anindya_bakrie
President Director of PT Bakrie & Brothers and President Commissioner of PT VKTR Teknologi Mobilitas, Anindya Novyan Bakrie, said that Bakrie Group is considering carrying out a buyback or repurchase of a number of company shares that have been released to the public.
Anindya, son of top businessman Aburizal Bakrie, cited that this buyback plan is in line with the results of discussions in a meeting held between a number of conglomerates with the Indonesian Stock Exchange (IDX) and the Financial Services Authority (OJK) regarding the stability of the country's capital market on Monday, March 3, 2025.
He said that currently the prices of several issuers are below fair value and are considered an attractive opportunity. He also emphasized that buyback decisions must still consider technical and fundamental analysis of the company to be in line with long-term strategies.
"So we will see how the asset allocation is, we will consider (buyback)," Anindya said on Monday, March 3, 2025.
He assessed that buybacks have great potential not only in building positive sentiment in the market, but also providing benefits for the company in the long term.
According to him, if a company can buy shares at a low price and the value suddenly increases, this will strengthen the company's valuation in terms of share transactions.
He hopes that the buyback can be done flexibly without having to rely on the approval of the GMS so that the company can move more agilely in facing market dynamics. Asked about which company that will do the buyback, Anindya said he is still discussing about it.
"With the support in the capital market, of course it can make local investors, especially retail, and also foreign investors really become confident," he added.
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