Government Transfers Ownership of 13 State-Owned Enterprises to BKI for Strategic Restructuring

Government Transfers Ownership of 13 State-Owned Enterprises to BKI for Strategic Restructuring
The Indonesian government has transferred ownership of shares in 13 state-owned enterprises (BUMN) to BKI (Badan Pengelola Investasi/BUMN Investment Holding). These transfers affect three key sectors:
State-Owned Banks:
- Bank Mandiri (BMRI) – 52%
- ⁠Bank Rakyat Indonesia (BBRI) – 53.19%
- ⁠Bank Negara Indonesia (BBNI) – 60%
- ⁠Bank Tabungan Negara (BBTN) – 60%
Construction (BUMN Karya):
- Wijaya Karya (WIKA) – 91.01%
- Waskita Karya (WSKT) – 75.35%
- Adhi Karya (ADHI) – 64.33%
- PP (PTPP) – 51%
Other Sectors:
- Semen Indonesia (SMGR) – 51.2%
- Telkom Indonesia (TLKM) – 52.09%
- Jasa Marga (JSMR) – 70%
- Garuda Indonesia (GIAA) – 64.53%
- Krakatau Steel (KRAS) – 80%

 

COMPANY
BCAS: BBNI - 2M25 Earnings Grew +8.3% YoY

- BBNI's interest income grew to IDR 10.5 tn in 2M25 (+2.8% YoY). In Feb-25, it declined to IDR 5.0 tn (-8.5% MoM; +2.0% YoY). Interest expense in 2M25 increased to IDR 4.4 tn (+4.2% YoY). In Feb-25, interest expense decreased to IDR 2.1 tn (-9.3% MoM; +2.2% YoY). NII in 2M25 grew to IDR 6.1 tn (+1.8% YoY).
- Non-interest income expanded to IDR 3.2 tn in 2M25 (+11.0% YoY). In Feb-25, it also grew to IDR 1.6 tn (+5.1% MoM; +12.2% YoY).
- Provisioning in 2M25 declined significantly to IDR 969 bn (-19.7% YoY), with Feb-25 contributing IDR 455 bn (-11.5% MoM; -18.6% YoY). PPOP came at IDR 4.9 bn (+1.6% YoY). With Feb-25 PPOP slowed to IDR 2.4 bn (-1.6% MoM, +1.8% YoY)
- Net profit in 2M25 increased to IDR 3.3 tn (+8.3% YoY), while Feb-25 contributed IDR 1.7 tn (+2.1% MoM; +7.0% YoY).
- NIM slightly declined to 3.8% (vs. 3.9% in 2M24). LDR increased to 95.7% (vs. 87.8% in 2M24). Loan growth accelerated to 10.2% (vs. 6.7% in 2M24), while deposit growth slowed to 1.0% (vs. 9.9% in 2M24).

 

Bank OCBC NISP (NISP) to Distribute IDR 2.43 tn in Dividends for FY24
NISP has announced a cash dividend distribution for the 2024 fiscal year totaling IDR 2.43 tn, equivalent to IDR 106/sh. Div. yield 8.09%.
The dividend payout is based on the company's net profit of IDR 4.87 tn in 2024.
Dividend Distribution Schedule:
- Cum Dividend (Regular & Negotiation Market): 8 Apr-25
- Ex Dividend (Regular & Negotiation Market): 9 Apr-25
- Cum Dividend (Cash Market): 10 Apr-25
- Ex Dividend (Cash Market): 11 Apr-25
- Recording Date (DPS): 10 Apr-25 (16:00 WIB)
- Dividend Payment Date: 17 Apr-25