{
    "success": true,
    "data": {
        "id": 1797556,
        "msgid": "state-bank-share-buybacks-evidence-of-strong-fundamentals-dasco-1781164345",
        "date": "2026-06-11 13:45:09",
        "title": "State Bank Share Buybacks Evidence of Strong Fundamentals: Dasco",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesian House Deputy Speaker Sufmi Dasco Ahmad has stated that share buybacks by state-owned banks demonstrate confidence in their strong fundamentals amid market volatility. He noted that the recent stock market correction provided an opportune moment for these institutions to increase their holdings. Dasco made the remarks following a meeting with the directors of state banking association Himbara and other senior officials to discuss market turmoil.",
        "content": "<p>House Deputy Speaker Sufmi Dasco Ahmad assessed that the share\nbuyback actions undertaken by a number of companies, including\nstate-owned enterprises (BUMN), reflect confidence in the companies\u2019\nstrong fundamentals amidst market turmoil. According to Dasco, the\nrecent correction in the stock market became a momentum for companies\nwith strong fundamentals to increase their share ownership through\nbuybacks. \u201cActually, BUMN and private companies with strategic projects\nhave strong fundamentals. So, when the market price was falling\nrecently, of course BUMN or Himbara then bought back,\u201d Dasco told\nreporters on Thursday (11\/6\/2026). He assessed that this step\ndemonstrates confidence that the valuations of strategic issuer shares\nremain attractive even though the market experienced pressure. Besides\nbuyback actions by companies, Dasco also touched on the role of\ninvestors and investment institutions that utilise market weakness to\naccumulate shares. \u201cOr then institutions that carry out investments and\nthe market certainly see that it is very strategic to buy back during a\nmarket situation like recently,\u201d he said. Previously, Dasco gathered the\ndirectors of Himbara, along with the Head of BP BUMN and Chief Operating\nOfficer of Daya Anagata Nusantara (BPI Danantara) Dony Oskaria, and\nMinister of State Secretary Prasetyo Hadi on Tuesday (9\/6\/2026). The\nmeeting discussed the phenomenon of the currently volatile stock market,\nincluding the plummeting shares of state-owned banks. At this meeting,\nDasco discussed opening opportunities for share buybacks. \u201cIt is time\nfor us to discuss, then at the right opportunity to buy back shares in\nthe market,\u201d he concluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/state-bank-share-buybacks-evidence-of-strong-fundamentals-dasco-1781164345",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}