Danantara’s Downstream Projects Poised to Generate Multiplier Effects for Listed Companies

INDUSTRY 
Danantara’s Downstream Projects Poised to Generate Multiplier Effects for Listed Companies 
Danantara commenced groundbreaking of six downstream projects worth USD 7 bn in Feb-26, spanning bauxite–alumina aluminum processing, bioethanol, bioavtur, integrated poultry farming, and salt processing, marking a shift of Indonesia’s downstream agenda into full execution mode. Aneka Tambang (ANTM) emerged as the most direct beneficiary through SGAR Phase 2 in Mempawah with Inalum, strengthening its bauxite–alumina value chain and earnings resilience, while Bukit Asam (PTBA) is expected to supply coal-based energy for alumina facilities. Indirect beneficiaries include PGAS and SMGR via infrastructure support for bioenergy projects, alongside CPO producers benefiting from bioethanol development. (Kontan) 

COMPANY 
Pantai Indah Kapuk Dua (PANI) Recorded Marketing Sales of IDR 4.3 tn in 2025 PANI recorded marketing sales (pre-sales) of IDR 4.3 tn throughout 2025, achieving 100 % of its annual target. The performance reflected steady demand across its project portfolio, with residential units contributing ~IDR 2.0 tn (47 %), land lots ~IDR 1.2 tn (28 %), and commercial products ~IDR 1.07 tn (25 %). The results underscore resilience in consumer interest for integrated living spaces and commercial assets within the PIK2 area amid macroeconomic dynamics. (Emitennews) 

Pakuwon Jati (PWON) Allocated Capex to Support Superblock Expansion Strategy 
PWON allocated IDR 2.2 tn in capex for 2026, focusing on continued superblock development, land acquisition, and operating asset expansion to strengthen long-term growth and recurring income. Around 49% of the budget is directed toward ongoing and new superblock projects, including apartment launches at Kota Kasablanka, landed houses in Surabaya township, and expansions in Pakuwon Mall and Semarang, while the remaining 51% supports asset base strengthening. The co. aims to balance expansion with financial stability as mall occupancy and visitor traffic improved throughout 2025, reinforcing recurring revenue, alongside the addition of three new hotel portfolios that further enhance integrated superblock synergies. (Kontan)