The European Central Bank’s decision to introduce a 60 million euro per month bond-buying program (quantitative easing) up to September 2016 - a move to boost the Eurozone economy - has caused positive sentiments in Indonesia as increased global liquidity is expected to benefit emerging markets. The benchmark stock index of Indonesia rose 1.35 percent hence hitting a new all-time high at 5,323.88 points. Meanwhile, the rupiah appreciated 0.23 percent to IDR 12,459 per US dollar based on the Bloomberg Dollar Index.

Read more ›

Indonesian investment fund managers may be allowed to include foreign assets in their mutual funds (conventional and Islamic-based mutual funds), offered to investors, soon. Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan, abbreviated OJK) is currently formulating new regulations - expected to be finalized by June 2015 - that would allow to include foreign assets in an attempt to reduce risks by diversifying mutual fund portfolios. Indonesian investment managers had been requesting for this new regulation.

Read more ›

Indonesian tobacco giant Hanjaya Mandala Sampoerna (HM Sampoerna), subsidiary of Philip Morris International, is studying the requirement to increase its free float ratio from (a mere) 1.82 percent to 7.50 percent. Last year, the Indonesia Stock Exchange (IDX) announced that it would force listed companies to offer at least 7.50 percent of their enlarged equity to the public. This rule will come into effect in January 2016. HM Sampoerna is the third-largest Indonesian company in terms of market capitalization (IDR 295 trillion).

Read more ›

Bank Yudha Bhakti, an Indonesian commercial bank, made its trading debut on the Indonesia Stock Exchange (IDX) on Tuesday (13/01). Shares of the small-sized lender immediately soared nearly 70 percent. The bank, which is listed under the code BBYD, offered 300 million shares (11.9 percent of its equity) to the public for a price of IDR 115 per share thus raising IDR 34.5 billion (USD $2.8 million). The initial public offering (IPO) of Bank Yudha Bhakti is the first IPO on the Indonesia Stock Exchange in 2015.

Read more ›

Three Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the first quarter of 2015. These companies are Bank Yudha Bhakti, Mitra Keluarga and Mitra Energi Persada. Hoesen, Director of Corporate Valuation at the IDX, said that the listing of Mitra Energi Persada (an oil, gas and coal distributor) is actually a re-listing as the company had de-listed from the Exchange in 2007. The company is expected to offer 11 percent of its enlarged equity to the public.

Read more ›

In terms of market capitalization, the largest listed company on the Indonesia Stock Exchange (IDX) is now Bank Central Asia (BCA). BCA, Indonesia’s second largest bank by assets, managed to surpass HM Sampoerna and Astra International at the end of 2014 with a value of IDR 320 trillion (USD $26.6 billion), or 6.1 percent of total market capitalization of the IDX (IDR 5,228 trillion). Despite tougher conditions in Indonesia’s financial sector (amid a higher interest rate environment) shares of BCA rose 36.7 percent in 2014.

Read more ›

Bank Yudha Bhakti, an Indonesian commercial bank, is preparing an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer 300 million shares, or 11.9 percent of its enlarged equity, to the public and plans to raise IDR 34.5 billion (USD $2.8 million) as it offers the shares at IDR 115 per piece. The offering starts between 5 and 7 January 2015, while listing at the IDX is planned for 13 January 2015. Underwriters for the IPO are Semesta Indovest and Equator Securities.

Read more ›

Gold miner Archi Indonesia, unit of the Rajawali Corpora Group, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) due to the sluggish global economy resulting in the weak global gold price (which is currently touching four-year lows). Archi Indonesia’s IPO was planned to be held this December and was estimated to be the largest IPO on the IDX in 2014 in terms of capital raised (roughly USD $285 million), exceeding the value of taxi operator Blue Bird’s IPO earlier this year.

Read more ›

A total of six Indonesian companies are expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in December 2014. Today (Wednesday 03/12), shipping company Soechi Lines made its trading debut, raising around IDR 582.5 billion (USD $48 million) by offering 1 billion new shares, or 15 percent of the company’s enlarged capital, to the public. The company’s shares surged as much as 27 percent after the opening. It was the 20th company to list on the IDX in 2014.

