8. LAPORAN KEUANGAN | Smart Accounting idx fact book 2006
FACT BOOK 2006
Jakarta Stock ExchangE
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KPEI : Kliring dan Penjaminan Efek Indonesia
(The Indonesian Clearing and Settlement Corporation)
KSEI : Kustodian Sentral Efek Indonesia
(The Indonesian Central Securities Depository)
© 2006 Jakarta Stock Exchange. All rights reserved.
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication, it should not be by any person relied upon as the basis for taking any action or making any decision. The Jakarta Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice, action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
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50 Leading Companies in Market Capitalization ... 3
50 Most Active Stocks by Trading Volume ... 4
50 Most Active Stocks by Trading Value ... 5
50 Most Active Stocks by Trading Frequency ... 6
50 Most Active JSX Members in Total Trading Volume ... 7
50 Most Active JSX Members in Total Trading Value ... 8
50 Most Active JSX Members in Total Trading Frequency ... 9
TRADING SYSTEM ... 10
Order-driven Market and Open Auction System ... 11
Market Segmentation ... 11
Trading Schedule ... 11
Auto Rejection ... 12
Regular Market and Cash Market ... 12
Pre-Opening System ... 13
Terms and Conditions for Regular Market Transactions ... 13
Negotiation Market ... 14
Settlement ... 14
Trading Facilities ... 15
Jakarta Automated Trading System (JATS) ... 15
Diagram : JATS Expansion ... 16
Diagram : JONEC ... 16
Diagram : Securities Trading Process ... 16
Remote Trading Applications ... 17
Margin Trading... 17
Transaction Fees ... 18
Foreign Investor Involvement ... 19
Number of Shares and Market Capitalization ... 20
Trading Value by Selected Industries (Charts) ... 28
STOCK OPTION CONTRACT ... 29
Stock Option Contract (KOS) ... 29
Deinition ... 29
Underlying Stock ... 30
Requirements for Underlying Stock ... 30
KOS Serial Number ... 30
KOS Trading ... 31
JSX Members Requirements for KOS Trade ... 32
Stock Option Activities ... 33
Put Option Trading ... 34
Call Option Trading ... 35
JSX Members for KOS Trading ... 36
REGULATION ON LISTING ... 37
Preparation for Going Public ... 37
Registration at Bapepam ... 37
Diagram : Securities Listing Procedures ... 38
Listing in The Jakarta Stock Exchange (JSX) ... 38
General Terms of Listing ... 39
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Table of Contents
Procedures for Listing at the Main and Development Board ... 40
Requirements of the Listing of Additional Shares ... 41
Transfer of Board ... 41
Listing Fees ... 41
Listing Fee for Shares ... 41
Stock Exchange Reporting Requirements ... 44
JSX e-Reporting & Monitoring System ... 44
Suspend ... 44
Sanctions ... 45
Delisting ... 45
Delisting Procedures ... 46
Relisting ... 46
Initial Public Oferings, 2005 - 2006 ... 47
Delisting Companies ... 48
Rights Oferings, 2005 - 2006 ... 49
Financial Data & Ratios 2005 ... 50
Name Changes of Listed Companies ... 58
EXCHANGE MEMBERSHIP ... 59
Securities Company and Exchange Members Requirement ... 59
Minimum Net Adjusted Working Capital (NAWC) Requirement ... 60
Other Reporting Obligations for Exchange Members ... 60
Name Changes of Members ... 61
The List of Revoked Exchange Membership Certiicate ... 62
JSX Member in KOS Trading 2005 ... 63
INDEXES ... 64
Stock Price Index ... 64
Composite Stock Price Index ... 64
Chart : JSX Composite Index & Trading 2005 - May 2006 ... 64
Index Calculation Method ... 64
Sectoral Index ... 65
LQ45 Index ... 66
Index Review and Stock Replacement ... Advisory Commission ... LQ-45 Index’s Base Day and Beginning Calculation ... APPENDIX ... 67
Listed Companies ... 68
JSX Members ... 110
Securities Administration Bureau ... 119
Public Accountant Registered with Bapepam ... 120
Legal Advisor Registered with Bapepam ... 128
Civil Law Notaries Registered with Bapepam ... 137
Appraisal Company Registered with Bapepam ... 158
Custodian Banks Registered with Bapepam ... 162
Rating Agency ... 163
Organization Chart ... 164
Summary of JSX Financial Statement ... 165
Capital Market Information Centre ... 166
JSX Corners ... 167
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TRADING
Trading Days 247 247 239 246 245 242 241 243 61
Total Trading Volume of Shares (mil. shares)
Total 90,621 178,487 134,531 148,381 171,207 234,031 411,768 401,868 95,196 Daily Average 366.9 722.6 562.9 603.2 698.8 967.1 1,708.6 1,653.8 1,560.6
Total Trading Value of Shares (Rp bil.)
Total 99,685 147,880 122,775 97,523 120,763 125,438 247,007 406,006 88,223 Daily Average 403.6 598.7 513.7 396.4 492.9 518.3 1,024.9 1,670.8 1,446.3
Total Trading Frequency of Shares
Total (thousand) 3,506 4,549 4,593 3,622 3,092 2,953 3,724 4,012 1,010 Daily Average 14,195 18,418 19,217 14,722 12,621 12,203 15,452 16,510 16,562
Foreign Transaction of Shares
Buy Volume (mil. shares) 26,145 55,137 20,296 16,384 9,532 36,145 92,994 108,674 22,013 Value (Rp bil.) 44,111 57,781 25,088 12,763 13,607 40,133 110,762 157,019 29,838 Frequency (thousand) 624 637 311 172 82 266 557 583,762 147,551 Sell Volume (mil. shares) 26,535 41,047 20,414 12,854 6,751 26,621 69,048 80,736 13,581 Value (Rp bil.) 39,003 45,674 24,280 8,271 5,694 30,256 91,948 172,437 25,032 Frequency (thousand) 678 550 317 123 56 209 525 540,027 111,724
Domestic Transaction of Shares
Buy Volume (mil. shares) 64,475 123,350 114,235 131,997 161,711 197,885 318,774 293,194 73,184 Value (Rp bil.) 55,574 90,099 97,687 84,760 107,157 85,305 136,245 248,987 58,385 Frequency (thousand) 2,882 3,912 4,281 3,449 3,010 2,687 3,167 3,428 863 Sell Volume (mil. shares) 64,085 137,439 114,117 135,528 164,492 207,410 342,720 321,132 81,616 Value (Rp bil.) 60,682 102,206 98,495 89,252 115,070 95,182 155,059 233,569 63,191 Frequency (thousand) 2,828 4,005 4,275 3,498 3,036 2,745 3,199 3,472 899
Net Purchase by Foreigners
Total Trading Value of CB (Rp bil.) 0 0 0 0 0 0 0 0 0
Total Trading Value of Bonds (Rp bil.) 0 0 0 0 0 0 0 0 0 Total Trading Value of Warrant (Rp bil.) 340 1,030 1,328 900 644 858 802 613 71 Total Value of Transactions (Rp bil.) 100,025 148,910 124,102 98,423 121,407 126,296 247,809 406,619 88,294
JSX Composite Index
High 554.107 716.460 703.483 470.229 551.607 693.033 1,004.430 1,192.203 1,330.113
Low 256.834 372.318 404.115 342.858 337.475 379.351 668.477 994.770 1,171.709 Close 398.038 676.919 416.321 392.036 424.945 691.895 1,000.233 1,162.635 1,322.974
JSX Statistical Highlights
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Active Stocks
289 290 295 317 337 332 336 335 307As of the End of Period
Equities
Listed Companies 288 277 287 316 331 333 331 336 335
Listed Shares (mil. ) 170,549 846,131 1,186,307 885,241 939,545 829,360 656,447 712,985 753,032 New Issues
Company(s) 6 9 21 31 22 6 12 8 2
Shares Ofered (mill. Shares) 1,203 1,323 2,129 6,192 3,373 10,650 7,443 3,983 5,561 Amount Raised (bill. Rp) 1,017 317 2,127 1,335 1,116 9,504 2,141 3,545 659
Delisted Company(s) 0 20 11 2 7 4 15 3 3
Market Capitalization (bil. Rp) 175,729 451,815 259,621 239,259 268,423 460,366 679,949 801,253 910,557
Bonds
Listed Issuers 2 1 1 0 0 0 0 0 0
Listed Bonds 2 1 1 0 0 0 0 0 0
Market Capitalization (Rp bil.) 400.0 150.0 150.0 0 0 0 0 0 0
Convertible Bonds
Listed Issuers 3 3 3 1 1 0 0 0 0
Listed Convertible Bonds 3 3 3 1 1 0 0 0 0
Market Capitalization (Rp bil.) 99.2 99.2 99.2 0.6 0.6 0 0 0 0
Rights Issues (based on ex dated)
Listed Issuers 20 30 15 13 13 12 16 13 3
Fund Raised (Rp bill.) 5,431 132,846 16,555 4,117 7,315 4,494 3,910 5,893 4,139
Warrant
Listed Issuer 22 23 31 54 56 48 30 24 23
Listed Warrant 26 32 40 62 62 57 34 24 19
