President Director of PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO), Irwan Hidayat, has once again demonstrated his commitment to the company by increasing his shareholding. According to the information disclosure report, the purchase transaction of 1 million shares was executed on May 29, 2026, at a price of Rp396 per share, bringing the total transaction value to Rp396 million.
An official statement from the company's management confirmed that the corporate action was carried out purely for personal investment purposes. This step increases Irwan Hidayat's direct ownership portion to 6,279,400 shares, or equivalent to 0.021% of the company's total paid-up capital, up from the previously recorded position of 5,279,000 shares or 0.018%.
Irwan Hidayat, who is a central figure in Sido Muncul's business journey, was recently appointed as President Director through the Annual General Meeting of Shareholders (RUPST) on April 9, 2026. This decision reinforces the leadership of the Yogyakarta-born man, born in 1947, in navigating the company's future strategic policy direction.
Meanwhile, the movement of SIDO's share price in the capital market shows its own dynamics amidst a correction trend. As of the writing of this report, SIDO's share price stands at Rp370, with an accumulated price decline of 31.48% year-to-date (year-to-date).
From a valuation perspective, market data records SIDO's Price to Book Value (PBV) ratio at 3.62 times and Price Earning Ratio (PER) at 9.71 times (TTM). Based on technical analysis, this valuation position is recorded below the standard deviation of the last three years, indicating that the current share price is at a fairly attractive point when viewed from its historical fundamentals.
