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IDN Financials4 May

The Jakarta Composite Index rose 0.22% to 6,971.95 as foreign investors net‑bought IDR 1.92 trillion, but gains were capped by a slide in PT GoTo Gojek Tokopedia (GOTO), whose shares fell more than 5% amid worries that a proposed cut in ride‑hailing commissions could hit its revenue and margins. The broader market saw mixed sector performance, with seven of eleven sector indices slipping while consumer‑related sectors posted modest gains, and foreign buying was led by PT Timah (IDR 91.7 bn) and PT Barito Pacific (IDR 74.1 bn).

JAKARTA – Jakarta Composite Index (JCI) rose 0.22%, or 15.15 points, to 6,971.95 in trading on Monday (4/5). Analysts at Phintraco Sekuritas said JCI moved in a sideways trend at the start of the week. Although the index strengthened early in the session, gains were increasingly limited due to sentiment dominated by discussions over a potential reduction in ride-hailing commissions, which dragged shares ofPT GoTo Gojek Tokopedia Tbk (GOTO)down by more than 5%. “This has triggered investor concerns over GOTO’s fundamental outlook, as the policy is seen as potentially reducing the company’s revenue and margins,” Phintraco analysts said. Total trading value on the Indonesia Stock Exchange (IDX) reached IDR 21.17 trillion, involving 60.31 billion shares. JCI’s gains were supported by foreign capital inflows, with investors recording net buying of IDR 1.92 trillion across the market. Shares ofPT Timah (Persero) Tbk (TINS)posted the highest net foreign buying at IDR 91.7 billion, followed by PT Barito Pacific Tbk (BRPT) at IDR 74.09 billion. By volume,PT Minna Padi Sekuritas Tbk (PADI)led foreign net buying with 157.86 million shares, followed byPT Bakrie & Brothers Tbk (BNBR)with 11.10 million shares. Seven of the eleven sectoral indices declined, while only four sectors posted gains, led by the cyclical consumer sector, up 2.53%, and the non-cyclical consumer sector, which rose 1.53%. (KR/ZH) Easily monitor shareholders with 1%+ ownership in listed companies.

PT Sekar Laut Tbk (SKLT), a producer of shrimp crackers, sauces and other food items, announced a 10 % price increase for its products to offset rising raw‑material, packaging and logistics costs driven by global geopolitical tension, weaker consumer purchasing power and higher interest rates. The company also flagged a slowdown in Middle‑East exports due to container shortages, while outlining a 2026 target of 10 % sales growth and 20 % net‑profit growth. Analysts expect the price hike to cushion margins but may weigh on the stock in the short term as investors assess the impact of tighter margins and export headwinds.

Emiten News· 4 May

Hanjaya Mandala Sampoerna Tbk (HMSP) disclosed that director Elvira Lianita resigned effective 1 May 2026 to take a Vice‑President role in corporate affairs for Philip Morris Asia Limited in Hong Kong. The company said the board change will not materially affect HMSP’s operations, financial condition or legal standing, and the resignation will be ratified at the annual shareholders’ meeting on 18 May 2026. Consequently, the news is expected to have only a negligible impact on HMSP’s stock price.

Emiten News· 4 May

Prajogo Pangestu sold 782.9 million CUAN shares on 27‑29 April 2026 at Rp1 281‑Rp1 321 each, raising about Rp1 trillion and cutting his holding from 82.34 % to 81.64 % of PT Petrindo Jaya Kreasi Tbk (CUAN). The sale boosted the company’s free‑float to roughly 18 % (over 20 billion shares), satisfying the regulator’s 15 % public‑float rule and increasing liquidity. No immediate price reaction was reported, but the larger float may support tighter spreads and more active trading.

Emiten News· 4 May

PT Garuda Metalindo Tbk (BOLT) announced a cash dividend of Rp 50 per share, amounting to Rp 117.19 billion for FY 2025, approved at the annual shareholders’ meeting on 27 April 2026. The dividend record date is 8 May 2026, with payment scheduled for 26 May 2026, and the cum‑dividend date set for 5 May 2026. Following the announcement, BOLT’s shares rose 1.11 % in early trading on 4 May 2026, closing at Rp 910.

Emiten News· 4 May

PT Grahaprima Suksesmandiri Tbk (GTRA) signed a corporate loan agreement with PT Bank Shinhan Indonesia for a Rp200 billion facility at 7.5 % per annum, secured by fiduciary liens on the trucks to be purchased and personal guarantees from its directors. The funding is earmarked to expand GTRA’s truck fleet and is stated to have no immediate effect on the company’s operations, legal standing, financial condition, or business continuity. Analysts view the loan as a catalyst for growth, which could support GTRA’s share price and overall market sentiment toward the logistics sector.

