Indonesia Market Report Asia Securities Forum 2016 Susy Meilina & Wientoro Prasetyo Chairperson of APEI (Indonesia Securities Association)
Indonesia Market Report Economic Performance Capital Market Performance Stock Market Bond Market Mutual Fund Market Regulatory/Market Developments
Economic Performance Indicator 2010 2011 2012 2013 2014 2015 Oct- 2016 GDP Growth Rate (% y-o-y) 6.22 6.17 6.03 5.57 5.02 4.79 5.02 Export (Billion USD)* 157.8 203.5 190 182.5 175.9 150.3 104.4 Import (Billion USD)* 135.7 177.4 191.7 186.6 178.2 142.6 98.7 Surplus (Billion USD)* 22.1 26.1-1.7-4.1-2.3 7.7 5.7 Exchange Rate - End Period (IDR/USD) 8,991 9,068 9,670 12,250 12,436 13,794 13,051 Forex Reserve (Million USD) 96.2 110.1 112.8 99.4 111.9 105.9 115.0 Unemployment Rate (%) 7.1 6.6 6.1 6.2 5.9 6.2 5.6 * Export, Import, & Surplus data as of Sept 2016
Stock Market Performance Description 2012 2013 2014 2015 Oct-16 Trading Value (Billion USD) 119.02 147.83 122.79 112.57 96.95 Average Daily Trading Value (Rp billion) 4,537.05 6,238.21 6,005.75 5,763.78 6,495.72 Composite Index ~ Close 4,316.69 4,274.18 5,226.95 4,593.01 5,409.24 Listed Issuers 459 483 506 521 535 Market Capitalization (Billion USD) 426.8 343.8 420.4 353.2 449.23
MARKET CAP USD Billion 700 Singapore Indonesia Thailand Malaysia Philippines Vietnam 600 500 400 CUMA 300 200 100 0 Source: Bloomberg RISIK 2011 2012 2013 2014 2015 Oct-16 2011 2012 2013 2014 2015 Oct-16 JUGA 1 Japan 3,502.10 3,638.62 4,599.29 4,441.35 5,029.96 6,576.15 2 Australia 1,185.38 1,360.03 1,315.31 PERLU 1,224.41 1,071.92 5,217.62 3 China 2,703.72 2,996.16 3,360.48 4,965.32 7,091.93 1,151.39 4 Singapore 464.41 600.49 578.08 570.64 463.46 477.43 5 Indonesia 382.32 426.92 346.47 421.97 350.12 449.28 6 Thailand 266.16 382.75 345.12 415.79 332.94 405.58 7 Malaysia 394.78 465.17 497.99 452.66 377.12 388.42 8 Philippines 154.31 222.83 213.36 256.80 234.93 251.69 9 Vietnam n.a. n.a. 45.66 54.20 60.42 74.23 CALL CENTER : 1 500 899
Global Indices YTD, 1 Nov 2016 CUMA RISIK JUGA PERLU OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899
GlOBAL MARKET CAPITALIZATION 74,191 67,223 CUMA H1-2015 H1-2016 USD Billion Indonesia -9% 30,236 29,143-4% 27,318-15% 23,250 RISIK 16,636 14,829-11% PERLU JUGA 375 +9% 409 Kapitalisasi Pasar Saham Global Amerika Asia Pasifik EMEA Global Amerika Asia Pasific EMEA H1-2015 H1-2016 Sumber : Statistik WFE, Laporan WFE Working Committee July 2016 FOCUS Report OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899
Market Capitalization and Trading Value By Industry As of 21 October 2016 Market Capitalization Finance (1,438 T) 24.8% Trade, Services & Investment (61 2 T) 1 0.6% 23.6% 1 2.5% Agriculture (1 32 T) 2.3% Infrastructure, Utilities & Transportation (750 T) 1 2.9% 1 3.1 % Trading Value 4.5% 6.1 % 6.1 % 4.3% 6.7% Mining (251 T) Basic Industry And Chemicals (388 T) Property And Real Estate (452 T) 7.8% 1 7.3% 23.8% 9.6% 7.2% 6.8% Miscellaneous Industry (396 T) Consumer Goods Industry (1,377 T)
