Financial Statement Indonesian Stock Exchange

Indonesian Capital Market Directory (ICMD)

2009-05-13T17:03:00.018+07:00

We've collected various data about stock market in Indonesia and now, we are offering to you, who need for your research or your investment consideration.

We offer company financial statement that listed in Indonesia Exchange on Indonesia Capital Market Directory (ICMD). The newest ICMD, namely ICMD 2008 contain company financial statement from 2005, 2006 and 2007, in example:

1. Head office
2. Company History
3. Company Financial Ratio
4. Stock Ownership Proportion
5. Auditor
6. Commissioners and Directors
7. Numbers of employee
8. Numbers of Stock
9. Closing Price
10. and others important information

For further information, please download this sample (pdf format)

ICMD Sample

Do you interest?? Well, we also give you company ranking by category, about, Total Assets, Shareholder’s Equity, Liabilities and Net Profit/Loss. Want you see??? Here that (pdf format)

Ranking Sample

We are not offered you company by company, because there are 393 companies that listed in Indonesia Stock Exchange (IDX). So, we are offered $40 for all companies. Only $40 and you will get 393’s important information about Indonesia Stock Exchange.

$40 (Forty Dollars) for ICMD 2008
(contains financial statement 2005, 2006 and 2007)

Sometimes we need financial statement from past years, so we are also offered

ICMD 2007 (2004, 2005 and 2006) $35

ICMD 2006 (2003, 2004 and 2005) $30

ICMD 2005 (2002, 2003 and 2004) $25

ICMD 2004 (2001, 2002 and 2003) $20

If you’re confused, we give you information that company financial statement in 2006 from ICMD 2008 is same with company financial statement in 2006 from ICMD 2007. And, of course, company financial statement in 2005 from ICMD 2008 is same with ICMD 2007 and ICMD 2006. So, if you want to know data in 2005, 2006 and 2007 you can to order ICMD 2008 only.

Again, if you want to order ICMD 2003, ICMD 2002 and ICMD 2001, we give you special price by $20. Yes, only $20 for three products ICMD.

And the last, if you want to order all of ICMD in our database, we give you very special order by $99.

$99 for ICMD 2001 – ICMD 2008

You can transfer by www.paypal.com with email account joni_krist@yahoo.co.id (Joni Kriswanto). Please inform us about your transfer and we will send by email the URL that contain file that you order. So don't forget to inform your email address to us.

You can use comment in the bottom of this blog or you can email us (English and Indonesia language support only) for further information.

We will response your order by 1 or 2 days ignoring Saturday and Monday.

Best Regards

Joni Kriswanto
joni_krist@yahoo.co.id
Jl. Lamongan Raya No. 33
Sampangan Semarang 50236 Indonesia
For further information please contact us (Indonesian and English support only)
62-24-70330173
(01:00 GMT to 11:00 GMT)

Indonesia Capital Marked Directory (ICMD)

2008-12-09T17:06:00.002+07:00

We offerIndonesia Capital Market Directory (ICMD) that contain financial statement all of company that listed in Indonesia Exchange (IDX).

ICMD 2008, contain financial statement 2007, 2006 and 2005 ($40)
ICMD 2007, contain financial statement 2006, 2005 and 2004 ($35)
ICMD 2006, contain financial statement 2005, 2004 and 2003 ($30)
ICMD 2005, contain financial statement 2004, 2003 and 2002 ($25)
ICMD 2004, contain financial statement 2003, 2002 and 2001 ($20)
and
ICMD 2003, 2002 and 2001 ($20)
If you order all of ICMD, we offer special price $120.

Please order by write comment at the bottom of blog or via email to joni_krist@yahoo.co.id

Best regards

Barack Obama and Stock Market

2008-11-06T22:19:00.001+07:00

Historically, is is not unusual for the stock market to slide after the election of a Democratic president. The fact that it was the biggest slump ever after an election has to be taken in the context of an extremely volatile market in Indonesia.

On the previous day, we also saw a record surge in the market for a presidential election day.

There was a bad report on jobs and service industries, but it’s really hard to analyze what happened between these two days. Most of this volatile activity is due to day and swing traders who often trade according to patterns on charts or graphs known as “Japanese candlesticks.” There may be little actual relationship to the election itself.

Americans generally turn to the Democrats during tough economic times. The best example of this was during the Great Depression. Bill Clinton also appeared to have benefited from the recession that hit during George H.W. Bush’s term. There appears to be a general perception that Democrats will do more to help struggling workers and families, and those who are down and out.

