In today’s briefing:
- Steel Pipe Industry of Indonesia (ISSP IJ) – Piping Hot
- Fore Coffee eyes expansion with US$23.2M IPO on Indonesia Stock Exchange | e27
Steel Pipe Industry of Indonesia (ISSP IJ) – Piping Hot
- Steel Pipe Industry of Indonesia (ISSP IJ) is Indonesia’s largest steel pipe manufacturer with over 2,000 customers and exposure across diverse sectors, including infrastructure, autos, and Oil & Gas.
- The company looks set to book strong growth in revenues and profits over the next 3 years, driven by increased capacity and improving product mix towards higher value products.
- SPINDO has been shifting towards longer duration funding and reducing interest costs. Valuations are attractive on a 3x FY2025E PER, with a forecast dividend yield of 5%.
Fore Coffee eyes expansion with US$23.2M IPO on Indonesia Stock Exchange | e27
- Fore Coffee, a leading premium coffee retail chain in Indonesia, has announced its intentions to launch an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX).
- Trading under the ticker symbol “FORE”, this strategic move is designed to bolster the company’s ambitious expansion plans.
- Fore Coffee will offer 1.8 billion ordinary shares to the public, representing 21.08 per cent of its total issued and fully paid-up capital.
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