Aldira Sunrise 24 March 2025

• BDMN to distribute IDR 1.1T in dividends
Bank Danamon Indonesia (BDMN) will distribute dividends to shareholders, following
approval from the 2025 Annual General Meeting of Shareholders (AGMS) held on 21 March.
The shareholders agreed to pay out 35% of the company’s 2024 net profit after tax as
dividends, amounting to IDR 113.85 per share, or approximately IDR 1.1T. This is based on the
bank’s 2024 net profit attributable to the parent entity of IDR 3.2T. Despite a slight 8.6% drop
in net profit in 2024, driven by a consolidated pre-provision operating profit (PPOP) of IDR
8.3T (up 1% yoy), the bank maintained sound asset quality and operational efficiency. Further
details on the dividend payment schedule will be announced later. (Kontan)

• BRPT allocates IDR 500B to buyback shares
Barito Pacific (BRPT) plans to conduct a share buyback, allocating IDR 500B for the program.
According to a public disclosure, the buyback will involve up to 0.7% of the company’s total
outstanding shares and will take place from 24 March 2025 to 23 June 2025. The funds for the
buyback will come from the company’s internal cash reserves, ensuring it does not affect
operations. The buyback will be conducted gradually and will cover all associated costs,
including transaction fees and intermediary expenses. BRPT will adhere to the maximum
buyback limits set by financial regulations and ensure that the free float requirement is met.
(Bisnis Indonesia)

• INTP booked an IDR 2T net profit in 2024
Indocement Tunggal Prakarsa (INTP) recorded a net profit of IDR 2T in 2024, marking a 2.96% yoy
growth. The company’s revenue reached IDR 18.54T, up 3.34% from 2023, supported by cement
sales to third parties, which contributed IDR 16.71T. Ready-mix concrete sales also grew to IDR
1.56T. Despite an increase in the cost of goods sold, which rose by 3.18% to IDR 12.48T, gross profit
reached IDR 6.06T, up 3.68% yoy. INTP’s total assets grew by 2.6% to IDR 30.42T, while liabilities
decreased by 4.31%. Cash and cash equivalents saw a significant rise of 41.16%, reaching IDR 4.49T.
Looking ahead to 2025, Indocement’s CEO Christian Kartawijaya acknowledged challenges in the
Indonesian cement industry, citing oversupply and reduced infrastructure budgets. However, the
company remains optimistic, given ongoing infrastructure projects such as LRT, MRT, and toll
roads, as well as property incentives. INTP forecasts domestic cement consumption to grow by 1-
3% in 2025 and plans to focus on operational efficiency to remain competitive in the market,
despite these challenges. The company will continue to run cost-effective plants and enhance
logistics to ensure product availability and quality. (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).