Five Companies List (IPO) on the Indonesia Stock Exchange this Week
As all spotlights this week were - and still are - focused on the 2014 Indonesian presidential election, it almost passed unnoticeably that five Indonesian companies will be listed on the Indonesia Stock Exchange (IDX) this week. If all these listings will go according to schedule, then the number of initial public offerings (IPOs) in 2014 will increase to 18 by the end of the week. The five companies are: Batavia Prosperindo Internasional, Magna Finance, Mitrabara Adiperdana, Bank Dinar Indonesia, and Sitara Propertindo.
Magna Finance
On Monday (07/07), Magna Finance, an Indonesian automotive financing firm, raised IDR 73.5 billion (USD $6.3 million) by selling 700 million shares, or a 70 percent stake, in an IPO last week. Proceeds from the IPO will be used to finance business expansion in automotive loans. On its first trading day, shares of the company rose 47.6 percent.
Stock Quote Magna Finance:
Batavia Prosperindo Internasional
On Tuesday (08/07), shares of Batavia Prosperindo Internasional, an Indonesian business and management consultancy services firm, rose 10 percent on its trading debut. The company released 150 million shares, or 29.18 percent of its enlarged capital, raising IDR 75 billion (USD $6.5 million). Half of the proceeds will be used to open two new offices in 2014 as well as to finance business expansion of its unit Batavia Prosperindo Asset Management (BPAM). The other half belongs to shareholder Malacca Trust Limited.
Batavia Prosperindo Internasional targets net profit of IDR 28 billion (USD $2.4 million) in 2014, a 14 percent decline from IDR 32.7 billion last year, as it sold two subsidiaries.
Stock Quote Batavia Prosperindo Internasional:
Mitrabara Adiperdana
Today (10/07), Indonesian coal miner Mitrabara Adiperdana, a unit of coal mining group Baramulti, had a successful listing on the Indonesia Stock Exchange (IDX). Despite the sluggish coal market, shares of the company rose 1.2 percent on its debut. The coal miner sold 245 million shares, or 20 percent of its enlarged capital. The IPO was oversubscribed 3.67 times. Mitrabara will use about 58 percent of the funds obtained through the IPO to increase paid-up capital. About 35 percent will be used for working capital, while the remainder will be used for capital expenditure.
Stock Quote Mitrabara Adiperdana:
On Friday, two more companies - Bank Dinar Indonesia and Sitara Propertindo - will be listed on the IDX. Bank Dinar hopes to raise IDR 55 billion (USD $4.6 million) by offering 500 million new shares, or 22.22 percent of its enlarged capital, to the public. Approximately 75 percent of the proceeds will be used for credit disbursement expansion, while the remainder will be used to finance the establishment of nine new offices.
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange in 2014 up to 10 July
| 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% |
| Link NetLINK | 3,240 | 3,200 | 1.25% | N/A | 0.00% | 25.10% |
| Chitose InternasionalCINT | 238 | 244 | -2.46% | N/A | 0.00% | -6.30% |
| Magna Finance Tbk.MGNA | 50 | 50 | 0.00% | N/A | 0.00% | 0.00% |
| Batavia Prosperindo Internasional Tbk.BPII | 7,300 | 7,300 | 0.00% | N/A | 0.00% | -15.12% |
| Mitrabara AdiperdanaMBAP | 2,810 | 2,800 | 0.36% | N/A | 0.00% | 1.08% |
| Combined Total | 22,579 | 22,535 | 0.20% | 6.91% |
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