Below is a list with tagged columns and company profiles.

Today's Headlines IDX

  • Textile Producer Sritex Prepares Listing on Indonesia Stock Exchange

    Sritex Sri Rejeki Isman Company Profile Indonesia Investments Textile Industry

    Sri Rejeki Isman (Sritex), an integrated textile manufacturer, is offering 5.6 billion new shares (equivalent to 30 percent of its total stock equity) to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company expects to reap about IDR 1.34 trillion (USD $136.7 million) in new funds through this IPO. The offering period is from 10 to 12 June 2013 and its listing debut is scheduled for Monday 17 June 2013. Underwriter for the IPO is Bahana Securities.

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  • Cipaganti Citra Graha Conducts IPO on the Indonesia Stock Exchange

    Cipaganti Citra Graha, an Indonesian transportation company, will offer 40 percent of its stock equity to the public through an initial public offering (IPO). The company releases 2 billion shares with a nominal value of IDR 100 per share. These 2 billion shares consist of 1.75 billion new shares as well as 250 million shares that are owned by its holding company Cipaganti Global Corporindo. The company, which will be listed on 9 July 2013, will reserve 40 million shares for the employee stock allocation (ESA).

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  • Largest Indonesian Companies in Terms of Market Capitalization

    Largest Indonesian Companies in Terms of Market Capitalization

    In recent years, Astra International, one of Indonesia's largest diversified conglomerates, dominated the Indonesia Stock Exchange (IDX) in terms of market capitalization. However, it increasingly felt the competition of HM Sampoerna, Indonesia's largest tobacco company. Over the last five years, HM Sampoerna's market capitalization grew by a staggering 746.2 percent. It is also interesting to note that a  handful of Indonesian companies account for over one-third of market capitalization of Indonesia's stock exchange.

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  • Company Profile Update: Nippon Indosari, Indonesian Bread Producer

    PT Nippon Indosari Corpindo Tbk is Indonesia’s largest producer of bread products and its the country's only bread producing company that is listed on the Indonesia Stock Exchange (IDX). The company has shown robust growth in recent years due to the increased consumption of bread products by Indonesia's expanding middle class. Nippon Indosari controls a 90 percent market share in Indonesia's mass production of bread products. Its Sari Roti line of bread is a well-known brand in Indonesia.

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  • Market Capitalization of Indonesia's Stock Exchange Grows Strong

    Market capitalization of the Indonesia Stock Exchange (IDX) has surpassed its psychological boundary of IDR 5,000 trillion (USD $512.82 billion) last week, supported by the new record high level position of the Indonesia Stock Index (IHSG) on Friday at 5,145.68 points. Up to 17 May 2013, the IHSG gained 18.41 percent this year, thus outperforming all other major stock indices in Asia except for the Philippines and Japan's Nikkei, which gained 41.64 percent this year amid an aggressive stimulus plan of the central bank of Japan.

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  • Update: 69 Indonesian Companies Pay Dividends Worth IDR 64.1 T

    Up to Wednesday (15/05/13), 69 Indonesian companies have announced to pay out dividends for the financial year 2012 to their shareholders, totaling a combined amount of IDR 64.1 trillion (USD 6.57 billion). This amount is equivalent to 41 percent of 2012's net profit of the 69 companies. In the weeks ahead, it is expected that more companies will announce dividend payouts. In 2012, more than one hundred listed companies on the Indonesia Stock Exchange (IDX) paid out dividends (of a total number of 462 listed companies at end 2012).

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  • Indonesia Stock Exchange: about 150 IPOs Expected in the Next Five Years

    Director of Corporate Valuation of the Indonesia Stock Exchange (IHSG), Hoesen, said that the stock exchange expects 150 companies to conduct an initial public offering (IPO) on the IHSG within the next five years. In other words, an average of 30 newly-listed companies per year. Also, the amount of domestic investors in Indonesia is expected to increase to become one percent (of the 240 million-numbering population).

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  • Islamic Unit of Bank Mandiri Aims for Public Listing on Indonesia Stock Exchange

    An unit of Bank Mandiri - Bank Syariah Mandiri - is aiming for an initial public offering (IPO) in 2014. This step would make Bank Syariah Mandiri the first publicly listed Islamic lender of Indonesia. In Indonesia, 11 Islamic lenders are active but total assets of these lenders are small compared to the country's total banking assets. In recent years, however, Islamic financing has experienced substantial growth in Indonesia.

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Latest Columns IDX

  • Despite Less Rosy Sentiments, Jakarta Composite Index Remains Strong

    Despite being - technically - overbought, the Jakarta Composite Index (Indonesia's benchmark stock index also known as the IHSG) continued its upward trend on Wednesday (19/02). Moreover, as market sentiments have turned less positive due to data from Europe and the USA (causing European and American indices to slow down) as well as a depreciating rupiah exchange rate, there was a sincere risk of a weakening IHSG today. However, contrary to our expectations, the IHSG rose 0.80 percent to 4,592.65 points.

