- Business
- PT Buana Artha Anugerah Tbk (STAR.JK) operates as an Indonesia-based investment holding and management consulting company with diversified operations across multiple sectors; it provides asset management services including mutual funds, money market instruments, fixed income securities, and securities portfolio management through subsidiaries such as PT Foster Asset Management, PT Star Semesta Sejahtera, PT Tunas Surya Abadi, PT Cakrawala Karya Mitra, and others; the company also engages in large-scale commodity trading focused on yarn, cotton, fiber, and petrochemical products for wholesale distribution, alongside activities in construction, industry, mining, land transportation, agriculture, printing, workshops, share participation, investing, financing, divestment, and general services excluding legal and tax consulting. Founded in 2008 as PT Star Asia International and listed on the Indonesia Stock Exchange in 2011 following its initial public offering, the company is headquartered at Menara BCA, 45th Floor, Grand Indonesia, Jl. MH Thamrin No. 1, Menteng, Central Jakarta, Indonesia, with primary operations concentrated in Indonesia targeting institutional and retail investors, commodity buyers in textiles and related industries, and clients across its diverse business segments. In a significant recent development, Calculus Investment Pte Ltd, a foreign entity, acquired controlling interest by purchasing 1.544 billion shares representing 32.19% of the company from prior controller PT Kencana Selaras Sejahtera in November 2025, marking a major shift in ownership and governance; this transaction triggered a sharp rise in share price and aligns with the company's strategic evolution since its 2019 name change from PT Star Petrochem, which broadened its focus toward asset management resilience and subsidiary synergies; additionally, the company reported robust nine-month results through September 30, 2025, with sales of IDR 4.59 billion and net income of IDR 8.34 billion, reflecting year-over-year growth amid its trailing twelve-month revenue of IDR 5.04 billion and net income of IDR 9.70 billion.