Market Capitalization (Rp bil.) 650.1 1,666.6 589.8 611.7 474.5 861.0 724 855 1,065
Brokerage Houses
197 197 197 188 186 158 144 126 124Active Brokerage Houses 185 182 190 188 182 153 142 125 119
Brokerage Stocks Trading
199,369 295,760 245,550 195,046 241,526 250,875 494,014 812,013 176,446(Bill. Rp)
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1 TLKM Telekomunikasi Indonesia Tbk 118,944 14.84 139,104 15.28 20,160 20,160
2 BBCA Bank Central Asia Tbk 41,485 5.18 50,956 5.60 12,201 12,205
3 ASII Astra International Tbk 41,293 5.15 45,544 5.00 4,048 4,048
4 HMSP HM Sampoerna Tbk 39,009 4.87 36,379 4.00 4,383 4,383
5 BBRI Bank Rakyat Indonesia (Persero) Tbk 36,030 4.50 46,837 5.14 11,911 12,009
6 BMRI Bank Mandiri (Persero) Tbk 32,871 4.10 33,927 3.73 20,043 20,075
7 UNVR Unilever Indonesia Tbk 32,618 4.07 32,428 3.56 7,630 7,630
8 PGAS Perusahaan Gas Negara (Persero) Tbk 30,953 3.86 45,056 4.95 4,486 4,506
9 ISAT Indosat Tbk 29,722 3.71 27,700 3.04 5,355 5,379
10 BDMN Bank Danamon Indonesia Tbk 23,140 2.89 23,386 2.57 4,872 4,872
11 GGRM Gudang Garam Tbk 22,416 2.80 20,203 2.22 1,924 1,924
12 BBNI Bank Negara Indonesia Tbk 16,831 2.10 16,831 1.85 13,149 13,149
13 EXCL Excelcomindo Pratama Tbk 16,130 2.01 17,016 1.87 7,090 7,090
14 BUMI Bumi Resources Tbk 14,747 1.84 17,464 1.92 19,404 19,404
15 INTP Indocement Tunggal Prakasa Tbk 13,068 1.63 16,658 1.83 3,681 3,681
16 INCO International Nickel IndonesiaTbk 13,066 1.63 17,041 1.87 994 994
17 MEDC Medco Energi International Tbk 11,247 1.40 13,830 1.52 3,332 3,332
18 SMGR Semen Gresik (Persero) Tbk 10,558 1.32 15,125 1.66 593 593
19 UNTR United Tractors Tbk 10,480 1.31 12,832 1.41 2,852 2,852
20 KLBF Kalbe Farma Tbk 10,054 1.25 13,812 1.52 10,156 10,156
21 INDF Indofood Sukses Makmur Tbk 8,594 1.07 8,405 0.92 9,444 9,444
22 AALI Astra Agro Lestari Tbk 7,716 0.96 9,763 1.07 1,575 1,575
23 BNII Bank International Indonesia Tbk 7,345 0.92 7,591 0.83 47,388 47,445
24 ENRG Energi Mega Persada Tbk 7,119 0.89 12,673 1.39 9,491 14,401
25 SHDA Sari Husada Tbk 7,006 0.87 6,716 0.74 1,974 1,975
26 ANTM Aneka Tambang (Persero) Tbk 6,820 0.85 8,298 0.91 1,908 1,908
27 PNBN Bank Pan Indonesia Tbk 6,674 0.83 7,945 0.87 15,890 15,890
28 INKP Indah Kiat Pulp & Paper Tbk 5,909 0.74 5,799 0.64 5,471 5,471
29 LPBN Bank Lippo Tbk 5,737 0.72 4,148 0.46 3,877 3,877
30 RALS Ramayana Lestari Sentosa Tbk 5,696 0.71 5,626 0.62 7,032 7,032
31 BNLI Bank Permata Tbk 5,519 0.69 5,519 0.61 7,666 7,666
32 BBIA Bank Buana Indonesia Tbk 5,423 0.68 5,138 0.56 5,709 5,709
33 LPKR Lippo Karawaci Tbk 5,132 0.64 5,807 0.64 2,933 2,933
34 BNGA Bank Niaga Tbk 4,762 0.59 5,544 0.61 11,757 11,796
35 BLTA Berlian Laju Tanker Tbk 4,324 0.54 5,904 0.65 4,157 4,158
36 TKIM Pabrik Kertas Tjiwi Kimia Tbk 4,207 0.53 3,807 0.42 1,336 1,336
37 PTBA Tambang Batubara Bukit Asam Tbk 4,147 0.52 4,723 0.52 2,304 2,304
38 NISP Bank NISP Tbk 3,763 0.47 3,274 0.36 4,887 4,887
39 SMCB Semen Cibinong Tbk 3,640 0.45 4,904 0.54 7,663 7,663
40 BMTR Bimantara Citra Tbk 3,404 0.42 2,983 0.33 1,297 1,297
41 BNBR Bakrie & Brothers Tbk 3,236 0.40 4,585 0.50 26,970 26,970
42 LSIP PP London Sumatera Tbk 3,231 0.40 4,436 0.49 1,095 1,095
43 MEGA Bank Mega Tbk 2,893 0.36 2,963 0.33 1,411 1,411
44 SMAR SMART Tbk 2,729 0.34 5,716 0.63 2,872 2,872
45 MPPA Matahari Putra Prima Tbk 2,598 0.32 2,787 0.31 2,706 2,706
46 TSPC Tempo Scan Paciic Tbk 2,543 0.32 3,015 0.33 450 450
47 FASW Fajar Surya Wisesa Tbk 2,478 0.31 2,577 0.28 2,478 2,478
48 AUTO Astra Otoparts Tbk 2,159 0.27 2,236 0.25 771 771
49 KOMI Komatsu Indonesia Tbk 2,024 0.25 - - 386
50 PLIN Plaza Indonesia Realty Tbk 2,024 0.25 2,024 0.22 355 355
Total 50 Shares 703,513 87.80 351,516
Market Total 801,253 910,557 712,985 753,032
50 Leading Companies in Market Capitalization
Market Capitalization (bill. Rp) Listed Shares (mill. Shr.)
No. Code Company Name 2005 % from 2006 % from 2005 2006
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1. BNBR Bakrie & Brothers Tbk 60,208 14.98 7,001 80 239 21,566 3,001 20 61 2. BNII Bank International Indonesia Tbk 24,079 5.99 4,434 33 242 3,628 572 8 61
3. BUMI Bumi Resources Tbk 22,690 5.65 17,810 112 243 7,733 6,511 30 56
4. KIJA Kawasan Industri Jababeka Tbk 15,006 3.73 1,879 45 243 4,129 454 10 61
5. PNLF Panin Life Tbk 14,691 3.66 2,536 33 242 1,736 268 5 61
6. BNGA Bank Niaga Tbk 13,257 3.30 6,171 75 242 2,799 1,207 20 61
7. BMRI Bank Mandiri (Persero) Tbk 10,478 2.61 16,861 151 243 3,405 5,941 54 61 8. INKP Indah Kiat Pulp & Paper Tbk 10,004 2.49 12,454 132 243 658 697 13 61
9. ENRG Energi Mega Persada Tbk 8,537 2.12 6,161 69 241 3,298 2,531 22 56
10. INDF Indofood Sukses Makmur Tbk 8,478 2.11 8,348 92 243 1,418 1,238 20 61
11. PLAS Palm Asia Corpora Tbk 7,705 1.92 6,781 18 243 376 327 1 61
12. LPBN Bank Lippo Tbk 7,102 1.77 9,752 42 243 14 16 1 59
13. TLKM Telekomunikasi Indonesia Tbk 6,645 1.65 32,814 129 243 1,442 9,167 28 61
14. PNBN Bank Pan Indonesia Tbk 6,468 1.61 3,048 49 241 1,673 778 14 61
15. MEDC Medco Energi International Tbk 5,839 1.45 16,960 55 243 521 2,058 15 61 16. BBRI Bank Rakyat Indonesia (Persero) Tbk 5,639 1.40 15,656 100 243 1,373 4,793 28 61
17. BLTA Berlian Laju Tanker Tbk 5,305 1.32 4,652 68 243 1,367 1,813 26 61
18. GJTL Gajah Tunggal Tbk 5,272 1.31 3,782 68 243 1,304 827 17 61
19. HMSP HM Sampoerna Tbk 5,219 1.30 54,151 16 226 4 33 1 56
20. MLPL Multipolar Tbk 5,207 1.30 1,107 44 243 700 104 6 61
21. INPC Bank Artha Graha Internasional Tbk 5,168 1.29 328 12 226 516 18 1 51
22. BBCA Bank Central Asia Tbk 5,151 1.28 17,213 71 241 569 2,119 13 61
23. ELTY Bakrieland Development Tbk 5,034 1.25 1,520 56 243 1,921 294 8 61
24. RMBA Bentoel International Investama Tbk 4,963 1.24 637 10 239 1,665 506 1 56
25. BCIC Bank Century Tbk 4,842 1.20 455 17 231 162 8 1 61
26. SMCB Semen Cibinong Tbk 4,792 1.19 2,497 57 242 1,560 937 21 61
27. KLBF Kalbe Farma Tbk 4,378 1.09 3,573 41 241 1,498 1,898 20 61
28. DOID Delta Dunia Petroindo Tbk 4,161 1.04 1,817 29 233 85 11 1 23
29. JIHD Jakarta Int’l Hotel & Dev. Tbk 3,807 0.95 2,403 52 243 210 120 4 61 30. UNSP Bakrie Sumatra Plantations Tbk 3,661 0.91 1,442 32 242 1,594 859 15 61 31. PGAS Perusahaan Gas Negara (Persero) Tbk 2,925 0.73 9,152 76 243 676 6,213 45 61
32. ISAT Indosat Tbk 2,887 0.72 15,315 80 243 873 4,773 35 61
33. UNTR United Tractors Tbk 2,704 0.67 9,258 90 243 599 2,382 22 61
34. ADHI Adhi Karya (Persero) Tbk 2,623 0.65 2,208 64 243 615 495 15 61
35. BBIA Bank Buana Indonesia Tbk 2,599 0.65 2,470 1 190 5 4 0 15
36. CTRS Ciputra Surya Tbk 2,595 0.65 1,481 46 242 1,698 907 21 61
37. ADMG Polychem Indonesia Tbk 2,430 0.60 1,104 53 242 270 90 5 61
38. NISP Bank NISP Tbk 2,419 0.60 2,154 4 195 87 67 0 28
39. EXCL Excelcomindo Pratama Tbk 2,300 0.57 4,700 9 60 11 28 4 60
40. PTBA Tambang Batubara Bukit Asam Tbk 2,236 0.56 3,711 67 243 766 1,528 24 61
41. PTRA New Century Development Tbk 2,160 0.54 196 21 232 93 4 1 60
42. ASII Astra International Tbk 1,944 0.48 20,263 98 243 588 6,167 38 61
43. MDLN Modernland Realty Ltd. Tbk 1,897 0.47 593 34 240 488 121 8 61
44. TRIM Trimegah Securities Tbk 1,858 0.46 323 11 234 143 23 1 54
45. CMNP Citra Marga Nusaphala Persada Tbk 1,835 0.46 1,832 39 243 394 322 10 60
46. SMRA Summarecon Agung Tbk 1,830 0.46 1,665 28 243 580 522 8 61
47. BDMN Bank Danamon Indonesia Tbk 1,799 0.45 8,467 38 242 183 823 9 61
48. RALS Ramayana Lestari Sentosa Tbk 1,689 0.42 1,340 20 243 462 360 8 61
49. ANTM Aneka Tambang (Persero) Tbk 1,646 0.41 3,946 57 243 409 1,730 28 61
50. SRSN Sarasa Nugraha Tbk 1,616 0.40 90 18 161 378 44 11 61
Total 50 Stocks 337,780 354,512 2,646
% of Total 84.05 87.32 65.94
Market Total 401,868 406,006 4,012 95,196 88,223 1,010