Listed Companies 2010 September 2016 2 CUMA Domestic Foreign 869 8 490 16 RISIK 7,664 4,319 3,522 2,952 2,124 1,997 1,946 1,833 894 120 India US Japan China UK Korea Australia 97 Hong Kong JUGA PERLU 10 Malaysia 282 648 535 481 262 Thailand Indonesia Singapore Philippine 3 OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899
AVERAGE DAILY TRADING VALUE USD Million 1600 Thailand Singapore Malaysia Indonesia Philippines Vietnam 1400 1200 1000 CUMA 800 600 400 200 0 RISIK 2011 2012 2013 2014 2015 Jan-Oct '16 OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899 JUGA 2011 2012 2013 2014 2015 Jan-Oct '16 1 China 11,631.37 9,749.30 16,212.22 24,248.80 PERLU 80,373.97 78,666.36 2 Japan 16,211.80 13,964.09 25,734.40 22,311.01 22,707.77 21,116.89 3 Australia 4,748.84 3,699.56 3,484.41 3,192.93 3,146.07 3,642.75 4 Thailand 912.32 963.37 1,534.79 1,282.41 1,175.95 1,401.89 5 Singapore 1,126.95 1,020.14 1,119.23 830.76 820.21 763.31 6 Indonesia 443.00 384.49 475.29 392.43 318.34 486.09 7 Malaysia 554.90 507.48 598.68 622.26 504.52 454.27 8 Philippines 111.51 142.55 192.84 175.84 165.34 113.76 9 Vietnam n.a. n.a. 41.72 88.99 76.82 111.59 Source: Bloomberg
IPO Global World IPO 547 11 CUMA 8 8 Jun-15 Jun-16 8-74% 5 5 RISIK 4 6 6 141 1 1 PERLU JUGA 1 2 Ytd Jun- 2015 Ytd Jun- 2016 Bursa Malaysia Sumber : Statistik WFE, Laporan WFE Working Committee July 2016 FOCUS Report Indonesia Stock Exchange Philippine Stock Exchange Singapore Exchange* Stock Exchange of Thailand OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899
Number of Investor and Average Daily Trade (Million USD) Average Daily Trading Number of Investor 700.00 600,000 519,160 600.00 500.00 364,465 434,107 500,000 400,000 400.00 321,521 293,973 281,256 320,506 300,000 300.00 200.00 200,000 100.00 100,000 0.00 529.70 568.84 483.83 605.86 507.41 461.35 489.62 2010 2011 2012 2013 2014 2015 2016 -
Investors Stock Trading 42.54% 42.03% 40.58% 43.21% 37.32% Foreign 57.46% 57.97% 59.42% 56.79% 62.68% Domestic 2012 2013 2014 2015 Oct-16
Investors Stock Ownership 58.79% 62.94% 64.49% 63.79% 64.38% Foreign 41.21% 37.06% 35.51% 36.21% 35.62% Domestic 2012 2013 2014 2015 Oct-16
Bond Trading Activities Corporate Bond Government Bond Outstanding Daily Average Volume Transaction Outstanding Daily Average Volume Transaction Year IDR Denominated USD Denominated Volume IDR USD Denominated Denominated Freq. Year IDR Denominated USD Denominated Volume IDR USD Denominated Denominated Freq. (Million USD) (Million USD) (Million USD) (Million USD) (X) (Million USD) (Million USD) (Million USD) (Million USD) (X) 2005 5,951.57 105.00 11.37 0.02 21 2005 41,201.44 N/A 272.11 N/A 100 2006 6,717.27 105.00 