• ANTM to boost production and downstream projects
Aneka Tambang (ANTM) reported a significant growth in key commodities, including 9.94M
wmt of nickel ore production and record-high gold sales of 43.78 tons (+68% yoy). The
company also strengthened its export presence in markets like China, India, and South Korea,
supporting domestic downstream initiatives through bauxite supply and expanding
ferronickel production. In line with Indonesia’s national agenda on mineral downstream,
ANTM accelerated several strategic projects, including the Smelter Grade Alumina Refinery
(SGAR) in Mempawah and a new gold refinery plant in Gresik. The company also deepened
its role in the electric vehicle ecosystem through nickel and bauxite supply and secured a
30% stake in Jiu Long Metal Industry to reinforce its nickel value chain. (Kontan)
• ECII to continue adding new outlets in 2025
Electronic City Indonesia (ECII) continues its expansion strategy in 2025 by opening new
stores, including a recent outlet in MarktLane Sentul, Bogor. The company plans to reach
previously untapped markets by targeting strategic new locations. While historically aiming
to open 5–10 new outlets annually, ECII remains cautious and selective, factoring in local
purchasing power. Despite expecting a seasonal boost during Ramadan and Eid, sales
performance fell short of expectations. To boost performance for the remainder of the year,
ECII is implementing internal improvements and enhancing customer service. These include
a better in-store experience, knowledgeable sales teams, authentic and up-to-date product
offerings, and a broad range of payment options. However, the company has not disclosed
its capital expenditure details, stating that expansion-related spending will be approached
conservatively. (Kontan)
• ERAA to buyback IDR 50B shares
Erajaya Swasembada (ERAA) has announced a share buyback program worth up to IDR 50B,
to be conducted gradually over a three-month period from 14 April 25 to 13 July 25. According
to Amelia Allen, Head of Legal & Corporate Secretary, the buyback will not exceed 20% of the
company’s paid-up capital, with a minimum of 7.5% of shares remaining outstanding. The
initiative is part of ERAA’s response to significantly fluctuating market conditions.
Management believes the buyback will not negatively affect the company’s financial
position, citing strong capital structure and adequate cash flow to support ongoing
operations and growth. (Bisnis Indonesia)
