Below is a list with tagged columns and company profiles.

Today's Headlines IDX

  • Engineering and Manufacturing Company Grand Kartech Lists on IDX

    Grand Kartech, an Indonesian engineering and manufacturing company, will be listed on the Indonesia Stock Exchange (IDX) today (08/11). The company offers 163.64 million shares to the public through its initial public offering (IPO). The stock price that was set for the IPO amounts to IDR 275 (USD $0.024) per share and the company expects to reap IDR 45 billion (USD $4.0 million) through this corporate action. Demand for Grand Kartech's shares has been high as the IPO is oversubscribed almost 44 times.

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  • Sawit Sumbermas Sarana Conducts IPO on Indonesia Stock Exchange

    Sawit Sumbermas Sarana, a subsidiary of palm oil plantation company Citra Borneo Indah, plans to release 15.7 percent of its shares (1.5 billion shares) to the public through an initial public offering (IPO). The IPO will be conducted in November 2013. The book building takes place between 7 and 20 November and the official listing on the Indonesia Stock Exchange is scheduled for 12 December 2013. The underwriters of the IPO are BNP Paribas Securities, Mandiri Sekuritas and RHB OSK Securities.

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  • Indonesia Stock Exchange Expects 30 Newly Listed Companies in 2014

    The Indonesia Stock Exchange expects that 30 companies will conduct their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014. This target is the same as the target that had been set for this year. Next year, legislative and political elections in Indonesia will bring some uncertainties to the Indonesian market and may be a reason for some companies to postpone the IPO. Up to now, six companies have announced to conduct their IPO in 2014. In 2013 so far, 25 companies have been newly listed on the IDX.

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  • Indonesia Turns into Bullish Market as Quantitative Easing Continues

    The Federal Reserve's decision not to change its quantitative easing program seems to have led to a bullish market in Asia. Indonesia's benchmark stock index (IHSG) rose 4.37 percent to 4,658.2 points after the first session on Thursday's trading day (19/09). All sectoral indices were up, with the property sector in leading position. Big cap stocks, in particular, performed well. Investors are relieved that the Fed did not alter its stimulus program. Thus, funds are expected to continue flowing to emerging markets, including Indonesia.

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  • Indonesia's Benchmark Stock Index Falls 5.58% amid Heavy Concerns

    Indonesian stocks took a large dive on today's trading day (19/08) at the Indonesia Stock Exchange. The IHSG (the index of all listed stocks) fell 5.58 percent to 4,313.52 points as negative market sentiments caused foreign investors to pull money out of the Indonesian market. Investors are highly concerned about a number of macroeconomic data that have been released recently. These data indicated the slowest economic growth since Q3-2010, inflation at a four-year high and a widening trade deficit.

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  • Eleven more IPOs Expected on the Indonesia Stock Exchange in 2013

    It is believed that a total of eleven Indonesian companies are going to conduct an initial public offering (IPO) in the second half of 2013 on the Indonesia Stock Exchange (IDX). Up to July, 24 companies have already been listed on the IDX and raised a combined IDR 12,79 trillion (USD $1.25 billion) of funds. Of the eleven companies that are expected to conduct an IPO in Semester II-2013, three were actually planned to be conducted in Semester I-2013 but were postponed.

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  • Top Indonesian Companies in Terms of Profitability and Revenue

    Fortune Indonesia, a business magazine, has compiled a top 100 of the most profitable Indonesian companies that were listed on the Indonesia Stock Exchange (IDX) in 2012. The list was published on Tuesday (09/07) in Jakarta. The company that is leading Fortune's ranking is Astra International, one of the largest diversified conglomerates in Indonesia. Astra is not only the most profitable (net profit) company that is listed on the IDX but also the leading company in terms of highest revenue.

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  • Three Companies Newly Listed on the Indonesia Stock Exchange

    Today, three Indonesian companies will be listed on the Indonesia Stock Exchange (IDX). These companies are Victoria Investama (VICO), Multipolar Technology (MLPT), and Bank Mestika Dharma (BBMD). This year so far, 21 Indonesian companies have conducted their initial public offering (IPO). Eight others are still planning to conduct one in 2013. Indonesia's stock exchange has seen large capital outflows in the last month due to international concerns about a stop to the US quantitative easing program.

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  • Morgan Stanley: Indonesia's Securities Vulnerable to Capital Outflows

    After the World Bank signaled slowing economic growth in Indonesia, American multinational financial services corporation Morgan Stanley also detects problems in Southeast Asia's largest economy. According to Jonathan Garner, chief Asia and emerging-market strategist for Morgan Stanley, Indonesia’s stock market is the most vulnerable stock market in Southeast Asia in terms of sudden capital outflows. Morgan Stanley downgraded Indonesia's equities to underweight from equal weight and labeled the country as "a relatively over-owned country".

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  • Bank Indonesia Raises its Interest Rate to 6.0% to Support the Rupiah

    The central bank of Indonesia (Bank Indonesia) decided today to raise its benchmark interest rate by 25 basis points to 6.0 percent. The decision was made amid concerns about the inflationary impact of a hike in subsidized fuel prices (planned this June) as well as increasing uncertainty in global financial markets as central banks' may scale back stimulus programs. The Indonesian rupiah has weakened considerably in 2013 and forms the worst performer in Asia after the Japanese yen among the 11 most-traded currencies tracked by Bloomberg.

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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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