JAKARTA, July 10 (Xinhua) -- President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, expressed confidence on Thursday that the bourse will meet its target of 66 new listings this year, pushing the total number of listed companies to over 1,000.
Currently, 956 firms are listed on the IDX.
Iman highlighted that the second half of the year presents strong momentum for setting new records. "I am optimistic the target will be achieved," he said.
I Gede Nyoman Yetna, director of company assessment at the IDX, added that many firms had updated their financial reports in the first half of the year and would soon proceed to submit their initial public offering (IPO) documents to the Financial Services Authority and the IDX.
"We are still reviewing and waiting for the financial reports to be submitted, particularly those using the June financial statement. The companies are currently preparing them," Nyoman said.
Drawing on data from the past two years, Nyoman noted that around 45 to 47 companies typically update their financial reports by June to complete their IPO documentation.
So far, 22 companies have been listed on the IDX since the beginning of this year, according to the exchange. ■
