JAKARTA — Renowned Indonesian investor Lo Kheng Hong, often referred to as the “Warren Buffett of Indonesia,” has once again made a significant move in the stock market. Recent data from the Indonesian Central Securities Depository (KSEI) reveals that the veteran investor has ramped up his stake in PT Salim Ivomas Pratama Tbk. (SIMP), a palm oil and CPO producer under the Salim Group.
As of May 20, 2026, records indicate that Lo Kheng Hong acquired an additional 22.62 million shares of SIMP. This acquisition brings his total holding to 793.64 million shares, a notable increase from the 771.01 million shares he held as of April 30, 2026. This move pushes his ownership stake back above the 5% threshold, reversing a previous decline observed in April.
Lo Kheng Hong’s history with SIMP began in June 2025, when he first entered the company by accumulating 778.85 million shares. Monthly securities registration reports show his stake reached approximately 5.03% (779.20 million shares) by the end of June 2025. During that initial phase, he made several purchases at prices ranging between Rp432 and Rp442 per share.
However, the investor has not been exclusively buying. In April 2026, he trimmed his position by offloading 8.18 million shares, reducing his ownership from 5.03% to 4.97%. That transaction is estimated to have generated approximately Rp7.54 billion in cash. As of the trading session on May 21, 2026, SIMP shares closed at Rp535, reflecting a year-to-date decline of 6.14%.
Beyond his interest in the palm oil sector, Lo Kheng Hong maintains a diverse and substantial portfolio. By the end of April 2026, he was recorded holding stakes of over 1% in 13 different issuers, ranging from coal mining to poultry industries. His largest holding by percentage at that time was in the property developer PT Intiland Development Tbk. (DILD), where he owned 6.92% of the company, equivalent to 716.80 million shares—an increase from his 6.79% stake in March.
In addition to these major holdings, Lo Kheng Hong features among the top 10 shareholders for several other prominent companies, including PT Perusahaan Gas Negara Tbk. (PGAS), PT Bank Danamon Indonesia Tbk. (BDMN), PT Bank CIMB Niaga Tbk. (BNGA), and PT Bank OCBC NISP Tbk. (NISP). During a previous discussion, the investor hinted that his portfolio actually spans more than 17 major positions.
Among his current holdings, his position in the textile company PT Sri Rejeki Isman Tbk. (SRIL) represents the smallest percentage at 1.02% as of April 2026, though the stock is currently suspended and faces delisting risks.
Lo Kheng Hong’s Portfolio (Ownership >1% as of April 30, 2026):
| Issuer | Ticker | Total Shares | Percentage (%) |
|---|---|---|---|
| PT ABM Investama Tbk. | ABMM | 155,382,500 | 5.64 |
| PT Polychem Indonesia Tbk. | ADMG | 50,318,100 | 1.29 |
| PT Bekasi Fajar Industrial Estate Tbk. | BEST | 139,422,500 | 1.45 |
| PT Global Mediacom Tbk. | BMTR | 1,066,433,500 | 6.43 |
| PT Clipan Finance Indonesia Tbk. | CFIN | 75,594,200 | 1.9 |
| PT Intiland Development Tbk. | DILD | 716,806,700 | 6.92 |
| PT Gajah Tunggal Tbk. | GJTL | 232,792,900 | 6.68 |
| PT PP London Sumatra Indonesia Tbk. | LSIP | 89,044,700 | 1.31 |
| PT Malindo Feedmill Tbk. | MAIN | 27,656,600 | 1.24 |
| PT Paninvest Tbk. | PNIN | 50,195,750 | 1.23 |
| PT Ramayana Lestari Sentosa Tbk. | RALS | 201,342,400 | 2.84 |
| PT Salim Ivomas Pratama Tbk. | SIMP | 771,017,500 | 4.97 |
| PT Sri Rejeki Isman Tbk. | SRIL | 209,339,500 | 1.02 |
Disclaimer: This article is for informational purposes only and does not constitute financial advice or an invitation to buy or sell securities. All investment decisions are the sole responsibility of the reader. The publisher is not liable for any losses or gains resulting from investment actions.
Summary
Prominent Indonesian investor Lo Kheng Hong has increased his stake in PT Salim Ivomas Pratama Tbk. (SIMP) to 793.64 million shares as of May 20, 2026. This acquisition brings his total ownership back above the 5% threshold, reversing a minor reduction he made in April. The veteran investor has been actively involved with the palm oil producer since June 2025.
Beyond his interest in SIMP, Lo Kheng Hong maintains a diverse investment portfolio with holdings exceeding 1% in 13 different issuers as of April 2026. His major positions span various sectors, including property development, finance, and mining, with his largest stake currently held in PT Intiland Development Tbk. (DILD). He continues to be a notable shareholder in several prominent Indonesian companies across multiple industries.