14.98 0.01 11 2006 45,730.04 N/A 323.03 N/A 134 2007 8,650.04 105.00 30.49 0.04 63 2007 52,264.52 N/A 477.99 N/A 227 2008 7,527.58 N/A 22.38 0.07 50 2009 8,556.30 N/A 15.46 N/A 41 2010 12,761.93 N/A 40.10 N/A 61 2011 16,189.75 80.00 56.04 0.36 73 2012 19,702.55 100.00 67.76 0.11 103 2013 17,977.18 100.00 61.41 0.07 81 2014 18,163.40 100.00 55.35 0.04 91 2015 18,290.29 100.00 55.30 0.03 91 2016 * 21,763.08 50.00 68.61 0.03 100 2008 54,200.43 N/A 401.12 N/A 206 2009 55,991.34 N/A 318.13 N/A 218 2010 70,641.18 N/A 638.51 N/A 329 2011 78,910.58 N/A 867.01 N/A 433 2012 85,311.49 N/A 843.82 N/A 552 2013 81,112.47 190.00 619.57 0.09 492 2014 97,294.95 540.00 935.13 0.61 653 2015 103,377.85 1,040.00 1,001.98 6.07 691 2016 * 132,526.39 1,240.00 1,120.36-895
Bond Ownership Distribution September 2016 (in Trillion IDR) Corporate Bond Ownership Individual Corporate 6.98 8.90 2.46% 3.1 3% Others 1 0.37 3.65% Foundation 3.67 1.29% Securities Company 0.79 0.28% Others 1 02.90 5.88% Government Bond Ownership Mutual Fund 78.51 4.49% Pension Fund 81.75 4.67% Individual 46.56 2.66% Insurance 48.98 1 7.23% Mutual Fund 72.94 25.66% BI 1 58.66 9.07% Foreign 684.98 39.1 6% Financial Inst 60.62 21.33% Pension Fund 70.98 24.98% Insurance Company 227.38 1 3.00% Bank 368.63 21.07% Source : Indonesia Central Securities Depository (KSEI) Source : Indonesian Debt Management Office (DJPU)
Mutual Fund (AUM) Rph Trillion 293 299 302 309 315 323 277 285 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
Mutual Fund - Asset Allocation 0.99% Sharia-Equity $0.34 B 1.41 % Sharia-Protection $0.1 3 B 0.54% ETF-Equity Sharia-Mixed $0.08 B ETF-Fixed Income 0.35% $0.24 B Mixed $1.67 B 6.97% $0.1 1 B 0.45% Sharia-Money Market $0.07 B 0.28% ETF-Index $0.01 B 0.05% Index $0.06 B 0.27% Sharia-Fixed Income $0.1 1 B 0.44% Sharia-Index $0.03 B 0.1 3% Money Market $2.33 B 9.75% Equity $8.22 B 34.39% Total Net Asset Value (NAV) 29 July 2016: USD 23.9 Billion Fixed Income $5.04 B 21.1 1 % Capital Protection Fund $5.47 B 22.87%
Regulatory/Market Developments TICKER PRICE MINIMUM BROKERAGE FEE INDONESIA GMRA STRENGTHENING BROKERS S-INVEST E-VOTING TAX AMNESTY - Recognition by Regulator - Authority to Execute Continuous Education for BoD and BoC
5 Type of Assets Declared in the Tax Amnesty Rp trillion, per 30 September 2016 No Type of Assets On Shore Declaration Repatriati on Off Shore Declaration Total Amount Declared 1 Cash and Equiv. 280.72 1,376.48 38.0% 999.02 96.74 CUMA 2 Marketable Securities and Investment 3 Fixed Assets (land, properties) 4 Receivables and Inventories 5 Precious Metals and other liquid assets 573.08 18.4 424.55 1,016.03 28.0% RISIK 380.84 2.13 185.36 568.33 15.7% JUGA PERLU 397.92 19.68 54.78 472.38 13.0% 137.27 0.04 4.66 141.97 3.9% OFFICIAL GATEWAY - PENERIMA HARTA REPATRIASI AMNESTI PAJAK CALL CENTER : 1 500 899