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1. HMSP HM Sampoerna Tbk 5,219 54,151 13.34 16 226 4 33 1 56 2. TLKM Telekomunikasi Indonesia Tbk 6,645 32,814 8.08 129 243 1,442 9,167 28 61
3. ASII Astra International Tbk 1,944 20,263 4.99 98 243 588 6,167 38 61
4. BUMI Bumi Resources Tbk 22,690 17,810 4.39 112 243 7,733 6,511 30 56
5. BBCA Bank Central Asia Tbk 5,151 17,213 4.24 71 241 569 2,119 13 61
6. MEDC Medco Energi International Tbk 5,839 16,960 4.18 55 243 521 2,058 15 61 7. BMRI Bank Mandiri (Persero) Tbk 10,478 16,861 4.15 151 243 3,405 5,941 54 61 8. BBRI Bank Rakyat Indonesia (Persero) Tbk 5,639 15,656 3.86 100 243 1,373 4,793 28 61
9. ISAT Indosat Tbk 2,887 15,315 3.77 80 243 873 4,773 35 61
10. INKP Indah Kiat Pulp & Paper Tbk 10,004 12,454 3.07 132 243 658 697 13 61
11. LPBN Bank Lippo Tbk 7,102 9,752 2.40 42 243 14 16 1 59
12. UNTR United Tractors Tbk 2,704 9,258 2.28 90 243 599 2,382 22 61
13. PGAS Perusahaan Gas Negara (Persero) Tbk 2,925 9,152 2.25 76 243 676 6,213 45 61
14. BDMN Bank Danamon Indonesia Tbk 1,799 8,467 2.09 38 242 183 823 9 61
15. INDF Indofood Sukses Makmur Tbk 8,478 8,348 2.06 92 243 1,418 1,238 20 61 16. BNBR Bakrie & Brothers Tbk 60,208 7,001 1.72 80 239 21,566 3,001 20 61
17. PLAS Palm Asia Corpora Tbk 7,705 6,781 1.67 18 243 376 327 1 61
18. BNGA Bank Niaga Tbk 13,257 6,171 1.52 75 242 2,799 1,207 20 61
19. ENRG Energi Mega Persada Tbk 8,537 6,161 1.52 69 241 3,298 2,531 22 56
20. EXCL Excelcomindo Pratama Tbk 2,300 4,700 1.16 9 60 11 28 4 60
21. BLTA Berlian Laju Tanker Tbk 5,305 4,652 1.15 68 243 1,367 1,813 26 61
22. BNII Bank International Indonesia Tbk 24,079 4,434 1.09 33 242 3,628 572 8 61 23. INTP Indocement Tunggal Prakasa Tbk 1,300 4,216 1.04 44 243 247 1,008 11 61 24. ANTM Aneka Tambang (Persero) Tbk 1,646 3,946 0.97 57 243 409 1,730 28 61
25. GGRM Gudang Garam Tbk 295 3,914 0.96 39 243 72 797 7 61
26. GJTL Gajah Tunggal Tbk 5,272 3,782 0.93 68 243 1,304 827 17 61
27. PTBA Tambang Batubara Bukit Asam Tbk 2,236 3,711 0.91 67 243 766 1,528 24 61
28. KLBF Kalbe Farma Tbk 4,378 3,573 0.88 41.5 241 1,498 1,898 20 61
29. PNBN Bank Pan Indonesia Tbk 6,468 3,048 0.75 49 241 1,673 778 14 61
30. TKIM Pabrik Kertas Tjiwi Kimia Tbk 1,140 3,042 0.75 44 243 99 297 6 61
31. LSIP PP London Sumatera Tbk 1,235 2,623 0.65 41 243 265 891 14 61
32. PNLF Panin Life Tbk 14,691 2,536 0.62 33 242 1,736 268 5 61
33. INCO International Nickel IndonesiaTbk 186 2,531 0.62 32 243 36 564 8 61
34. SMCB Semen Cibinong Tbk 4,792 2,497 0.62 57 242 1,560 937 21 61
35. BBIA Bank Buana Indonesia Tbk 2,599 2,470 0.61 1 190 5 4 0 15
36. JIHD Jakarta Int’l Hotel & Dev. Tbk 3,807 2,403 0.59 52 243 210 120 4 61
37. AALI Astra Agro Lestari Tbk 612 2,318 0.57 26 243 69 393 5 61
38. ADHI Adhi Karya (Persero) Tbk 2,623 2,208 0.54 64 243 615 495 15 61
39. NISP Bank NISP Tbk 2,419 2,154 0.53 4 195 87 67 0 28
40. UNVR Unilever Indonesia Tbk 504 1,987 0.49 26 242 81 350 5 61
41. KIJA Kawasan Industri Jababeka Tbk 15,006 1,879 0.46 45 243 4,129 454 10 61 42. CMNP Citra Marga Nusaphala Persada Tbk 1,835 1,832 0.45 39 243 394 322 10 60
43. DOID Delta Dunia Petroindo Tbk 4,161 1,817 0.45 29 233 85 11 1 23
44. SHDA Sari Husada Tbk 567 1,672 0.41 4 165 0 1 0 16
45. SMRA Summarecon Agung Tbk 1,830 1,665 0.41 28 243 580 522 8 61
46. ELTY Bakrieland Development Tbk 5,034 1,520 0.37 56 243 1,921 294 8 61
47. CTRS Ciputra Surya Tbk 2,595 1,481 0.36 46 242 1,698 907 21 61
48. UNSP Bakrie Sumatra Plantations Tbk 3,661 1,442 0.36 32 242 1,594 859 15 61
49. TINS Timah Tbk 656 1,379 0.34 35 243 184 368 10 61
50. RALS Ramayana Lestari Sentosa Tbk 1,689 1,340 0.33 20 243 462 360 8 61
Total 50 Stocks 314,133 373,360 2,718
% of Total 78.17 91.96 67.74
Market Total 401,868 406,006 4,012 95,196 88,223 1,010
50 Most Active Stocks by Trading Value
Total Transaction 2005 Trading Total Transaction 1st Q-2006 Trading No. Code Stock Name Volume Value % of Freq. Days Volume Value Freq. Days
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1. BMRI Bank Mandiri (Persero) Tbk 10,478 16,861 151 3.77 243 3,405 5,941 54 61 2. INKP Indah Kiat Pulp & Paper Tbk 10,004 12,454 132 3.29 243 658 697 13 61 3. TLKM Telekomunikasi Indonesia Tbk 6,645 32,814 129 3.22 243 1,442 9,167 28 61
4. BUMI Bumi Resources Tbk 22,690 17,810 112 2.79 243 7,733 6,511 30 56
5. BBRI Bank Rakyat Indonesia (Persero) Tbk 5,639 15,656 100 2.48 243 1,373 4,793 28 61
6. ASII Astra International Tbk 1,944 20,263 98 2.44 243 588 6,167 38 61
7. INDF Indofood Sukses Makmur Tbk 8,478 8,348 92 2.29 243 1,418 1,238 20 61
8. UNTR United Tractors Tbk 2,704 9,258 90 2.25 243 599 2,382 22 61
9. BNBR Bakrie & Brothers Tbk 60,208 7,001 80 2.01 239 21,566 3,001 20 61
10. ISAT Indosat Tbk 2,887 15,315 80 2.00 243 873 4,773 35 61
11. PGAS Perusahaan Gas Negara (Persero) Tbk 2,925 9,152 76 1.90 243 676 6,213 45 61
12. BNGA Bank Niaga Tbk 13,257 6,171 75 1.87 242 2,799 1,207 20 61
13. BBCA Bank Central Asia Tbk 5,151 17,213 71 1.77 241 569 2,119 13 61
14. ENRG Energi Mega Persada Tbk 8,537 6,161 69 1.73 241 3,298 2,531 22 56
15. GJTL Gajah Tunggal Tbk 5,272 3,782 68 1.69 243 1,304 827 17 61
16. BLTA Berlian Laju Tanker Tbk 5,305 4,652 68 1.68 243 1,367 1,813 26 61
17. PTBA Tambang Batubara Bukit Asam Tbk 2,236 3,711 67 1.68 243 766 1,528 24 61
18. ADHI Adhi Karya (Persero) Tbk 2,623 2,208 64 1.60 243 615 495 15 61
19. ANTM Aneka Tambang (Persero) Tbk 1,646 3,946 57 1.42 243 409 1,730 28 61
20. SMCB Semen Cibinong Tbk 4,792 2,497 57 1.42 242 1,560 937 21 61
21. ELTY Bakrieland Development Tbk 5,034 1,520 56 1.39 243 1,921 294 8 61
22. MEDC Medco Energi International Tbk 5,839 16,960 55 1.38 243 521 2,058 15 61
23. ADMG Polychem Indonesia Tbk 2,430 1,104 53 1.31 242 270 90 5 61
24. JIHD Jakarta Int’l Hotel & Dev. Tbk 3,807 2,403 52 1.31 243 210 120 4 61
25. PNBN Bank Pan Indonesia Tbk 6,468 3,048 49 1.23 241 1,673 778 14 61
26. CTRS Ciputra Surya Tbk 2,595 1,481 46 1.15 242 1,698 907 21 61
27. KIJA Kawasan Industri Jababeka Tbk 15,006 1,879 45 1.12 243 4,129 454 10 61
28. TKIM Pabrik Kertas Tjiwi Kimia Tbk 1,140 3,042 44 1.11 243 99 297 6 61
29. MLPL Multipolar Tbk 5,207 1,107 44 1.09 243 700 104 6 61
30. INTP Indocement Tunggal Prakasa Tbk 1,300 4,216 44 1.09 243 247 1,008 11 61
31. LPBN Bank Lippo Tbk 7,102 9,752 42 1.05 243 14 16 1 59
32. KLBF Kalbe Farma Tbk 4,378 3,573 41 1.03 241 1,498 1,898 20 61
33. LSIP PP London Sumatera Tbk 1,235 2,623 41 1.03 243 265 891 14 61
34. CMNP Citra Marga Nusaphala Persada Tbk 1,835 1,832 39 0.98 243 394 322 10 60
35. GGRM Gudang Garam Tbk 295 3,914 39 0.98 243 72 797 7 61
36. BDMN Bank Danamon Indonesia Tbk 1,799 8,467 38 0.96 242 183 823 9 61
37. BRPT Barito Paciic Timber Tbk 1,429 1,143 37 0.91 230 437 278 9 61
38. TINS Timah Tbk 656 1,379 35 0.87 243 184 368 10 61
39. MDLN Modernland Realty Ltd. Tbk 1,897 593 34 0.86 240 488 121 8 61
40. BNII Bank International Indonesia Tbk 24,079 4,434 33 0.83 242 3,628 572 8 61
41. PNLF Panin Life Tbk 14,691 2,536 33 0.83 242 1,736 268 5 61
42. ASGR Astra Graphia Tbk 1,405 493 32 0.81 242 197 62 5 61
43. UNSP Bakrie Sumatra Plantations Tbk 3,661 1,442 32 0.81 242 1,594 859 15 61 44. INCO International Nickel IndonesiaTbk 186 2,531 32 0.79 243 36 564 8 61
45. DOID Delta Dunia Petroindo Tbk 4,161 1,817 29 0.73 233 85 11 1 23
46. DILD Dharmala Intiland Tbk 1,494 472 29 0.73 242 74 16 2 60
47. SMRA Summarecon Agung Tbk 1,830 1,665 28 0.69 243 580 522 8 61
48. ARTI Arona Binasejati Tbk 500 649 27 0.67 178 0 0 0 3
49. UNVR Unilever Indonesia Tbk 504 1,987 26 0.66 242 81 350 5 61
50. AALI Astra Agro Lestari Tbk 612 2,318 26 0.64 243 69 393 5 61
Total 50 Stocks 305,999 305,655 2,901
% of Total 76.14 75.28 72.32
(13)
Total Transaction 2005 Total Transaction Q1-2006 No. Code JSX Members Volume % Value Freq. Volume Value Freq.
