Indonesia Stock Exchange: Initial Public Offering Bank Harda Internasional
On Wednesday (12/08), Bank Harda Internasional became the 12th company to list on the Indonesia Stock Exchange (IDX) in 2015. The bank released 800 million shares to the public at a price of IDR 125 (USD $0.01) per share hence raising IDR 100 billion (USD $7.2 million) through the initial public offering (IPO). Despite harsh conditions - the benchmark Jakarta Composite Index fell 2.66 percent during the first trading session on Wednesday - shares of Bank Harda Internasional (with IDX code BBHI) rose 3.2 percent to IDR 129.
Proceeds from the IPO will be used to strengthen the structure of the company’s long-term financing, for further business development, and for credit expansion (to be carried out in the second half of this year).
In 2015, Bank Harda Internasional’s net interest income rose 11.1 percent to IDR 81.7 billion from 2014. Its net profit climbed 8.6 percent to 12.4 billion over the same period.
There are currently 517 companies listed on the Indonesia Stock Exchange. Recently, IDX President Director Tito Sulistio said stock transactions on the IDX are targeted to increase to IDR 15 trillion per day over the next two or three years from about IDR 5.5 trillion currently (far behind transactions on stock exchanges in regional peers such as Thailand and China).
Last Update: 29 Mar 2021
IPOs on the Indonesia Stock Exchange up to 12 August 2015
| Company | P: 29 Mar 2021 | P: 28 Mar 2021 | Gain/Loss | P/E ttm | Yield % | Gain/Loss YTD |
| Bank Yudha BhaktiBBYB | 498 | 494 | 0.81% | N/A | 0.00% | 40.68% |
| Mitra Keluarga KaryasehatMIKA | 2,720 | 2,750 | -1.09% | N/A | 0.00% | 4.62% |
| Mitra Energi PersadaKOPI | 565 | 565 | 0.00% | N/A | 0.00% | 13.00% |
| PP Properti Tbk.PPRO | 75 | 77 | -2.60% | N/A | 0.00% | -19.35% |
| Puradelta LestariDMAS | 232 | 238 | -2.52% | N/A | 0.00% | 0.87% |
| Mega Manunggal PropertyMMLP | 358 | 376 | -4.79% | N/A | 0.00% | 24.31% |
| Merdeka Copper GoldMDKA | 2,300 | 2,330 | -1.29% | N/A | 0.00% | -2.13% |
| Bukaka Teknik Utama Tbk.BUKK | 880 | 870 | 1.15% | N/A | 0.00% | -11.11% |
| Garuda Metalindo Tbk.BOLT | 715 | 710 | 0.70% | N/A | 0.00% | -10.63% |
| Anabatic Technologies Tbk.ATIC | 705 | 665 | 6.02% | N/A | 0.00% | -17.06% |
| Binakarya Jaya Abadi Tbk.BIKA | 163 | 175 | -6.86% | N/A | 0.00% | -17.26% |
| Bank Harda Internasional Tbk.BBHI | 1,285 | 1,380 | -6.88% | N/A | 0.00% | 33.16% |
| Combined Total | 10,496 | 10,630 | -1.26% | 2.73% |
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