Read more ›

Indonesia’s Financial Services Authority (OJK) in cooperation with the Indonesian Bond Pricing Agency (IBPA) and the Indonesia Stock Exchange (IDX) has launched a bond index on Friday (21/11) involving government and corporate bonds that should function as a reference for the pricing and performance. This new index is called the INDOBEX and is divided into three types of indices: INDOBEX Composite, INDOBEX Government and INDOBEX Corporate. Each index has a total return, clean price, gross price, effective yield and gross yield index.

Read more ›

A selection of corporate earnings reports (covering net profit and revenues in the first nine months of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are 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.

Read more ›

Before the end of the year, fast-moving consumer goods (FMCG) company Kino Indonesia plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company aims to raise around IDR 1 trillion (approx. USD $74 million) by offering 228.6 million new shares, equivalent to 16 percent of its enlarged capital, to the public. The price range of has been set between IDR 3,750 and IDR 5,225 per share. Credit Suisse, Deutsche Bank and Indo Premier Securities launched the float on Tuesday (10/11) with book-building to continue until 20 November.

Read more ›

Indonesian assets weakened on Friday (06/11) on expectation that US non-farm payrolls and US employment data would improve, suggesting that a Fed Fund Rate hike may occur in December 2015. Such expectations were correct. After Indonesian and other Asian markets had closed on Friday, the US Labor Department announced that October payrolls rose 271,000 (the largest increase this year), while the US unemployment rate touched a seven-year low at 5 percent. Furthermore, the average hourly earnings over the past 12 months climbed by the most since 2009.

Read more ›

For those who follow Indonesian stock markets, it is no mystery that the trend have not been encouraging or supportive in the year 2015. Several important stock benchmarks that track equity performance for the region show year-to-date losses of 30% or more, and this has led many investors to steer clear of the emerging markets space until things start to stabilize.

Read more ›

A selection of corporate earnings reports (covering net profit and revenues in the first half of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are 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.

Read more ›

After a real roller coaster ride, Indonesia’s benchmark stock index (Jakarta Composite Index) climbed 0.35 percent to 4,446.20 points at the end of the trading week. The majority of key stock indices across the globe tended to strengthen on Friday after a week characterized by severe volatility amid concern about the economic situation in China.

Read more ›

The Indonesian rupiah touched a 17-year low as the currency continued to depreciate amid persistent bullish US dollar momentum. The rupiah weakened to IDR 13,539 per US dollar according to the Bloomberg Dollar Index on Friday (31/07). The US Commerce Department announced on Thursday (30/07) that US gross domestic product (GDP) expanded at 2.3 percent (year-on-year) in the second quarter of 2015, giving rise to heightened expectation that the US Federal Reserve will raise its key interest rate soon.

Read more ›

The Indonesia Stock Exchange (IDX) welcomed Garuda Metalindo as the ninth company that listed on the IDX so far in 2015. The listing was a success as shares of the company, traded under ticker symbol BOLT, rose 50 percent during its trading debut. Garuda Metalindo is a manufacturer of bolts and nuts for the automotive industry and currently owns two factories in Tangerang and Kapuk (Java). Clients of the company include Astra Honda Motor, Kawasaki Motor, Krama Yudha Tiga Berlian Motor, and Suzuki Indomobil Motor.

Read more ›

A selection of corporate earnings reports (covering net profit and revenues in the first quarter of 2015) of Indonesian companies that are listed on the Indonesia Stock Exchange (IDX) is presented by Indonesia Investments below. The companies are 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.

Read more ›

Mega Manunggal Property, an Indonesian developer and provider of logistics facilities, officially listed its shares on the Indonesia Stock Exchange (IDX) on Friday (12/06) hence becoming the sixth company to have conducted an initial public offering (IPO) on the IDX this year and bringing the total number of listed companies on the IDX to 511. Mega Manunggal Property offered 1.7 billion shares, or 30 percent of its enlarged share capital, for a price of IDR 585 (USD $0.04) per share hence raising IDR 1 trillion (USD $76 million).

Read more ›