For the first time since 2008 the Organization of Petroleum Exporting Countries (OPEC) agreed to cut crude oil output on Wednesday (30/11) with especially Saudi Arabia ready to accept a big cut in national oil production. "Unlimited" crude oil production led to the supply glut that gave rise to persistently low oil prices and deflationary pressures. Asian stocks climbed on the back of this oil production cut. In early Asian trading on Thursday (01/12), gainers were led by mining, oil and coal producers.

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Indonesian stocks continued to decline on Tuesday (15/11), for the third consecutive day. After a promising start - Indonesia's Jakarta Composite Index (IHSG) rose about 1 percent in today's first trading session - the index finished the day down 0.73 percent to 5,078.50 points. Key matters that cause this selloff are the US dollar approaching a 14-year high as well as expectation of rising inflation in the USA now Donald Trump has been elected next US president. This cocktail gives rise to capital outflows from emerging markets to the USA.

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Donald Trump becoming US president causes investors to re-evaluate emerging market assets, and Indonesia is among the biggest victims. Trump is eager to make the USA "great again", partly by using the protectionist approach. Considering Trump may be supported by the Republican-controlled US Congress, investors see a real chance for realization of Trump's plans (which include infrastructure development, tax cuts, as well as the exiting of free trade and environment deals). This has a big impact on emerging markets.

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Asian stocks are under heavy pressure on Wednesday (02/11) as the latest polls in the USA are suggesting that the US presidential race between market favorite Hillary Clinton and controversial candidate Donald Trump is closer than initially expected. Narrowing polls cause concern about future US economic policy after the election on 8 November 2016. Earlier, Trump expressed criticism on the Federal Reserve, claiming that the US central bank is engaged in politics by maintaining the loose monetary policy.

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Indonesian property and real estate developer Lamicitra Nusantara announced its plan to delist from the Indonesia Stock Exchange (IDX). Another listed company will also voluntarily delist from the IDX. However, Samsul Hidayat, Director of Corporate Listing at the IDX, refrained from naming this company. He did confirm that two companies - including Lamicitra Nusantara - have visited the IDX to discuss the delisting.

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The Indonesia Stock Exchange (IDX) targets to see a total of 35 initial public offerings (IPOs) in 2017. To achieve this target the IDX will raise efforts to encourage Indonesian companies to go public. Besides these IPOs, the IDX also targets to see 60 companies to conduct a rights issue next year. These targets were announced by IDX Director Tito Sulistio after the extraordinary general meeting on Thursday (20/10). So far in 2016, only 12 companies went public in Indonesia. This poor score is the result of high uncertainty on the global financial markets.

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Indonesian assets are leading declines in Asia on Wednesday's trading day (05/10) as (global) markets are digesting the latest reports that the European Central Bank (ECB) may withdraw its bond buying program, while statements from US Federal Reserve officials strengthened the case for a Fed Funds Rate hike before the year-end. Lastly, the International Monetary Fund (IMF) cut its forecast for US economic growth in 2016 to 1.6 percent (y/y) from its earlier estimate of 2.2 percent (y/y).

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The Indonesia Stock Exchange (IDX) ranked state-controlled mining company Aneka Tambang (or, Antam) as "the IDX Best Blue 2016". This ranking determines the best performing companies - listed on the IDX - in the period September 2015 to August 2016 based on matters including fundamental analyses, IDX monitoring, investor confidence, and active trading. Antam will have a template hanging on the walls of all IDX branches across Indonesia, a move that should encourage other listed companies to enhance their corporate performance.

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Indonesian assets performed very well on Monday (03/10). Indonesia's benchmark Jakarta Composite Index surged 1.85 percent to 5,463.92 points, while the Indonesian rupiah appreciated 0.46 percent to IDR 12,983 per US dollar (Bloomberg Dollar Index). Overall, assets are improving worldwide due to easing concerns about the Deutsche Bank case, stabilizing oil prices, and China's stabilizing manufacturing activity. Indonesian assets, however, performed best supported by the government's successful tax amnesty program.

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The Indonesia Stock Exchange (IDX) encourages those companies listed in Indonesia to list their shares on other exchanges as well, particularly the New York Stock Exchange (NYSE). Through such dual listings Indonesian companies can manage to attract more global attention and investors. IDX President Director Tito Sulistio said the IDX has sent 100 invitations to locally-listed companies to visit the NYSE in order to learn more about the possibility to engage in a dual listing.

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While the benchmark stock indices in the United States, China and Japan all showed steep declines in 2022, Indonesia’s benchmark stock index (IDX Composite or IHSG) managed to rise 4.09 percent to 6,850.62 points last year.

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Indonesia’s benchmark stock index (Jakarta Composite Index, or IHSG) grew 10.08 percent in full-year 2021, a good performance after a volatile and highly uncertain 2020 when the COVID-19 crisis emerged. At around 6,580 points on the first trading day of 2022, the index remains at near-record high territory (with the record being set recently, in mid-November 2021, at around 6,750 points).

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Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.

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Earnings season has arrived again! Here Indonesia Investments presents a selection of full-year 2017 corporate earnings reports 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.

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The year 2017 already finished for equity investors and therefore we can take a look back at the performance of Indonesia's benchmark Jakarta Composite Index over the past 12 months. Indonesian stocks, generally, had a good year, with the benchmark index rising 19.99 percent to close 2017 at 6,355.65 points, a new all-time record high.

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After touching a new all-time record high level last week, analysts are optimistic that Indonesia's benchmark Jakarta Composite Index will surpass the psychological level of 6,000.00 points later this year. Last Friday (25/08) the benchmark index of Indonesia reached 5,915.36 points, a new record, while market capitalization touched IDR 6,481.8 trillion (approx. USD $483.9 billion).

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While the Jakarta Composite Index has been touching record high levels recently, there emerged a new leader on the Indonesia Stock Exchange. Indonesia's largest telecommunication and network provider Telekomunikasi Indonesia (Telkom) is now the largest company in Indonesia in terms of market capitalization on the Indonesia Stock Exchange. It replaced tobacco manufacturer HM Sampoerna that fell to third position.

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Here Indonesia Investments presents a selection of corporate earnings reports over full-year 2016 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 below display both net profit (or loss) and revenues, together with year-on-year (yoy) growth.

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In order to make an initial public offering (IPO) in Indonesia more attractive the Indonesia Stock Exchange is advised to make this corporate move less expensive for companies. Also the annual listing fee as well as the deposit that needs to be paid to the Financial Services Authority (OJK) need to be revised in order to encourage more local companies to conduct an IPO in Indonesia. Although being Southeast Asia's largest economy, the number of listed companies in Indonesia is far below the number of listed companies in Singapore, Thailand and Malaysia.

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Indonesia's benchmark Jakarta Composite Index experienced another tough day on Monday (14/11). After Indonesian stocks plunged 4.01 percent on Friday, stocks fell another 2.2 percent today. Not only Indonesia, but most Asian markets are hit by the selloff, particularly the emerging markets of Southeast Asia. Investors are re-evaluating their emerging market assets now Donald Trump has been elected the next US president (and who can rely on a Republican-controlled US Congress). To make matters worse, current uncertainty is expected to persist in the next couple of months.

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