Positive Capital Market in 2018.
The Jakarta bourse has set a target of listing 35 new companies this year, on the back of improving economic growth and upcoming regional elections that are expected to boost consumption in the country. Companies planning to go public this year is expected to exceed the official target of 35. There are several challenges this year in the domestic market, including hype surrounding the biennial multi-sport event Southeast Asian Games, regional elections and the International Monetary Fund and World Bank meeting in Bali. Communication construction service LCK Kedaton, solar panel manufacturer Sky Energy Indonesia, coal producer Borneo Olah Sarana Sukses and local shariah lender BTPN Syariah are expected to go public in the first quarter this year. Kioson Komersial was the first startup to go public in 2017 which raised Rp45bn and its share price has risen more than eight-fold since. Integrated offshore shipping company Pelayaran Tamarin Samudera was recorded as the highest gainer last year among the newly-listed 36 companies. Its share price jumped more than 13 times.