REPUBLIKA.CO.ID, JAKARTA - The Indonesian Stock Exchange (IDX) predicts that condition of weakening global stock market will not affect companies' plan to launch their initial public offerings (IPO). 

"Companies' interest on launching their IPO is still high. Some are still preparing their IPO," President Director of IDX, Ito Warsito, said on Friday.

Warsito believes Indonesia's economy will continue to grow despite the negative sentiment overshadowed by external factor, such as the Federal Reserves' plan to reduce its economic stimulus. 

Meanwhile, PT Dharma Satya Nusantara (DSNG) officially listed its shares on the Stock Exchange on Friday. President Director of DSNG, Djojo Boentoro expected the company would perform better after listing its shares at IDX. DSNG is a company of oil palm plantations and production and also processing the wood. 

"We targets to grab fund worth 508.75 billion IDR to increase capital of subsidiaries and 50 percent of if will be used for new planting," Boentoro said. 

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