At Gocap Price, Company Director Snaps Up 2 Million Shares of South Jakarta Property Firm

The share price of PT Repower Asia Indonesia Tbk (REAL) remains stuck at the gocap level, or Rp 50. A director of the property company has seized this moment to buy up shares in the firm, which has been officially listed on the Indonesia Stock Exchange (BEI) since December 2019.

Director of PT Repower Asia Indonesia Tbk (REAL), Sjafardamsah, has purchased shares in the company. The move serves as a signal of management’s confidence in the long-term prospects of the property and real estate issuer.

REAL’s management announced that Sjafardamsah bought 2 million company shares on 22 June 2026. According to the public disclosure, Sjafardamsah spent Rp 100 million to acquire the shares. Consequently, the purchase price for the REAL shares by Sjafardamsah was the normal price of Rp 50.

The transaction was carried out for investment purposes. This purchase also represents Sjafardamsah’s initial share ownership in REAL. Management explained that following the transaction, Sjafardamsah’s shareholding in REAL reached 0.03 per cent.

According to the company, this step reflects management’s belief in the company’s value and REAL’s long-term prospects in developing its property portfolio while expanding its business into the digital property and technology infrastructure sectors.

‘After the transaction, Sjafardamsah’s share ownership in REAL reached 0.03 per cent. This serves as a positive signal from an internal party regarding the business fundamentals currently being pursued,’ wrote REAL’s management in its disclosure to the IDX.

Insider Buying Often Attracts Investor Attention

In the capital market, share purchase transactions by directors or internal management, known as insider buying, often draw investor attention. Such actions are generally viewed as a signal of optimism regarding the company’s business prospects, although they are not a guarantee that the share price will rise in the future.

In the case of REAL, the share purchase by one of its directors demonstrates an internal commitment to the business development strategy the company is currently executing.

REAL Focuses on Property and Digital Infrastructure Development

PT Repower Asia Indonesia Tbk is a property company headquartered in Kalibata, South Jakarta. The company develops a portfolio of residential and commercial properties while exploring growth opportunities in the digital property and technology infrastructure segments, including data centres in the Greater Jakarta area.

Some of REAL’s property projects include Botanical Puri Asri in Depok, West Java; Pondok Cabe Residence in Pondok Cabe, South Tangerang; and Palma Residence Pejaten in Pasar Minggu, South Jakarta.