Aldira Sunrise 4 Desember 2024

• BATA will focus on efficiency to return to profit in 2025
Sepatu Bata (BATA) is facing major challenges after the COVID-19 pandemic which disrupted
its business structure. Even though it has closed its only factory in Purwakarta and recorded
significant losses, the company remains optimistic about reaching profits again in 2025. As
of 9M24, BATA still recorded a loss before tax of IDR 131.27B more than double or 151%
compared to an IDR 52.33B loss in 9M23. The increase in losses occurred in line with BATA
sales, which fell 26% yoy to IDR 363.27B. Without the burden of factory costs, BATA is now
focusing more on strengthening the distribution and sales sector through existing stores, as
well as strengthening online sales. This step aims to increase profitability even without an
internal production process. BATA has also moved its distribution center from Purwakarta to
Jakarta and established partnerships with logistics companies to manage product
distribution to stores. Despite facing huge losses, the company continues to maintain its
presence in the Indonesian market, relying on a leaner and more adaptive business model.
(Kontan)
• BREN will distribute IDR 506.15B interim dividend
Barito Renewables Energy (BREN) will distribute interim dividends of IDR 506.15B or IDR
3.78334 per share. This is based on the company’s 9M24 financial report, in which BREN
recorded a net profit of USD 86.06M (+1.88% yoy), although revenue decreased 0.89% yoy to
IDR 441.29M. The cum dividend date is on 11 Dec 24, while the payment is on 20 Dec 24. (Bisnis
Indonesia)
• LPCK recorded IDR 1.05T marketing sales in 9M24
Lippo Cikarang (LPCK) recorded IDR 1.05T marketing sales in 9M24, achieving 74% of this
year’s IDR 1.43T target. The marketing sales achieved were driven by demand in the
residential segment, especially landed houses and shophouses which respectively
contributed 60% and 27%. The company’s main landed house products are the XYZ Livin,
Cendana Spark, Cendana Spark – North, and Waterfront Estate Uptown cluster products. In
9M24, the company succeeded in selling 1,136 units from housing, industrial, and commercial
land projects. Meanwhile, in terms of financial performance, LPCK reported IDR 981B revenue
in 9M24 (+23% yoy), driven by the handover of landed house units and shophouses to
consumers, as well as annual increases in industrial land income. However, after
accumulating other income and expenses, LPCK posted a net loss of IDR 1.6T, compared to a
net profit of IDR 106.30B in 9M23. (Bisnis Indonesia)
• TBIG will distribute an IDR 25 interim dividend per share
Tower Bersama Infrastructure (TBIG) will distribute an interim dividend of IDR 25 per share
or a total of IDR 566.4B. Meanwhile, TBIG distributed interim dividends based on the 9M24
financial report, with a net profit of IDR 1.16T. The cum dividend date is on 11 Dec 24, while the
payment date is on 27 Dec 24. (Bisnis Indonesia)