Indonesian Market Overview and Key Corporate Announcements

Market Performance

The Indonesian Composite Index (IHSG) closed 0.47% higher at 8,548.79 on December 1, 2025. The positive movement was supported by significant gains in major stocks such as TLKM (+3.99%), BBCA (+1.51%), and DSSA (+2.59%). Conversely, stocks like ASII (-2.67%), RISE (-14.95%), and BRPT (-3.07%) exerted downward pressure on the index.

Sector Performance

Out of 11 sectors, 6 recorded gains led by the cyclical sector (+2.89%), while the property sector declined (-2.02%). Foreign investors recorded a net sell of IDR 104.13 billion in the regular market and IDR 120.38 billion overall.

Corporate Announcements

Pantai Indah Kapuk Dua (PANI) Rights Issue

PANI announced plans for a rights issue of up to 1.21 billion new shares at Rp12,975 per share. This potentially raises IDR 15.73 trillion, slightly lower than previous estimates of IDR 16.73 trillion. Shareholders owning at least 50,831 shares as of December 10 will be entitled to receive 3,646 new shares. Failure to exercise rights could result in maximum dilution of 6.693%.

Bank Central Asia (BBCA) Interim Dividend

BBCA declared an interim cash dividend for fiscal year 2025 amounting to Rp55 per share, totaling IDR 6.77 trillion. The dividend represents a continuation of BBCA's increasing dividend trend over the past five years, from Rp25 in 2021 to Rp55 in 2025. Key dates include cum date on December 2 and payment date on December 22. Based on BBCA's closing price of Rp8,400 on December 1, the estimated dividend yield is approximately 0.65%.

Investment Recommendations

Several stocks were recommended for trading: GOTO (Buy: 63-65), HUMI (Buy: 169-170), JPFA (Buy: 2500-2530), CBDK (Buy: 8200-8250), and INDY (Buy: 1955-1960). These recommendations come with appropriate target prices and stop-loss levels.