Swan.my.id - Jakarta — Salim Group stocks span far beyond the familiar Indofood names. In 2026, at least 12 companies listed on the Indonesia Stock Exchange (IDX) have ownership or business links to Anthoni Salim or the wider Salim Group.
The companies cover a broad range of industries. These include consumer goods, agribusiness, plantations, automotive, coal mining, copper and gold mining, data centers, media, technology, and banking.
The list includes major names such as PT Indofood Sukses Makmur Tbk (INDF) and PT Indofood CBP Sukses Makmur Tbk (ICBP). It also includes companies that may be less immediately associated with the Salim Group, such as Bumi Resources (BUMI), DCI Indonesia (DCII), and Bank Ina Perdana (BINA).
However, ownership structures can be complex and may change over time. Therefore, investors should distinguish between core Salim Group businesses and Anthoni Salim's personal investment portfolio.
12 Salim Group Stocks Listed on the IDX
Based on the ownership information cited in the source material, 12 IDX-listed companies have links to Anthoni Salim or the Salim Group.
| Ticker | Company | Sector | Salim Group or Anthoni Salim Link |
|---|---|---|---|
| INDF | Indofood Sukses Makmur | Consumer & agribusiness | Flagship company controlled through the First Pacific chain |
| ICBP | Indofood CBP Sukses Makmur | Consumer goods | Around 80% owned by INDF |
| SIMP | Salim Ivomas Pratama | Palm oil | Subsidiary of INDF |
| LSIP | PP London Sumatra Indonesia | Plantation | Part of the SIMP business chain |
| IMAS | Indomobil Sukses Internasional | Automotive | Part of the Indomobil business group |
| ROTI | Nippon Indosari Corpindo | Consumer goods | Affiliated with the Salim Group |
| DNET | Indoritel Makmur Internasional | Investment & digital | Investment vehicle linked to Anthoni Salim |
| BUMI | Bumi Resources | Coal mining | Linked through Mach Energy (Hongkong) Limited |
| DCII | DCI Indonesia | Data centers | Anthoni Salim-linked ownership |
| EMTK | Elang Mahkota Teknologi | Media & technology | Anthoni Salim-linked ownership |
| AMMN | Amman Mineral Internasional | Copper & gold mining | Linked through PT Pesona Sukses Cemerlang |
| BINA | Bank Ina Perdana | Banking | Linked through Indolife Pensiontama |
The ownership percentages are not identical across the companies. Some are controlled through subsidiaries or investment vehicles, while others represent minority positions.
That distinction is important because owning shares in a company does not necessarily mean that the company operates as a core Salim Group business.
How Does the Salim Group Ownership Structure Work?
The Salim Group can broadly be viewed through two layers.
The first layer consists of its traditional food and agribusiness operations. Indofood is the central listed company in this structure. INDF owns approximately 80% of ICBP, meaning the two companies are closely connected rather than being independent businesses.
SIMP and LSIP are also connected to the group's plantation and agribusiness operations. Their businesses include exposure to palm oil and other agricultural commodities.
This structure means investors who own several of these companies may have overlapping economic exposure. For example, INDF, ICBP, SIMP, and LSIP can be affected by factors such as commodity prices, currency movements, production costs, and Indonesian consumer demand.
The second layer consists of investments linked to Anthoni Salim outside the traditional food business.
This portfolio includes companies operating in different sectors. BUMI represents coal mining, DCII operates data centers, EMTK has media and technology businesses, AMMN is involved in copper and gold mining, while BINA operates in banking.
Because these companies operate in different industries, their business drivers can be very different from those affecting Indofood.
Are BUMI and AMMN Part of the Salim Group?
BUMI and AMMN are two names that can create confusion when discussing Salim Group stocks.
According to the ownership information cited in the source article, Mach Energy (Hongkong) Limited held 45.78% of BUMI as of September 19, 2025. The entity is associated with Anthoni Salim in the cited ownership data.
This makes BUMI an important part of the discussion, although the company has historically been strongly associated in the public mind with other business groups.
AMMN has a different ownership profile. PT Pesona Sukses Cemerlang, an investment vehicle associated with the Salim Group, held 4.56 billion AMMN shares, equivalent to 6.28%, as of December 31, 2025.
However, the position changed during the first half of 2026. The source material states that approximately 1.15 billion shares were sold between January and June 2026.
As a result, the percentage should not be treated as a permanent figure. Investors checking AMMN ownership should refer to the latest company disclosures and IDX information before making any investment decision.
Why Buying Several Salim Stocks Does Not Automatically Diversify a Portfolio
Holding several stocks under one business group can appear diversified because investors own different ticker symbols. However, different tickers do not always mean different sources of risk.
For example, INDF, ICBP, SIMP, and LSIP have business relationships within the broader food and agribusiness chain. Their financial performance can therefore be influenced by overlapping economic factors.
Three issues are particularly relevant:
- Business correlation: Companies operating in related industries may respond similarly to commodity prices, currency movements, or consumer demand.
- Free-float considerations: Companies with concentrated ownership can have a smaller portion of shares available to public investors, which can affect trading liquidity and price movements.
- Changing ownership: Minority investments can increase or decrease over time, potentially changing the relationship between an investor and the listed company.
Therefore, investors should analyze each company based on its own financial performance, valuation, industry outlook, and risk profile.
How to Buy Salim Group Stocks Through Pluang
Investors who want exposure to Indonesian stocks can access available IDX-listed shares through the Indonesian Stocks product on Pluang.
The general process includes:
-
Open and verify a Pluang account
Register through the application and complete the required identity verification process. -
Access Indonesian Stocks
Enter the Indonesian stock investment section and complete the required securities account setup if requested. -
Search for the stock ticker
Investors can search for tickers such as INDF, ICBP, or other available companies. -
Review the stock before trading
Check the current price, financial information, valuation, and relevant company disclosures. -
Enter the number of lots
One Indonesian stock lot consists of 100 shares. Investors should consider the value of the transaction and the risks involved before submitting an order.
The availability of individual stocks and trading conditions can change. Investors should check the latest information available on the platform before placing an order.
Key Takeaways for Investors
The Salim Group's presence on the IDX extends well beyond Indofood. The 12 companies identified in the source material cover a wide range of sectors, from consumer goods and plantations to mining, media, data centers, and banking.
However, investors should not treat all 12 companies as one identical investment basket.
INDF, ICBP, SIMP, and LSIP have closer operational relationships within the food and agribusiness ecosystem. Meanwhile, companies such as DCII, EMTK, BUMI, AMMN, and BINA represent different sectors and have their own business drivers.
Ownership information can also change. The AMMN example shows why investors should regularly review the latest disclosures instead of relying solely on historical ownership data.
Ultimately, identifying a company's connection to a major business group is only one part of stock analysis. Investors still need to consider financial performance, valuation, liquidity, industry conditions, corporate actions, and their own risk tolerance.
The information above is for identification and educational purposes, not investment advice. Past performance does not guarantee future results, and every investment decision remains the responsibility of the individual investor.