PT Multi Garam Utama Tbk
IIDX:FOLK86.00
IDR
+15.00
(+21.13%)
ISIN
ID1000194202
Return %
Stock
S&P 500
1Y
-58.25
14.20
3Y
34.38
81.12
5Y
- -
68.34
Capital Structure
IDR
•
in mil. unless spec.Working Capital
IDR
•
in mil. unless spec.Growth Rates
IDR
•
in mil. unless spec.Quarterly Revenue
IDR
•
in mil. unless spec.Quarterly Earnings Per Share
IDR
•
in mil. unless spec.Quarterly Dividends Per Share
IDR
•
in mil. unless spec.Company Description
- CEO
- Danny Sutradewa
- Full Time Employees
- 31
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- Jakarta Indonesia
- IPO Date
- Aug 7, 2023
- Website
- folkgroup.co
- Similar Companies
- Business
- PT Multi Garam Utama Tbk, commercially known as Folk Group, is an Indonesia-based multi-sector holding company engaged in the consumer retail, digital media commerce, and creative economy sectors. Founded in 2019 and headquartered in South Jakarta, Indonesia, the company operates an integrated business ecosystem targeted primarily at the Millennial and Generation Z demographics across three core operational pillars: Omni-Channel Retail Brands, New Age Media Commerce, and Intellectual Property (IP) & Community. Under its Omni-Channel Retail Brands segment, the company develops, manufactures, and markets direct-to-consumer lifestyle and consumer goods through dedicated operating subsidiaries; it offers women's footwear, lifestyle apparel, and fashion accessories via PT Amazara Indonesia Mandiri (Amazara); premium eco-friendly personal care formulations, sanitizers, disinfectants, hand washes, and household hygiene products via PT Drsoap Global Indonesia (Dr. Soap); and color cosmetics, lip care essentials, and beauty skincare products via PT Syca Kreasi Indonesia (SYCA). Under its New Age Media Commerce and IP & Community segments, the company provides multi-platform digital media production, influencer talent management, digital marketing, and event organization; it provides financial literacy, capital markets education, and business media publications via PT Finfolk Media Nusantara (Finfolk); youth culture content, streetwear and lifestyle exhibitions, and creative agency services via PT Untung Subur Sejahtera (USS Networks); and multi-genre creator network management, sports entertainment, and digital podcast production via PT Rekam Digital Kreatif (R66 Media). The company conducts its operations primarily across Indonesia, distributing products through proprietary e-commerce storefronts, third-party digital marketplaces, and traditional and modern physical retail channels. In recent corporate developments, PT Multi Garam Utama Tbk completed its initial public offering on the Indonesia Stock Exchange in August 2023 under the ticker symbol FOLK to finance subsidiary expansions, digital infrastructure, and working capital. The company expanded its digital media footprint through strategic investments in prominent youth media platforms, including Folkative, and consolidated its corporate structure by acquiring controlling interests in holding entities such as PT Traya Multi Investama. Additionally, the company initiated private placement capital increases, introduced executive leadership adjustments to accommodate strategic shareholders, and accelerated its omni-channel retail presence by expanding nationwide modern trade distribution networks and launching new product lines across its beauty and personal care portfolios.