A strong rebound of Saratoga’s portfolio performance in Q1 2019
Jakarta, April 29 2019 – PT Saratoga Investama Sedaya Tbk. (ticker code: SRTG) posted a
net profit of 1.1 trillion during the first quarter of 2019, a significant increase from the same
period last year. The increase in net profit, though unrealized, was mostly contributed by the
share price rally of PT Adaro Energy Tbk. (ticker code: ADRO), PT Mitra Pinasthika Mustika
Tbk. (ticker code: MPMX) and PT Tower Bersama Infrastructure Tbk. (ticker code: TBIG).
This marked a good recovery of Saratoga’s portfolio companies from last quarter.
Saratoga President Director Michael Soeryadjaya stated that during the first quarter,
Saratoga’s overall portfolio rebounded nicely from last quarter and outperformed the Jakarta
Stock Exchange Composite index (JCI) which rose 4 percent during the same period.
“We are glad to see that the equity investors recognized the growth potential and value of
these companies. As a long-term shareholder, we continue to put our focus on the
fundamental strength of these companies and provide our support. Looking forward, as the
presidential election went smoothly, and the uncertainty is eased from the market, we are
optimistic that our portfolio companies will have a great year ahead” Michael said in Jakarta
In addition to supporting its existing portfolio companies, Saratoga has also deployed fresh
capital in the first quarter 2019. In February, Saratoga launched a Voluntary Tender Offer for
MPMX shares. As a result, Saratoga has purchased 160 million MPMX shares and officially
became the majority shareholder of MPMX. “The Voluntary Tender Offer is an effort to
strengthen our investment portfolio in the consumer sector. MPMX plays an important role in
our consumer portfolio, and we look forward to working closely with the management of MPMX
to achieve great things together going forward.” explained Michael.