Server racks in the data center.
Getty
The fate of the Billionaire Co-founder of DCI Indonesia – Toto Toto Sugiri, Marina Budiman and Han Arming Hanafia have gained over 20 in the past week $100 million in intelligence.
DCI shares rose 20% on Thursday to Rs 67,225 ($4.1), hitting the upper limit that allowed daily share price volatility for the second consecutive day. As optimistic earnings rush stocks, it will boost earnings to 47% this week as the company's digital footprint expands across Indonesia.
“We like the fundamentals of the company, but the valuation is expensive,” said Harry Su, managing director of Indonesia at Samuel Sekuritas.
The rally increased by $939 million to $3.1 billion, according to the net worth of DCI's largest shareholder Sugiri. Forbes'Real-time data. Data shows that Budiman's increase to $2 billion to $2 billion, while Hanafia received more than $444 million to $1.5 billion.
With the company becoming the most expensive in Paris, Jakarta, with a current market capitalization of $9.8 billion, DCI is considering a stock split to make stocks more affordable. “We are still reviewing,” said Sugiri, the company's president director.
Founded in 2011, DCI has grown into Indonesia's largest data center operator with a total capacity of about 83 MW. Samuel Sekuritas Indonesia's research shows it was published in September.
Among multiple facilities across the country is an 18-megawatt data center that was conducted in southern Jakarta in December 2023. Developed in conjunction with the Salim Group, the 11-story structure is equipped with 4,000 shelves over a 30,000 square metres. Billionaire Anthoni Salim is also a shareholder of DCI.
Sugiri tells Forbes Asia The company will continue to expand and expects total capacity to reach 128 MW by early next year. The company also invested 1.2 trillion Indiana ($72 million) to build a nine-megawatt facility in Surabaya, nearly 800 kilometers east of Jakarta.
With global tech giants Amazon, Google and Microsoft expanding their digital footprint in Indonesia, DCI's business has doubled in recent years, with a record 51,400 crore rupees in 2023, a 40% increase from the previous year.
DCI did not disclose that their tenants were caused by a confidentiality agreement. Three of the four cloud computing vendors operating in Indonesia (Alibaba, Amazon Web Services, Google Cloud and Microsoft) are customers, as are some of Southeast Asia’s largest e-commerce companies. Enterprises and over 120 financial service providers in Indonesia, Southeast Asia and the United States