Emiten News· 4 May

Triniti Properti (TRIN), a real‑estate developer linked to Prabowo’s niece Rahayu Saraswati, said its Q1 2026 results reflect timing of revenue recognition under PSAK 115, so most unit sales made in the quarter are not yet recorded as revenue. The company reported marketing revenue of Rp 142 billion, a sharp drop in cost of goods sold (‑97.6 %) and net profit rising to Rp 2.3 billion, and expects a “fantastic” surge in recognized revenue when unit hand‑overs begin in the second half of 2026. Analysts view the outlook as a catalyst for the stock, anticipating upward pressure on TRIN’s share price as the backlog materialises.

Emiten News· 4 May

PT Adira Dinamika Multi Finance Tbk (ADMF) reported a strong Q1‑2026, with total revenue rising 7.4 % to Rp3.21 trillion and pre‑tax profit up 26.1 % to Rp618 billion, driven mainly by a 15.4 % jump in consumer‑financing income. Despite lower murabahah and musyarakah margins, earnings per share increased 25.6 % to Rp392, and total assets grew modestly to Rp39 trillion. The upbeat results are expected to lift ADMF’s share price and reinforce bullish sentiment toward the stock in the Indonesian market.

Emiten News· 4 May

PT Chandra Asri Pacific Tbk (TPIA) posted a net profit of US $146.13 million in Q1 2026, reversing a US $25.64 million loss a year earlier, driven by a 286% jump in revenue to US $2.40 billion—led by a new US $1.45 billion energy segment and higher chemical and infrastructure sales. The earnings surge lifted the company’s assets to US $12.51 billion and is expected to boost investor sentiment, likely supporting a rise in TPIA’s share price on the IDX.

Kontan Market· 4 May

PT Bayan Resources Tbk (BYAN) reported a 12.45 % YoY decline in net profit for Q1‑2026 to US$190.79 million, driven by a 7.7 % drop in total revenue and a 15.3 % fall in gross profit as coal sales fell while non‑coal income rose. The earnings contraction, together with lower operating costs, left the company’s assets up 3.9 % to US$3.51 billion but signaled weaker performance for Indonesia’s coal sector. Analysts noted the results could weigh on BYAN’s share price and broader mining‑sector sentiment on the IDX.

Kontan Market· 4 May

The Fed’s decision to keep rates steady at 3.50‑3.75% spurred a bullish outlook for Bitcoin, which rose 1.6% in the past week to about US $80,300 and is projected to reach US $90‑100 k by year‑end as institutional inflows into Bitcoin ETFs hit a record US $1.97 bn in April. Analyst Andri Fauzan said the strong ETF inflow supports the crypto rally and reinforces a broader risk‑on sentiment that helped the Indonesian stock market edge higher, with the Jakarta Composite Index (IHSG) up 0.17% and LQ45 leaders AMRT, SCMA and ADMR posting gains. The crypto‑driven optimism is seen as a catalyst for continued resilience in the Indonesian market despite recent price corrections.

Kontan Market· 4 May

The Indonesian rupiah slipped 0.23% to Rp 17,377 per U.S. dollar on Monday, marking a 2.08% monthly and 3.98% year‑to‑date depreciation and eroding foreign‑exchange reserves by $8.9 billion to a low of $148.2 billion. BRI Danareksa Securities warned that each 1% weakening of the rupiah could trigger a 3‑5% correction in the Jakarta Composite Index (IHSG) and generate weekly capital outflows of Rp 1.5‑2.5 trillion, pressuring large‑cap, highly liquid stocks such as AMRT, SCMA and ADMR. The broker projects the rupiah to trade between Rp 17,000‑17,700 in Q2 2026, with the current range around Rp 17,300‑17,500.

Kontan Market· 4 May

Prajogo Pangestu, Indonesia’s richest man, sold 782.9 million CUAN shares (PT Petrindo Jaya Kreasi Tbk) over 27‑29 April 2026 at Rp 1,289‑1,321 per share, cutting his holding from 82.33 % to 81.64 % to boost the company’s free‑float in line with new BEI regulations. CUAN reported a strong Q1 2026, posting a net profit of USD 5.69 million and revenue of USD 371.33 million, up 73.6 % YoY, which helped contain any negative price pressure from the insider sale. The transaction modestly increased share liquidity but is not expected to materially move the broader market.

Emiten News· 4 May

The Jakarta Composite Index (IHSG) rose 0.17% to 6,968.5 points in the first session, buoyed by gains in non‑primary consumer goods (+1.19%), primary consumer goods (+1.05%), infrastructure (+0.93%) and property (+0.31%) sectors. Among LQ45 stocks, Amerta Indah Otsuka (AMRT), Surya Citra Media (SCMA) and Adaro Minerals (ADMR) were the top gainers, while other LQ45 constituents posted losses (specific losers not listed). Total market activity reached 44.93 billion shares, valued at roughly Rp 14.89 trillion.

