BI-International, registered in Belgium. Founded in February 2006.

CEO Sander Jan de Bie

We have strong indications that Sipef’s market value is significantly overvalued and that its stock price could fall by 75%.

Reason.

The company’s claimed positions in Indonesia regarding profits derived from palm oil holdings and production conflict with the political ambitions and strategy of the current regime.

Danantara Indonesia exercises full direct or indirect control and exerts a negative influence on the results for participating parties.

 

GVA Gazet van Antwerpen August 17th. 2026 

Meer dan honderd jaar oud en nu een miljard waard: wat voor bedrijf is Sipef, het Antwerpse kroonjuweel van de beurs? Het Antwerpse bedrijf Sipef blijft recordwinsten noteren dankzij één populair maar niet onbesproken product: palmolie. Het aandeel schoot hierdoor omhoog en de komende jaren zien er alleen maar rooskleuriger uit, zegt analist Tom Simonts.

  • Set up by the sovereign wealth fund on June 1, ​PT Danantara Sumberdaya Indonesia (DSI) is part of President Prabowo ​Subianto's plan to channel exports of key commodities such ⁠as coal, palm oil and ferroalloys through a central government-run agency to ​tackle concerns about under-invoicing and transfer pricing, which the government says ​have caused significant losses.
  • DSI said in a statement: "The implementation commencing in September 2026 will serve as the soft launch of the integrated export ​governance system, whereby export data and export administration for ​strategic commodities will begin to be processed through the national governance mechanism ‌in ⁠accordance with applicable regulations."
  • "This stage does not change DSI's implementation approach, which remains phased and market-oriented," DSI said, adding it would still act as an intermediary and "governance facilitator" focused ​on transparency and ​ensuring continuity ⁠for exporters and international buyers.
  • In a separate statement on Tuesday, DSI said it was still ​improving export traceability and identifying discrepancies in consolidated transaction ​data, although ⁠such discrepancies do not automatically constitute evidence of violations or under-invoicing.
  • "As implementation remains at an early stage, it is still ⁠too ​soon to draw conclusions regarding the ​extent of improvements or the impact on under-invoicing practices," the company added.