Jakarta, 10 April 2023 – PT Mandiri Sekuritas (Mandiri Sekuritas/Company), a subsidiary of Bank Mandiri, recorded another very strong business growth in 2022, a new record of operating revenue in the history of the company's operations. Mandiri Sekuritas' operating revenue as per 31 December 2022 increased 32% to IDR2.5 trillion compared to IDR1.9 trillion achieved in the same period in 2021, making the company able to record IDR381 billion of net profit in 2022. These results are consolidation between Mandiri Sekuritas and its subsidiaries; Mandiri Securities Pte. Ltd. (Mandiri Securities Singapore) and Mandiri Manajemen Investasi.
Oki Ramadhana, President Director of Mandiri Sekuritas said, "As a securities company with a comprehensive line of businesses; investment banking, including M&A advisory, equity and debt capital markets, and brokerage for both institutional and retail, Mandiri Sekuritas is highly committed to grow with our customers in the Indonesian capital market. We are able to achieve a new record of strong business results as we offer the complete range of end-to-end services, despite a challenging domestic and global markets condition in 2022 mainly due to geopolitical turmoil.”
"To achieve the strong results, Mandiri Sekuritas always focuses on improving customer services for all corporate, institutional and retail businesses as well as increasing our synergy with Bank Mandiri Group. In 2022, Mandiri Sekuritas successfully completed 101 investment banking transactions, including IPO, rights issue, placement, issuance of both IDR and USD bonds and liability management. We have also successfully completed several SOE strategic deals including the restructuring of Garuda Indonesia," Oki explained.
"Mandiri Sekuritas continues to be optimistic about the strong growth potential of the Indonesian capital market in 2023, although we still need to be cautious about of the impact of global economic turmoil which may arise. We project that the JCI will reach 7,510 by the end of 2023 with an estimated EPS growth of 17% excluding the commodity sector and supported by ample liquidity of banking sector, a much better trade balance structure, and the JCI is still attractive compared to other emerging markets. Looking at those potentials, we encourage Indonesian customers to invest in the capital market," concluded Oki.
Leading 2 Biggest IPO in Early 2023
After successfully escorting GOTO to carry out the largest IPO in Indonesia in 2022, as per April 2023, Mandiri Sekuritas has successfully supported 2 more major IPOs of PT Pertamina Geothermal Energy Tbk (PGEO), which is the largest renewable energy IPO in Southeast Asia and PT Trimegah Bangun Persada Tbk or Harita Nickel (NCKL). In the two IPOs, Mandiri Sekuritas managed to raise a total fund of IDR19 trillion or USD1.2 billion.
Harold Tjiptadjaja, Director of Investment Banking Mandiri Sekuritas said, "Mandiri Sekuritas is highly committed to support clients in realizing their plans to accelerate business growth through IPO. We encourage companies that have strong fundamentals and good business prospects to carry out IPOs by taking advantage of the national economic recovery momentum."
"Mandiri Sekuritas provides complete, end-to-end services for companies that choose IPO to grow, starting from pre-IPO advisory to optimize company value up to organizing the IPO and post-IPO or aftermarket. In preparation for IPO, companies need to make various efforts to optimize value creation, including a restructuring, where at this stage, Mandiri Sekuritas acts as an Advisor who provides advices regarding an optimal structure for the company. Our role will then continue as an underwriter who will prepare the equity stories, register the necessary documents, choose the right time for the IPO, book building, underwriting and marketing, right up to listing on the stock exchange,” he explained.
