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Jakarta, June 12, 2026 — PT Astra International Tbk (ASII), one of Indonesia’s largest conglomerates, has unveiled plans for a sweeping share buyback program worth up to Rp8 trillion.
The move comes as the company seeks to restore investor confidence after its stock has shed more than 30 percent since the start of the year.
Shareholder Approval and Timeline
The buyback proposal will be presented at an Extraordinary General Meeting (RUPSLB) scheduled for July 17, 2026.
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If approved, Astra will begin repurchasing shares on July 20, 2026, with the program running until July 16, 2027.
Under the plan, Astra will repurchase no more than 10 percent of its issued and paid-up capital, while ensuring that at least 15 percent of shares remain in public hands to comply with free float requirements.
The repurchased shares will be classified as treasury stock, giving the company flexibility for future corporate actions such as employee stock programs or strategic partnerships.
On June 11, 2026, Astra’s shares closed at Rp4,700, reflecting a 30.88 percent decline year to date.
The company’s market capitalization currently stands at Rp190.27 trillion, underscoring the scale of the buyback relative to its overall valuation.
The decline mirrors broader pressures in Indonesia’s equity market, where several blue chip companies have announced buybacks to counter investor unease amid regional volatility and slowing domestic demand.
The buyback signals Astra’s commitment to stabilizing its share price and rewarding long term investors.
Maintaining a minimum free float ensures compliance with market regulations and preserves trading liquidity.
Treasury shares provide Astra with options for future capital management strategies.
Analysts note that while buybacks can provide short-term support for share prices, they do not directly address underlying earnings challenges.
Sustained recovery will depend on stronger corporate performance and improved macroeconomic conditions.
The buyback may provide a temporary lift to Astra’s stock, but broader challenges remain.
Regional geopolitical tensions, commodity price fluctuations, and slowing domestic consumption could weigh on investor sentiment.
Still, Astra’s Rp8 trillion commitment underscores its determination to defend shareholder value and signals confidence in its long term fundamentals.
