Veteran investor Lo Kheng Hong has recently bolstered his stake in PT Gajah Tunggal Tbk (GJTL), a prominent tire manufacturer and distributor. This move signals continued confidence from the renowned investor in the company’s prospects.
According to the Securities Ownership Report Above 5% as of April 6, 2026, Lo Kheng Hong acquired an additional 410,000 GJTL shares. This transaction incrementally increased his ownership in GJTL from 6.30% to 6.31%, bringing his total holdings to 219.88 million shares, up from 219.47 million. Based on GJTL’s share price of Rp 1,110 per share on the same date, Lo’s latest investment is estimated to be approximately Rp 455.10 million.
On the stock exchange, GJTL’s share price concluded the trading day down 1.35%, shedding 15 points to close at Rp 1,095. Despite this daily dip, the company’s stock has demonstrated resilience year-to-date (YTD), climbing 4.78% or 50 points.
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With this latest acquisition, Lo Kheng Hong maintains his position as the third-largest shareholder in PT Gajah Tunggal Tbk. The company’s largest stake is held by Denham Pte Ltd, with a substantial 49.5% ownership, followed by Compagnie Financiere Michelin, which controls 10% of the shares.
Turning to the company’s financial health, PT Gajah Tunggal Tbk reported a robust performance for the full year 2025. The tire manufacturer achieved a net profit of Rp 1.24 trillion, marking a solid 5.08% increase from the previous year’s net profit of Rp 1.18 trillion.
Despite the commendable rise in net profit, the company experienced a slight contraction in its net sales, which decreased year-on-year (YoY) to Rp 17.66 trillion from Rp 18.02 trillion. This seemingly paradoxical outcome can be attributed, in part, to a reduction in the cost of revenue, which fell YoY from Rp 14.15 trillion to Rp 14.11 trillion. Crucially, the company also registered a significant turnaround in its foreign exchange position, recording a net gain of Rp 96.03 billion, a stark improvement from the substantial loss of Rp 34.79 trillion reported in the prior year.