New Risk • May 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp2.0b free cash flow). Negative equity (-Rp2.0b). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (Rp28b revenue, or US$1.6m). Market cap is less than US$100m (Rp700.4b market cap, or US$39.9m). お知らせ • May 12
PT Bahtera Bumi Raya Tbk, Annual General Meeting, Jun 18, 2026 PT Bahtera Bumi Raya Tbk, Annual General Meeting, Jun 18, 2026. New Risk • Mar 15
New major risk - Negative shareholders equity The company has negative equity. Total equity: -Rp2.0b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp2.0b free cash flow). Negative equity (-Rp2.0b). Minor Risks Revenue is less than US$5m (Rp28b revenue, or US$1.7m). Market cap is less than US$100m (Rp549.1b market cap, or US$32.4m). Reported Earnings • Mar 15
Full year 2025 earnings released: Rp9.00 loss per share (vs Rp6.56 loss in FY 2024) Full year 2025 results: Rp9.00 loss per share (further deteriorated from Rp6.56 loss in FY 2024). Revenue: Rp28.0b (up Rp26.1b from FY 2024). Net loss: Rp6.82b (loss widened 35% from FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp2.0b free cash flow). Revenue is less than US$1m (Rp714m revenue, or US$42k). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (Rp668.5b market cap, or US$39.4m). お知らせ • Apr 11
PT Tourindo Guide Indonesia Tbk, Annual General Meeting, May 16, 2025 PT Tourindo Guide Indonesia Tbk, Annual General Meeting, May 16, 2025. Location: jakarta Indonesia Reported Earnings • Jul 31
First half 2024 earnings released: Rp3.31 loss per share (vs Rp5.20 loss in 1H 2023) First half 2024 results: Rp3.31 loss per share (improved from Rp5.20 loss in 1H 2023). Revenue: Rp1.54b (up 67% from 1H 2023). Net loss: Rp2.55b (loss narrowed 35% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2023 earnings released Full year 2023 results: Revenue: Rp9.95b (up 273% from FY 2022). Net loss: Rp6.68b (loss narrowed 34% from FY 2022). New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp2.4b free cash flow). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (Rp1.8b revenue, or US$116k). Market cap is less than US$10m (Rp65.0b market cap, or US$4.16m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Apr 08
Full year 2022 earnings released Full year 2022 results: Revenue: Rp2.67b (up 197% from FY 2021). Net loss: Rp10.2b (loss narrowed 3.2% from FY 2021). Reported Earnings • Apr 07
Full year 2021 earnings released: Rp16.00 loss per share (vs Rp21.61 loss in FY 2020) Full year 2021 results: Rp16.00 loss per share. Net loss: Rp10.5b (loss widened 39% from FY 2020). Reported Earnings • Sep 06
Second quarter 2021 earnings released: Rp4.89 loss per share (vs Rp5.52 loss in 2Q 2020) Second quarter 2021 results: Net loss: Rp1.65b (loss narrowed 2.5% from 2Q 2020). Is New 90 Day High Low • Dec 10
New 90-day high: Rp48.00 The company is up 4.0% from its price of Rp46.00 on 11 September 2020. The Indonesian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: Rp33.00 The company is down 55% from its price of Rp74.00 on 24 July 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 03
New 90-day low: Rp35.00 The company is down 55% from its price of Rp77.00 on 03 July 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total losses of Rp7.97b, with losses widening by 190% from the prior year.