Petrindo Jaya Kreasi stock enters SINI talks with 27.78% stake

Published on 10/07/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrindo Jaya Kreasi stock was last at IDR 855 on October 7, 2026, while first-half profit rose to USD 19.78 million. Its SINI stake stands at 27.78 percent.

Petrindo Jaya Kreasi, ID1000187206, Illustration mit AI erstellt.

Petrindo Jaya Kreasi stock was last at IDR 855 on the IDX on October 7, 2026 at 2:45 p.m. WIB, up IDR 5 or 0.59 percent from the prior close. The company is also weighing a possible takeover of Singaraja Putra after building a 27.78 percent stake.

SINI stake reaches 27.78 percent

According to Indo Premier on October 1, 2026, Petrindo Jaya Kreasi held 27.78 percent of Singaraja Putra through direct and indirect ownership. The reported structure consists of 7.90 percent through Kreasi Jasa Persada and 19.88 percent through Petrosea.

The negotiations cover the transaction structure, the final share percentage, the purchase price and the timetable. That makes the stake a concrete strategic position, while the eventual control outcome still depends on the terms agreed by the parties.

First-half profit rises sharply

Katadata reported that Petrindo Jaya Kreasi's profit attributable to the parent company rose to USD 19.78 million in the first half of 2026 from USD 1.94 million in the first half of 2025. The increase was USD 17.84 million, or 919.6 percent, on the same reported profit basis.

The company's investor-relations page lists fiscal-year 2025 revenue of USD 1.21562 billion, gross profit of USD 159.97 million and net income of USD 152.00 million. The figures place the first-half profit improvement alongside a business that generated double-digit annual revenue growth in the latest full-year information published by the company.

Stock remains far below yearly high

The October 7 price was IDR 2,035 below the 52-week high of IDR 2,890 and 70.4 percent below that level. The same session showed an intraday range of IDR 840 to IDR 870, with volume of 171,962,700 shares.

Market capitalization stood at IDR 96.1 trillion on October 7, 2026. For investors, the central tension is visible in the numbers: a sharply higher first-half profit and a large strategic stake are set against a share price still well below its yearly peak.