STOCK MARKET HISTORY

2008-10-30T10:17:00.000+07:00

Here, we are revealing a brief history about Indonesia Stock Exchange from the beginning. First period is from 1912 until 1942, 1952 until 1977, 1977 until 1988, 1988 until 1997, 1997 until 2007 and the last periode between 2007 and now.

a. 1912 - 1942
Vereniging voor Effectenhandel build on December 14, 1912. After World War I, stock market in Surabaya, Indonesia start at January 1925 and in Semarang at August 1925. Almost company that sell their stock are from Dutch that member of Dutch East Indies Trading Agencies. The trading was close in 1942 when Japanese conquer Indonesia.

b. 1952 -1977
After Japanese left Indonesia, at September 1, 1951 Indonesian Government declare Undang-undang Darurat number 12 that become Undang-Undang Nr. 15/1952 about stock market. Finnaly, Bursa Efek Jakarta/BEJ (Jakarta Stock Exchange/JSX) launc at June 3, 1952.
JSX have purpose to facilitate government obligation that release before. Another purpose are prevent capital flight from Dutch company that traded in JSX before. The effect of conflict between Indonesia and Dutch about Irian Barat, all of Dutch company no longer trade in JSX after 1960.

c. 1977 – 1988
By Keputusan Presiden Nr. 52/1976, Badan Pembina Pasar Modal had build and become starting point new period. Presiden Soeharto acknolegde Bursa Efek Jakarta (Jakarta Stock Exchange) at August 10, 1977 and the first company that listing their share is PT Semen Cibinong at June 6, 1977. There were no much company that interest to trade their share, and until 1988 only 24 companies that listed their share.

d. 1988 – 1997
Only in three years, between 1988 – 1990 there were many company began listed their share. In the end on 1990 there were 127 companies that listed their share ant in 1996 become 238 companies. In this period, Initial Public Offering (IPO) are national event. This event caused by: request from foreign investor, regulation to increase export in Indonesia except mining and generation change from family business to profesional business.
In this periode Surabaya Stock Exchange (Surabaya Stock Exchage/SSX) build at June 16, 1989. SSX trade only obligation and after 1989 there were 340 obligation that trade in SSX. In 1995, JSX and SSX use high technology so all of transaction use automated namely Jakarta Automated Trading System (JATS)

e. 1997 – 2007
Indonesia have crisis global in 1997 and many company were collapse. Until ten years then, there are many change in JSX.

f. 2007 -
In 2007, Jakarta Stock Exchange and Surabaya Stock Exchange are merge become Indonesia Stock Exchange (IDX) or Bursa Efek Indonesia (BEI).

ABNORMAL RETURN USING EXCEL

2008-10-27T22:46:00.001+07:00

Here, we show you how to count abnormal return by market-adjusted model using Microsoft Excel. By simply, market adjusted model assumes that the best estimator to estimate return expectation is composite index return in current period. If you receive return less that average return in market, actually you gain negative return, or you don’t get profit.

So, we can to count abnormal return by three steps, first, we count return actual, second we count actual expectation by composite index and the third step is count difference between return actual and actual expectation. Or,

AR = Ract – Rexp

AR (Abnormal return), Ract (Return actual), Rexp (Return Expectation).

Return actual and return expectation that count by formula:

R = (Pt - Pt-t1)/(Pt-1)

R (Return, actual or expectation), P (Price, actual or expectation), t (period)

We can see, that formula can be solve using Microsoft Excel like we have explain before in how to count actual return using Microsoft Excel.

Stock Market Basics

2008-10-25T23:51:00.000+07:00

A company that need capital can be sell share di stock market. Share stock that issued by company are trade in primary market. Share stock offer to public by initial public offering (IPO) or share addition if the company being go public. Then, these share that be trade can be sell in secondary market. Another type in stock markets is third market and fourth market. Third market is share market when secondary market closes. Third market operates by brokers who facilitate buyer and seller to meet when secondary market is closed. Fourth market is share market between big institutions to ignore commission for broker. Fourth market generally use communication channel to trade share stock in big volume

STOCK MARKET FOR BEGINNER

2008-10-23T22:22:00.000+07:00

We can define stock market simply as a place where buyers and seller met. You can imagine a super market or a shop that there are transaction between buyer and seller. The buyer need some goods for themselves, and the seller provider goods with little profit, and cause there are many buyer, so become big profit. Actually, the buyer also have profit when they lost their money and change with goods that needed for them.
Stock market just like the same. Imagine, you want to build the company that very you desire all your life. You believe that you can manage this company with your skill and you trust that you can make earnings. But there a little problem that barrier, is, you do not have money to build your company. Or you have a company and want to expand your market share, but you have not enough money. So what do you want to do?? In many case, you can borrow money, from your friends, your family, or if you were lucky, you get lottery.
Fortunately, there are another way to solve your problems. You can get money from people, even you don’t know before from stock market. Stock market can be bridge from the company and the people who have a more money but, maybe, have no time to manage the company, or the others reason, so they just put their money to one company. Of course, the company have agreement, to give their earnings to them.
The mechanism and the rule stock market are different from one country to the others country. But actually, stock market become mediator between people who have a lot of money with the company that need money to maintain their operational or expand.

