JAKARTA (TheInsiderStories) – Indonesia Stock Exchange (IDX) reported there are 15 companies ready to list their shares in the second semester of 2020. The potential issuers come from various sectors like property, real estate, and construction sectors.
“In the capital market, of course, there will be many new issuers, and to date, several issuers are in the pipeline,” said chairman of Financial Services Authority (FSA), Wimboh Santoso on August 4.
He noted, the Indonesian capital market touched its lowest point in March 2020 due to the pandemic and is still moving volatile to this day, which is influenced by various sentiments. But, with the various policies taken by the government, he optimistic the condition will recovers in the second semester of this year.
Until July 28, Santoso reported, about 28 companies has listed it shares at IDX with total amount of R3.28 trillion (US$226.21 million), limited public offerings Rp9.52 trillion, sustainable public offering Rp12.79 trillion, and second bond issuances and other worth of Rp 28.85 trillion.
In July 2019, total number of public offerings was 94 entities with a value of Rp109.18 trillion, while in July of this year the numbers was dropped to 73 issuers with total funds Rp54.13 trillion. In 2020, the regulator set an emissions targets Rp200 trillion in the local bourse and 70 issuer become a listed company in 2020 from previous year Rp161 trillion and 60 firms listed at the IDX.
He asserted, the government will facilitates the licensing of companies going to initial public offering and also to get the projects so the financing needs of the capital market also increase. While, IDX conducted an alternative market operator, new product, and new stock exchange service.
As an initial step, the self regulatory office, will develop new ETP platform for bond trading. Then, derivative products, including structured warrants, index futures, single stock future and optimization of ETF trading. The development of new services is carried out through the development of an electronic public offering system (e-IPO), the development of Securities Lending and Borrowing, the development of new industry classifications, enhancing trading system technology and increasing efficiency of developing trading systems.
Beside, the bourse also continues to support the strengthening of the investor. To support the number of new investor at the bourse, IDX developed SLX services with the Indonesian Clearing and Guarantee Corporation, developed securities funding for investors through Indonesian Securities Funding, and expanded members’ business expansion through regional securities companies.
Since February, the FSA has issued various stimulus policies in the banking sector, capital market and non-bank financial industry which is expected to be help the industries counter the coronavirus impact. so that it can encourage the optimization of the performance of the financial services industry in particular intermediation function, maintain financial system stability, and support economic growth.
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