• BSDE completes tender offer for SMDM
Bumi Serpong Damai (BSDE) has completed the mandatory tender for shares of Suryamas
Dutamakmur (SMDM) from 17 Dec 24 to 15 Jan 25. The mandatory tender offer was made for
a maximum of 382,016,642 shares or 8.01% of the issued and fully paid capital in SMDM. There
were 59 shareholders who sold their shares in the mandatory tender offer with the number
of shares sold being 333,013,393 or 6.98%. With a mandatory tender offer price of IDR 531 per
share, BSDE spent IDR 176.83B in the transaction. Previously, BSDE allocated funds for the
tender offer worth IDR 202.85B. After the transaction, BSDE’s share ownership in SMDM
increased from 91.99% to 98.97%. Thus, the portion of SMDM’s public shares remaining is only
1.03% or far below the minimum free float limit required by the Indonesian Stock Exchange
of 7.5%. (Bisnis Indonesia)
• DMAS achieved IDR 1.87T marketing sales in 2024
Puradelta Lestari (DMAS) achieved marketing sales of IDR 1.87T in 2024, 3.73% higher than
the 2024 marketing sales target of IDR 1.81T. Marketing sales from the industrial segment still
dominate, amounting to IDR 1.80T or contributing 96.06% of the total. It was recorded that
59 ha were sold on industrial land during 2024. Then, the residential segment contributed
IDR 43B or 2.30%, and the commercial segment IDR 31B or 1.64% of pre-sales in 2024. The
marketing sales achievement of this industrial segment is dominated by sales to Data
Centers, which is around more than 60%. Apart from that, various sectors such as FMCG,
logistics sector, automotive sector and its derivatives, and other sectors also contributed to
the achievement of DMAS industrial land last year. The company also continues to develop
commercial areas and residential areas. (Kontan)
• PTBA sold 42.9M tons of coal in 2024
Bukit Asam (PTBA) recorded coal sales of 42.9M tons in 2024 (+16% yoy). The sales
achievement was supported by coal exports of 20.3M tonnes in 2024 (+30% yoy). Meanwhile,
the realization of Domestic Market Obligation (DMO) was 22.6M tons (+6% yoy). PTBA’s coal
sales are dominated by the domestic market. However, in terms of the export mix, the share
is increasing. Currently, the domestic market portion is 53% and exports are 47%. PTBA had
successfully maximized the potential of key markets, such as exports to India which
increased 32% to 6.4M tons. Apart from that, exports to Vietnam were recorded at 3M tons
(+250% yoy), followed by Thailand at 1.6M tons (+153% yoy), and Malaysia at 888,700 tons
(+221% yoy). The increase in PTBA coal sales is also supported by the realization of production
of 43.3M tons and coal transportation of 38.2M tons throughout 2024. In 2025, PTBA targets
coal production of 50M tons, sales of 50.1M tons, and transportation of 43.2M tons. (Bisnis
Indonesia)
