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Winner, Winner, Chicken Buyer: Haji Isam Seals Farm Deal with KFC Indonesia

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Algo Research Team

Company | Jul 05, 2025 | Views: 594

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Key Summary:

  • FAST sold 15% stake in JAI to Haji Isam Family via SFN
  • The implied total valuation of JAI is IDR363bn, 1.2x PBV
  • JAI to supply 35% of FAST's chicken meat raw materials

PT Fast Food Indonesia (FAST), the exclusive franchise holder of the KFC brand in the country, has sold a minority stake in its subsidiary, PT Jagonya Ayam Indonesia (JAI), to PT Shankara Fortuna Nusantara (SFN), a company owned by the family of Haji Isam.


“Finger-Lickin” deal: According to a disclosure, SFN recently acquired 41,877 shares, equivalent to 15% ownership in JAI, for approximately IDR 54.4 billion. This transaction implies a total company valuation of IDR 363 billion.

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