Key insights and market outlook
Sinarmas Group companies showed strong performance in 2025, led by PT Dian Swastatika Sentosa Tbk (DSSA) with a 189.73% year-to-date (YTD) increase. Other group companies also saw significant gains: SMDM (123.81%), SMAR (39.04%), and TKIM (19.25%). The group's success is attributed to various factors including inclusion in major indices and commodity price movements.
The Sinarmas Group companies have demonstrated impressive stock performance throughout 2025, with PT Dian Swastatika Sentosa Tbk (DSSA) emerging as the standout performer. DSSA's stock price has surged by 189.73% year-to-date (YTD), reaching Rp 107,200 per share. This remarkable growth has been accompanied by significant gains in other group companies, although not to the same extent.
While DSSA led the pack, other Sinarmas group companies also recorded notable YTD increases: PT Suryamas Dutamakmur Tbk (SMDM) rose by 123.81%, PT Sinar Mas Agro Resources and Technology Tbk (SMAR) gained 39.04%, and PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) advanced by 19.25%. Some companies like PT Bumi Serpong Damai Tbk (BSDE) and PT Puradelta Lestari Tbk (DMAS) experienced slight declines of 0.53% and 11.41% respectively.
Fath Aliansyah, Head of Investment Specialist at Maybank Sekuritas Indonesia, noted that DSSA's performance stands out compared to other companies within the Sinarmas group. The stock's inclusion in major indices such as MSCI and FTSE has enhanced its liquidity, potentially decoupling its price movement from pure fundamental analysis. This development suggests that DSSA's growth may be influenced by both its strong fundamentals and its increased visibility in global investment indices.
The varied performance within the Sinarmas group presents both opportunities and challenges for investors. While DSSA's exceptional growth is attractive, the mixed performance across other group companies requires careful consideration of individual company fundamentals and market positioning. The inclusion of DSSA in major global indices may continue to drive its performance, potentially influencing other companies within the group.
Kenaikan Saham DSSA
Performa Emiten Sinarmas 2025