Blue Bird Strengthens Fundamentals Amid Capital Market Dynamics
PT Blue Bird Tbk (BIRD) has reaffirmed its commitment to maintaining consistent business growth amid capital market dynamics and potential global economic uncertainties. Director Adrianto Djokosoetono stated that performance consistency is key to maintaining investor confidence as a publicly listed company.
Adrianto explained that Blue Bird has met the public share ownership requirements (free float) established by the Indonesia Stock Exchange. The company’s public share portion currently stands at approximately 24.94 per cent, which is deemed sufficient to maintain trading liquidity in the market.
“We have met the free float requirement for some time now, currently around 24.94 per cent. Our management focus is on maintaining consistent growth,” Adrianto said at the Blue Bird 2026 Media Editor Iftar Gathering in Jakarta on Monday, 9 March 2026.
For investors focused on company fundamentals, the dividend yield of Blue Bird shares is considered sufficiently attractive. However, he emphasised that management is not solely pursuing short-term performance, but rather striving to ensure stable and sustainable growth.
Blue Bird is also monitoring global geopolitical dynamics, including conflicts in the Middle East that could disrupt energy and automotive component logistics routes. According to Adrianto, the company is exercising caution regarding potential impacts, particularly concerning fleet availability and operational costs.
“The next two months could be a quite critical period. Disruptions to logistics routes could result in longer delivery times and increased costs,” he said.
Regarding electric vehicle adoption, Blue Bird believes EV investments must be assessed comprehensively through the full ownership cycle, not just immediate operational metrics. According to Adrianto, calculations must account not only for operational costs but also purchase price and residual vehicle value.
“We must always view the complete ownership cycle—from purchase, through operation, to resale value. Electric vehicles are often considered cheaper, yet their initial prices are higher, and operating costs are not necessarily lower due to battery replacement and higher tyre costs,” Adrianto said.
He added that the resale value of electric vehicles currently tends to depreciate sharply. Consequently, Blue Bird is implementing a gradual transition strategy, maintaining electric vehicles at approximately 3–4 per cent of its total fleet. This approach is intended to preserve company profitability whilst maintaining investor confidence.
Currently, Blue Bird’s EV fleet remains in the tariff adjustment phase to reach its break-even point. “We are currently adjusting EV unit tariffs to pursue break-even. Even with vehicles like the BYD E6, overall costs are not fully covered,” Adrianto said.
According to him, petrol or internal combustion engine (ICE) vehicles maintain relatively stable resale values, whereas electric vehicles risk greater depreciation after several years of use.