The Indonesia Stock Exchange (IDX) returned for the arrival of three new residents on Friday (8/7). The three companies that officially listed their shares on the Exchange today are PT Cerestar Indonesia Tbk. (TRGU), PT Chemstar Indonesia Tbk. (CHEM) and PT Arkora Hydro Tbk. (ARKO). Retail Investors are Increasingly Playing a Role in the Indonesian Capital Market. I Gede Nyoman Yetna, Director of Assessment of the Indonesia Stock Exchange, said that the three companies will become the 23rd, 24th and 25th listed companies on the Exchange in 2022, respectively. With these three companies listed on the Stock Exchange, the total number of issuers currently listed on the Stock Exchange is 791 companies.
Yetna said that listing shares on the Stock Exchange is the first step for the Company to move up class, grow to be bigger. "Our motto is, don't wait big to go public, but be big by going public," said Yetna.
PT Cerestar Indonesia Tbk. established on August 10, 2020, is a company engaged in the production of wheat processed products. The Company is a holding company that has two subsidiary companies, namely PT Harvestar Flour Mills and PT Agristar Grain Industry.
"With Indonesia's very large population and low per capita consumption of wheat flour, the flour industry in Indonesia has great potential to develop," said Indra.
He added that through PT Agristar Grain Industry, the Company also began to focus on developing its business in other grain products apart from wheat.
Meanwhile, PT Chemstar Indonesia Tbk. (CHEM) is a manufacturer of chemicals for the textile industry. "We are here to support the creation of innovation in the textile industry in the country by producing high performance textile supporting materials, such as Indonesian military textile materials that have mosquito repellent functions to uniforms that have anti-fire features," said Kwee Sutrimo, President Director of PT Chemstar Indonesia Tbk. (CHEM).
CHEM also provides other innovations in the form of anti-microbial products that reduce the growth of bacteria in sportswear to keep them fresh and hygienic for a longer time.
Kwee said that apart from having bright prospects in the textile industry, CHEM also has many opportunities to enter other industries, such as the cosmetics and beauty industries to food.
"We will continue to present these innovations for solutions to people's lives who have increasingly diverse needs and we will continue to develop them to become the mainstay of the CHEM business in the future," said Kwee.
PT Arkora Hydro Tbk. (ARKO) is a company engaged in new and renewable energy. "We invite all Indonesian people to participate together with Arkora Hydro to continue to improve the renewable energy mix in Indonesia," said Aldo Henry Artoko, President Director of PT Arkora Hydro Tbk.
