A Look at 5 Stock Recommendations with Profit Potential Today
Jakarta, CNBC Indonesia – The Composite Stock Price Index (IHSG) closed down 0.47% at 6,636.48 in trading on Friday (4/9). Several shares recorded significant movements, with NATO rising 24.63%, IMPC gaining 6.76%, and TINS adding 8.07%. On the other hand, BBCA weakened 1.11%, ASII fell 2.97%, and BMRI corrected 0.90%.
Foreign investors booked a net sell of Rp317.07 billion on the regular market. Taking the entire market into account, the foreign position stood at a net sell of Rp29.76 billion.
Of the 11 sectors listed on the Indonesia Stock Exchange (IDX), eight sectors ended in the red. The Transportation and Logistics sector was the deepest decliner, down 1.09%. Meanwhile, the Energy sector posted the strongest gain, rising 0.22%.
US stock markets also closed lower. The Dow Jones fell 0.51% to 53,414, the S&P 500 corrected 0.38% to 7,718, while the Nasdaq declined 0.29% to 26,506.
On the domestic front, the spread of volcanic ash across the Greater Jakarta (Jabodetabek) area is expected to increase demand for mask products. This condition is seen as a potential catalyst for listed companies with exposure to related products, including MEDS and OMED.
Meanwhile, Indonesia’s offshore indices also came under pressure. The EIDO ETF fell 1.20%, while the MSCI Indonesia index corrected 1%.
On the corporate action front, Bank BTPN Syariah (BTPS) announced a share buyback plan worth a maximum of Rp1 trillion. The funds will come entirely from the company’s equity.
Under the plan, the maximum number of shares that can be bought back is 10% of the paid-up capital, in line with prevailing limits.
Based on proforma financial statements as of 30 June 2026, the move is estimated to reduce BTPS’s total assets from Rp23.30 trillion to Rp22.30 trillion. Total equity is also projected to fall from Rp10.26 trillion to Rp9.26 trillion.
Meanwhile, current-year profit is estimated to change from Rp655.49 billion to Rp650.16 billion after accounting for buyback costs. Nevertheless, proforma earnings per share (EPS) would actually rise from Rp85.09 to Rp94.54.
The buyback may be carried out over a maximum period of 12 months from 14 October 2026, subject to approval at the extraordinary general meeting of shareholders (EGMS) scheduled for 13 October 2026.
Meanwhile, shipping company Buana Litas Lautan (BULL) posted positive performance in the first half of 2026. The company’s net profit surged 739% year on year to US$58.41 million, compared with US$6.96 million in the same period a year earlier.
The profit increase was in line with revenue growth and improving margins. BULL’s revenue rose 84% year on year to US$128.73 million from US$69.95 million previously.
Gross profit grew even more sharply, up 243% to US$66.05 million. This lifted the gross margin to 51.3%, from 27.5% in the first half of 2025.
The revenue growth came primarily from the vessel transport business. Freight revenue reached US$126.32 million, up significantly from US$63.10 million. Meanwhile, revenue from the gas segment increased to US$6.41 million, compared with US$0.36 million in the same period last year.
In terms of expansion, BULL is strengthening its liquefied natural gas (LNG) business by adding vessels to its fleet. The company is also exploring a rights issue to support the expansion.
Next is Raharja Energi Cepu (RATU), which plans to carry out a private placement by issuing a maximum of 271.51 million new shares. This is equivalent to 10% of its paid-up capital.
The execution price will be set at no less than 90% of the average closing price of RATU shares over 25 consecutive trading days on the regular market.
Assuming an execution price of Rp6,000 per share, the company could raise approximately Rp1.63 trillion.
The proceeds from the corporate action are planned to fund working capital needs as well as business development for the company and the group. The development may be carried out through asset purchases, share purchases, and/or the provision of loans.
The move could cause maximum dilution of around 9.09% for existing shareholders.
The private placement plan still awaits approval from independent shareholders at an EGMS scheduled for 8 September 2026. If approved, the private placement may be executed within a maximum of two years from the date of the EGMS.
Today’s Stock Recommendations
TINS - Buy 4,390–4,420 | TP 4,500–4,570 | SL 4,120
IMPC - Buy 1,480–1,495 | TP 1,500–1,550 | SL 1,385
SOCI - Buy 630–640 | TP 650–665 | SL 595
MTEL - Buy 484–488 | TP 496–500 | SL 466
OMED - Buy 242–248 | TP 254–258 | SL 232
Disclaimer: All analysis and stock recommendations in this article are for informational purposes only and do not constitute an invitation to buy or sell any particular shares.