12 October  2018

Medan, (Analisa)

The prospect of the palm oil business in the future is very bright, especially supported by government policy in implementing the use of diesel fuel with a mixture of palm oil by 20 percent or B20 for the absorption of palm oil in the country.

This was conveyed by the President Director of PT Mahkota Group Tbk Usli Sarsi accompanied by Directors, Fuad Halimoen and Nagian Toni and Corporate Secratary Elvi and Investment Advisors from Panin Sekuritas Darmin SE MBA CIMBA during a visit to MEdan Analysis Daily, Thursday (11/10).

The Mahkota Group delegation was received directly by Analisa Daily Editor Supandi Kusuma accompanied by Advisor Dr. Tony SH Sp.N M.Kn and Company Leader Sujito Sukirman.

“Previously, all of our exports were used for domestic use in large quantities to fulfill the need for biodiesel. That is one of the positive points from the government,” Usli said.

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Company Performance

Mentioning the Mahkota Group, Usli explained that the company's performance this year, especially in the third quarter, was quite good compared to previous years. Therefore, he encouraged the people of Medan to own Mahkota Group shares because its performance continues to improve.

Usli admitted that the majority of the shareholders of Mahkota Group are Medan people, reaching 80 percent and they are very familiar with this company.

He also explained that there are many downstream industries developed by Mahkota Group. Currently, said Usli, his party is building a cooking oil factory (refinary) with an investment of Rp330 billion with a capacity of 150 tons / day and is expected to be operational in June 2019.

“This is in line with the future plan in the form of integration of palm oil mills, cooking oil factories and ports. Mahkota Group has 'taken over' a 26-unit stockpile tank port with a capacity of 76 thousand tons,” he said.

In addition, it will also be developed into biodiesel in the next one or two years after the cooking oil factory is completed. For this reason, he really hopes that the people of Medan will become investors so that they can help advance the Mahkota Group.

The shares of PT Mahkota Group Tbk (MGRO), which were released on July 12, 2018 at a price of IDR 225 until Thursday (11/10) afternoon, were recorded at IDR 426 or an increase of 89 percent.

(ht)