- Automotive: IPCC Vehicle Exports Rise, Driven by Growth in the EV Segment
IPCC notes a significant increase in vehicle exports, in line with Gaikindo data which shows national production reaching 144,796 units by April 2025 (up 13.9% compared to April 2024). This increase reflects a significant contribution from the electric vehicle segment, particularly from Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Plug-in Hybrid Electric Vehicles (PHEV).
- Coal: Reference Coal Price for June 2025 Drops 17.91% Compared to 2024
The Ministerial Decision (Kepmen) of ESDM sets the Reference Coal Price (HBA) for sales in the first period of June 2025 at USD100.97 per ton (down USD9.41 compared to the previous period’s HBA of USD110.38/ton). Compared to the HBA of the same month in 2024, the HBA for the first period of June 2025 decreased by 17.91%.
- DSNG Allocates IDR 800B Capex in 2025 for Replanting, Tech Modernization & Green Energy
Palm oil company PT Dharma Satya Nusantara Tbk (DSNG) has allocated IDR 800B in capital expenditure for 2025, aimed at machinery modernization, mill maintenance, a 5,000-hectare replanting program, and renewable energy development—including wood pellet andbiomass plant investments. As of Q1-2025, 22% of the budget has been realized. The company is also exploring strategic acquisitions supported by positive cash flow, while enhancing operational efficiency through IoT and robotics integration. DSNG booked a net profit of IDR 367B in Q1-2025, up 60% YoY, on the back of a 20% revenue increase. Total assets grew 1.3% to IDR 17.6T, while liabilities fell 2%, boosting equity to IDR 10.3T. (IDX Channel)
- GIAA Schedules EGM to Discuss Restructuring and Capital Injection
PT Garuda Indonesia (Persero) Tbk (GIAA) has scheduled an Extraordinary General Meeting of Shareholders (EGM) on June 30, 2025. There are two agendas to be discussed at this EGM. First, the approval of Garuda’s plan to restructure in order to restore the company’s financial health. Second, changes to the company’s management (restructuring of the management team). Garuda is reported to be seeking a capital injection of USD 500M or more than IDR 8T from Danantara Indonesia.
- MIKA Aims for Double-Digit Growth with Hospital Expansion in 2025
Facing the remainder of 2025, PT Mitra Keluarga Karyasehat Tbk (MIKA) aims for double-digit revenue growth supported by a strategy to enhance service complexity, optimize the private patient segment, and expand new hospitals. The company plans to open four additional hospitals this year. Two of these hospitals are scheduled to be completed within the current year, as part of the strategy to strengthen its presence in the high-end healthcare service market.
- MORA to Invest IDR 1T in Fiber Optic Expansion for 2025
PT Mora Telematika Indonesia Tbk (MORA) is set to expand its fiber optic network in 2025 with a capex of IDR 1T, focusing on backbone network development, FTTH expansion, and digital innovation. The company plans to complete the Jakarta-Batam-Singapore cable network, increasing its coverage capacity to 20 terabytes per second (TBps). Additionally, MORA will enhance cybersecurity offerings, invest in operational digitalization, and strengthen its business presence in Java and Sumatra. As 90% of the capex is sourced externally via bank loans, investors may closely monitor financial sustainability. Despite an initial decline in net profit, MORA’s share price has risen, reflecting market optimism toward its long-term expansion strategy. (IDN Financials)
- MSJA Targets 10% Sales Growth in 2025 Backed by USD 8M Expansion Investment
PT Multi Spunindo Jaya Tbk (MSJA) is aiming for a 10% sales growth in 2025 by investing USD8 million to add two new production lines for air through nonwoven and SAP Sheet products. This is part of a broader strategy that includes manufacturing facility expansion, product diversification, and adoption of new technologies. MSJA sets ambitious 2025 targets, including sales volume of 41.46 million kg and revenue of USD86.65 million. Despite a Q1-2025 net profit decline to USD313,258 (from USD345,340 YoY) and sales falling to USD15.65 million, the company remains optimistic, attributing the slowdown to
weakened consumer spending affecting the FMCG sector. MSJA aims to offset this through innovative marketing and improved production efficiency to drive sustainable growth. (IDX Channel)
- SMGR Expands Biomass and Waste Utilization for Alternative Fuels
PT Semen Indonesia Tbk (SMGR) continues to boost the utilization of biomass, industrial waste, and urban waste to be used as alternative fuels. In the process, industrial waste and urban waste are processed into refuse-derived fuel (RDF), and then utilized in the production process
- TOTO Allocates IDR 180B for Factory and Equipment Renovation in 2025
PT Surya Toto Indonesia Tbk (TOTO) allocates a budget of IDR 180B for 2025. This capex will mostly be used for the renovation of office buildings at TOTO’s factories in Cikupa and Serpong, Tangerang, Banten, with a value of around IDR 100B, while the rest will be used for the renovation of sanitary machines and fittings. Meanwhile, the performance of loading and unloading four-wheeled vehicles in the same period increased by 40,766 units (growing 17.14%) to 445,763 units.
