Added to YB: 2026-10-02
Pitch date: 2026-09-27
MLBI.JK [bullish]
PT Multi Bintang Indonesia Tbk
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
PT Multi Bintang Indonesia Tbk operates as a beverage company in Indonesia and internationally. The company is involved in the production and marketing of alcoholic beverages and other products, as well as management consulting activity.
Market Cap
IDR 14.2T
Pitch Price
IDR 6.8K
Price Target
N/A
Dividend
8.31%
EV/EBITDA
6.24
P/E
11.05
EV/Sales
3.44
Sector
Beverages
Category
N/A
Hidden Champions of Indonesia - PT Multi Bintang Indonesia Tbk
MLBI.JK (quick overview): Bintang represents more than 50% of Indonesia’s local beer market, while Multi Bintang has a strong distribution network and benefits from restrictions on new investment and beer imports; return on equity is 122%. Kawan Senja boosted revenue in 2026, but beyond the post-COVID recovery profits have been difficult to grow sustainably, while younger consumers have become more health-conscious and spend more time at home rather than drinking out.
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