PT Minahasa Membangun Hebat Tbk

PT Minahasa Membangun Hebat Tbk

IIDX:HBAT
306.00
IDR
0.00
(0.00%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

Sector
Finance
Industry
Real estate development
Address
Sawangan Indonesia
IPO Date
Aug 7, 2023
Business
PT Minahasa Membangun Hebat Tbk is an Indonesia-based property development and construction company engaged in the planning, development, marketing, and management of residential housing estates and commercial properties. Founded in 2020 and headquartered in Minahasa, North Sulawesi, Indonesia, the company operates primarily within the Greater Manado and Minahasa metropolitan corridors. The company structures its core activities across residential property development, commercial real estate development, and construction and landbank management. PT Minahasa Membangun Hebat Tbk offers a comprehensive portfolio of real estate products and services, comprising landed residential houses across multiple themed master-planned clusters such as Cluster Bunaken, Cluster Boulevard, Cluster Rosewood, and The Classic, featuring single-story and two-story modern tropical designs including Type L7, Type L8, Type L9, Type 76, Type 78, Type A3, Type A4, and Type Bunaken B3; integrated community amenities and residential township infrastructure, including clubhouses, swimming pools, 24-hour security with gated one-gate access and closed-circuit television monitoring, digital smart lock door systems, barbecue areas, and communal event halls; commercial shophouses and retail spaces integrated within residential development zones; strategic land acquisition, site grading, zoning preparation, and land subdivision services; and general contracting, project management, and residential building construction services. In recent corporate developments, PT Minahasa Membangun Hebat Tbk completed its initial public offering on the Indonesia Stock Exchange in August 2023 under the ticker symbol HBAT, raising 26.00 billion Indonesian rupiah to accelerate its project pipeline and landbank expansion. The company allocated approximately 46 percent of the net proceeds toward strategic land acquisitions, securing a 38,000-square-meter parcel in Warembungan, Pineleng, Minahasa, and multiple parcels totaling 2,373 square meters in Malalayang Satu Timur, Manado, substantially enlarging its regional development landbank. Additionally, the company directed approximately 45 percent of the offering proceeds toward the construction of marketing facilities, public infrastructure, and recreational amenities across its flagship 13-hectare Sawangan Permai residential project. Operationally, the company has strengthened strategic partnerships with local building contractors, expanded its product line to meet evolving housing demand in North Sulawesi, and allocated net earnings to capital reserve funds to bolster balance sheet stability and fund ongoing township development initiatives.