Protelindo pays IDR 200 billion. Sarana Menara Nusantara stock sits 59.83 percent below high

Published on 10/19/2026 at 00:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached IDR 7.2 trillion, up 4.8 percent year over year. UOB Kay Hian kept its IDR 530 target for Sarana Menara Nusantara stock.

Cash flow and growth markers

Protelindo declared an IDR 200 billion interim dividend on October 13, 2026.
First-half 2026 revenue reached IDR 7.2 trillion, up 4.8 percent year over year.
Market capitalization stood at IDR 26.7 trillion as of October 16, 2026.

TOWR, ID1000128804, Illustration mit AI erstellt.

PT Sarana Menara Nusantara (ID1000128804) received an IDR 200 billion interim dividend from subsidiary Protelindo on October 13, 2026. The payment adds a cash-flow marker as the tower operator expands its fiber and connectivity businesses, while the stock's latest quoted IDX value stood at IDR 1,185 on October 16, 2026 at 4:00 p.m. WIB.

Why does the dividend matter?

According to Investor.id, Protelindo set the interim payment at IDR 3.43 per share, or IDR 200 billion in total, under a decision disclosed on October 13, 2026. The parent company can direct the proceeds toward operations, capital spending, debt service or shareholder distributions.

The latest operating picture is more substantial than the dividend alone. In its Q2 2026 earnings call, Yahoo Finance reported that first-half revenue reached IDR 7.2 trillion, up 4.8 percent year over year. Connectivity revenue grew 33 percent, while the company said remaining contracted revenue exceeded IDR 100 trillion.

What changed in the last three updates?

On October 10, 2026, a Simply Wall St update retained a fair value of IDR 950 and cited more than IDR 100 trillion of contracted revenue. On October 12, 2026, UOB Kay Hian maintained its Buy rating and IDR 530 target. On October 13, 2026, Protelindo declared the IDR 200 billion interim dividend.

Stock valuation stays demanding

The latest IDX value of IDR 1,185 sat between the 52-week low of IDR 1,145 and high of IDR 2,950 on October 16, 2026. Market capitalization was IDR 26.7 trillion on that date. For investors, the key balance is clear: fiber and connectivity growth are expanding the business mix, while the dividend provides a measured cash-flow signal rather than a standalone earnings catalyst.