Danantara CEO: SOE Share Yields Reach 11 Percent

Danantara Investment Management Agency’s Chief Executive Officer Rosan Roeslani said that state-owned enterprise (SOE) shares on the Indonesia Stock Exchange (BEI) have performed well. Accordingly, these shares are suitable for long-term investment.

Roeslani noted that SOE shares offer solid yields. ‘If we look at the SOEs listed on the exchange, and examine them individually, for example Himbara or minerals, their yields are also very good, at above 10 to 11 percent,’ he said at the Indonesia Stock Exchange on Tuesday, 19 May 2026.

The Minister of Investment and Downstreaming also said that SOE issuers have strong fundamentals. In addition, he noted that the prices of state-owned banks’ shares remain undervalued, cheaper than their book value. According to Roslani, the price-to-book value (PBV) of state-owned bank shares remains below 1 percent; under normal conditions it should reach 2 or 3 percent.

Roeslani also praised the reform measures undertaken by BEI and the Financial Services Authority (OJK). ‘This is certainly a process that we believe will build confidence in our exchange and make it much better going forward,’ he said.

Meanwhile, I Gede Nyoman Yetna, BEI’s Director of Corporate Valuation, said that there are currently 957 companies listed on the exchange. He noted that 85 percent of them have submitted financial reports.

According to Yetna, on the fundamentals side, the condition of the emitents is relatively attractive. ‘What I can say is that, fundamentally, net income and then net profit have risen by 21.5 percent,’ he said.