October 30, 2024
Jakarta, October 30, 2024. Located in the Main Hall of the Indonesian Stock Exchange, the President Director of PT Indonesia Kendaraan Terminal Tbk (IDX:IPCC), Sugeng Mulyadi was one of the speakers at the Go Public Talk Show with the theme "Sustainable Growth of the Port Sector by Optimizing Financing Through Go Public”. Sugeng Mulyadi had the opportunity to share his experience in managing companies in the port sector. As is known, the port sector, as a relatively new player in the stock exchange world, has recorded an increase in financial terms since the start of the IPO until now. The event was opened by the President Director of the Indonesian Stock Exchange, Iman Rachman and continued with remarks by the General Chairperson of the Indonesian Port Business Entities Association (ABUPI), Aulia Febrial Fatwa.
From the start of the IPO in 2018 until now, IPCC continues to record excellent performance growth in the financial sector, by continuing to transform using IPO proceeds which are used for capital expenditure (investment), land rental and working capital. With this "fresh money", IPCC succeeded in recording expansion to a number of vehicle terminals in Indonesia as a concrete step for IPCC to create a superior and connected vehicle terminal ecosystem. Equipped with fundamentals followed by good liquidity, visionary management and capable performance, in 2023 IPCC succeeded in registering its name on the Russell Group FTSE (Financial Times Stock Exchange) Index as a Micro Cap which specializes in providing a global financial market reference index based in English.
"The profits of these two Port subsidiaries are quite brilliant, of course I believe that when reliable management will bring the company to achieve better achievements than before, opportunities will arise when management likes to accept challenges, there will be many other business opportunities that can be obtained when management likes accepting the challenge, as this IPO has become a cultural way of life, this is what I think we need to consider," said Iman Rachman.
Aulia Febrial continued "as is clear evidence of two Port subsidiaries which have successfully transformed post-IPO, I hope that today's event can provide a more detailed picture, the IPO if carried out by BUP (Port Business Entity) will have a better impact on business. "My dream is that a BUP company that has had a concession for more than 30 years, armed with a sustainable business and good fundamentals, should be able to IPO".
In the Q3 2024 financial report, IPCC's performance recorded an increase in both operational and financial aspects. As is known in the financial report that was just released this week via XBRL and press release, the IPCC's financial performance recorded an increase of 4% YoY (Year on Year). "With a good core business, strategic initiatives oriented towards customers, performance that continues to grow after the IPO accompanied by a roadmap and business expansion that can strengthen the IPCC brand as an integrated and connected vehicle terminal operator, proving IPCC's role as a sustainable company. In the future, IPCC will continue to strive to provide the best contribution to shareholders, customers and stakeholders." concluded Sugeng.
