Flooring Guide by Cinvex – , JAKARTA — Veteran investor Lo Kheng Hong has once again significantly increased his ownership stake in PT Gajah Tunggal Tbk. (GJTL), the prominent tire manufacturer, with his latest acquisitions recorded in April 2026.
According to data from PT Kustodian Sentral Efek Indonesia (KSEI) as of Tuesday, April 7, 2026, Lo Kheng Hong purchased an additional 1,240,000 shares of GJTL on April 2, 2026. This recent transaction bolstered his total holdings to 219.47 million shares, equivalent to 6.30% of the company’s outstanding stock.
This latest move continues a pattern of accumulation observed throughout March 2026. KSEI data from March 31, 2026, showed Lo Kheng Hong’s ownership at 218.03 million shares, representing 6.26% of GJTL. When compared to his position at the close of 2025, Lo Kheng Hong’s investment in GJTL has grown substantially, adding approximately 13.81 million shares year-to-date in 2026, up from 204.22 million shares or 5.86%.
Delving into the specifics of March 2026, Lo Kheng Hong expanded his GJTL portfolio by approximately 2.55 million shares through PT Sinarmas Sekuritas. The investor, often affectionately referred to as “Indonesia’s Warren Buffett,” was also recorded acquiring 80,000 shares on March 17, 2026, which at that time increased his stake to 210.32 million shares or 6.04%.
Looking further back, Lo Kheng Hong’s commitment to GJTL was evident throughout 2025 as well, during which he added a remarkable 22.03 million shares to his holdings. This robust accumulation pushed his ownership significantly beyond the 182.19 million shares recorded at the close of December 2024.
GJTL Financial Performance
From a financial standpoint, Gajah Tunggal reported a slight year-on-year decline in revenue for 2025, registering IDR 17.66 trillion by the end of December 2025, down from IDR 18.02 trillion in 2024.
Despite the dip in revenue, GJTL demonstrated resilience by posting impressive year-on-year net profit growth last year. The company’s bottom line saw a healthy increase of 4.7%, climbing from IDR 1.18 trillion in 2024 to IDR 1.24 trillion in 2025.
During its public expose in mid-June 2025, Gajah Tunggal’s management unveiled a series of strategic initiatives designed to drive future growth. A key focus is to capitalize on the rising trend of Chinese car manufacturers establishing a presence in Indonesia.
“Regarding Chinese car manufacturers such as BYD, the company has already forged a partnership with BYD, utilizing one of the company’s established brands, GITI,” Gajah Tunggal’s management stated in its public expose report, as quoted on Tuesday, July 29, 2025.
In line with its ambitious expansion plans, Gajah Tunggal has earmarked a substantial capital expenditure (capex) of US$150 million. The lion’s share of this investment is dedicated to advancing and expanding its truck and bus radial (TBR) tire production line.
Management further elaborated on the funding strategy, stating, “A portion of the financing will be sourced from phased drawdowns of syndicated bank loans, which will continue until the machinery procurement is finalized.”
Gajah Tunggal Tbk. – TradingView
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 readers’ investment decisions.