Flooring Guide by Cinvex – JAKARTA — Renowned investor Lo Kheng Hong has trimmed his stake in PT Salim Ivomas Pratama Tbk (SIMP), the palm oil and CPO producer under Anthoni Salim’s business empire. This move marks the first time the veteran investor has sold shares of the company since he began accumulating them in June 2025.
According to a filing with the Indonesia Stock Exchange (IDX), the divestment involved 8,189,500 shares of SIMP. The transaction was executed in two separate tranches on April 14, 2026: 1,377,000 shares sold at Rp925 per share, followed by 6,812,500 shares at Rp920 per share.
Through these strategic sales, the investor—often dubbed the “Warren Buffett of Indonesia”—is estimated to have raked in approximately Rp7.54 billion in fresh capital. In his official statement to the IDX, Lo Kheng Hong clarified the motive behind the sale. “The transaction is a sale intended for profit-taking,” he confirmed on Saturday (April 25, 2026).
Following this divestment, Lo Kheng Hong’s holdings in SIMP have decreased from 779,207,000 shares (5.03%) to 771,017,500 shares (4.97%).
Market performance for SIMP shares has remained dynamic. During the trading session on Friday (April 24, 2026), the stock closed at Rp815 per share, down from an opening price of Rp860, and fluctuated within a range of Rp810 to Rp865 throughout the day.
Despite the recent sale, the stock has shown significant strength this year. Year-to-date (YtD) 2026, SIMP shares have surged by 245 points, or 42.98%. Over the past six months, the stock has climbed by 200 points, or 32.52%, bringing its total market capitalization to Rp12.63 trillion.
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Summary
Renowned Indonesian investor Lo Kheng Hong has sold 8.18 million shares of PT Salim Ivomas Pratama Tbk (SIMP) in a profit-taking move. Executed on April 14, 2026, the transaction generated approximately Rp7.54 billion in capital. Following this sale, his ownership in the palm oil company has decreased from 5.03% to 4.97%.
Despite this divestment, SIMP shares have demonstrated strong performance in 2026, recording a year-to-date increase of 42.98%. The company currently maintains a market capitalization of Rp12.63 trillion. This sale marks the first time Lo Kheng Hong has reduced his position in the company since he began accumulating shares in June 2025.