• CMRY aims for double digit revenue growth this year
Cisarua Mountain Dairy (CMRY) aims for double-digit sales growth of over 10% in 2025
through multiple strategies. The company plans to introduce innovative products in the
Premium Dairy and Premium Consumer Foods segments, enhance marketing and brand
equity through digital channels, and expand brand and product penetration beyond Java
and Sumatra. CMRY will also invest in production facilities, warehousing, and cold-chain
storage while strengthening its distribution network through Modern Trade, General Trade,
and Miss Cimory. Additionally, the company will focus on cost management. In 2024, CMRY
reported a 22.35% growth in net profit to IDR 1.51T, along with an increase in net sales of 16.11%
yoy to IDR 9.02T. (Kontan)
• RAJA divested 4.66% ownership in RATU
Rukun Raharja Tbk (RAJA) divested 126,521,500 shares, equivalent to 4.66% of the issued and
fully paid capital in Raharja Energi Cepu (RATU), during trading on 5 Mar 25. Despite this
divestment, RAJA remains the main shareholder of RATU with a 75.34% ownership stake. The
company has not disclosed specific details of the transaction, including the price, value, and
the party that acquired the shares. According to Yuni Pattinasarani, RAJA’s Corporate
Secretary, the transaction does not affect RAJA’s control over RATU. Both companies are
controlled by Happy Hapsoro, who holds a 28.23% stake in RAJA and remains the final
beneficiary of both RAJA and RATU. Prior to the transaction, RAJA owned 2.17 billion shares,
representing 79.99% of RATU’s total shares. (Kontan)
• SRIL required to buyback shares before delisting
Sri Rejeki Isman (SRIL) is required to buy back public shares before being officially delisted
from the Indonesian Stock Exchange (IDX), following its bankruptcy declaration. According
to IDX Director of Corporate Valuation, I Gede Nyoman Yetna, SRIL shares have been
suspended since 18 May 21, already exceeding the 24-month suspension limit. Despite
meeting delisting criteria, the IDX cannot proceed without ensuring public investor
protection and is awaiting official legal documents confirming SRIL’s bankruptcy. If the
bankruptcy status is finalized, IDX will report to the Financial Services Authority (OJK). The
transition from a public to a private company requires General Meeting of Shareholders
(GMS) approval and a share buyback, ensuring appropriate settlement for shareholders. The
buyback process must be completed within six months, with a possible extension of another
six months if needed. (Bloomberg)
