Don't Wait Until Same Case Like Indosat...
Kamis, 02 Juni 2016 - 08:33 WIB
Don't Wait Until Same Case Like Indosat...
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JAKARTA - Indonesia Stock Exchange (BEI) has continued to invite the State Owned Enterprises (SOEs) to become a public company with the Initial Public Offering (IPO). It is intended to improve the competitiveness of the capital market and improve market liquidity.
However, this did not go easily, just like private companies go public. Because, there is incorrect assessment of community that listing will make SOEs owned by a foreign.
If SOEs into capital markets, the company tried to equalize ownership. So, wider community can participate own the stock, but control remains in the hands of the government. Thus, instead of foreign owned.
So, does public has been able to have a fully SOEs shares. Please you see the tickle note below
Our SOEs for Whom?
Over the past three days since May 26, 2016, I had the opportunity to visit the province of Jambi, enjoy the sights and activities of people on the carriageway Gentala Arasy, the new icon of the city of Jambi, a new bridge which divides the Batanghari river.
In the pole solid pedestal carved the name of one of the government's construction company, a company State Owned Enterprises (SOEs) which is engaged in the construction sector, and already take the floor at the Indonesia Stock Exchange.
The sculpture of the SOEs logo has reminded me when one morning across the main streets in Yogyakarta and meet with a group of rickshaw carrying passengers younger executives, though casual looks vigorous and cheerful. What is interesting is the writing on the tricycle they were riding that SOEs to the Indonesian.
Slogan fast enough exhaled, SOEs to the Indonesian, to the spirit of nationalism burning, in addition to protecting the interests of the domestic economy is also strengthening the independence of a nation.
But when we look further on how far the public's knowledge about the SOEs us, if we could have it as a form of modern nationalism and democratization of the economy in the form of the spread of ownership of the company for the Indonesian people and the general public or otherwise we let foreign investors control of our SOEs average has a good prospect as their preferred shares.
Just a little reminder, if there is no case of Sarinah Bombing, probably many of us who do not know if Sarinah also one of the SOEs.
Read SOE's slogan increasingly oppressive country when looking at the data the percentage of ownership of shares of domestic companies, both private and especially the SOEs ownership. Number of local investors in the Indonesian Capital Market which has more than three decades since reactivated, that the number of local investors are still struggling under 0.3 percent of the total population of Indonesia, which number more than 250 million people.
If you see a comparison of its holdings, total foreign investors only around 10,000 investors, while the latest data of investors in the capital market are all nearly 500,000 investors, but despite only amounted to about 10,000 investors, but they control more than 65% ownership of the shares that have gone public. The data is very alarming.
So lame between those who have had and who do not have, then when talking about the company's shares by looking at the above data, we will realize who actually enjoys stretching Indonesian private companies and state enterprises over the years.
We are still a consumer, stopping only be consumers even proud, as a user and a soft market for all products. We had not moved from the consumer becomes the owner, because education and literacy is not sufficient to make be aware of, understand, change the mindset of the consumer society, become a saving society to investment-conscious society. Do not wait until the same case Indosat sold to Singtel when it will make us wake up and realize where we are today.
When we have a stock means becoming the owner of a company, whether it is private companies and SOEs. After a change of mindset is to follow the learning that understand and understand and become actors active investment for this country, maintain the climate and environment conducive to investment, then one way is to buy shares of companies that have gone public through the Indonesia Stock Exchange, so that our sovereignty in the capital market can be enforced. A chore that must be done collectively, the synergy of many parties and be kept sustainable.
It would be the next question arises, who should finish the homework it? Works whose name education, literacy and other pro-active activities. All parties must move, either from the supervisor that the Financial Services Authority, of the Indonesia Stock Exchange, Indonesian Central Securities Depository, Clearing and Guarantee Indonesia, as well as exchange members, academics, and the entire community for literacy investments.
When we talk to people, then we are part of the community itself. So let's start from ourselves to be the owner and the rightful heir to the land. One way to buy and own enterprises, but if it never thought in our mind to be an owner and heir, then in fact our SOEs for whom?