Abnormal Return

2008-10-22T23:57:00.000+07:00

Abnormal return is surplus from actual return to normal return, or difference between normal return with actual return. Abnormal return respect how many profit that received by investor. For illustration, if actual return is 10% but normal return is 15%, the abnormal return is minus 5% (10%-15%). Means, that share do not give profit to investor. On the other hand, when actual return is -5% and normal return is -10%, the investor have earning 5% ((-5%) - (-10%)) because have more little lost that lost of normal return.

The most important thing that we concern in how to count normal return because approach to count market return have significant effect to abnormal return. There are three method to count normal return: mean-adjusted model, market model and market-adjusted model.

1. Mean-adjusted model
This method assume that expectation return have constant value that equal with average of previous actual return in estimation period. Estimation period is period before event period, and event periode is observation periode or event window, period that around the event. We just count return actual in each period in estimation period than count the average. So, abnormal return count by: return actual minus return expectation.

2. Market model
This model have two step: (1) make expectation model by realization data in estimation period; (2) use expectation model to estimate expectation return in window event. Expectation model can be construct by ordinary least square (OLS). The dependence variable is realization return, and the independence variable is market return (from composite index). By OLS we can find intercept and slope that used to count abnormal return with the same equation that construct in expectation model.

3. Market-adjusted model
This method assume that the best estimator to estimate return is composite index return in current period. By this model, we needn’t use estimation period to construct model because return that estimate is equal to composite index return.

Suspend in Indonesia Stock Exchange

2008-10-13T19:12:00.002+07:00

Indonesia stock exchange (Bursa Efek Indonesia/BEI) suspend by government at October 10, 2008. This policy has taken cause composite index (IHSG) drop more 20%. Based on theory, we can see that return extreme just more 5% in a day. Investor were panic when heard negative issue about American Economic and sell their stock at any cost. By suspend trading in IDX, we hope stock trading in Indonesia can be stable.

In this recent years, performance IDX are very impressive. Is Asia, performance IDX are include the big five and composite stock index increase very-very good. But, the performance did not match with economic growth in Indonesia. The government should be study it, and refers to history economic in Indonesia. In 1995, some of expert economy in Indonesia, i.e. Kwik Kian Gie, Rizal Ramli and Syahrir, ever said that economic growth in Indonesia (about 1990s) are very risky because did not balancing with growth economic in base level. That growth is likely to die in a minute, and we see, in 1997 Indonesian economic were collapse.

And now, is happen again. In this time, performance in IDX, that very impressive, actually did not reflect to Indonesia economic. Maybe, just there a money that drop in for a while in IDX. So, that money just take a holiday in IDX, not invested by investor. Now the investor need more money to saving their assets in America, so, the take their money from IDX and stock composite index become drop down.

In China, that a regulation to control ownership of the company. Foreign investor forbid to have ownership more than 50%. So, they put and take their money controllable. In Indonesia, there are not regulation like this, so foreign investor have access to ownership more 50% (majority). In fact, they can to put or take their money uncontrollable, and the result, we can to see now in IDX.

TO COUNT ACTUAL RETURN USING EXCEL

2008-09-25T19:03:00.003+07:00

HOW TO COUNT ACTUAL RETURN USING EXCEL

Many programme package that compatible to market stock purpose. In this article, we want to show you something else. We offer Microsoft Excel as tool that very useful for market stock purpose. Here, we show you how to count actual return by Microsoft Excel.

Open Microsoft Excel
Please write closing price t in one of cell in worksheet, for example in cell C4
Write closing price t – 1 (one day before period t) in cell B4
Then write this =(C4-B4)/B4 in cell E4
If you do right, you’ll see like this:

So if you entry closing price 1100 in C4 and 1000 in B4, Microsoft calculate that return stock in periode t is 0,1 that means, investor receive return 10 persen in periode t.

You can copy that formula, by Ctrl+C and pasting to another cell that you want by Ctrl+V. You can to count actual return many stock as you want.

