Daily Stock Recommendations: TLKM, BUVA, BRIS, TOWR, and AADI
The Jakarta Composite Index (IHSG) ended Friday’s (17/7) trading session in positive territory, rising 1.10% to 6,175.54. The index’s gain was supported by increases in BBCA, BBRI, and BMRI as the main contributors, while declines in DCII, BREN, and BRMS limited the advance. Foreign investors recorded a net buy of Rp725.13 billion in the regular market and Rp638.57 billion across all markets. Seven of the eleven sectors closed higher, led by the financial sector which rose 2.34%, while the basic industry sector experienced the deepest decline at 0.50%. On the global front, major Wall Street indices closed lower, with the Dow Jones falling 0.77%, the S&P 500 correcting 1.01%, and the Nasdaq weakening 1.40%.
On the other hand, the implementation of the Price Impact Ratio (PIR) in the High Shareholding Concentration (HSC) methodology is considered to strengthen market liquidity quality and aligns with the Extreme Price Increase (EPI) aspect in the MSCI evaluation. This sentiment was reflected in the strengthening of the EIDO ETF by 2.05% and MSCI Indonesia by 2.97%.
In corporate actions, PT Darma Henwa Tbk. (DEWA) has established three new subsidiaries as part of its strategy to expand business lines and strengthen its corporate structure. The three entities are DH Listrik, engaged in power generation and supply; DH Infrastruktur, focusing on port services, warehousing, sea transportation, and supporting transport services; and DH Arunika Hospitality, which operates in the hotel business, accommodation management, catering services, and manpower supply. DH Listrik and DH Infrastruktur are indirectly owned through DH Investindo with a 99.90% stake and Cipta Multi Prima with 0.10%, while DH Arunika Hospitality is directly owned by the company at 99.90% with the remaining 0.10% held by Cipta Multi Prima. As of the first quarter of 2026, DEWA recorded total assets of Rp15.95 trillion, down 4.68% from the end of 2025, and equity of Rp7.89 trillion, a decrease of 8.13%. Operationally, revenue fell 2.21% year-on-year to Rp1.55 trillion, but net profit increased 34.59% to Rp92.72 billion.
Meanwhile, PT Jaya Sukses Makmur Sentosa Tbk. (RISE) has commenced the groundbreaking of its Vasa Ubud project in Bali as part of an effort to expand its premium property portfolio and increase recurring income contribution. The international-standard resort project is being built on approximately 7.39 hectares of land in the Ubud area with an investment value of around Rp1 trillion and a targeted completion time of approximately 30 months. Embracing a low-density luxury resort concept, Vasa Ubud will consist of 41 private villa units and 128 sanctuary-style hotel rooms.
Furthermore, PT Astra International Tbk. (ASII) will initiate a share buyback programme with a maximum value of Rp8 trillion during the period from 20 July 2026 to 16 July 2027, following shareholder approval at an Extraordinary General Meeting of Shareholders. The buyback will be funded from internal cash, with a maximum limit of 10% of issued and paid-up capital, while maintaining a public free float of at least 15%. This programme is a continuation of a previous buyback worth Rp2 trillion that began in November 2025. During the period from 16 March to 15 June 2026, the company realised buybacks amounting to Rp810.70 billion, or approximately 40.5% of the budget, absorbing 153.43 million shares at an average price of Rp5,283 per share. At the same extraordinary meeting, shareholders also approved the transfer of a maximum of 100 million treasury shares for the implementation of a Management Stock Ownership Program (MSOP).
Stock Recommendations:
TLKM: Buy 2630-2650 | TP 2680-2710 | SL 2490
BUVA: Buy 940-950 | TP 970-990 | SL 900
BRIS: Buy 1895-1905 | TP 1925-1950 | SL 1795
TOWR: Buy 404-408 | TP 414-424 | SL 384
AADI: Buy 8650-8700 | TP 8825-9000 | SL 8325