JAKARTA — Renowned investor Lo Kheng Hong continues to maintain a substantial stake in property issuer PT Intiland Development Tbk. (DILD) through April 2026.
According to data from PT Kustodian Sentral Efek Indonesia (KSEI) as of April 1, 2026, Lo Kheng Hong is recorded as holding 707,053,000 DILD shares, equivalent to a 6.82% ownership stake. This notable position underscores his unwavering confidence in the property sector.
A closer look at Intiland Development’s 5% or more shareholder data reveals Lo Kheng Hong has been actively accumulating DILD shares. Between December 31, 2025, and March 1, 2026, he acquired an additional 11.98 million DILD shares, significantly bolstering his holdings. Specifically, on December 31, 2025, Lo Kheng Hong held 695,069,100 shares, or 6.7% ownership. By March 1, 2026, his DILD share count had increased to 707,053,000 shares, reflecting his persistent buying activity.
Since the beginning of the year, the man affectionately known as “Indonesia’s Warren Buffett” has been aggressively expanding his ownership in the property issuer’s shares. When asked to confirm the reasons behind his consistent acquisition of DILD shares, Lo Kheng Hong offered a straightforward explanation.
“The reason for buying is simply that the price is falling,” he told Bisnis, as quoted on Monday, March 16, 2026. He candidly acknowledged that DILD shares are currently trading at a discounted valuation, a key factor driving his investment strategy.
For context, as of the close of trading on Thursday, April 2, 2026, DILD shares were priced at Rp123 per share. This figure represents a 12.77% correction year-to-date (YtD), potentially signaling an attractive entry point for astute investors like Lo Kheng Hong.
Lo Kheng Hong’s name first appeared as a shareholder with over 5% ownership in DILD on August 10, 2022. Bisnis records indicate that his initial significant purchase involved 453.1 million DILD shares at an average price of Rp147, amounting to approximately Rp66.6 billion. Since then, he has gradually and strategically increased his stake.
In a YouTube video from Intiland Development (published June 23, 2023), Lo Kheng Hong elaborated on his reasons for investing in Intiland. He revealed that his due diligence process began by thoroughly examining the profiles of the company’s board of directors and commissioners. He concluded that Intiland’s leadership was both professional and highly integrous.
Furthermore, Lo Kheng Hong meticulously evaluated the value of ongoing projects under Intiland’s development. Based on information from Intiland’s management at the time, the total project value was estimated to reach an impressive Rp20 trillion. He then applied his distinctive valuation logic: “What’s the market cap? Rp1.5 trillion, while the owned property is Rp20 trillion. Assume there’s a Rp3 trillion debt, leaving Rp17 trillion. Divide that by 10 billion shares, and it’s Rp1,700 per share. It’s like getting a Mercedes at the price of a Bajaj!” This compelling valuation perspective led Lo Kheng Hong to further scrutinize DILD’s financial statements and property portfolio before ultimately deciding to invest in the company’s shares.
Disclaimer: This news article is not intended as an invitation to buy or sell shares. Investment decisions rest solely with the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.