Free float issue still common in companies listed under IDX monitoring board
JAKARTA – Throughout July 2024, 21 issuers were reported being listed under the special monitoring board of Indonesia Stock Exchange (IDX) authorities. Out of those 21, 15 were reported failing to meet the free float requirement.
Based on IDNFinancials data quoted today (6/8), these issuers facing free-float issues include PT Metro Realty Tbk (MTSM), PT Mitra Komunikasi Nusantara Tbk (MKNT), PT Dewata Freightinternational Tbk (DEAL), PT Fortune Indonesia Tbk (FORU), PT Betonjaya Manunggal Tbk (BTON), PT Arthavest Tbk (ARTA), PT Bank JTrust Indonesia Tbk (BCIC), PT Asuransi Bintng Tbk (ASBI), dan PT Nusantara Inti Corpora Tbk (UNIT).
In addition, there are also PT Triwira Insanlestari Tbk (TRIL), PT Pollux Properties Indonesia Tbk (POLL), PT Roda Vivatex Tbk (RDTX), PT Sejahtera Bintang Abadi Textile Tbk (SBAT), and PT Asler Group Internasional Tbk (RONY).
Then, another 7 are listed under special monitoring due to their failures in meeting various criteria, such as being under Suspension of Debt Payment Obligation (lit. Penundaaan Kewajiban Pembayaran Utang/PKPU) status, negative equity, and poor liquidity as indicated through average transaction value of less than IDR 5 million.
These 7 are PT Meratus Jasa Prima Tbk (KARW), PT Indofarma Tbk (INAF), PT Sunindo Adipersada Tbk (TOYS), PT Sunson Textile Manufacturer Tbk (SSTM), PT Pradiksi Gunatama Tbk (PGUN), PT Asia Pacific Investama Tbk (MYTX), and PT Widodo Makmur Unggas Tbk (WMUU). (LK/ZH)