Aldira Sunrise 6 Desember 2024

• BMRI now holds 99.9% ownership in Mandiri Utama Finance
Bank Mandiri (BMRI) increased its share ownership to 99.9% in Mandiri Utama Finance (MUF)
while the other 0.01% of shares are owned by Mandiri Sekuritas. Previously, as of 9M24, Bank
Mandiri had only held 51% of MUF shares while Asco Investindo owns 37% and the remaining
12% is owned by Tunas Ridean. Bank Mandiri previously said that the additional capital
participation in MUF was based on the company’s commitment to strengthening its
business, one of which was developing the auto loan business from MUF, which has better
quality with more efficient operational costs. This can be achieved through increasing
synergy between MUF and BMRI to improve MUF’s performance in the long term. (Bisnis
Indonesia)
• CSAP continue store expansion in 2025
Catur Sentosa Adiprana (CSAP) continues its expansion by opening new outlets to maximize
its performance for the remainder of this year. So far, 7 Mitra10 stores have been opened in
Jambi, Shila Sawangan, Jababeka, Samarinda, Purwokerto, Kendari, and Madiun, with
Mitra10 Garut store which will open soon. By the end of 2024, the target of opening 8 new
Mitra10 stores and 6 new Atria stores has been achieved. This outlet expansion agenda is in
line with CSAP’s long-term target to operate 100 stores by 2030. For this reason, store
openings will continue until 2025. Referring to previous reports, CSAP allocated capex funds
worth IDR 850B this year. Regarding the capex absorption that has been realized, CSAP
admits that it is still in internal calculations. (Kontan)
• UNTR sets optimistic target for next year
United Tractors (UNTR) is aiming to sell 4,600 units of heavy equipment, an increase
compared to heavy equipment sales this year, which are projected to reach 4,350 units. From
mining services, UNTR clients’ coal production target has increased to 150 – 152M tons,
compared to this year’s guidance of around 145 – 147M tons. Meanwhile, the volume of
overburden removal is still stable at the level of 1.2 – 1.3B bank cubic meters (bcm). Continuing
to the coal segment, UNTR increased its sales target from around 13M tons in 2024 to 14M
tons in 2025. Likewise, the gold sales target increased from around 235,000 Oz to 240,000 Oz
in 2025. The increase also occurred in nickel ore sales which are projected to increase from
1.9M wet metric tons (wmt) to 2M wmt. (Kontan)