{ "success": true, "data": { "id": 1987047, "msgid": "stock-recommendations-for-today-cuan-inet-and-dmas-1789700219", "date": "2026-09-18 09:00:08", "title": "Stock Recommendations for Today: CUAN, INET, and DMAS", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "The Jakarta Composite Index (IHSG) closed up 0.40% amid significant corporate actions, including INET's acquisition of SGI and MBMA's massive share buyback plan. The report also highlights expansion strategies by CLEO and provides specific trading recommendations from Mega Capital Sekuritas.", "content": "

The Jakarta Composite Index (IHSG) closed up 0.40% to the level of\n6,462.43 in Thursday\u2019s (17\/9) trading. The index strength was supported\nby several stocks, with BMRI rising 2.11%, DSSA gaining 3.23%, and DCII\ngrowing 1.50% acting as leading movers. Conversely, AMMN fell 4.85%,\nTLKM weakened by 2.63%, and SRAJ corrected by 4.03%.<\/p>\n

Foreign investors recorded a net buy of Rp152.69 billion in the\nregular market and Rp160.16 billion across all markets. From a sectoral\nperspective, 10 out of 11 sectors were in the green zone. The Consumer\nCyclical sector recorded the highest gain of 1.63%, while the Health\nsector saw the deepest decline of 0.55%.<\/p>\n

Positive movement was also observed in the US markets. The Dow Jones\nrose 0.61% to 51,778, the S&P 500 increased 1.14% to 7,637, and the\nNasdaq rose 1.69% to 26,418. Easing concerns regarding oil supply\ndisruptions in Saudi Arabia also pressured oil prices. In the domestic\nmarket, the EIDO ETF rose 0.95% and the MSCI Indonesia strengthened by\n0.24%.<\/p>\n

Regarding corporate actions, PT Sinergi Inti Andalan Prima Tbk (INET)\nhas acquired a 60% stake in PT Sarana Global Indonesia (SGI) with a\ntransaction value of Rp280.40 billion. This value is equivalent to 7.35%\nof INET\u2019s equity, which reaches Rp3.81 trillion, meaning the transaction\nis not categorised as a material or affiliated transaction.<\/p>\n

The acquisition was carried out through the purchase of 180,000 new\nshares of SGI. Through this transaction, SGI becomes a subsidiary of\nINET, expanding the group\u2019s business scope into engineering,\nprocurement, and construction (EPC), as well as the maintenance of\nsubmarine cable systems for fibre optic networks and electric cables.\nThis move complements INET\u2019s core business in fibre optic networks, as\nthe company is currently developing a national fibre optic backbone\nspanning approximately 21,800 kilometres.<\/p>\n

SGI brings experience in several Palapa Ring projects across the\nWestern, Eastern, and Central regions. Additionally, SGI holds long-term\nmaintenance contracts that form part of its recurring revenue base,\nalongside its Pacific Guardian and Nostag 10 submarine cable fleets.<\/p>\n

Furthermore, PT Sariguna Primatirta Tbk (CLEO) is expanding its\nproduction capacity throughout 2026 by operating several new factories.\nA factory in Palu will begin operations in the third quarter of 2026,\nwhile facilities in Pontianak and Pekanbaru are targeted to start\noperating in the fourth quarter of 2026. This expansion will increase\nthe reach of CLEO\u2019s production network, which currently comprises 33\ndrinking water factories across various cities.<\/p>\n

This capacity increase follows the company\u2019s performance in the first\nhalf of 2026, where net sales grew 23.78% year-on-year to Rp1.69\ntrillion, compared to Rp1.37 trillion in the same period the previous\nyear. Net profit also increased 27.04% YoY to Rp262.51 billion from\nRp206.64 billion. The bottled product segment was the largest\ncontributor to the company\u2019s sales.<\/p>\n

In the second half of 2026, CLEO is also expanding its distribution\nnetwork. Currently, the company has approximately 11,000 distribution\npartners and 500 internal distribution points. Beyond expanding\ndistribution, CLEO is developing its product line with the launch of the\nCLEO Practical 15-Litre Gallon on 5 September 2026, using packaging\nclaimed to be 100% BPA-free.<\/p>\n

Meanwhile, PT Merdeka Battery Materials Tbk (MBMA) has announced a\nplan for a share buyback of up to 1.47 billion shares. The company has\nprepared funds of up to Rp1.38 trillion, which includes brokerage fees\nand other costs. MBMA expects the buyback to not cause a decrease in\nrevenue or changes to the company\u2019s financing costs.<\/p>\n

Based on proforma figures referring to the consolidated financial\nstatements as of 31 March 2026, basic earnings per share was recorded at\nUS$0.00028 with no material change. Meanwhile, the profit for the period\nattributable to the owners of the parent entity remained at US$29.95\nmillion. Following the buyback, the weighted average number of shares\noutstanding proforma will decrease from 107.99 billion to 106.53 billion\nshares. The buyback programme will run for a maximum of three months,\nfrom 17 September to 16 December 2026.<\/p>\n

Today\u2019s Stock Recommendations from Mega Capital Sekuritas:<\/p>\n