JAKARTA: PT HD Capital Tbk, a securities company, is targeting underwriting business of IDR400 billion this year.
President Director of HD Capital Antony Kristanto said the company did not set unreasonable target this year, as the underwriting business needs long process.
“We only targets one underwriting business this year. The value is not yet known. More or less, it will be similar with IPO of PT Greenwood Sejahtera Tbk,” he told Bisnis recently.
This year, the company with Mandiri Sekuritas dan PT Danareksa Sekuritas became the underwriter on the IPO of Greenwood Sejahtera which raking IDR400 billion.
According to Antony, HD Capital is still relied on brokerage business contributing 70% revenue of the company, while the rest is contributed by advisory business.
For advisory business, the company which is newly appointed by PT Trada Maritime Tbk to be financial advisor in rights issue in IIQ/2012.
Based on the financial report in September 2011, the company’s revenue fell 35.25% to be IDR10.91 billion, compared with IDR16 billion in 2010.
Even so, the decline on liabilities made the net profit of the company increased 60.87% to be IDR2.9 billion.
HD Capital plans to conduct rights issue this year in order to increase the company’s capital to support business expansion. However until now there is no further progress in the plan. (T03/NOM)
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