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All Journal Cerdika: Jurnal Ilmiah Indonesia JER
Siahaan , Uke Marius
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Public Health Social Sciences

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Strategic Alliance As A Business Strategy In Setting Up A Vaccine Factory (Case Study Of Pt Bandung Vaksin Sentosa) Brahma, Yoga; Siahaan , Uke Marius; Rahadi , Raden Aswin
Jurnal Economic Resource Vol. 7 No. 2 (2024): September - February
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

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Abstract

Indonesia, with a population of over 270 million, offers a growing vaccine market, driven by strong immunization programs and post-COVID awareness. CZBP proposes a joint venture with PT BVS to establish a vaccine facility focusing on downstream processes. A financial feasibility study will evaluate investment costs, expected revenue, risks, and the project’s long-term impact on national biopharmaceutical independence. It will also assess repayment capability, funding options, and financing strategies. The project requires IDR 363.69 billion, with the best outcome through a strategic partnership, achieving an NPV of IDR 2.778 trillion, IRR of 45.30%, and a Payback Period of 4.31 years
Financing Strategy for On-Grid Solar PV in Cement & Construction Industry: PT CBS Indonesia Case Sofyan , Dinda Saphira Nabila; Siahaan , Uke Marius; Rahadi , Raden Aswin
Jurnal Economic Resource Vol. 7 No. 2 (2024): September - February
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

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Abstract

In Indonesia, the cement industry plays an important for the development of infrastructure, as this industry keeps expanding along with infrastructure development projects and urban areas. This study analyzes the financing strategy for on-grid solar PV installation with a case study of PT Cibinong Bangun Sarana by using financial feasibility analysis, sensitivity analysis, capital budgeting, and US Index. The results show that an international bank loan with a debt-to-equity ratio of 40%:60% is the most optimal financing strategy. This study provides strategic insights for cement companies in implementing sustainable energy solutions, reducing electricity costs, and improving operational efficiency.
Business Strategy Through Acquisition By Developing Selection Process Model on Target Company (Case Study PT Sincerity Investama Abadi, Jakarta, Indonesia) Muhammad, Reyhan Devtyan; Rahadi, Raden Aswin; Siahaan , Uke Marius
Cerdika: Jurnal Ilmiah Indonesia Vol. 5 No. 10 (2025): Cerdika: Jurnal Ilmiah Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/cerdika.v5i10.2701

Abstract

This study develops a comprehensive selection model framework for acquiring target companies, with a specific focus on PT Sincerity Investama Abadi in Jakarta, Indonesia. The research integrates quantitative valuation methods, including Discounted Cash Flow (DCF) and the Adjusted Net Asset Method (ANAM), with financial ratio analysis to support strategic acquisition decisions. Through the systematic evaluation of five SME candidates using a weighted scoring model, the study identifies the most viable investment opportunities based on financial performance, management readiness, and strategic fit. The findings demonstrate that PT Multindo Cipta Kreasi emerges as the primary acquisition target, with a combined valuation of IDR 2.48 billion and a projected IRR of 15.69%, followed by Omen Futsal as a secondary diversification option. The proposed framework provides private equity and investment firms with a practical tool for optimizing acquisition choices, mitigating risks, and enhancing value creation. The study offers strategic implementation recommendations to improve the selection process and support sustainable investment decisions in the SME sector.
Co-Authors Brahma, Yoga Muhammad, Reyhan Devtyan Rahadi , Raden Aswin Rahadi, Raden Aswin Sofyan , Dinda Saphira Nabila