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IDX remains confident ahead of poll
IDX president director Inarno Djajadi said the bourse was aiming to list 75 companies this year from initial public offerings (IPOs), bonds and collective investments. Of the total target, the IDX expects most of the newly listed companies this year will come from IPOs.
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A man observes a monitor screen at the Indonesia Stock Exchange (IDX) in Jakarta. (Courtesy of/PT Yelooo Integra Datanet (Passpod))
T
he Indonesia Stock Exchange (IDX) has booked solid growth, both in the number of listed companies and the number of investors, on the back of positive sentiment over the past year.
IDX president director Inarno Djajadi said the bourse was aiming to list 75 companies this year from initial public offerings (IPOs), bonds and collective investments.
Of the total target, the IDX expects most of the newly listed companies this year will come from IPOs.
“At the very least, we expect 75 companies will list their shares this year” IDX assessment director I Gede Nyoman Yetna Setia said during a media gathering in Jakarta.
In 2018, the IDX recorded its highest number of IPOs since its privatization in 1992 with 57 companies listing, ranging from film and TV production firm PT MD Pictures to consumer goods companies such as pharmaceutical firm PT Phapros and food producer PT Garudafood Putra Putri Jaya.
Although the bourse already has 14 companies in its IPO pipeline, the IDX still has some work to do to attain its own target because the bourse had only listed seven companies as of Monday. The latest company to go public was consumer goods company PT Wahana Interfood Nusa.
Nyoman said the bourse had prepared several plans to increase the number of companies listed on the bourse this year.
