• Automotive: Indonesia motorcycle sales down 3% in 1Q25
Indonesia’s domestic motorcycle sales fell by 3% yoy to 1.68M units in 1Q25, as weakening
consumer purchasing power and stricter financing conditions weighed on demand. In
contrast, exports rose 15% to 134,775 units, supported by demand from Southeast Asia,
broader Asia, and Europe. Sales of electric motorcycles remained sluggish, reaching just 20–
30% of last year’s levels, amid uncertainty over the continuation of government subsidies.
Although a purchase incentive of IDR 7M per unit has been proposed, delays in its rollout
have prompted consumers to postpone purchases. The Indonesian Motorcycle Industry
Association (AISI) and the Indonesian Electric Motorcycle Industry Association (AISMOLI)
caution that, without prompt policy support, their 2025 sales targets may need to be revised
downward. (Kontan)
• Coal: Indonesia’s coal exports to China dropped in Mar 25
In Mar 25, China’s coal imports from Russia, Australia, and Mongolia increased yoy, while
imports from Indonesia, the country’s largest coal supplier, fell by 9% to 17.96M metric tons.
The decline follows Indonesia’s implementation of a new coal benchmark pricing policy
(HBA) starting 1 Mar 25, which mandates the use of government-set reference prices for
international transactions. Meanwhile, China’s overall coal imports dropped 6% due to high
domestic stockpiles and weak demand, as the country also ramps up investments in
alternative energy sources. (Kontan)
• DEFI returns to trading with expansion plans
PT Danasupra Erapacific Tbk (DEFI) has resumed trading on the Indonesia Stock Exchange
after a 3.5-year suspension and is now planning to expand into the healthcare sector through
acquisitions, with a focus on strengthening its business structure as a holding company. To
finance this expansion, DEFI plans to conduct a rights issue worth IDR 120-150B. The company
also intends to rebrand and change its business direction to align with its new focus on
healthcare and investment, and will transfer shares from existing shareholders to new
investors to strengthen its ownership structure. (IDX Channel)
• DRMA to distribute IDR 202B dividends
Dharma Polimetal (DRMA) will distribute a cash dividend of IDR 202B for FY24, representing
35% of its attributable net profit of IDR 579.3B. This decision was made during the AGMS held
on 22 Apr 25. Despite challenges in the automotive industry, DRMA maintained stable
revenue of IDR 5.5T in 2024, driven largely by its two-wheeler (2W) segment, which grew 11.9%
to IDR 3.3T and accounted for 59% of total sales. Core profit rose 4.2% yoy. Looking ahead,
DRMA aims to diversify and sustain growth by expanding into electric vehicle (EV)
components and building an EV ecosystem through its initiative, Dharma Connect, while also
exploring new growth areas beyond the automotive sector. (Bisnis Indonesia)
