Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) announced as many as 59 listed companies that received special notations or ‘tattoos’ until April 9, 2021 on the back ticker or the issuer’s share code.
Of these, 32 companies are included in the category of issuers with negative equity or code E.
Several companies included in the list of companies with negative equity include PT Garuda Indonesia (Persero) Tbk (GIAA), PT Bakrie Telecom Tbk (BTEL), PT Mahaka Media Tbk (ABBA) and PT AirAsia Indonesia Tbk (CMPP).
Others are, PT Tiphone Mobile Indonesia Tbk (TELE), PT FKS Food Sejahtera Tbk (AISA), PT SLJ Global Tbk (SULI), PT Jakarta Kyoei Steel Works Tbk (JKSW), PT Steady Safe Tbk (SAFE), PT Tirta Mahakam Resources Tbk (TIRT), PT Intraco Penta Tbk (INTA).
Furthermore, PT Alumindo Light Metal Industry Tbk (ALMI), PT Wilton Makmur Indonesia Tbk (SQMI), PT Expl exploitation Energi Indonesia Tbk (CNKO), PT Magna Investama Mandiri Tbk (MGNA), PT Ratu Prabu Energi Tbk (ARTI), PT Bakrie Sumatera Plantations Tbk (UNSP), PT Eterindo Wahanatama Tbk (ETWA), and PT Asia Pacific Fibers Tbk (POLY).
Then there are PT Onix Capital Tbk (OCAP), PT Zebra Nusantara Tbk (ZBRA), PT Modern International Tbk (MDRN), PT Leyand International Tbk (LAPD), PT Argo Pantes Tbk (ARGO), PT Capitol Nusantara Indonesia Tbk (CANI), PT Express Transindo Utama Tbk (TAXI), PT Siwani Makmur Tbk (SIMA), PT ICTSI Jasa Prima Tbk (KARW), PT Dwi Guna Laksana Tbk (DWGL), PT Centex Tbk (CNTX), PT Trikomsel Oke Tbk (TRIO) and PT Global Teleshop Tbk (GLOB).
As is known, the Exchange has implemented this policy since the end of December 2018 which aims to find out how the business of listed companies is going and is one of the efforts to protect investors from troubled issuers.
Previously, the stock exchange applied 7 special notations (B, M, S, E, A, D and L), each of which had a description of the problem an issuer was experiencing.
The 7 notations include B notation, which means that the company is currently in the application for a bankruptcy statement. Notation M, there is a request for Postponement of Debt Payment Obligations (PKPU) to the company concerned. Furthermore, the S notation for the company’s latest financial statements indicates no operating income.
As for the E notation, it means that the last financial statements show negative equity. Notation A indicates the existence of an Adverse Opinion from a Public Accountant (AP).
Furthermore, the notation D means that there is an opinion that does not state the opinion (disclaimer) of the public accountant, and the notation L means that the listed company has not submitted a financial report.
Stock exchange authorities have also started implementing 6 other special notations (C, Q, Y, F, G, and V) since February this year.
The Exchange explained, the special notation C means the issuer is experiencing a legal incident against a listed company, listed subsidiary and / or members of the board of directors and commissioners of a listed company which has a material impact.
Q notation, which means that there is a limitation on the business activities of a listed company and / or its subsidiary listed by the regulator. Furthermore, the notation Y is given to issuers who have not held an annual general meeting of shareholders (AGMS) for up to six months after the financial year ends.
Next, the notation F is an issuer that has received administrative sanctions and / or a written order from the Financial Services Authority (OJK) which is imposed on a listed company due to violations of regulations in the capital market sector with the category of minor violations.
Notation G is an issuer that has received administrative sanctions and / or a written order from the OJK imposed on the issuer for violating regulations in the capital market sector with a moderate violation category.
Next, notation V, is given if an issuer is subject to administrative sanctions and / or written orders from the OJK imposed on a listed company due to a violation of regulations in the capital market sector with the category of serious violations.
(bag bag)
– .
