Jumat 28 Jun 2013 00:01 WIB

Saratoga Company targets consumer investment by 50 percent

Rep: Friska Yolandha/Mutia Ramadhani/ Red: Yeyen Rostiyani
 A man passes screen of stock prices at IDX. (illustration)
Foto: Republika/Wihdan Hidayat
A man passes screen of stock prices at IDX. (illustration)

REPUBLIKA.CO.ID, JAKARTA - PT Saratoga Investama Sedaya targetted the portion of investments in consumer sector by 50 percent till 2015. President Director of Saratoga, Sandiaga Uno said the current portion of investment in this sector was still below 30 percent.

"This year, we will focus more on investment in consumer sector. Food and beverages sector is among our targets," Uno said after the premiere listing of Saratoga shares in Indonesia Stock Exchange (IDX) on Wednesday.

Uno assessed the portion of investment in mining and infrastructure sector were already big enough. He also said that positive investment in banking sector. Uno said the better a bank could manage its business, the better its role to develop Indonesian economy.

Saratoga targetted middle class banking.

In the last three years the company invested 600 billion IDR to 900 billion IDR per year. Currently, Saratoga manages 15 companies in three sectors, consumer, mining, and infrastructure.

About 90 percent of Saratoga's shares is owned by foreign investors. Saratoga's 271 million shares or 10 percent of the total shares were offered in initial public offering (IPO) worth 5,500 IDR per share.

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