By mid of 2020, thirty-three companies went public on Indonesia Stock Exchange. There is only one company that offers more than Rp1000 per share, while twenty-nine companies offer below Rp200. Here’s the summary of the top ten companies with the highest offers in the first half of 2020.

The highest IPO recorded was offered by Ashmore Asset (AMOR) at Rp.1900 per share, which is also the only company that offered more than Rp1.000. Ashmore is a specialist in investment management that successfully keeps rising its share value at the point Rp2.900 by the end of 2020.  

Diamond Food Indonesia (DMND) is next on the list at Rp915 per share, followed by Pratama Widya Tbk (PTPW) in Rp650. While Diamond showed a stable trend of their share value, Pratama Widya moved positively in 2020. By the end of 2020, their share values were Rp920 and Rp1.075, respectively.

The list continues with two more other companies that offered more than Rp200: Cashlez Worldwide (CASH) at Rp350 and Perintis Triniti Properti Tbk (TRIN) at Rp200 per share. Cashlez Worldwide seemed to move downward in 2020, reaching the point Rp460 in the 4Q 2020. At the same time, Perintis Triniti Properti fluctuated in the gradual downward trend, reaching the point Rp206.

Other notable companies on the list are Cipta Selera Murni (CSMI) Rp196, Lancartama Sejati (TAMA) Rp175, Bank Amar Indonesia (AMAR) Rp174, also Cahaya Bintang Medan (CBMF) and Indosterling Technomedia (TECH) shared the same position with Rp160 per share. These companies and the other 24 offered their share below Rp200 this first half of 2020. (KD)