Below is a list with tagged columns and company profiles.
Today's Headlines IPO
Pelita Samudera Shipping, a leading company in Indonesia's offshore transshipment market, will list on the Indonesia Stock Exchange in November 2017. The company, which uses its June 2017 corporate earnings report for this corporate move, will offer a 20 percent stake to the public through this initial public offering (IPO).
So far this year, a total of 23 companies have conducted an initial public offering (IPO) - hence listed - on the Indonesia Stock Exchange. This is a good rebound from only 14 listings in 2016 when uncertain domestic and foreign conditions made companies hesitant to go public. Considering eight IPOs are currently in the pipeline, we should see a good year for IPOs in Indonesia.
Emdeki Utama, a leading Indonesian calcium carbide manufacturer, was added to the Indonesia Stock Exchange on Monday (25/09). The company became the 22nd company to conduct an initial public offering (IPO) in Indonesia so far in 2017. There are now 556 companies listed on the local exchange.
Tugu Pratama Indonesia, an Indonesia-based general insurance company, announced it will not conduct its initial public offering (IPO) on the Indonesia Stock Exchange in 2017 as initially targeted. Instead, it now targets to become a publicly listed company in the first half of 2018. Corporate Secretary Syaiful Azhar said there were several internal and external obstacles that blocked the IPO.
Pembangunan Perumahan (PP), a government-controlled construction company, revised the initial public offering (IPO) plans for its subsidiaries. Originally, the company planned to list three units on the Indonesia Stock Exchange in 2017. However, based on the latest statements of the management of PP, only one unit - PP Presisi - will conduct an IPO before the end of 2017.
Garuda Maintenance Facility AeroAsia, the aircraft maintenance and repair unit of Indonesia's national flag carrier Garuda Indonesia, is set to sell a 30 percent stake in an initial public offering (IPO) on the Indonesia Stock Exchange in early October 2017. The offering period is scheduled for 2-4 October 2017.
Indonesia's Ministry of State-Owned Enterprises confirmed only four subsidiaries of state-owned enterprises (SOEs) are conducting an initial public offering (IPO) on the Indonesia Stock Exchange in 2017. This is lower than the original plan of nine companies.
State-owned port and harbor services operator Indonesia Port Corporation (IPC, also known as Pelabuhan Indonesia II or Pelindo II) plans to list its subsidiary Jasa Armada Indonesia on the Indonesia Stock Exchange in December 2017. IPC eyes to generate up to IDR 2.5 trillion (approx. USD $188 million) by selling a 30 percent stake in its unit.
Indonesian state-owned construction company Brantas Abipraya targets to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Suradi Wongso, Finance Director of Brantas Abipraya, said the company plans to offer 30 percent of its total share capital to the public through this corporate move, collecting IDR 3 trillion (approx. USD $226 million) along the way.
After having encouraged capital inflows into Indonesia through the tax amnesty program, Indonesian President Joko Widodo now also urges those multinational companies that operate in Indonesia but are listed abroad to go-public on the Indonesia Stock Exchange. He particularly targets those companies that generate more than 50 percent of their revenue from Indonesia, or, have more than 50 percent of their total assets in Indonesia.
Latest Columns IPO
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.
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.
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).
Several Indonesian companies decided to delay their initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014 due to great political uncertainties brought about by Indonesia’s ‘political year’ (legislative and presidential elections). Moreover, sluggish global economic growth, slowing domestic growth as well as the scrapping of the Federal Reserve’s quantitative easing program impacted on investors’ confidence. Therefore, only 20 companies conducted an IPO last year. This year we should see more IPOs in Indonesia.
Prospects for initial public offerings (IPOs) in Indonesia are positive in 2015, or, at least more positive than in 2014 when Indonesia’s ‘political year’ (legislative and presidential elections) caused severe political uncertainties in the market. However, the country’s slowing economic growth and looming capital outflows brought about by expected further monetary tightening in the USA before the year-end, has made market participants cautious. The Indonesia Stock Exchange (IDX) expects a total of 32 new listings on the IDX in 2015, up from 20 last year.
Mitra Keluarga Karyasehat, a leading Indonesian hospital operator and subsidiary of the Kalbe Group, plans to raise about IDR 4.2 trillion (USD $328 million) in an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in March 2015. The company plans to offer up to 261.9 million shares, or 18 percent of its enlarged equity, to the public. Five percent of this total constitute new shares, while 13 percent are shares divested by private equity firm Lion Investment Partners.
On Monday (22/12), two Indonesian companies were listed on the Indonesia Stock Exchange (IDX). Financing firm Intan Baruprana Finance, subsidiary of publicly listed heavy equipment distributor Intraco Penta, and lender Bank Agris, unit of Dian Intan Perkasa (part of Thailand-based Charoen Pokphand Group). The companies are the 22nd and 23rd company to have conducted an initial public offering (IPO) on the IDX in 2014. The IDX is expecting to see one more IPO this year: Golden Plantation.
Newly listed Impack Pratama Industri, a leading Indonesia-based building materials and plastics manufacturer, expects its net profit to grow by 10 percent in 2015 from this year’s estimated IDR 280-290 billion (roughly USD $22.8 million). Net revenue is expected to grow 10-15 percent from an estimated IDR 1.60 trillion (USD $128 million) this year. The company conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) earlier this week in a move to finance further business expansion.
Indonesian property developer Poris Benteng Betawi may conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2015. Proceeds from the IPO would be used to finance a 20-hectare wide superblock project involving apartment and office towers, a school, hospital, mall and hotel in Tangerang (West Java). The property developer is currently still occupied with the land acquisition process for the project. Although this process has only been realized for 80 percent, groundbreaking of the project has already been held.
Blue Bird, Indonesia’s largest taxi operator, plans to conduct its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month. The company offers 531.4 million shares, or 20 percent of its enlarged capital, to the public. However, the company is yet to determine the share price for the IPO. Based on a statement released on Friday (03/10), Blue Bird holds an offering from 24 to 28 October 2014. The company’s shares are set to be listed on the IDX on 3 November 2014. Blue Bird will also hold roadshows in the US and the UK.
No business profiles with this tag
