Why Is MLPT Stock Trending? The Impact of the Stock Split and Trading Suspension

PT Multipolar Technology Tbk (MLPT) became a market spotlight in late July 2026 after conducting a 1:25 stock split, which changed the share price from around Rp25,000 to Rp1,000 per share.

The shares, which are part of the Lippo Group conglomerate, immediately attracted investor attention and became popular news among market players.

The Indonesia Stock Exchange (IDX) made theoretical price adjustments and a temporary suspension before the shares were traded again at the new nominal value.

Key Takeaways

• PT Multipolar Technology Tbk (MLPT) conducted a stock split with a ratio of 1:25, with the share price dropping from around Rp25,000 to Rp1,000 per share on July 21, 2026.

• MLPT shares were a hot topic of conversation due to the drastic price drop due to the stock split, followed by a temporary suspension by the IDX, and finally trading again.

• MLPT is part of the Lippo Group conglomerate and operates in the field of consulting, integration, and management of information technology systems, with the stock code MLPT.

What is PT Multipolar Technology Tbk (MLPT)?

PT Multipolar Technology Tbk (MLPT) is a company engaged in information technology systems consulting, integration, and management. Founded in 1975 as an electronics retailer, the company now provides IT services and solutions through two main subsidiaries:

- PT Visionet Data International (VisioNet)

Focus on digital IT management services

- PT Graha Teknologi Nusantara (GTN)

Focus on data center operations and managed services

MLPT's customers span a wide range of sectors, including banks, department stores, hospitals, factories, and universities. The company was listed on the Indonesia Stock Exchange (IDX) on July 8, 2013, with the stock code MLPT on the Development Board.

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Why is MLPT So Popularly Discussed?

There are several factors that make MLPT shares a hot topic in the Indonesian capital market:

1. Stock Split 1:25

MLPT conducted a stock split with a 1:25 ratio. This means that every 1 existing share was split into 25 new shares.

As a result, the share price dropped drastically from around Rp25,000 to Rp1,000 per share, even though the total value of investor ownership remained the same.

Stock splits are usually carried out to increase stock liquidity and make prices more affordable for retail investors.

The IDX announced adjustments to the theoretical price, the number of shares resulting from the stock split, and changes to the parameters of MLPT shares in JATS on July 21, 2026.

2. Temporary Suspension by the IDX

The IDX temporarily suspended trading of MLPT shares due to the stock split and theoretical price adjustments.

This suspension was done to give the market and investors time to adjust to the new price after the stock split.

However, after the adjustment process was completed, MLPT shares were traded again and recorded a significant increase.

3. Post-Stock Split Price Surge

After the suspension was lifted, MLPT shares immediately experienced a significant price surge.

Based on market data, MLPT closed at Rp1,625 on July 22, 2026, up 25% from the previous close of Rp1,300.

Transaction volume reached 382,431 shares with a transaction value of IDR 60.7 billion and a frequency of 16,468 times, indicating strong interest from market players.

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Company Profile and Financial Performance

Source: idnfinancials.com

Ownership Structure

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Financial Dataand MLPT Trade

Management

- President Director: Harianto Gunawan

- Vice President Director:Wahyudi Chandra

- The main commissioner: Benny Haryanto Djie

- Independent Commissioner:Dicky Setiadi Moechtar, Harijono Suwarno

Subsidiary

- PT Visionet Data Internasional (99.95%)

- PT Digital Daya Teknologi (99.99%)

- PT Teknologi Pamadaya Analitika (100%)

- PT Digital Data Venture (100%)

- PT Multi Solusi Andal (99.90%)

- PT Artomoro Prima International (60.86%)

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MLPT Prospects and Risks

Positive Catalyst

- Stock Split Increases Liquidity:More affordable prices can attract more retail investors

- Position in Lippo Group:Support from large conglomerates provides stability and business opportunities.

- Growing IT Business:The demand for IT consulting and integration services continues to increase with digitalization.

- Solid Financial Performance:PE ratio of 10x and EPS of Rp161 shows quite good fundamentals

Risk:

- Post-Stock Split Volatility:Stock prices can fluctuate sharply in the short term

- Dependence on Lippo Group:As part of the Lippo Group, MLPT's performance is linked to the group's overall performance.

- Competition:The IT services and consulting industry is highly competitive.

- Development Board:Shares listed on the Development Board have lower liquidity than the Main Board.

Read Also:List of Stocks with the Most Investors in Indonesia 2026

Conclusion

MLPT came into the market spotlight after conducting a 1:25 stock split that changed the share price from Rp25,000 to Rp1,000, followed by a temporary suspension by the IDX and a post-resumption price surge.

As part of the Lippo Group with businesses in the IT services and consulting sectors, MLPT offers attractive prospects for investors seeking exposure to the technology sector.

However, post-stock split volatility and the inherent risks of stocks on the Development Board should be taken into consideration. Investors are advised to conduct their own research and understand their risk profile before investing.

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FAQ

What is MLPT?

MLPT is the stock code of PT Multipolar Technology Tbk, a company engaged in the field of consulting, integration, and management of information technology systems.

Why did MLPT's stock price drop drastically?

MLPT conducted a stock split with a ratio of 1:25, so that the share price fell from around Rp25,000 to Rp1,000 per share.

What is a stock split?

A stock split is a split in the nominal value of a stock to increase the number of shares outstanding and lower the price per share, making it more affordable for retail investors.

Was MLPT ever suspended?

Yes, the IDX temporarily suspended trading in MLPT shares due to a stock split and theoretical price adjustments.

Who is the majority owner of MLPT?

PT Multipolar Tbk (part of the Lippo Group) owns 84.95% of MLPT shares.

What is MLPT's main business?

Consulting, integration, and management of information technology systems, with clients ranging from banks, department stores, hospitals, factories, to universities.

What is the current price of MLPT?

Rp1,625 on July 22, 2026, up 25% from the previous closing.