(mill. Shr) (bill. Rp) (ths. X) (mill. Shr) (bill. Rp) (ths. X)
50 Most Active JSX Members in Total Trading Volume
1. ZP Kim Eng Securities 46,171 5.74 52,830 421 12,450 14,181 105
2. KZ CLSA Indonesia 32,056 3.99 33,765 163 8,605 10,088 48
3. LG Trimegah Securities Tbk 32,038 3.99 20,956 478 8,350 6,139 129
4. OD Danareksa Sekuritas 28,915 3.60 35,664 308 6,774 9,618 85
5. KI Ciptadana Sekuritas 26,657 3.32 18,073 205 5,738 3,701 50
6. YU CIMB GK Goh Indonesia 23,914 2.98 24,849 192 5,273 3,743 40
7. CC Mandiri Sekuritas 21,621 2.69 18,875 150 4,790 5,065 46
8. DX Bahana Securities 19,886 2.47 109,483 142 2,994 5,316 51
9. AK UBS Securities Indonesia 19,783 2.46 41,253 143 5,413 10,069 42
10. TX Dhanawibawa Arta Cemerlang 19,114 2.38 6,924 163 2,251 1,473 37
11. YJ Lautandhana Securindo 19,035 2.37 12,910 179 4,571 2,791 36
12. CP Valbury Asia Securities 17,846 2.22 13,257 416 4,144 3,761 110
13. DP DBS Vickers Securities Indonesia 17,481 2.17 17,504 182 5,563 4,545 48
14. DH Sinarmas Sekuritas 15,373 1.91 12,126 99 3,180 2,058 31
15. ML Merrill Lynch Indonesia 14,947 1.86 25,957 90 3,198 6,857 34
16. BW BNP Paribas Peregrine 14,826 1.84 19,362 63 1,475 2,210 15
17. DB Deutsche Securities Indonesia 14,735 1.83 31,364 111 3,081 7,258 29
18. HP Henan Putihrai 14,724 1.83 8,133 107 3,966 2,229 24
19. IN Investindo Nusantara Sekuritas 14,377 1.79 8,649 109 2,803 1,307 19
20. XL Mahakarya Artha Securities 13,990 1.74 8,599 97 1,998 1,214 15
21. BK JP Morgan Securities Indonesia 13,328 1.66 30,896 120 4,670 7,833 31
22. FA KUO Capital Raharja 13,219 1.64 7,815 123 2,726 1,632 22
23. MG Semesta Indovest 12,880 1.60 10,236 69 5,708 2,350 17
24. PG Panca Global Securities Tbk 12,647 1.57 5,539 60 2,251 1,446 14
25. EL Evergreen Capital 12,480 1.55 5,481 77 2,451 1,519 19
26. IF Samuel Sekuritas Indonesia 12,459 1.55 7,031 67 4,020 1,913 15
27. II Danatama Makmur 12,059 1.50 5,276 63 3,042 1,340 11
28. HG ABN Amro Asia Securities Indonesia 11,156 1.39 22,163 97 2,212 3,721 21
29. RX Macquarie Securities Indonesia 10,235 1.27 18,278 92 2,989 3,962 27
30. PD Indo Premier Securities 9,777 1.22 6,905 85 3,385 2,312 27
31. SP Sarijaya Permana Sekuritas 9,393 1.17 7,567 221 1,635 1,932 54
32. BQ Danpac Sekuritas 8,969 1.12 4,058 68 2,326 1,358 17
33. GR Panin Sekuritas Tbk 8,780 1.09 5,301 109 1,869 1,377 31
34. KK Phillip Securities Indonesia 7,559 0.94 5,122 129 1,510 1,278 30
35. EP Bhakti Securities 7,228 0.90 4,782 112 1,518 1,146 26
36. LH NC Securities 6,517 0.81 2,158 31 541 542 7
37. KS Kresna Graha Sekurindo Tbk 6,478 0.81 7,379 35 801 730 9
38. AO Erdhika Elit 6,162 0.77 3,874 87 2,271 1,527 25
39. SQ Dinamika Usahajaya 5,498 0.68 3,710 39 307 225 5
40. NI BNI Securities 5,405 0.67 4,862 101 880 1,038 24
41. WW Suprasurya Danawan Sekuritas Tbk 5,192 0.65 3,019 43 375 286 5
42. BJ Andalan Artha Advisindo Sekuritas 5,084 0.63 4,996 79 883 1,346 11
43. SH Arthavest Tbk 5,077 0.63 2,891 71 1,212 970 20
44. RO NISP Sekuritas 5,052 0.63 3,542 21 1,132 702 7
45. LS Reliance Securities Tbk 5,032 0.63 3,725 79 1,524 1,597 27
46. AZ Sucorinvest Central Gani 4,991 0.62 3,821 80 1,518 1,472 19
47. FS AmCapital Indonesia 4,898 0.61 3,009 53 2,693 1,529 21
48. AI UOB Kay Hian Securities 4,891 0.61 2,708 23 546 581 1
49. BS Equity Development Securities 4,824 0.60 4,240 71 623 802 1
50. DS Dinar Sekuritas 4,752 0.59 2,684 36 1,157 796 8
Total of the 50 irms 669,514 723,602 6,159
% of Total Transaction 83.30 89.11 76.76
(14)
1. DX Bahana Securities 19,886 109,483 13.48 142 2,994 5,316 51
2. ZP Kim Eng Securities 46,171 52,830 6.51 421 12,450 14,181 105
3. AK UBS Securities Indonesia 19,783 41,253 5.08 143 5,413 10,069 42
4. OD Danareksa Sekuritas 28,915 35,664 4.39 308 6,774 9,618 85
5. KZ CLSA Indonesia 32,056 33,765 4.16 163 8,605 10,088 48
6. DB Deutsche Securities Indonesia 14,735 31,364 3.86 111 3,081 7,258 29
7. BK JP Morgan Securities Indonesia 13,328 30,896 3.80 120 4,670 7,833 31
8. ML Merrill Lynch Indonesia 14,947 25,957 3.20 90 3,198 6,857 34
9. YU CIMB GK Goh Indonesia 23,914 24,849 3.06 192 5,273 3,743 40
10. HG ABN Amro Asia Securities Indonesia 11,156 22,163 2.73 97 2,212 3,721 21
11. LG Trimegah Securities Tbk 32,038 20,956 2.58 478 8,350 6,139 129
12. BW BNP Paribas Peregrine 14,826 19,362 2.38 63 1,475 2,210 15
13. CC Mandiri Sekuritas 21,621 18,875 2.32 150 4,790 5,065 46
14. RX Macquarie Securities Indonesia 10,235 18,278 2.25 92 2,989 3,962 27
15. KI Ciptadana Sekuritas 26,657 18,073 2.23 205 5,738 3,701 50
16. DP DBS Vickers Securities Indonesia 17,481 17,504 2.16 182 5,563 4,545 48
17. CP Valbury Asia Securities 17,846 13,257 1.63 416 4,144 3,761 110
18. YJ Lautandhana Securindo 19,035 12,910 1.59 179 4,571 2,791 36
19. GA Sekuritas Indo Paciic Inv. 4,087 12,459 1.53 14 93 44 2
20. DH Sinarmas Sekuritas 15,373 12,126 1.49 99 3,180 2,058 31
21. MG Semesta Indovest 12,880 10,236 1.26 69 5,708 2,350 17
22. IN Investindo Nusantara Sekuritas 14,377 8,649 1.07 109 2,803 1,307 19
23. XL Mahakarya Artha Securities 13,990 8,599 1.06 97 1,998 1,214 15
24. HP Henan Putihrai 14,724 8,133 1.00 107 3,966 2,229 24
25. FA KUO Capital Raharja 13,219 7,815 0.96 123 2,726 1,632 22
26. SP Sarijaya Permana Sekuritas 9,393 7,567 0.93 221 1,635 1,932 54
27. KS Kresna Graha Sekurindo Tbk 6,478 7,379 0.91 35 801 730 9
28. IF Samuel Sekuritas Indonesia 12,459 7,031 0.87 67 4,020 1,913 15
29. TX Dhanawibawa Arta Cemerlang 19,114 6,924 0.85 163 2,251 1,473 37
30. PD Indo Premier Securities 9,777 6,905 0.85 85 3,385 2,312 27
31. PG Panca Global Securities Tbk 12,647 5,539 0.68 60 2,251 1,446 14
32. EL Evergreen Capital 12,480 5,481 0.68 77 2,451 1,519 19
33. GR Panin Sekuritas Tbk 8,780 5,301 0.65 109 1,869 1,377 31
34. II Danatama Makmur 12,059 5,276 0.65 63 3,042 1,340 11
35. KK Phillip Securities Indonesia 7,559 5,122 0.63 129 1,510 1,278 30
36. BJ Andalan Artha Advisindo Sekuritas 5,084 4,996 0.62 79 883 1,346 11
37. NI BNI Securities 5,405 4,862 0.60 101 880 1,038 24
38. EP Bhakti Securities 7,228 4,782 0.59 112 1,518 1,146 26
39. BS Equity Development Securities 4,824 4,240 0.52 71 623 802 14
40. BQ Danpac Sekuritas 8,969 4,058 0.50 68 2,326 1,358 17
41. AO Erdhika Elit 6,162 3,874 0.48 87 2,271 1,527 25
42. AZ Sucorinvest Central Gani 4,991 3,821 0.47 80 1,518 1,472 19
43. LS Reliance Securities 5,032 3,725 0.46 79 1,524 1,597 27
44. SQ Dinamika Usahajaya 5,498 3,710 0.46 39 307 225 5
45. RO NISP Sekuritas 5,052 3,542 0.44 21 1,132 702 7
46. PK Pratama Capital Indonesia 3,915 3,112 0.38 47 940 813 11
47. WW Suprasurya Danawan Sekuritas Tbk 5,192 3,019 0.37 43 375 286 5
48. FS AmCapital Indonesia 4,898 3,009 0.37 53 2,693 1,529 21
49. SH Arthavest Tbk 5,077 2,891 0.36 71 1,212 970 20
50. AI UOB Kay Hian Securities 4,891 2,708 0.33 23 546 581 1
Total of the 50 irms 666,247 734,332 6,154
% of Total Transaction 82.89 90.43 76.70
(15)
Total Transaction 2005 Total Transaction Q1-2006 No. Code JSX Members Volume Value (Rp) Frequency % Volume Value Freq.