Kontan Market· 4 May

PT Wijaya Karya Tbk (WIKA) posted a net loss of Rp 1.13 trillion in Q1 2026, widening from a Rp 780 billion loss a year earlier, as revenue fell 16% to Rp 2.6 trillion and heavy expenses eroded profitability. The loss translated into a basic loss per share of Rp 28.52, up from Rp 19.57 a year ago, and pushed total equity down to Rp 516 billion. The disappointing results are expected to weigh on WIKA’s share price and could drag broader infrastructure‑related stocks lower in the Indonesian market.

Kontan Market· 4 May

PT Bumi Serpong Damai Tbk (BSDE) reported pre‑sales of Rp2.54 trillion in Q1 2026, equal to 25 % of its annual target and a 5 % year‑on‑year increase, driven mainly by residential projects in BSD City. The strong demand for housing and commercial units lifted BSDE’s earnings outlook and helped raise its weighting in the LQ45 index, supporting broader market sentiment in the Indonesian property sector.

Emiten News· 4 May

PT RMK Energy Tbk (RMKE) announced that it has completed its share‑buyback program, repurchasing 11.48 million shares (0.26 % of its capital) for about Rp44.58 billion, roughly 22 % of the originally planned Rp200 billion allocation. The announcement coincided with a sharp sell‑off in RMKE’s stock, which dropped about 10.9 % (30 points) to Rp1,930 and traded 13.9 million shares on the day. The buyback was intended to support the share price amid heightened market volatility, but the immediate market reaction was a notable price decline.

Emiten News· 4 May

PT Jayamas Medica Industri Tbk (OMED) posted a robust Q1 2026, with net sales up 31.1% YoY to Rp572.2 billion and net profit rising 35.4% to Rp99.0 billion, driven by a 54.1% surge in unit volume and higher government health‑care spending. The earnings beat lifted OMED’s shares and bolstered sentiment in Indonesia’s medical‑equipment sector, which is expected to benefit from continued fiscal support for health‑care procurement.

Emiten News· 4 May

PT Multi Prima Sejahtera Tbk (LPIN) approved a cash dividend of Rp 45 per share for FY 2025, totaling Rp 19.13 billion, with the cum‑dividend date set for 7 May 2026 and payment scheduled for 25 May 2026. The announcement came after the company reported a net profit of Rp 33.04 billion for 2025 and a strong equity base of Rp 355.13 billion. Following the news, LPIN’s shares rose about 4 percent in intraday trading, reaching roughly Rp 474.

Emiten News· 4 May

On Monday (May 4, 2026) PT GoTo Gojek Tokopedia Tbk (GOTO) plunged to the Rp 50,000 “circuit‑breaker” level, falling 7.4% and becoming the worst‑performing stock on the Jakarta Composite Index after the government’s new Presidential Decree No. 27/2026 capped ride‑hailing commission rates at a maximum of 8 percent. The rule cuts the take‑rate that has been a core revenue source for GOTO’s ride‑hailing business, prompting investors to sell on fears of margin compression, although analysts note the company posted its first net profit and a positive adjusted EBITDA of Rp 907 billion in Q1 2026. The sharp drop pressured the broader market, with GOTO leading the day’s sell‑off on the IHSG.

Emiten News· 4 May

Several listed companies announced dividend payouts for the coming month, led by PT Bank Rakyat Indonesia (BBRI), which will pay Rp 346 per share on 8 May 2026—a cash dividend of Rp 52.1 trillion for FY 2025, representing a 92 % payout ratio and a 10 % yield. Other banks slated to distribute dividends include PT Bank Mandiri (BMRI), PT Bank Central Asia (BBCA) and PT Bank Negara Indonesia (BBNI), while energy firm PT Pertamina Geothermal Energy (PGEO) is also on the list. The announcements are expected to lift investor sentiment and provide short‑term support to the IDX banking and energy sectors.

Bloomberg Technoz· 3 May

PT Green Power Group Tbk (LABA) sold its holdings in PT Bangun Karya Perkasa Jaya Tbk (KRYA) in five transactions during April 2026, disposing 80.3 million shares (4.84 % of KRYA) for a total of about Rp 6.63 billion and cutting its stake from 8.94 % to 4.11 %. The divestments came amid pressure on KRYA’s stock, which closed 3.95 % lower at Rp 73 on 30 April and has fallen roughly 16 % over the past week and 48 % year‑to‑date.

