PT Chitose Internasional Tbk
IIDX:CINT176.00
IDR
+1.00
(+0.57%)
PT Chitose Internasional Tbk
IDX:CINT
(Indonesia Stock Exchange)
Recent
price
176.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PT Chitose Internasional Tbk is an Indonesian furniture manufacturer primarily engaged in the production and sale of steel furniture products, including folding chairs, folding chairs with memo, banquet chairs, banquet tables, storage racks, meeting chairs, office chairs, school chairs, hospital beds, and other furniture for hotels, restaurants, offices, schools, hospitals, and homes. The company offers over 200 variants of furniture and hospital beds and produces custom furniture according to customer specifications. It markets its products across Indonesia through 22 distributors and 850 agents and exports to 34 countries. Founded in 1978 and headquartered in Cimahi, West Java, PT Chitose Internasional Tbk is a subsidiary of PT Tritirta Inti Mandiri. Recent major company developments include achieving a 2% sales increase in 2024 with net sales of approximately IDR 461 billion, surpassing targets, and a 47% rise in pre-tax profit to IDR 23 billion. The company plans to target 2025 revenue of IDR 470 billion and pre-tax profit of IDR 25 billion, with an investment budget of IDR 2.5 billion. Key strategic initiatives involve strengthening marketing networks, expanding modern institutional product segments, innovating health and office furniture lines, boosting exports, improving production efficiency, and implementing SAP 4HANA ERP for enhanced internal controls. The company also focuses on enhancing its retail presence via digital platforms and marketplaces while maintaining its strong B2B market position. PT Chitose Internasional Tbk operates in furniture industry segments covering office, education, hospitality, healthcare, and food service markets, with a product portfolio covering chairs, tables, desks, cabinets, racks, and storage solutions. The company maintains extensive distribution and retail networks throughout Indonesia and internationally and invests in product innovation and market expansion to sustain growth and competitiveness in Indonesia and its global markets.