Indonesian Market Gains Momentum with Key Corporate Developments

Market Overview

The Indonesian Composite Index (IHSG) closed higher by 0.55% at 8,416.88 on Monday, driven by significant gains in select stocks. DSSA surged 6.58%, BBCA rose 1.78%, and RISE led the gains with a 19.89% increase. Conversely, AMMN declined 4.55%, GOTO fell 4.62%, and BRMS weakened 4.62%, acting as the primary index detractors.

Corporate Updates

PT Djasa Ubersakti (PTDU) Private Placement

PTDU has announced plans for a private placement of 3.75 billion new shares at Rp16 per share. This issuance represents approximately 71.43% of the paid-up capital post-transaction. The company is expected to raise around Rp60 billion from this capital injection. The private placement is part of a broader change in control, with Penajam Makmur Jaya emerging as the potential new controlling shareholder. The transaction is targeted for completion by the end of December.

Surya Toto Indonesia (TOTO) Dividend Distribution

Surya Toto Indonesia has declared an interim cash dividend for FY2025 totaling Rp103.2 billion, equivalent to 26% of its cash and cash equivalents as of September 2025. Shareholders will receive Rp10 per share. Key dividend dates include: cum-dividend on November 25 (regular market) and November 27 (cash market), ex-dividend on November 26 (regular) and November 28 (cash), with payment scheduled for December 16.

Sector Performance

Out of 11 sectors tracked, six closed in positive territory. The property sector led the gains with a 2.41% increase, while the basic industry sector declined 2.06%. Foreign investors demonstrated significant activity with a net purchase of Rp666.66 billion in the regular market and a total net purchase of Rp710.06 billion across all markets.

Investment Recommendations

Several stocks were highlighted for potential investment: SSIA (Buy: 1725-1740, TP: 1785-1860), DATA (Buy: 5025-5075, TP: 5200-5375), RMKE (Buy: 2900-2930, TP: 3000-3050), MAPA (Buy: 750-755, TP: 775-795), and ASSA (Buy: 1150-1165, TP: 1190-1210). Investors are advised to consider these recommendations in light of their personal risk profiles and financial objectives.