JAKARTA – PT Industri Jamu dan Farmasi Sido Muncul Tbk. (SIDO) recently announced significant changes in its share ownership, as key commissioners and directors bolstered their holdings. These insider transactions collectively amounted to an impressive acquisition of up to 3 million shares, signaling strong confidence from the company’s leadership.
According to an official disclosure on Monday, March 16, 2026, SIDO Commissioner Johan Hidayat substantially increased his stake. He acquired an additional 1 million SIDO shares, elevating his total ownership from 1.85 million to 2.85 million shares. This move also amplified his voting rights within the company, climbing from 0.006% to 0.01%.
Concurrently, SIDO Director Irwan Hidayat also made a notable acquisition, adding 2 million shares to his portfolio. His total ownership consequently rose from 1.27 million to 3.27 million shares. This strategic purchase enhanced his voting power, moving from 0.004% to 0.011%, further consolidating insider ownership.
Despite this insider confidence, SIDO’s stock performance on the market saw a slight dip. On Monday, March 16, 2026, SIDO shares closed at Rp505, reflecting a 0.98% decrease. This closing price also signifies a year-to-date (YtD) correction of 6.48%.
In a separate engagement, SIDO Director Irwan Hidayat, a prominent figure within the company, offered valuable insights and stock investment tips for identifying promising and profitable stocks. He particularly emphasized the critical importance of a long-term investment horizon over short-term stock trading strategies.
“Investing in stocks offers the dual benefits of receiving dividends and gaining additional business value as the company grows, a distinct advantage over deposits which merely yield interest,” Irwan stated on Monday, March 16, 2026. While acknowledging the inherent risk of capital loss if stock prices decline, he highlighted the significant potential for long-term gains. As an illustrative example, he pointed to PT Bank Central Asia Tbk. (BBCA) shares, which started at merely Rp500 in 2000 and now trade around Rp6,875.
He elaborated on his selection criteria, advising investors to “choose companies that are long-established, stable, and have a proven track record as publicly listed entities (Tbk). Furthermore, look for strong profitability, generous dividend payouts, and robust financial health.” This underscores the importance of fundamental analysis in stock selection.
Additionally, Irwan recommended focusing on issuers with minimal bank debt, indicating a preference for financially conservative companies. While acknowledging that bonds might offer superior funding instruments, he stressed that a thorough assessment of the debt ratio remains paramount for any investment decision.
Finally, Irwan advised investors to strategically acquire shares when they are deemed undervalued or during the period of dividend distribution. He also suggested waiting for the release of first-quarter reports, typically available by the end of March 2026, to inform investment choices.
Disclaimer: This 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 choices.