Selecting the Most Popular IPO Stocks on the IDX, from BACH, PRDL, JECX to RANS

Seven companies have listed on the Indonesia Stock Exchange (IDX) this year, with several recording oversubscription. However, high demand is not considered a guarantee that share performance will remain bright in the future. Purwanto Asset Management Director Edwin Sebayang revealed that the market is now beginning to be more selective in absorbing new shares. This differs from several years ago, when almost all IPO shares received a positive response. Currently, he added, investors are paying more attention to the quality of the issuers offering their shares.