Annual Report

2008-08-14T00:44:00.001+07:00

ANNUAL REPORT

Annual report must publish by every emiten that listing in IDX. There are different between annual report and ICMD, where ICMD only content financial ratio, information about board of directors, board of commissioners, closing price and other information. Annual report content of all about company activity in a year, hence in this site, for a while, do not provide information that publish in annual report. So sorry, but in the future we will develop this site and can provide all data about Indonesia stock exchange.
Thank you.

Stock Price

2008-08-14T00:43:00.000+07:00

STOCK PRICE

You can receive stock price from http://www.idx.co.id and you also see the stock price in http://www.yahoo-finance.com. But, like our description before, that data feature by company in some days period. We are provide data of stock price using Microsoft Excel, so easier to analyst by some statistical package. Please tell me about your data of stock price that you need, and we will send your data require as soon as possible.
Thank you.

Financial Ratio

2008-08-14T00:41:00.000+07:00

FINANCIAL RATIO

There is variation the financial ratios provided for banks, insurance companies. All ratios are computed in line with definitions commonly used for respective industry, some of which are self-explanatory such as debt to equity to total assets. Others are also in conformity with commonly used ratios which for clarity are defined below.
PER : price earnings ratios or closing share price at the end of respective financial statement period divided by earning share.
PBV : price book value or closing share price at the end of respective period divided by equity per share.
Dividend pay out : dividend per share divided by earnings per share.
Dividend yield : dividend per share divided by closing share price at the end of respective period.
ROI (Return on Investment) : profit after tax divided by total assets.
ROE (Return on Equity) : profit after tax divided by equity
Current ratio : current assets divided by current liabilities.
Leverage ratio : total debt divided by total assets.
Gross profit margin : gross profit divided by net sales.
Operating profit margin : operating profit divided by net sales.
Net profit margin : profit after tax divided by net sales.
Total assets turnover : net sales divided by end of period total assets
Inventory turnover : cost of good sold divided by end of period inventory.
Expense ratio : operating expense divided by premium received.
Loss ratio : claim paid divided by premium received.
Solvency ratio : equity divided by net premiums (premiums after deduction of premiums for reinsurance).
Cash and banks to demand deposits : cash, Bank Indonesia and other banks divided by demand deposits.
Cash and cash to total deposit : cash, Bank Indonesia and other banks divided by demand deposits.

Why use this blog

2008-08-12T22:49:00.008+07:00

WHY USE THIS BLOG?

If you are writing your thesis or research report about financial topic, you need data about financial ratio belong to many company. If your title research, for example, “The Effect of Current Ratio (CR) and Debt to Equity Ratio (DER) to Earning Per Share (EPS); you need data about CR, DER and EPS. Data that provide by http://www.idx.co.id like this:

Example data from idx

You can see that there are data about CR, DER and EPS in that ICMD, but only one company. If your company samples are 100 companies, you must to download 100 ICMD from that site and you have to input data one by one to your spreadsheet. Aren’t you???? Another alternative is buy Indonesia Capital Market Directory (ICMD) book or download like this:

Data from Indonesia Capital Market Directory

After that, you must input data one by one from those resources. But, do you have a lot of time???

So, we are providing data that properly to your need. Our data use Microsoft Excel and featured by financial ratio. So you needn’t download 100 times to fulfil your research data. This data that provide by us:

Example data in this site by Excel

You can see, that data from us content CR, DER, and EPS from many companies that completely your research. Just one single simple download and you get all of your research data. So, what are you waiting for? Please tell me about your data that you need by send your comment. We do take a greatest talent to your satisfaction. Your comment will be answered by us in 1 or 2 days depend on our activity (Saturday and Monday are exclude).

Thank you.

Introduce

2008-08-12T22:29:00.002+07:00

INTRODUCE

Indonesia Exchange (IDX) is market exchange Indonesia that builds by merged between Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange (SSX). IDX are stock trade centre in Indonesia and also selling another bond obligation. IDX’s Website is http://www.idx.co.id that contains all about stock trading, provide financial report data and company financial ratio that listed.
This blog substitute that site with another advantage that do not provide on that site. Data that provide on that site using pdf format (Acrobat readers) and featured by company. This blog offer data use Microsoft Excel and featured by financial ratio. So, data in this blog are useful to anyone that needs IDX data for study or research. We are also offer consultation to anyone who has any question about your research. Hence, content that provide in this blog are not properly to investor or investment analyst.
For further detail information, please browse this blog. Enjoy yourself.