(mill. Shr) (bill. Rp) (ths. X) (mill. Shr) (bill. Rp) (ths. X)
50 Most Active JSX Members in Total Trading Frequency
1. LG Trimegah Securities Tbk 32,038 20,956 478 5.96 8,350 6,139 129
2. ZP Kim Eng Securities 46,171 52,830 421 5.25 12,450 14,181 105
3. CP Valbury Asia Securities 17,846 13,257 416 5.18 4,144 3,761 110
4. OD Danareksa Sekuritas 28,915 35,664 308 3.84 6,774 9,618 85
5. SP Sarijaya Permana Sekuritas 9,393 7,567 221 2.76 1,635 1,932 54
6. KI Ciptadana Sekuritas 26,657 18,073 205 2.56 5,738 3,701 50
7. YU CIMB GK Goh Indonesia 23,914 24,849 192 2.40 5,273 3,743 40
8. DP DBS Vickers Securities Indonesia 17,481 17,504 182 2.26 5,563 4,545 48
9. YJ Lautandhana Securindo 19,035 12,910 179 2.23 4,571 2,791 36
10. TX Dhanawibawa Arta Cemerlang 19,114 6,924 163 2.03 2,251 1,473 37
11. KZ CLSA Indonesia 32,056 33,765 163 2.03 8,605 10,088 48
12. CC Mandiri Sekuritas 21,621 18,875 150 1.88 4,790 5,065 46
13. AK UBS Securities Indonesia 19,783 41,253 143 1.78 5,413 10,069 42
14. DX Bahana Securities 19,886 109,483 142 1.78 2,994 5,316 51
15. KK Phillip Securities Indonesia 7,559 5,122 129 1.61 1,510 1,278 30
16. FA KUO Capital Raharja 13,219 7,815 123 1.53 2,726 1,632 22
17. BK JP Morgan Securities Indonesia 13,328 30,896 120 1.50 4,670 7,833 31
18. EP Bhakti Securities 7,228 4,782 112 1.40 1,518 1,146 26
19. DB Deutsche Securities Indonesia 14,735 31,364 111 1.38 3,081 7,258 29 20. IN Investindo Nusantara Sekuritas 14,377 8,649 109 1.36 2,803 1,307 19
21. GR Panin Sekuritas Tbk 8,780 5,301 109 1.36 1,869 1,377 31
22. HP Henan Putihrai 14,724 8,133 107 1.34 3,966 2,229 24
23. NI BNI Securities 5,405 4,862 101 1.26 880 1,038 24
24. DH Sinarmas Sekuritas 15,373 12,126 99 1.24 3,180 2,058 31
25. XL Mahakarya Artha Securities 13,990 8,599 97 1.21 1,998 1,214 15
26. HG ABN Amro Asia Securities Indonesia 11,156 22,163 97 1.21 2,212 3,721 21
27. YP eTrading Securities 3,295 1,758 96 1.19 1,282 810 36
28. RX Macquarie Securities Indonesia 10,235 18,278 92 1.14 2,989 3,962 27
29. ML Merrill Lynch Indonesia 14,947 25,957 90 1.13 3,198 6,857 34
30. AO Erdhika Elit 6,162 3,874 87 1.09 2,271 1,527 25
31. PD Indo Premier Securities 9,777 6,905 85 1.05 3,385 2,312 27
32. AZ Sucorinvest Central Gani 4,991 3,821 80 1.00 1,518 1,472 19
33. BJ Andalan Artha Advisindo Sekuritas 5,084 4,996 79 0.99 883 1,346 11
34. LS Reliance Securities Tbk 5,032 3,725 79 0.98 1,524 1,597 27
35. EL Evergreen Capital 12,480 5,481 77 0.96 2,451 1,519 19
36. SH Arthavest Tbk 5,077 2,891 71 0.89 1,212 970 20
37. BS Equity Development Securities 4,824 4,240 71 0.89 623 802 1
38. MG Semesta Indovest 12,880 10,236 69 0.86 5,708 2,350 17
39. BQ Danpac Sekuritas 8,969 4,058 68 0.84 2,326 1,358 17
40. IF Samuel Sekuritas Indonesia 12,459 7,031 67 0.84 4,020 1,913 15
41. II Danatama Makmur 12,059 5,276 63 0.79 3,042 1,340 11
42. BW BNP Paribas Peregrine 14,826 19,362 63 0.78 1,475 2,210 15
43. SM Millenium Danatama Sekuritas 2,315 1,343 60 0.75 493 337 14
44. ZR Bumiputera Capital Indonesia 3,291 2,240 60 0.75 609 680 16
45. PG Panca Global Securities 12,647 5,539 60 0.75 2,251 1,446 14
46. FS AmCapital Indonesia 4,898 3,009 53 0.67 2,693 1,529 21
47. ID Anugerah Securindo Indah 2,011 1,006 53 0.66 417 184 12
48. BD Mitra Investdana Sekurindo 1,796 1,274 52 0.65 899 702 21
49. SS Supra Securinvest 1,999 2,054 52 0.65 449 577 13
50. FO Mentari Securindo 1,490 613 51 0.64 - -
-Total of the 50 irms 647,330 708,691 6,357
% of Total Transaction 80.54 87.28 79.22
(16)
Sudirman Kav. 52 - 53, Jakarta 12190. The instruments traded are shares, pre-emptive rights, warrants, bonds
and convertible bonds.
Technology plays a very important role as the backbone of share trading, and perfecting its implementation
and use is a priority for the JSX. The JSX’s current system is known as the Jakarta Automated Trading System or
JATS, and this system has been adopted by the JSX since May 22, 1995. JATS was implemented with the basic
aims to support a fair, transparent, e
icient and cost-efective market for the investors. The reliability of JATS is
a prime concern of the JSX members as well as other market participants. In 2004, JATS exhibited 100% system
availability.
Although JATS showed a good performance throughout 2004, the JSX decided to upgrade the hardware
to meet the latest speciication. The goal of this upgrading was to provide a faster and more eicient trading
system. Such upgrading would enable JATS to process larger trading frequency and volume, in anticipation of
future growth. To encourage market liquidity, on February 3, 2004, the JSX implemented pre-opening trading
regulation.
With regard new product development, on October 6, 2004, the JSX started trading KOS (Kontrak Opsi Saham/
Stock Options), a new derivative instrument. This new product complements the range of existing instruments
traded on the JSX, such as shares, warrants and pre-emptive rights. Investors are expected to fully beneit from KOS,
since investors can utilize this product as a hedging instrument. To support KOS trading, the JSX has developed
a new system called the Jakarta Options Trading System (JOTS), which was fully integrated with the clearing and
settlement systems. Since its launch on October 6 untill now, JOTS has achieved 99.9% system availability.
As the underlying assets for KOS, initially ive stocks were selected. These stocks were PT Telekomunikasi
Indonesia Tbk (TLKM), PT Astra Internasional Tbk (ASII), PT HM Sampoerna Tbk (HMSP), PT Bank Central Asia Tbk
(BBCA), and PT Indofood Sukses Makmur Tbk (INDF).
The selection was based on fundamental factors that included trading frequency, price volatility and market
capitalization. In the meantime, JSX’ Members also supported the launching of KOS. Until now, a total of 38 securities
companies have actively signed up as KOS Brokers.
Apart from KOS trading, on September 21, 2004, the JSX successfully completed and implemented the
enhancements on JATS Remote Trading (JATS RT). This success was relected by the fact that as of the end of 2004,
tradings executed through JATS amounted to 26.39% of total trading in the regular market.
Market surveillance is another priority in which technology plays an important role. Market surveillance on
listed companies and JSX Members is managed by the JSX on the principles of creating orderly, fair and eicient
trading activities. In this way, the JSX believes that market supervision should be preventive in nature, in order to
keep the trust of market participants. Therefore, the form of market surveillance at the JSX is a mechanism that
rely on risk management techniques.
To conduct market surveillance, the system currently used by the JSX is the Security Market Automated Research,
Training and Surveillance System (SMARTS). This system allows the JSX to quickly detect any suspicious trading
patterns and therefore, enables the JSX to promptly take the proper course of actions. In the case of suspected
violations, the JSX can take any of these actions: directly request listed companies for more information, internally
disseminate information disclosure to market participants or as the last resort, apply cooling down suspensions
(17)
on the related stocks.
Order-Driven Market and Open-Auction System
Trading in the Jakarta Stock Exchange is based on an order-driven market system. Investors must contact
brokerage companies. Trading at the JSX can only be done by JSX Members who are already registered as the
Members of the Indonesian Clearing and Guarantee Corporation (KPEI). Brokerage companies then execute their
orders. A brokerage company may also buy and sell securities using its own name as part of its investment portfolio.
Brokerage companies who are registered as Exchange Member appoint representatives to execute all orders. Those
representatives who are assigned at the exchange loor are called JATS Traders and those at the o
ice are called
Order and Trading Authorizers
. Both of these professions must be registered at the Exchange.
Using the JATS, orders are processed by computers that carry out “bids” and “asks” matching processes based on
price and time priorities. This open-auction system operates continuously during exchange hours.
Market Segmentation
Market Segmentation is based on types of instrument and settlement mechanism
Stocks and Warrants
Market
Scripless
Settlement Mechanism
Regular Market
V
T+3
Netting+Ofseting
Cash Market
V
T+0
Netting+Ofseting
Negotiation Market
V
Negotiation
Trade for trade
The Exchange Transaction settlement at the Negotiation Market shall be conducted in accordance with the
agreement between the seller and buyer of Exchange Members.
Pre-emptive Rights
Rights can only be traded during Session I of the Cash Market and the Negotiation Market.
Market
Scripless
Settlement Mechanism
Cash Market
V
T+0
Netting
Negotiation Market
V
Negotiation
Trade for trade
Trading Schedule
Trading activities on the JSX take place on days termed exchange days. Daily trading schedule are follows:
Monday – Thursday
Session I
09.30 - 12.00 JATS Time
Session II
01.30 - 04.00 JATS Time
Friday
Session I
09.30 - 11.30 JATS Time
(18)
Trading schedule for Cash Market (as of July 25, 2000):
Monday – Thursday
Session I
09.30 - 12.00 JATS Time
Friday
Session I
09.30 – 11.30 JATS Time
Auto Rejection
To limit the stock price movement, since 3 December 2001 (SE-009/BEJ/12-2001), JSX has been implementing
Auto Rejection System. This system will automatically reject stock orders if stock price luctuation has reached
certain levels.
The determination of Auto Rejection Percentage based on 5 price groups of the Regular Market Previous
Price
5 - 100
50 % from Previous Price of Regular Market
50 % from Previous Price of each market
> 100 - 500
35 %
35 %
> 500 - 2.500
30 %
30 %
> 2.500 - 5.000
25 %
25 %
> 5.000
20 %
20 %
In Corporate Action condition for 3 days after Regular Market cum, Auto Rejection refers to the Previous Price
of each market
For IPO shares, Auto Rejection Percentage is twice the normal percentage
Auto Rejection is not valid for Derivatives (Warrant and Rights)
In regular condition for the irst order, Maximum Price Movement refers to the previous price of Regular
Market
Regular Market and Cash Market
Stock trading at the Regular Market and Cash Market is based on ixed lot and ixed time of the continuous
auction market mechanism. In the Regular and Cash Markets, trades are done in “round lots”, which is the minimum
units of trades that can be executed. Currently, 1 lot is equal to 500 shares. However, trades in the Negotiation
Market can be carried out in “odd lots”
Prices resulting from orders and the continuous auction market as described above form the basis of the
regular market. The regular market is then used to calculate the indices. The prices formed in the regular market
Previous Price of
Auto Rejection Percentage
(19)
are also used as the quoted prices for the Jakarta Stock Exchange, which are distributed throughout the world.
Pre-Opening System
The trading in the Regular Market is started with the Pre-opening session every trading day. This session
allows Exchange Members to make the selling and buying orders to form the opening price. Pre-opening system
began on February 3
rd2004. For the irst stage, the priority is given to the LQ-45 stocks.
Pre-Opening Trading:
Only valid for the Regular Market
Bargaining is based on the previous price or the ofering price.
Auto Rejection system is implemented and the percentage is based on the previous price or the ofering
price.
If the Opening Price is formed:
-
The opening price on Windows Securities is not equal to 0.
-
Auto Rejection for sessions I & II is based on the Opening Price (not Previous Price)
-
Pre-Opening Orders that are not allocated and are out of the new Auto Rejection range will be withdrawn
automatically by JATS (see Auto Rejection diagram)
·
If the Opening Price is not formed:
-
The opening price on Windows Securities is equal to 0.
-
Auto Rejection for sessions I & II is based on the Previous Price
-
The status Order will remain Open and will be continued to the Trading Session I.
Began on February 1
st2006 listed companies that traded with the Pre-opening session are 66 Listed
Companies.
