JAKARTA – PT Master Print Tbk (PTMR), a packaging manufacturer freshly debuted on Indonesia Stock Exchange (IDX) today (8/10), is preparing to see significant growth of up to double digit at the end of this year and next year, driven by new product launch.
As mentioned by IDNFinancials before, Master Print is planning to acquire 99% of PT Global Putra Kusuma (GPK). “With PT Global Putra Kusuma (GPK), there will be additional products to support product packaging for MSME,” said Cindy Kusuma, Director of PTMR, when met at IDX today (8/10).
Although GPK is engaged in the same industry with Master Print, Kusuma said that the new product addition will expand its market to MSME sector. “Thus, we choose Global Putra Kusuma in order to synergise for profit growth realisation,” said Kusuma.
Until the end of this year, Kusuma claimed that the company may reach sales growth of up to 20% year-on-year (yoy), following its success in attaining 14% yoy growth as of August 2024. “For next year, our growth target is approximately 25-30%,” she added optimistically.
Kusuma also mentioned that this acquisition process is estimated to be completed within the next month. “If possible, soon,” she said. “We believe that through the new product addition from our new principals, new partners, Global Putra Kusuma, the market expansion will be huge,” she said.
It is knownd that PTMR has had 11 partners, and are projected to add 2 new partners, thus bringing total partners to 13. “Our partners come from Italy, Germany, Korea, Vietnam, and the US; some of them are listed on NYSE,” said Kusuma. (ZH)