Transkon Jaya (TRJA) Explores Vehicle Leasing for Mines in Sumbawa and Sulawesi


29 Jun 2023


Dilansir Oleh


KONTAN.CO.ID – JAKARTA. PT Transkon Jaya Tbk (TRJA) is aiming for a financial performance growth of around 15% – 25% throughout 2023. The operational vehicle rental company for the mining industry is preparing strategies to achieve this target.

Transkon Jaya President Director Lexi Roland Rompas revealed that TRJA’s performance and sustainability will be supported by several strategies. These include expanding operational reach to western and eastern Indonesia, establishing a representative office in Jakarta, and expanding the types of vehicles, such as light buses and light trucks.

TRJA is also expanding its portfolio to industries beyond coal. TRJA targets vehicle rentals for the nickel, mineral, infrastructure, and renewable energy industries.

“We established a representative office in Morowali, showing our seriousness in expanding in the eastern region of Indonesia and the nickel mining industry,” said Lexi in a public presentation on Thursday (22/6).

TRJA Director Kayin Fauzi added that nickel is part of TRJA’s alternative expansion in eastern Indonesia. Alongside this, TRJA targets vehicle rentals from copper and gold mines in Sumbawa and is approaching existing gold mines in Sulawesi.

From this expansion, TRJA captures the potential addition of more than 500 vehicle units. For existing leases, TRJA has secured contracts worth around IDR 306 billion by preparing more than 400 vehicle units.

Currently, TRJA’s fleet is dominated by Mitsubishi vehicles. To avoid shortages from dealers and maintain fleet availability, TRJA will diversify to other brands such as Toyota.

TRJA also wants to explore the potential use of electric cars in mining areas. TRJA will explore several schemes, including looking at the possibility of converting conventional car engines to electric. “If it is feasible for us to rent it in mining areas, this is certainly a good opportunity for Transkon,” added Fauzi.

Transkon Jaya Corporate Secretary Alexander Syauta is optimistic that TRJA can achieve moderate performance growth in the range of 15% – 25%. TRJA is pursuing revenue growth while maintaining cost efficiency.

“We are taking several improvement steps such as equipment efficiency so that costs can be reduced, and profits follow the projections we set,” said Alexander.

To facilitate its business strategy this year, TRJA has prepared capital expenditure (capex) of IDR 500 billion – IDR 600 billion. The source of capex is a combination of leasing financing and internal cash.

To focus more on the operational vehicle rental business, especially in the Light Vehicle (LV) 4X4 segment, Transkon is spinning off the internet service provider (PACnet) business. The spin-off of PACnet is carried out to a subsidiary, PT Multinet Perkasa Indonesia (MPI).

This spin-off is expected to accelerate the development of business in the internet service provider segment. Especially to target mining companies, plantations, and other consumers who need internet services in remote areas.

In addition, TRJA distributed dividends of IDR 3 per share or around IDR 4.5 billion from the net profit of the 2022 fiscal year. This decision was made at the Annual General Meeting of Shareholders (RUPST) held on Thursday (22/6).

In 2022, TRJA achieved a net profit of IDR 36.44 billion. This means that the allocation of around IDR 4.5 billion as dividends reflects 12.35% of TRJA’s profit throughout last year.

Here is the schedule for TRJA’s dividend distribution:

– Cum dividend in the regular and negotiation markets: July 3, 2023
– Ex dividend in the regular and negotiation markets: July 4, 2023
– Cum dividend in the cash market: July 5, 2023
– Ex dividend in the cash market: July 6, 2023
– Recording date for shareholders entitled to receive dividends: July 5, 2023
– Cash dividend payment: July 26, 2023.

Source :