{
    "success": true,
    "data": {
        "id": 2049733,
        "msgid": "jci-rises-on-state-owned-shares-is-danantara-joining-in-1792644651",
        "date": "2026-10-22 10:35:17",
        "title": "JCI Rises on State-Owned Shares; Is Danantara Joining In?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia\u2019s Jakarta Composite Index (JCI) rebounded 1% in early trading after falling as much as 2% at the open, with several state-owned companies among its main supports. The gains coincided with announced share buyback programmes, while Danantara executives have signalled interest in buying state-owned shares but have not identified targets or committed funds.",
        "content": "<p>Jakarta, CNBC Indonesia \u2013 The Jakarta Composite Index (JCI) was back\nin positive territory midway through the first trading session today. At\n9.56 am Western Indonesian Time, the JCI stood at 5,381.43, up 53.07\npoints, or 1%. It had fallen by as much as 2% at the market open.<\/p>\n<p>The move coincided with several companies listed on the Indonesia\nStock Exchange (IDX) undertaking share buybacks between October and\nDecember 2026. Some have set aside as much as trillions of rupiah for\nthe corporate actions.<\/p>\n<p>Refinitiv data show that most of the shares supporting the JCI midway\nthrough the first session were those of state-owned companies, including\nPT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Rakyat Indonesia (Persero)\nTbk (BBRI), PT Telkom Indonesia (Persero) Tbk (TLKM), PT Bank Negara\nIndonesia (Persero) Tbk (BBNI) and PT Aneka Tambang (Persero) Tbk\n(ANTM).<\/p>\n<p>Bank Mandiri has allocated Rp1.17 trillion for its buyback, which\nruns from 30 April 2026 to 29 April 2027.<\/p>\n<p>Bank Negara Indonesia also has a buyback programme, with Rp627\nbillion allocated. It is scheduled to run from 27 July to 26 October\n2026.<\/p>\n<p>Telkom Indonesia is looking to accelerate its share buyback\nprogramme, worth up to Rp4 trillion, which was approved at its annual\ngeneral meeting on 8 June 2026. The programme remains within its\napproved 12-month period, from 9 June 2026 to 8 June 2027.<\/p>\n<p>As of 19 October 2026, more than Rp3 trillion remained in the\napproved buyback allocation.<\/p>\n<p>Danantara chief executive Rosan Roeslani said on Friday (16 October\n2026) that falling share prices represented a long-term investment\nopportunity.<\/p>\n<p>\u201cWe have to continue to see this as an opportunity and remain\noptimistic. We are confident, and Danantara is ready to enter the\nmarket,\u201d Rosan said.<\/p>\n<p>Danantara chief operating officer and head of the state-owned\nenterprises agency (BP BUMN), Dony Oskaria, also said on Monday (19\nOctober 2026) that the organisation could increase its ownership of\nstate-owned companies.<\/p>\n<p>\u201cIf they are good, we will buy them, particularly state-owned shares,\nand later we will increase our ownership,\u201d he said.<\/p>\n<p>However, Danantara has yet to specify which shares it might buy or\nhow much it would invest. Unlike the buyback programmes announced by the\nlisted companies, Danantara\u2019s move remains an investment plan.<\/p>\n<p>Investors are also watching whether share price gains will hold after\nheavy selling over the previous two days. The outcome of MSCI\u2019s review\nof Indonesia\u2019s market status is also still pending.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-rises-on-state-owned-shares-is-danantara-joining-in-1792644651",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}