Starting Off 2024, Hillcon Tbk Wins Award by Alpha South Eastasia for BEST SMALL CAP IPO IN INDONESIA

Starting off 2024, nickel mining contractor PT Hillcon Tbk won the Best Small Cap IPO award in Indonesia. This award was organized by Alpha Southeast Asia, 17th Deal & Solution Award 2023 at Mandarin Oriental, Jakarta, Tuesday (6/2/2024). Sucor Sekuritas received awards for its role as joint lead underwriters.

PT Hillcon Tbk (HILL) officially listed its initial shares or IPO on the Indonesia Stock Exchange (BEI), Jakarta, Wednesday, March 1 2023. By raising funds worth IDR 552.8 billion, part of which will be used to develop the nickel industry within the country. HILL succeeded in posting positive financial performance in the third quarter of 2023, HILL managed to record a net profit of IDR 261.14 billion or an increase of 27.31% on an annual basis compared to last year's period, namely IDR 204.11 billion.

Hillcon Director, Jaya Angdika said that the acceptance of the best small cap IPO in Indonesia shows investors' optimism about the Indonesian capital market. This can be seen from the high level of over subscription and the increase in share prices at the start of trading.

Bernadus Wijaya, CEO of Sucor Sekuritas, said that this award shows that investor confidence in Sucor Sekuritas has increased. He stated this was clear proof that Sucor Sekuritas continues to strive to provide the best service and support sustainable growth in the Indonesian financial market. "Hopefully in 2024 there will be more issuance, not only bond issuance but also share issuance," he said in his statement, Wednesday (7/2).

Furthermore, the Director of Investment Banking Sucor Sekuritas, Achdiarini Siwiwardhani, stated that recieving this award becomes a trigger for Investment Banking Sucor Sekuritas to continue to do its best in assisting issuers and prospective issuers in accessing funding in the capital market, whether through IPOs, bonds, sukuk or merger activities. acquisition.

Original Source: https://keuangan.kontan.co.id/news/sucor-sekuritas-dukung-pertumbuhan-berkelanjutan-di-pasar-keuangan-indonesia