Terms and Conditions for Regular Market Transactions
An investor is required to fulill the following conditions to trade in the regular market:
The amount of shares, warrants and rights in a standard lot is 500 shares/warrants/rights or units
Price movements (increments) between orders:
—
Shares :
Price
Maximum Price Step
Step Value
< Rp 500
Rp 50
Rp 5
Rp 500 - Rp 2,000
Rp 100
Rp 10
Rp 2,000 - Rp 5,000
Rp 250
Rp 25
> Rp 5,000
Rp 500
Rp 50
—
Pre-emptive Rights :
Price
Maximum Price Step
Step Value
< Rp 100
Rp 10
Rp 1
Rp 100 - Rp 500
Rp 50
Rp 5
(20)
< Rp 100
Rp 10
Rp 1
Rp 100 - Rp 500
Rp 50
Rp 5
Rp 500 - Rp 2,000
Rp 100
Rp 10
Rp 2,000 - Rp 5,000
Rp 250
Rp 25
> Rp 5,000
Rp 500
Rp 50
Negotiation Market
The JSX also provides stock trading based on the negotiation between buyer and seller. The Securities
trading at the Negotiation Market is conducted through individual bid-ofer process (direct negotiation) between
the Exchange Members or clients through one of the Exchange Members or between a client and a Exchange
Member or between the Exchange Member and KPEI, which afterwards the said bid-ofer agreement shall be
processed through JATS.
The rules for both markets are as follows:
1.
Stocks traded are using per share unit.
2.
The price fraction is not applicable, but it is recommended to base transactions on the stock price at Regular
Market.
3.
The price is based on the agreement.
4.
Matched transactions do not inluence the index calculation as they do in the Regular Market.
5.
The Settlement date is based on the agreement between sellers and buyers. If there is no agreement then
it follows the rule T+3.
Settlement
When a transaction occurs, delivery and payment must be settled through The Indonesian Clearing and
Guarantee Corporation (PT Kliring dan Penjaminan Efek Indonesia/KPEI) and The Indonesian Central Securities
Depository (PT Kustodian Sentral Efek Indonesia/KSEI).
1.
Regular transactions for stock and warrant are settled on the third exchange day (T+3) after the transaction
and shall be guaranteed by KPEI.
2.
Cash Market transactions for stock, warrant and pre-emptive rights are settled on the same day of the
transaction (T+0) and shall be guaranteed by KPEI.
3.
Negotiation Market for stock, warrant, pre-emptive rights and bonds shall be conducted in accordance with
(21)
Trading Facilities
Jakarta Automated Trading System (JATS)
JSX provides 444 terminals for stock traders at Trading Floor, which are located at the Ground Floor of the
JSX Building. These terminals, called Trader Workstations or booths are connected directly to the Trading Engine
via The JSX network.
Currently, the JATS has the capacity to process up to 300,0000 orders and 150,000 transactions daily.
Transactions’ allocations are set based on price and time priority, and today, the response time to orders received
and the related transactions’ allocations is 1 second at the most. To ensure that trading activities can run smoothly,
the JSX also provides a hot backup for the current trading engine.
The phase of JATS implementation has been concentrated more on system conversion from manual to
computerized system. The JATS implementation can be divided into several stages:
1.
The integration of scripless trading with the Clearing and Guarantee System of PT. Kliring dan Penjaminan
Efek Indonesia (Indonesia Clearing and Guarantee Corporation).
2.
Launching of the Remote Trading System, where the Exchange Members can access JATS directly from their
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capacity will be based on the trend of daily transaction volumes)
Trader Workstations, that are connected to the Windows NT Network System Environment (NT Server) and
Windows NT Front-End based.
The trading system application is called The Jakarta Automated Trading System (JATS).
All Trader Workstations in the Jakarta Stock Exchange loor is connected to the Trading Engine through a
gateway machine. The Ethernet Network connects the Trader Workstation, Gateway, and Trading Engine.
All Trader Workstations on the remote site is connected to the Trading Engine through a gateway machine
JONEC at Broker’s site/ASP’s (Application Service Provider) site and JONES at JSX’s site). The WAN (Wide Area
Network) connects the JONEC and the JONES.
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Remote Trading Applications
1.
JATS Remote trading (JATS RT) at the JSX utilizes a host-to-host model, using FIX, an internationally-recognized
standards of protocol, to support the open system. In this way, JSX Members can develop their businesses
in the near future, for example, developing on-line trading. The JSX also integrated the front end of JATS RT
with the back-end application of the JSX Members.
2.
To ensure safety and availability, remote trading at the JSX is also supported by a dedicated and redundancy
link.
3.
The JSX also cooperates closely with the application service provider (ASP), to ensure that JSX Members
receive full supports and services.
Margin Trading
The JSX has implemented the regulation on Margin Trading since 1 August 1997, under the Regulation No. II-9:
1.
Margin Trading is the stock exchange transaction implemented and settled by the Exchange Member in the
interest of their customers.
2.
To implement the Margin Trading for the irst time, the Exchange Member is obligated to submit the following
documents to the JSX:
a)
A statement letter proving that they own the minimum Net Adjusted Working Capital (NAWC) of Rp
5,000,000,000,- with the monthly NAWC’s compilation report enclosed.
b)
A statement letter from the accountant (registered in the BAPEPAM) appointed by the Exchange Member
stating that the accountant has checked its books, notes and operational systems of the Exchange
Member and that it has fulilled all the requirements from the BAPEPAM’s Regulation No. V.D.3 regarding
the Internal Control and the exchange member’s accounting implementation.
c)
The sample of the margin contract between the Exchange Member and the customer.
3.
The JSX will announce the names of the Exchange Members who have fulilled the Margin Trading
requirements.
4.
The Exchange Member mentioned in the point 3 is obligated to submit the report to the JSX on the NAWC’s
position of the previous exchange day, at least 30 minutes before the beginning of the trading on the related
exchange day.
5.
The Exchange Member mentioned in point 3 is prohibited to implement the Margin Trading in the interest of
one customer, in which the Margin Trading may cause the debet balance and/or the short position of more
than 20% of the NAWC, with the rule that the total of all Margin Trading values which can be implemented
is maximum 10 times of the NAWC’s value of the mentioned Eexchange Member.
6.
The Exchange Member is prohibited to implement the Margin Trading in the interest of the Board of Directors,
Commissioners, Main Stockholders and/or the employees of the Exchange Member.
7.
The Margin Trading can be implemented by the Exchange Member only after its customer opened a
Margin Securities Account based on the margin contract between the customer and the related Exchange
Member.
8.
The margin contract mentioned in point 7 contains at least:
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on by both parties.
9.
The sanctions are prepared by the exchange for violtions of the rules.
Under the BAPEPAM rule (Kep – 09/PM/1997), the requirements of Margin Trading for the securities are as
follows:
1.
Listed in the JSX;
2.
Traded on every stock exchange day for the last 6 (six) months with an average daily value of at least Rp
1,000,000,000,-;
3.
Owned by more than 4,000 Parties for the last 6 months if the transaction causes the Short Position.
Transaction Fees
Based on an agreement, an investor has to pay a commission to the brokerage company for every transaction.
For the JSX, the commission must not exceed 1% (one percent) of the value of the transaction (buying or selling)
made by the investor.
Brokerage companies are obliged to pay the following fees:
1.
The Exchange Member must pay the transaction fees to the Exchange, KPEI and KSEI which are calculated
in accordance with the value per transaction of the relevant Exchange Member as follows:
-
0.03% of the value per transaction for transaction, clearing, and settlement of the Securities transaction
at Regular Market and Cash Market.
-
0.03% of the value per transaction or pursuant to the Exchange policy for transaction at Negotiation
Market.
-
the minimum transaction fees is Rp. 2,000,000,- per month as a contribution to the Exchange facility
provision;
-
for bond transaction, the fee is 0.005% of the value per transaction.
2.
The Exchange Member must deposit the security deposit of 0.01% of the value per guaranteed transaction
by KPEI. Guarantee Fund 0.01% is managed by PT Kliring dan Penjaminan Efek Indonesia (KPEI)
3.
The commissions and transaction fees do not include the 10% Value-Added Tax (VAT); the 0.1% Transaction
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Foreign Investor Involvement
The Jakarta Stock Exchange presents a detailed survey of market traits, particularly aimed at providing an
accurate proile of investors in the JSX. However, it can be concluded quite straightforwardly that the JSX holds
considerable attraction for foreign investors, as an average 70% of transactions involve foreigners.
Foreign investor involvement is quite dominant, despite the restriction on foreign share ownership. Until
August 1997, foreign investors might own a maximum of 49% of total listed shares. Later, in order to anticipate
the market, on 11 September 1997, the Republic of Indonesia’s Finance Minister published the Decision Letter
No. 467/KMK.010/1997 of 11 September 1997 and the BAPEPAM’s letter No. S-2138/PM/1997 stating that there
is no more buying limitation on the listed stocks in the JSX for the foreign investors, except for the banks’ stocks
that allow the maximum of 49% of the paid-in-capital. In May 1999, the Indonesian government released a new
regulation (Regulation No. 29/1999) on the (Buying of the Shares of Commercial Banks) stock purchasing of listed
banks, which is an implementing regulation of the Law No. 10/1998 on the Amendment of the Law No. 7/1992
on Banking. It regulates the portion of ownership of foreign investors, as follows:
1.
The ownership of shares of banks by foreign investors and/or foreign institutions through direct placement
or through the Stock Exchange is allowed for a maximum of 99% of the total shares.
2.
The purchase of shares by foreign investors or foreign institutions through the Stock Exchange can reach
100% of the total shares listed on the Stock Exchange.
3.
Banks can list their shares on the Stock Exchange to a maximum of 99% of the total shares.
