{
    "success": true,
    "data": {
        "id": 1795130,
        "msgid": "jci-soars-which-conglomerate-stocks-are-racing-ahead-1781074408",
        "date": "2026-06-10 12:40:13",
        "title": "JCI Soars: Which Conglomerate Stocks Are Racing Ahead?",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Composite Stock Index (IHSG) rallied strongly, boosted by government and parliamentary intervention to stabilise the banking sector. This positive sentiment spilled over, significantly lifting shares belonging to major business conglomerates. Stocks such as PGUN, RAJA, and BUVA recorded gains exceeding 36% over two days.",
        "content": "<p>Jakarta, CNBC Indonesia - In trading today, Wednesday (10\/6\/2026),\nthe Composite Stock Price Index (IHSG) managed to close stronger again\nat the end of the first session at the level of 5,881.23, up 2.34% from\nthe previous day\u2019s close. This was partly due to the House of\nRepresentatives (DPR) highlighting the movement of banking stocks, which\nhad been depressed due to negative sentiment in the domestic stock\nmarket. Responding to this dynamic, Deputy Speaker of the Indonesian\nHouse of Representatives Sufmi Dasco Ahmad, together with Minister of\nState Secretary Prasetyo Hadi, held coordination with Danantara, BPJS\nTK, INA, and directors of Himbara on Tuesday (9\/6\/2026). This meeting\nfocused on evaluating the national banking situation. Dasco stated that,\nconsidering the solid performance and fundamentals, state-owned bank\nstocks were currently at a potential level for accumulation by investors\nagain. The statement aligns with data presented by the President\nDirector of PT Bank Negara Indonesia (Persero) Tbk (BBNI), Putrama Wahju\nSetyawan. He asserted that Himbara\u2019s fundamentals are performing at\ntheir best. This is reflected in the growth of credit distribution and\nThird Party Funds (DPK) ranging from 20% to 30%. Banking liquidity is\nalso well maintained, with a Loan to Deposit Ratio (LDR) at 88% to 90%,\nand non-performing loan (NPL) ratios under control below 2%. Minister of\nState Secretary Prasetyo Hadi also appreciated the coordination\ninitiative. He stressed the importance of synergy and further\ndiscussions between market players, including Taspen, BPJS, and INA, to\nmaintain stability while addressing national economic challenges.\nInterestingly, the positive sentiment from the policymakers\u2019 meeting not\nonly supported the pace of state-owned banking but also spread to a\nseries of stocks belonging to conglomerate issuers. Based on market\nmovement data over the past two days following the meeting, the majority\nof stocks from large groups recorded significant value appreciation.\nShares of PT Pradiksi Gunatama Tbk (PGUN) led the list of highest gains,\nsoaring by 37.12% over two days. The next position was occupied by PT\nRukun Raharja Tbk (RAJA), with an increase of 36.74%, followed by PT\nBukit Uluwatu Villa Tbk (BUVA), which appreciated by 36.36%. This\npositive trend reflects market players\u2019 optimism about the prospects for\nthe domestic capital market after signals of direct support from the\ngovernment.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-soars-which-conglomerate-stocks-are-racing-ahead-1781074408",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}