Bareksa Analyst Team Stock Picks: BBRI, BBTN & ADRO as JCI Forecast to Weaken
Bareksa’s analyst team has recommended PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Tabungan Negara Tbk (BBTN) and PT Alamtri Resources Indonesia Tbk (ADRO) as stock picks for short-term trading on 24 February 2026. On a technical basis, the Jakarta Composite Index (JCI) is predicted to close lower.
BBRI: Accumulative buy at Rp3,850–3,890
BBRI shares rose 1.56% to Rp3,900 on 23 February. The largest state-owned bank in the country, which focuses on the micro, small and medium enterprise (MSME) segment, is recommended for accumulative buying with an entry price in the Rp3,850–3,890 range. The profit-taking targets for BBRI are Rp4,000 and Rp4,050, with a stop-loss at Rp3,750.
BBTN: Trading buy at Rp1,365–1,380
BBTN shares rose 1.1% to Rp1,380 on 23 February. The state-owned bank focused on mortgage lending (KPR) is recommended as a trading buy with an entry price in the Rp1,365–1,380 range. Profit-taking targets for BBTN are Rp1,410 and Rp1,420, with a stop-loss at Rp1,340.
ADRO: Trading buy at Rp2,280–2,320
ADRO shares gained 0.87% to Rp2,320 on 23 February. The mining, coal services and renewable energy company is recommended as a trading buy with an entry price in the Rp2,280–2,320 range. Profit-taking targets for ADRO are Rp2,370 and Rp2,400, with a stop-loss at Rp2,200.
Market Highlights
The JCI rose 1.50% to the 8,396 level, with foreign investors recording net purchases of Rp1.1 trillion on 23 February. According to technical research by Ciptadana Sekuritas Asia (24 February), the sectors leading the index’s gains were basic materials, up 3.31%, transportation and logistics (3.09%), industrials (1.73%), energy (1.67%), financials (1.67%), consumer cyclicals (1.52%), infrastructure (1.07%), consumer non-cyclicals (1.02%), technology (0.94%), healthcare (0.74%), and property and real estate (0.55%).
Key index movers included Bank Mandiri (BMRI), up 2.93% to Rp5,275, Bank Rakyat Indonesia (BBRI), up 1.56% to Rp3,900, and Chandra Asri Pacific (TPIA), up 6.32% to Rp7,150. The rupiah strengthened by 79 points to Rp16,794 per US dollar.
On a technical basis, the JCI is expected to trade in a range of 8,295 as the support level to 8,400 as the resistance level, with the likelihood of closing at a lower level on 24 February.
Although the JCI is projected to weaken, short-term trading opportunities remain open. BBRI is recommended for accumulative buying, whilst BBTN and ADRO are recommended as trading buys with measured price targets and stop-loss levels. Investors are advised to maintain discipline on entry levels and risk management.