Bareksa Analyst Team Stock Recommendations Today: SGER, MAPI & SMIL
The three selected stocks by the Bareksa Analyst Team today, 29 September 2026, are SGER, MAPI, and SMIL. Meanwhile, the IHSG is expected to move within the range of 6,029 to 6,254, remaining under selling pressure.
The Indonesian stock exchange fell sharply by 1.51% to the 6,148 level during trading on Monday, 2lar 28 September 2026, pressured by foreign investor selling worth Rp1.1 trillion. The technology, raw materials, and cyclical consumer sectors were the main drags, while the transportation and energy sectors provided slight support. Shares of GOTO, AMMN, and BMRI were the largest index detractors, as the Rupiah weakened to Rp17,975 per US Dollar.
Overseas, US stock markets closed lower amid inflation concerns after President Trump rejected an Iranian proposal regarding the Strait of Hormuz, which pushed 10-year US Treasury yields to a 19-year high. Asian markets also moved variably, with the Kospi leading the decline.
Quoting research from Ciptadana Sekuritas Asia, the IHSG today is expected to move between 6,029 and 6,254, with the index likely to remain in negative territory. Significant foreign selling pressure and the weakening Rupiah are prompting increased caution among domestic market participants.
Stock Recommendations for Today, 29 September 2026 (Strategy: Quick Trade):
- SGER – PT Sumber Global Energy Tbk
Last Price: Rp745
Target Price: Rp785–805
Stop Loss: Rp685
Recommended Buy Price: Rp715–735
Priority Entry: Rp715–720
Analysis: SGER’s price rose 1.36% to Rp745 on 28 September and remains above its moving average, indicating an ongoing uptrend. Momentum is beginning to strengthen, suggesting further upside potential. The increase over the last month has been very strong, reaching 2t5.21%. Prioritise entry at Rp715–720 as the potential profit from the upper buy range is relatively balanced against the risks, given the significant recent gains.
- MAPI – PT Mitra Adiperkasa Tbk
Last Price: Rp1,550
Target Price: Rp1,630–1,675
Stop Loss: Rp1,470
Recommended Buy Price: Rp1,485–1,535
Analysis: MAPI’s price rose 2.65% to Rp1,550 on 28 September and remains above its 20-day and 50-day moving averages, signalling a continued uptrend. The monthly increase has been strong, reaching 10.71%. The potential profit from the recommended buy price is well-balanced against the risks.
- SMIL – PT Sarana Menara Nusantara Tbk
Last Price: Rp430
Target Price: Rp452–464
Stop Loss: Rp416
Recommended Buy Price: Rp422–426
Analysis: SMIL’s price rose 1.42% to Rp430 on 28 September, currently in a consolidation phase around its 20-day moving average, yet remaining above the 50-day average. The monthly increase remains positive at 4.37%, which is more moderate than the other two stocks. Of the three stocks, SMIL offers the most attractive potential profit relative to its risk.
Market Highlights:
Regarding policy, the Government and the House of Representatives (DPR) have agreed to cut the 3kg LPG subsidy in the 2027 Draft State Budget (RAPBN), a move seen as able to ease the fiscal burden but with the potential to increase household energy costs. The Ministry of Energy and Mineral Resources (ESDM) has also issued new regulations tightening the use of affiliated mining contractors, which may have a slightly negative impact on integrated mining groups but a positive impact on independent contractors.
On the corporate side, the Erajaya Group recorded an improvement in comparable store sales in August, with ERAL surging 18.3% year-on-year, confirming the resilience of the group’s portfolio amidst the typically sluggish third quarter.
Key Risk Factors:
SGER has risen sharply in the last month: The 25.21% increase in SGER over the last 20 days means a short-term correction should be anticipated if momentum fails to continue, making entry at the lower end of the buy range more critical.
Significant foreign selling pressure may continue: The Rp1.1 trillion net foreign sell yesterday indicates substantial negative sentiment towards the domestic market, which could affect stocks outside the primary selling sectors.
Geopolitical uncertainty adds to global volatility: The rejection of the Iranian proposal regarding the Strait of Hormuz and US Treasury yields reaching a 19-year high could increase global market volatility, potentially impacting domestic market sentiment.