OJK: 7 New IPOs Expected on Indonesia Stock Exchange in First Half 2014
Indonesia’s Financial Services Authority (OJK) announced that it is studying the requests of seven Indonesian companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in the first semester (January-June) of 2014. If the OJK grants permission to these requests, it means that 17 companies will have conducted an IPO on the Indonesia Stock Exchange (IDX) in the first half of 2014. In total, 30 new company listings are expected on the IDX in 2014.
IDX Director of Company Assessment Hoesen expects that the target of 30 IPOs in 2014 will be achieved. In fact, due to investors’ appetite for Indonesian stocks - evidenced by the fact that recent IPOs on the IDX are always oversubscribed - Hoesen believes that the final outcome should exceed the target of 30 new IPOs.
Expected IPOs on IDX in the First Half of 2014:
Company |
Sector |
Blue Bird | Transportation |
Dwi Aneka Jaya Kemasindo | Packaging |
Link Net | Information Technology |
Magna Finance | Finance |
Chitose International Manufacturing | Clothing |
Batavia Prosperindo Internasional | Business Consulting |
Sitara Propertindo | Real Estate |
Source: Investor Daily
A further two companies are expected to conduct a rights issue. These two companies are Pusako Tarinka and Bank QNB Kesawan. The former will release 1.27 billion new shares (IDR 500 per share), while the latter will issue 2.59 billion new shares (42.2 percent of the company’s enlarged capital) with a price tag of IDR 250 per share.
Listed companies that will sell bonds this year are Bank UOB Indonesia, Indonesia Eximbank, Sarana Multi Infrastruktur, Bank Himpunan Saudara, WOM Finance, Express Transindo Utama, Sumber Alfaria Trijaya, Indofood Sukses Makmur, Bank Internasional Indonesia, and Adira Dinamika Multifinance.
Last Update: 29 Mar 2021
IPOs on IDX up to end-April 2014
Company | P: 29 Mar 2021 | P: 28 Mar 2021 | Gain/Loss | P/E ttm | Yield % | Gain/Loss YTD |
Bank Panin SyariahPNBS | 83 | 82 | 1.22% | N/A | 0.00% | -4.60% |
Asuransi Mitra Maparya Tbk.ASMI | 925 | 930 | -0.54% | N/A | 0.00% | -6.57% |
Bank Ina Perdana Tbk.BINA | 1,560 | 1,550 | 0.65% | N/A | 0.00% | 64.21% |
Capitol Nusantara Indonesia Tbk.CANI | 186 | 186 | 0.00% | N/A | 0.00% | 22.37% |
Tunas Alfin Tbk.TALF | 310 | 258 | 20.16% | N/A | 0.00% | 13.97% |
Bali Towerindo Sentra Tbk.BALI | 700 | 690 | 1.45% | N/A | 0.00% | -6.04% |
Wijaya Karya BetonWTON | 334 | 344 | -2.91% | N/A | 0.00% | -20.85% |
Graha Layar PrimaBLTZ | 4,600 | 4,650 | -1.08% | N/A | 0.00% | 53.85% |
Intermedia Capital Tbk.MDIA | 63 | 66 | -4.55% | N/A | 0.00% | 3.28% |
Eka Sari Lorena TransportLRNA | 180 | 185 | -2.70% | N/A | 0.00% | 1.69% |
Combined Total | 8,941 | 8,941 | 0.00% | 30.60% |
Green colour indicates upward movement
Red colour indicates downward movement
P = price; E = earnings; D = dividend; Yield = D/P
"N/A" indicates P/E < 0 (negative earnings)
"-" indicates E,D,P or YTD is not available