JAKARTA. PT Samudera Indonesia Tbk (SMDR) has allocated USD 150 million or IDR 2.24 trillion (using the currency exchange rate of IDR 14,976/USD) of capital expenditure (capex) to acquire more vessels.

Bani Maulana Mulia, President Director of SMDR, claimed that the company aims to collect 5 to 10 more vessels in 2023. “We will seek the right momentum to purchase the vessels. Our 2023 capex is set to USD 150 million,” he confirmed, as quoted by Bisnis yesterday (25/1). In the first quarter of 2023, the company spends the allocated budget on two units of vessels, one of which was received earlier this month. Another vessel, departing from Japan, will arrive in March.

Mulia further revealed that the company will utilise internal cash and financing facilities as sources for the capital expenditure. “As we have a solid balance sheet, we also have many alternative options,” he mentioned.

As mentioned before on IDNFinancials, SMDR will soon initiate a stock split this month. Based on the information disclosure, the effective date for this stock split falls on January 31, 2023, while the last day of stock trading with the old value is scheduled to take place on January 30, 2023. The ratio is set to 1:5, splitting IDR 25 share to 5 units of IDR 5 each. (AM/ZH)