• BBRI announced reason for IDR 3T share buyback
Bank Rakyat Indonesia (BBRI) has announced its reason for buying back shares worth IDR
3T. This aims to stabilize the share price, which has recently experienced a correction.
Additionally, the buyback is designed to motivate employees to become more active and
professional while upholding proper corporate governance. With a target market primarily
composed of Micro, Small, and Medium Enterprises (MSMEs), the company is optimistic
about its growth potential despite current economic fluctuations. BBRI’s Capital Adequacy
Ratio (CAR) stands at 26%, which is considered highly sufficient. The company believes that,
given its strong capital position, its profits should be shared, irrespective of growth over the
next five years. In addition to maintaining a high level of capital, BBRI aims to optimize this
capital to drive improvements in its performance. The company plans to distribute 80% to
85% of its profits to shareholders.
• LPKR aims for IDR 6.25T marketing sales FY25
Lippo Karawaci (LPKR) targets marketing sales of IDR 6.25T in 2025 or increased by 16%
compared to the target in 2024. This growth is expected to be driven by the construction of
new residential and commercial projects in Lippo Karawaci, Lippo Cikarang, and other areas
in the company’s land bank. In 2024, LPKR achieved marketing sales of IDR 6.01T (+17% yoy),
or 112% of the FY24 target. Residential sales were the largest contributor with IDR 2.99T,
followed by sales of land plots amounting to IDR 491B, and commercial products reaching
IDR 494B. Apart from that, sales of burial plots in San Diego Hills also contributed IDR 202B
to the total marketing sales. (Bisnis Indonesia)
• SRAJ will conduct private placement
Sejahteraraya Anugrahjaya (SRAJ) plans to carry out a private placement after receiving
approval from shareholders at the Independent General Meeting of Shareholders
(Independent GMS) on 21 Aug 24. SRAJ will issue 238,254,545 new shares through private
placement with an exercise price of IDR 2,200 per share, so the company has the potential to
receive fresh funds of IDR 524.16B. with the issuance of these new shares, the amount of
issued and paid-up capital by SRAJ increased from 12B shares to 12.23B shares. The company
will use the funds obtained amounting to IDR 524.16 billion to pay off debts to the controlling
shareholder, Surya Cipta Inti Cemerlang (SCIC). Furthermore, some of the funds will also be
used to pay SRAJ’s outstanding loan balance to SCIC. According to the schedule, the
company will start the private placement process on 11 Feb 25 while the new shares will be
issued and distributed on 20 Feb 25. Listing on the IDX is scheduled for 21 Feb 25. The results
of the private placement will be announced on 23 February in 2025. (Bisnis Indonesia)
