List of Shares of the Largest Cigarette Companies in Indonesia

The cigarette industry in Indonesia is one of the largest and most profitable consumer sectors.

Despite facing regulatory pressures and tax increases, stocks in this sector remain attractive to investors due to their stable earnings prospects and high consumer loyalty.

This article will discuss the list of the largest cigarette shares in Indonesia along with a brief profile to help you identify investment opportunities. Read this article to learn more!

Indonesian Cigarette Industry

The cigarette sector in Indonesia falls into the non-cyclical consumer category, with a tobacco sub-industry. Despite the government's continued excise tax increases and advertising regulations, demand for cigarette products in Indonesia has remained relatively stable.

Some cigarette companies are even classified as “blue chips” which offer consistent dividends to their shareholders.

In addition to publicly traded companies, there are also large cigarette companies that remain privately held. This creates an attractive combination of established large-cap stocks and mid-cap stocks with growth potential.

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List of the Largest Cigarette Shares in Indonesia

The following are the list of the largest cigarette stocks in Indonesia that you should know:

1. PT Hanjaya Mandala Sampoerna Tbk (HMSP)

HMSP is the largest player in the Indonesian cigarette industry, with a market capitalization of approximately Rp111.6 trillion. The company, part of Philip Morris International, dominates the machine-rolled and hand-rolled kretek cigarette segments.

Some of its well-known brands include Marlboro, A Mild, Dji Sam Soe, and Sampoerna Kretek. HMSP is known as a blue chip stock that consistently distributes dividends.

2. PT Gudang Garam Tbk (GGRM)

Gudang Garam is a legendary kretek producer that was founded in 1958. With a market capitalization of around IDR 57 trillion, GGRM owns iconic brands such as Gudang Garam International, Surya 16, and GG Shiver.

PT Gudang Garam Tbk (GGRM) is known for its loyal customer base and consistent revenue despite increasingly stringent regulations.

3. PT Djarum (Private)

Djarum is Indonesia's largest privately held cigarette company. Its popular brands include Djarum Super, Djarum Black, and LA Lights.

Although not listed on the stock exchange, Djarum has a large influence in the cigarette industry and has diversified its business into the banking and property sectors.

4. PT Wismilak Inti Makmur Tbk (WIIM)

Wismilak Inti Makmur has a market capitalization of approximately Rp962 billion. Its well-known brands include Wismilak Diplomat and Galan.

Although smaller than HMSP and GGRM, WIIM has demonstrated consistent revenue and net profit growth. This stock is attractive to investors seeking growth potential in the cigarette sector.

5. PT Indonesian Tobacco Tbk (ITIC)

Indonesian Tobacco has a market capitalization of approximately Rp263 billion. The company focuses on producing hand-rolled kretek cigarettes under brands such as Manna, Butterfly, and Kuda Terbang.

ITIC has shown gradual revenue growth, making it one of the attractive mid-cap issuers in this sector.

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Challenges and Prospects of Cigarette Share Investment

Despite offering stable dividends and high product demand, cigarette stock investors need to be aware of challenges such as excise tax increases, advertising restrictions, and changes in government policy.

However, large companies such as HMSP and GGRM continue to demonstrate high resilience and solid prospects.

For investors, it's crucial to study a company's profile, financial performance, and dividend history before deciding to invest. Use a licensed broker and regulated trading platform for safer investments.

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Conclusion

The list of the largest cigarette stocks in Indonesia consists of a combination of blue chip issuers and mid cap companies that have growth potential.

HMSP and GGRM dominate the sector with stable performance, while WIIM and ITIC provide alternatives for investors seeking opportunities in the mid-segment.

Despite significant regulatory challenges, the cigarette sector in Indonesia remains one of the pillars of the consumer industry that is attractive for long-term investment.

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FAQ

What are the largest cigarette stocks in Indonesia?

The largest cigarette stocks include HMSP, GGRM, WIIM, and ITIC. There's also Djarum, a privately held but highly influential company.

Are cigarette stocks in Indonesia blue chip?

Yes, some like HMSP and GGRM are considered blue chip stocks due to their large market capitalization and stable dividends.

Is the cigarette industry in Indonesia still prospective?

The cigarette industry still has prospects due to high product demand despite facing strict regulations.

What should you pay attention to before buying cigarette stocks?

Pay attention to financial performance, dividend history, market capitalization, and the impact of government policies on the company.

Are there any large private cigarette companies in Indonesia?

There is, one of them is PT Djarum which is known for its brands Djarum Super and Djarum Black, although it is not listed on the stock exchange.