Noted that there are still 6 issuers that are going to carry out IPO until end of the year. After PT Aneka Gas Industri Tbk and PT Paramita Bangun Persada Tbk officially register their initial stock on Wednesday (28/9/2016) at stock market, now PT Prodia Widyahusada, PT Anugerah Berkah Madani, PT Megapower Makmur, PT Mayapada Properti Indonesia, Forzaland, and Malang-based Honda dealer will follow.
Moreover, two of them had just held a mini expose in the bourse last week. They are property company, Forza Land, and car dealer, Honda, which based in Malang, East Java with stock offer of 20% to the public.
PT Megapower Makmur be one of the prospective following the onslaught of government programs on the provision of electricity. Head of Research David Sutyanto of First Asia Capital said, “we know the government has a program to provide electricity up to 35 thousand MW. The program also provides an opportunity for the Independent Power Producer (IPP) aka private company.
He added, the power plant business is in the process of improving. Investors are usually interested in buying sunrise industry stocks.
BEI reported that 12 issuers have done IPO and officially reported initial stock in Indonesia Stock Exchange (BEI) in 2016, they are PT Bank Artos Indonesia Tbk, PT Mitra Pemuda Tbk, PT Mahaka Radio Integra Tbk, PT Bank Ganesha Tbk, PT Cikarang Lostrindo Tbk.
In addition, PT Sillo Maritime Perdana, Duta Inti Daya Inc, PT Graha Andrasenta Propertindo Tbk, PT Capital Financial Indonesia Tbk, PT Protech Mitra Perkasa Tbk, PT Capital Financial Indonesia Tbk, and PT Waskita Beton Precast Tbk also have done IPO before fourth quarter of this year.
“Total of 20 companies have already done IPO by this far”, said Samsul Hidayat, Director of Company Valuation of Indonesia Stock Exchange