JAKARTA - PT Metrodata Electronics Tbk (MTDL) expects the impact of the weakening Rupiah (IDR) against the US Dollar (US$) to be felt in the next three months.

This was conveyed by Susanto Djaja, President Director of MTDL, in response to the Rupiah's decline following the United States (US) implementing reciprocal tariffs on imported products on Wednesday (April 2, US time).

"If the Rupiah weakens significantly, it will affect the prices of Information Technology (IT) and smartphone products in the next three months," he stated in Jakarta, Friday (April 3).

He noted that the consistent decline of the Rupiah exchange rate would decrease the public's purchasing power. "The direct impact (as of now) is not visible yet. The technology sector will be more affected if the Rupiah continues to weaken," he added.

According to him, the company remains committed to MTDL's strategy in its distribution business line and solutions and consulting business, despite global economic turmoil caused by tariff wars between the US and several trading partner countries. "In the distribution business segment, we remain dominant among big vendors and big resellers. For the solutions and consulting business, we aim to become the largest provider of Data and AI in the next three years, including expanding penetration into Banks categorized as Buku 3 and Buku 2 by replicating successful solutions used in Buku 4 Banks," he elaborated.

MTDL has also implemented hedging for the company’s projects to anticipate losses from foreign exchange fluctuations. "Purchases of laptops from principals are already in Rupiah," he explained.

Throughout 2024, this issuer generated revenues of IDR25 trillion, growing 13.9% from IDR22.08 trillion in 2023, and net profit strengthened by 13.7% to IDR739.8 billion from Rp650.76 billion. The distribution business contributed IDR19.6 trillion to MTDL's revenue, up 18.8%, while the Solutions Business contributed IDR6.2 trillion, stable compared to 2023.

The Rupiah exchange rate fell to 16,776 in yesterday's (April 3) trading session, down 0.33% from the previous day. The weakening of currencies across several Asian countries occurred after President Donald J. Trump announced reciprocal tariff policies for imported products from trading partner countries. (LK/LM)