Danantara to Increase Indonesia's Stake in Huayou & CATL EV Battery Projects

INDUSTRY 
Danantara to Increase Indonesia's Stake in Huayou & CATL EV Battery Projects 
BPI Danantara will participate in the Huayou- and CATL-led EV battery projects to increase national ownership across the value chain. President Prabowo has instructed this be raised to 40–50%. Danantara's entry aims to support this target and address funding hurdles in both Huayou's USD 9.8 bn Project Titan (taken over from LG Energy Solution) and CATL's USD 6 bn Project Dragon. (Bisnis.com) 

COMPANY 
Kalbe Farma (KLBF) to Distribute IDR 1.7 Tn in Cash Dividends 
KLBF will distribute a cash dividend of IDR 1.7 tn (IDR 36/sh, Div. yield: 2.5%), equal to 52% of FY24 net profit. The dividend schedule is yet to be announced. (Bisnis.com) 

Sumber Alfaria (AMRT) Distributes IDR 1.4 Tn in Cash Dividends 
AMRT will distribute a cash dividend of IDR 1.4 tn (IDR 34.11/sh, Div. yield: 2.3%), equal to 45% of FY24 net profit of IDR 3.14 tn. The dividend is higher than last year's IDR 1.19 tn. Dividend schedule has not yet been announced. (Kontan) 

Midi Utama (MIDI) to Distribute IDR 246 Bn in Dividends, Allocates IDR 1.5 Tn for FY25 Capex 
MIDI will distribute a cash dividend of IDR 245.7 bn (IDR 7.35/sh, Div. yield: 2.6%), equal to 45% of FY24 net profit of IDR 546.4 bn, approved in its AGM on 22 May-25. Dividend schedule has not yet been announced. Additionally, MIDI has allocated IDR 1.5 tn in FY25 capex (vs IDR 1.4 tn in FY24), with ~60% targeted for opening 200 new stores, including Alfamidi, Alfamidi Super, and Midi Fresh. (Bloomberg Technoz)