JPFA Planned Share Buyback of Up to IDR 470 bn

JPFA Planned Share Buyback of Up to IDR 470 bn

JPFA planned a share buyback of up to 2% of its outstanding shares, allocating a maximum of IDR 470 bn. The buyback aimed to enhance ROE and provide capital management flexibility. Shareholders will vote on the plan at an EGM on 10 Apr-25. (Bisnis.com)

MACROECONOMY

Trump Delayed 25% Auto Tariffs on Canada and Mexico for One Month
Trump granted a one-month exemption for North American-built vehicles complying with USMCA rules, delaying the 25% tariff set for 02 Apr-25. The pause eases pressure on automakers, especially pickup truck makers, as about a third of U.S. pickups are made in Canada and Mexico. Automakers warned of higher prices and supply chain disruptions. (Reuters)

COMPANY

United Tractors (UNTR) Recorded 29% Growth in Komatsu Sales in Early 2025
UNTR sold 536 Komatsu heavy equipment units in Jan-25 (vs Jan-24; +29%; 518 units). The mining sector accounted for 72% of sales, followed by construction (11%), forestry (9%), and agriculture (8%). In 2024, UNTR sold 4,420 units (vs 2023; -16% YoY; 5,270 units) due to weaker demand in mining, construction, and forestry. UNTR's Komatsu market share stood at 26%, while Scania truck sales fell 39% to 436 units, and UD Truck sales declined 14% to 234 units. UNTR targets 4,600 unit sales in 2025. (Bisnis.com)