JAKARTA – PT Pantai Indah Kapuk Dua Tbk (PANI) debuts as one of constituents of Indeks52, an index launched and designed by Tempo and IDNFinancials. This company is known to be listed under 3 categories: Main Index, High Growth, and Big Market capitalisation.

According to IDNFinancials record, PANI is deemed deserving of its place in Indeks52 after meeting several criteria, including market cap size, its CAGR and average dividend yield, number of shareholders, average daily transaction volume and frequency, and a minimum free float rate of 7.5% of its listed shares in the stock exchange.

In March 2024, this issuer reported market cap of IDR 87.12 trillion, soaring as high as 405.04% year-on-year (yoy) from IDR 17.25 trillion seen in March 2023.

As of December 2023, its revenue was IDR 122.37 billion, sloping from IDR 179.59 billion. However, in 2023, PANI booked net profit of IDR 270.03 billion, up from IDR 138.19 billion seen in 2022. Its net profit surge was driven by the gross profit increase to IDR 1.79 trillion from IDR 397.98 billion.

It is worth mentioning that Indeks52 was launched to the public on June 23, 2023. The selection of 52 constituents marks the 52nd anniversary of Majalah Tempo last year, and also celebrates 52 weeks in a year.

The index consists of four categories: Main Index, High Growth, High Dividend, and Big Market Cap. Total constituents were reported at 84 issuers, shrinking from the previous 96 issuers.

Indeks52 could be seen as an alternative reference for retail investors for their investment activities in the stock market. Total market cap of 84 listed issuers in Indeks52 reaches IDR 8.96 quadrillion, or equal to approximately 75% of total market cap of Indonesia Stock Exchange (IDX) of IDR 11.6 quadrillion recorded as of March 2024. (LK/ZH)