{
    "success": true,
    "data": {
        "id": 1707335,
        "msgid": "bnbr-in-the-spotlight-planning-jumbo-rights-issue-and-entering-this-business-1777431148",
        "date": "2026-04-29 09:25:59",
        "title": "BNBR in the Spotlight, Planning Jumbo Rights Issue and Entering This Business",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "PT Bakrie & Brothers Tbk (BNBR), the holding company of the Bakrie Group, has drawn significant market attention with its robust corporate actions, including a 50.7% surge in net profit to Rp493.85 billion in 2025, driven by accounting gains from the acquisition of a 90% stake in PT Cimanggis Cibitung Tollways. The company is preparing a massive rights issue of 86.7 billion new shares at Rp12 each to raise funds primarily for debt repayment, aiming to slash its debt-to-equity ratio from 536.02% to 211.57%. With a healthier balance sheet, BNBR is expanding into the high-growth data centre sector through its affiliate, acquiring strategic land in West Jakarta for an urban facility, amid a stock rally exceeding 400% in six months.",
        "content": "<p>Jakarta, CNBC Indonesia - The listed holding company of the Bakrie\nGroup, PT Bakrie &amp; Brothers Tbk (BNBR), is currently the main focus\nof attention among market participants due to a series of corporate\nactions. The company\u2019s net profit for 2025 was recorded to have surged\nby 50.7% to Rp493.85 billion.<\/p>\n<p>This profit increase has attracted considerable attention because it\noccurred amid a slight decline in the company\u2019s operational revenue to\nRp3.74 trillion. The main driver of this performance apparently stems\nfrom book profit, or accounting gains, amounting to Rp422.37 billion.\nThese gains result from the obligation to revalue assets in accordance\nwith accounting standards, shortly after BNBR completed the acquisition\nof a 90% stake in PT Cimanggis Cibitung Tollways (CCT) at the end of\n2025.<\/p>\n<p>On the other hand, BNBR is currently finalising an action for Capital\nIncrease with Pre-emptive Rights (PMHMETD), or a jumbo-scale rights\nissue. The company will issue 86.7 billion new Series E shares at an\nexercise price of Rp12 per share with a 2:1 ratio. It is planned that\nthe majority of the fresh funds obtained from this will be allocated to\nrepay trillions of rupiah in debt to several parties.<\/p>\n<p>This balance sheet restructuring move is projected to substantially\nimprove the company\u2019s capital structure, with a target to reduce the\nDebt-to-Equity Ratio (DER) from 536.02% to 211.57%.<\/p>\n<p>With a much healthier balance sheet, BNBR is now paving the way for\nexpansion into a sector promising high growth, namely the data centre\nbusiness. Through its affiliate entity, PT Multi Kontrol Nusantara\n(MKN), the company has realised the purchase of strategic land spanning\n1.67 hectares in Kalideres, West Jakarta, with a transaction value of\nRp500 billion.<\/p>\n<p>The land is being prepared for building an inner city data centre\nfacility, a model of data centre in densely urban areas that is\ncurrently in demand by technology giants. This expansion is also\naccompanied by strict risk mitigation; BNBR holds a special clause\nrequiring the seller to return the down payment of Rp152.4 billion in\nfull, 100% without deductions, if the project is forced to be\ndiscontinued.<\/p>\n<p>The combination of fundamental catalysts, from the toll road\nacquisition, debt ratio improvement, to the sentiment of the company\nentering the technology ecosystem, has been responded to aggressively on\nthe stock exchange floor. BNBR\u2019s share movements have been very dynamic\nrecently, marked by a sharp surge of 12.62% to Rp232 per share,\ncompleting a rally that has pierced more than 400% in the last six\nmonths.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bnbr-in-the-spotlight-planning-jumbo-rights-issue-and-entering-this-business-1777431148",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}