Home Investor Corner 16 Indonesian Companies Ready to Conduct IPO on 2Q of 2019

16 Indonesian Companies Ready to Conduct IPO on 2Q of 2019

Director of IDX I Gede Nyoman Yetna told reporters on the local bourse program (12/26)- Photo: Privacy
JAKARTA (TheInsiderStories) – Indonesia Stock Exchange (IDX) claimed that there are 16 companies ready to register their shares in the second quarter (2Q) of 2019, while in the first quarter (1Q) there were seven companies listed.
Director of Corporate Valuation in IDX IGD Nyoman Yetna Setya said the 16 companies come from various sectors. Six companies involved in trade areas, services and investment sectors.
In addition, five companies are in property, real estate and building construction sectors. Furthermore, two companies are the infrastructure, utilities and transportation company, a financial company and a basic industry and chemical company.
The majority of prospective listed companies or 12 companies use the financial report book as of Dec. 31, 2018 for this IPO. While, others use the book of Oct 31, 2018 and Sept. 30, 2018.
During the last 2018, the number of new companies conducting the initial public offering in the capital market reached 57 companies with four companies in the 1Q of 2018.
The four companies are PT LCK Global Kedaton Tbk (IDX: LCKM), PT Borneo Olah Sarana Sukses Tbk (IDX: BOSS), PT Jaya Trishindo Tbk (IDX: HELI), and PT Sky Energy Indonesia Tbk (IDX: JSKY). The rest of 53 companies realized their IPO in the next three quarters.
Whereas in the 1Q of 2019,  the bourse recorded seven new companies that were successfully listed earlier this year. The seven new listed companies are PT Sentra Food Indonesia Tbk (IDX: FOOD), PT Pollux Investasi Internasional Tbk (IDX: POLI), PT Estika Tata Tiara Tbk (IDX: BEEF), PT Nusantara Properti Internasional Tbk (IDX: NATO), PT Citra Putra Realty Tbk (IDX: CLAY), PT Armada Berjaya Trans Tbk (IDX: JAYA), and PT Wahana Interfood Nusantara Tbk (IDX: COCO).
Furthermore, in 2019 the capital market authority targets the number of new listed companies to reach between 75 and 100 issuers. This is the highest target ever set by capital market authorities, after last year managed to reach a record with 57 new listed companies.
Nyoman said, to achieve that target, many activities were initiated by the IDX along with the relevant stakeholders.  IDX will conduct many go to public workshops this year in various cities in Indonesia.
The IDX also cooperates with many parties to carry out capital market literacy, including sectoral corporate associations, banks with their debtors, and other strategic institutions.
Written by Staff Editor, Email: theinsiderstories@gmail.com

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