Number of Listed Companies on IDX Exceeds Target

50 companies have been listed on the Indonesia Stock Exchange (IDX) during 2018. This number exceeded the bourse’s target as many as 35 companies and was the highest number since the privatization of the stock exchange authority in 1992. While there are 14 potential companies in the IDX’ listing pipeline.

For next year, IDX sets the target as many as 35 companies are going to list its shares on IDX, a flat target inline with next year macro-assumption. The bourse also has been anticipating political influence for the markets in 2019. IDX targets 2019’s daily stocks transaction for Rp9 trillion. Recently, there are more than 800.000 investors registered on IDX.

IDX also eyes Rp1,13 trillion’s revenues in 2019, an increase by 11.67% from this year’s target. The 2019’s net profit is estimated at Rp136.62 billion.