Bach Multi Global (BACH) Commits to Maintaining Performance Until 2030, Here's the Strategy

Amid current market challenges, PT Bach Multi Global Tbk (BACH) is optimistic about continuing its business expansion and maintaining performance.

BACH officially listed on the Indonesia Stock Exchange (IDX) on 8 July 2026. It became the fourth issuer to list on the IDX in 2026.

This Djarum Group issuer is a company in the telecommunications infrastructure sales and rental sector, established in 2006.

Initially, BACH’s business focused on selling generators for the power needs of the communications sector. Over time, the company developed its business into an integrated service provider covering the construction and maintenance of telecommunications infrastructure across various regions of Indonesia.

First, the generator sales and rental business segment. BACH is the sole agent for the Himoinsa brand in Indonesia and also markets various other international generator brands.

In addition to sales, BACH also operates a generator rental business for diesel power plant (PLTD) needs as well as commercial needs for various projects in Indonesia.

Second, the telecommunications infrastructure construction and maintenance services segment. In this segment, BACH provides various telecommunications infrastructure development services.

Namely, Site Acquisition (SITAC), construction of BTS towers, Civil, Mechanical and Electrical (CME) works, construction of fibre optic networks, colocation of telecommunications equipment, and dismantling and relocation of telecommunications towers.

In last month’s Initial Public Offering (IPO), BACH offered a maximum of 615 million new shares, equivalent to 15.06% of the issued and fully paid-up capital post-IPO.

With an offering price range of Rp 400 - Rp 500 per share, BACH ultimately set the IPO price at Rp 442 per share. As a result, the company raised fresh funds of up to Rp 271.83 billion.

On its first day of trading, BACH even hit the upper auto rejection limit (ARA) after surging 24.43% to a price of Rp 550 per share.

In using the IPO proceeds, BACH plans to use Rp 91.02 billion of the IPO funds, after deducting various issuance costs, to repay part of its debt to PT Bank Permata Tbk under a short-term loan facility.

BACH’s debt-to-equity ratio (DER), which was originally around 1.3x before the IPO, is also confirmed to decrease to 0.8x.

The remaining IPO funds will be used as working capital by BACH, namely for the purchase of generators for sale or rental.

BACH President Director Budi Kurniawan said this strategic move serves as a foundation for the company to accelerate business expansion in the energy supply and telecommunications infrastructure development sectors, which continue to grow in line with the increasing need for digital connectivity and reliable electricity supply in Indonesia.

Currently, BACH manages more than 40,000 sites, distributes more than 20,000 generator units, and serves more than 200 corporate customers from various strategic sectors, including telecommunications companies, banking, energy, and government.

This industrial sector issuer is also trusted by various major companies such as Protelindo Group, PLN Group, Bank Mandiri, Bank Rakyat Indonesia, Huawei, and Indosat Ooredoo Hutchison.

“The combination of two business lines provides revenue diversification while strengthening business stability through long-term contracts and recurring revenue, which is one of the company’s main strengths,” he said after the IPO at the IDX Building, Wednesday (8/7/2026).

In terms of net profit, BACH recorded a profit for the year of Rp 155.55 billion in 2025, an increase of 97.55% compared to Rp 78.74 billion in 2024. Meanwhile, total comprehensive income for the year was recorded at Rp 151.96 billion, up 90.21% from Rp 79.89 billion in the previous year.

By 2030, in line with its projected revenue growth target, BACH also projects the company’s net profit could rise 158% to Rp 401 billion.

Budi said the performance target is also supported by the backlog and orders the company has secured throughout 2026. Unfortunately, the exact value of the revenue and profit growth targets for this year has not been disclosed in detail.

“We are very optimistic because we see Indonesia’s economic growth, as well as our business lines in power systems and telecommunications infrastructure, which are basic needs of society,” he explained.

BACH has also anticipated measures to deal with fluctuations in the rupiah exchange rate against the US dollar. Namely, by increasing selling prices and conducting currency hedging.

BACH Director Hasby Jap added that the revenue target of Rp 3 trillion by 2030 is relatively moderate compared to the company’s historical growth rate.

This is because BACH’s revenue grew by around 39% in the 2023–2024 period, then increased again by around 25% in 2024–2025.

The growth strategy will focus on increasing power plant rental capacity by up to 50 megawatts (MW) per year, developing new energy business lines, and increasing telecommunications network construction projects.

Then, strengthening long-term contract-based revenue, as well as operational transformation through digitalisation and improving service quality to customers.

In the next three years, BACH plans to add to its fleet for generator rental and sales. “We also intend to focus on hybrid power, solar panels with batteries, and energy storage systems going forward,” he explained.

In addition, the presence of Djarum Group behind BACH is also one of the company’s guarantees in maintaining future performance. For reference, the ownership of Djarum subsidiary PT Global Telekomunikasi Prima (GTP), as the controller and majority shareholder, reaches 51% of BACH’s total shares.

BACH President Commissioner Anita Anwar said that GTP’s presence as the controlling shareholder of BACH strengthens the company’s fundamental position.

This is because GTP is a telecommunications company that aligns with BACH’s strength in the infrastructure construction and telecommunications maintenance business line. This means that synergy and collaboration between GTP and BACH will be established harmoniously.

According to RTI, BACH shares are currently at Rp 482 per share. The price has fallen 9.06% over the past month.