Hery Gunawan Muhamad
Stock Market Observers
Head of the Yogyakarta Branch and PIC Sharia Division PT First Asia Capital
Postgraduate student FIAI, UII Yogyakarta
However, this did not go easily, just like private companies go public. Because, there is incorrect assessment of community that listing will make SOEs owned by a foreign.
If SOEs into capital markets, the company tried to equalize ownership. So, wider community can participate own the stock, but control remains in the hands of the government. Thus, instead of foreign owned.
So, does public has been able to have a fully SOEs shares. Please you see the tickle note below
Our SOEs for Whom?
Over the past three days since May 26, 2016, I had the opportunity to visit the province of Jambi, enjoy the sights and activities of people on the carriageway Gentala Arasy, the new icon of the city of Jambi, a new bridge which divides the Batanghari river.
In the pole solid pedestal carved the name of one of the government's construction company, a company State Owned Enterprises (SOEs) which is engaged in the construction sector, and already take the floor at the Indonesia Stock Exchange.
The sculpture of the SOEs logo has reminded me when one morning across the main streets in Yogyakarta and meet with a group of rickshaw carrying passengers younger executives, though casual looks vigorous and cheerful. What is interesting is the writing on the tricycle they were riding that SOEs to the Indonesian.
Slogan fast enough exhaled, SOEs to the Indonesian, to the spirit of nationalism burning, in addition to protecting the interests of the domestic economy is also strengthening the independence of a nation.
But when we look further on how far the public's knowledge about the SOEs us, if we could have it as a form of modern nationalism and democratization of the economy in the form of the spread of ownership of the company for the Indonesian people and the general public or otherwise we let foreign investors control of our SOEs average has a good prospect as their preferred shares.
Just a little reminder, if there is no case of Sarinah Bombing, probably many of us who do not know if Sarinah also one of the SOEs.
Read SOE's slogan increasingly oppressive country when looking at the data the percentage of ownership of shares of domestic companies, both private and especially the SOEs ownership. Number of local investors in the Indonesian Capital Market which has more than three decades since reactivated, that the number of local investors are still struggling under 0.3 percent of the total population of Indonesia, which number more than 250 million people.
If you see a comparison of its holdings, total foreign investors only around 10,000 investors, while the latest data of investors in the capital market are all nearly 500,000 investors, but despite only amounted to about 10,000 investors, but they control more than 65% ownership of the shares that have gone public. The data is very alarming.
So lame between those who have had and who do not have, then when talking about the company's shares by looking at the above data, we will realize who actually enjoys stretching Indonesian private companies and state enterprises over the years.
We are still a consumer, stopping only be consumers even proud, as a user and a soft market for all products. We had not moved from the consumer becomes the owner, because education and literacy is not sufficient to make be aware of, understand, change the mindset of the consumer society, become a saving society to investment-conscious society. Do not wait until the same case Indosat sold to Singtel when it will make us wake up and realize where we are today.
When we have a stock means becoming the owner of a company, whether it is private companies and SOEs. After a change of mindset is to follow the learning that understand and understand and become actors active investment for this country, maintain the climate and environment conducive to investment, then one way is to buy shares of companies that have gone public through the Indonesia Stock Exchange, so that our sovereignty in the capital market can be enforced. A chore that must be done collectively, the synergy of many parties and be kept sustainable.
It would be the next question arises, who should finish the homework it? Works whose name education, literacy and other pro-active activities. All parties must move, either from the supervisor that the Financial Services Authority, of the Indonesia Stock Exchange, Indonesian Central Securities Depository, Clearing and Guarantee Indonesia, as well as exchange members, academics, and the entire community for literacy investments.
When we talk to people, then we are part of the community itself. So let's start from ourselves to be the owner and the rightful heir to the land. One way to buy and own enterprises, but if it never thought in our mind to be an owner and heir, then in fact our SOEs for whom?
Hery Gunawan Muhamad
Stock Market Observers
Head of the Yogyakarta Branch and PIC Sharia Division PT First Asia Capital
Postgraduate student FIAI, UII Yogyakarta
(rnz)
