BANDUNG – President Director of PT Metrodata Electronic Tbk (MTDL), Susanto Djaja, also notices the weakened purchase power of the masses. However, he reveals that there is one business line that could still record 13% growth this year.

“It is undeniable that there has been a decrease in purchase power; we feel it, as well,” said Djaja during the discussion titled “Economic Outlook Indonesia, Prospek Ekonomi Makro, Pasar Modal dan Perbankan Indonesia” at Top CEO Indonesia Awards 2024 held at Pullman Bandung Grand Central, last Friday (15/11).

In the first half this year, Djaja continued, there has been a decrease in solution and consulting business lines. Meanwhile, laptop distribution segment saw 5% increase in sales.

However, according to Djaja, there is one sector that managed to report up to 13% growth in Q3 2023. It is smartphone distribution business line, which was launched 5 years ago.

“One of our distributed smartphone brands skyrocketed in terms of market share, from the fifth to first position. Why? Because there has been a shift in middle-class consumers’ behaviour; they will choose cheaper products,” Djaja said.

In the third quarter, Djaja mentioned, corporate business line improved quite a lot, making the company more optimistic in attaining better performance in the fourth quarter.

“We believe that 2025 will be better, as we saw that there is a downtrend in interest rate,” Djaja said. He believes that Metrodata’s customers are concentrated within real sector. Therefore, once the interest rate slipped, the sales will triumph. (MT/ZH)