At least 11 listed companies on the Indonesia Stock Exchange announced that they are ready to payout dividends to shareholders in the upcoming March-April dividend season. However, the traditional dividend season also implies rising pressures on the rupiah exchange rate as a significant number of shareholders are foreign investors.
Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
USD/IDR (14,690) +0.00 +0.00%
EUR/IDR (17,369) +0.00 +0.00%
Jakarta Composite Index (5,126.33) +22.92 +0.45%
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Three new stocks will enter Indonesia's LQ45 index for the February-July 2016 period. The LQ45 index, compiled by the research and development division of the Indonesia Stock Exchange (IDX), consists of 45 stocks that meet a number of specific criteria. As the stocks listed in the LQ45 are the country's most traded stocks, investors should follow this index. The composition of the LQ45 index is adjusted twice per year (in February and August).
One of the Indonesian companies - listed on the Indonesia Stock Exchange - that is in a great position to improve its corporate earnings on the back of the construction of the country's first high-speed railway is Wijaya Karya Beton (Wika Beton). The railway between Jakarta and Bandung has a length of 142 kilometers and requires a large amount of precast concrete. Moreover, Wika Beton is a subsidiary of Wijaya Karya. This construction company is among the companies that develop the Jakarta-Bandung railway.
The Indonesia Stock Exchange (IDX) is optimistic that its target of a total of 30 new initial public offerings (IPOs) in 2014 will be achieved as the 2014 elections are expected to bring positive market sentiments. Companies and investors are confident that a stronger and more balanced government will be inaugurated in October 2014; one that will foster higher economic growth. Moreover, previous election years have always shown that Indonesia's stock market gets a positive boost amid these elections.
On Tuesday (08/04), Wijaya Karya Beton (Wika Beton) was officially listed on the Indonesia Stock Exchange (IDX) with listed company code WTON. Wika Beton, a subsidiary of majority state-owned construction company Wijaya Karya, specializes in the precast concrete industry of Indonesia. The company issued two billion shares, or 23.47 percent of its enlarged capital, and expects to raise up to IDR 1.28 trillion (USD $113 million), which will be used for business expansion and for additional working capital.
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Wijaya Karya Beton is one of Indonesia's leading precast concrete producers. The company, which is a subsidiary of state-controlled construction company Wijaya Karya (Wika), manufactures a product line that includes pre-stressed concrete piles, bridge girder products, pipes, railway, and sleepers. After a bleak 2015 Wika Beton is expected to post rising net profit and revenue in the years ahead supported by a capital injection into its parent company.
Construction of a new big infrastructure project in Indonesia has started: the Semanggi flyover in Jakarta's central business district. The project involves two additional elevated ramp roads above the existing intersection at Semanggi (hence creating an interchange). Improving the existing road infrastructure at this location is required in order to ease severe traffic congestion that occurs on working days. The project, which requires high-end technology, kicked off on Friday (08/04) and is scheduled to be completed in August 2017, ahead of the 2018 Asian Games.
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