances of indices in Asia, including the Indonesia Stock Index (IHSG). After having been hit hard for two consecutive trading day's, the IHSG rebounded despite foreign investors still selling off their Indonesian stocks. Others, however, use this momentum to hunt for stocks that are now considered cheap after last week's fall.

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  • The Influence of S&P's Outlook Downgrade on the Indonesia Stock Index (IHSG)

    The Jakarta composite index (IHSG), Indonesia's main stock index, was mixed last week. During the week it lost 53 points or 1.04 percent to finish at the level of 4,925.48. A number of blue chips, such as Bank Mandiri and Astra International, were hit by large sell-offs as the downgrade of S&P's debt outlook for Indonesia's BB+ rating kicked in and triggered serious negative market sentiments. Last week, I already discussed the 'Bloody May' phenomenon, the month that usually results in a correction.

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  • Despite Global Positive Stock Indices, Indonesia's IHSG Continues its Fall

    Indonesia Stock Exchange IHSG 2013 Analysis Indonesia Investments

    Despite strong American and European indices (which impacted positively on most Asian stock indices), Indonesia's main stock index (IHSG) continued its two-day weakening trend. Standard & Poor's decision to downgrade Indonesia's BB+ credit rating outlook from positive to stable was a major reason for foreign investors to start selling their Indonesian assets. At the end of Friday's trading day (03/05/13), the index stood at 4,925.48, an 1.37 percent fall.

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  • Standard & Poor's Revised Outlook Ushers in Indonesia's Traditional 'May Cycle'?

    The Indonesia Stock Index (IHSG) fell victim to large profit taking on Thursday's trading day (02/05/13) after having set a new record yesterday. Market players are probably concerned about the 'May Cycle' which refers to the traditional fall of the IHSG in the month of May. But negative market sentiments were particularly brought on by Standard & Poor’s revised outlook on Indonesia’s BB+ rating from positive to stable. It triggered a 1.32 percent correction in Indonesia's stock index.

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  • April Deflation and Orderly May Day Demonstrations Support Indonesia's IHSG

    The release of Indonesia's April deflation figure (0.10%) and orderly May Day demonstrations provided a good environment for investors to continue purchasing Indonesian stocks (despite uncertainty about Indonesia's subsidized fuel policy. Moreover, positive Asian stock indices - in combination with positive European openings on Wednesday - made the Indonesia Stock Index (IHSG) rise to a new record level of 5,060.92 points on Wednesday (01/05/13), a 0.53 percent gain.

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  • Indonesia's Main Stock Index (IHSG) Reaches Beyond Psychological Boundary

    Even though American and European stock indices were positive on Monday (in fact S&P 500 set a new record) it did not impact directly on the performance of Indonesia's main stock index (IHSG) on Tuesday (30/04/13). In the first session, the IHSG's peak at 5,014 points was only short-lived and quickly lowered again. In the second session, however, the index started to show more solid growth (despite the ongoing uncertainty about Indonesia's subsidized fuel price) as Asian stock markets were mostly up.

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  • Jakarta Composite Index (IHSG) Gains 0.43 Percent amid Mixed Asian Markets

    After two consecutive days of decline, the Jakarta Composite index (IHSG) had no intention to continue its fall. Indonesia's main index was able to rise 0.43 percent to 4,999.75 points on Monday 29 April 2013. Stocks that had been weakening in recent days were popular among investors. Moreover, both Asian stock indices and foreign net purchases of Indonesian stocks supported Indonesia's index, although it fell short of reaching the psychological boundary of 5,000 points.

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  • Bloody May; the Month that Brings Traditional Pressures on Indonesia's IHSG

    Last week Indonesia's main stock index (IHSG) was mixed with a weakening trend. The index lost 19.9 points, equivalent to 0.40 percent of its value. During the last month, the index consolidated within the range of 4,800 and 5,030 points. Foreign funds continued to pour in and trade volume remained high although below average trade in the last three weeks. In fact, our technical indicators are showing signs that Indonesia's main stock index has become saturated.

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