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1. AGRICULTURE 9,819,980,658 12,507,980,658 12,579,261 17,681,023 11 CROPS
12 PLANTATION 5,000,974,293 5,000,974,293 11,914,542 16,553,332
1. Astra Agro Lestari Tbk 1 1 379.354 503.225 1,574,745,000 1,574,745,000 7,716,251 10,235,843 2. Bakrie Sumatra Plantations Tbk 1 1 169.326 391.693 2,331,000,000 2,331,000,000 967,365 2,237,760 3. PP London Sumatera Tbk 2 2 152.258 192.258 1,095,229,293 1,095,229,293 3,230,926 4,079,729
13 ANIMAL HUSBANDRY 109,198,115 109,198,115 43,508 59,219
1. Cipendawa Agroindustri Tbk 2 2 13.390 11.864 34,198,115 34,198,115 13,508 11,969 2. Multibreeder Adirama Ind. Tbk 2 2 16.667 26.250 75,000,000 75,000,000 30,000 47,250
14 FISHERY 3,767,551,250 6,455,551,250 597,654 1,044,916
1. Anugrah Tambak Perkasindo Tbk 2 2 100.000 28.333 410,450,000 410,450,000 123,135 34,888 2. Bahtera Adimina Samudra Tbk 1 1 128.000 132.000 1,756,533,500 1,756,533,500 281,045 289,828 3. Dharma Samudera Fishing Industries Tbk 1 1 33.333 38.889 928,567,750 928,567,750 55,714 65,000 4. Inti Kapuas Arowana Tbk 2 2 23.128 37.273 672,000,000 3,360,000,000 137,760 655,200
15 FORESTRY
19 OTHERS 942,257,000 942,257,000 23,556 23,556
1. Bumi Teknokultura Unggul Tbk 2 2 20.000 20.000 942,257,000 942,257,000 23,556 23,556
2. MINING 44,762,076,799 49,703,627,994 59,997,485 80,361,071 21 COAL MINING 21,708,131,850 21,708,131,850 18,894,477 23,824,162
1. Bumi Resources Tbk 2 2 44.109 48.172 19,404,000,000 19,404,000,000 14,747,040 16,105,320 2. Tambang Batubara Bukit Asam Tbk 1 1 313.043 582.609 2,304,131,850 2,304,131,850 4,147,437 7,718,842
22 CRUDE PETROLEUM & NATURAL GAS PROD. 15,406,817,127 20,342,918,322 20,173,652 27,282,121
1. Apexindo Pratama Duta Tbk 1 1 135.122 260.593 2,582,920,500 2,609,653,500 1,808,044 3,523,032 2. Energi Mega Persada Tbk 2 2 468.750 456.250 9,491,445,177 14,400,813,372 7,118,584 10,512,594 3. Medco Energi International Tbk 1 1 1,333.623 1,570.712 3,332,451,450 3,332,451,450 11,247,024 13,246,495
23 METAL AND MINERAL MINING 3,404,627,822 3,404,627,822 20,802,294 29,084,871
1. Aneka Tambang (Persero) Tbk 1 1 395.802 492.676 1,907,691,950 1,907,691,950 6,819,999 8,489,229 2. International Nickel IndonesiaTbk 1 1 536.735 806.122 993,633,872 993,633,872 13,066,285 19,624,269 3. Timah Tbk 1 1 62.759 66.552 503,302,000 503,302,000 916,010 971,373
24 LAND / STONE QUARRYING 4,242,500,000 4,247,950,000 127,063 169,918
1. Central Korporindo Internasional Tbk 1 1 1.644 2.630 3,402,500,000 3,407,950,000 85,063 136,318 2. Citatah Industri Marmer Tbk 2 2 2.105 1.684 840,000,000 840,000,000 42,000 33,600
29 OTHERS
3. BASIC INDUSTRY AND CHEMICALS 66,219,281,336 66,606,325,432 53,259,164 56,777,342
31 CEMENT 11,937,283,699 11,937,283,699 27,266,356 31,495,996
1. Holcim Indonesia Tbk 2 2 573.671 664.251 7,662,900,000 7,662,900,000 3,639,878 4,214,595 2. Indocement Tunggal Prakasa Tbk 1 1 142.000 154.000 3,681,231,699 3,681,231,699 13,068,373 14,172,742 3. Semen Gresik (Persero) Tbk 1 1 619.393 769.022 593,152,000 593,152,000 10,558,106 13,108,659
32 CERAMICS, GLASS, PORCELAIN 3,162,140,150 3,162,140,150 2,243,956 2,223,092
1. Arwana Citramulia Tbk 1 1 241.667 244.891 905,604,150 905,604,150 262,625 262,625 2. Asahimas Flat Glass Tbk 1 1 135.714 122.449 434,000,000 434,000,000 1,443,050 1,302,000 3. Intikeramik Alamasri Industri Tbk 2 2 10.667 12.000 450,000,000 450,000,000 36,000 40,500 4. Mulia Industrindo Tbk 2 2 25.887 34.238 1,323,000,000 1,323,000,000 205,065 271,215 5. Surya Toto Indonesia Tbk 2 2 96.677 112.790 49,536,000 49,536,000 297,216 346,752
33 METAL AND ALLIED PRODUCTS 1,739,796,011 1,739,796,011 1,207,164 1,417,371
1. Alakasa Industrindo Tbk 2 2 7.407 11.448 101,533,011 101,533,011 22,337 34,521 2. Alumindo Light Metal Industry Tbk 2 2 25.769 43.846 308,000,000 308,000,000 103,180 175,560 3. Betonjaya Manunggal Tbk 2 2 166.667 162.500 180,000,000 180,000,000 36,000 35,100 4. Citra Tubindo Tbk 1 1 710.399 835.764 80,000,000 80,000,000 680,000 800,000 5. Indal Aluminium Industry Tbk 2 2 13.674 15.497 158,400,000 158,400,000 23,760 26,928 6. Jakarta Kyoei Steel Works Tbk 2 2 10.000 13.077 150,000,000 150,000,000 9,750 12,750 7. Jaya Pari Steel Corp. Ltd. Tbk 2 2 102.564 92.308 150,000,000 150,000,000 120,000 108,000 8. Lion Metal Works Tbk 1 1 125.259 94.571 52,016,000 52,016,000 104,032 78,544 9. Lionmesh Prima Tbk 2 2 26.389 26.389 9,600,000 9,600,000 18,240 18,240
(27)
Number of Listed Shares and Market Capitalization
Market Cap. Industry Classiication / Stock Name Board Index Number of Listed Shares (million Rp)
2005 May-06 2005 May-06 2005 May-06 2005 May-06
10. Pelangi Indah Canindo Tbk 2 2 8.462 21.538 531,880,000 531,880,000 29,253 74,463 11. Tembaga Mulia Semanan Tbk 2 2 23.404 20.567 18,367,000 18,367,000 60,611 53,264
34 CHEMICALS 9,898,257,121 9,898,257,121 2,687,841 3,076,391
1. Budi Acid Jaya Tbk 1 1 31.667 38.333 1,231,500,000 1,231,500,000 116,993 141,623 2. Colorpak Indonesia Tbk 2 2 202.500 215.000 306,338,500 306,338,500 124,067 131,726 3. Duta Pertiwi Nusantara Tbk 1 1 152.764 151.252 154,146,702 154,146,702 155,688 154,147 4. Ekadharma Tape Industry Tbk 2 2 276.198 296.507 223,608,000 223,608,000 76,027 81,617 5. Eterindo Wahanatama Tbk 1 1 14.000 16.471 968,297,000 968,297,000 164,610 193,659 6. Intanwijaya Internasional Tbk 1 1 36.293 31.322 181,035,556 181,035,556 66,078 57,026 7. Resource Alam Indonesia Tbk 1 1 31.579 35.965 250,000,000 250,000,000 45,000 51,250 8. Sarasa Nugraha Tbk 2 2 19.124 23.677 6,020,000,000 6,020,000,000 632,100 782,600 9. Sorini Corporation Tbk 1 1 170.999 157.499 180,000,000 180,000,000 205,200 189,000 10. Unggul Indah Cahaya Tbk 1 1 106.479 124.997 383,331,363 383,331,363 1,102,078 1,293,743
35 PLASTICS & PACKAGING 8,053,803,640 8,053,803,640 1,764,441 1,664,488
1. Aneka Kemasindo Utama Tbk 2 2 27.273 25.000 230,000,000 230,000,000 13,800 12,650 2. Argha Karya Prima Ind. Tbk 2 2 68.593 61.998 680,000,000 680,000,000 353,600 319,600 3. Asiaplast Industries Tbk 1 1 25.000 20.833 1,300,000,000 1,300,000,000 39,000 32,500 4. Berlina Tbk 2 2 74.662 63.463 69,000,000 69,000,000 69,000 58,650 5. Dynaplast Tbk 1 1 283.789 202.354 314,705,440 314,705,440 361,911 258,058 6. Fatrapolindo Nusa Industri Tbk 2 2 58.889 58.889 410,200,000 410,200,000 108,703 108,703 7. Kageo Igar Jaya Tbk 1 1 68.627 71.895 1,050,000,000 1,050,000,000 110,250 115,500 8. Lapindo International Tbk 2 2 284.994 299.994 264,398,200 264,398,200 125,589 132,199 9. Siwani Makmur Tbk 2 2 21.015 21.015 92,500,000 92,500,000 15,263 15,263 10. Summitplast Tbk 2 2 109.375 184.375 835,000,000 835,000,000 146,125 246,325 11. Trias Sentosa Tbk 1 1 89.477 77.547 2,808,000,000 2,808,000,000 421,200 365,040
36 ANIMAL FEED 12,768,192,328 13,107,192,328 1,773,522 1,663,359
1. Charoen Pokphand Indonesia Tbk 1 1 138.492 158.277 1,407,669,175 1,407,669,175 443,416 506,761 2. Fishindo Kusuma Sejahtera Tbk 2 2 200.000 200.000 480,000,000 480,000,000 120,000 120,000 3. JAPFA Comfeed Indonesia Tbk 2 2 13.395 15.036 1,489,414,660 1,489,414,660 364,907 409,589 4. Malindo Feedmill Tbk - 2 - 100.000 - 339,000,000 - 298,320 5. Sierad Produce Tbk 2 2 1.000 0.389 9,391,108,493 9,391,108,493 845,200 328,689
37 WOOD INDUSTRIES 8,089,187,761 8,137,231,857 3,425,704 3,257,658
1. Barito Paciic Timber Tbk 2 2 15.278 11.944 2,617,459,794 2,617,459,794 1,439,603 1,125,508 2. Daya Sakti Unggul Corporation Tbk 2 2 44.737 44.737 500,000,000 500,000,000 85,000 85,000 3. Sumalindo Lestari Jaya Tbk 2 2 7.870 9.542 793,286,550 841,330,646 634,629 816,091 4. Surya Dumai Industri Tbk 2 2 180.000 180.000 3,166,666,667 3,166,666,667 1,140,000 1,140,000 5. Tirta Mahakam Resources Tbk 1 1 57.143 41.143 1,011,774,750 1,011,774,750 126,472 91,060
38 PULP & PAPER 10,570,620,626 10,570,620,626 12,890,181 11,978,987
1. Fajar Surya Wisesa Tbk 1 1 229.169 249.794 2,477,888,787 2,477,888,787 2,477,889 2,700,899 2. Indah Kiat Pulp & Paper Tbk 2 2 55.651 50.498 5,470,982,941 5,470,982,941 5,908,662 5,361,563 3. Pabrik Kertas Tjiwi Kimia Tbk 2 2 148.903 127.631 1,335,702,240 1,335,702,240 4,207,462 3,606,396 4. Suparma Tbk 1 1 80.689 89.654 992,046,658 992,046,658 178,568 198,409 5. Surabaya Agung Industry Pulp Tbk 2 2 16.957 16.109 294,000,000 294,000,000 117,600 111,720
39 OTHERS
4. MISCELLANEOUS INDUSTRY 51,256,693,341 50,969,333,341 57,795,604 53,283,985
41 MACHINERY AND HEAVY EQUIPMENT 385,560,000 2,024,190
