Jakarta, CNBC Indonesia – PT Stockbit Investa Bersama (Stockbit) will soon execute its plan to acquire PT Mahakarya Artha Sekuritas (XL) in the near future. This follows the acquisition of approval from the Financial Services Authority (OJK).
Stockbit Co-founder Wellson Lo said that through the acquisition process which will be completed in the near future, the name of Mahakarya Artha Sekuritas will change to Stockbit Sekuritas.
“The combination of PT Mahakarya Artha Sekuritas’ experience and Stockbit’s expertise in the digital realm will offer investors an easy, safe and reliable investment solution,” said Wellson in a press release, Tuesday (11/23/2021).
Wellson explained that the main focus of this acquisition is to increase the technological capabilities of the online trading platform and to maintain security and privacy standards for all users. This is part of the company’s commitment to continue to innovate and develop its technology.
Similarly, Mahakarya Artha Sekuritas President Director Megawati Soewardi said that customers who had previously invested through the company would still be able to transact as usual and would benefit from Stockbit’s technology capabilities.
“This acquisition will also be accompanied by team strengthening in order to answer challenges in the industry,” he said.
Acquisitions of domestic securities companies have indeed occurred for some time. One of the factors is that there is still room for growth for investors, especially retail in Indonesia, which currently does not reach 1% of the total population.
Previously reported, a CNBC Indonesia source at the Indonesian Securities Companies Association (APEI) said that there are still several securities companies that have the potential to conduct mergers and acquisitions (M&A), although they did not mention the names of the securities companies in more detail.
“The potential is possible, if it is called potential, yes it has potential. Indonesia is still an attractive market,” said the source.
According to him, the acquisition of local securities companies by strategic investors is an interesting phenomenon amid the trend of leaving foreign securities companies in Indonesia such as Nomura Sekuritas, Merril Lynch, Morgan Stanley to Deutsche Sekuritas Indonesia.
In addition, the current capital market investors in Indonesia, which has reached 6.6 million, are believed to still have the opportunity to grow in the future. Acquiring a securities company is a strategic step taken as an opportunity.
Not long ago, the entrepreneur who is also the President Director of PT Adaro Energy Tbk (ADRO) also acquired a 49% stake in a securities company, PT Trimegah Sekuritas Tbk (TRIM) owned by the Northstar Group, Advance Wealth Finance Ltd.
(my / hps)
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