Emiten News· 3 May

PT Sariguna Primatirta Tbk (CLEO) reported a 15.8 % year‑on‑year rise in Q1‑2026 sales to Rp 774.4 billion, driven by a 16.9 % increase in bottled‑water and a 16.2 % rise in non‑bottled segments, while consolidated net profit grew 5.2 % to Rp 122.6 billion. The company announced plans to add three new production plants in Palu, Pontianak and Pekanbaru (the first to start in Q3‑2026) and is evaluating three additional sites to expand distribution capacity. The strong top‑line and capacity‑expansion outlook are expected to support CLEO’s share price and reinforce its position in the Indonesian bottled‑water market.

Emiten News· 3 May

PT Chitose Internasional Tbk (CINT) reported a strong Q1‑2026, with net profit rising 21 % year‑on‑year to Rp1.98 billion and sales increasing 6 % to Rp114 billion, supported by a Rp15 billion capex plan that expands its chair‑manufacturing business into healthcare products. The company set an ambitious 2026 outlook of about Rp560 billion in revenue and Rp35 billion in net profit, aiming for an 8 % sales growth and 5 % profit increase. The upbeat results and bullish guidance are expected to lift CINT’s share price and reinforce positive sentiment in the Indonesian consumer‑goods sector.

Emiten News· 3 May

PT Island Concepts Indonesia Tbk (ICON) reported a turnaround in its 2025 annual results, posting a net comprehensive profit of Rp5.87 billion on revenue of Rp232.5 billion—up 13.5% from the prior year—after four consecutive years of losses. The upbeat earnings triggered a strong market reaction, with ICON’s shares jumping more than 12% in a single session on 30 April 2026. The rally lifted the small‑cap’s market capitalization to roughly Rp153 billion, but analysts note that liquidity remains thin and future performance will depend on the recovery of its hospitality, catering and facility‑management segments.

Emiten News· 3 May

Indonesia’s government issued Presidential Decree No. 27/2026, raising the revenue share for online‑motorcycle‑taxi drivers to a minimum of 92 % of each fare and capping platform fees at 8 % (down from about 20 %). GoTo Gojek Tokopedia (GOTO) said it is reviewing the regulation’s impact, will adjust its operations and coordinate with authorities, and noted that the rule also affects rivals such as Grab. The move has put pressure on GOTO’s margins and sparked short‑term volatility in its shares as investors gauge the financial effect of the tighter fee structure.

Emiten News· 3 May

PT Bukit Asam Tbk (PTBA) reported a 104.81 % year‑on‑year jump in net profit to Rp801.79 billion in Q1 2026, even though revenue slipped 0.29 % to Rp9.93 trillion, driven by lower cost of goods sold and strong coal sales. The state‑owned miner’s tighter inventory management, efficiency measures and selective mining offset higher fuel costs from the Hormuz conflict. The earnings surprise lifted PTBA’s shares, pushing the stock higher in the Jakarta market and reinforcing a bullish sentiment for the coal sector.

Emiten News· 3 May

PT Celebes Mining Resources sold its entire 13.87 % stake in PT Harapan Duta Pertiwi Tbk (HOPE), off‑loading 295.5 million shares at Rp228 each for a total proceeds of about Rp67.38 billion. After the divestment, Celebes Mining’s holding was reduced to virtually zero (33 shares). The large sell‑off added to pressure on HOPE’s stock, which closed at Rp165 on 30 April 2026, down roughly 7.3 % from the previous session.

Emiten News· 3 May

Indonesia’s Ministry of Communication and Digital (Komdigi) has launched an auction for the 700 MHz and 2.6 GHz radio‑frequency bands to be used for mobile networks starting in 2026, a move analysts say could lift ARPU and drive earnings growth for telecom operators. The news prompted specific coverage of XL Smart Telecom (EXCL), which is accelerating its network integration and spectrum‑return projects, and Telkom Indonesia (TLKM), whose conditional spin‑off of wholesale fiber assets to Telkom Infrastruktur Indonesia (TIF) is already priced in but could benefit from any ARPU upside; Indosat Ooredoo Hutchison (ISAT) also showed strong Q1 earnings and is expected to gain from network expansion. Overall, broker recommendations are bullish on the sector, suggesting the spectrum auction could act as a catalyst for higher valuations across Indonesia’s telecom stocks.

Kontan Market· 3 May

Alamri Resources Indonesia Tbk (ADRO) reported a 23.4 % YoY rise in Q1‑2026 revenue to US$ 470.9 million, driven by a 33.97 % jump in mining revenue and a 15.3 % increase in mining services revenue. Net profit attributable to shareholders surged 67.1 % YoY to US$ 128.1 million, with gross profit up 61.8 % and pre‑tax profit up 70.3 %. The strong earnings beat is expected to boost ADRO’s share price and lend positive momentum to Indonesia’s mining sector.

Kontan Market· 3 May

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