{ "success": true, "data": { "id": 2007710, "msgid": "idx-composite-drops-1-51-check-todays-stock-recommendations-1790650307", "date": "2026-09-29 08:52:34", "title": "IDX Composite Drops 1.51%, Check Today's Stock Recommendations", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "The Indonesia Composite Index (IHSG) fell by 1.51% to 6,147.86 amid significant foreign net selling and downward pressure from the US markets. Despite the market slump, major corporate updates include Merdeka Copper Gold's significant profit turnaround and United Tractors' announcement of an interim dividend.", "content": "

The Indonesia Composite Index (IHSG) closed lower by 1.51% at the\n6,147.86 level in trading on Monday (28\/9). Several stocks still\nrecorded gains, with AADI rising 3.33%, IMPC 2\u201983%, and AMRT 1.92%\nacting as leading movers. Conversely, GOTO fell 14.00%, AMMN weakened\n4.03%, and BRMS corrected 6.06% as lagging movers.<\/p>\n

Foreign investors recorded a net sell of Rp259.83 billion in the\nregular market and Rp1.13 trillion across all markets. Sectorally, nine\nout of 11 sectors ended in the red zone. The technology sector recorded\nthe deepest decline of 4.46%, while the transportation sector was the\nhighest gainer at 0.47%.<\/p>\n

Pressure was also visible in the United States stock exchanges. The\nDow Jones fell 0.67% to 51,481, the S&P 500 weakened 0.77% to 7,683,\nand the Nasdaq corrected 0.92% to the 26,820 level.<\/p>\n

In the domestic market, the implementation of the removal of the\nminimum share price limit of Rp50 also increased trading pressure. GOTO\nexperienced an automatic rejection at the bottom (ARB) and became one of\nthe main weights on the IHSG, contributing -12.84 points with a weight\nof 1.29% to the index. Meanwhile, the EIDO ETF and MSCI Indonesia\nindices weakened by 1.08% and 0.97%, respectively.<\/p>\n

Regarding corporate actions, PT Merdeka Copper Gold Tbk (MDKA) booked\na net profit of USD 101.56 million in the first half of 2026, reversing\nfrom a net loss of USD 15.80 million in the same period the previous\nyear. This performance improvement aligns with consolidated revenue\ngrowing 64.10% year-on-year to USD 1.40 billion, up from USD 854.60\nmillion. EBITDA also increased by 191% to USD 512 million compared to\nUSD 176 million in the first half of 2025.<\/p>\n

This performance was supported by the strengthening of the nickel and\ngold businesses. Merdeka Battery Materials (MBMA) was the largest EBITDA\ncontributor, supported by increased volume and prices of nickel ore as\nwell as contributions from High-Grade Nickel Matte (HGNM). HGNM sales\ngrew 72% year-on-year, supplemented by contributions from Nickel Pig\nIron (NPI) and acid products. Nickel ore production also increased 121%\nyear-on-year to 15.20 million wet metric tons (wmt), while the Merdeka\nGroup\u2019s gold production grew 32% to 66,814 ounces.<\/p>\n

Entering the second half of 2026, MDKA targets performance\nimprovements alongside the production ramp-up of the Pani Gold Mine and\nthe commencement of production at HPAL Sulawesi Nickel Cobalt.\nMeanwhile, the Tujuh Bukit Copper project has entered the feasibility\nstudy stage.<\/p>\n

Furthermore, PT Aneka Tambang Tbk (ANTM) is strengthening its gold\nraw material supply through the purchase of 9 tonnes of gold from PT\nFreeport Indonesia (PTFI) between January and August 20cap26. This\npurchase is part of an agreement with a capacity of up to 30 tonnes of\ngold per year with a purity level of 99.99% sourced from PTFI\u2019s Precious\nMetals Refinery facility in Gresik.<\/p>\n

This additional supply supports ANTM\u2019s gold business, which is the\ncompany\u2019s main sales contributor. In the first half of 2026, ANTM\u2019s gold\nsales grew 1.43% year-on-year to Rp50.39 trillion from Rp49.68 trillion.\nIts contribution reached approximately 80% of the company\u2019s total net\nsales, which were recorded at Rp62.71 trillion. Meanwhile, gold\nproduction from ANTM\u2019s mines was recorded at 433 kilograms. Thus,\nthird-party supply remains a vital part of meeting the company\u2019s gold\nbusiness raw material needs.<\/p>\n

This supply chain strengthening aligns with the development of ANTM\u2019s\ndownstream gold business through the construction of the Gresik Precious\nMetal Manufacturing Plant. The facility, fully owned by ANTM, is\ndesigned to have a capacity of approximately 30 tonnes of 99.99% pure\ngold per year. The project, with an estimated investment of around\nRp1.10 trillion, is currently in the pre-construction stage.<\/p>\n

On the other hand, PT United Tractors Tbk (UNTR) is setting an\ninterim cash dividend for the 2026 fiscal year of Rp430 per share, with\na total maximum value of up to Rp1.48 trillion. The amount of this\ninterim dividend is equivalent to a dividend payout ratio of 154.56%\nagainst the net profit of the first half of 2026. The distribution is\nbeing carried out amidst pressure on the company\u2019s profits during the\nfirst six months of this year.<\/p>\n

In Monday\u2019s (28\/9) trading, UNTR shares closed at the level of\nRp24,375 per share. With an interim dividend of Rp430 per share, the\ndividend yield based on the closing price stands at 1.76%. The dividend\ncum date in the regular and negotiation markets is set for 6 October\n2026, while the dividend payment is scheduled for 26 October 2026.<\/p>\n

Today\u2019s Stock Recommendations:<\/p>\n