Dec 4, 2011

Hamami family and ABM Investama

Not many know about Hamami's family business with its PT ABM Investama Tbk and PT Tiara Marga Trakindo (TMT). But, if you mention about heavy equipment Caterpillar, people will surely know about it.
President Director Jos Parengkuan at PT Syailendra Capital, a local-based asset management company and backed-up by one Asian sovereign wealth fund, said ABM Investama has a similar business model with PT United Tractors Tbk.
But, ABM Investama still puts Caterpillar business outside its energy integrated business lines. "We put the investment into ABM Investama is because a solid track record of ABM Investama and Hamami family. They have a good reputation in business," Jos said.
Do you want to know more about Hamami family business and Rachmat Mulyana Hamami or known as Muki Hamami? My colleague Pudji Lestari, a writer at Forbes has put a comprehensive story about them at her blog. Enjoy the stories.
Disclosure: No position at the stock mentioned above.

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