PT Express Transindo Utama Tbk (Express) is an Indonesian taxi operator controlled by Peter Sondakh's Rajawali Corpora, a leading conglomerate in Indonesia. Express is Indonesia's second-largest taxi operator with more than 11,000 taxis in operation in primarily the Greater Jakarta Area as well as in a number of other large cities in Indonesia. According to the company, it holds a market share of about 30 percent in the Greater Jakarta Area's taxi services sector.
|Industry Sub Sector||Transport Services|
|Listed||2 November 2012|
|Listed company code||TAXI|
|Major Shareholders (>5%)||Rajawali Corpora (51.00%)|
|Key Subsidiaries||Satria Express Perdana
Express Sabana Utama
Stock Quote Express Transindo Utama - TAXI:
Express Transindo Utama is the biggest competitor of the Blue Bird Group with regard to taxi operations in Indonesia. Currently Blue Bird is still market leader but Express is showing signs of aggressive expansion. On 2 November 2012 Express debuted on the Indonesia Stock Exchange (making it Indonesia's first publicly traded cab service) by selling 49 percent of its equity, raising IDR 588.7 billion (about USD $60 million). Express used proceeds to increase and rejuvenate its fleet, and to acquire an entire stake in Jakarta-based taxi operator Ekspres Mulia Kencana.
Express provides the following services:
• Regular Taxi Services
• Premium Taxi Services
• Value Added Transportation Business (VATB)
However, approximately 85 percent of the company's income comes from the regular taxi services. The company's regular taxis can be found in the Greater Jakarta area, Semarang, Surabaya, Padang, and Medan. At the end of 2014, Express had around 400 premium taxicabs that are all used in the Greater Jakarta area. Its VATB business segment consists of limousine services (Bandung, Bali and Lombok) and charter bus services.
The company is part of Rajawali Corpora. Rajawali Corpora, one of Indonesia's largest conglomerates, was founded in 1984 and is active in various sectors including mining, plantation, transportation and property.
Click here for an overview and analysis of Indonesia's taxi services industry
Express Transindo Utama's Operational Highlights:
|Taxi Fleet Size
¹ indicates target
Express Transindo Utama's Financial Highlights:
|Income before Tax||46.3||81.8||106.9||174.0||152.6|
|Earnings per Share¹||46.72||45.39||53.46||61.72||53.50|
|Dividend per Share¹||10||12|
in billion IDR rupiah (except stated otherwise)
¹ in IDR rupiah
Sources: Express Transindo Utama, Annual Report 2014
Stock Performance Express Transindo Utama (TAXI) versus Jakarta Composite Index (JKSE):*
* normalized stocks, 1 January 2015 = 100
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