Newly-Listed Indonesian Stocks Rally as Q1 Earnings Impress Investors

Bisnis.com, JAKARTA — Indonesia Stock Exchange (IDX) data shows that at least 13 companies went public early this year, with total fundraising from initial public offerings (IPO) worth IDR 6.94 trillion. Of these new listings, a number of them saw their share prices surge post-IPO while their Q1 earnings post significant improvements.

For instance, newly-listed PT Raharja Energi Cepu (RATU), PT Bangun Kosambi Sukses (CBDK), and PT Delta Giri Wacana (DGWG)—all three having completed their listing process in January—reported a boost in both earnings and stock performance.