Initial Public Offering (IPO) Blue Bird on Indonesia Stock Exchange

Blue Bird is the market leader in Indonesia's taxi services market. To date, only one Indonesian taxi firm has listed its stocks on the IDX i.e. Express Transindo Utama, Blue Bird's main competitor for market leadership in the taxi industry. In November 2012 Express conducted a successful IPO raising about USD $60 million. The marketing for Blue Bird’s IPO will run until the end of next week and the bookbuilding process is expected to start the week after. The company appointed Credit Suisse, Danareksa and UBS as coordinators and bookrunners.

If these five IPOs will be realized before the year-end, it means that 23 new companies will have listed on the IDX in 2014. However, at the start of the year, the IDX set a target of adding 30 Indonesian companies to the stock exchange. Several factors contributed to the (possible) failure to achieve the target: Indonesia’s legislative and presidential elections (including a controversial Constitutional Court case) that caused political uncertainty, the tighter monetary policy of Indonesia’s central bank (with its key interest rate at 7.50 percent since November 2013) as well as international uncertainty due to the winding down of the Federal Reserve's bond-buying program and looming end of the low US interest rate environment (which is expected to lead to capital outflows from emerging economies including Indonesia once these interest rates are raised).

Currently, there are 501 Indonesian companies listed on the IDX. This figure is low compared to the number of listed companies on the stock exchanges of Malaysia (906 companies) and Singapore (771 listed companies).

In 2014 so far, there have been 18 companies that have conducted an IPO on the Indonesia Stock Exchange:

Last Update: 29 Mar 2021

IPOs on the Indonesia Stock Exchange in 2014 up to 19 September

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%
Sitara Propertindo Tbk.TARA	50	50	0.00%	N/A	0.00%	0.00%
Bank Dinar Indonesia Tbk.DNAR	196	210	-6.67%	N/A	0.00%	6.52%
Combined Total	22,825	22,795	0.13%			6.89%

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

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