Five New Listed Indonesian Companies Added to the Pefindo25 Index
Five listed Indonesian companies have been added to the Pefindo25 Index, an index compiled by Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia). Companies that are eligible to join the Pefindo25 Index are small and medium enterprises (SMEs) - listed on the Indonesia Stock Exchange (IDX) - that contain good fundamental performance and liquidity. The Pefindo25 Index consists of a total of 25 Indonesian companies and is reviewed and revised twice per year.
The five newly added companies are Asuransi Mitra Maparya, Saranacentral Bajatama, Catur Sentosa Adiprana, Nipress, and Panorama Sentrawisata. Meanwhile, the five companies that are replaced are Bisi International, Malindo Feedmill, Pan Brothers, Radiant Utama Interinsco, and Wismilak Inti Makmur. The revision of the composition is based on (audited) financial results of 2013 and the companies’ stock performance in full year 2014.The new composition will cover the period February to July 2015.
The following criteria were designed to assess whether a company is eligible to enter the Pefindo25 Index:
• The company’s assets cannot exceed IDR 5 trillion (USD $400 million)
• The return of equity (ROE) of the company is similar to the average of all companies in the Perfindo25 Index
• The company’s accounts have been fully audited
• High liquidity of the company's shares
In 2014, the Pefindo25 Index rose 35.87 percent, significantly higher than the benchmark Jakarta Composite Index (+22.29 percent) which contains all listed companies on the IDX.
Pefindo is an Indonesia-based private limited liability company, owned by almost 100 domestic institutional shareholders, including major pension funds, banks, insurers, the Indonesia Stock Exchange (IDX), and securities companies. Pefindo aims to provide independent and credible ratings on the credit risk of publicly listed companies at the IDX.
Pefindo25 Index (1 February - 31 July 2015)
| Company Code | Company Name |
| ACES | Ace Hardware Indonesia |
| ELSA | Elnusa |
| AMAG | Asuransi Multi Artha Guna |
| ARNA | Arwana Citramulia |
| BEST | Bekasi Fajar Industrial Estate |
| ASMI | Asuransi Mitra Maparya |
| RALS | Ramayana Lestari Sentosa |
| HEXA | Hexindo Adiperkasa |
| ISSP | Steel Pipe Industry of Indonesia |
| SIDO | Sido Muncul |
| LPCK | Lippo Cikarang |
| BAJA | Saranacentral Bajatama |
| MBSS | Mitrabahtera Segara Sejati |
| MDLN | Modernland Realty |
| MTDL | Metrodata Electronics |
| SMBR | Semen Baturaja |
| ROTI | Nippon Indosari Corpindo |
| CSAP | Catur Sentosa |
| SAME | Sarana Mediatama Metropolitan |
| SCMA | Surya Citra Media |
| TAXI | Express Transindo Utama |
| TELE | Tiphone Mobile Indonesia |
| TIFA | Tifa Finance |
| TOTL | Total Bangun Persada |
| NIPS | Nipress |
Source: Pefindo