Investing in Indonesia ADRs / Indonesian Stocks List
Local telecommunications giant PT Telekomunikasi Indonesia Tbk (NYSE: TLK), commonly abbreviated as Telkom Indonesia, is the primary Indonesian ADR trading on the NYSE after more lightly traded PT Indosat Tbk (OTCMKTS: PTINY) relisted on and then delisted from the OTC. The other Indonesian stock with an ADR trading on a major US exchange would be Indonesia Energy Corporation Limited (AMEX: INDO) which is focused on oil and gas operations in Indonesia. In addition, the locally listed subsidiaries of several major foreign MNCs like Ace Hardware, Unilever and Vale along with some major Indonesia listed stocks do have ADRs trading on the OTC.
In addition, Aberdeen Asset Management had offered the Aberdeen Indonesia Fund (NYSEMKT: IF) as an Indonesia closed-end fund since March 1990. However and in April 2018, the Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE: AEF) completed the reorganizations of several emerging market closed-end funds into the Aberdeen Chile Fund, Inc and the consolidated fund was renamed the Aberdeen Emerging Markets Equity Income Fund, Inc trading on the NYSE American Exchange under the ticker symbol “AEF.”
Investors interested in Indonesia ADRs should also check out our Indonesia ETF list, Southeast Asia ETF list (region wide) and Asia Pacific ETF list pages. For a better understanding of the risks associated with investing in Indonesia ADRs or stocks, check out our following article posted on Seeking Alpha: Speculators And Hit-And-Runs: An Indonesia Investing Reality Check.
Note: Stocks delisted from the OTC (whether due to mergers, acquisitions or for other reasons) have been left in the table (as their websites still provide a good feel for the company and the local market) and may still trade on local or important European (e.g. London) or regional (e.g. Singapore or Hong Kong) stock exchanges. They may also be holdings of country or region specific ETFs or Indices.
List of Indonesian ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
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Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
The Indonesia Stock Exchange
The Indonesia Stock Exchange or Bursa Efek Indonesia was formed in 2007 through the merger of the Jakarta Stock Exchange with the Surabaya Stock Exchange. The two primary stock market indices are the Jakarta Composite Index and the Jakarta Islamic Index (JII) with the latter being established in 2002 to act as a benchmark to measure market activities based on Sharia (Islamic law).
Here are some useful and mostly English news resources for investing in Indonesian ADRs or stocks or about Indonesia in general:
- Bisnis Indonesia
- Business News Indonesia
- Indonesia Business Post
- Indonesia In-Depth (Podcast)
- Investor Daily Indonesia
- Jakarta Globe
- National Antara News (The Indonesia News Agency)
- SWA (Bahasa)
- The Bali Times
- The Jakarta Post
For additional resources for investing in Indonesia ADRs or stocks, check out all of our Indonesia tagged articles/links.