OJK: 63 public offerings in seven months worth $7.7b

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JAKARTA (TheInsiderStories)  – Indonesia Financial Services Authority (OJK) reported that in the period of January to August 8, there have been 63 public offerings worth Rp100.95 trillion (US$7.71 billion), comprising of 9 IPOs worth Rp4,30 trillion, 16 rights issues worth Rp38.96 trillion, seven bonds and Sukuk issuances valued at Rp6.94 trillion, 15 sustainable bonds issues or Sukuk worth Rp21.48 trillion and 16 sustainable public offerings worth Rp29.27 trillion.

Chief Executive of Financial Service Authority for Capital Market Nurhaida said, there are 5 IPOs, 5 rights issues,5 bond and Sukuk issuances in the pipeline with total value of Rp15.11 trillon. CEO of Indonesia Stock Exchange Tito Sulistyo added that the bourse is still optimistic that there will be 35 companies to launch IPOs this year.

The Jakarta Composite Index (JCI) per August 9, rose to 5,440.29 points, the second highest stock increase in the world this year, after Thailand which recorded year-to-date gains of 20.20 percent. The average transaction value also rose 29.82 percent (year-to-date).

PT Kustodian Sentral Efek Indonesia (KSEI) recorded a number of operational improvement pertaining to investor development for period of January-July 2016.  Slowly but sure, the number of single investor identification (SID), Sub-accounts, and logins to AKSes facility have experienced an increase.

According to CEO of KSEI Frederica Widyasari, until the end of last July, the number of SID in the Indonesian Capital Market is up by 26 percent from 388,960 to 491,116.  Meanwhile, the number of SRE is up by 25 percent to 618,251 from 494,425 on the same period last year.

Majority of investors in the Indonesian Capital Investor are domestic individual investors, with 475,112 investors or 97 percent from the total number of investors.  The number of domestic individual investors is up by 27 percent compared to the end of July last year, which is only 373,830 investors.  “The increase signals an increase of society’s trust to perform transactions in the Indonesian Capital Market,” said Nina.

However, compared to ownership stake, the total asset recorded at C-Best per July 29 2016, is still dominated by foreign investors with an ownership stake percentage of 64 percent or worth Rp 1,757.71 trillion.  Meanwhile, domestic investors only share 36 percent with a total asset of Rp 989.82 trillion. (*)

 

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Source: The Insiderstories
OJK: 63 public offerings in seven months worth .7b

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