Consumer Stock Prospects Remain Bright Until End of 2026, Here Are Analysts' Picks
The prospects for consumer sector stocks remain attractive until the end of 2026, even though the weakening rupiah exchange rate and pressure on public purchasing power continue to overshadow the industry’s performance. A number of analysts assess that leading consumer companies still have solid fundamentals, supported by their respective business strategies and catalysts.
Analyst Hansen Christian Seng from Sucor Sekuritas recommends a buy for MYOR shares with a target price of Rp 2,050 per share. According to him, management has chosen to allocate free cash flow to accelerate debt repayment rather than aggressively pursue capital expenditure. This year’s capital expenditure is expected to remain limited at around Rp 600 billion because the need for additional production capacity is still minimal. This deleveraging strategy is expected to support profit growth. Interest expenses in 2026 are projected to fall to around Rp 460 billion, or shrink by 23% compared to the previous year. Additionally, around 40% of MYOR’s export sales are denominated in US dollars, providing a natural hedge against rupiah depreciation. The ongoing debt reduction process is also considered to strengthen the company’s balance sheet structure.
Analyst Jonathan Guyadi from Samuel Sekuritas Indonesia gave a buy recommendation with a target price of Rp 2,100 per share for Unilever Indonesia. UNVR is seen as having a catalyst from a business transformation that is increasingly focused on the Home & Personal Care segment. This move aligns with Unilever’s global plan to combine its food business with spice company McCormick in the middle of the 2027 fiscal year. The transformation also opens up opportunities for the divestment of the food business, including brands such as Royco and Bango, which currently contribute around 25% of sales in the Foods & Refreshment segment. However, there has been no further explanation regarding the implementation of this plan in Indonesia.
Analyst Benny Kurniawan from JP Morgan Sekuritas Indonesia maintained an overweight recommendation with a target price of Rp 7,900 per share for Indofood CBP. ICBP’s performance is expected to remain supported by stable demand for instant noodles in the domestic market and continued international expansion, especially in the Middle East, Asia, and Africa. Although the volatility of raw material prices such as crude palm oil remains a challenge, ICBP is considered capable of managing it through operational efficiency and selective price adjustments. Risks to watch include rising raw material prices, weakening public purchasing power, and exchange rate fluctuations.
Analyst Baruna Arkasatyo from CGS International Sekuritas Indonesia recommends an add for Mitra Adiperkasa shares with a target price of Rp 1,650 per share. MAPI previously announced the implementation of a Mandatory Tender Offer on 17 June 2026. The offer period runs from 18 June to 17 July 2026, with the transaction settlement on 29 July 2026. The MTO covers up to 8.134 billion public shares, or about 49% of the total outstanding shares. CGS International assesses that the transaction is essentially an offshore domicile shift of ownership, which could potentially open up opportunities for future merger and acquisition activity. Although the potential for share price increases in the next six months is expected to be limited, MAPI shares are still considered to have a moderate strengthening opportunity over a 12-month period. The main risk to note is the potential weakening of same-store sales growth if middle-to-upper class consumer purchasing power is lower than expected.