Today, Indonesian integrated fishery, marine product processing and cold storage company Dua Putra Utama Makmur will be listed on the Indonesia Stock Exchange (IDX), hence becoming the 13th company to have conducted an initial public offering (IPO) on the IDX this year. Previously it was reported that the IPO of Dua Putra Utama Makmur was oversubscribed 1.5 times, reflecting robust demand. Overall, however, the number of IPOs on the IDX has been disappointing in 2015. Next year is expected to be a better year.

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The recent visit of Indonesia Stock Exchange (IDX) General Director Tito Sulistio and Director of Corporate Listing Samsul Hidayat to Freeport Indonesia's Grasberg mine in Timika (Papua), signals that the subsidiary of US-based natural resources company Freeport McMoRan Copper & Gold Inc is serious about studying the possibility to divest a 10.64 percent stake through an initial public offering (IPO) on the IDX. Both Directors met Freeport Indonesia's General Director Maroef Sjamsoeddin at the world’s largest gold mine and third-largest copper mine.

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Indonesian stocks and the rupiah weakened on Monday morning (30/11). Indonesia's benchmark Jakarta Composite Index (IHSG) was down 0.84 percent to 4,522.09 points, while the Indonesian rupiah had depreciated 0.21 percent to IDR 13,830 per US dollar (Bloomberg Dollar Index) by 11:15 am local Jakarta time. Negative sentiments still stem from China and the looming Fed Fund Rate hike in December, while there are few to none domestic sentiments that can support the nation's assets.

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The trading of shares of Indonesian coal miner Golden Eagle Energy has been suspended for the second time this month by the Indonesia Stock Exchange (IDX) on Wednesday (25/11) after the company's share price plunged nearly 76 percent since 2 November 2015. Irvan Susandy, Chief of Transaction Supervision at the IDX, said share trading had to be suspended as Golden Eagle Energy, a subsidiary of Rajawali Corpora, has not provided any information to the IDX that could explain its recent stock performance.

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The Indonesia Stock Exchange (IDX) will give time until 31 January 2016 for the remaining 18 publicly-listed companies that have not yet complied with the new minimum free float requirement that aims to increase liquidity in the stock market. In January 2014, the IDX announced it designed a new rule that forces all listed companies on the IDX to have a minimum free float of 7.5 percent. Samsul Hidayat, Director of Corporate Listing at the IDX, said these 18 companies are currently studying whether to conduct a rights issue or a stock split in order to raise their free float.

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Due to heightened expectation of a US interest rate hike in December, the US dollar was pushed to a seven-month high today. As a consequence, the rupiah depreciated 0.73 percent to IDR 13,722 per US dollar (Bloomberg Dollar Index). Moreover, the strong US dollar impacted negatively on commodity prices. Many commodity prices, including oil, copper and nickel plunged severely on today's trading day. For key commodity producers, which include Indonesia, falling commodity prices put pressure on assets.

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Indonesian assets produced a strong finish on Friday (20/11). The benchmark Jakarta Composite Index and rupiah both strengthened considerably on increased certainty about the timing of higher US interest rates, while China announced it implemented more measures to encourage economic growth, giving rise to a stronger yuan (supporting stronger emerging currencies in Asia). Indonesian stocks rose 0.94 percent to 4,561.33 points, while the rupiah appreciated 1.10 percent to IDR 13,623 per US dollar (Bloomberg Dollar Index).

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Ateliers Mecanique D'Indonesie, better known as Atmindo, will offer 240 million new shares, equivalent to 22.2 percent of the company's enlarged capital, to the public for a price of IDR 120-140 per share in an initial public offering (IPO) on the Indonesia Stock Exchange in December 2015. Through this corporate action, the boiler manufacturer targets to raise up to IDR 33.6 billion (approx. USD $2.5 million). The setting of the share price in the IPO is based on a price-to-earnings ratio of 8.0 - 9.3 times.

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Stock indices in Asia were mixed on Wednesday (18/11), while most emerging market currencies depreciated against the US dollar. The Indonesian rupiah was under pressure - touching a six week low - after the central bank (Bank Indonesia) cut the primary minimum statutory reserves from 8.00 percent to 7.50 percent (effective per 1 December 2015), hence providing local financial institutions approximately USD $1.8 billion more in liquidity. However, it may not be enough to trigger an increase in lending as banks are more focused on lending quality than quantity.

