PT Bach Multi Global Tbk (BACH) recorded a significant improvement in its capital structure after officially listing on the Indonesia Stock Exchange. President Director of BACH, Budi Kurniawan, revealed that the company's debt-to-equity ratio (DER) has now shrunk to 0.85 times, from its previous position at 1.3 times.
This reduction in the debt ratio was made possible thanks to the injection of new capital from the initial public offering (IPO) process and the company's strategic step in paying off part of its financial obligations. This healthier balance sheet condition is projected to be a strong foundation for the company to accelerate its business expansion plans in the medium term.
In the next three years, the company aims to expand its business lines in the renewable energy sector. BACH plans to venture into the solar panel segment, battery-based energy storage systems, and *hybrid power* solutions. In addition, the company is also committed to continuing to increase its generator rental and sales fleet to support telecommunications infrastructure needs and the national electricity system.
Budi expressed his optimism about the company's growth prospects amidst global economic dynamics. According to him, the company's business focus, which operates in the basic infrastructure sector, makes it resilient to market fluctuations.
On the other hand, investor enthusiasm for BACH shares was quite high on its debut trading day. The company's shares briefly hit the upper limit of the *auto rejection* (ARA) mechanism at IDR 550, with a market capitalization reaching IDR 2.24 trillion during that initial trading.