42 AUTOMOTIVE AND COMPONENTS 15,875,634,074 15,875,634,074 48,427,363 46,461,960
1. Andhi Chandra Automotive Products Tbk 1 1 291.435 185.147 804,000,000 804,000,000 341,700 217,080 2. Astra International Tbk 1 1 730.591 701.940 4,048,355,314 4,048,355,314 41,293,224 39,673,882 3. Astra Otoparts Tbk 1 1 486.957 504.348 771,157,280 771,157,280 2,159,240 2,236,356 4. Branta Mulia Tbk 1 1 36.584 46.703 450,000,000 450,000,000 423,000 540,000 5. Gajah Tunggal Tbk 1 1 109.942 106.015 3,168,000,000 3,168,000,000 1,774,080 1,710,720 6. Goodyear Indonesia Tbk 1 1 640.000 664.000 41,000,000 41,000,000 328,000 340,300 7. Indomobil Sukses Internasional Tbk 2 2 68.718 44.033 996,502,680 996,502,680 1,026,398 657,692 8. Indospring Tbk 2 2 5.556 4.444 37,500,000 37,500,000 18,750 15,000
(1)
82 Tetrindo Persada Wisma Sunter Bulevar Blok C2 10th Fl. unit 04 (021) 651-5802, 651-5803
Jl. Yos Sudarso Kav. 89 Jakarta 14350 Fax. (021) 6530-2970, 323-422
E-mail : tetrindo@cbn.net.id
83 Saniangnaga Cakrawala Jl. Kakap III No. 4 A, Kelurahan Jati, (021) 471-6864
Kec. Pulogadung, Jakarta Timur 13220 Fax. (021) 470-2165
84 Berkat Mitra Handal Jl. Cikini Raya No. 91 F (021) 314-2712, 314-3420, 319-04780
Jakarta 10330 Fax. (021) 3190-4780
85 Purwa Bangun Karya Komplek Cipinang Indah II (021) 8660-7738, 862-3742
Jl. Nuri Blok HH No. 11, Jakarta 13430 Fax. (021) 862-3742
86 Estimasindo Sejahtera Jl. Salemba Tengah No. 12 A (021) 391-8783 - 85
Jakarta 10440 Fax. (021) 391-9448
87 Penilai Arta Sedaya BBD Plaza 26th Fl. (021) 390-8308 - 09
Jl. Imam Bonjol 61, Jakarta 10310 Fax. (021) 230-3987
88 Armindo Tama Perkasa Abadi Jl. Bangka II C/04 (021) 719-6924, 718-3066
Jakarta 12720 Fax. (021) 718-3066
89 Indusma Kreasi Consult Jl. Dewi Sartika No. 44 A (021) 801-0950, 809-7706
Jakarta 13630 Fax (021) 809-7706
90 Hartaagung Nilaitama Jl. Rawasari Barat I No 5
Jakarta Pusat
91 Karmindo Apprakon Jl. Kepu Barat No. 90-91 B (021) 426-6522, 424-7878, 426-4971
Kemayoran Jakarta Pusat 10620 Fax. (021) 424-0080
92 Penilai Wahana Caraka Price Water House Coopers Building 8th Fl. (021) 521-2901, 02, 03 Jl. HR. Rasuna Said Kav. C-3 Jakarta 12940 Fax. (021) 521-2911, 521-2912 93 Binamitra Consulindotama Jl. Sarono Jiwo I/11A (031) 849-2272, 849-3967
Surabaya 60290 Fax. (031) 841-1026
94 Putra Indonesia Puruhita Jl. Bangka II No.7, Pela Mampang (021) 718-2802, 7179-1686
Jakarta Selatan 12720 Fax. (021) 718-2802
95 Samalona Prima Consult Wisma Benhil 6th Fl. (021) 571-1921, 571-1922, 573-3709 Jl. Jend. Sudirman Kav. 36 Jakarta 10210 Fax : (021) 5711-922
E-mail : bismar@plasa.com
96 Puspa Buana Arta Tunas Building 2nd Fl. (021) 918-1529
Jl. Gunung Sahari Raya No. 82 Jakarta 10610 Fax. (021) 918-1529 97 Willson Properti Advisindo Wisma Nugra Santana 17th Fl. (021) 570-7170
Jl. Jend. Sudirman Kav. 7-8, Jakarta Selatan 10220 Fax. (021) 570-7177 98 Forindo Bangunkonsultan Jl. Raya Pasar Minggu Km.17 No. 12
Jakarta Selatan 12740
99 Citra Bahana Penilai Jl. Kyai Caringin 10 C (021) 632-9941
Jakarta 10150 Fax. (021) 632-9942
100 Mustika Kesuma Apresindo Jl. Kimur Raya 43 C, (021) 7179-0703
Jakarta Selatan Fax. (021) 718-2170
101 Inti Utama Cahaya Perkasa Jl. Baung No. 3 A Lenteng Agung (021) 781-5850
Jakarta 12610 Fax. (021) 782-8763
E-mail : ptiucp@indosat.net.id
102 Gandamega Serasi Jl. Ir. H. Juanda III No. 16, Ground Floor (021) 380-0834, 3511-9544
Jakarta Pusat 10120
Appraisal Companies Registered with Bapepam
(2)
Custodian Banks Registered with Bapepam
No. Company Name Address Phone/Fax
1 PT St1andard Chartered Bank Wisma Standard Chartered Bank, 2nd Fl. (021) 573-5555, 251-3333 Jl. Jend. Sudirman Kav. 33A, Jakarta 10220 Fax. (021) 571-9671, 571-9672 2 PT Bank International Indonesia Tbk Custodial Services Department (021) 230-0888
Jl. MH. Thamrin No. 51, Jakarta Fax. (021) 230-2059
3 PT Bank Niaga Tbk Graha Niaga 7th Fl. (021) 250-5151, 5252, 5353
Jl. Jend. Sudirman Kav.58, Jakarta 12190 Fax. (021) 250-5206, 250-5207
4 HSBC World Trade Centre 4th Fl. (021) 524-6222
Jl. Jend. Sudirman Kav. 29 - 31, Jakarta 12920 Fax. (021) 521-1103, 521-1104 5 Citibank N.A Citibank Tower 15th Fl.
Jl. Jend. Sudirman Kav. 54-55, Jakarta 12910
6 PT Bank Permata Tbk Permata Bank Tower 1 (021) 523-7899, 523-7999
Jl. Jend. Sudirman Kav. 27, Jakarta 12910 Fax. (021) 250-0529
7 PT Bank Central Asia Tbk Wisma BCA (021) 571-1250, 520-8650
Jl. Jend. Sudirman Kav. 22 - 23 Jakarta 12920 Fax. (021) 570-1865 8 PT LIPPO BANK Menara Asia, Jl. Raya Diponegoro 101 (021) 546-0333, 0555, 0666
Lippo Karawaci, Tangerang 15810 Fax. (021) 546-0339, 546-0601- 05
9 PT Bank Negara Indonesia Tbk Jl. Jend. Sudirman Kav. 1 (021) 251-1946
Jakarta 10029 Fax. (021) 251-1259, 251-1132
10 PT Bank Sumitomo Mitsui Indonesia Summitmas II, 10th Fl. (021) 522-7011 Jl. Jend. Sudirman Kav. 61 - 62, Jakarta 12190 Fax. (021) 522-7022
11 PT Bank Artha Graha Tbk Artha Graha Building (021) 515-2168
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta 12190 Fax. (021) 515-2162, 515-2130 12 PT Bank UOB Indonesia Menara BCD 1st - 3rd Fl. (021) 250-6330
Jl. Jend. Sudirman Kav. 26 Jakarta 12920 Fax. (021) 250-6331
13 Deutsche Bank Deutsche Bank Building (021) 331-092, 390-4792
Jl. Imam Bonjol 80 Jakarta 10310 Fax. (021) 335-252
14 ABN AMRO Bank Jl. Ir. H. Juanda 23 - 24 (021) 382-0897
Jakarta 10029 Fax. (021) 382-0897
15 PT Bank Rakyat Indonesia Tbk Jl. Jend. Sudirman No. 44 - 46 (021) 251-0244, 251-0254
Jakarta 10210 Fax. (021) 250-0065, 250-0077
16 PT Bank Mandiri Tbk Plaza Mandiri 1st Fl. (021) 526-5045
Jl. Jend Gatot Subroto Kav. 36 - 38 Fax. (021) 529-64024
Jakarta 12190
17 PT Bank Mega Tbk Wisma Bank Danamon 20th, 21st, 31st Fl. (021) 577-1010 Jl. Jend. Sudirman Kav. 45 - 46 Jakarta 12930 Fax. (021) 577-0020
18 PT Bank Panin Tbk Panin Bank Centre (021) 270-0545
Jl. Jend. Sudirman - Senayan, Jakarta 10270 Fax. (021) 270-0340, 251-2579
19 PT Bank Danamon Tbk Menara Bank Danamon (021) 577-0551 - 54
Jl. Prof.Dr. Satrio Kav. E4/6 Fax. (021) 5799-1160, 5799-1101
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Rating Agency
1
PT Peindo
(021) 527-2877
Graha Inter Nusa 3rd Fl. Suite 302
(021) 527-2878
Jl. HR Rasuna Said Kav. X-0 Jakarta 12950
E-mail: corp_com@peindo.co.id
2
PT. Kasnic Credit Rating Indonesia
Menara Rajawali, 11th Floor
(021) 576-1431
Kawasan Mega Kuningan
(021) 576-1430
JI. Mega Kuningan Lot # 5.1, Jakarta 12950
Email: info@kasnicrating.com
Securities Depository Organization
Lembaga Penyimpanan dan Penyelesaian (LPP)
A Central Securities Depository is a Person that acts as a central Custodian for Custodian Banks,
Securities Companies and others. (Capital Market Law Art. 1 Item 10)
The Indonesian Central Securities Depository
PT Kustodian Sentral Efek Indonesia (KSEI)
Jakarta Stock Exchange Building Tower I, 5th Fl.
Sudirman Central Business District (SCBD)
Jl. Jend. Sudirman Kav. 52 - 53 Jakarta 12190
Ph. (62-21) 526-6011, 526-6055; Fax (62-21) 526-6044
Ph. (62-21) 5299-1099
Fax. (62-21) 5299-1199
Clearing and Settlement Organization
Lembaga Kliring dan Penjaminan (LKP)
A Clearing Guarantee Institution is a Person that clears and guarantees the settlement
of Securities Exchange Transactions. (Art 1 item 9. of Capital Market Law)
No.
Company Name
Telephone
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Summary of JSX Financial Statement
CONSOLIDATED BALANCE SHEETS
Jakarta Stock Exchange and Subsidiaries (In Billion Rupiah)
Public Accountant : Hans Tuanakotta Mustafa & Halim
ASSETS Dec-05 Dec-04 LIABILITIES AND EQUITY Dec-05 Dec-04
Current Assets 684.55 812.19 Current Liabilities 494.71 683.21
Reserve Fund for settlement
of securities transactions 6.95 6.95 Non-current Liabilities 9.08 7.18
Defered tax assets 3.71 4.57
Investment in Shares of Stock 5.73 5.73 MINORITY INTEREST IN NET ASSETS
OF SUBSIDIARY 8.32 5.42
Fixed Assets - Net 37.13 34.93 STOCKHOLDERS’ EQUITY
Capital Stock 11.82 11.82
Retained Earnings 228.00 170.55
Other Assets 5.23 6.90 Total Equity 236.46 180.27
Total Assets 748.56 876.10 Total Liabilities and 748.56 876.10
Stockholders’ Equity
CONSOLIDATED STATEMENTS OF PROFIT AND LOSS
(In Billion Rupiah)
REVENUES AND EXPENSES Dec-05 Dec-04
Operating Revenue
Transaction Fees 114.48 73.47
Clearing Fees 73.65 51.49
Listing Fees 27.36 28.20
Information Services Fee & Others Facilities 14.22 12.96
Total Operating Revenue 229.70 166.12
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