Top Indonesian Stocks of 2025: A Year of Remarkable Gains

CBRE Leads with Historic Surge

The year 2025 has been exceptional for Indonesian stocks, with PT Cakra Buana Resources Energi Tbk. (CBRE) achieving an unprecedented 5,136.84% gain ¹

. The stock's remarkable performance began in September 2025 when it reached Rp670 per share, eventually hitting an all-time high of Rp1,800 per share in October 2025. This surge was accompanied by significant developments, including a major investment of Rp1.6 trillion for acquiring ships to expand into offshore services.

Notable Performers in 2025

1. PT Indokripto Koin Semesta Tbk. (COIN): The newly listed company saw its stock price soar by 3,710% since its IPO in July 2025 at Rp100 per share. The stock's success was marked by a 70 times oversubscription during its initial public offering.
2. PT Bukit Uluwatu Villa Tbk. (BUVA): This stock rose by 2,532.17%, supported by strategic acquisitions, including a Rp536.28 billion deal with PT Summarecon Agung Tbk. (SMRA).
3. PT Pradiksi Gunatama Tbk. (PGUN): The stock gained 2,184.70%, with significant ownership by Haji Isam through various entities.
4. Telecommunication stocks like PT Mora Telematika Indonesia Tbk. (MORA) and PT Sinergi Inti Andalan Prima Tbk. (INET) also performed well, with gains of 1,985.11% and 1,374.85% respectively. INET's strong fundamental performance, with a 195% YoY revenue growth and 819% YoY net profit growth, supported its stock price.

Key Drivers of Stock Performance

• Strategic Investments: Companies like CBRE and BUVA made significant investments that boosted their stock prices.
• Corporate Actions: Rights issues, mergers, and acquisitions played a crucial role in driving stock performance. For instance, CBRE's planned rights issue and MORA's merger with MyRepublic were key highlights.
• Strong Fundamentals: Stocks like INET showed remarkable financial performance, which positively impacted their market valuation.

Market Outlook

The performance of these stocks reflects the dynamic nature of Indonesia's capital markets in 2025. As investors continue to seek growth opportunities, companies with strong strategic plans and financial performance are likely to remain in focus. The significant gains observed in various sectors indicate a positive outlook for the Indonesian stock market, driven by both domestic and international investor interest.