JAKARTA. The financial performance of PT Samudera Indonesia Tbk (SMDR) has indeed slowed down within the first nine months (9M) of 2024. However, the stock still reaps positive response from foreign investors, as indicated by robust foreign buy seen since the beginning of this month.

According to IDNFinancials data, foreign net buy of SMDR was reported at 11.15 million shares, accumulated since November 1, 2024.

Total transaction volume of SMDR was recorded at 289.01 million, with total transaction value of IDR 86.89 billion, and frequency of 35,280.

SMDR itself showed 0.71% or 2-point increase at yesterday’s (29/11) closing bell to IDR 284 per share. Within the past 6 months, its increase has reached 2.90% or 8 points.

It is worth mentioning that earlier this month, SMDR announced capital expenditure allocation of USD 120 million, equal to IDR 1.88 trillion. It will be spent on the acquisition of 12 new vessels until the end of this year. The new vessels are booked from Chinese and Japanese shipyard companies.

Currently, SMDR is listed as a constituent of Indeks Tempo-IDNFinancials 52 (Indeks52) under High Dividend category, following its consistent effort in dividend distribution since 2010. (KR/ZH)