Why Invest in Cikarang Listrindo

Pioneer Private Electricity Supplier in Indonesia

Pioneer Private Electricity Supplier in Indonesia

Since its operation in 1993, Cikarang Listrindo has positioned itself as a reliable partner for the 5 (five) major industrial areas of Jababeka Industrial Estate, MM-2100, East Jakarta Industrial Park, Hyundai Inti Development, and Lippo Cikarang, along with various industries operating in those areas.

Listed and Regular Dividend Paying Company

Listed and Regular Dividend Paying Company

Cikarang Listrindo is the first private power company listed on the Indonesian Stock Exchange with consistent returns to Shareholders. The Company managed to maintain a strong credit rating. In 2021, Moody’s upgraded the Company’s debt rating from Ba2 with a positive outlook to Ba1 with a stable outlook. This rating is one notch below Investment Grade. In addition, S&P affirmed our rating of BB+ with a stable outlook.

Diversified Industrial Customer Base and PLN

Diversified Industrial Customer Base and PLN

Cikarang Listrindo serves over 2,500 customers, consisting of multinational and big companies, and is diversified into various sectors, including automotive, electronic, plastic, and others. The Company also supplies electricity to PLN under an Electrical Power Supply and Purchase Agreement.

Well-Positioned to Capitalize on Strong Growth in Electricity Demand from Industrial Estates and Fast-Developing Areas

Well-Positioned to Capitalize on Strong Growth in Electricity Demand from Industrial Estates and Fast-Developing Areas

Cikarang Listrindo is the sole private electricity supplier to 5 leading industrial estates (IE) in Cikarang area, which as an integrated area, is one of the largest and most developed IE areas in Indonesia. This allows the Company to capitalize on growing power consumption as the estates grow.

Well-Positioned for Growth to Capitalize on Opportunities of the National Electricity Industry in Indonesia

Well-Positioned for Growth to Capitalize on Opportunities of the National Electricity Industry in Indonesia

The Government’s encouragement to improve ease of doing business and investment for foreign and domestic investors opens up opportunities for Cikarang Listrindo to meet the industrial electricity needs serving the industrial areas.

Excellent Operational Capabilities and Strong Maintenance Track Record

Excellent Operational Capabilities and Strong Maintenance Track Record

Cikarang Listrindo’s operations are supported by the best equipment and a well-trained, in-house O&M organization.

Solid Management Team with Extensive Experience

Solid Management Team with Extensive Experience

The Company has a highly experienced management team with around 264 years of cumulative experience in the power sector and proven track record in management and business development.

Environmental, Social, and Governance (ESG)-Based Sustainable Business Growth

Environmental, Social, and Governance (ESG)-Based Sustainable Business Growth

Cikarang Listrindo is committed to managing and developing its business by upholding economic, environmental, social, and governance considerations. CFB boiler technology and biomass handling system enable us to utilize biomass fuel. The Company also continues to increase its service for providing solar energy. With the spirit of “Powering Goodness”, the Company strives to realize sustainable growth with all stakeholders for the future.

Financial Highlights

Net Sales

515.0

Million US Dollar

Total Assets

1,359.0

Million US Dollar

Profit for The Year

90.0

Million US Dollar

Dividend Yield

8.7

%

* as per 2021

Listrindo Stock Information

IDX: POWR

Cikarang Listrindo Tbk

675

-5 (-0.74%)

HIGH

685

LOW

675

OPEN

680

CLOSE

675

VOLUME

1,481,700

FREQ

450


LAST UPDATE : Nov 30, 2022

Analyst Coverage

Cikarang Listrindo is covered by the analyst listed below. Please note that any opinions, estimates or forecasts regarding Cikarang Listrindo's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Cikarang Listrindo or its management.

Brokerage Analyst Telephone Email
Citigroup Securities Indonesia Rohit Thombre +91-22-4277-5180 [email protected]
PT Danareksa Sekuritas Niko Margaronis +62-21-2955-5888 [email protected]
PT Indopremier Sekuritas Hans Tantio +62-21-5088-7200 [email protected]
PT Korea Investment & Sekuritas Indonesia Edward A. Tanuwijaya +62-21-2991-1888 [email protected]
PT Macquarie Sekuritas Indonesia Richard Danusaputra +62-21-2598-8368 [email protected]
PT Mandiri Sekuritas Henry Tedja +62-21-526-3445 [email protected]
PT RHB Sekuritas Indonesia Fauzan L. Djamal +62-21-5093-9994 [email protected]
PT Stockbit Sekuritas Digital Theodorus Melvin +62-21-50959-330 [email protected]
PT UOB Kay Hian Sekuritas Benyamin Mikael +62-21-2993-3914 [email protected]
PT Valbury Sekuritas Indonesia Alfiansyah +62-21-2553-3600 [email protected]
PT Verdhana Sekuritas Indonesia Sandy Ham +62-21-5098-5799 [email protected]
PT Verdhana Sekuritas Indonesia Kevin Karamoy +62-21-5098-5799 [email protected]
PT Yuanta Sekuritas Indonesia Chandra Pasaribu +62-21-318-9541 [email protected]

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