Check Today's Stock Recommendations: INDF, WIIM, and CPIN Included
Trading on the Indonesia Composite Index (IHSG) on Thursday (21/5) closed weaker by 3.54% to the level of 6,094.94. Shares of Amman Mineral Internasional (AMMN), Indofield Sukses Makmur (INDF), and Sumber Alfaria Trijaya (AMRT) acted as the primary supports for the index movement. Meanwhile, the heaviest pressure came from Astra International (ASII), Bumi Resources Minerals (BRMS), and Bayan Resources (BYAN).
Foreign investors recorded a net sell of Rp508.11 billion in the regular market and Rp544.89 billion across all markets. From a sectoral perspective, all sectors underwent correction, with the energy sector recording the deepest decline of 6.91%.
In the global market, US stock indices moved higher. The Dow Jones index rose 0.55% to 50,285, the S&P 500 strengthened by 0.17% to 7,445, and the Nasdaq edged up 0.09% to 26,293.
Sentiment towards the domestic market remains overshadowed by concerns regarding Indonesia’s fiscal prospects and external stability, following scrutiny from S&P Global Ratings regarding export control policies and risks to state revenue. This condition was reflected in the decline of the EIDO ETF by 3.04% and the MSCI Indonesia by 2.56%.
Regarding individual issuers, Widodo Makmur Perkasa (WMPP) projects its Q1-2026 revenue to increase by 108.20% year-on-year to Rp2.10 trillion, compared to Rp1.01 trillion in the same period last year. The company plans to increase poultry slaughterhouse utilisation to 12,000 birds per hour and expand its layer chicken business, targeting a population of 1 million birds by 2028 from 350,000 this year. In the beef segment, WMPP is accelerating average daily gain (ADG) growth to at least 1.60 kg per day and is expanding its feedlot operations to West Java, Central Java, East Java, and the Nusantara Capital City (IKN) region.
Meanwhile, Carsurin (CRSN) targets 2026 revenue growth of 22.41% to Rp618.16 billion, compared to a 2025 target of Rp504.96 billion. This growth is supported by the inspection segment, which is projected to rise by 25.46% to Rp491.11 billion. CRSN’s net profit is expected to increase to Rp17.52 billion from an estimate of Rp5.69 billion the previous year. To support business expansion, the company has formed six new subsidiaries, including PT CARSURIN Nickel Integrity, PT CARSURIN Coal Trust, and PT CARSURIN Certiva International.
Additionally, Charoen Pokphand Indonesia (CPIN) has set a cash dividend for the 2025 fiscal year of Rp180 per share, totalling Rp2.95 trillion. This represents a dividend payout ratio of 52.29% of the profit attributable to owners of the parent entity, which stands at Rp5.64 trillion. The CPIN dividend increased by Rp30 per share compared to the previous year. The company also recorded sales growth of 4.78% to Rp70.70 trillion throughout 2025, accompanied by a 52.07% increase in net profit to Rp5.64 trillion. Earnings per share also rose to Rp344 from Rp226 in the previous year. In the latest trading, CPIN shares closed at Rp4,270 per share with an estimated dividend yield of approximately 4.22%. The dividend cum date in the regular and negotiated markets is scheduled for 2 June 2026, with payment on 12 June 2026.
Today’s Stock Recommendations from Mega Capital Sekuritas:
INDF: Buy 6600-6650 | TP 6800-6900 | SL 6375
CPIN: Buy 4180-4200 | TP 4300-4390 | SL 4010
KJEN: Buy 161-163 | TP 166-170 | SL 151
WIIM: Buy 1750-1760 | TP 1810-1840 | SL 1665
HMSP: Buy 725-730 | TP 755-770 | SL 685