The Indonesia Stock Exchange (IDX) recommends 19 securities companies and 18 investment managers to become gateways and to manage repatriation of tax amnesty. Repatriated funds inflow is predicted to boost IDX’s market capitalization, increase transaction liquidity and add bourse members’ revenue from transaction fees.
IDX’s President Director Tito Sulistio said that repatriated funds resulted from tax amnesty will enter equities, bonds and other investment instruments. Incoming funds will be locked for three years in Customer Fund Account (RDN). “Impact from repatriation of funds will boost the bourse’s market cap to Rp 6,000 trillion; hopefully it is achievable by the year end,” Tito said. As of last weekend, IDX’s market capitalization has reached Rp 5,490 trillion.
IDX’s Corporate Evaluation Director Samsul Hidayat said that the recommendation is based on several criteria, including financial capability, track record, capacity, companies’ ability in handling customer fund and compliance to existing regulations. For securities companies, they must have minimum Net Adjusted Working Capital (MKBD) worth Rp 75 billion.
Securities Companies recommended by IDX are:
1. PT Mandiri Sekuritas
2. PT BNI Securities
3. PT Danareksa Sekuritas
4. PT Panin Sekuritas Tbk (PANS)
5. PT Sinarmas Sekuritas
6. PT Bahana Securities
7. PT CLSA Indonesia
8. PT KDB Daewoo Securities Indonesia
9. PT RHB Securities
10. PT Trimegah Securities Tbk (TRIM)
11. PT MNC Securities
12. PT CIMB Securities
13. PT Indopremier Securities
14. PT UOB Kay Hian Securities
15. PT Sucorinvest Central Gani
16. PT Danpac Securities
17. PT Pratama Capital
18. PT Panca Global Securities Tbk (PEGE)
19. PT Mega Capital
The designated investment managers are:
1. PT Mandiri Manajemen Investasi
2. PT Bahana TCW Asset Management
3. PT Danareksa Investment Management
4. PT Schroder Investment Management Indonesia
5. PT Syailendra Capital
6. PT PNM Investment Management
7. PT Eastspring Investment
8. PT Manulife Aset Manajemen Indonesia
9. PT BNP Paribas Investment Management
10. PT Batavia Prosperindo Aset Manajemen
11. PT Panin Asset Management
12. PT Ashmore Asset Management
13. PT Sinarmas Asset Management
14. PT Ciptadana Asset Management
15. PT Bowsprit Asset Management
16. PT Indosurya Asset Management
17. PT Trimegah Asset Management
18. PT BNI Asset Management
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