Foreword from Chairman of Indonesia Public Listed Companies Association (AEI)

Ir. Airlangga Hartarto, MMT., MBA In the end of October 2012, the Jakarta Composite Index at the Indonesian Stock Exchange amounted to 4,350.29. That level is better than that of in the beginning of January 2012 amounting to 3,857.88. it means a 12.7-percent increase. If compared to the index as of in the beginning of June 2012, the level has increased by 9.98 percent. This positive trend is also supported by the dynamics of Jakarta Composite Index that always tend to be stable and enhance. The index always ranges from 3,600 to 4,300. This situation reveals that investors are still interested in Indonesian economy while there are no signs of the worlds economic crisis due to European countries debt crises. There are significantly plenty of new companies listed at the Indonesian Stock Exchange in 2012. By mid November 2012, there have been 20 companies making Initial Public Offering (IPO) at the Indonesian Stock Exchange such as PT Minna Padi Investama, PT Tiphone Mobile Indonesia, PT Surya Esa Perkasa, PT Bekasi Fajar Industrial Estate, PT Supra Boga Lestari, and PT Trisula International. We have targeted that by the end of 2012 Initial Public Offerings will have been made by 25 issuers and the target will likely be met since there will be 5 other companies predicted to be able to make Initial Public Offerings by the end of 2012. This conducive situation shows that Indonesia stock market made a lot of positive progrese in 2012. Although affected by the impacts of economic crisis in Europe, Indonesia stock market is still an appropriate choice for many investors not only for the investment sake but also for the sake of companys working capital. Indonesian stock market has proven to contribute to Indonesian economy especially for funding the real sectors. As the coordinating institution for all the companies listed at the Indonesian Stock Exchange, Indonesian Public Listed Companies Association (AEI) is optimistic to see
Institute for Economic and Financial Research

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the situation of Indonesian Stock Exchange at present. AEI hopes that we can sustain this good moment in order to enhance the national economy. AEI also positively welcomes any activities supporting the development of Indonesian stock market. Accordingly, AEI fully supports the publication of the 23rd edition of this 2012 ICMD. ICMD which is always in harmony with efforts to create principles of transparency and acountability of the Indonesian stock market has proven to be relevant to be published in any situations. AEI cordially welcomes the 2012 ICMD and hopes that the publisher, Institute for Economic and Financial Research (ECFIN), can always consistenly publish this book. Jakarta, November 2012

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Indonesian Capital Market Directory 2012