Flooring Guide by Cinvex – , JAKARTA — Renowned investor Lo Kheng Hong has once again increased his stake in the palm oil plantation issuer, PT Salim Ivomas Pratama Tbk. (SIMP), pushing his ownership back above the 5% threshold following a significant share acquisition. This latest move underscores his continued confidence in the company.
According to information disclosed to the Indonesia Stock Exchange (IDX) on Monday, June 1, 2026, Lo Kheng Hong reported purchasing 19.9 million (19,900,000) shares of SIMP on May 18, 2026. This substantial transaction was executed at a price of Rp600 per share.
Consequently, Lo Kheng Hong invested a total of Rp11.94 billion to complete this latest share purchase. The disclosed purpose of this SIMP share acquisition was purely to expand his existing investment portfolio, signaling a strategic addition rather than a short-term trade.
Prior to this transaction, the investor, affectionately known as “Pak Lo,” held 773.44 million (773,440,400) SIMP shares. This considerable holding represented 4.98% of the company’s voting rights, placing him just shy of the mandatory disclosure threshold.
However, with the completion of this recent acquisition, Pak Lo’s ownership in SIMP surged to 793.34 million (793,340,400) shares. This increase simultaneously elevated his voting rights to 5.11%, making it compulsory for his name to be recorded in the list of shareholders holding more than 5%.
Lo Kheng Hong had previously articulated his rationale for selecting SIMP shares as a significant component of his “jumbo” portfolio, which often features holdings exceeding 5%. His investment philosophy emphasizes long-term value in fundamentally strong companies.
The man often dubbed “Indonesia’s Warren Buffett” elaborated that Salim Ivomas boasts extensive land assets, including palm oil plantations covering 241,046 hectares (ha). Beyond palm oil, the company also manages rubber plantations spanning 16,235 ha, sugarcane/sugar plantations of 13,878 ha, and other commodities such as cocoa and tea across 16,859 ha.
As a result, Lo Kheng Hong estimated the company’s total plantation land to reach 288,018 ha, with an estimated value of US$2.88 billion. “If one hectare is valued at US$10,000, then 288,018 ha would be worth US$2.8 billion. Converted to Rupiah, that’s Rp46.9 trillion, not including assets like Bimoli cooking oil and Palmia Margarine, etc.,” he told Bisnis on Thursday, June 26, 2025, highlighting the immense underlying value.
Interestingly, this latest share purchase in mid-May 2026 garnered particular attention because it marked a reversal of Lo Kheng Hong’s position, as he had executed a rare share sale just the previous month. This strategic move suggests a dynamic approach to market fluctuations.
According to Bisnis records, Pak Lo was observed divesting 8.18 million (8,189,500) SIMP shares in two separate transactions on April 14, 2026. At that time, he offloaded 1,377,000 shares at Rp925 per share and another 6,812,500 shares at Rp920 per share, capitalizing on what were presumably higher prices.
From these two sizable divestments, he was estimated to have reaped fresh funds amounting to approximately Rp7.54 billion. These transactions also reduced his share ownership from 779.20 million shares (5.03%) to 771.01 million shares (4.97%), temporarily removing him from the list of shareholders holding above 5%.
However, by strategically leveraging the price dip to Rp600 in the May 18, 2026, transaction, Lo Kheng Hong successfully bought back shares in this CPO issuer, ultimately owned by Anthoni Salim. This timely re-entry boosted his ownership back to 5.11%, demonstrating astute market timing.
From the stock exchange floor, SIMP shares are currently trading at Rp555 per share as of the market close on Friday, May 29. This price reflects a year-to-date decline of 2.63% and a significant 31.90% weakening over the past month, suggesting Lo Kheng Hong’s latest buy came during a period of market softness for the stock.
Disclaimer: This news article is not intended as an invitation to buy or sell shares. Investment decisions are solely at the discretion of the reader. Bisnis.com is not responsible for any losses or gains arising from the reader’s investment decisions.
Summary
Renowned investor Lo Kheng Hong has increased his stake in PT Salim Ivomas Pratama Tbk (SIMP) by purchasing 19.9 million shares at Rp600 per share. This transaction, totaling Rp11.94 billion, raised his total holdings to 793.34 million shares, equivalent to 5.11% of the company’s voting rights. This acquisition reflects his strategic confidence in the company’s extensive land assets and fundamental value.
The move follows a period of market fluctuations where Lo had previously divested shares in April 2026. By buying back during a recent price dip, the investor has successfully regained his status as a major shareholder with over 5% ownership. This activity highlights his long-term investment philosophy, focusing on the significant underlying value of the Salim Group subsidiary’s massive plantation holdings.