Danareksa Advisory Service Supports BUMN Performance Acceleration

18 January 2022

News

Jakarta, January 18, 2022-PT Danareksa (Persero) ("Danareksa") continues to be committed to carrying out the functions and roles of advisory for companies within the Ministry of SOEs, government agencies, or private parties. This time, the Ministry of SOEs appointed Danareksa to accelerate the performance of SOEs through monetization of the assets of BUMN companies. In this case, Danareksa opens the opportunities of investors to have BUMN property assets or conduct partnerships through established mechanisms. This step is expected to improve the performance of SOEs in the framework of the company`s transformation in line with the direction of the Minister of SOEs, Mr. Erick Thohir. PT Danareksa Investment Director (Persero), Chris Soemijantoro said, "With strong support and extensive network as BUMN and parent from the Danareksa Group, We are optimistic that we can carry out the mandate of the government in accelerating BUMN assets. Through monetization of the assets of BUMN and Partnerships companies, we believe the performance of BUMN will be more brilliant and the company`s financial liquidity will be maintained. Furthermore, SOEs will be more free to contribute to the state through business operations that are run. "In this project, Danareksa opens opportunities for investors to have 87 property assets owned by BUMN with a total area of ​​1,986 hectares (ha), consisting of hotels, apartments , Commercial areas, high rise buildings, housing, and vacant land spread throughout Indonesia. Some of the property assets are already in the completion stage and some are still in the construction stage. "These assets will be offered based on clusters or partly stand alone. Investors who are interested in participating in this program are expected to complete the administration and registration process. The details about the process will be informed at the launch of the product in January 2022, "explained Chris. And Sareksa is optimistic that the optimization of BUMN assets can increase the contribution of BUMN to the state budget, in line with the focus of the Minister of SOE Erick Thohir who will transform the BUMN in the next two years. This optimism reflects on the net profit of the first semester of SOE companies this year which reached Rp 26 trillion, increased significantly from the previous period in 2020 of Rp 6 trillion. In addition to carrying out Portfolio Management & Advisory business activities, PT Danareksa also seeks to maintain the company`s financial liquidity through Liquidity Management (LM). Through this activity, Danareksa provides funds for the business activities of the company and subsidiaries, as well as managing the funds available in the form of placement in the Money Market Instrument. And Sareksa also has a Danareksa Research Institute (DRI) service that provides economic research services for the company`s internal, government and perpetrators business in the general and private sector.