Indonesian Stock Market Overview and Corporate Updates

Market Performance on November 11

The Indonesian Composite Index (IHSG) closed in the red on Monday, November 11, declining 0.29% to 8,366.52. The energy sector showed the strongest gain at 1.74%, while the financial sector experienced a 1.13% decline. Notable gainers included BUMI (+32%) and TLKM (+2.33%), which helped cushion the overall market decline. Conversely, major banks such as BBCA (-2.04%), BREN (-1.96%), and BBRI (-1.02%) were significant detractors. Foreign investors recorded a net sell of Rp638.77 billion in the regular market and Rp649.29 billion across all markets.

Corporate Updates

RISE Business Expansion

PT Jaya Sukses Makmur Sentosa (RISE), controlled by Hermanto Tanoko, has established a new subsidiary named PT Tera Bangun Perkasa. RISE holds a 99% stake valued at Rp1.60 billion in this new entity. This move continues RISE's expansion plans announced during their rights issue on October 21, which is still ongoing and will be further discussed in an Extraordinary General Meeting scheduled for November 27.

EMTK Interim Dividend Announcement

PT Elang Mahkota Teknologi (EMTK) has declared an interim cash dividend for FY2025 totaling Rp305.73 billion, or Rp5 per share. Key dates for investors include:

• Cum dividend: November 19 (regular/negotiation), November 21 (cash market)
• Ex dividend: November 20 (regular/negotiation), November 24 (cash market)
• Payment date: December 11

Trading Recommendations

Several stocks were recommended for trading:

1. ERAA - Buy range: 440-446 | Target: 456-464 | Stop loss: 416
2. ENRG - Buy range: 925-935 | Target: 955-985 | Stop loss: 870
3. PYFA - Buy range: 550-560 | Target: 580-600 | Stop loss: 510
4. BKSL - Buy range: 123-125 | Target: 127-130 | Stop loss: 116
5. MLPL - Buy range: 136-139 | Target: 143-148 | Stop loss: 129

Disclaimer: All analysis and stock recommendations are for information purposes only and do not constitute investment advice. Investment decisions remain with individual investors based on their risk profile and financial objectives.