After Sayurbox-Halodoc, Astra Group Aims for This Investment

Jakarta, CNBC Indonesia The holding company of the Astra Group, PT Astra International Tbk (ASII), will aggressively invest in new economic sector companies (new economy) to green investment (green investment) in the 2022 capital expenditure allocation.

Head of Investor Relations of Astra International, Tira Ardianti, said the company is currently still evaluating the amount of the Astra Group’s planned capital expenditure after evaluating the results of financial performance throughout 2021 which have been audited.

Just to illustrate, throughout 2021, this ASII-coded issuer has budgeted capital expenditures or capital expenditure (capex) reached Rp 11 trillion – Rp 12 trillion, higher than last year’s previous year of around Rp 8 trillion.

“The size of the planned capital expenditure takes into account various factors, including economic conditions in Indonesia and the existing business opportunities,” Tira said when contacted by CNBC Indonesia, Monday (17/1/2022).

Tira added that most of Astra’s capital expenditures were used to replace heavy equipment in PT PAMA’s mining service contract business, followed by other businesses.

“In addition, Astra also continues to explore existing business opportunities, including: green investment and invest in new economy, “he said.

As is known, previously the Astra Group was the main investor (lead investor) at two service startups telemedicine, Halodoc, day e-commerce groceries, Sayurbox.

Astra injected capital of US$ 5 million or equivalent to Rp. 73 billion (exchange rate of Rp. 14,500/US$) in Sayurbox and around US$ 35 million or equivalent to Rp. 508 billion in Halodoc, in March and April 2021, respectively, bringing the total to US$ 40 million or equivalent to Rp. 580 billion.

ASII’s President Director, Djony Bunarto Tjondro, said the Astra Group’s investment was in line with digitalization efforts carried out in the last few years. Previously, Astra had also invested in start-up Gojek.

[Gambas:Video CNBC]



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