Aldira Sunrise 12 Februari 2025

• BRMS targets to produce 75,000 troy ounces of gold in 2025
Bumi Resources Minerals (BRMS) aims to increase its gold production target to 75,000 troy
ounces by 2025, or growing by 26.67% yoy compared to the FY24 target of 55,000.
Furthermore, the increase in gold production is expected to impact the company’s revenue,
supported by an increase in the selling price of gold in the last two years. The company is
optimistic that the production target in 2024 can be achieved at 55,000 to 60,000 troy
ounces. This year’s gold production still comes from the Ponoya block in the city of Palu,
Central Sulawesi, with an average gold content of around 1.5 g/t. However, in 2027, gold
sources are predicted to increase, contributed from underground mines in the Poboya block,
Palu with a higher gold content, namely 3.5 g/t to 4.9 g/t. This year’s capex budget is still in
the finalization process. However, it will be used to complete the construction of
underground gold mines and gold projects in Aceh and Banten, as well as to carry out drilling
activities to increase copper mineral reserves in Gorontalo. Nonetheless, the company is
targeting funding of USD 200-300M to complete the projects. (Kontan)

• EAST performance dropped in 2024
Eastparc Hotel (EAST) posted revenue of IDR 102.92B in 2024 (-3.22% yoy) compared to IDR
106.35B in 2023. The majority of its revenue is still from room revenue of IDR 69.79B, followed
by food and beverage revenue of IDR 30.02B and other revenue of IDR 3.11B. In line, the cost
of revenue declined by 5.72% yoy to IDR 25.71B. Meanwhile, EAST’s operating expenses were
observed to increase 12.92% yoy to IDR 32.10B. Net profit was recorded at IDR 34.71B
compared to IDR 38.43B in 2023. (Kontan)

• FREN’s net loss swelled to IDR 1.29T
Smartfren Telecom (FREN) recorded revenue of IDR 11.41T (-2.02% yoy). In detail, revenue from
data telecommunications services decreased 2.77% yoy to IDR 9.90T while non-data revenue
increased 47.25% yoy to IDR 429.85B. Interconnection services revenue fell 34.68% yoy to IDR
259.80B while other income was up 5.94% yoy to IDR 825.34B. In line, the net loss recorded
by the company swelled to IDR 1.29T from a net loss of IDR 108.92B in 2023. (Bisnis Indonesia)

Anindita Cintasya

Director of Investment Banking

Anindita Cintasya is an experienced finance and investment professional specializing in debt capital markets. With a Bachelor’s degree in Business Administration from Universitas Indonesia (2007), she has built a strong career in investment banking, holding key roles at PT Aldiracita Sekuritas Indonesia, CIMB Niaga Sekuritas, and CGS-CIMB Sekuritas Indonesia. She holds multiple certifications, including a Risk Management Competency Certification and WPPE license, demonstrating her expertise in capital market regulations. Currently serving as VP Debt Capital Market – Investment Banking Associate at PT Aldiracita Sekuritas Indonesia, she has a proven track record of managing and coordinating debt issuance processes.

Our Fixed Income Sales

Mario Martin
Head of Fixed Income Sales
Mindo Leona
VP of Fixed Income Sales
Schedule a consultation with our Fixed Income Sales

Mindo Leona Christina Pardede

President Director

Mindo Leona Christina earned her Bachelor’s degree in Public Relations from Institut Ilmu Sosial dan Politik Jakarta in 2000. She joined Aldira in 2021 as Vice President of Fixed Income Sales and has been serving as President Director since 2025. With over 20 years of experience in Indonesia’s capital market, she specializes in Fixed Income. She also holds a capital market license as a Broker-Dealer Representative.

Livius Nurtanio

Senior Managing Director

Livius graduated from University of Toronto in 1995. He joined PT. Aldiracita Sekuritas Indonesia as Vice President Director from 4 October 2023. Livius has more than 20+ years of experience in Investment Banking both in Securities, Private Equity and Investment Banks in Indonesia, and overseas such as New York, Hongkong, Singapore as a Research Analyst, Head of Fixed Income, Financial Advisor, Senior Associate, Executive and Managing Director. He holds a capital market license for Broker-Dealer Representative and Underwriter Representative from OJK.

Heri Indarno Sulistyanto

Director

Heri Indarno Sulistyanto earned his Bachelor’s degree in Accounting from STIE Jagakarsa Jakarta in 2000 and has over 30 years of experience in the banking and securities industries. Throughout his career, he has held key positions in the capital market, including Manager at PT Bursa Efek Indonesia and Operational Director at a securities company. He is also certified by OJK, holding capital market licenses as a Broker-Dealer Representative and Underwriter Representative..

B Hari Mantoro

Independent Commissioner

Hari received his degree from the Faculty of Economics, University of Indonesia in 1988. He became the Independent Commissioner of PT Aldiracita Sekuritas Indonesia on 24 March 24 2023. He began his work in the financial industry in 1976 at a foreign bank in Jakarta and later worked for a security company in the capital market. Having worked in the financial market for over 30+ years, Hari has held positions as a President Director, Directors and Senior Manager. He is currently an competency assessor for Lembaga Sertifikasi Profesi Pasar Modal Indonesia (LSPPMI).