Corporate Actions and Happy Hapsoro Ambition Soar 6,500% Behind CBRE Stock Surge

The Big Plan Behind the Surge in CBRE Affiliate Happy Hapsoro’s Shares

Shares of PT Cakra Buana Resources Energi Tbk (CBRE), affiliated with businessman Happy Hapsoro. Experienced a remarkable surge in price. Reaching more than 6,500% since beginning of 2025. As of October 6, 2025, CBRE’s share price closed at Rp1,255, recording an all-time high (ATH).

CBRE shares undergo corporate action that drives stock price surge

The surge in CBRE share price was triggered by a series of strategic corporate actions announced by the company. One significant move was the plan to acquire a pipe-laying & lifting vessel worth US$100 million (around Rp1.6 trillion) from Hilong Shipping Holding. A subsidiary of Hilong Holding Limited. This move aims to transform CBRE business model from focusing on tugboats and barges to becoming an offshore vessel service provider. Which has the potential to increase the company’s US dollar-denominated revenue and profit margins.

In addition CBRE also planning an Extraordinary General Meeting of Shareholders (EGMS). On October 27, 2025, with three main agendas: approval of the purchase of a new fleet of ships, issuance of promissory notes to third parties as a payment mechanism, and changes to the company’s business activities.

Connection with Happy Hapsoro

Although Hapsoro not the direct controller of CBRE. There is a corporate relationship through PT Basis Utama Prima. A company owned by Hapsoro. Suganto Gunawan, who serves as the President Commissioner of CBRE. Is the owner of PT Omudas Investment, which controls 61.13% of CBRE’s shares.

Potential Entry into the MSCI Index

With a market capitalization that currently stands at around IDR 4.561 trillion, CBRE is within the capitalization range that meets the MSCI Small Cap requirements, which is IDR 3-5 trillion. However, the main challenge lies in the free float market cap. Assuming a free float of only 20%, CBRE current free float market cap is only around IDR 912 billion, far below the MSCI requirement of US$161 million (around IDR 2.58 trillion). To meet this requirement without increasing the free float, CBRE’s market capitalization must increase to IDR 12.9 trillion, which means the share price must be nearly three times its current level, at around IDR 3,000 per share.