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  • Gain of Jakarta Composite Index Limited due to Mixed Sentiments

    Gain of Jakarta Composite Index Limited due to Mixed Sentiments

    As we have explained before, a significant amount of market participants will engage in profit taking after a day (or in this case a number of days) of gain. Mixed sentiments originating from the Asian continent, particularly Japan and China, as well as the depreciating Indonesian rupiah exchange rate contributed to the slight gain of Indonesia's benchmark index (known as the Jakarta Composite Index or IHSG). The IHSG rose 0.02 percent to 4,556.19 points on Tuesday (18/02).

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  • Jakarta Composite Index and Rupiah Continue Winning Streaks

    The Jakarta Composite Index (Indonesia's benchmark stock index, also known as IHSG) continued its upward rally on Monday (17/02) even though it had concerned us that the index almost touched its 'overbought' level. Especially as the index posted limited gain by the end of last week, it made us unsure about its performance on Monday. And while there are several factors that caused positive market sentiments, we still warn for potential weakening of the index due to profit taking. On Monday (17/02), the IHSG rose 1.05% to 4,555.37 points.

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  • Indonesia's Stock Index Down 0.10% But Rupiah Strengthens Sharply

    The weakening Dow Jones Index on Wednesday (12/02) caused negative market sentiments in Asia the following day. Most Asian indices, including Indonesia's Jakarta Composite Index (IHSG), were down. Not even the announcement that Bank Indonesia decided to maintain its benchmark interest rate (BI rate) at 7.50 percent was able to push the IHSG back in the green zone. Investors probably already anticipated the central bank's decision as it was in line with the market's expectation.

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  • Both Indonesia's Rupiah and Stock Index Strengthen on Wednesday

    Positive market sentiments stemming from Wall Street pushed Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG) further up on Wednesday (12/02). Even though technical indicators (such as the bollinger band) suggest that the majority of Indonesian stocks are close to the overbought area, it did not prevent investors from stock trading. The appreciating rupiah exchange rate, rising Asian indices and positive openings in Europe all contributed to the IHSG's 0.58 percent gain to 4,496.29 points.

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  • JP Morgan and Standard & Poor's Provide Boost for Asian Markets

    JP Morgan and Standard & Poor's Provide Boost for Asian Markets and JCI

    Indonesia's benchmark stock index (IHSG or Jakarta Composite Index/JCI) rebounded on Tuesday (11/02) after being impacted by rising Asian stock indices that followed Wall Street's positive ending on Monday (10/02) as well as higher prices of several commodities. Moreover, JP Morgan Chase & Co released a positive assessment of China's banks and stock market. Lastly, Standard & Poor’s put Indonesia's banks on a stable outlook. Combined, these factors made the IHSG rise 0.44 percent to 4,470.19 points.

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  • Jakarta Composite Index Down 0.36% due to Companies' Slowing Profit

    After experiencing 3 consecutive days of growth, Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) weakened on the first trading day of the week after market participants engaged in profit taking. As such, and contrary to its usual performance, the index did not follow rising global indices on Friday (07/02). The IHSG fell 0.36 percent to the level of 4,450.75 points on Monday (10/02). Domestic investors recorded a net sell, while foreign investors recorded a net buy of IDR 842 billion.

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  • Is Foreign Confidence in Indonesia’s Capital Market Restored in 2014?

    In 2013, Indonesia experienced a rough year in terms of stock trading. The world was shocked by Ben Bernanke’s speech in late May 2013 in which he hinted at an end to the Federal Reserve’s large monthly USD $85 billion bond-buying program known as quantitative easing. Through this program, cheap US dollars found their way to lucrative yet riskier assets in emerging economies, including Indonesia. But when the end of the program was in sight, the market reacted by pulling billions of US dollars from emerging market bonds and equities.

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  • Stock Market Update Indonesia: IHSG Gains on 2013's GDP Growth Result

    On Wednesday (05/02), several factors caused a rebound of Indonesia's benchmark stock index (Jakarta Composite Index/IHSG). The IHSG climbed 0.74 percent to 4,384.31 points, thus closing the gap on 4,367-4,377. These factors were strengthening indices on Wall Street after US factory orders did not decline as much as was anticipated by the market, as well as today's release of Indonesia's 5.78 percent GDP growth figure (which was slightly higher than forecasted) and which led to an appreciating rupiah exchange rate.

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  • Jakarta Composite Index Falls 0.78% on Weak US Manufacturing Data

    An analysis of today's (04/02) performance of Indonesia's benchmark stock index (the Jakarta Composite Index, abbreviated IHSG) is more or less the same as yesterday's analysis. The IHSG declined 0.78 percent to 4,352.26 points as market participants engaged in profit taking amid concern about weakening stock indices in the USA and Europe after seeing the US Manufacturing PMI fall to 53.7 in January 2014, while the index of US national factory activity fell to 51.3, its lowest level since May 2013.

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