PT Indospring Tbk (INDS), a leading automotive parts manufacturer, continues to demonstrate its commitment to strengthening productivity and operational efficiency through a series of strategic corporate actions in recent months. This expansion and operational restructuring has received a positive response from the market, reflected in INDS' stock performance which recorded significant increases of up to hundreds of percent in the short and long term.
Significant increases usually also occur if there will be corporate actions such as rights issues, backdoor listings or company acquisitions as well.
In December 2025, the Company announced an affiliate transaction. In this transaction, PT Indobaja Primam Tbk sold its shares in PT Indobaja Primam Tbk to PT Indobaja Primam Tbk at a price of Rp1,000 per share. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. The transaction was carried out through a private placement. 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Management assesses this transaction as an asset optimization step to support the Company's operational efficiency and production efficiency in the future.
In addition, PT Indospring Tbk has also signed a lease agreement for office space with PT Indoprima Investama (IIV). The object of the transaction is the lease of a portion of the office building with an area of 66 square meters located at Jalan Mayjend Sungkono KM 3.1, Prambangan, Kebomas, Gresik, with a rental value of IDR 60 million per month, effective from January 1, 2026 to December 31, 2026. This transaction is also an affiliate transaction considering that PT IIV is the ultimate parent entity of the Company with direct and indirect ownership of 88.41%.
Along with various corporate actions, INDS stock performance showed a significant spike. At the close of trading on Wednesday, January 14, 2025, INDS shares recorded an auto reject (ARA) with an increase of 25 percent. On a monthly basis, INDS shares have strengthened 147.77 percent, while year to date (ytd) has jumped 145.58 percent.
Head of Research KISI Sekuritas, Muhammad Wafi, assessed that the movement of INDS stock prices was not solely triggered by the sale of assets. According to him, the market also anticipates the potential for dividend distribution and re-rating of the Company's valuation.
"Investors tend to anticipate dividend distribution and re-rating of stock valuations. INDS is suitable for investors who have a fast trading strategy, given that in the first semester of 2026 there are several positive sentiments such as the release of financial reports, dividends, and the recovery of the automotive sector," said Wafi in a statement, Wednesday, January 14.
Market optimism is also supported by the decision of the Annual General Meeting of Shareholders (RUPST) of PT Indospring Tbk held on June 23, 2025. In the RUPST, shareholders approved the use of net profit for the 2024 financial year, including the maximum cash dividend of Rp52,499,976,800 or equivalent to Rp8 per share which is scheduled to be paid on Friday, July 25, 2025. In addition, the Company set aside Rp1.5 billion as a mandatory reserve, and booked a net profit of Rp15,599,075,455 as a profit balance.
Going forward, PT Indospring Tbk management confirms that it will continue to implement a measured and sustainable growth strategy, while still prioritizing good corporate governance, in order to create long-term added value for all stakeholders.
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