Hatten Wines, trading under the ticker symbol “WINE,” continues to show promising financial performance in the stock market. The company’s stock is currently trading with a Price-to-Earnings (P/E) ratio of 19.03x and a Price-to-Book (P/B) value of 2.90x. The company reported a net profit of IDR 27 billion for the first semester of 2024, marking a significant increase of 19.5% compared to the same period in 2023.
Additionally, the company’s income surged in the first quarter of 2024, with a reported profit of IDR 14.8 billion, reflecting a 19.8% increase quarter-on-quarter (QoQ). This financial growth is underpinned by the company’s strategic market positioning and the recovery of Bali’s tourism industry.
Additionally, Hatten Wines has been proudly recognized as a Cobranding Partner of Indonesia’s Ministry of Tourism and Creative Economy, an acknowledgment of its status as an original local brand that actively partners with the ministry to elevate Indonesian brands on the international stage
A Commitment to Excellence Recognized Globally
Over the past three decades, Hatten Wines has garnered numerous international accolades, including being named Winery of the Year by the Asian Wine Review in 2017 surpassing more than 300 wine types from over 100 wineries in nine Asian countries. The Winery of the Year award is granted to wineries that consistently excel in their winemaking processes and flavor profiles.
Additionally, Hatten Wines was recognized as the Best Trophy Winner by the Asian Wine Review, reaffirming its status as a distinguished wine producer in Asia. The Asian Wine Review, published by The Flying Winemaker in Hong Kong, conducts evaluations through “Blind Wine Tastings,” ensuring that wines are assessed impartially.
“Our vineyards, nestled between the villages of Seririt and Sanggalangit on Bali’s picturesque northern coast, are the heart of our extensive viticulture research and development,” said Ida Bagus Rai Budarsa, Founder & CEO of Hatten Wines.
Ida Bagus Rai Budarsa being named the Southeast Asia Wine Pioneer Award winner in 2011 and Bali Top Hospitality Leader in 2024 added, “Here, we cultivate a diverse range of grape varieties, from Bali’s own Muscat St. Vallier to international varieties like Syrah, Chenin Blanc and some others, in collaboration with local farmers. This image captures the vibrant growth and dedication that define our commitment to winemaking excellence.”
Educating the Next Generation of Wine Enthusiasts
In addition to its winemaking endeavors, Hatten Wines is committed to education through the Hatten Education Center.
