JAKARTA – The performance of 9 issuers is reported declining after holding its initial public offering (IPO) in Q4 2023. Some of those companies are engaged in the healthcare, non-cyclical consumer, and property industries.

 

Based on the data compiled by IDNFinancials today (10/1), there are 15 issuers debuting via IPO throughout the fourth quarter of 2023. However, 9 of those were corrected to the red zone until last Friday’s (29/12) trading session. They are:

• PT Maja Agung Latexindo Tbk (SURI) with IPO price of IDR 170 on December 7, dropping to IDR 164
• PT Kian Santang Muliatama Tbk (RGAS) with IPO price of IDR 120 on November 8, dropping to IDR 92
• PT Agro Bahari Nusantara Tbk (UDNG) with IPO price of IDR 100 on October 31, dropping to IDR 59
• PT Koka Indonesia Tbk (KOKA) with IPO price of IDR 128 on October 11, dropping to IDR 50
• PT Logisticsplus International Tbk (LOPI) with IPO price of IDR 100 on October 11, dropping to IDR 62
• PT Lovina Beach Brewery Tbk (STRK) with IPO price of IDR 100 on October 10, dropping to IDR 51
• PT Pulau Subur Tbk (PTPS) with IPO price of IDR 198 on October 9, dropping to IDR 152
• PT Kokoh Exa Nusantara Tbk (KOCI) with IPO price of IDR 120 on October 6, dropping to IDR 50
• PT Multitrend Indo Tbk (BABY) with IPO price of IDR 266 on September 7, dropping to IDR 177

 

Five other issuers, on the other hand, indicated growth in stock performance. They are:

• PT Barito Renewables Energy Tbk (BREN) with IPO price of 780 on October 9, soaring to IDR 7,475
• PT Janu Putra Sejahtera Tbk (AYAM) with IPO price of IDR 110 on November 30, climbing to IDR 110
• PT Ikapharmindo Putramas Tbk (IKPM) with IPO price of IDR 165 on November 8, growing to IDR 202
• PT Mastersystem Infotama Tbk (MSTI) with IPO price of IDR 1,355 on November 8, shifting to IDR 1,400
• PT Sumber Sinergi Makmur Tbk (IOTF) with IPO price of IDR 100 on October 6, jumping to IDR 150
• PT Anugerah Spareparts Sejahtera Tbk (AEGS) with IPO price of IDR 100, climbing to IDR 103. (LK/ZH)