JAKARTA (TheInsiderStories) – Indonesian Stock Exchange (IDX) is targeting 76 companies will offer various instruments in 2020, the official told media on Thursday (10/24). While the daily transaction value is targeted at Rp9.5 trillion (US$678.57 million) in 2020 from last year Rp9.25 trillion, based on market development programs by capital market players.
The president director, Inarno Djajadi explained, the instrument consist of share, corporate bond, asset-backed securities, exchange-traded fund, real estate investment trust and infrastructure investment fund.
He asserted, in 2020, IDX will conduct an alternative market operator, 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, Djajadi said, 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.
IDX projects total revenue in 2020 will be at Rp1.18 trillion, an increase of 1.71 percent compared to this year target Rp1.16 trillion. While the net profit will be at Rp101.36 billion and asset are projected to be Rp3 trillion.
Next year, IDX optimistic 60 companies will conduct an initial public offering (IPO), higher than this year target, to list 57 companies during 2019.
In 2018, as many as 58 companies have listing with fund raising of Rp16.42 trillion. For this year, said director at IDX, IGD Nyoman Yetna, there are 22 companies will hold IPO from recently 38 companies had listed their shares at the local bourse.
He said, the regulator will continue to explore potential companies to raise funds through the stock market. Until 2022, IDX is optimistic that they will pursue 1,000 new listed companies..
Djajadi believed, with the current number of 649 issuers, the target can be pursued if the bourse is able to capture at least 100 issuers per year. This number is not only IPO, but include mutual funds exchange traded fund, Real Estate Investment Funds, and infrastructure investment funds in the form of collective investment contracts.
Recently, chairman of Financial Service Authority (FSA), Wimboh Santoso, stated that the agency targeting the direct investment go to Indonesian financial market could reached Rp190 trillion in this year. Until today, total funds enter the domestic market worth of Rp130 trillion.
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