DSSA Inaugurates Solar Panel Factory in Kendal, Central Java
PT Dian Swastatika Sentosa Tbk (DSSA) has inaugurated an integrated solar panel factory in the Kendal Industrial Zone, Central Java, with an investment value reaching trillions of rupiah. The factory will be operated by PT Trina Mas Agra Indonesia (TMAI). The company is a joint venture between a subsidiary of DSSA, PT Daya Sukses Makmur Selaras, and Trina Solar Co Ltd.
ICBP to Distribute IDR 2.91T in Dividends Following Solid 2024 Performance
Indofood CBP Sukses Makmur Tbk (ICBP), the maker of Indomie, will distribute a final dividend of IDR 2.91 trillion or IDR 250 per share from its 2024 net profit. This follows a robust year where net profit rose 24.33% to IDR 7.37 trillion, supported by revenue of IDR 72.52 trillion. The company also saw its earnings per share increase from IDR 599 to IDR 607. ICBP had previously distributed an interim dividend of IDR 100 per share. The final dividend will be paid on August 15, 2025, to shareholders registered by July 31, 2025.(Bisnis Indonesia)
INDF Declares IDR 2.56T Dividend— Highest in Five Years
PT Indofood Sukses Makmur Tbk (INDF) has declared a dividend of IDR 280 per share for the 2024 fiscal year, the highest in five years, to be paid on July 23, 2025. This was decided at the annual shareholders meeting on June 20, 2025. The company reported a net profit of IDR 8.64 trillion, reflecting a 6.07% increase from IDR 8.14 trillion in 2023. The growth was supported by a 3.66% rise in net sales to IDR 115.78 trillion, largely driven by branded consumer products. Operating profit rose 17% to IDR 23.09 trillion, with margins improving to 19.9%, while core profit climbed 16% to IDR 11.34 trillion. INDF also appointed Notariza Taher as Independent Commissioner. (Bisnis Indonesia)
PTMR Sets 2025 Sales Target at IDR 145.88 Billion, Eyes 20% Growth
PT Master Print Tbk (PTMR) is aiming to achieve IDR 145.88 billion in sales and at least IDR 6.89 billion in net profit by the end of 2025, supported by a minimum 20 percent growth target. President Director Ardi Kusuma stated the company is optimistic, driven by rising demand for efficient, eco-friendly, and innovative packaging solutions, especially from the ecommerce sector. PTMR also sees opportunities in lighter, safer, and customizable packaging to support long-distance delivery. Despite acknowledging global uncertainties, the company plans to stay resilient through product diversification, strengthening the sales team, and closely monitoring geopolitical developments. Quarterly evaluations will help ensure strategic agility and alignment with long-term goals. (IDX Channel)
PTMP Targets Revenue Growth of Around 20-30% in 2025
PT Mitra Pack Tbk (PTMP) has confirmed its target revenue growth of 20 to 30% by the end of 2025. With the company’s net sales recorded at IDR 192.3 billion in 2024, the maximum projected sales performance of this packaging and spare parts issuer is expected to reach IDR 249.99 billion, or close to IDR 250 billion. PTMP’s major customers come from various industries, such as processed food, beverages, petrochemicals, cosmetics, as well as health and pharmaceuticals.
SIDO Announces Share Buyback Plan, Targets 320 Million Shares Over Three Months
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) will commence a share buyback on June 23, 2025, targeting 320 million shares or 1.1 percent of its total listed shares, using internal funds up to IDR 192 billion. The company believes its current share price of IDR 490 does not reflect fair value. The buyback will be carried out until September 22, 2025, with a price cap of IDR 760 per share, and executed through PT Mandiri Sekuritas on the Indonesia Stock Exchange. All repurchased shares will be recorded as treasury stock and may be resold in accordance with POJK regulations. After the buyback, SIDO’s outstanding shares will decrease to 29.48 billion, with earnings per share rising from IDR 39.03 to IDR 39.70, return on assets improving from 30 percent to 32 percent, and return on equity increasing from 34 percent to 37 percent. (Investor)
TOOL is Ready To Boost Its Sales Performance in 2025
PT Rohartindo Nusantara Luas Tbk (TOOL) is ready to boost its sales performance in 2025, particularly in the Airwheel luggage segment (smart luggage). This is based on the company’s belief, which operates in the wholesale trade industry, that the sales trend of smart robotic luggage has promising opportunities, especially since there are currently no direct competitors in the Indonesian market.
