Dimas Wibowo Acquires 78.55 Million BEEF Shares

JAKARTA — Individual investor Dimas Wibowo has made a significant move in the capital market, aggressively accumulating shares of livestock and meat processing company PT Estika Tata Tiara Tbk (BEEF). Following this shopping spree, Wibowo has officially emerged as a substantial shareholder, holding more than 5% of the company’s total outstanding shares.

Data from the Indonesian Central Securities Depository (KSEI) reveals that as of May 25, 2026, Dimas Wibowo holds approximately 409.92 million shares of BEEF, representing a 5.05% stake. This accumulation was facilitated through multiple brokerage firms, including PT BNI Sekuritas, PT BCA Sekuritas, PT Stockbit Sekuritas Digital, PT KB Valbury Sekuritas Indonesia, PT RHB Sekuritas Indonesia, and PT Mandiri Sekuritas.

This marks a notable shift in the company’s shareholder structure. According to the Monthly Securities Holder Registration Report for April 2026, Dimas Wibowo was not listed among the major shareholders holding over 5%. At that time, the primary stakeholders were Asia Agri International with a 70.59% stake and Edie with 4.34%, while public shareholders held 25.07%.

Records indicate that as of April 30, 2026, Wibowo held 331.37 million shares, or 4.08% of the company. His recent activity throughout May 2026 shows he acquired an additional 78.55 million shares, successfully crossing the 5% ownership threshold.

On the Indonesia Stock Exchange, BEEF shares closed at IDR 166 per share on Tuesday, May 26, 2026. The stock fluctuated between IDR 158 and IDR 171 during the trading session, bringing the company’s total market capitalization to IDR 1.35 trillion. Year-to-date, the stock has experienced a decline of 64.53%, with a 74.46% drop observed over the past six months.

Beyond the stock market activity, the producer of the well-known Kibif sausage brand has been aggressively expanding its business portfolio. Late last year, BEEF launched three new business segments: dairy production, cold storage services, and buffalo fattening, largely to align with the government’s Free Nutritious Meal (MBG) program.

In a disclosure to the exchange, management confirmed that the government has tasked the company with contributing to national nutrition goals through milk supply. Since the company did not previously have a dairy division, it has been mandated to develop a dairy cow business and its downstream products. Projections suggest these new ventures will contribute IDR 83.33 billion in revenue by 2026, with an expected surge of 116.92% to IDR 180.76 billion in 2027.

The move into buffalo fattening is driven by rising market demand, as the company identifies buffalo meat as a more affordable alternative to beef. Simultaneously, the company has completed 100% of its new cold storage facility in Subang, which is now ready for commercial lease.

To fund these initiatives, PT Estika Tata Tiara Tbk has earmarked a total investment of IDR 319.37 billion. The funding structure relies on a mix of bank debt (60% or IDR 191.62 billion) and internal capital (40% or IDR 127.75 billion).

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