Post on 03-Jul-2020
transcript
Keynote Address
Capital Market Update and
IDX Initiatives
Hasan FawziDirector of Business Development
Indonesia Stock Exchange
Location: Sumba Island, East Nusa Tenggara, Indonesia
Source: https://says.com/
USD 1.04 Tn GDP Nominal1
267 Mn
Population2
659Equity Issuers4
2.3 million+
Investors5
Massive Economy Impressive Outlook Prospective Capital Market
USD3.24 T
USD5.42 T
USD10.50 T
2018 2030 2050
Replacing
Germany,
surpassing
Rusia and Brazil
Replacing
Japan
#16
#5
#4
Indonesia’s economy rank
(GDP to PPP)3
• This number is relatively smaller
than the total potential listed
companies in Indonesia:
• ±120 SOEs, ±750 subsidiaries
• ±26 millions SMEs
• ±104,000 ltd./inc as bank-loan
receivers
• The 2nd lowest among ASEAN-5
countries
• Significantly lower than number
of bank saving account (±90
million accounts)
• Less than 1% of population
(relatively low among ASEAN
countries);
in ASEAN
1st
in Asia Approximately
equivalent to three
ASEAN countries
6th
in ASEAN
1st
in Asia
3rd
1 CEIC (2018)2 BPS Projection (2019)3PwC analysis for projections to 2050
4Indonesia Stock Exchange latest data, Credit Burau, Bank Indonesia (Dec 2015), Ministry of SOE (2015), Economic Census (2016)5Indonesia Stock Exchange (2019), World Bank Global Findex (2017)
Best of Indonesia
2
Working age
(15-64 years):
±183,36 mn
Indonesia’s Capital Market at Glance
Stocks
659 listed companies
Rp7.138 t market capitalization
Number of
productOutstanding
REIT (Real Estate Investment
Trust)3 Rp16,0 t
ETF (Exchange Traded Fund) 35 Rp13,9 t
ABS (Asset Backed
Securities), series14 Rp8,7 t
DINFRA (Dana Investasi
Infrastruktur)1 Rp1,0 t
Futures, contract 9 n/a
Main Product
Structured Product and
Derivative
Bonds
119issuer
Rp440 t corporate bonds outstanding
Rp2.699 tgovernment bonds outstanding
3
As of October 2019
DINFRA as new source of fund for infrastructure development.
KIK-DINFRA MJPT001 is the first listed Dana Investasi Infrastruktur
(DINFRA) / Infrastructure Fund issued by PT Mandiri Manajer
Investasi
DINFRA launched with collective investment scheme (KIK) and
should have infrastructure-based asset at least 51% in the portfolio.
Product Name : KIK-DINFRA MJPT001
Listing Date : 15 April 2019
Investment Value : IDR 1.5 trillion
Investment Manager : PT Mandiri Manajer Investasi
Focused Infra Project : Pandaan Tol Road, owned by Jasa Marga
4
IDX and Capital Market Initiatives
Supply
Demand
Attracting New Listed Companies through Acceleration Board for SME companies
and OJK-IDX System Integration for Listing Document and Reporting.
New Product as a new way of investing and fund raising;
DIRE, DINFRA, Green Bonds, New ETFs, Structured Warrant,
Index Futures (Stock & Bonds) and Single Stock Futures.
Simplification of Account Opening,
from 1-7 days to less than 30 minutes.
Expanding participation through Digitalization with e-IPO, e-Proxy, e-Voting.
Increasing Disclosure & Investor Protection with bilingual disclosure for listed
companies, special notation, and sustainabilty report.
Intermediaries
1. Regional Securities
Company
2. T+3 to T+2 settlement
cycle
3. Securities Lending &
Borrowing
4. Tri-Party Repo
5. Securities Financing
6. ETP for Bond Trading
System
7. Sustainable Stock
Exchange
5
Indonesia is leading in number of IPO among ASEAN countries
57
2220
13
15
Indonesia Malaysia Thailand Singapore Philippines Vietnam
42
22
15
11
30
Indonesia Malaysia Thailand Singapore Philippines Vietnam
2018
Q1Q3
2019
Source: EY Global IPO Trend Q4 2018
Source: EY Global IPO Trend Q3 20196
Rapid Growth of Investors
894
1,123
1,619
2,220
281 321 364
434 536
630
852
1,035
2012 2013 2014 2015 2016 2017 2018 30-Sep-19
44%
26%
106%
19%14%14%
(in thousand investor)
S-INVEST + C-BEST
Integration
37%
Stock Only Account
Stock + Mutual Fund + Bond Account
7
Local Investors Portion Increases, becoming Less Sensitives with Foreign
Source: IDX, Custodian House (KSEI)
64.49% 63.79%54.49% 51.30% 52.17% 50.84%
35.51% 36.21%45.51% 48.70% 47.83% 49.16%
2014 2015 2016 2017 2018 Oct-19
Domestic
Foreign
40.58% 43.21% 36.77% 36.63% 36.97% 31.44%
59.42% 56.79% 63.23% 63.37% 63.03% 68.56%
2014 2015 2016 2017 2018 Jan-Oct '19
Domestic
Foreign
Ownership
Trading Activity
8
Daily trading activities reach the all time high
9
Average Daily Trading Volumemillion shares
Average Daily Number of Tradestimes
Average Daily Trading TurnoverIDR billion
Source: IDX
As of October 2019
4,284 5,503 5,484 5,928
7,827
11,953 10,568
15,103
2012 2013 2014 2015 2016 2017 2018 2019
+13.77% p.a
4,537
6,238 6,006 5,764
7,498 7,603 8,500
9,368
2012 2013 2014 2015 2016 2017 2018 2019
+9.38% p.a
121,712 153,686
212,635 221,583 264,127
312,485
386,804
462,966
2012 2013 2014 2015 2016 2017 2018 2019
+17.96% p.a
Key Takeaways
We would like to invite all of the audience here to
remain bullish in today’s global economic turmoil
and have confidence with Indonesian capital
market.
New various capital market products have been
launched and we will launch numbers of
innovative products to meet your needs for
source of financing and investment.
10
Thank you!
DISCLAIMER
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be relied upon as being those of the publisher or of the institutions for which the contributing authors work. Although every care has
been taken to ensure the accuracy of the information contained within the publication, it should not be by any person relied upon as
the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible
in anyway for any advice, action taken or decision made on the basis of the facts and opinions stated or expressed or stated within
this publication
Lebih Baik! Sehari Lebih Cepat,Selangkah Lebih Efisien