IDX Reveals Danantara's Presence Will Have A Positive Impact On Retail Investors

Director of Development of PT Bursa Efek Indonesia (IDX) Jeffrey Hendrik. (Photo: Doc. ANTARA)

JAKARTA - Director of Development of PT Bursa Efek Indonesia (IDX) Jeffrey Hendrik assessed that the presence of the Anagata Nusantara Power Investment Management Agency (BPI Danantara) would have a positive impact, especially for retail investors.

"Yes, of course, our hope is that it can have a positive effect on investors. Especially retail investors," he told the media crew, Tuesday, February 25.

Regarding the plan for the Association of State-Owned Banks (Himbara) to move closer to the Danantara in March, Jeffrey stated that the IDX will coordinate with the Financial Services Authority (OJK) to ensure the smooth running of the process.

"Yes, that's why we'll see how or what will be done. Later the stock exchange will certainly coordinate with the OJK for that," he said.

However, when asked about whether there had been talks with SOEs regarding SOE shares registered on the IDX and going to Danantara, Jeffrey said this had not been done.

However, he added that the mechanism is already available if there is a corporate action where information disclosure will be conveyed and this has been regulated by applicable regulations.

"I think the mechanism is already available. If there is corporate action, information disclosure and others, there are already regulated mechanisms," he said.

Jeffrey emphasized that there should be no interference with the process, as long as all applicable mechanisms are followed properly.

"It shouldn't be. As long as all the mechanisms are followed. There will definitely be arrangements for that. We'll just follow it," he explained.

Previously, the President Director of the Indonesia Stock Exchange (IDX) Iman Rachman said, if the performance of the issuer managed by Danantara was positive, it would be one of the drivers of the index and increase market capitalization.

In addition, Iman conveyed that the corporate actions or fundraising that would later be carried out by the issuers would also be able to revive the market.

"Because they are expected to have good operations, the most important thing is that the market cap of the stock exchange will be good and if they are fundraising or put action it will revive the capital market," he said.