Danantara CEO Sees Indonesian Stock Market Still Prospective

Danantara CEO Rosan Roeslani sees Indonesia’s stock market prospects as still positive in the long term. The optimism is driven by the strong fundamentals of state-owned enterprises (BUMN) issuers and investment yields that are considered competitive.

Rosan said Danantara’s investment approach is not oriented to daily market movements but focuses on a long-term strategy.

‘We view the stock market investment as a long-term investment for Danantara. If we look at the BUMN listed on the exchange one by one, for example Himbara or our mineral sector, the yields are very good at above 10-11 percent,’ Rosan said at the Indonesia Stock Exchange (BEI), Jakarta, on Tuesday (19/5/2026).

Rosan praised the steps of the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI) that continuously improve the governance of the capital market to increase transparency and investor confidence. He believes the improvements will strengthen the credibility of Indonesia’s capital market going forward.

According to Rosan, domestic and foreign investor interest shows the capital market’s development is moving toward a healthier state. He notes that BUMN shares listed on the exchange still offer attractive valuations with high medium- to long-term yields.

‘Therefore, when we look again, indeed both fundamentally and in terms of pricing of the shares, especially BUMN shares listed on the exchange, it will create good mid- to long-term yields above 10-11 percent, which in our view is very, very good,’ he added.

Rosan emphasised that market fluctuations are normal in investing. However, Danantara remains optimistic about the growth of the national capital market as a process toward a stronger state.

‘This journey is positive going forward. But if we look at today, tomorrow, or a week from now, our approach is not daily. Our approach is not monthly; our approach is long-term,’ he continued.

He also highlighted the growing number of investors in Indonesia’s capital market, which now stands at around 27 million, up from about 20 million the previous year.

‘I am very confident that in the long term the exchange will continue to grow, in terms of market capitalization, the number of issuers, and also the investors,’ Rosan said.

Additionally, Rosan sees growth of young investors, especially Gen Z, as a positive signal for the future of the national capital market. He stressed the importance of strengthening investment education so that investors’ understanding of long-term strategies improves.

‘And we also see the growth of young Gen Z investors rising significantly. This is what we must explain to them—that investing in the capital market is a good, medium- to long-term investment that can yield a good return,’ Rosan said.