SRTG (Saratoga Investama Sedaya) was set up as an investment vehicle that owns majority shares of some blue chip companies in Indonesia.

These blue chip companies include:

Code	Company	SRTG’s Attributable Shares ** (per 30 Dec 2020)
ADRO	Adaro Energy	IDR 7.2 trillion
MDKA	Merdeka Copper Gold	IDR 6.7 trillion
MPMX	Mitra Pinasthika Mustika	IDR 1.4 trillion
TBIG	Tower Bersama Infrastructure	IDR 10.7 trillion
Total	IDR 26 trillion

**estimate only

Approximately 26 trillion worth of blue chip companies’ stocks are owned by SRTG. This excludes other investments such as AGII (Aneka Gas Industri) and SSIA (Surya Semesta Internusa).

Compare this with SRTG’s current market capitalization of 10.7 trillion.

For FY20 (Jan – Dec 2020), gross profit from these investments alone could reach 5.2 – 6.5 trillion.

Such an exciting investment opportunity, with guesstimate for FY20:

• PBV of 0.35 – 0.4
• PER of 1.8 – 2.5