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Construction firm Indonesia Pondasi Raya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in December 2015. The company, better known as Indopora, aims to raise around IDR 530 billion (approx. USD $39 million) by offering 303 million shares, or 15.1 percent of its paid-up capital, at a price ranging between IDR 1,280 and IDR 1,920 per share. This range is based on a price-to-earnings ratio of 8 to 12 times. Kurnia Salim, Head of Institutional Business at Yuanta Securities Indonesia, said Indopora is projected to collect IDR 333 billion (approx. USD $25 million) in net profit in 2016.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) closed 1.12 percent higher on Wednesday (17/09) supported by Tuesday’s positive stock indices on Wall Street as well as speculation that the US Federal Reserve will not raise its key interest rate yet. Today (17/09), the Federal Reserve will conclude its Federal Open Market Committee (FOMC) meeting. Lastly, after weak economic data, it was reported that China’s central bank (PBOC) injected USD $82 billion into the country's five largest banks.

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Stock markets in the Asia Pacific were down on Tuesday (16/09) as investors are awaiting the results of the Federal Open Market Committee (FOMC) today (Wednesday 17/09) and are focused on the condition of the Chinese economy. Moreover, investors were disappointed to hear that next Indonesian President Joko Widodo (Jokowi) will appoint 16 party politicians to lead ministries in his cabinet (which is in contrast with his initial plan to appoint technocrats). Lastly, the Indonesian rupiah exchange continued to depreciate.

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Indonesia Investments presents a selection of corporate earnings reports (covering the first half of 2014) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX), categorized by sector: (1) agriculture and mining, (2) basic industry and chemicals, (3) miscellaneous industry, (4) consumer goods, (5) property and real estate, (6) infrastructure, utilities and transportation, (7) finance, and (8) trade, services and investment. The tables display both net profit (loss) and revenues, together with year-on-year (yoy) growth.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) ended at a record high on Wednesday (03/09) as market sentiments were positive after the Indonesian government raised USD $1.5 billion from 10-year dollar-denominated Islamic bonds (known as sukuk) on Tuesday (02/09). Foreign investors submitted USD $10 billion worth of bids, six times the amount offered, showing that they are confident about the country’s current and future economic prospects.

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Property stocks listed on the Indonesia Stock Exchange (IDX) have outperformed all other stocks between the first trading day of 2014 up to 29 August 2014. The IDX’ property sector category rose 37.6 percent in the indicated period, whereas the benchmark stock index (Jakarta Composite Index, abbreviated IHSG) - which involves all stocks traded on the IDX - climbed 18.7 percent over the same period. On the IDX, stocks are placed in ten sectoral categories. The second-best performing sectoral index was finance (+24.5 percent).

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) declined 0.92 percent to 5,136.86 points on the last trading day of the week. Seven of the ten sectorial indices fell, led by the finance sector (-1.66 percent), followed by consumer goods (-1.50 percent) and manufacturing (-1.34 percent). The main reason for this poor performance is that investors are again looking at the true fundamentals of the Indonesian economy instead of optimism about Joko Widodo becoming Indonesia’s seventh president.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) rose 0.37 percent to 5,184.48 on Thursday’s trading day (28/08) on increased expectation that the transition from the Susilo Bambang Yudhoyono (SBY) government to the Joko “Jokowi” Widodo government will be smooth and efficient evidenced by the pair's meeting in Bali to discuss various matters regarding the transfer of power. For investors, this meeting led to increased optimism. Stocks in the property and miscellaneous sectors led the gain.

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The benchmark stock index of Indonesia (known as the Jakarta Composite Index, abbreviated IHSG) rose 0.36 percent to 5,162.25 points on Wednesday (27/08), effectively ending a three- day losing streak as positive US economic data and increased speculation that the Indonesian government will tackle the fuel subsidy issue. Meanwhile, the Indonesian rupiah exchange rate appreciated 0.22 percent to IDR 11,682 per US dollar based on the Bloomberg Dollar Index, particularly on high hopes that Indonesia’s fuel subsidies will be reduced.

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The benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) fell 0.14 percent to 5,198.90 points on the last trading day of the week, the first day of decline in five trading days, as investors engaged in profit taking after Indonesia’s Constitutional Court confirmed the official election result of the General Elections Commission (KPU) that announced Joko Widodo as winner of the July 2014 presidential election. Next week investors may continue profit taking as the index is still overbought.

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Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) climbed 0.31 percent to 5,206.14 points on Thursday's trading (21/08) on speculation that Indonesia’s Constitutional Court will reject defeated presidential candidate Prabowo Subianto’s claim that the official July 2014 presidential result is illegal due to massive violations. Although the Court is still reading out the verdict, it has already indicated that evidence for violations is incomplete and unconvincing. Therefore, a Court decision that calls for revoting has become unlikely.

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