Solusi Sinergi Digital stock falls 2.86 percent as capex continues

Published on 10/08/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Solusi Sinergi Digital stock was trading at IDR 1,360 on October 8, 2026, down 2.86 percent. Its IDR 7 trillion capex plan targets more than 3.5 million customers.

Solusi Sinergi Digital, ID1000158504, Illustration mit AI erstellt.

Solusi Sinergi Digital stock (ISIN ID1000158504) was trading at IDR 1,360 on the Indonesia Stock Exchange on October 8, 2026, down 2.86 percent from IDR 1,400. The company is keeping its IDR 7 trillion 2026 capital expenditure plan in place, with fixed wireless access and fiber-to-the-home at the center of the expansion.

Capex plan stays in place

According to Bisnis.com on October 7, 2026, management said the network expansion would continue as planned despite changes in the board structure. The spending is aimed at FWA and FTTH, two platforms that management describes as the company's main growth engines.

The plan includes 5,500 additional radios and an IDR 1 trillion FTTH allocation through subsidiary Integrasi Jaringan Ekosistem. The FTTH program covers 1.5 million home passes and home connections, while capex spent through the first half of 2026 stood at IDR 1 trillion, according to Bisnis.com.

Customers are the operating test

Solusi Sinergi Digital had 2.35 million FWA and FTTH customers through the first half of 2026 and is targeting more than 3.5 million by the end of the year, CNBC Indonesia reported on October 8, 2026. That implies at least 1.15 million additional customers against the 1H26 base, making network utilization and subscriber acquisition central execution measures.

The company operates connectivity services including leased core, leased lines, colocation and content delivery networks, while its consumer brand Surge provides internet services. Its official website describes a fiber backbone extending 4,000 kilometers along Java's railway network and lists connectivity, technology and tower fiberization among its activities.

Stock remains below yearly high

The October 8 quote stood 69.23 percent above the IDR 1,270 52-week low and 69.23 percent below the IDR 4,420 52-week high. Trading volume was 25,077,100 shares, while market capitalization was IDR 7.2 trillion on the same date.

For investors, the key issue is conversion of planned spending into paying customers. The company had deployed IDR 1 trillion of the annual capex plan by 1H26, while the customer target requires more than 3.5 million connections by year-end.